So far this year, from the effects of the international financial crisis, national, provincial, Chenzhou’s foreign trade import and export and processing trade import and export volume declined substantially and the situation was hopeless.
The top five enterprises in terms of import and export volume included CSR Group Zhuzhou Electric Locomotive Co., Ltd and Lens Technology Co. Ltd. Zhuzhou, Changsha and Hengyang accounted for 75.9% of the province's processing trade volume during the month of January. In recent years, Hunan has seen vigorous growth in processing trade by actively undertaking gradient transfer of processing trade industry from coastal areas.
Through the efforts of departments at all levels, Chenzhou rebounded in import and export monthly; after the growth was achieved in April, in May, the city’s foreign trade import and export and processing trade surged. Import and export in May achieved 214 million dollars with year-on-year growth of 275.32%, month-on-month growth of 78.48%, and hit the record of the month, among which exports were 88 million dollars and imports 126 million dollars.
The city’s import and export in January-May had achieved 629 million dollars, an increase of 47.92%, 35 percentage points higher than that of last month, 35 percentage points higher than that of Hunan province, 40 percentage points above the national, in which exports reached 346 million dollars, 61.92% higher compared to the same period, 40 percentage points above the province, 53 percentage points higher than the national while imports came to 282 million dollars, an increase of 33.75%, reversing the passive situations in the first 4 months of decline. In May alone, the city’s processing trade achieved 102 million dollars, for the first time exceeding 100 million in a single month mark while from January to May, the city’s processing trade arrived at 273 million dollars, an increase of 165.18%.