The list of top 200 import and export volume of Ningbo City of 2014 was published on February 3.

Our company ranked the 11th place in import and export rankings of Ningbo City with USD 765.37 million for the year 2014, enhancing 6 places compared with same period of last year!

At the same time, our company ranked the 5th place in export rankings of Ningbo City with USD 751.64 million, enhancing 3 places compared with same period of last year!

Recently, Department of Commerce of Zhejiang Province promulgated the "Action Plan of Steady Growth and Structure Adjustment of Foreign Trade in 2015". Our group was included in the ten key aircraft carrier foreign trade enterprises of Zhejiang Province

The "Action Plan" indicates that foreign trade situation is still complicated and grim this year. It is necessary to foster new competitive advantages for foreign trade through a series of effective measures to achieve steady growth of foreign trade. To actively cultivate leading export enterprises is an important measure. According to the requirements of the document, the province shall cultivate 10 “aircraft carriers” of over RMB 5 billion yuan export value, 20 “Little Giants” of over RMB 2 billion yuan export value and 100 large enterprises of over RMB 500 million yuan.

Market Union was ranked the 433rd place in 2014 China’s top 500 foreign trade enterprises, and the 65th place in the top 500 private foreign trade enterprises. Entering the ten key aircraft carrier foreign trade enterprises of Zhejiang Province together with many excellent enterprises of the same trade of the province this time is a full affirmation of the efforts over the last eleven years made by Market Union and also is an encouragement to the further development. Facing the new historical opportunities, the diligent staff of Market Union will adhere to the corporate culture of "student ethos", and make persistent efforts to strive to become the real aircraft carrier in foreign trade.

September 17, 2015, "The Sixth China Top 500 Foreign Trade Enterprises Forum" hosted by Statistical Society for Foreign Economic Relations and Trade of China of the Ministry of Commerce held in Beijing. "2015 China’s Top 500 Foreign Trade Enterprises Rankings"  was published on the forum. Our company was selected as one of the 2015 top 500 China’s foreign trade enterprises. Feng Jie, the group CFO and concurrently the assistant to the president of Mu Resources, was invited to participate and accept the award as the representative of top 500 enterprises.

Compared to 2014, China's foreign trade situation is more complex and challenging in 2015. The world economy is still in deep adjustment after the international financial crisis with limited growth momentum and significant differences between countries, which add a new risk to the world economy. This year, our company built the supply chain platform of integrated service for foreign trade with all our strength by actively integrating the upstream and downstream resources of import and export trade, trying to transform from single trade into diversified business. We developed steadily under a complex world economic situation following the "One Belt and One Road" strategy. As one of the import and export trading group company with the largest amount of self-operated import and export business volume and the largest number of employees in Zhejiang Province, Ningbo and Yiwu, Market Union will continue to seize the opportunity to strive to achieve greater breakthroughs in overseas markets.

Statistical Society for Foreign Economic Relations and Trade of China of the Ministry of Commerce recently released the shortlist of 2015 China’s Top 500 Private Foreign Trade Enterprises Rankings. According to the statistical data of General Administration of Customs of the state, our company ranked 88th place (subject to the final ranking) with total import-export volume of USD793,541,711. This is the second time our company entering China’s Top 500 Private Foreign Trade Enterprises, and once again being included in the top 100.

Recently, the import and export data of the first half of this year in Ningbo City was released, showing that Market Union ranked the 8th place in Ningbo City with the export value of USD 265 million (the data is the business data of the group in Ningbo, Yiwu and other regions are not included), which is basically the same as the same period of last year, firmly ranking the first place in export enterprises of groceries category in Ningbo region.

From the second half of last year, affected by the changes in economic environment of Russia, Ukraine and other countries, the situation of export market was once grim, and the business of export to very few countries declined sharply. To effectively deal with the grim situation of overall decline in the foreign trade, the group launched a series of measures internally and externally.

"Inside" is to concentrate on structure and business optimization of the group based on self-development of the company. At the beginning of this year, the group assigned the shares of the former subsidiary Ningbo Peaceport Imp. & Exp. Co., Ltd. as a whole, and strengthened business risk management inside the company, improved business processes, and strategically adjusted business growth to protect benign development of import and export business in the future. Meanwhile, in the first half of this year, the group gradually rearranged the existing business processes, and carried out informatization reconstruction by optimizing and upgrading the group’s website and network service platform of a third party.

"Outside" is to deeply dig into the international market, focusing on providing customers with more and better products and services. In the spirit of "four thousand" of Ningbo's foreign trade, the group worked harder to expand overseas customers through actively participating in major international exhibitions. We further optimized the classification of customers at different levels by means of foreign visits and emphasis on the layout of new market, and thus to provide more professional export service program.

In the second half of this year, the group will continue to pay close attention to internal work, keep a close watch on external demand, and focus on the development of export business. Meanwhile, the group will also upgrade sample show by "Internet +", timely introduce online products display center, continue to deepen the development of "Internet + Culture + Finance" and other new business, provide strong support for the next phase of business development, and explore a transformation and upgrading road of sustainable development.