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MU Group’s strategic alliance with Sinosure

On December 9, the forum “The 15th Anniversary of China’s Accession to the WTO, Ningbo’s Foreign Trade Starts Again” was held. This forum was hosted by the Ningbo Municipal Commerce Commission, Ningbo Daily Newspaper Group, China Export and Credit Insurance Corporation Ningbo Branch, and hosted by Ningbo Daily Open Weekly. At the meeting, Sinosure Ningbo Branch awarded licenses to key cooperative enterprises. Kaiyue International Trade Group and 20 companies were recognized as Sinosure’s “strategic partners” due to their leading position in Ningbo’s foreign trade industry and long-term in-depth cooperative relations with Sinosure. , this is the second time that our group has received the support and trust of China Sinosure Company after becoming the “AA-level major customer of China Export and Credit Insurance Corporation” in January 2013. Tang Yihu, President of our group, attended the awarding ceremony.

As a strategic partner of Sinosure, Kaiyue Group has always received strong support from Sinosure Ningbo Branch. The group’s annual insurance coverage is hundreds of millions of dollars, and the cumulative insurance amount has exceeded one billion U.S. dollars. In recent years, with the guidance and help of CITIC Insurance Ningbo Branch, we have strengthened risk prevention and control in all aspects of the business chain, effectively improving the level of corporate risk management and control. It is believed that in the future, with the strong support of Sinosure, the group’s import and export business will continue to operate on a steady and effective growth track.

December 10 will mark the 15th anniversary of China’s accession to the World Trade Organization. The forum revealed that the city’s GDP increased from 131.058 billion yuan in 2001 to 801.141 billion yuan in 2015, an increase of more than five times in 10 years. As one of Ningbo’s most important business cards, foreign trade has developed rapidly. Ningbo’s export volume increased from US$6.244 billion in 2001 to US$71.429 billion in 2015, and its import volume increased from US$2.647 billion in 2001 to US$29.036 billion in 2015. US dollar, the growth rate is close to or more than 10 times, and the total import and export volume ranks 8th among cities in the country.

However, in horizontal comparison, Ningbo’s foreign trade also presents an unfavorable situation of “the pacesetter is getting farther away and the pursuer is getting closer”, facing many challenges such as rising costs and factor constraints. During the “Thirteenth Five-Year Plan” period, how will Ningbo’s foreign trade take off again? At yesterday’s forum, Sun Yiwei, deputy secretary and deputy director of the Ningbo Municipal Commerce Commission, Wang Dong, senior researcher and postdoctoral fellow at China Export and Credit Insurance Corporation’s Country Risk Research Center, Liu Xingjing, deputy director of the Ningbo Development Planning Institute, Ningbo Entry-Exit Inspection Four guests including Chen Kaimao, deputy director of the Quarantine Bureau, inquired and took the pulse of Ningbo’s foreign trade development.

15 years after joining the WTO, how do Ningbo’s foreign trade companies adapt to the new rules of international trade and ride the wave of globalization? During the interactive session of the forum, the guests discussed the three major themes of “15th Anniversary of WTO Accession: Changes in Ningbo’s Foreign Trade”, “Policy Insurance: Helping Enterprises Go Global” and “Standing at a New Starting Point: Ningbo’s Foreign Trade Starts Again”.

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