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Yongkang Foreign Trade Succeess
Post Time: 14/11/2017

According to a report by the Yongkang Branch of Jinhua Customs on October 29, from January to September of 2017, Yongkang’s total exports and imports reached 20.22 billion RMB. This is an increase of 11.1% over the same period in the previous year and accounts for 8.1% of the total value of the imports and exports of Jinhua. The total export value of Yongkang was 19.77 bn RMB, an increase of 11.3% annually; and the total import value was 450 million RMB, an increase of 1.7% annually.

This year, products like power tool, kitchenware, and vacuum-sealed cups are the top three exports in Yongkang. During the first three quarters of the year, exports in the power tool industry totaled 3.28 bn RMB, an increase of 14.7%; exports in the kitchenware industry totaled 3.85 bn RMB, an increase of 7.0%; and exports in the vacuum-sealed cups industry totaled 2.41 bn RMB, an increase of 26.7%.

Some experts think that the improvement of quality in the power tool, kitchenware, and vacuum-sealed cups industries makes their products more competitive.

“We have introduced an advanced processing method, new equipment for intelligent detection and online detection, and intelligent manufacturing and logistics systems. Now, our products are upgraded and updated, thanks to advanced skills and devices,” said Hu Feipeng, general manager of Zhejiang Zhengyang Industry Co., Ltd. “The upgrade of technology is the key to the improvement of a product’s quality, especially in the power tool industry. We have to weed out the old technology,” Hu emphasized.

Nowadays, like Zhengyang Company, a number of companies in Yongkang have begun to use better management patterns and introduce advanced technology. As a result, quality and efficiency are improving greatly, and those companies are fast becoming the leaders in their industries.

Under the background of economic transformation and upgrading, the old way to make profits—low price and large quantity—is being challenged. It is time to focus on quality rather than quantity. Nevertheless, many small and medium enterprises do not do enough research or pay enough attention to the creativity of their products. Therefore, the quality and structure of their products do not match the international standard, which causes great trouble for exporting.

The report suggests that Yongkang’s enterprises should attach importance to the improvement of quality and technical ability so as to make themselves more competitive in the international market. Then, the quality of Yongkang’s products will speak louder in the world. (By Wu Junyong, translated by Li Ziyi, edited by Kendra Fiddler)

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