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Xiamen's foreign trade is growing strongly

Xiamen's foreign trade is growing strongly

  • Author:
  • Origin:Economic Daily
  • Time of issue:2021-03-31 11:28
  • Views:

【Summary】:"At the beginning, we lacked core technology, mainly received overseas orders, processed OEM exports, and had a low profit margin." Cao Bin, general manager of Songlin technology, told the economic daily. In agency sales, Songlin technology found that its own brand has a larger profit margin. Therefore, 5.5% of its sales revenue is invested in technology research and development and product innovation every year. In 2019, the company's R & D expenditure accounted for 6.73%. The high input of R & D expenses ushers in the high output of technology and product innovation.

Xiamen's foreign trade is growing strongly

【Summary】:"At the beginning, we lacked core technology, mainly received overseas orders, processed OEM exports, and had a low profit margin." Cao Bin, general manager of Songlin technology, told the economic daily. In agency sales, Songlin technology found that its own brand has a larger profit margin. Therefore, 5.5% of its sales revenue is invested in technology research and development and product innovation every year. In 2019, the company's R & D expenditure accounted for 6.73%. The high input of R & D expenses ushers in the high output of technology and product innovation.

  • Categories:Industry News
  • Author:
  • Origin:Economic Daily
  • Time of issue:2021-03-31 11:28
  • Views:0
Information

  In the first two months of this year, Xiamen's foreign trade import and export achieved a "good start".

 

  Under the dual pressure of trade barriers and the spread of international epidemic, Songlin technology has achieved rapid growth of export trade in recent two years by relying on technology research and development and product innovation.

 

  "At the beginning, we lacked core technology, mainly received overseas orders, processed OEM exports, and had a low profit margin." Cao Bin, general manager of Songlin technology, told the economic daily. In agency sales, Songlin technology found that its own brand has a larger profit margin. Therefore, 5.5% of its sales revenue is invested in technology research and development and product innovation every year. In 2019, the company's R & D expenditure accounted for 6.73%. The high input of R & D expenses ushers in the high output of technology and product innovation.

 

 

  As one of the world's important production bases of kitchen industry, the rapid development of Xiamen kitchen industry is not only the result of supply side structural reform promoted by enterprises through scientific and technological innovation, but also the result of policy support given by foreign trade, taxation, customs, finance and other departments. In particular, with the continuous increase of R & D expense deduction, the enterprises are effectively encouraged to increase R & D investment, thus enhancing the innovation vitality.

 

  The good situation of export trade in the kitchen industry is only a miniature of Xiamen's foreign trade. From January to February this year, Xiamen's foreign trade import and export achieved a "good start": Xiamen Customs recently released data showing that the city's goods trade import and export reached 120.24 billion yuan, an increase of 33.6%. Among them, export was 60.95 billion yuan, up 41.2%; import was 59.29 billion yuan, up 26.7%.

 

  According to statistics, from January to February, the import and export of private enterprises in Xiamen reached 45.53 billion yuan, an increase of 64.9%, accounting for 37.9% of the total foreign trade value, up 3.9 percentage points from 2020. From the data, Xiamen's foreign trade showed two bright spots in the first two months. First, from the perspective of enterprise types, the total import and export value of private enterprises is the largest, with the largest growth rate and the highest proportion; second, from the perspective of product types, mechanical and electrical products and labor-intensive products are the export commodities with the highest proportion in Xiamen.

 

 

  Many foreign trade enterprises in transportation, warehousing, logistics and other aspects have also received strong support from relevant departments. TPV display technology (Xiamen) Co., Ltd. is a typical export-oriented enterprise. In 2020, TPV will increase its investment in "home economy" products represented by small-size TVs, and its orders will grow rapidly. Wang Weidi, the logistics management manager of the company's factory area, told the reporter: "when the production line is running at full capacity, the shortage of materials and the blockage of international logistics are prominent. Thanks to the help of Xiamen Customs, we have expanded 17000 square meters of off-site storage warehouses in time. Xiamen Customs also helped us reduce the guarantee fee of 100 million yuan, and supported the company to choose the export goods of China Europe train. "

 

  At present, despite the rise of foreign trade, the epidemic is still spreading overseas, and the foreign trade situation is still complex and severe. In response, Lin Zhenya, deputy director of Xiamen Municipal Bureau of Commerce, said: "recently, Xiamen printed and issued several measures to promote the development of foreign trade in Xiamen, optimizing the development of the whole chain of foreign trade by strengthening the working mechanism of stabilizing foreign trade, increasing foreign trade financing support, and supporting the construction and application of cross-border e-commerce overseas warehouses. At the same time, Xiamen has invested "real money" to support the development of cross-border e-commerce. The maximum subsidy for the construction and operation of overseas warehouses of the city's enterprises is 2 million yuan, and the maximum subsidy for the export of overseas warehouses is 300000 yuan; the foreign trade enterprises of the city use cross-border e-commerce platform to develop the international market, and the quota subsidy for a single platform is 12000 yuan. "

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