In the face of the constant appreciation of the renminbi, the country's two downward adjustments in export tax rebates, rising raw materials, rising labor costs, and increased foreign anti-dumping barriers, Danyang City's foreign trade exports maintained a strong growth momentum in the past few years. In the first seven months of 2007, the cumulative export volume reached 730 million US dollars, a year-on-year increase of 43%. The annual breakthrough of one billion US dollars, "Danyang manufacturing" is accelerating to the international market. Since then, Danyang export enterprises have faced difficulties and relied on technological innovation to find out the road. At present, the six major export enterprises of hardware tools are all high-tech enterprises in Jiangsu Province, among which Feida Group is a national high-tech enterprise, especially high-end nano drill bits. It was included in the provincial high-tech achievements transformation project and received a provincial financial subsidy of 17 million yuan. Faced with increasing trade barriers in Europe and the United States, Danyang export enterprises have moved to Southeast Asia, the Middle East, South America and Africa, expanding new markets. Backbone-scale enterprises have contributed to this year's foreign trade exports. According to the data provided by the customs, the export growth of the top ten export enterprises such as Tiangong, Feida, Daya and Wode is on average more than 60%. What is more commendable is that the rapid increase in the number of exports has brought about a leap in the export quality of Danyang. In May 2007, Danyang City was awarded the “Jiangsu Hardware Tools Export Baseâ€, which is the third in the province to receive such a privilege. County and city. In addition, following the arrival of Feida, in June of that year, Tiancheng, Huachang and Fengyu were awarded the title of “Jiangsu Province Export Famous Brand Enterpriseâ€, so that all four “Jiangsu Export Famous Brand Enterprises†in Zhenjiang were spent in Danyang. At present, Danyang has formed a backbone of large-scale enterprises, and the enthusiasm of the international market for small and medium-sized enterprises.
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