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HomeLatestEconomic Watch: North China's delivery hub witnesses robust commerce restoration

Economic Watch: North China's delivery hub witnesses robust commerce restoration

TIANJIN, Aug. 1 (Xinhua) — Smart transportation machines shuttle forwards and backwards between chilly storage cabinets at minus 20 levels Celsius in an industrial park in north China’s Tianjin Municipality, pinpointing imported meat merchandise to be delivered to areas throughout China.

Since its operations started on June 26, the economic park has been receiving every day imports of frozen meat merchandise from international locations similar to Spain, Australia and Brazil. The merchandise are then sorted and shipped throughout the nation to fill orders.

“Three smart cold storage units have been put into use in this first phase. There is an inventory of about 15,000 tonnes now, and the utilization rate is more than 50 percent,” stated Li Chuang, common supervisor of the Tianjin Park of Universal Cold Zhilian Technology (Tianjin) Co., Ltd., affiliated with the Optima Integration Group (OIG) and specializing in importing frozen merchandise.

To fulfill Chinese shoppers’ rising demand for diversified and high-quality meat merchandise, the corporate this yr expanded its classes of imported meat merchandise, Li stated.

“The cost and time of customs clearance have been reduced, and the goods turnover efficiency is faster,” stated Feng Guan, vice director of the OIG Institute.

As the core worldwide delivery space in northern China, Tianjin is accelerating its constructing right into a world-class port metropolis.

In the primary half of 2023, Tianjin Port noticed its cargo throughput attain 241 million tonnes, up 2.1 % yr on yr. The port dealt with over 11.35 million twenty-foot equal items of containers throughout the interval, up 8 % yr on yr and setting a brand new report, in response to the Tianjin Port (Group) Co., Ltd.

A cross-border commerce companies firm primarily based in Tianjin lately imported a batch of magnificence cosmetics from Europe and the United States.

“Our number of brands increased by 20 percent year on year. By expanding our e-commerce sales channels, our sales continue to improve,” stated Zhang Yihai, the corporate’s chairman.

“In the first half, I went to Japan and the Republic of Korea (ROK) and entered agreements with various enterprises in fields such as cosmetics. The amount would total tens of millions of yuan,” Zhang stated, including that he plans to develop the corporate’s enterprise alternatives in rising cross-border e-commerce markets like Indonesia and Malaysia.

Zhang lately welcomed a dozen abroad enterprise teams to Tianjin. “China’s huge consumption market attracts many foreign companies to seek new opportunities here. My partners have full confidence in trade and investment cooperation with China,” Zhang stated.

According to China’s General Administration of Customs, cross-border e-commerce overseas commerce totaled 1.1 trillion yuan (about 154.3 billion U.S. {dollars}) within the first six months, up 16 % yr on yr.

“Cross-border e-commerce has become an indispensable way for China to carry out foreign trade, which helps enterprises to smooth their channels and conduct global trade more efficiently,” stated Zhang Yansheng, chief researcher on the China Center for International Economic Exchanges.

China has additionally launched various insurance policies and measures to easy import and export logistics, facilitate cross-border commerce, and innovate within the improvement of overseas commerce.

The Europe-based Louis Dreyfus Company is a beneficiary of those insurance policies and has factories in varied areas in China, together with Tianjin and Guangdong.

China’s financial vitality has regularly recovered and commerce facilitation has been bettering, and people two issues collectively have a direct impression on multinational teams conducting enterprise in China, stated Sun Yonghua, head of company affairs, North Asia, at Louis Dreyfus Company.

In the primary half, the corporate’s oilseed processing in China was larger than it was in the identical interval final yr, assembly the wants of a broader market, Sun stated.

Data exhibits that China’s overseas commerce maintained regular development within the first half, with whole imports and exports of products exceeding 20 trillion yuan, up 2.1 % yr on yr.

ITM (Tianjin) Mechanic Equipment Co., Ltd. has been engaged within the manufacturing and sale of water therapy gear and associated equipment in Tianjin since 2002. It lately obtained a brand new order from a Polish buyer, and the sale is anticipated to usher in about 100 million yuan, in response to the corporate’s president Shin Eun Shik, who hails from the ROK.

“China continues to expand its imports of high-quality consumer goods. And in addition to exports of labor-intensive, mechanical and electrical products, China is bringing more new products to the world — electric manned vehicles, lithium batteries and solar cells — to meet the needs of more people and enlarge its trade volume, which helps promote global economic recovery,” in response to Zhang Yansheng.

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