On July 3, 2008, the Provincial Enterprise Confederation and the Provincial Entrepreneur Association jointly released the list of the top 100 enterprises in 2008, and Zhejiang Grand Imp. & Exp. Co., Ltd. won this honor. With the appreciation of the renminbi, the reduction of the export tax rebate rate, the negative impact of the subprime mortgage crisis on the US economy, and the rising labor costs, trade-oriented enterprises are facing unprecedented challenges. Although the total number of trade companies on the list is decreasing this year, Zhejiang Grand Imp. & Exp. Co., Ltd. once again proved its strength with practical actions: the sales revenue in 2007 exceeded RMB 13.35 billion, ranking 29th among the top 100 enterprises in Zhejiang Province. (39th last year) and 6th in Ningbo.