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Industrial Finance
“Walking Out” for a Broad International Market

Publish Time:2011-09-01

  According to the statistic, from January to July, 21 enterprises investing overseas are approved by Shaoxing County Business Bureau with the total investment hitting USD 96.8 million dollars, realizing an increase of 254% compared with the same period last year. It demonstrated textile export trade enterprises have been on the way of “walking out quickly”.

  Up till now, over 300 enterprises have been sanctified to expand overseas. The total export amount of the overseas enterprises has reached USD 0.46 billion dollars this first half year, with an increase of 15% compared with the same period last year, which has effectively impelled the export trade of Shaoxing county.

  As an enterprise winning special fund for many years, “Hezhong Fiber” in Xialv town has been on the way of rapid development. “Hezhong Fiber” established “Zhejiang Hezhong (Korea) Trading Co., Ltd” in Korea last year, where “Hezhong Fiber” realized the export volume USD 24 million dollars (70% export to Korea) within an office floor space over 500 m2 and 2100 m2 warehouses and become No.one among hydroentangling non-woven fabric peers in China. At present, another trading window in Japan has been established as well this first half year, with the export volume increased over 80% compared with the same period last year.

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