SOURCE / ECONOMY
New-energy products, solar heating equipment account for three of top 10 best-selling goods from China: report
Published: Dec 05, 2022 05:25 PM

A worker checks electric heaters at a company in Foshan, south China's Guangdong Province, Sept. 29, 2022. Foshan from June to August this year saw the export of heating equipments to countries of the European Union in worth of 94 million yuan (about 13.2 million U.S. dollars), up 154.4 percent year-on-year.(Photo: Xinhua)

A worker checks electric heaters at a company in Foshan, south China's Guangdong Province, Sept. 29, 2022. Foshan from June to August this year saw the export of heating equipments to countries of the European Union in worth of 94 million yuan (about 13.2 million U.S. dollars), up 154.4 percent year-on-year.(Photo: Xinhua)

 
New energy products including household solar heating tools account for three of the top 10 best selling goods from China, according to an industry data released on Monday, highlighting the rapid response of China's industry chain to overseas market demand.

Household solar heating tools, charging piles and electric bicycles were among the items featured on the list, according to cross-border e-commerce platform Alibaba.com on Monday, adding that new energy products which are made domestically have maintained triple-digit growth for three consecutive years.

Household solar heating tools are now popular in European markets driven by soaring energy prices, and government subsidies. 

The sales of domestic electric water heaters, electric heaters surged on the platform in the first three quarters of this year, a d the sales of electric blankets increased by nearly fivefold, with domestic electric bicycles and new energy wall-mounted charging piles also witnessing explosive growth.

The list reflects the resilience of Chinese merchants, and also the market confidence in the high-quality growth of China's foreign trade, according to Zhang Kuo, president of Alibaba.com, adding that made-in-China products are gaining popularity helped with digitalization, and that China's supply chain is playing an increasingly important role in shoring up global trade..

The soccer-related economy has also been one of the driving forces for China's foreign trade. Data showed that, the global buyers of goalkeeper gloves increased 323 percent year-on-year, foosball sales surged by 444 percent, and World Cup medals surged by 126 percent.
 
Rising demand for new energy products was inevitable, said Wei Jianguo, vice chairman of the China Center for International Economic Exchange and former vice minister of the Ministry of Commerce.

As domestic businesses increasingly focuses on cross-border e-commerce platforms, their sensitivity and responsiveness to changing demand in overseas markets has greatly improved, and they have become very adept at winning more market share, he said. 

According to the Yiwu Sports Goods Association, 70 percent of flags belonging to the top 32 teams at the World Cup to trumpets and whistles for cheering, soccer balls, jerseys, scarves and decorations used in Qatar were sourced from Yiwu in Zhejiang Province.

Global Times