Top 500 enterprises lead the way“Going-out”
- Details
- Category: Ningbo Business
- Published: Thursday, 13 June 2013 19:25
The 4th China Top 500 Foreign Trade Enterprises Forum and ranking news conference, cosponsored by the China Statistical Society of International Business and Economics and the Municipal Government of Ningbo, was held in Ningbo on June 9. Top 500 foreign trade enterprises were announced and made the Ningbo declaration at the meeting.
The foreign trade volume of Top 500 hit a record high.
At the forum, the hosts announced the list of Top 500 foreign trade enterprises and Top 500 private enterprises of foreign trade.
In 2012, the foreign trade volume of China totaled 3.86676 trillion US Dollars. The one of Top 500 enterprises reached 1.405429 trillion US Dollars, accounting for over one-third of the total and hitting a record high.
Overall, the export share of the top 500 enterprises fluctuated in a range of 30%-40% which was on the decline in recent years while the import took up a larger share of total, which maintained a share around 45%. Last year, the export and import share were 29.03% and 44.58% respectively. In recent years, the import of energy, resources and agricultural products increases by a large margin, which are mainly undertaken by large state-owned foreign trade enterprises. Top 3 enterprises of this year are SINOPEC, CNPC and Foxconn (Shenzhen), the champion and runner-up are state-owned enterprises.
10 Ningbo enterprises were listed in the ranking of Top 500.
10 Ningbo enterprises were listed in the ranking of Top 500, including CMO (Ningbo)(89th, 3.33 billion US Dollars), Zhongji Group(148th, 2.19 billion US Dollars), Jintian Copper(299th, 1.11 billion US Dollars), Shenzhou Group(307th, 1.09 billion US Dollars), Cixi Import-Export(362nd, 0.95 billion US Dollars), Futereco Investment(368th, 0.94 billion US Dollars), Pinggang Business(392nd, 0.91 billion US Dollars), Ningbo Steel(454th, 0.79 billion US Dollars), Samsung(Ningbo)(487th, 0.73 billion US Dollars) and Sunhu Chem.(491st, 0.726 US Dollars).
In addition, 21 Ningbo private enterprises were listed in the ranking of Top 500 private enterprises of foreign trade with Zhongji Group ranking the 10th one of the list.
Facing the gloomy global economic pressure, the foreign trade volume of Ningbo reached 96.57 billion US Dollars in 2012, a decrease of 1.6% over the same period last year, ranking 3rd among 15 sub-provincial cities, after Shenzhen and Guangzhou. Although Ningbo’s foreign trade saw a negative growth in 2012, many foreign trade enterprises said that the most difficult time had passed. Since 2013, Ningbo’s foreign trade extricates itself from a predicament gradually under the joint efforts of the government and enterprises. In the first 4 months of 2013, the city foreign trade volume totals 31.12 billion US Dollars, up 2.9% over the same period last year.
The leading import-export enterprises made great contribution in the development of foreign trade. According to statistics, the foreign trade volume of 36 local leading import-export enterprises reached 18.8 billion US Dollar last year, accounting for nearly 20 percent of the total
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Top 500 enterprises club announced Ningbo Declaration.
At the meeting, Top 500 enterprises club was launched by China Statistical Society of International Business and Economics and the top 500 enterprises of foreign trade in Zhenghai, Ningbo, with Cheng Siwei, vice-chairman of the 9th and 10th NPC Standing Committee and famous economist as its honorary President.
The club was founded as a platform with the top 500 companies and private companies of foreign trade as its core and above-scale foreign trade enterprises as the main body. It aimed to leading the going-out of Chinese enterprises and offers support to the cooperation in the associated industries and between upstream and downstream enterprises of one industrial chain. The platform would make effective contribution in resource integration in policy, diplomacy, finance and expert resource and lead more Chinese enterprises to the way of “going-out”.
