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China: Chinese foreign trade firms diversify into global markets
Storyline: Chinese foreign trade firms diversify into global markets [Voice_over] Foreign trade companies in the coastal Chinese provinces of Shandong and Guangdong are diversifying into international markets to secure order volumes amidst a still complex global trading landscape. At this shoe-making company in east China's Shandong Province, workers are preparing 30,000 pairs of sports shoes for shipment to Europe. Although the U.S. tariffs did cause delivery challenges for U.S. clients, the company says they've managed to increase their overall order volume regardless. [Sound_bite] Du Ji, production manager, shoe-making company: "We have expanded into more than a dozen international markets, including Australia, Turkey, Singapore, and Malaysia, achieving a 25-percent increase in overseas orders. Meanwhile, by tapping into domestic market potential and meeting local consumer demand, we have grown our domestic market share by 15 percent." [Voice_over] In Zhongshan City of south China's Guangdong Province, the manager of an appliance company says customers, especially from the U.S., are requesting faster deliveries. In Q1, the value of Zhongshan's total foreign trade imports and exports topped 9.5 billion U.S. dollars, a more than 10 percent increase year on year. [Restrictions : No access Chinese mainland]
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