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Chenzhou's Foreign Trade Enters 142 Countries & Regions

2019-01-18

"Last year, the Chenzhou Branch of the Agricultural Bank of China gave priority to ensuring the loan demand of foreign trade enterprises, and provided timely export credit and trade loans for our enterprises to help us go out." On January 9, the Head of Hunan Giantsun Power located in Chenzhou High-tech Zone, introduced that their products have been exported to more than 10 countries and regions such as the United States, the European Union and Japan.

In recent years, Chenzhou City has vigorously developed its export-oriented economy, and has taken various measures to encourage enterprises to go abroad, thus promoting a large number of enterprises to go abroad and open up overseas markets.

In order to solve the "financing difficulties" of foreign trade enterprises, the banking financial institutions in Chenzhou have innovated ideas and fully supported the development of foreign trade enterprises. The Chenzhou Central Branch of the State Administration of Foreign Exchange has fully implemented the new policies on foreign exchange management services of the state, helped 3 overseas investment enterprises to connect with designated foreign exchange banks, successfully realized overseas financing of US$48 million, and promoted the smooth development of overseas investment projects of enterprises in the city.

It was understood that last year Chenzhou foreign trade "break zero doubling" plan achieved remarkable results, 50 enterprises to achieve "break zero" and 26 enterprises to achieve "doubling". There are 615 registered foreign trade enterprises and 163 foreign trade import and export performance enterprises in the city, which have import and export trade with 142 countries and regions around the world.

Last year, the city achieved a total import and export of US$4.59 billion, an increase of 18%, and the processing trade accounted for about 30% of the province's total. Chenzhou Economic Development Zone was recognized as the national base for foreign trade transformation and upgrading.