General

The "Several Policies and Measures for Promoting the Overall Improvement of Economic Operation First" issued by Jiangsu Province recently made it clear that it should promote the stability and quality of foreign trade and foreign investment from four aspects. How to promote the detailed implementation of policies? What do enterprises think, need and expect?

The desire to "go out" to expand the market is urgent

"Several policies and measures" pointed out that in the aspect of stabilizing foreign trade, we will work together to expand the market and stabilize the operation, and the provincial commercial development fund will arrange 700 million yuan to support the work of stabilizing and improving the quality of foreign trade. Carry out the action of "one million exhibitions and ten thousand enterprises expand the market", support enterprises to participate in more than 100 overseas and offline key exhibitions, grab orders, stabilize share, and give no more than 80% subsidy to booth fees.

"The new policy encourages going out to expand the market, which is exactly what we want," said Qian Youwen, general manager of the International Trade Division of Jiangsu Sumida Complete Equipment Engineering Co., Ltd.

In the first three quarters of last year, Sumida Co., Ltd. achieved a total international trade export of 4.34 billion US dollars, and the export of second-hand cars became one of the highlights of its foreign trade business. "The used cars we export are mainly new energy vehicles, accounting for 60% of the total. The main export directions are the Middle East, Central Asia, Southeast Asia and Africa." Qian Youwen said that he would speed up the pace of going out, go deep into the market, get close to customers, grasp the demand, increase the development of new customers in overseas markets, catch the latest trends and demand in the market, and create a new increment in the international trade export business of used cars.

In Jidan Biotechnology Co., Ltd., located in Liuhe District, Nanjing City, a large tent was set up in the open space behind the factory building. "The warehouse can't put it down. The goods to be delivered can only be piled here first," the staff said. "We held a special meeting yesterday to study the 42 new policies, and also went to the municipal government affairs center for consultation. Not only foreign trade, but also some trade and trade policies are the focus of our company." General Manager Su Enben said that the company's overseas market business covers 119 countries and regions, and will continue to develop new markets.

"A number of policies and measures" proposed to give full play to the positive role of export credit insurance and "Jiangsu Trade Loan" to help enterprises stabilize their operations. Relevant people from the Provincial Department of Commerce said that the launch of the export credit guarantee platform for small and micro enterprises and the "Jiangsu Trade Loan" were the pioneering work of Jiangsu Province. In 2022, the policy of the unified guarantee platform for small and micro enterprises in Jiangsu Province served more than 10000 small and micro enterprises, and the average loan interest rate of the "Jiangsu Trade Loan" dropped to about 3.86%. In 2023, we will continue to arrange funds for export credit insurance premium support, continue to implement the unified insurance policy of small and micro platforms, continue to promote the expansion of export credit insurance coverage and reduce the cost, further expand the underwriting scale and coverage, and reduce the short-term insurance premium rate and credit cost; Effectively play the role of "Jiangsu Trade Loan", help foreign trade enterprises improve their financing capacity, fully expand the market and stabilize operation.

Full of confidence in continuing to invest in Jiangsu

In 2022, in the face of multiple unexpected factors at home and abroad, the actual scale of foreign capital utilization in the province will continue to be the first in the country.

"In the past year, Honeywell has continued to strengthen its investment layout in Jiangsu, and worked with many partners in Jiangsu to jointly promote the implementation of sustainable solutions to help more local customers achieve low-carbon transformation." Liu Maoshu, vice president of Honeywell Specialty Materials and Technology Group and general manager of Asia-Pacific region, said that the next step is to have investment plans in many fields, such as energy transformation, A large sustainable aviation fuel production base will be built in Lianyungang to further expand domestic sustainable aviation fuel production capacity. "We expect that Jiangsu will continue to increase its high-level opening-up efforts, create a good business environment, and create more opportunities for foreign companies to develop."

Meinde (China) Electronics Co., Ltd. is mainly engaged in the production of automobile cable components. At present, it has started the second phase of the project in the Sino-Germany (Changzhou) Innovation Industrial Park, and plans to build 10000 square meters of plant. "Changzhou is one of the centers of supply chain, high-tech and digital science and technology innovation, as well as the gathering place of German enterprises' investment and innovative business models. We are full of confidence in our business in China," said Huang Jinpeng, the general manager of the company.

"Several policies and measures" proposed to sort out 100 provincial key foreign investment projects that are in line with the high-quality development orientation and have a strong leading and leading role, so as to promote the acceleration of construction, production and effectiveness. Actively invite foreign executives to come to Jiangsu for investment negotiations and provide more work convenience.

Against the background of shrinking international trade and sharp decline in international investment, foreign investment still favors Suzhou, increases Suzhou and deepens Suzhou. In 2022, Suzhou completed the actual use of foreign capital of 7.42 billion US dollars, an increase of 35.9% year on year, and the scale has always remained the top in the country and the first in the province. Panasonic Electric is deeply involved in the development of Suzhou, integrating the resources of various business departments, and transforming and upgrading from production to "production+headquarters". Siemens upgraded its Suzhou company to the headquarters in East Asia. Bosch continued to increase capital and expand production in Suzhou, transforming from a simple production base to "production+R&D". Youda Optoelectronics helps Suzhou build new display industrial chain and supply chain innovation clusters.

Implement the policy on "detailed measures"

How to implement the new policy in detail? All localities and departments are making great efforts.

At 0:00 on January 30, Wuxi's overseas investment promotion team set off again. This is the first overseas investment promotion group launched by the city after the Spring Festival. It will carry out investment promotion activities in 10 cities in 3 countries in 10 days. The visit will also promote the landing of three innovation centers, namely Wuxi National Software Park (Belgium) Innovation Center, Wuxi National Software Park (Germany) Innovation Center, and Wuxi International Life Science Innovation Park - Inspiration Belgium Joint Innovation Center.

Nanjing, Suzhou, Yancheng and other places have also issued landing rules. In terms of fully supporting enterprises to develop the international trade market, Nanjing encourages all districts and development zones to actively carry out overseas investment attraction, and provides support to foreign trade enterprises in the proportion of no more than 50% of the entry-exit air ticket costs incurred in business activities such as attending exhibitions, visiting and negotiating abroad. In the foreign trade and foreign investment sector, a series of policies in Suzhou are more detailed and more distinctive. For example, invite more senior executives from the headquarters of multinational companies to visit and negotiate, and provide a green channel for foreign high-level talents and key project foreign executives to apply for residence in Suzhou; We will do a good job in the exchange activities between Suzhou and multinational companies, and actively attract well-known overseas universities, research and development institutions, and multinational companies to set up global or regional research and development centers in Suzhou.

To promote the stability and quality of foreign trade and foreign investment, a series of "detailed measures" will be implemented this year. In terms of foreign trade, we should cultivate new growth points of foreign trade and give full play to the supporting role of exports in the economy. Vigorously carry out a series of trade promotion activities of "Jiangsu Premium · Smooth Global", and focus on supporting enterprises to participate in 206 overseas offline exhibitions, helping enterprises expand the market and maintain orders. We will deepen the construction of 81 national and provincial foreign trade transformation and upgrading bases. We will implement the promotion of new forms of foreign trade and deepen the construction of 13 national cross-border e-commerce pilot zones.

In terms of foreign capital, we should focus on stabilizing the chain and strengthening the chain, and make greater efforts to attract and utilize foreign capital. We will carry out "going out" investment promotion and try our best to stabilize foreign investment in manufacturing industry. We will continue to implement the three-year action plan of foreign capital to supplement and expand the chain and encourage foreign enterprises to reinvest profits, steadily improve the rootedness of foreign capital in manufacturing, and ensure the stable operation of key production links and warehousing and logistics international trading enterprises.