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Feb 21

Why cross-border e-commerce is good news for Chinese brands

Cross-border e-commerce is playing an increasingly vital role in stabilizing China’s foreign trade and economic growth amid the recovery from the COVID-19 pandemic’s impacts, even as the external environment continues to present headwinds. Market observers attribute this trend to more and more Chinese vendors selling their products globally through cross-border e-commerce platforms. As a new form of foreign trade, cross-border e-commerce has emerged as a key pathway to mitigate the impact of the pandemic on foreign trade. It is also Read Full Details…

Feb 20

China’s taking control of LNG as global demand booms

A rush by China to sign new long-term liquefied natural gas (LNG) deals promises to give the nation even more control over the global market at a time when competition for cargoes is booming. Chinese companies are sealing the most LNG purchase agreements of any nation and increasingly are becoming the sector’s key import intermediary. The Chinese buyers are reselling many of the cargoes to the highest bidders in Europe and Asia, effectively taking charge over a hefty chunk of Read Full Details…

Feb 17

Imports and Exports of Copper Semis Slumped in January due to CNY holiday

SMM expects that China’s copper semis imports in January to have fallen 33.41% MoM and 47.41% YoY to 22,000 mt. Exports are estimated to stand at 31,500 mt in January, down 36.18% MoM, and down 55.82% YoY. We believe that the sharp month-on-month drop in copper semis imports in January was due to the CNY holiday. According to customs data, the total import volume of copper rods and copper wires from January to December 2022 was 142,100 mt, a significant Read Full Details…

Feb 15

Vietnam, China boost import-export activities of agricultural products

Accordingly, the Ministry of Agriculture and Rural Development yesterday collaborated with the People’s Committee of Lang Son Province to host the conference. The People’s Committee of Lang Son Province said that although China has eased Covid-19 pandemic control on cargo import-export and customs clearance at the border gates, Vietnamese drivers have to show the Covid-19 test certificate via PCR method lengthening the waiting time at the gates and increasing costs. Besides, the Asia-Africa Market Department under the Ministry of Industry Read Full Details…

Feb 12

China Focus: China’s warming foreign trade boosts global economic recovery

The booming orders at the beginning of 2023 mark a robust rebound in foreign trade in south China’s Guangdong Province, a primary economic hub, injecting new impetus into the global economic recovery. With eased epidemic controls and resumed international communication, particularly the economic and trade contacts, some factories in Huizhou City, Guangdong, are facing surging orders from overseas and a growing demand for industrial workers. Fierce competition to grab orders in the broad overseas markets is also in sight among Read Full Details…

Feb 09

China’s exports, imports tumble

Both exports and imports plunged in China last month, official data showed on Friday, as Covid tore through the economy and global demand weakened. Exports contracted by 9.9% in December year-on-year, following an 8.7% fall in November. December’s decline was the worst since February 2020, although it was ahead of forecasts for a 11.1% slide. Imports fell 7.5%, although that was a marginal improvement on November’s 10.6% decline and better than forecasts for a 9.8% drop. The trade surplus widened Read Full Details…

Feb 08

Overseas Demand Continues to Affect Cargo, Exports at Chinese Ports

Fitch Ratings-Shanghai/Hong Kong-07 February 2023: China’s total cargo throughput was up by 3% yoy in 4Q22, while foreign trade cargo declined by 1% yoy at eight major coastal ports, mainly due to continued weakening overseas demand, says Fitch Ratings. Total container throughput increased 7% yoy in 4Q22, driven by newly opened shipping routes and sea-rail transportation routes along with Regional Comprehensive Economic Partnership Agreement, which took effect in January 2022. Export value declined 7% yoy for the first time since Read Full Details…

Feb 08

China’s higher feed corn use could hit barley prices

China is using more corn in feed rations, which could result in lower feed barley prices in Western Canada, says an analyst. “Feed mills have resumed mixing more corn in feed rations as higher prices for wheat and sorghum reduce demand for corn alternatives,” the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS) said in a recent report. Mills are using more corn due to higher Chinese production of the commodity and falling import prices. China’s corn production in 2022-23 Read Full Details…

Feb 06

Exporters to get help in expanding order books

BEIJING: China will support its exporters to participate in various business exhibitions abroad and closely cooperate with trading partners to put its foreign trade growth on a firmer footing in 2023, government officials say. Against external headwinds including cooling prospects for overseas demand and lingering geopolitical conflicts, these activities will create more opportunities for China’s export-oriented companies, and a series of offline domestic trade fairs, like the China Import and Export Fair, or Canton Fair, in Guangzhou, Guangdong province, will Read Full Details…

Feb 06

China’s central, western regions attract more foreign investment

Leveraging advantages, inland areas grab competition from big industries China’s central and western regions are expected to further leverage their advantages in combined production costs to attract more foreign investment amid competition from some neighboring countries and the country’s push for high-quality development, according to experts. In particular, the central and western regions are forecast to better receive foreign investment relocated from labor-intensive industries in coastal areas where labor costs have increased, they said. Recent data have repeatedly demonstrated that Read Full Details…