East China’s Jiangsu province has implemented the requirements of the central government, and adopted a series of measures since the beginning of this year to strengthen policy guidance, expand financing channels, and build recruitment platforms to stabilize foreign trade growth.
Jiangsu Shuanghuan Gear Co., Ltd. is rushing to manufacture products to be exported to North America. The company reported a more than 40% year-on-year increase in exports in the first quarter.
The sudden outbreak of the epidemic and the complex international situation subjected the company to difficulties in resumption of work, logistics, and contract fulfillment.
The local customs and commerce bureau formulated a railway plus road logistics plan for the enterprise to ensure smooth import and export, and at the same time introduced support measures to solve recruitment and financing.
In response to the decline in imports and exports caused by the Russian-Ukrainian war, Wuxi has established a green channel to provide assistance from credit insurance claims and loan extension.
Lianyungang has helped enterprises to obtain orders through exhibition subsidies and domestic sales.
Relying on a relatively complete domestic supply chain, in the first quarter, foreign trade enterprises in Jiangsu achieved a total import and export volume of 1,288.43 billion yuan, standing for a year-on-year increase of 14% and hitting a record high.
