Nantong's Foreign Trade Exports Strive to Overcome Winter and Actively Cope with Leading Enterprises' Development

Recently learned from the Nantong Bureau of Commerce that in January this year, Nantong City exported 1.6 billion U.S. dollars, an increase of 9.3% year-on-year, which is higher than the national and Jiangsu average. The relevant personages of the Nantong Business Bureau said with deep feelings that such an increase is the result of the city’s foreign trade companies struggling hard.

In the new year, Nantong has guided foreign trade companies to respond to structural problems such as insufficient external demand, sluggish market, labor shortage and rising costs. The photovoltaic industry is an emerging industry in Nantong, but it is also one of the industries that relies heavily on overseas markets. Its customers are mainly in Europe. With the outbreak of the European debt crisis, European countries have canceled the subsidy policy on photovoltaics, and there is no doubt that the overcapacity will appear. Some small businesses were under pressure from funds to lower prices and sell their inventory. The price of photovoltaic modules dropped from 1.4 euros/watt at the end of 2010 to the current 0.65 euro/watt. In response to this situation, Nantong promptly instructed enterprises to improve product quality and reduce costs. The company called it a good two-piece “cotton jacket”. Nantong City's apparel exports in 2011 increased by more than 20% year-on-year in the first half of 2011. However, at the end of last year, garment exports were unusual. In November, exports only increased by 7.6%, and the single-month increase fell below double digits for the first time. According to a survey conducted by the Nantong City Bureau of Commerce, the slowdown in growth is due to the rise in production costs of enterprises, especially the rising costs of labor, raw materials, and the appreciation of the economy. At present, the city's apparel companies focus on adjusting the product structure, make full use of advanced production equipment and technology, brand advantages, increase new product development efforts, and improve the export export response capacity.

In order to ensure the safe winterization of export enterprises, the Nantong Bureau of Commerce actively responded to the issue. Deputy Director Zuo Xiaoming proposed that foreign companies should help solve several problems: First, employment issues, especially before and after the Spring Festival; Second, ** issues, strengthening For a small number of funds, companies are severely short of tracking services, to strengthen the advancement of shipbuilding company’s buyer credit, to ensure the smooth implementation of export orders by solving shipowners’ problems, and third, to support the city’s photovoltaic companies to participate in the counterattack of US “double counter” investigations.

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