Yangtze River Delta exports: contrarian growth – Precision Fasteners manufacture
For the once-great China's foreign trade enterprises, the 2008 spring and summer is truly a "winter." As the U.S. economic recession coupled with the impact of domestic factors, leading to closure of a large number of small and medium export enterprises.
However, in the economically developed Yangtze River Delta region, many enterprises through the transition effectively defuse the risks of foreign trade, export contrarian growth, "the scenery here is fine."
Restructuring is not a dream: "labor intensive" to "technology intensive"
Since this year, by the U.S. sub-prime mortgage crisis and the appreciation of the RMB exchange rate, credit crunch, high raw material costs and other factors, China's export of high-speed operation for years, "carriage" deceleration, the trade surplus negative growth in export enterprises are facing unprecedented difficulties.
General Administration of Customs statistics show that in the first 7 months China's cumulative trade surplus of 123.7 billion U.S. dollars, down 9.6%, a net decrease of 13.1 billion U.S. dollars, of which export growth in June from May's 28.1%, sag to 17.6%, the month's trade surplus fell sharply by 20.6% year on year net decrease of 5.54 billion U.S. dollars. Traditional export large province of Guangdong, Jiangsu, Zhejiang, respectively, year on year export growth in the first half dropped 13.7, 4.1, 2.4 percentage points.
Sainty Group, the former vice president of the Import and Export Chamber of Commerce, the Secretary-General, Jiangsu Province, platinum-liang said that this year the export environment, both "external pressure", with "in crowded", rated as the most difficult since the reform and opening year. "Enterprise's like riding a 'roller coaster', the way is full of risks, to open 'roller coaster' of a button and not in its own hands!"
Reporters in an interview found in the Yangtze River Delta region, despite the difficult times, a number of regions, enterprises through industrial and product structure adjustment, economic restructuring, export contrarian growth in a show blows, sticks Aoba Chui.
For example in Shanghai, the first half of this year, exports 80.498 billion U.S. dollars, increased 25.12% over the same period last year, the growth rate higher than the same period last year by 4.2 percentage points higher than the national average of 3.2 percentage points, of which high-tech technology products exports accounted for the same period in the city's total exports 41.8% compared with the restricted category in processing trade exports fell by 0.6% year on year, accounting for the proportion of exports is only 2.3%.
Reporter learned from Jiangsu Provincial Foreign Economic and Trade Office, photovoltaic products have become the hi-tech products in Jiangsu important driving force for rapid export growth in the first half of exports of 2.97 billion U.S. dollars, exceeding last year's exports, an increase of 231%. Wuxi, Jiangsu photovoltaic industry leader, was named "National Trade and innovation of new energy science and technology base", the first half of photovoltaic products exported 1.27 billion U.S. dollars, an increase of 156%, accounting for 42.7% of the province's exports.
Shanghai Institute for International Economic and Trade researcher Ming-view, this year's export situation is complicated and changeable, but the accumulation of years of high growth, many foreign trade enterprises have a "pain repair capacity." After this round of survival of the fittest, China's exports will be more healthy, active and stable manner.
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