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Guangdong, Jiangsu, Zhejiang and Shandong provinces — the major export-oriented economic powerhouses in the country — as well as Shanghai and Beijing, each saw their total value of imports and exports exceed 1 trillion yuan ($141.8 billion), according to the latest data put out by local authorities. In particular, Guangdong's foreign trade volume hit 2.52 trillion yuan during the first four months. |
Cumulatively, the trade of four provinces and two municipalities amounted to 9.31 trillion yuan and accounted for nearly 70 percent of the country's total imports and exports, which stood at 13.32 trillion yuan in the first four months, according to calculations based on official data. |
The production lines at Bolison, a Foshan-based additive supplier for the plastics industry in Guangdong, have been busy as the company landed new bulk orders from Vietnam and Iraq in late April. |
Li Baoxing, general manager of the company, said overall exports grew 50 percent year-on-year in the first four months as its self-developed lead-free additives became popular among global buyers. |
The lead-free feature makes their additives environment-friendly, and this enhances the quality of plastic products, he said. |
Private businesses like Bolison are playing a bigger role in the country's foreign trade, the data showed. |
Imports and exports by the private sector totaled 7.05 trillion yuan in the first four months, and accounted for 52.9 percent of the country's total foreign trade, up 4.6 percentage points over the same period last year. |
The imports and exports from private firms in Zhejiang, Shandong and Guangdong, for example, took up 80 percent, 74.2 percent and 60.5 percent, respectively, of their total trading volumes during the period. |
While China's foreign trade is on track for a steady recovery, private companies are facing multiple headwinds and mounting pressure. The government must step up support to help these enterprises explore newer markets and secure orders, industry insiders and experts said. |
In a bid to help businesses expand their markets and secure new orders, Zhejiang introduced a package of measures to keep foreign trade stable and improve its quality, according to a circular issued by the provincial government on Tuesday. |
It has pledged efforts to help 10,000-plus firms to group over 1,000 businesses delegations to travel overseas and attract more export orders in traditional markets like the European Union, the United States, Japan, South Korea and Australia, according to the circular. It will also scale up support to help them further explore emerging markets such as ASEAN economies, the Middle East, Latin America and Africa, it said. |
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