Wenzhou bolsters efforts for trade, SMEs

Expansion drive: Workers produce furniture at a factory in China’s eastern Zhejiang province. The government of Wenzhou is promoting trade in the region and across the country, and beyond, for its local businesses. — AFP

BEIJING: With China encouraging local governments to play a bigger role in sustaining their foreign trade, Wenzhou, a coastal city in East China’s Zhejiang province, will further reinforce the resilience of its industrial chains and facilitate companies in securing more export orders, say market watchers and exporters.

As a major industrial and export hub in the Yangtze River Delta region, the city introduced an “industrial chain chief” scheme to ensure employment, the operation of its foreign trade sector and its industrial chains in May this year.