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In the first half of 2022, Nigeria maintained its position as China's largest export destination in Africa.

According to the latest statistics from China Customs, in the first half of 2022, the bilateral trade volume between China and Nigeria reached 12.02 billion US dollars, a year-on-year increase of 7.1%. Of this, China's exports to Nigeria were 11.01 billion US dollars, a year-on-year growth of 10.2%; imports from Nigeria were 1.02 billion US dollars, a year-on-year decrease of 17.7%; and the trade surplus was 9.99 billion US dollars, a year-on-year increase of 14.1%. Nigeria continues to maintain its position as China's largest export destination and third largest trading partner in Africa (the top two trading partners are South Africa and Angola). In addition, in the first half of 2022, the trade volume between China and the 15 member states of the Economic Community of West African States (ECOWAS) reached 33.29 billion US dollars, a year-on-year increase of 16.8%. Of this, China's exports to ECOWAS were 26.96 billion US dollars, a year-on-year increase of 15.3%; and imports from ECOWAS were 6.32 billion US dollars, a year-on-year increase of 23.8%. Nigeria accounts for 36.1% of China's trade with ECOWAS. Source: Official website of the Ministry of Commerce of the People's Republic of China

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08-18

In the first half of 2022, Nigeria maintained its position as China's largest export destination in Africa.

20 charts illustrating India's development journey since independence

On August 15th, during India's 76th Independence Day celebrations, Prime Minister Modi addressed the nation from the Red Fort. He declared India's aim to become a developed nation within 25 years, outlining policies to support domestic production in electricity, defense, and digital technologies. He also criticized corruption and cronyism within government departments, stating that India is entering a crucial anti-corruption phase and urging citizen support in combating this issue. The Times of India presented a visual representation of India's 75-year development journey through 20 charts. Largest Democracy India, with 912 million eligible voters, is the world's largest democracy. Approximately 69% of the eligible population registered to vote, with 67% exercising their franchise in the 2019 Lok Sabha elections, compared to 45.67% in 1951. Sixth Largest Economy Since independence, India has overcome immense challenges to become the world's sixth-largest economy, with a size of $3.17 trillion, following the US, China, Japan, Germany, and the UK. Independence itself marked a significant turning point in India's economic history. Since 1947, its per capita income has increased 500-fold. Exports as a Major Growth Driver India exported only $1.27 billion worth of goods and services in 1950-51. Growth remained stagnant for the next few decades due to stringent policy regimes. In recent years, India has opened its economy to the world—particularly after the implementation of the government's liberalization, privatization, and globalization (LPG) policies introduced in 1991. Significant Increase in Foreign Exchange Reserves Despite recent depletion, India's foreign exchange reserves remain the world's fourth largest. In 1951-52, reserves stood at only $1.82 billion, remaining stagnant amidst the economic growth challenges following independence. 500% Increase in Food Production To comprehensively boost the rural economy, India's food production has increased 500% since independence. Although India is primarily an agrarian economy, with 85% of its population residing in villages and dependent on agriculture, the country was not self-sufficient in food. Frequent famines resulted in not only insufficient but also uncertain food supplies. Well-Developed National Highway Network The government has made significant strides in building a comprehensive highway network and continues to upgrade it. Highway construction increased sevenfold from 1950-51 to 2021-22. The annual construction rate of four-lane, six-lane, and eight-lane National Highways (NHs) has increased by over 300% in the past seven years. Growth in the Power Sector India has successfully transitioned into a power-surplus nation, with a total installed capacity of 370,106 GWh. At the time of independence, the total installed capacity was 1,362 GWh. Since then, ensuring electricity supply to almost all houses in the country has been a long journey. On April 28, 2018, the government declared that all census villages were electrified. The last village to be electrified was Leisan village in Manipur. Surge in Registered Motor Vehicles The number of registered motor vehicles has surged from just 300,000 in 1951 to nearly 300 million in 2019. This increase indicates improved accessibility and quality of transportation for citizens. Over the past decade, India's total registered motor vehicles have grown at a compound annual growth rate of 9.91%. Third Largest Domestic Aviation Market As India celebrates Independence Day, the government released data showcasing the increase in passenger traffic at the country's airports, witnessing a remarkable 30-fold increase over 40 years. Last year, India became the world's third-largest domestic aviation market. Leading Global Milk Production India ranks first in global milk production, accounting for 23% of the world's output. Over the past three years, India's milk production has more than tripled, increasing from 17 million tons in 1950-51 to 209.96 million tons in 2020-21. Third Largest Egg Producer India is the world's third-largest egg producer. The country's egg production has increased from 1.83 billion in 1950-51 to 122.11 billion in 2020-21. During the same period, per capita egg supply also jumped from 5 to 90 per year. 75% Literacy Rate When India gained independence from British rule, it was left with a largely illiterate population. In 1950, only two out of ten Indians were literate. Despite India's overall literacy rate being very low, slightly above 18%, female literacy was even lower at 8.86%. By 2022, this has almost reversed. From an 18.3% literacy rate in 1951 to 74.4% in 2018, India has made significant progress in building a well-educated nation. Data shows girls surpassing boys in primary education. Higher Education India has 1,043 universities and over 42,000 colleges for its ambitious youth. In 1950, India had only 27 universities and 578 colleges. According to government data, student enrollment increased by 11.4% from 2015-16 to 2019-20. During the same period, female higher education enrollment increased by 18.2%. Expanded Scope of Medical Education Similar to primary and secondary education, the scope of medical education has also expanded to accommodate more students and meet the country's growing healthcare needs. In 1950, India had a total of 28 medical colleges, with negligible private sector participation. However, the number of medical colleges has steadily increased, particularly since the latter decades of the last century, including many in the private sector. Doctor-to-Population Ratio Since 1951, the number of doctors in India has significantly increased—from just over 61,000 to over 1.3 million today, coinciding with population growth and the commissioning of more medical colleges. In addition to allopathic doctors, another 565,000 rural medical practitioners provide valuable services, often in remote areas with limited medical facilities. Schools The number of schools has increased more than tenfold since independence—from 140,000 in 1947 to over 1.5 million today. Swachch Bharat Mission According to the government, with India's Swachch Bharat Mission in full swing, the country achieved its goal of 100% rural sanitation coverage well before the 75th Independence Day. Data shows that in 1981, rural sanitation coverage (percentage of population with toilets inside/attached to their houses) was only 1%. Decline in Infant Mortality Rate India's infant mortality rate (IMR) has significantly decreased over the past 75 years. The IMR has reduced from 146 per 1,000 live births in 1951 to 30 per 1,000 live births in 2019. Doubled Life Expectancy In 1951, the average life expectancy for Indian men was 37.2 years. Now it is 68.2 years. For women, it was 36.2 years and is now 70.7 years. In fact, an average Indian woman can now expect to live a few years longer than the average man.

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08-16

20 charts illustrating India's development journey since independence

[Provincial B-class Key Subsidy] 2022 Japan Osaka International Mechanical Components Exhibition (M-Tech)

Exhibition Overview Exhibition Name: 2022 M-Tech Japan Osaka International Machinery Elements Exhibition Exhibition Time: October 5-7, 2022 Exhibition Location: INTEX Osaka Organizer: Shandong Zhenghe International Exhibition Co., Ltd. Exhibition Introduction The Japan Osaka International Machinery Elements Exhibition (Manufacturing World Osaka), first held in 1997 by RX Japan, has a 25-year history. It is currently Japan's largest and most famous international exhibition for outsourcing, subcontracting, and parts processing. Here you can showcase world-leading fasteners, castings, machined parts, industrial hardware, standard and non-standard components, and various mechanical parts and processing technologies. M-Tech is also a renowned international series of industrial automation events in Japan, encompassing various bearings, chains, gears, belts, motors, electric motors, and pneumatic/hydraulic technologies and components. Market Introduction Osaka is the center of Japan's manufacturing industry, with a strong economy second only to Tokyo. It is also the nation's water and land transportation hub. Osaka is a comprehensive modern industrial city, mainly focusing on steel, machinery manufacturing, shipbuilding, chemical industry, textiles, and papermaking. Large enterprises such as Sumitomo Metal, Hitachi Zosen, and Kawasaki Heavy Industries have factories in the city. Osaka's industrial output ranks second in the country. Along the Osaka Bay coast, from Wakayama in the south to Himeji in the west, including Kobe and Kyoto, is the famous Hanshin Industrial Zone, surrounded by about 30 satellite towns. Due to the simple and enthusiastic nature of the Kansai people and the strong business atmosphere, the transaction rate at the exhibition is extremely high. Exhibition Highlights M-Tech Osaka provides an excellent opportunity for clients to tap into the West Japan market. Unlike the Tokyo exhibition, a high 95.5% of visitors come from West Japan, with buyers from Osaka, Nagoya, Hyogo, Kyoto, and Kobe attending annually. According to a survey of attendees, 64.3% of professional buyers in the Kansai region expressed great interest in international exhibitors. The Osaka Industrial Exhibition is one of the world's largest and most famous international exhibitions for outsourcing, subcontracting, and parts processing, with numerous professional buyers attending with blueprints to find suppliers. Double Effect: Many Japanese exhibitors themselves are looking for suppliers at the exhibition. Exhibition Scope 1. Transmission Technology Zone: Bearings, linear motion devices, ball screws, gears, reducers, clutches, belts, chains, etc. 2. Tool Zone: Cutting tools, carbide tools, tools and fixtures, end mills, spindles, tool materials, etc. 3. Mechanical Spring Zone: Coil springs, leaf springs, tension springs, spring machines, spring testers, etc. 4. Engine/Motor Zone: AC/DC motors, servo motors, stepper motors, transmissions, controllers, inverters, motor-related electromagnetic coils, magnetic materials, electrical insulation materials and related application products. 5. Testing, Measurement and Sensor Zone: Various testing instruments/equipment, sensors and other measurement-related technologies. 6. Fluid Power Zone: Hydraulic equipment, pneumatic equipment, hydraulic equipment seals, packaging, connectors, pipes, pumps, etc. 7. Deburring and Surface Finishing Technology Zone: Various blasting technologies, barrel polishing, chamfering machines, power brushes, electropolishing, grinding wheels, grinding stones, etc. 8. Mechanical Components and Related Products Zone: Various mechanical components, such as control levers, casters, shock absorbers, fasteners, and OEM processed products. 9. Feeder/Parts Inspection Zone: Feeders, parts inspection equipment, defective parts detection devices, etc. 10. Fastener and Fixing Technology Zone: Bolts, nuts, pins, washers, shafts, rivets, adhesives, screw fastening tools, torque measuring tools, welding tools, etc. 11. Surface Treatment and Modification Technology Zone: Surface treatment and modification technologies, such as electroplating, surface coating, spraying, various materials and testing equipment. 12. Ultra-precision Machining/Precision Machining Zone: Various metal/plastic ultra-precision machining and close-tolerance machining technologies. 13. Large/Thick Part Machining Zone: Large/thick part-specific metal/plastic processing technologies. 14. Materials and Manufacturing Processes Zone: Metal/plastic processing technologies, forging, such as cutting, molding, melting, die casting, projection molding machines, various materials. 15. Industrial Cleaning Zone: Cleaning machines, vacuum cleaners, dryers, water/chemical treatment technologies, outsourced cleaning services, etc. 16. Investment Promotion Zone: Exhibitors include countries, local governments, industrial parks, local development offices, local economic development zones, and foreign investment associations from all over the world, aiming to attract Japanese investment and investment promotion. 17. Difficult-to-Machine Material Processing Technology Zone: Companies with processing technologies for special metals such as stainless steel, titanium alloys, Kovar alloys, magnesium alloys, aluminum alloys, and Hastelloy alloys, and special metal material companies seeking solutions for special alloy processing. 18. Factory Equipment Zone: Industrial hardware tools, labor protection products, electromechanical products, factory-related equipment. 19. Industrial Design, 3D Printing Zone etc. Images in the text are from the official website. Shandong Zhenghe International Exhibition Co., Ltd. 9th Floor, Building 1, Xiangtai Plaza, Yingxiongshan Road, Shizhong District, Jinan City Hanshijiang: 0531-67815795 Wuliming: 0531-86975005 Duan Qi: 0531-82761908

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08-08

[Provincial B-class Key Subsidy] 2022 Japan Osaka International Mechanical Components Exhibition (M-Tech)

As of "7" | Registration opens for the 2022 USA (Chicago) International Private Label Expo

Exhibition Overview Exhibition Date: November 14-15, 2022 Exhibition Venue: Donald E. Stephens Convention Center, Chicago, USA Exhibition Cycle: Annual Organizer: Private Label Manufacturers Association (PLMA) Exhibition Organizer: Shandong Zhenghe International Exhibition Co., Ltd. Exhibition Introduction PLMA’s Chicago Private Label Trade Show has successfully been held for 41 editions. It is the only trade show in the Americas entirely dedicated to private labels; it offers a unique opportunity to meet retail decision-makers and serves as a platform for retailers and suppliers to negotiate and build their private label businesses, making it an excellent way for companies to enter the private label retail market in the Americas. A similar exhibition is held annually in May in Amsterdam. In 2019, 1,439 companies from 54 countries and regions participated, with 2,570 booths, 54 national pavilions, 429 international exhibitors, and over 5,200 professional buyers. Buyers came from supermarkets, drug chains, mass merchandisers, discounters, clubs, dollar stores and convenience stores, online and specialty retailers, food service distributors, and wholesalers. Products covered thousands of categories. Including food, beverages and snacks, health and beauty, over-the-counter drugs, household paper and cleaning products, housewares, and general merchandise. Fresh and organic foods will also be featured at PLMA’s 2022 exhibition, as retailers are seeking suppliers who can introduce these categories into their stores. Market research shows that plant-based diets already have a loyal following among shoppers, so this market continues to grow. With consumers more interested in cooking than ever, exhibitors with private label kitchenware and lifestyle products will be a significant part of the show floor. Market Analysis Today’s retailers place great emphasis on expanding store brands to address growing consumer trends. PLMA’s trade show reflects the latest consumer preferences and choices. Every major private label category is covered at the exhibition, allowing attendees to see the latest market trends. Therefore, many retailers bring their entire sourcing teams, including category managers and packaging specialists, to the show. For exhibitors, this is a rare opportunity to collaborate with customers and develop products to increase sales. Walmart began launching its private label – Great Value – in 1992. After more than 20 years of development, Great Value’s sales have reached nearly 10 billion US dollars, with the brand encompassing 2,000 products, bringing significant sales performance and considerable profits to Walmart. Exhibits Scope Food Category: Canned food, cereals, pastries, beverages, frozen and refrigerated food, fresh food, instant food, nuts, candies and biscuits, desserts and puddings, jams, bread spreads and condiments, shelf-stable food; Apparel and Accessories Category: Shoes, knitted garments, bathrobes, scarves, towels, shawls, and other home textile products; Home and Handicrafts Category: Household appliances (wardrobes, cookware, tableware, food storage, small household appliances, lamps, etc.), handicrafts (decorations, etc.), woven crafts, etc.; Health and Beauty Category: Baby care (diapers, baby cream, etc.), adult hygiene products, pharmaceuticals and vitamins (tablets, capsules, ointments, vitamins), hair care products (shampoo, conditioner, styling spray, gel, hair growth and dyeing products), skincare products (cleansing, moisturizing, sun protection, etc.), cosmetics, health and first aid; Pet Products Category: Pet food and supplies; Recreation and Leisure Category: Fitness equipment, games, toys, etc.; Daily Necessities Category: Tableware, laundry detergents, insecticides, plastic products, etc.; Office Supplies Category: Various office stationery and educational supplies; Packaging Products Category: Food packaging, biodegradable packaging. Contact Information Shandong Zhenghe International Exhibition Co., Ltd. 9th Floor, Building 1, Xiangtai Plaza, No. 129 Yingxiongshan Road, Jinan City Sun Linan: 0531-82708506 Tang Xiaoxu: 0531-82975912 Wang Weipeng: 0531-86565995

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07-01

As of "7" | Registration opens for the 2022 USA (Chicago) International Private Label Expo

Shandong's foreign trade shows strong vitality from January to May

According to statistics from Qingdao Customs, Shandong Province's foreign trade imports and exports totaled 1.27 trillion yuan in the first five months, a year-on-year increase of 17.3%. Exports reached 757.25 billion yuan, up 26.8%, while imports reached 512.78 billion yuan, up 5.6%. In the ranking of the top six provinces and cities in terms of import and export growth, Shandong ranked third, after Beijing and Zhejiang; its export growth rate ranked first; and its import growth rate ranked fourth, after Beijing, Zhejiang, and Jiangsu. Shandong's import and export, export, and import growth rates all exceeded the national average. In May, Shandong's import and export value jumped to fourth place nationally. Import and export value in May reached 299.95 billion yuan, a year-on-year increase of 28.0%. Exports reached 184.57 billion yuan, up 41.8%, while imports reached 115.38 billion yuan, up 10.7%. According to relevant personnel from the Shandong Provincial Department of Commerce, the main characteristics of Shandong's foreign trade imports and exports in the first five months are: Zaoyang, Weifang, Jining, Taian, Jinan, Binzhou, and Heze showed higher growth rates. In the first five months, Qingdao's imports and exports totaled 339.08 billion yuan, an increase of 6.8%, accounting for 26.7% of Shandong Province's total imports and exports during the same period, a decrease of 2.6 percentage points. Zaoyang, Weifang, Jining, Taian, Jinan, Binzhou, and Heze's import and export growth rates exceeded the provincial average, reaching 121.2%, 64.8%, 48.7%, 43.3%, 39.3%, 32.9%, and 30.2% respectively. General trade and bonded logistics imports and exports maintained rapid growth. In the first five months, Shandong's general trade imports and exports totaled 844.35 billion yuan, an increase of 16.3%, accounting for 66.5% of the province's total imports and exports. During the same period, bonded logistics imports and exports totaled 212.16 billion yuan, an increase of 54.4%; processing trade imports and exports totaled 182.32 billion yuan, an increase of 2.4%. Private and state-owned enterprises' imports and exports grew rapidly, while foreign-invested enterprises' growth was relatively low. In the first five months, private enterprises in Shandong's imports and exports totaled 919.92 billion yuan, an increase of 22.5%, accounting for 72.4% of the province's total imports and exports, an increase of 3.1 percentage points. During the same period, foreign-invested enterprises' imports and exports totaled 236.82 billion yuan, an increase of 0.7%; and state-owned enterprises' imports and exports totaled 112.88 billion yuan, an increase of 19.0%. Imports and exports to most major markets maintained growth, with faster growth in imports and exports to countries along the Belt and Road. In the first five months, ASEAN, the United States, the European Union, South Korea, Japan, Russia, and Brazil were Shandong's top seven trading partners, accounting for a total of 62.4% of the province's total foreign trade imports and exports. Imports and exports with ASEAN totaled 224.56 billion yuan, an increase of 44.5%; with the United States, 140.26 billion yuan, an increase of 18.9%; with the European Union, 117.53 billion yuan, an increase of 10.5%; with South Korea, 111.64 billion yuan, an increase of 9.7%; with Japan, 77.95 billion yuan, an increase of 13.1%; with Russia, 61.14 billion yuan, an increase of 30.0%; and with Brazil, 59.02 billion yuan, a decrease of 11.3%. During the same period, Shandong's imports and exports with other RCEP member countries totaled 470.9 billion yuan, an increase of 22.2%, accounting for 37.1% of the province's total imports and exports, an increase of 1.5 percentage points. Imports and exports with countries and regions along the Belt and Road totaled 461.16 billion yuan, an increase of 33.8%, accounting for 36.3% of the province's total imports and exports, an increase of 4.5 percentage points. Exports of electromechanical products, labor-intensive products, and agricultural products all maintained double-digit growth. In the first five months, Shandong's exports of electromechanical products totaled 315.81 billion yuan, an increase of 21.1%, accounting for 41.7% of total exports. Exports of auto parts totaled 48.14 billion yuan, an increase of 15.1%; electrical equipment, 19.55 billion yuan, an increase of 48.9%; and electronic components, 18 billion yuan, an increase of 47.4%. During the same period, exports of labor-intensive products totaled 146.85 billion yuan, an increase of 27.6%, accounting for 19.4% of total exports; and agricultural product exports totaled 54.48 billion yuan, an increase of 11.5%, accounting for 7.2% of total exports. Imports of crude oil and soybeans decreased in volume but increased in value, while imports of iron ore decreased in both volume and value; imports of electromechanical products maintained rapid growth. In the first five months, Shandong's imports of 14 major bulk commodities totaled 297.31 billion yuan, an increase of 6.5%, accounting for 58.0% of total imports, an increase of 0.5 percentage points, driving import growth by 3.7 percentage points. Crude oil imports totaled 35.538 million tons, a decrease of 21.0%, with a value of 156.69 billion yuan, an increase of 17.1%, and an average price of 4409.2 yuan per ton, an increase of 48.2%; iron ore imports totaled 41.545 million tons, a decrease of 23.3%, with a value of 32.72 billion yuan, a decrease of 44.5%, and an average price of 787.5 yuan per ton, a decrease of 27.7%. During the same period, imports of electromechanical products totaled 95.18 billion yuan, an increase of 12.1%; and agricultural product imports totaled 59.75 billion yuan, an increase of 0.2%. Since the beginning of this year, Shandong has continuously strengthened policy supply, issuing the "Action Plan for Stabilizing and Improving Foreign Trade in 2022", proposing 32 policy measures focusing on improving the development level of new formats, strengthening financial guarantees, expanding export credit insurance, foreign exchange hedging, smoothing international freight, and customs clearance facilitation, to promote the continuous growth of the scale of goods trade.

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06-23

Shandong's foreign trade shows strong vitality from January to May
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