Foreign-trade businesses adopt survival tactics

    By Hu Yuanyuan | China Daily Global | Updated: 2020-04-29 09:24
    Share
    Share - WeChat
    Containers are unloaded at Qingdao Port in Shandong province last month. [Photo by Yu Fangping / For China Daily]

    Daily costs reduced in bid to get through outbreak

    Jason Pan, who has worked in the foreign-trade business for two decades, has not received any overseas orders since early last month, in what is usually a busy time for the sector.

    As a result of the novel coronavirus pandemic, Pan said that orders this year have fallen by 50 percent to 60 percent, compared with the same period last year.

    "But the most challenging situation is yet to come, probably in May and June, when there is a time lag of about one to two months from receiving an order to delivery," said Pan, 42, who is based in Ningbo, Zhejiang province. Zhejiang is one of the country's major centers of foreign trade.

    Pan has not experienced such a severe situation during his career. Since graduating from university, he has worked in a foreign-trade business that deals in daily-use plastic items. The annual import and export value of his company stands at $5 million to $10 million, with major customers based in the Netherlands, Spain, the United States, Australia and Canada.

    Pan experienced the 2008-09 financial crisis, but the novel coronavirus outbreak has been far more challenging.

    "I feel that the impact it has had on my business has been 10 times greater than during the financial crisis, which had no major effect on financially stable small and medium-sized enterprises. But this time, it's a real crisis for us," he said.

    Pan's friends in the industry all report similar stories. He said the entire foreign-trade sector, apart from healthcare and food businesses, is facing an extremely difficult time, with overseas orders being canceled.

    Anne Ruan, who runs the Ningbo Orange Packaging Co, a paper products business in Zhejiang, whose output includes items for use at parties, saw overseas orders valued at $2 million canceled in the first quarter. Before the pandemic, her company's annual exports were worth about $10 million.

    "My clients told me that parties had been strictly forbidden due to the COVID-19 outbreak, so they have had to cancel or postpone orders, and many of my overseas customers have asked for payment to be deferred," Ruan said.

    1 2 3 4 5 Next   >>|

    Related Stories

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    亚洲伊人成无码综合网| 亚欧免费无码aⅴ在线观看| 人妻av无码一区二区三区| 少妇中文字幕乱码亚洲影视| 欧洲成人午夜精品无码区久久 | 国产精品多人p群无码| 亚洲va中文字幕无码| 欧美 亚洲 有码中文字幕| 97无码免费人妻超| 免费A级毛片无码视频| 亚洲一区二区三区AV无码| 中文无码喷潮在线播放| 最近免费最新高清中文字幕韩国| 亚洲成?Ⅴ人在线观看无码| av无码一区二区三区| 亚洲av无码国产精品夜色午夜| 日韩综合无码一区二区| 久久久噜噜噜久久中文字幕色伊伊| 中文字幕乱码人妻无码久久| 无码av中文一二三区| V一区无码内射国产| 精品无码AV一区二区三区不卡| 亚洲日韩激情无码一区| 亚洲看片无码在线视频| 亚洲成A人片在线观看中文| 日韩中文字幕在线不卡| 天堂网www中文天堂在线| 亚洲一区日韩高清中文字幕亚洲 | 国产成人无码区免费网站| 中文字幕一区二区三区在线观看 | 精品久久久久久无码中文字幕一区| 五月婷婷无码观看| 综合国产在线观看无码| 中文字幕人妻无码系列第三区| 中文字幕人成高清视频| 无码精品日韩中文字幕| 国产中文在线观看| 毛片免费全部播放无码| 亚洲av无码国产精品色午夜字幕 | 亚洲?v无码国产在丝袜线观看| 欧美 亚洲 日韩 中文2019|