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  • Home > News > Details
    Foreign trade falls in October
    2016-11-11

    China's exports to its top trading partners varied across the regions in January to October. Exports to the European Union grew 1 percent and to Japan by 0.5 percent from the same period last year, while exports to the United States fell 2 percent, and exports to the Association of Southeast Asian Nations declined 1.8 percent.

    Eager to restore their earning strength, Chinese manufacturers are upgrading their products to cope with the challenge.

    Liu Yang, deputy general manager of CRRC Zhuzhou Institute Co, an electric bus manufacturer in Hunan province, said the company will establish between seven and 10 sales and service branches in Southeast Asia, India, Canada and the Middle East over the next three years as many countries are keen to adopt electric buses to further cut carbon emissions and reduce fuel costs.

    "Traditional industries must extend cooperation in areas such as infrastructure, energy, environment and services," Liu says.

    CRRC Zhuzhou Institute has exported electric buses and related power systems to Brazil, Canada and Southeast Asian countries over the past three years.

    As a subsidiary of China Railway Rolling Stock Corp, the country's largest train manufacturer, CRRC Zhuzhou Institute will also invest 1.5 billion yuan in Shijiazhuang, Hebei province, to build another manufacturing base to focus on domestic demand from the coordinated development of Beijing, Tianjin and Hebei. These cities are also facing severe environmental issues.

    Contact the writers through zhongnan@chinadaily.com.cn

    (China Daily Africa Weekly 11/11/2016 page30)

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