Taizhou's Xinhe sees robust growth in foreign trade
chinadaily.com.cn | Updated: 2024-09-24
Print PrintXinhe town in Wenling, a county-level city in Taizhou, Zhejiang province, led the city in foreign trade by achieving a remarkable export figure of 528 million yuan ($75.06 million) from January to July this year, a 33.24 percent increase year-on-year.
Behind Xinhe's success is its many burgeoning enterprises.
Maqi Technology Group, a leading company in the town, invested over 200 million yuan to establish an intelligent manufacturing center. Its cutting-edge products, including industrial sewing machines and overlock machines, have captured the export market's attention, resulting in a substantial 39 percent export growth in the first seven months.
Similarly, Beilite Machinery Co, a national high-tech enterprise, has strategically positioned itself in the global market with its renowned breaking hammers, experiencing a 112 percent year-on-year growth in exports.
These success stories are emblematic of Xinhe's overall foreign trade performance. By supporting key manufacturing enterprises, implementing stable foreign trade policies, and fostering innovation, the town is witnessing a sustained increase in export earnings, with a host of export-oriented enterprises driving growth through enhanced quality systems and strategic market expansion efforts.