In 2018, the import and export of private enterprisesincreased by 12.9% Y-O-Y: innovation-driven

[hiseen]

In 2018, the import and export of private enterprises increased by 12.9% year-on-year: innovation-driven
2019 01/14 14:51 CCTV

CCTV News: The General Administration of Customs announced today that in 2018, the import and export of private enterprises increased by 12.9% year-on-year, which was 3.2 percentage points higher than the overall growth rate of China's imports and exports. By accelerating independent innovation, private enterprises have highlighted China's quality in international trade and have become another bright spot for stimulating China's foreign trade.

Recently, the aviation aluminum material independently developed and produced by the Shandong company has become a hot commodity in the international market. The export volume in Europe, the Americas and Southeast Asia has increased substantially, and the product orders have been discharged five years later.

Lv Zhengfeng, head of a company in Yantai, Shandong: (Globally, every year) has a market share of about 500 million, which we have already obtained and is stable.

As one of the most excellent aluminum alloy materials, aviation aluminum has extremely high requirements on various technical indicators such as strength and toughness. In the past, China could only rely on imports. The private enterprise in Shandong finally succeeded in filling this through technology research and development. The domestic gap in one area has opened up the international market.

Lv Zhengfeng, head of a company in Yantai, Shandong: They are interested in technical support and a complete R&D system. It should be said that for private enterprises, independent innovation is the soul of private enterprise development.

Relying on product quality and technical support, private enterprises have accelerated innovation and development, and endogenous power has been continuously strengthened. This kind of electric screwdriver is a self-owned brand of a company in Suzhou. It sells 1.1 million units every year in the world. On average, there is one product exported to Europe and the United States in 1.8 seconds. In 2018, the export volume is close to 600 million US dollars.

An enterprise department in Suzhou, Jiangsu Province Ge An: More innovative and intelligent, so that people all over the world can appreciate the value and charm of Chinese brands.


According to customs statistics, in 2018, the import and export of private enterprises in China was 12.1 trillion yuan, a year-on-year increase of 12.9%, of which exports were 7.87 trillion yuan, up 10.4% year-on-year, and imports were 4.23 trillion yuan, up 18.1% year-on-year.

Li Kuiwen, Director of the Comprehensive Statistical Analysis Department of the General Administration of Customs: Private enterprises continue to maintain the status of the largest export entity. In 2018, the contribution of private enterprises in China to foreign trade import and export growth exceeded 50%, which has become a major highlight of China's foreign trade development.

 

[hiseen]

This is a fake news! According to the prediction: China will collapse in 2023, No one will be willing to book 5 years of Chinese products.. They certainly did not read Mr. V.V’s prophecy carefully.

 

[艹艹艹]

①
China’s trade surplus with the U.S grew 17 percent from a year ago to hit $323.32 billion in 2018.
the highest it’s ever recorded
②
The Russian-Chinese trade increased by 27.1 percent year-on-year in 2018 and reached $107.06 billion, thus surpassing for the first time the target level of 100 billion

 

[TaiShang]

According to customs statistics, in 2018, the import and export of private enterprises in China was 12.1 trillion yuan, a year-on-year increase of 12.9%, of which exports were 7.87 trillion yuan, up 10.4% year-on-year, and imports were 4.23 trillion yuan, up 18.1% year-on-year.

Perhaps, for private enterprises, the export-import picture should reverse: More exports as compared to imports, although both should continue to increase.

But, according to the numbers, private enterprises are also giving trade surplus. That's encouraging. They have some room to increase (quality) imports while still remaining on the surplus area.

 

[TaiShang]

China’s private sector sees foreign trade exceeding 12 trillion yuan in 2018

(People's Daily Online) 09:31, January 15, 2019

(Photo/Chinanews.com)

Foreign trade through China’s private enterprises totaled 12.1 trillion yuan in 2018, growing 12.9 percent year on year.

The figure accounted for 39.7 percent of the country’s total trade volume, up 1.1 percent from the previous year, said Li Kuiwen, spokesperson of China’s General Administration of Customs, at a news conference held by the State Council Information Office on Jan. 14.

In 2018, China’s private enterprises contributed over 50 percent of the country’s foreign trade growth.

The foreign trade growth of private enterprises in central, western and northeastern China respectively stood at 20.3, 18.9, and 16.7 percent last year, outpacing the eastern region, which secured a growth of 12.1 percent.

Mechanical and electrical products accounted for over 40 percent of the private sector’s total export and import, Li noted.

http://en.people.cn/n3/2019/0115/c90000-9537774.html