Chinese companies strengthen cross-border trade, investment through RCEP

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Chinese companies strengthen cross-border trade, investment through RCEP

STORY: Chinese companies strengthen cross-border trade, investment through RCEP DATELINE: Jan. 8, 2023 LENGTH: 00:01:46 LOCATION: NANNING, China CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. SOUNDBITE 1 (Chinese): DU PENGQING, Director of international strategy, Guangxi Liugong Machinery Co., Ltd. 3. various of Nanning Customs 4. SOUNDBITE 2 (Chinese): ZHAO HUI, Overseas project director, Guangxi Tus Innovation Cross-border E-commerce Co., Ltd. STORYLINE: Since the Regional Comprehensive Economic Partnership (RCEP) trade pact, the world's largest free trade deal, entered into force a year ago, many Chinese companies have strengthened cross-border trade and investment with reduced costs and higher efficiency. In the first 11 months of 2022, Nanning Customs in south China's Guangxi Zhuang Autonomous Region issued 1,696 certificates of origin under the RCEP, with a value of 754 million yuan. As the RCEP reduces the export costs, enables products to have greater price advantages, and increases the numbe

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