Taixing – a county-level city administered by Taizhou city, in East China's Jiangsu province – scored well in foreign trade last year, with the value of imports and exports hitting $6.18 billion, ranking it first in Taizhou.
The city is said to have completed its annual target for foreign trade one month ahead of schedule.
Longyang Wood Industry Co Ltd, a supplier of leading international home furniture brands, improved its production capacity by nearly 50 percent after its new factory started operating in 2022. Its total imports and exports last year amounted to nearly $128 million, up 32 percent year-on-year.
Wood is piled up in the Longyang Wood Industry Co factory. [Photo/WeChat account: txfabu]
In 2022, faced with COVID-19, complex regional situations and other disadvantages, Taixing fully implemented policy measures from the provincial government, to maintain stability and improve the quality of its foreign trade.
The city helped 100 enterprises receive special funds of over 10 million yuan ($1.48 million) and covered export credit insurance expenses for over 100 small and micro businesses.
What's more, it organized more than 30 enterprises to participate in on-site and online exhibitions to expand their markets last year. It is estimated that 120 orders and 260 intended orders were registered, with a proposed turnover of about $5 million.