An XGM factory. [Photo/The official news website of Taizhou]

Many foreign trade companies in Taizhou, East China's Zhejiang province, have seen a surge in orders as overseas market demand continued to rise after Chinese New Year. To seize the opportunity, companies are working overtime to fulfill orders and secure a strong start to the year.

XGM, a leading supplier of automotive shock absorbers in China, has seen orders for the European and North American markets booked until July. General Manager Jiang Ruifeng said the company's order backlog had reached 10 million units, with sales expected to total around 2 billion yuan ($290 million), far surpassing last year's production.

The company's efficient order fulfillment is supported by advanced equipment. In January 2023, XGM launched its Future Factory project with a 350 million yuan investment. This move integrated new information and manufacturing technologies, significantly improving production efficiency and reducing operating costs.

Zhejiang Aolinda Industry, a toy manufacturer, is also experiencing strong demand. He Qi, the company's deputy general manager, said export orders have already extended into June, with sales exceeding 6 million yuan, and the company is confident about continued growth and is preparing to launch several new products.

Taizhou's foreign trade enterprises are pushing ahead with production and ensuring timely deliveries, with increasing investment in product development and innovation to maintain stable growth in foreign trade.