-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photos
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Leisure
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In-Depth
-
Weekend
-
Lifestyle
-
Diversions
-
Movies
-
Hotels and Food
-
Special Report
-
Yes Teens!
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Futian Today
-
Advertorial
-
CHTF Special
-
Focus
-
Guide
-
Nanshan
-
Hit Bravo
-
People
-
Person of the week
-
Majors Forum
-
Shopping
-
Investment
-
Tech and Vogue
-
Junior Journalist Program
-
Currency Focus
-
Food and Drink
-
Restaurants
-
Yearend Review
-
QINGDAO TODAY
在线翻译:
szdaily -> Business/Markets -> 
Foreign-funded firms accelerate production
    2020-05-27  08:53    Shenzhen Daily

EVERY workday morning, nearly 400 employees of Cablex Electronics (Xuzhou) Co. put on masks and goggles and get their temperature measured before starting the day’s work.

Located in Xuzhou, eastern China’s Jiangsu Province, Cablex Electronics is a wholly foreign-owned firm with headquarters in Slovenia. As the COVID-19 epidemic has waned in China, the firm has resumed its full production capacity, churning out millions of wiring harnesses every day.

Governments at different levels in China have shown great efficiency in implementing measures to contain the epidemic, which has bolstered the confidence of foreign firms in China, said Bostjan Slajkovec, general manager of the firm.

“We are determined and confident to reach our sales target this year,” Slajkovec said, adding the firm has maintained an average of 30 percent annual sales growth since it settled in Xuzhou.

According to a recent survey by the Ministry of Commerce, of 8,200 major foreign firms in China, 76.6 percent of them had a resumption rate of more than 70 percent as of the end of April.

China has more than 400,000 foreign-funded firms, more than 90 percent of which are small and medium-sized ones.

Foreign firms can equally enjoy preferential policies that China has rolled out to help domestic firms cope with the fallout of the epidemic, including financial support and tax cuts, according to the ministry.

Andreas Risch, managing director of Fette Compacting (China) Co., a German pharmaceutical giant, said thanks to the supportive policies such as helping purchase anti-epidemic materials and reducing transportation fees, production of the firm quickly returned to normal.

In Jiangsu, a main destination of foreign direct investment in China, the resumption rate of foreign firms has climbed to 99 percent by mid-May, according to the provincial bureau of commerce. (Xinhua)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn