MadeInChina.com to the Rescue of SMEs in Qingdao

2008-08-12

Reporter£ºPei Yu

Beijing, China, June 4, 2008  –  Sponsored by MadeInChina.com and co-organized by the Qingdao Foreign Trade & Economic Information Association, the foreign trade summit on “Made-in–China products win the World” kicked off at the Qingdao Crown Plaza on June 4^th 2008. Various representatives participated in the summit, which focused on how MadeInchina.com could empower the export trade of enterprises in Qingdao, Attendees included Deng Li, deputy director-general of the Qingdao Foreign Trade & Economic Cooperation Bureau, Gao Haiyun, president of the Qingdao Foreign Trade & Economic Information Association and Michael Zheng, CEO of MadeInChina.com, as well as other senior experts in the field.    

More than 120 major foreign trade firms, scholars and industry experts participated in the foreign trade forum discussing the development of foreign trade for small and medium-size enterprises (SME) in Qingdao. Since the beginning of this year, Qingdao foreign trade enterprises have experienced embarrassing barriers to foreign trade. First, as the Chinese government constantly changes the policy on exchange rates due to the appreciation of the RMB, commodity export earnings for inland foreign trade enterprises in the country have been correspondingly reduced. Secondly, since the second half of 2007, not only has the preferential policy for export rebates on resources and energy- consuming products been cancelled, but export tariffs have been collected. In addition, the export refund rate on some common commodities has been lowered dramatically. As a result of the adjusted tax policies, foreign trade enterprises have suffered a 3.2 per cent fall on average in terms of export profits. Furthermore, the net benefit for foreign trade firms will correspondingly decrease because of the continuity of this factor and its gradually increasing influence. Thirdly, the rising cost of domestic raw materials and energy will cause foreign trade export costs to go up.  In 2008, foreign trade enterprises may still face the risk of persistently decreasing profits for exporting goods.

As small and medium-size enterprises in Qingdao were in such a predicament, MadeInChina.com, as the most reliable e-commerce website for global buyers, invited some companies with great purchasing power from North Africa, Europe and the Middle East to Qingdao to bring more opportunities to these small and medium-size enterprises in difficulty. In addition, MadeInChina.com offered some great incentives, including promotional rate for placing ads on its website and discounted membership fees and services for these SMEs. In conclusion, MadeInChina.com has shown its utter devotion to all small and medium-size enterprises in Qingdao and helped them to overcome difficulties.

With the assistance of MadeInChina.com, small and medium-size foreign trade enterprises in Qingdao have realized the present macro-economic climate and timely altered their development plans, rather than hold negative attitudes of wait-and-see, cheering up to boost themselves, and developing from processing international service trade towards self-accessing technological trade. The summit will definitely help small and medium-size enterprises based on foreign trade to get out of their difficulties and realize enterprise vitalization in a way of completeness and prosperity.   

About MadeInChina.com

As a leading B2B E-commerce export service provider in China, MadeInChina.com provides a B2B online marketing platform for both Chinese enterprises and global buyers. Based on HC International’s 15 years of B2B E-commerce service experience of 5 million users in over 64 industries, MadeInChina.com provides large variety of on-line and off-line integrated international trade service for Chinese suppliers and global buyers, such as supplier recommendation, promotion in global exhibitions and business matching, by the advanced information service techs (e.g. on-line searching and multi-dimensional exhibition) and strict 3rd-party authentication system. With an experienced and professional team, MadeInChina.com provides the most update and top-quality service in the market for Chinese suppliers and global buyers.