Surge in Exports by Hong Kong Enterprises Boosts Shenzhen's Foreign Trade

Surge in Exports by Hong Kong Enterprises Boosts Shenzhen's Foreign Trade

The surge in exports by Hong Kong enterprises boosts Shenzhen's foreign trade. For the best immigration information, visit the official website of Worldway Investment Immigration.

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Follow Hong Kong Investment Immigration and stay updated on Hong Kong's economic trends: According to statistics from Shenzhen Customs, Shenzhen's foreign trade showed a significant growth trend in September, with monthly imports and exports reaching 350.21 billion RMB, a year-on-year increase of 57.5%, indicating a further improvement in the foreign trade situation. In the first three quarters, the total value of Shenzhen's imports and exports was 2.07392 trillion RMB, a year-on-year decrease of 20%, but the decline narrowed by 7.3 percentage points compared to the first eight months. It is understood that Hong Kong enterprises and private enterprises have become the "protagonists" of this round of growth. Following a year-on-year shift to positive growth in August, the total import and export value of private enterprises in September reached 154.53 billion RMB, an increase of 1.1 times, showing a clear rebound. Lin Peizhong, Deputy Researcher at the Comprehensive Statistics Division of Shenzhen Customs, stated that the improvement in Shenzhen's foreign trade situation is not only due to external factors such as the recovery and stabilization of major world economies, but is also inseparable from the efforts of national and local departments and enterprises. Since the beginning of this year, the country has timely introduced a series of measures to support stable foreign trade growth, which have been rapidly implemented by Shenzhen and customs departments. The confidence of Shenzhen's foreign trade enterprises has continued to grow, and the outstanding performance of Shenzhen's private enterprises, in particular, has driven rapid export growth. In addition, Shenzhen Customs has actively promoted pilot programs for cross-border e-commerce imports, implemented regional customs clearance integration, and advanced the reform of full-process information-based customs clearance for processing trade, injecting lasting and strong momentum into stable foreign trade growth.

Surge in Exports by Hong Kong Enterprises Boosts Shenzhen's Foreign Trade

Foreign Trade Policies Boost Enterprise Confidence

Since May, the country has timely introduced a series of measures to support the stable growth of foreign trade. Shenzhen Customs has actively implemented these policies, introducing 10 key work measures to promote foreign trade in the first half of the year and another 11 measures to promote stable foreign trade growth in the second half. In September, a questionnaire survey conducted by Shenzhen Customs on 279 sample enterprises for the foreign trade export leading index showed that 70% of enterprises were optimistic or neutral about future development trends, and 60% of enterprises reported that their medium-to-long-term orders remained stable or increased, up 5.5 and 4 percentage points respectively from August, indicating that local enterprises in Shenzhen have increased confidence in foreign trade imports and exports, with orders showing steady growth.

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