Unidirectional carbon fiber fabric
Unidirectional Carbon fiber fabric is a type of textile material that is made up of carbon fibers arranged in a single direction. These carbon fibers are extremely strong and lightweight, making them ideal for use in various industries such as aerospace, automotive, and sports.
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On January 1 this year, the China-ASEAN Free Trade Area was officially completed as planned. This massive economic zone covers a population of 1.9 billion people, with a combined GDP of $6 trillion and a trade volume of $4.5 trillion. The establishment of this free trade area has opened up new and promising opportunities for Chinese entrepreneurs, especially those looking to expand their businesses beyond domestic borders.
"After the completion of the Free Trade Zone, there will be countless business opportunities. We need to build a new 'farmers' overseas!" said Yang Haikong, General Manager of Guangxi Nongken Group Co., Ltd., expressing his excitement to reporters. Over the past few years, the group has focused its overseas investments primarily on ASEAN countries. In October 2007, they signed 42 projects with companies in Indonesia, the Philippines, and other nations, totaling 18.85 billion yuan. These collaborations span industrial park development, biochemistry, agricultural planting, and food processing.
As one of China’s leading manufacturers of internal combustion engines, Guangxi Yuchai began exporting diesel engines to Vietnam in the 1960s. With the growing influence of the China-ASEAN Expo, Yuchai has gained increasing recognition across the region. Today, more than 30,000 Yuchai engines are in use across ASEAN countries, with over 13,000 units exported in 2009 alone.
"Yuchai Group has established offices in five key ASEAN markets, including Indonesia, Thailand, Malaysia, and the Philippines. The formation of the Free Trade Zone will make ASEAN one of our most important regional markets," said Liang Bing, Deputy General Manager of the Overseas Marketing Department at Guangxi Yuchai Machinery Group Co., Ltd.
Guan Yueqing, Chairman of Guangxi Investment Group, sees the completion of the free trade area as a rare opportunity for Chinese enterprises to restructure their industries. "Reduced tariffs, fewer non-tariff barriers, and improved trade and investment facilitation mean that we can now source raw materials like coal, alumina, and pyrite from ASEAN countries. Our processed products, such as fertilizers and aluminum, can also be exported back to the region, creating a win-win situation," he explained.
It's not just Guangxi companies that are excited about the ASEAN market. Entrepreneurs from Shanghai and Beijing are also showing strong interest. Yu Jianming, Deputy Secretary-General of the Shanghai Municipal People's Government's Foreign Economic Relations and Trade Commission, believes that the resource-based economies of Southeast Asian countries complement China’s ongoing economic restructuring. Moreover, many ASEAN nations are investing heavily in infrastructure, which presents significant opportunities for Shanghai-based construction companies.
Over the past five years, trade between Shanghai and ASEAN countries has grown by double digits annually. In terms of foreign engineering contracts, Shanghai has undertaken 54 projects in ASEAN, with a total contracted value of $6.2 billion and driving exports worth $2.3 billion.
"Following the completion of the Free Trade Zone, over 90% of products will face zero tariffs, significantly lowering investment costs. Our projects in ASEAN will become even more dynamic and sustainable," said Luo Tao, General Manager of China Nonferrous Mining Group Co., Ltd., expressing confidence in the future of their ventures in the region.