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The reporter learned from the Jinhua Customs yesterday that in January this year, Jinhua City exported $29.6 million in auto parts, an increase of 6.3% compared with the same period last year (the same below). During the visit to many auto parts companies in Jinhua, the reporter found that behind the 6.3% growth, there are many hidden concerns.
According to the introduction of Jinhua Customs staff by Zhou Chen, in January, Jinhua privately-exported auto parts and components of 17.28 million U.S. dollars, an increase of 20.1%, accounting for 58.2% of the total auto parts exports of Jinhua during the same period, which dominated. The foreign-funded enterprises exported 11.83 million U.S. dollars, an increase of 3.8%, accounting for 39.9%. Among them, the United States is the largest export market, and exports US auto parts and components to the United States of USD7.01 million, an increase of 8.8%, accounting for 23.6% of the total auto parts exports of Jinhua during the same period. Jinhua Customs official said that on January 31st, U.S. manufacturing unions, U.S. Senators, and other members of the U.S. Congress accused members of China’s subsidies to the auto industry from harming U.S. industries, and called on the U.S. government to take measures to restrict imports of Chinese auto parts and Car electronics, tires and other related products launched more "double anti-dumping" (anti-dumping countervailing) investigation.
With this problem, the reporters interviewed found that many auto parts companies in Jinhua have no knowledge of the news. Among them, many auto parts companies have a single industrial structure and lack independent research and development capabilities and core technologies. Because they rely on a single market, their ability to resist market risks and natural risks is limited, and their added value is low, it is difficult to develop the relevant economy in an all-round way, and only resources and cheap labor can be used to win the market. At the same time, the establishment of domestic auto parts industrial parks such as Danyang City in Jiangsu Province, Laiyang Economic Development Area in Shandong Province, and Hongtan Newtan Industrial Park in Wuhan City has increased the competitive pressure on Jinhua enterprises.
“Please pay close attention to related business associations and companies and do a good job in response.†In recent days, Jinhua Customs has issued “advance warning†and related policy advice to auto parts companies in the area through visits to companies, QQ groups, and Weibo. With guidance, in particular, it provides relevant data on business exports to the United States.
Behind the Export Growth Worries about Auto Parts Enterprises Knowing "Double Opposites"