Export-oriented high-tech companies in Shenzhen are seizing the year-end opportunity to expand their exports to Europe, the U.S., as well as countries and regions along the Belt and Road after their production and logistics have regained normal rhythm, thanks to targeted government policies.
Shenzhen companies’ exports of automated data processing devices such as computers and related components, mobile phones and lithium batteries reached 428 billion yuan (US$61 billion) in the first 11 months of the year, up 25.1% year on year, data from Shenzhen Customs showed.
Shenzhen Grandsun Electronics Co. saw its exports in the first 11 months of this year reach 170 million yuan thanks to increasing e-commerce sales and simplified procedures for customs clearance rolled out by Shenzhen Customs, according to Wu Haiquan, chairman of the company.
O-Net Technologies (Shenzhen) Co., a key export enterprise recognized by Shenzhen Customs, is now working full steam ahead to increase production, grab orders and expand its market share, said Chen Xiaokun, the company’s production manager.
Earlier this month, Shenzhen Customs further optimized the procedures for cross-border trucks, which accordingly saves time and costs for drivers as well exporters . “Optimized customs policies help to lower exporters’ operation costs,” said Tang Lei, a manager from Shenzhen Highpower Science and Technology Co.