China Import and Export News

07/06/2020

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12/03/2020

【China's local governments must help people get back to work】
Many businesses are still facing labor shortages and supply-chain disruptions, the China Daily said. Governments at all levels “should be helping businesses get back to their feet, which is of no less importance now than efforts to contain the virus.
Is that the signal to recover the production in China?

10/03/2020

【Coronavirus: China export slump ‘on par with global financial crisis’ as surprise trade deficit concerns Beijing】China’s trade deficit in the first two months was US$7.1 billion, the first since March 2018, which could hit recovery hopes from coronavirus shutdown.

05/12/2019

【China’s man in Washington says US building ‘Berlin Wall’ against Beijing】
Speaking at the US-China Business Council’s annual gala in Washington on Wednesday, ambassador Cui Tiankai said “obstinate prejudice” was behind criticism directed at the Chinese government for its policies on trade and investment, Hong Kong and the Xinjiang Uygur autonomous region.

28/10/2019

Hello everyone, it has been a long time without updating the news. But, what about you? Do you have any news to share with others in here. Waiting for you.

16/10/2019

【China - Singapore Free Trade Agreement (CSFTA) now is effective from today 16th Oct.】

08/10/2019

【China-US trade war】China’s Vice-Premier Liu He will lead a delegation of major economic officials for a new round of high-stakes trade talks with the United States in Washington on Thursday and Friday, with only days to go until further US tariffs apply to Chinese products on October 15.

And what will happen this time? Let's keep eyes on it.

18/09/2019

【Technology will win or commerce?】
Opportunities await Shanghai and Shenzhen after the Chinese government unveiled blueprints for the long-term developments of the two cities.

“The blueprints for the two cities are aimed at creating a twin engine for a slowing national economy as the leadership shows their resolve in opening up the Chinese market,” said Yin Ran, a Shanghai-based angel investor focusing on manufacturing industries.

17/09/2019

【China -US trade war】Deputy-level U.S.-China trade talks are scheduled to start in Washington on Thursday.

The U.S. Trade Representative’s office said on Monday, paving the way for high-level talks in October aimed at resolving a bitter, 14-month trade war.

What will happen? And the result·······

11/09/2019

【China-US trade war】China grants tariff exemptions to 16 types of US goods ahead of trade war talks.
The exemption will take effect on Tuesday and remain in place until September 16, 2020.

A number of medicines and insecticides are included on the list, while some other products will be eligible for refunds on tariffs already paid, it said.

03/09/2019

【China-US trade war】China lodges WTO trade complaint against US: Govt.

"The Chinese side is stronglydissatisfied and resolutely opposed to that. In accordance with relevant WTO rules, China will firmly safeguard its legitimate rights and interests," Beijing's commerce ministry said in a statement published on its website.

03/09/2019

【Chinese factories】China's massive manufacturing industry unexpectedly expanded last month, according to a closely watched private survey. But the country's economic outlook is still cloudy as the US-China trade war intensifies.

The surprising pickup was likely because of strong spending on infrastructure by local governments, according to Julian Evans-Pritchard, senior China economist for Capital Economics.

02/09/2019

【China-US trade war】
The United States began imposing 15% tariffs on a variety of Chinese goods on Sunday - including footwear, smart watches and flat-panel televisions - as China began imposing new duties on U.S. crude, the latest escalation in a bruising trade war.

29/08/2019

【China-US trade war】US business group urges Donald Trump to delay new China tariffs coming ‘at the worst possible time’.----Will it work?

Americans for Free Trade, comprising 150 industry associations, wants US president to delay levying 15 per cent duties on US$300 billion of Chinese goods.

28/08/2019

【China-US trade war】China's big plan to boost domestic consumption in midst of US trade war.

Beijing called on Chinese exporters, many of whom are caught in the middle of the US-China trade war, to develop their own branded products and expand their domestic sales channels to sell them.

At the same time, the central government wants to expand the cross-border e-commerce import business to more Chinese cities to meet demand for high-quality foreign goods.

28/08/2019

【HONGKONG protests while SHENZHEN reforms】
China using Shenzhen to hedge its bets and reduce reliance on Hong Kong as gateway to West, says long-time global markets adviser

28/08/2019

【Smaller banks may struggle to weather China’s slowing economy, S&P warns】
Tightening financial regulations and a slowing economy as a trade war continues to rage with the United States may force some of China’s smaller banks, including lower-tier city and rural commercial lenders, to merge with larger players or exit the market, S&P Global Ratings said.

27/08/2019

【China's July industrial profits swing to growth but outlook clouded】
Despite the turnaround in headline growth, worsening conditions for businesses exposed to global trade and smaller private sector firms are likely to add to case for more government support to shore up slowing economic growth.

26/08/2019

【China - US trade war】China says it will take 'more steps' to protect interests if U.S. enacts tariffs.

The statement comes after U.S. President Donald Trump on Friday announced an extra 5% duty on some $550 billion of Chinese goods, following China’s announcement of retaliatory tariffs on $75 billion of imports from the United States.

22/08/2019

【China - US trade war】China said on Thursday it hopes U.S. stops wrong tariff action, vows to retaliate if new levies imposed.
“Despite the U.S. decision to delay tariffs on some Chinese goods .... if the United States rides roughshod over China’s opposition and impose any new tariffs, China will be forced to adopt retaliatory actions”, Ministry of Commerce spokesman Gao Feng told a news briefing.

22/08/2019

【Trump’s tariffs on Chinese products might impact your Christmas shopping budget】
With Trump’s trade war with China set to start impacting consumer goods in early September, experts say it may pay to start your holiday shopping earlier than usual this year.

More details:https://www.cnbc.com/2019/08/21/how-trumps-tariffs-on-more-chinese-products-affects-you.html

The Trump administration is set to levy tariffs next month on a range of everyday products, from everyday grocery items to household staples. Here's where experts think consumers will feel the bite.

22/08/2019

【Pay attention to the trade between Canada and China】
Canada's Trudeau says won't back down in dispute with China, urges restraint in Hong Kong

21/08/2019

【The biggest risk to global economic stability】
SYDNEY (Reuters) - Heightened tensions between the United States and China represent the biggest risk to global economic stability, Reserve Bank of Australia (RBA) Governor Philip Lowe said in a private meeting late on Tuesday.

21/08/2019

【China approves $18.7 billion of urban railway projects in southwestern city】
BEIJING (Reuters) - China’s state planner said on Wednesday that it has approved eight urban railway projects worth a total of 131.83 billion yuan ($18.67 billion) in the southwestern city of Chengdu.

The projects are expected to span 176.65 kilometers when completed by 2024, the National Development and Reform Committee said in a statement on its website.

20/08/2019

【Do business with HK, will it bring back the hope? 】Hong Kong’s Chief Executive Carrie Lam said Hong Kong economy faces ‘risk of downturn’ amid protests and she was willing to talk to peaceful protesters to narrow current differences.

She also reiterated the risks of the impact that months of protests will have on Hong Kong, saying that data from the first half of the year has yet to fully reflect the seriousness of the territory’s economic situation.
Last week, Hong Kong’s government announced that it was lowering its 2019 GDP growth forecast to between 0% and 1%, from the original range of 2% to 3%.

20/08/2019

【China’s demand for iron ore pellets】 And high-quality ore is expected to accelerate in 2020 as a result of Beijing’s push to shift dozens of steel mills to coastal regions in its battle to stop smog blanketing industrial cities.

20/08/2019

【Shanghai's private enterprises see double-digit growth in foreign trade in first 7 months】The robust growth in the private enterprises' foreign trade has promoted the continued optimization of the structure of Shanghai's foreign trade.

More info:http://www.chinadaily.com.cn/a/201908/20/WS5d5ba8b2a310cf3e35566d30.html

20/08/2019

【Asian markets bounce on hopes of Chinese stimulus】
Hong Kong (CNN Business)Hong Kong and Chinese stocks are rallying on Monday after China revealed measures to protect and boost its economy.

Hong Kong's Hang Seng Index (HSI) ended up 2.2%, the biggest daily percentage gain in two months.
China's Shanghai Composite Index (SHCOMP) closed 2.1% higher, also the best daily performance since July 1.
Analysts pointed to several developments that likely drove optimism, including an announcement from the People's Bank of China that was meant to prop up the Chinese economy.
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The central bank introduced a plan intended to lower borrowing costs for companies.

19/08/2019

【Japan's exports slip and fears grow】
Exports to China, Japan’s biggest trading partner, shrank 9.3% year-on-year in July, down for a fifth month. The contraction was led by sizable declines of 31.5% in semiconductor production equipment, 35% in car parts and 19% in electronics parts, the data showed.
More info can be found here:https://www.reuters.com/article/us-japan-economy-trade/japans-exports-slip-for-eighth-month-sales-to-china-drop-as-recession-fears-grow-idUSKCN1V9015

19/08/2019

【What do you think the contact between HK's protest and the development plan for SHENZHEN】Beijing wants Shenzhen to become a model of “high-quality development, an example of law and order and civilisation”.
It adds to evidence that Beijing is sidelining Hong Kong in development of the Greater Bay Area.

19/08/2019

【What? FedEx package containing handgun】An investigation has been launched after a FedEx package containing a handgun was sent by a US client to a Chinese sporting goods company in Fuzhou, Fujian province, local police confirmed to the South China Morning Post.

18/08/2019

【What’s Wrong With the Global Economy?】Global markets were seized by fear last week that trade wars were slowing growth in Germany, China and the United States. But the story here is bigger than President Trump and his tariffs.---From The New York Times.
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What should we do? What can we do? How to deal with this situation?🧐

17/08/2019

【Pay attention to the cargo which going to sell in Amazon from China】Because of selling T-shirt with unceptable logo or words, Chinese custom is glaring at the goods export from China to America. Many goods will be examined and last half a month, which means most of them will be delayed to arrive in Amazon's warehouse.

15/08/2019

【Good news for Chinese Sellers】Trump delays tariffs on Chinese goods until December—but not for art and antiquities.

15/08/2019

【Pay attention to your goods to Japan recently】Japan has been hit by heavy rain as the country braces for a severe tropical storm with hundreds of flights cancelled and large areas evacuated. Also it will affect the vessels to berth.