Production at the intelligent factory of LiuGong Group Co., Ltd., a State-owned construction machinery manufacturer in South China’s Guangxi Zhuang Autonomous Region, was in full swing on June 29, with a large supply of products ready to be shipped from Beibu Gulf Port to the international market.
The company’s export volume from January to May increased by nearly 50 percent from the same period last year. Its products were popular in Southeast Asia, Central Asia, Africa and Latin America, becoming a standout example of “Guangxi-made products going global”.
Other Guangxi-based State-owned enterprises (SOEs) also sought opportunities in the overseas market. Liuzhou Steel Group exported a large amount of high-quality steel. Its steel exports from January to May increased by double digits year on year. Guangxi Yuchai Machinery Group Co., Ltd saw rising overseas orders, as more than 900,000 engines produced by the company were put into operation abroad.
The impressive export data highlights the achievements of Guangxi-based SOEs. From January to May, the export revenues of those enterprises under the supervision of the State-owned Assets Supervision and Administration Commission of Guangxi Zhuang Autonomous Region reached 10.943 billion yuan ($1.61 billion), a year-on-year increase of 17.44 percent.
This could not be attained without a smooth export channel and a comprehensive logistics system.
Beibu Gulf Port Group unveiled its two logistics and trade subsidiaries in Liuzhou, so as to strengthen its collaboration with the local government and facilitate the export of local distinctive products, such as construction machinery and vehicle parts, via a one-stop customs clearance service.
Pinglu Canal is expected to be open for traffic in September, which will reduce the cargo transport time and cost. Cargo shipped via the Pinglu Canal will travel more than 560 kilometers less on inland waterways than shipments routed through Guangzhou Port.
Hard infrastructure such as ports and canals provides the backbone of river-sea connectivity, while cross-border supply chain services strengthen the soft connectivity that underpins cross-border trade.
Guangxi Supply Chain Service Group has used its advantages in resource coordination, partner network and platform operations to efficiently facilitate international trade and help a variety of market entities reach the international market.
The corporation has established an all-around cross-border service network that incorporates multiple domestic logistics bases, and overseas subsidiaries and warehouses. In the first six months of this year, it handled 7.345 billion yuan ($1.08 billion) in import and export customs declarations, a year-on-year increase of 5.11 percent. With business spanning more than 40 countries and regions worldwide, it continued to improve the modern supply chain network, supporting Guangxi’s development as a gateway connecting inland China with global markets.
By coordinating industrial, logistic and platform resources, Guangxi SOEs have successfully released the region’s combined strengths and supported its pursuit of high-level opening-up.
(Executive editor: Zuo Shihan)
