General

Foreign trade connects the international and domestic markets, serving as a "barometer" for economic development. As a major province in terms of opening up and foreign trade, Jiangsu Province has ranked second in the country in terms of import and export scale for 20 consecutive years. Doing a good job in stabilizing foreign trade is of great significance for the overall improvement of the province's economic operation. According to Huacheng Import and Export Data Observation, from January to May this year, Jiangsu's foreign trade exports reached 1.33 trillion yuan, a year-on-year increase of 1.5%. Against the backdrop of increasing uncertainty in foreign trade, it is not easy to have a smooth start. Behind this is the vivid presentation of the joint efforts of the government and enterprises to stabilize the Political base of foreign trade.

Enterprises frequently "go to sea", expand the market, stabilize orders, and provide government services to solve difficult problems and build confidence. According to Huacheng Import and Export Data Observation, this year, Jiangsu vigorously launched the "Entering the Headquarters of Multinational Companies" activity, with over 60 delegations from the province visiting key countries and regions such as Europe, America, Japan, South Korea, and Singapore for trade exchanges.

In 2023, Jiangsu Province launched the "One Hundred Exhibitions, Ten Thousand Enterprises Expand the Market Action", which supported nearly 1500 enterprises in total and participated in more than 120 overseas key exhibitions through provincial and municipal linkage. A maximum of 80% of the booth fee subsidy was given. At the same time, all 13 districts and cities have formulated market development policies at the municipal level, increasing support for the transportation of exhibits, personnel and business travel expenses for enterprises participating in overseas exhibitions, and providing staggered support at the provincial and municipal levels to better promote enterprises' development in the international trade market.

According to Huacheng Import and Export Data Observation, from January to May this year, Jiangsu's exports of "new three types" such as solar cells, lithium batteries, and new energy vehicles continued to maintain significant growth, with exports reaching 44.84 billion yuan, 39.15 billion yuan, and 3.9 billion yuan, respectively, an increase of 8%, 64.3%, and 54.1.6%.

While making every effort to stabilize the Political base of foreign trade, Jiangsu constantly optimizes the industrial structure of foreign trade and continues to promote the development of knowledge intensive, technology intensive and capital intensive trade in goods and services.

Firmly strengthen advantageous industries. Jiangsu is fully promoting the construction of industrial innovation clusters, creating an industrial chain that cannot be crushed, moved away, or dismantled. It vigorously attracts ecological leading enterprises with industrial chain control capabilities, research and development institutions and talent teams that master key core technologies, and strengthens the re investment of existing enterprises; Accelerate the improvement of the development level of key industries, encourage and support leading enterprises to become bigger and stronger, promote the deep integration of the digital economy and the real economy, and continuously strengthen layout and seize opportunities in cutting-edge fields.

As the "bridgehead" of industrial innovation, in recent years, Suzhou Industrial Park has improved the overall quality and increased the quantity, accelerated the intelligent transformation and Digital transformation of traditional manufacturing, optimized the layout of emerging industries such as biomedicine, nanotechnology, artificial intelligence, and constantly "upgraded" the industrial structure.

Located in Suzhou Industrial Park, Suzhou Huaxing Photoelectric Technology Co., Ltd. is the semiconductor display production base of TCL Group in East China. Faced with the unknown "changes" in the global economic situation, the company diligently hones its "internal skills", continues to increase research and development investment, and follows the technology update route of "high contrast, high curvature, high refresh, and fast response," three high and one fast "to strengthen its own advantages. According to Huacheng Import and Export Data Observation, in the first four months of this year, Huaxing Optoelectronics Company's output value reached 2.6 billion yuan, and its import and export business has steadily improved and continued to rise.

In recent years, Jiangsu's foreign trade imports and exports have shown many characteristics. While the trade in Wet market has grown steadily, emerging markets have also developed vigorously. According to the Huacheng Import and Export Data Observation, from January to May, Jiangsu's import and export to countries along the "the Belt and Road" was 600.65 billion yuan, up 8.9%, while its import and export to Latin America, the Middle East and Africa were 146.36 billion yuan, 93.58 billion yuan and 61.99 billion yuan, up 9.6%, 18% and 15.5% respectively.

The formation of a new pattern of foreign trade benefits from the joint efforts of government and enterprises, making every effort to tap into existing stocks and strive to find incremental growth. In recent years, Jiangsu Province has taken various measures to help enterprises explore emerging markets such as ASEAN and countries along the "the Belt and Road", and support enterprises to make full use of the RCEP policy to enhance their deep competitiveness.

Nowadays, the Jiangsu Port is bustling with the sound of the whistle and the engine of freight transportation, interweaving into a "concerto" for opening up to the outside world.