China-US Tariffs/Precautions

Chinese enterprises take effective precautions ahead of new US tariffs

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Shotlist


Yuhang District, Hangzhou City, Zhejiang Province - Recent (CCTV - No access Chinese mainland)
1. Various of inside textile company, employees working
2. SOUNDBITE (Chinese) Zhu Haicheng, lawyer, Yuhang Textile Association(partially overlaid with shot 3):
"We feel such voices are actually very harmful to entrepreneurs in front of the upcoming and very cruel trade war, or trade tensions. So we acted quickly. Based on our professional analysis, we feel that for the textile products to be listed on the tariff list, it's just a matter of time. Whether it will happen in one month, two months, or three months, I don't know. But our analysis at that time suggests that it will certainly happen. So we wrote a full article about this."
++SHOT OVERLAYING SOUNDBITE++
3. Article published on journal
++SHOT OVERLAYING SOUNDBITE++
4. Various of inside textile company, employees working
5. SOUNDBITE (Chinese) Yang Linshan, chairman, Yuhang Textile Association:
"We should not rely on just one country - the U.S. So we went to expos in Frankfurt, in Singapore, in the Middle East. We tell our member companies to diversify their markets. Don't put all your eggs in one basket. After all, there is still a huge market to tap, within the framework of the Belt and Road initiative."
6. Various of inside textile company, employees working
7. SOUNDBITE (Chinese) Yang Linshan, chairman, Yuhang Textile Association (partially overlaid with shot 9):
"To strength ourselves, to be stronger on the international market, and to make our products truly irreplaceable, that's what our companies should be doing. A trade war could even increase some companies awareness. It could make us calm down, and think about how we should grow, instead of benumbing ourselves by saying how great we are. It could make us concentrate on our technologies, our products, our markets, and our corporate management."
++SHOT OVERLAYING SOUNDBITE++
8. Yang speaking
++SHOT OVERLAYING SOUNDBITE++
9. Various of inside textile company, employees working

Storyline


Textile companies in east China's Hangzhou City have been taking effective precautions against the new U.S. tariffs that were announced on Tuesday.

On Tuesday, the United States announced tariffs on Chinese goods worth 200 billion U.S. dollars. The tariff list might have been a blow to the 120 textile companies in Yuhang District of Hangzhou, capital of Zhejiang Province. But thanks to a local textile association, it's a blow that has already been predicted.

Two month ago, the Yuhang Textile Association published an article on a journal that circulates among its member companies. It predicts the upcoming U.S. tariffs on Chinese textile products, based on professional analysis.

The article, raised concerns among local textile companies, at a time when blind optimism was trying to convince entrepreneurs that the tariffs would be targeted at high-tech products, while textile would stand aloof.

"We feel such voices are actually very harmful to entrepreneurs in front of the upcoming and very cruel trade war, or trade tensions. So we acted quickly. Based on our professional analysis, we feel that for the textile products to be listed on the tariff list, it's just a matter of time. Whether it will happen in one month, two months, or three months, I don't know. But our analysis at that time suggests that it will certainly happen. So we wrote a full article about this," said Zhu Haicheng, lawyer of the association.

Since then, the association has published five quality articles, providing enterprises with the latest information and professional advises on marketing, exporting and others.

With the information from the association, the enterprises stared to act accordingly.

For example, one of them, that is supposed to be hit by the 10-percent tariffs, started two months ago to restructure their products that will be exported to the U.S. in order to reduce damage.

At the same time, the association has also been offering trainings to companies, and helping these companies to expand their client bases by participating in expos across the world.

"We should not rely on just one country - the U.S. So we went to expos in Frankfurt, in Singapore, in the Middle East. We tell our member companies to diversify their markets. Don't put all your eggs in one basket. After all, there is still a huge market to tap, within the framework of the Belt and Road initiative," said Yang Linshan, chairman of the association.

In order to stay ahead, when the U.S. Congress was hearing the tariff decision on Chinese products worth 50 billion dollars that was announced on June 15, the association sent its lawyer to listen. Besides, it started a live streaming program online, during which the lawyer, together with U.S. attorneys invited, answered questions by over 400 viewers from local textile companies on how to cope with the situation.

With all these measures, the 120 textile companies in Yuhang have been fully aware of the possible impact, and are taking their own actions.

"To strength ourselves, to be stronger on the international market, and to make our products truly irreplaceable, that's what our companies should be doing. A trade war could even increase the awareness of some companies. It could make us calm down, and think about how we should grow, instead of benumbing ourselves by saying how great we are. It could make us concentrate on our technologies, our products, our markets, and our corporate management," Yang said.


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  • ID : 8091219
  • Dateline : Recent
  • Location : Yuhang,Zhejiang,China
  • Category : economy, business and finance
  • Duration : 2'16
  • Audio Language : Chinese/Nats
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Published : 2018-09-21 11:04
  • Last Modified : 2018-09-22 20:37:00
  • Version : 5
  • ID : 8091219
  • Dateline : الأيام الأخيرة
  • Location : يويهانغ,تشجيانغ,الصين
  • Category : economy, business and finance
  • Duration : 2'16
  • Audio Language : الصينية/الصوت الطبيعي
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Published : 2018-09-21 18:37
  • Last Modified : 2018-09-22 20:37:00
  • Version : 5
  • ID : 8091219
  • Dateline : Недавнее
  • Location : Чжэцзян,Китай
  • Category : economy, business and finance
  • Duration : 2'16
  • Audio Language : Китайский/Естественный звук
  • Source : China Central Television (CCTV)
  • Restrictions : Недоступно материковой части Китая
  • Published : 2018-09-21 18:20
  • Last Modified : 2018-09-22 20:37:00
  • Version : 5
  • ID : 8091219
  • Dateline : Reciente
  • Location : Hangzhou,Zhejiang,China
  • Category : economy, business and finance
  • Duration : 2'16
  • Audio Language : Chino/Nats
  • Source : China Central Television (CCTV)
  • Restrictions : No acceso a la parte continental de China
  • Published : 2018-09-21 18:29
  • Last Modified : 2018-09-22 20:37:00
  • Version : 5

China-US Tariffs/Precautions

Chinese enterprises take effective precautions ahead of new US tariffs

Dateline : Recent

Location : Yuhang,Zhejiang,China

Duration : 2'16

  • English
  • العربية
  • Pусский
  • Español


Yuhang District, Hangzhou City, Zhejiang Province - Recent (CCTV - No access Chinese mainland)
1. Various of inside textile company, employees working
2. SOUNDBITE (Chinese) Zhu Haicheng, lawyer, Yuhang Textile Association(partially overlaid with shot 3):
"We feel such voices are actually very harmful to entrepreneurs in front of the upcoming and very cruel trade war, or trade tensions. So we acted quickly. Based on our professional analysis, we feel that for the textile products to be listed on the tariff list, it's just a matter of time. Whether it will happen in one month, two months, or three months, I don't know. But our analysis at that time suggests that it will certainly happen. So we wrote a full article about this."
++SHOT OVERLAYING SOUNDBITE++
3. Article published on journal
++SHOT OVERLAYING SOUNDBITE++
4. Various of inside textile company, employees working
5. SOUNDBITE (Chinese) Yang Linshan, chairman, Yuhang Textile Association:
"We should not rely on just one country - the U.S. So we went to expos in Frankfurt, in Singapore, in the Middle East. We tell our member companies to diversify their markets. Don't put all your eggs in one basket. After all, there is still a huge market to tap, within the framework of the Belt and Road initiative."
6. Various of inside textile company, employees working
7. SOUNDBITE (Chinese) Yang Linshan, chairman, Yuhang Textile Association (partially overlaid with shot 9):
"To strength ourselves, to be stronger on the international market, and to make our products truly irreplaceable, that's what our companies should be doing. A trade war could even increase some companies awareness. It could make us calm down, and think about how we should grow, instead of benumbing ourselves by saying how great we are. It could make us concentrate on our technologies, our products, our markets, and our corporate management."
++SHOT OVERLAYING SOUNDBITE++
8. Yang speaking
++SHOT OVERLAYING SOUNDBITE++
9. Various of inside textile company, employees working


Textile companies in east China's Hangzhou City have been taking effective precautions against the new U.S. tariffs that were announced on Tuesday.

On Tuesday, the United States announced tariffs on Chinese goods worth 200 billion U.S. dollars. The tariff list might have been a blow to the 120 textile companies in Yuhang District of Hangzhou, capital of Zhejiang Province. But thanks to a local textile association, it's a blow that has already been predicted.

Two month ago, the Yuhang Textile Association published an article on a journal that circulates among its member companies. It predicts the upcoming U.S. tariffs on Chinese textile products, based on professional analysis.

The article, raised concerns among local textile companies, at a time when blind optimism was trying to convince entrepreneurs that the tariffs would be targeted at high-tech products, while textile would stand aloof.

"We feel such voices are actually very harmful to entrepreneurs in front of the upcoming and very cruel trade war, or trade tensions. So we acted quickly. Based on our professional analysis, we feel that for the textile products to be listed on the tariff list, it's just a matter of time. Whether it will happen in one month, two months, or three months, I don't know. But our analysis at that time suggests that it will certainly happen. So we wrote a full article about this," said Zhu Haicheng, lawyer of the association.

Since then, the association has published five quality articles, providing enterprises with the latest information and professional advises on marketing, exporting and others.

With the information from the association, the enterprises stared to act accordingly.

For example, one of them, that is supposed to be hit by the 10-percent tariffs, started two months ago to restructure their products that will be exported to the U.S. in order to reduce damage.

At the same time, the association has also been offering trainings to companies, and helping these companies to expand their client bases by participating in expos across the world.

"We should not rely on just one country - the U.S. So we went to expos in Frankfurt, in Singapore, in the Middle East. We tell our member companies to diversify their markets. Don't put all your eggs in one basket. After all, there is still a huge market to tap, within the framework of the Belt and Road initiative," said Yang Linshan, chairman of the association.

In order to stay ahead, when the U.S. Congress was hearing the tariff decision on Chinese products worth 50 billion dollars that was announced on June 15, the association sent its lawyer to listen. Besides, it started a live streaming program online, during which the lawyer, together with U.S. attorneys invited, answered questions by over 400 viewers from local textile companies on how to cope with the situation.

With all these measures, the 120 textile companies in Yuhang have been fully aware of the possible impact, and are taking their own actions.

"To strength ourselves, to be stronger on the international market, and to make our products truly irreplaceable, that's what our companies should be doing. A trade war could even increase the awareness of some companies. It could make us calm down, and think about how we should grow, instead of benumbing ourselves by saying how great we are. It could make us concentrate on our technologies, our products, our markets, and our corporate management," Yang said.


ID : 8091219

Published : 2018-09-21 11:04

Last Modified : 2018-09-22 20:37:00

Source : China Central Television (CCTV)

Restrictions : No access Chinese mainland

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