Jiaxing Shoe Leather Enterprises Speed Up Their Layout And Make Big Profits Overseas.

Nowadays, Jiaxing enterprises are becoming more and more interested in earning foreign money overseas.

Yesterday afternoon, the investment promotion conference of norweizhou (Jiaxing) attracted more than 80 enterprises in our city.

It is understood that in recent years, with the change of domestic trade environment and international trade situation, the pace of "going out" development of our enterprises is accelerating.

Statistics show that by the end of last year, the number of overseas enterprises (Institutions) approved by the city reached 216, with a total investment of US $144 million, covering 47 countries and regions in the world.

Jiaxing enterprises accelerate overseas investment

In May 16, 1987, the former Haining chemical fiber factory invested in silk group (Group) Co., Ltd. was registered in Bangkok, Thailand, marking the first step in Jiaxing's foreign investment.

Since then, the pace of foreign investment has not stopped.

The relevant officials of the Municipal Bureau of foreign trade and economic cooperation said that in the last century, limited to the level of economic development and historical conditions, the overseas investment of our enterprises was relatively slow and the scale of overseas investment was relatively small.

From 1987 to early 2003, the total number of overseas enterprises (Institutions) approved by our city was less than 70, with a total investment of only 2000 US dollars.

But in 2003, there was an inflection point in overseas investment in our city, and the pace of "going out" accelerated significantly.

According to statistics, since 2003, the newly approved overseas investment enterprises (Institutions) have reached 146, accounting for 68% of the total investment in the past year, with a total investment of 115 million US dollars, accounting for 80% of the total.

The quality of overseas investment also increased significantly. In 2005, the average investment of the project was 370 thousand US dollars per year, compared to 930 thousand US dollars in 2006, and 2 million 410 thousand US dollars in 2007.

The increasing diversification of foreign investment

In the initial stage, the overseas investment of Jiaxing enterprises has a strong planned economy color, with a single investment type and small scale, mainly based on trading companies and offices.

From the end of 1987 to the end of 85, overseas investment in Jiaxing was concentrated in the United States, Japan, Russia, Hongkong and other places, basically established by trade enterprises (Institutions), with a total investment of 21, with a total investment of less than 3 million US dollars.

Today, with the simplification of approval procedures for overseas investment, the liberalization of overseas investment and purchase of foreign exchange and the implementation of the strategy of "going out" by the government, policy support has been made, and overseas investment of Jiaxing enterprises has made considerable progress.

From the establishment of trade establishments to the investment of productive enterprises, from the development of resource projects to the construction of agricultural projects, from the investment of state-owned enterprises to private enterprises and foreign enterprises, the overseas investment of Jiaxing enterprises is increasingly diversified.

Zhang Jun, deputy director of the Municipal Bureau of foreign trade and economic cooperation, said that the diversification of overseas investment has greatly promoted the export trade of our city.

Last year, enterprises overseas investment agencies drove the city's exports 530 million US dollars, an increase of 36% over the same period last year.

In turn, strong export trade has provided strong support for our enterprises to further "go out".

Enterprises need to "go out"

"From the enterprise point of view," going out "is the need for development and an inherent law of economic operation.

The relevant people of the Municipal Bureau of foreign trade and economic cooperation believe that capital flows are for profit, and investment cost and market potential must be considered.

On the one hand, with the improvement of economic development level, the tension of resources and the increase of international trade friction, the operating costs of enterprises are increasing day by day; on the other hand, with the growth of enterprise strength, it is necessary to enhance competitiveness and seek greater market.

Zhang Jun said that different types of enterprises can expand overseas sales channels through overseas investment, improve their competitiveness in the international market division of labor, second, avoid trade barriers, use WTO rules to circumvent anti-dumping sanctions, and thirdly, in smooth channels and reduce procurement, they can ensure the stability of raw material supply channels, especially labor-intensive enterprises. Overseas investment can effectively reduce costs and resolve the constraints of resource bottlenecks.

Carson group told reporters that at the beginning of this year, Haining's Poplar leather decided to invest 9 million US dollars in advance, and set up "sunshine Agriculture Co., Ltd." in Brazil, operating and engaging in soybean, tobacco and tree planting industry in the form of farms. This is the need for strategic development of enterprises. First, in order to alleviate the shortage of land resources in Haining and reduce production costs, the two is to reduce intermediate trade links, promote the pace of internationalization of enterprises, and expand the international market.