The global industry chain is changing dramatically as a result of the unprecedented changes in the past 100 years. Qingdao's foreign trade is developing in adversity and witnessed over 100 billion RMB in half a year.
Qingdao Seized the Opportunity of Foreign Trade
Covid-19 epidemic caused global concern about the health industry. Qingdao's enterprises that produce home fitness equipment seized the opportunity. In the first quarter of this year, the number of product exports increased by 200% year-on-year, and the products were exported to the United States, the United Kingdom, Germany and other places.
In the first half of this year, the city's foreign trade imports and exports reached 397.52 billion yuan and saw an increase of 39.6%, ranking first among municipalities with independent planning status.
The global manufacturing supply chain has entered ‘seller's market’, which has given Qingdao's foreign trade a window of new opportunities.
Qingdao's Foreign Trade Led the Province's Economy
Shandong plays an important role in coastal opening just as Qingdao plays a vital role in Shandong's foreign trade.
In the first half of this year, Qingdao's import and export trade accounted for nearly 29.7% of the province, and 2.2% of the country.
The city's actual use of foreign investment in the first half of the year 3.77 billion U.S. dollars, ranking first in the province. Since 2021, Qingdao has been the first in the whole province in terms of the scale of actual foreign investment used for six consecutive months.
Qingdao's Foreign Trade Results Ranked the Country's Leading Level
For Qingdao, finding its own position towards the whole country is the key to seek improvement.
Ningbo, Xiamen and Chengdu are the benchmark cities for Qingdao's foreign trade at this stage. It took only one year for Qingdao to catch up.
In the first half of 2021, Qingdao's total import and export volume overtook Chengdu, approached Xiamen and caught up with Ningbo. This achievement is not easy to come by.
Qingdao's Foreign Trade Continues to Ride the Wave
China's trade is playing a leading role in the global trade recovery, Shandong sounded the call for high-quality development of the open economy, and Qingdao also showed the second half of the foreign trade market to continue to ride the wave of confidence.
Taking advantage of its own location, Qingdao has initially formed a comprehensive logistics hub integrating five modes of transportation, including sea, land, air, rail and mail.
Winning the first half and powering the second half, Qingdao's foreign trade is like a giant ship sailing away, riding the waves and sailing out a new chapter in the course of high-quality development.
(By Fanying)
