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15 July 2015

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Hunan Takes Measures to Keep Foreign Trade Stable

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The plenary session of the CPC Hunan Provincial Committee stressed smooth flow of international freight transportation, and normal operation of foreign trade industries, so as to keep the foreign trade and investment stable. As of now, Hunan’s key foreign trade enterprises have fully resumed operation. In the first two months of this year, the total import and export value was 47.254 billion CNY.

The photos above, taken at the CRRC Logistics Park, show several containers of vehicle axles to be delivered to Germany through Hunan-Europe Express Line.

The axis has a surface roughness of 0.3 micrometer, which can sustain 10 million drives based on European driving detections.

The Yiyang Hongyuan Rare Earth Co., Ltd. sees an estimated export value of 538 tons in the first quarter, worth 1.1 million USD. Its cerous carbonate products are mainly exported to U.S.A, Japan, and South Korea. The annual export volume is estimated to grow by 10%.

Hunan has rolled out a series of measures to keep stable foreign trade amid the epidemic. Local departments of commerce, customs, finance, tax, and credit insurance have carried out measures to improve port business environment, enhance tax, finance, and credit insurance supports, facilitate cross-border trade, and keep foreign trade stable.

Zhou Yue, deputy director of the Hunan Department of Commerce, noted that, all-out measures will be taken to help enterprises to win orders, grasp market opportunities, and explore emerging markets.

This article is from Hunan Provincial Government.

Translator: Pang Yuehui

Chinese source: