The joint construction of the “Belt and Road” is advanced in depth, and the dividends of SCO regional cooperation continue to be released.
As a well-known commercial and logistics capital in the country and a regional opening-up hub, Linyi actively benchmarks the development layout of the SCO, deeply integrates into the regional cooperation system, and continues to deepen economic and trade exchanges with member states.
Since the beginning of this year, the city’s foreign trade business with SCO countries has shown a good trend of both quantity and quality, structural optimization, and market expansion. SCO economic and trade cooperation has become the city’s core growth pole for stabilizing foreign trade, expanding opening up, and promoting transformation, accumulating strong export-oriented development momentum for Linyi to sprint towards a trillion GDP and build a provincial sub-central city.
The growth rate of foreign trade exports leads the market, and the strength of hard-core industries continues to polish the golden sign of “Made in Linyi”.
In the first four months of this year, the city’s exports to SCO countries were 3.08 billion yuan, a year-on-year increase of 15.4%. The growth rate was 21.7 percentage points higher than the city’s overall exports. The output of export-oriented industries is strong.
Relying on the advantages of a complete industrial system, the city’s export categories have made breakthroughs in many areas and performed well. Among them, the export of furniture and parts surged by 345.7%, and the export of agricultural products, glass and their products increased by 70.3% and 68.1% respectively. The explosive growth fully demonstrated the overseas competitiveness of Linyi’s characteristic industries.
Many local manufacturing companies and Linyi Mall merchants have taken the initiative to seize market opportunities in the SCO, teamed up to expand overseas channels, grab orders, and expand share. They have continued to expand overseas market territory with diversified, high-quality, and adapted product supplies, allowing the recognition and influence of “Made in Linyi” in the SCO region to continue to rise.
Two-way trade is mutually beneficial, supply and demand are complementary, the import structure continues to iteratively upgrade, and local industrial chains are accurately empowered to improve quality and efficiency.
High-quality production raw materials such as Russian birch, Indian iron ore, and Pakistani copper ingots are steadily imported into Linyi, laying a solid foundation for the iterative upgrading of Linyi’s key industrial clusters.
The market layout continues to be optimized and improved, and Linyi’s foreign trade has stabilized its base, expanded new markets, and increased vitality.
The city has always adhered to the development idea of stabilizing the traditional basic market and exploring new growth poles, continued to deepen the SCO economic and trade blue ocean, and continuously broadened the territory of openness to the whole region.
India, Russia, and Kazakhstan are the core markets for Linyi’s trade with the SCO. In the first four months, the trade volume of the three places accounted for 41.4%, 24.4%, and 11.9% of the city’s total trade with the SCO respectively, which has firmly supported the city’s basic foreign trade with the SCO.
At the same time, the potential of emerging markets in Central Asia is accelerating, and the city’s economic and trade exchanges with Pakistan, Kyrgyzstan, and Tajikistan continue to rise, with imports and exports to Kyrgyzstan doubling.
The traditional market has a solid foundation and the emerging market has strong growth. The steady progress and two-way development fully demonstrate the strong resilience of Linyi’s foreign trade against external fluctuations and continue to extend the depth of Linyi Mall’s opening up to connect Europe and Asia and radiate the Shanghai Cooperation Organization.
Policy dividends are combined with channel advantages, and multi-dimensional cooperation activates new potential for high-quality development of Linyi’s foreign trade.
Relying on the support of multiple policies such as the Shandong “Belt and Road” Comprehensive Pilot Zone and the implementation of RCEP, Linyi is fully embedded in the Eurasian economic and trade cooperation network, and its openness level continues to rise.
The city accurately seized the opportunity of India’s policy of full tariff exemption for 40 categories of industrial raw materials, promoted the export of plastic products to India to increase by 89.8% year-on-year, and realized the efficient transformation of policy dividends.
Relying on the advantages of the regular operation of China-Europe freight trains, Linyi has successfully built a two-way circular golden logistics channel for “industrial products going overseas and raw materials entering the country”, and the efficiency of internal and external trade circulation continues to improve.
Through regular activities such as “Shopping Malls Going Overseas” and special economic and trade docking events, the city’s hardware, building materials, light industry and other local high-quality products accurately meet the procurement needs of Central Asian countries. Governments and enterprises work together to develop overseas markets, stabilize foreign trade orders, optimize the business ecosystem, and continue to consolidate the foundation for high-quality development of opening up to the outside world.
The advantages of the hub are combined with exquisite services to comprehensively escort foreign trade enterprises on their voyages.
Relying on the country’s leading cross-border transportation capabilities, Linyi’s land logistics hub city continues to polish its business card and has become a key transportation support for the city to connect with the SCO market.
In the first four months of this year, the city’s import and export to SCO countries through land channels was 690 million yuan, a year-on-year increase of 47.8%, and land trade accounted for more than 20%.
Relying on the China-Europe trains to connect the road and railway multimodal transport network, Linyi’s logistics timeliness and cost advantages continue to be highlighted, and are steadily transformed into core competitive advantages in foreign trade.
While the hardware channel continues to be smooth, Linyi Customs continues to deepen the reform of customs clearance facilitation, streamlines the approval process, shortens the customs clearance time limit, regularly enters the enterprise to carry out policy propaganda and targeted assistance, and targets to solve difficult problems such as corporate customs declaration, tax refund, and customs clearance. It provides refined, professional, and heart-warming government services to escort the city’s foreign trade enterprises to make steady progress and make strides overseas.
Opening up is surging, and it’s time to make progress.
From the export of single products to the formation of industrial groups to go overseas, from one-way trade to two-way supply and demand cycles, Linyi fully relies on the superimposed advantages of commerce, industry, and logistics, and leverages the SCO platform to continue to expand high-level opening paths to the outside world.
Based on a new starting point for development, the city will continue to seize the multiple strategic opportunities of the “Belt and Road Initiative”, SCO regional cooperation, and RCEP, deeply explore the vast markets of SCO member states, continue to optimize trade structure, expand trade scale, and improve the quality and efficiency of opening up.
Using a high level of opening up to activate the vitality of the real economy and leverage the transformation and upgrading of the industrial chain will continue to help Linyi sprint towards a trillion GDP, create a new highland for the province’s opening up, and build a provincial sub-central city to gather a steady stream of export-oriented development momentum.
