Foreign trade recovery seen in Pearl River Delta
May 26, 2014 Category Foreign trade, Weekly
The foreign trade climate index of small and medium-sized exporters in the Pearl River Delta surpassed the satisfaction threshold for the first time this year in April, indicating a recovery in trade. The index, which reflects exporters’ confidence in shipping products overseas, was above the satisfaction threshold at 101.7 in April, according to the report by Shenzhen Onetouch Business Service Co, a subsidiary of alibaba.com. The company, which provides Chinese exporters with online services, including customs clearance, trade financing, foreign exchange and logistics, releases the trade report each month. New orders, real export cargo volume and the capacity utilization rate in the Delta region, one of the major manufacturing and trade bases in China, were on the upswing in April. But 2,000 small and medium-sized exporters surveyed in the Delta region reported an export value increase of only 0.87% year-on-year in April, indicating a weak recovery, according to the report. According to the Guangdong customs, the trade value of Guangdong, which accounts for about one-fourth of the country’s total trade, was down 18.7% year-on-year in April. To encourage Chinese suppliers to use the company’s online export services, Shenzhen Onetouch announced last week that it would pay manufacturers and suppliers up to CNY0.03 for every USD1 in value of export transactions handled through its service.
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