The predecessor of Shanghai Xinyu Development Import & Export Co., Ltd. is Shanghai Xinyu Import & Export Co., Ltd. which was a comprehensive state-owned company of limited liability founded in March of 1993 with approval of Foreign Economic Relations and Trade Commission of Shanghai Municipality. During over ten years since its establishment, the company adhered to market orientation to continuously developed product sources and new trading fields. It upheld reputation and treated customers with sincerity and had won confidence and trust of new or old customers with excellent service. The annual total volume of importing and exporting of Shanghai Xinyu Import & Export Co., Ltd. reached over 50 million US dollars. It ranked among 100 top exporting enterprises successively in 2001 and 2002. The state-owned Shanghai Xinyu Import & Export Co., Ltd. took the lead to be reinstruct

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