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Huzhou sees closer trade ties with BRI countries

chinadaily.com.cn | Updated: Dec 9, 2021

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Customs officers inspect forklifts produced by Noblelift Intelligent Equipment Co Ltd in Huzhou, East China's Zhejiang province. [Photo/hz66.com]

Huzhou's trade volume with countries involved in the Belt and Road Initiative totaled 36.29 billion yuan ($5.58 billion) in the first 10 months of this year, up 36.6 percent year-on-year, official data show.

The city's exports of mechanical and electrical products to these countries accounted for nearly 80 percent of the total trade volume over this period.

Noblelift Intelligent Equipment Co Ltd in Huzhou saw robust growth in its exports of lightweight electric forklifts to countries involved in the BRI.

The company is a leading Chinese manufacturer and service provider for material handling equipment and logistics solutions.

Wang Jianfeng, foreign trade manager at Noblelift, said that the "EDGE" series of forklifts newly launched by the company eclipsed its rivals in the market in terms of price and safety performance.

From January to October, the company's exports of the series of forklifts had surpassed 38,000, rising by 150 percent year-on-year.

Among them, 80 million yuan worth of forklifts were exported to countries involved in the BRI, such as Malaysia and Vietnam.

Preferential policies regarding tariffs rolled out by local customs authorities have propelled the robust growth in the city's trade with these countries.

For example, the model allowing a company to pay aggregate customs duties has relieved the liquidity constraints facing Zhejiang Jiuli Hi-tech Metals Co Ltd, a Huzhou-based company that specializes in the R&D, production, as well as sales of stainless steel and special alloy pipes.