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Xinhua Headlines: Chinese private sector seeks growth in "dual circulation" ...

2020-9-25 11:38


-- China has strengthened its commitment to establishing a development pattern of "dual circulation," in which domestic and overseas markets complement and reinforce each other, with the domestic market as the mainstay.

-- The policy made a big splash in boosting economic rebound. Retail sales of consumer goods, the main gauge of China's consumption, turned from negative growth to positive for the first time this year, with an increase of 0.5 percent year on year in August, data from the National Bureau of Statistics showed.

Photo taken on Aug. 23, 2019 shows an intelligent shirt-making workshop of Hodo Group in Wuxi, east China's Jiangsu Province. (Xinhua)

NANJING, Sept. 24 (Xinhua) -- In a packed mall run by Chinese retail giant Suning Holdings Group in downtown Nanjing, capital of east China's Jiangsu Province, Bao Xunlin finally found a desirable smartphone after carefully comparing the prices.

"The product display is rather tempting, and I've got a much better price with the vouchers," said Bao, a chef in a barbecue restaurant.

The five-story mall resumed both online and offline services on April 30, and the daily sales volume surpassed 200 million yuan (about 29.38 million U.S. dollars) on its opening day, said Ji Liping, vice manager of the mall.

Suning has been managing to buck the trend of global economic recession by digging out the potential of the domestic market, an effort echoing the country's new development pattern of "dual circulation," in which domestic and overseas markets complement and reinforce each other, with the domestic market as the mainstay.

"Our offline sales were greatly affected when the epidemic situation was severe," said Ji. "But we have adopted live streaming and community marketing to attract new customers while tapping the full potential of offline chain stores by optimizing product display and improving services."

Suning's sales volume topped 194 billion yuan in the first half of this year, of which about 134.8 billion yuan came from online sales, up 20.19 percent year on year, the company's financial data showed.

Dual circulation is seen as a strategic and win-win choice for China to reshape its international cooperation and new competitive edge, said renowned economist Justin Yifu Lin, honorary dean of the National School of Development, Peking University.

GROWTH IN CRISIS

The policy made a big splash in boosting economic rebound. Hodo Group, a major apparel manufacturer based in Jiangsu's Wuxi City, registered an export growth of 47 percent in H1 from a year ago, while its profit during the same period soared 110 percent year on year.

"Catering to various customer demands in different countries and time zones, we scheduled 40 live shows each featuring categories such as men's wear and hosiery, which lasted about 12 hours," said Dai Minjun, president of Hodo International Development Co., Ltd, a subsidiary of Hodo Group.

"We could promptly answer customer queries during the live streams, thanks to the multi-language translator," said Dai.

While the COVID-19 pandemic exerted great pressure on the company's production and sales, it blazed a trail by exporting medical supplies, developing new products, and adopting live streaming to tide over the crisis, said Zhou Haijiang, board chairman and CEO of Hodo Group.

Hodo Group is among the large number of Chinese private enterprises that took the initiative to innovate and explore new markets during the pandemic.

People dine at a restaurant in Nanjing, capital of east China's Jiangsu Province, Sept. 16, 2020. (Xinhua/Lu Huadong)

In the workshop of Sierbang Petrochemical in the coastal city of Lianyungang, Jiangsu Province, bags of EVA photovoltaic (PV) materials are being loaded on trucks. They are slated to be delivered to Changzhou, which hosts a number of PV enterprises.

Chinese PV firms used to import the materials from countries such as the Republic of Korea and Thailand, but due to the impact of the pandemic, many turned to domestic suppliers in a bid to resume production.

Sierbang, therefore, strengthened the research and development of related products and increased production output to stabilize the supply chain.

"With steady supply in domestic enterprises, the operation of the entire PV industrial chain has been relatively smooth," said a procurement person at a PV manufacturer.

CONCERTED EFFORTS

Amid the country's efforts to ensure stability on six fronts -- employment, financial sector, foreign trade, foreign investment, domestic investment and expectations -- different departments are strengthening measures to stimulate the vitality of market entities so they not only survive but also thrive.

The provincial government of Jiangsu released a circular in August to boost domestic market sales amid the pandemic, and support foreign trade companies to reduce inventory and recoup losses.

Workers make protective suits at a workshop of Hodo Group in Wuxi, east China's Jiangsu Province, Feb. 8, 2020. (Xinhua/Li Bo)

According to Jiangsu's provincial department of commerce, the province has built 10 national-level cross-border e-commerce pilot areas and established 14 provincial-level overseas warehouses to help trade companies.

"We have set up warehouses in countries like Japan and the United States during the pandemic, and they have not only helped avoid overstock in ports but generated faster delivery of products," said Zhao Mingquan, CEO of a clothing company based in Changshu City.

Jiangsu Nature Biotechnology Co., Ltd., an agricultural company, saw its export revenue exceed 14 million U.S. dollars in H1, up 7.7 million U.S. dollars from last year. "We've received a credit loan worth 7 million yuan that has significantly eased our financial burden," said Fu Baohua, founder of the company, adding that they have exported over 30,000 tonnes of products this year.

Retail sales of consumer goods, the main gauge of China's consumption, turned from negative growth to positive for the first time this year, with an increase of 0.5 percent year on year in August, data from the National Bureau of Statistics showed.

In the first eight months, industrial output expanded 0.4 percent from last year, and fixed-asset investment edged down 0.3 percent year on year, with the decline narrowing from the 1.6-percent in the first seven months.

"Dual circulation will help enterprises establish a flexible industrial chain and form coordination and complementarity between internal and external markets, thus helping develop a resilient, low-risk growth pattern and nurture new growth prospects," said Yang Jijun, vice president of the School of International Economics and Trade, Nanjing University of Finance and Economics.

(Reporting by Zhu Xiao, Chen Shengwei, Lu Huadong, He Leijing and Ma Yujie; Video reporters: Liu Yuxuan, Zhu Xiao; Video editor: Zhang Yichi)

 

——强化构建以国内市场为主体、内外市场互补、相互促进的“双流通”发展格局。


——该政策在促进经济反弹方面起到了巨大作用。国家统计局发布的数据显示,衡量我国消费水平的主要指标——社会消费品零售总额今年首次由负增长转为正增长,8月份同比增长0.5%。

 


这是8月23日摄于江苏省无锡市的Hodo集团智能衬衫制造车间。(新华社)


南京,9月24日(新华社)——在中国东部江苏省省会南京市中心一家由中国零售巨头苏宁控股集团运营的购物中心里,经过仔细比较价格后,包讯林终于找到了自己心仪的智能手机。


“产品陈列很诱人,有了这些代金券,我得到了更优惠的价格,”一家烧烤餐厅的厨师鲍说。


这家五层的商场于4月30日恢复了线上和线下的服务,据商场副经理纪丽萍介绍,开业当天的日销售额就超过了2亿元(约2938万美元)。


苏宁在全球经济衰退的大背景下,积极挖掘国内市场潜力,积极响应以国内市场为主体、国内外市场相辅相成、相互促进的“双循环”发展新模式。


他说:“疫情严重时,我们的线下销售受到了很大影响。”“但我们采用了直播和社区营销来吸引新客户,同时通过优化产品展示和改善服务来充分挖掘线下连锁商店的潜力。”


苏宁的财务数据显示,今年上半年,该公司的销售额达到1940亿元,其中约1348亿元来自网络销售,同比增长20.19%。


北京大学国家发展学院名誉院长、著名经济学家林毅夫表示,双流通被视为中国重塑国际合作和新的竞争优势的一个战略双赢选择。


增长的危机


这项政策在促进经济反弹方面起到了巨大作用。江苏无锡市的主要服装制造商Hodo集团上半年的出口同比增长47%,同期利润同比飙升110%。


Hodo集团的子公司Hodo国际发展有限公司总裁戴民军说:“为了满足不同国家和时区的各种客户需求,我们安排了40场现场秀,每一场都有男装和丝袜等类别,持续了大约12个小时。”


戴说:“多亏了多语言翻译,我们可以在直播过程中及时回答顾客的提问。”


Hodo集团董事长兼首席执行官周海江表示,虽然新冠肺炎疫情给公司生产和销售带来巨大压力,但公司通过出口医疗用品、开发新产品、采用直播等方式应对危机。


Hodo集团是在疫情期间主动创新、开拓新市场的众多中国民营企业之一。

 

江苏连云港海滨城市Sierbang Petrochemical的车间,EVA光伏(PV)材料正在装车。它们将被交付到常州,那里有多家光伏企业。


中国光伏企业过去从韩国和泰国等国进口材料,但由于大流行的影响,许多公司转向国内供应商,以恢复生产。


因此,Sierbang加强了相关产品的研发,增加了生产产量,稳定了供应链。


某光伏制造商的采购人员表示:“由于国内企业供应稳定,整个光伏产业链的运行相对平稳。”


共同努力


在稳定就业、金融、外贸、外商投资、国内投资和预期六大方面的努力中,各部门都在加强措施,激发市场主体的活力,使其生存和发展。


今年8月,江苏省政府发布了一份通知,要求在疫情期间促进国内市场销售,并支持外贸公司减少库存、弥补损失。

 

据江苏省商务厅表示,该省已经建立了10个国家级跨境电子商务试验区,并建立了14个省级海外仓库来帮助贸易公司。

 

常熟市一家服装公司的首席执行官赵明全表示:“在疫情期间,我们在日本和美国等国家建立了仓库,它们不仅帮助避免了港口的库存积压,而且加快了产品的发货速度。”


江苏自然生物科技有限公司是一家农业企业,上半年出口收入超过1400万美元,同比增长770万美元。该公司创始人傅宝华表示:“我们获得了价值700万元的信贷贷款,这大大减轻了我们的财务负担。”他还补充说,他们今年出口了超过3万吨产品。


国家统计局发布的数据显示,衡量我国消费水平的主要指标——社会消费品零售总额今年首次由负增长转为正增长,8月份同比增长0.5%。


今年前8个月,工业产值同比增长0.4%,固定资产投资同比小幅下降0.3%,降幅较前7个月的1.6%有所收窄。


“双重循环将帮助企业建立一个灵活的产业链,形成内部和外部市场之间协调和互补,从而帮助开发一个弹性,低风险的增长模式和培育新的经济增长前景,”杨Jijun说,副总统的国际经济与贸易学院,南京财经大学。


(朱晓、陈胜伟、陆花东、何蕾静、马玉杰报道;视频记者:刘宇轩、朱晓;视频编辑:张益驰)

 

 

来自: xinhua