Data released by the Ministry of Commerce shows that knowledge-intensive service trade has maintained steady growth. From January to August, exports of knowledge-intensive services reached 929.79 billion yuan, an increase of 15.7%. It is reported that some enterprises have persisted in research and development and innovation, leveraging their technological advantages to seize the commanding heights of industry development in the international market.
In Yongjia, Wenzhou, known as the “Hometown of Pumps and Valves” in China, the production workshop of Chaoda Valve Group Co., Ltd. is bustling with activity, with intelligent CNC lathes and machining centers operating at full capacity to fulfill orders.
Recently, the company has been accelerating the production of a batch of ball valves for international clients. This order comprises more than 200 sets, which will solve the problem of tight project deadlines and insufficient valve supply for international clients.
Last year, Chaoda Valve Group Co., Ltd.’s valve product sales reached 600 million yuan, of which exports reached 72.35 million yuan, 98% of which were under its own brand.