Tungsten Products

Tungsten products are Chengdu's main commodities exported to its fifth-largest tungsten carbide bars trading partner - Japan, as per statistics of the Chengdu Commerce Bureau, from January to September in 2019, the total import and export volume of the city has reached 415.61 billion yuan, an increase of 18.6% year-on-year. Among them, Japan, as the city's fifth-largest trading partner, with import and export figures of 22.79 billion yuan over the same period. The exports are mainly tablet computers, notebook computers, Chinese herbal medicine, tungsten products, etc., and its imports are mainly auto parts.

Relevant personal in charge of the Chengdu Commerce Bureau introduced that the city focuses on the core strategic functions and builds a "5 + 5 + 1" key industrial system, emphasizes on the five major industries of electronic information, equipment manufacturing, medicine and health, new materials, and green food, devotes to develop five key areas of the exhibition economy, customized tungsten carbide financial service industry, modern logistics industry, cultural tourism industry, and living service industry, and steps on the new economy and cultivate new momentum.

Japan had seized the foremost wave of opportunities in China's reform and opening-up and occupied a tremendous market in China. However, along with entering the 21st century, the slow upgrading of Japanese industries and the fluctuations in China-Japan mutual trust have affected Japanese companies in China's market. Both the nation's economic and trade cooperation should be further transformed and upgraded. For example, following the establishment of the China-Korea Innovation and Entrepreneurship Park in Hi-tech Zone, the Sino-Japanese Industrial Park has also been located in the city.

According to the data, as of September 2019, Japan is the fourth-largest foreign investor in the city, with a direct investment of US $ 1.953 billion, mainly in industrial manufacturing and commercial retail industry.

Chengdu is an inland city, as well as the sub-provincial of Sichuan province, the "big channel, big platform, big economy, and big exchanges", have made the city an important gateway city in western China. After "The Belt and Road" initiative was proposed in 2013, Sichuan proposed a strategic policy of "emphasizing the south, enhancing the east, deepening the west, and expanding the north". The city is both the starting point and the fulcrum of the four-way expansion. The city also has its strategy, which is to build a high-level international gateway hub in the west and open land for the inland economy, fully integrate and actively serve the "The Belt and Road ". The tungsten products as the main exports to Japan shows the city of serving the overall situation of national openness, serving the region in a coordinated and open manner.