General

In order to assist foreign-funded foreign trade enterprises in their jurisdiction to enhance their competitiveness in the international trade market, enjoy convenient customs clearance, and enhance their level of openness to the outside world, the Zhenjiang High tech Zone Commerce Bureau recently invited Fang Zhi, Deputy Director of Zhenjiang Customs, and a delegation to Danfoss Power System (Jiangsu) Co., Ltd. for AEO advanced certification business guidance.

Enterprises that have obtained AEO advanced certification are equivalent to obtaining a "VIP identity" in international trade. These types of enterprises can enjoy a series of convenient customs clearance management measures such as a 20% lower inspection rate than conventional enterprises, priority laboratory testing, enterprise self inspection recognition mode, and independent declaration of origin. They can also enjoy the development dividends released by "integrity and law-abiding convenience". Qiu Longtao, R&D Director of Danfoss Power Systems (Jiangsu) Co., Ltd., stated that after the enterprise proposed the demand for customs AEO advanced certification, the Commerce Bureau of the High tech Zone solved the difficulties and urgent needs of the enterprise. "In just a few days, we contacted the customs regulatory department to provide on-site guidance to the company, allowing us to once again truly feel the high efficiency and quality of the High tech Zone's' service to the enterprise is embarrassing '

Since the physical operation, Zhenjiang High tech Zone has placed the development of open economy at an important position in economic construction. Its development strategy highlights project attraction and foreign trade. The export-oriented economy has flourished and become more dynamic.

In terms of foreign trade, since its physical operation, the import and export volume of international trade in the high-tech zone has achieved continuous growth, increasing from 280 million US dollars to 950 million US dollars. The scale has risen from 8th to 5th in the city, and its proportion in the city has increased from 2.6% to 6.1%. From the perspective of enterprise nature, the number of foreign-funded enterprises accounts for 23%, while the number of private enterprises accounts for 75%; From a product perspective, it mainly includes ships and components, semiconductor chips, electromechanical products, etc; From the regional perspective, the main export regions are ASEAN, the United States, the European Union and Japan, and the main import regions are South Korea, the European Union, Japan, Taiwan, China and the United States. The number of import and export performance units in the entire region has increased from 45 in 2017 to 79 in 2022, with top 10 enterprises such as Sijia Testing, Zhenjiang Shipyard, and Meijia Motor accounting for about 85% of the total import and export scale in the region. Among the top 90 import and export enterprises in the city in 2022, 5 high-tech zones were shortlisted, among which Sijia ranked third in the city in terms of testing.

In terms of utilizing foreign investment, in recent years, the actual scale of foreign investment utilization in high-tech zones has made new breakthroughs, from $7.57 million in 2017 to $37.85 million in 2022, an increase of 400%. 27 new foreign enterprises were established, with a total investment of 960 million US dollars and a contract utilization of 200 million US dollars in foreign investment. Key foreign enterprises such as Trailer Group, Xinshida, Yingpu Fluid, and China Canada Science and Technology Industrial Park were successfully introduced Four foreign-funded projects, including Xinshida Image Processing Chip, Runtai PD Protocol Chip, and Yingpu Hydraulic, have respectively won the Zhenjiang Project Attraction Award (Major Industrial Project Attraction Award) in 2019, 2020, 2021, and 2022. At present, there are a total of 19 foreign-funded enterprises in the area, including 15 industrial enterprises, 2 wholesale and retail enterprises, and 2 service enterprises. Key established foreign-funded enterprises such as Danfoss Power Systems (Jiangsu) Co., Ltd. and Kangshibo Shipbuilding Electrical (Jiangsu) Co., Ltd. have developed well and invested in implementing new projects, demonstrating the confidence of foreign investors in China and the Zhenjiang High tech Zone.

This year, in the face of challenges from all aspects, the Bureau of Commerce of Zhenjiang High tech Zone has been keeping to the principle of innovation, seeking first, focusing on the development status, development direction and trend of open economy, carrying out in-depth investigation and research at the grass-roots level, and fully serving the development of open economy.

Increase share in optimizing foreign trade structure. Strengthen the guidance of the "dual stability" policy, optimize the structure of foreign trade, expand foreign trade methods, increase business guidance and training, and guide more small and medium-sized enterprises to participate in international trade market competition; Actively organize enterprises to carry out cross-border e-commerce online docking activities, participate in various exhibitions such as the Canton Fair and the China International Import and Export Fair, guide enterprises to carry out self operated import and export business, strive to achieve the contribution of enterprises in the development of data retention in the district, fully expand the total foreign trade volume, increase the proportion share, and ensure that the growth rate remains leading in the city.

Utilize foreign investment to stabilize the overall output and improve quality. Strengthen the attractiveness of foreign investment projects, carefully plan and participate in various investment promotion activities, fully leverage the role of institutions such as the Foreign Affairs Office, Taiwan Affairs Office, and the China Council for the Promotion of International Trade, vigorously promote various investment models such as "business investment", "door-to-door investment", "intermediary investment", and "small team investment", and accelerate the progress of project construction around signed foreign investment projects to ensure that enterprises are completed and put into operation as soon as possible; Continuously expand the total amount of foreign capital utilized by the manufacturing industry, and improve the contribution rate to fixed assets investment in the region; Continuously coordinate and solve the problems existing in the construction and development of foreign-invested enterprises, strive to ensure that things do not stay overnight, continuously amplify the concept and purpose of "serving enterprises with embarrassment", and fully promote the arrival of foreign investment; Carefully review foreign investment projects and data, strengthen communication with superiors, create conditions for smooth project progress and timely arrival of foreign investment, continuously improve the quality of foreign investment utilization, and ensure that the total amount of foreign investment utilization is stable and timely.

Seeking breakthroughs in external investment to promote growth. Support enterprises to develop abroad, guide powerful and advantageous enterprises to "go global", participate in cooperative development of overseas resource projects in multiple aspects, carry out international technological information and talent exchange, and extend and enhance the value chain of enterprises. Assist enterprises in actively exploring international and domestic markets, and on the basis of stabilizing existing markets, vigorously expand into emerging markets such as Eastern Europe, the Middle East, South America, and Africa. Encourage enterprises to join forces to participate in national foreign aid project bidding, expand the international engineering contracting market, and drive the export of equipment, technology, services, and labor services in our region.

In 2023, the Commerce Bureau of Zhenjiang High tech Zone will increase its efforts in enterprise research and visits, deepen understanding of enterprise investment and development plans, fully solve the problems existing in enterprise development, optimize service methods and quality, continuously promote local central enterprises, foreign enterprises, and private enterprises to increase investment in Zhenjiang High tech Zone, and gradually build the High tech Zone into a first-class high-tech industry development zone for business environment.