East China’s Jiangsu province reported steady growth in imports and exports in the first half of the year against the adversities of the impact of the COVID-19 epidemic, latest statistics show.
The 1.5GW solar panel intelligent production workshop in Taizhou Jolywood Optoelectronics Co., Ltd. has increased the production capacity by about 50% since completing the transformation at the end of last year.
Taizhou Jolywood is one of the leading new double-sided photovoltaic cell companies in China, and its products are in short supply in overseas markets. In the first half of the year, the company's exports increased by 28.3% year-on-year.
Since the beginning of this year, affected by the epidemic around the world, foreign trade enterprises in Jiangsu have encountered many difficulties in production, logistics and employment.
The provincial government has introduced 14 measures to stabilize foreign trade to help enterprises further reduce the burden of production and operation.
The commercial department coordinated to solve the specific difficulties for foreign trade enterprises such as issuing invitation letters for nearly 10,000 trade specialists to return to work.
The transportation department opened more than 1,000 China-Europe trains in the first half of the year, providing new options for the export of products.
Financial and insurance institutions represented by export credit insurance have continued to serve more beneficiaries and boost the confidence of foreign trade companies.
The customs has assisted foreign trade enterprises to adopt land plus sea transportation and road plus railway transportation to help enterprises solve the bottleneck of logistics and transportation.
In the meantime, Jiangsu has seized the opportunity of the national-level cross-border e-commerce comprehensive pilot zones in 13 prefecture-level cities to develop cross-border e-commerce and strengthen the construction of overseas warehouses.
Efforts have been made to strengthen the publicity and promotion of 32 provincial public overseas warehouses, and supported provincial freight train companies and provincial foreign trade and economic groups to accelerate the construction of overseas warehouses.
In the first half of the year, Jiangsu reported a total import and export value of 2.64 trillion yuan, a year-on-year increase of 10% and up 0.6 percentage points higher than the national average.
Jiangsu's imports and exports to the EU, ASEAN, the United States and South Korea increased by 9.8%, 11.5%, 8% and 19.9% respectively. Private enterprises accounted for 38.7%, an increase of 1.8 percentage points. General trade accounted for 57.2%, an increase of 0.5 percentage points.
