Luohe Litong Hydraulic Technology Co., Ltd., located in Luohe Economic Development Zone, Henan Province, is a high-quality rubber hose manufacturing and service enterprise. Since 2021, Litong technology has strengthened the iterative upgrading of hydraulic hose products and established a brand cluster represented by “helmsman” to inject new vitality into China’s fluid technology industry.
“Through new products and brand creation, the annual export of our hydraulic hose in 2021 was about 160 million yuan, an increase of 60%.” Zhao Hongliang, chairman of Litong technology, said: “products are famous not only in China, but also in the world. I think we should develop in terms of scientific and technological content and innovative technology.”
The breakthrough in the export scale of Litong technology is not an example. Since 2021, Luohe City has focused on leading enterprises and guided key industries and enterprises to continuously expand the scale of import and export. In 2021, Luohe City’s foreign trade import and export reached 5.92 billion yuan, 128.6% of the target, and exceeded the annual target two months ahead of schedule, with a year-on-year increase of 32.6%. Among them, the export was 4.09 billion yuan, a year-on-year increase of 18.4%; The import was 1.83 billion yuan, a year-on-year increase of 81%, ranking the fifth in the province.
This is a brilliant achievement. According to Hu Xinbao, vice chairman of Luohe CPPCC, Secretary of the Party group and director of Luohe Municipal Bureau of Commerce, since 2021, Luohe has earnestly implemented the “service officer” system of foreign trade enterprises, made good use of various policies, strengthened the main body of foreign trade, actively developed new business forms, paid equal attention to the development of large, medium and small enterprises, and deeply promoted the high-quality development of foreign trade.
Focus on leading enterprises and build a solid foundation for foreign trade. It is understood that Luohe City Guides key industries and enterprises to continuously expand the scale of import and export. In the first 11 months of 2021, the export of hair products in Luohe City was 2.167 billion yuan, accounting for 57.6%, an increase of 17.3%; Through industrial upgrading, Shuanghui’s annual import and export was about 1.5 billion yuan, an increase of 68%; Nuocheng industry, a major exporter of hair products, carries out processing trade, imports raw materials, tries to protect customers and market players, and boost the diversified development of trade modes.
Focus on fine services and help improve the foreign trade environment. Luohe has established a pairing mechanism between key foreign trade enterprises and service officers, successively organized several Wuxi Online Offline Communication Information Technology Co.Ltd(300959) trainings on RCEP, foreign trade policy and export credit insurance, and guided 16 enterprises such as aohang machinery, Yuanlong biotechnology and Yikang industry and trade to enjoy “credit insurance loan” financing, credit revolving fund and small and micro enterprise development fund support of more than 100 million yuan respectively.
Focus on the extension of the platform and promote the vitality of the foreign trade market. Luohe City organized a number of enterprises to participate in Wuxi Online Offline Communication Information Technology Co.Ltd(300959) domestic and overseas exhibitions such as China International Fair, Canton Fair and Consumer Fair, so as to promote enterprises to grasp orders and promote cooperation. Actively guide Shuanghui to participate in the Expo and explore diversified markets. During the fourth session of the fair, the import transaction intention in Luohe museum was US $114.9 million, ranking third among the 33 trading sub groups in the province and second among the 18 provincial cities, an increase of 22.6% over the third session of the fair.
Focus on policy support and implement foreign trade assistance. Luohe City has implemented the relevant policies of the central government, provinces and cities on supporting the development of foreign trade enterprises, and organized 14 enterprises to apply for supporting small and medium-sized foreign trade enterprises to develop markets and export credit insurance projects, with a fund of about 546100 yuan; 59 enterprises are encouraged to take out export credit insurance, including 52 small and micro enterprises, with an insurance coverage rate of 50.5%, ranking first in the province.
Focus on new industries and cultivate more foreign trade subjects. Luohe City has guided 105 enterprises to join Alibaba international station and actively carried out cross-border e-commerce B2B export. The cross-border e-commerce enterprises represented by Aoyuan electromechanical have achieved rapid development. At present, the annual Wuxi Online Offline Communication Information Technology Co.Ltd(300959) export of Aoyuan electromechanical exceeds 30 million yuan. In 2021, it has driven the incubation of a number of cross-border E-commerce enterprises to achieve zero export breakthrough.
“The global economic situation is still grim and complex, and enterprises are facing more difficulties and uncertainties.” Hu Xinbao said that next, Luohe City will continue to promote trade facilitation around the key work of strengthening policies, protecting subjects, expanding markets and focusing on cultivation, make every effort to stabilize leading enterprises, accurately serve key enterprises, strive to keep small and micro enterprises, excavate and cultivate a number of new growth points, introduce and cultivate new trade subjects, and promote more enterprises to the international market. (Yang Xiaohui, Shi Jing)
