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Haining companies see fruitful results in Central Asia market expansion

chinadaily.com.cn| Updated : Aug 23, 2024

A delegation of 20 companies from Haining embarked on a strategic market exploration mission to Kazakhstan and Uzbekistan from Aug 14 to 21, acheiving fruitful results.

These companies, spanning sectors such as warp knitting, home textiles, and new energy, participated in market surveys and attended two economic and trade exchange and cooperation recommendation meetings. Over 70 percent of the participating companies secured substantial orders during the event.

Jin Zhenyu, chairman of Haining Jiuding Textile Co Ltd, returned triumphantly from Central Asia. Armed with just 5 kilograms of fabric samples, Jin secured over $2 million in orders.

The Belt and Road Initiative has opened new avenues for Haining enterprises, with Central Asia emerging as a promising market. In 2023, Haining's exports to Central Asia totaled 642 million yuan ($89.92 million), marking a 37.4-percent increase from the previous year. Textiles remain the primary export product, with exports reaching 309 million yuan, a 53.34-percent surge year-on-year.

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