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Back|Shandong implements the "Thousands of Enterprises Go Global, Shandong Trade Global" action. From January to August, foreign trade imports and exports increased by 4.7% year-on-year.
Shandong implements the "Thousands of Enterprises Go Global, Shandong Trade Global" action. From January to August, foreign trade imports and exports increased by 4.7% year-on-year.
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中国新闻网·1 hour ago·Business·2 min read·🇨🇳China·

Shandong implements the "Thousands of Enterprises Go Global, Shandong Trade Global" action. From January to August, foreign trade imports and exports increased by 4.7% year-on-year.

From January to August this year, Shandong's foreign trade import and export reached 2.43 trillion yuan, a year-on-year increase of 4.7%.

Quick Look

  • The Shandong Provincial Department of Commerce held a press conference and stated that since this year, Shandong has implemented the international market development action of "Ten Thousands of Enterprises Going Global, Shandong Trade Global" to promote policy coordination and cluster cultivation.
  • From January to August, Shandong's foreign trade import and export volume was 2.43 trillion yuan, a year-on-year increase of 4.7%.

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Why It Matters

The Shandong Provincial Commerce System will implement the "Ten Thousand Enterprises Going Global, Shandong Trade Global" international market development action this year to promote the stability and quality of foreign trade.

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China News Service, Jinan, September 29 (Lv Yan) The reporter learned from the press conference held by the Information Office of the Shandong Provincial People's Government on September 29 that since this year, the Shandong Provincial Business System has implemented the "Thousands of Enterprises Going Global" The "Lumao Global" international market development action promotes the stabilization and improvement of foreign trade, coordinates and promotes the two core projects of "one country, one policy" to accurately develop key markets, and "one industry, one policy" to cultivate specialized, new and high-quality foreign trade product clusters, innovatively builds an international marketing public service system for Shandong's high-quality foreign trade products, provides full-chain service support "from product selection to delivery" for enterprises going overseas, and strives to build new advantages for the high-quality development of Shandong's foreign trade.

According to Wang Hong, deputy director of the Shandong Provincial Department of Commerce, the province has strengthened policy support and made every effort to stabilize the fundamentals of foreign trade. Among them, it pays attention to the coordination of trade policy and fiscal, taxation, industrial, and financial policies, and has successively introduced "49 measures to stabilize foreign trade," "12 measures to promote automobile exports," and "8 measures for green transformation of steel and aluminum products," as well as measures to promote the expansion of cross-border e-commerce and improve quality. Innovative measures are used to hedge risks and challenges, providing solid support for stabilizing the fundamentals of foreign trade and enhancing corporate confidence. In addition, the province focuses on key projects with an annual import and export increase of over 100 million yuan (RMB, the same below), relies on advanced services to solve difficult problems of enterprises, and accelerates the formation of export performance. By the end of August, the export increase has reached 76.5 billion yuan.

Wang Hong said that Shandong adheres to "one industry, one policy" and cultivates clusters of specialized, new and high-quality foreign trade products. Shandong focuses on the ten major industries such as machinery and equipment, automobiles and spare parts, and has established special work teams to provide enterprises with all-round support such as market demand analysis, procurement information docking, risk warning and prevention, and overseas service network layout. They work together from the product selection end, marketing end, and service end to promote foreign trade from "individual operations" to "cluster overseas". From January to August this year, the province's automobile exports reached 60.04 billion yuan, a year-on-year increase of 47.6%. The exports of industrial robots, computers and parts increased by 36.1% and 30.4% respectively year-on-year. The proportion of exports of high-tech products increased to 10.1%. The characteristics of foreign trade are more innovative, smart and green.

In terms of adhering to "one country, one policy" and optimizing the layout of the international market, Wang Hong said that Shandong focuses on Chile, Hungary, and Tanzania, radiating and driving the expansion of markets in South America, Europe, and Africa. Relying on Shandong's "going global" enterprises, it builds a three-dimensional marketing network of "overseas workstations + overseas exhibitions + overseas logistics hubs + commodity display centers + overseas parks". Build an overseas base for Shandong enterprises in the target market, and provide localized services such as international logistics and transportation, overseas warehousing and display, and product marketing and promotion for enterprises to expand their markets. From January to August this year, exports to emerging markets such as Eastern Europe, Africa, and Central Asia increased by 13.1%, 19.2%, and 26.5% respectively year-on-year, and the results of market diversification continued to be consolidated.

"In the next step, we will continue to promote the international market development action of 'Thousands of Enterprises Go Global, Lumao Global', strengthen cross-department collaboration, and plan innovative measures." Wang Hong said that we will focus on five aspects of consolidating the industrial foundation, strengthening digital empowerment, upgrading enterprise-friendly services, broadening global channels, and preventing and defusing risks. Promote the application of AI tools in the field of foreign trade, assist the digital transformation of traditional industrial and trade enterprises, vigorously develop cross-border e-commerce, explore new business formats such as "OPC (One Person Company)", and use digital technology to reduce the cost of enterprises going overseas.

It is reported that from January to August this year, Shandong's foreign trade import and export was 2.43 trillion yuan, a year-on-year increase of 4.7%, of which exports were 1.46 trillion yuan, a year-on-year increase of 2.8%, and imports were 0.98 trillion yuan, a year-on-year increase of 7.5%.

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This article was originally published by 中国新闻网.

Quick Look

  • The Shandong Provincial Department of Commerce held a press conference and stated that since this year, Shandong has implemented the international market development action of "Ten Thousands of Enterprises Going Global, Shandong Trade Global" to promote policy coordination and cluster cultivation.
  • From January to August, Shandong's foreign trade import and export volume was 2.43 trillion yuan, a year-on-year increase of 4.7%.

AI-generated summary

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Shandong
foreign trade
Thousands of enterprises going overseas, Lumao Global
Shandong
Lu Yan
Wang Hong
Shandong Provincial People's Government Information Office
Shandong Provincial Department of Commerce
Jinan
chile
hungary
foreign trade
Thousands of enterprises going overseas, Lumao Global
Import and export
Cross-border e-commerce

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