Category: China

Country China
Profile: East Asian country known for its ancient civilization, rapid economic growth, and cultural heritage.
Export-Import Data: Exports electronics, machinery, textiles, and consumer goods. Imports machinery, minerals, and fuels.
Trading Partners: United States, European Union, ASEAN countries.
Future Opportunities: Technology innovation, domestic consumption growth, and Belt and Road Initiative investments.

Feb 01

Brazil, U.S., Ukraine, Australia Grain Exports, and China Growth, in Focus

“China recently was buying record amounts of Brazilian corn but with supplies in South America now running thin demand will shift to the US through July when Brazil should start exporting a record safrinha crop. Safrinha is a second-crop corn planted after the soybean harvest. “‘Of course we lost some bean business but the corn business basically is going to be with us until the crop in Brazil,’ said ADM Chief Executive Officer Juan Luciano. ‘And the US will be Read Full Details…

Feb 01

China hikes Aluminium tariffs but export boom already over

China raised export tariffs on unwrought primary aluminium and alloy at the start of this year after a rare burst of export activity in the first part of 2022. The country, which was a huge importer of unwrought aluminium in both 2020 and 2021, briefly emerged as supplier of last resort, particularly to Europe, where multiple smelters curtailed operations due to high power prices. The tariff increases fit with China’s long-standing policy of encouraging exports of value-add aluminium products rather Read Full Details…

Jan 31

India’s imports from China reach record high in 2022, trade deficit surges beyond $100 billion

India’s bilateral trade with China reached a record $135.98 billion in 2022, Chinese Customs data showed on January 13, 2023, driven by surging Indian imports of Chinese goods that were up by more than 21% last year. India’s exports to China, however, fell in 2022, driving an already significant trade deficit beyond the $100 billion-mark for the first time. Source : thehindu.com/ For more Details

Jan 31

MOFCOM Intends to Ban/Restrict Exports of 139 Technologies Involving Steel, Nonferrous Metals, Photovoltaics, Semiconductors

SHANGHAI, Jan 31 — On December 30, 2022, the Ministry of Commerce of the People’s Republic of China (MOFCOM) published on its official website the Notice for Public Comments on the Revised Catalogue of Technologies Prohibited and Restricted from being Exported in China. The deadline for comments and feedback is January 28, 2023. The revised Catalogue includes a total of 139 items, including 24 items of prohibited export technologies and 115 items of restricted export technologies. Many of them involve Read Full Details…

Jan 30

China Import and Export Licensing Management in 2023: List of Goods Impacted

Since the start of 2023, new rules and regulations are set to impact the operations of foreign businesses in China. Among others, China has announced adjustments to export and import administration, such as simplifying registration procedures and lowering tariffs. In this article, we discuss which goods will be subject to import and export licensing management in 2023 under the updated regulation. China’s import and export licensing frameworkChina’s customs authorities will require a trading company to be equipped with proper import Read Full Details…

Jan 29

Both Imports and Exports of Stainless Steel Decreased Significantly in Dec Due to Dismal Overseas Trades

According to SMM statistics, China imported 237,100 mt of stainless steel in December 2022, a month-on-month decrease of 18.8% and a year-on-year decline of 12.4%. The amount of stainless steel imported from Indonesia was 189,800 mt, down about 18.2% on the month and down 10.79% from the previous year. The proportion of imports from Indonesia to the total imports fell to about 69%, mainly because a large stainless steel plant in Indonesia was shut down in December. After the Chinese Read Full Details…

Jan 27

China EximBank raises credit support to foreign trade industry

The Export-Import Bank of China (China EximBank), which is a state-funded and state-owned policy bank supporting China’s foreign trade, had increased credit support for the foreign trade industry in 2022.Towards the end of 2022, China EximBank’s outstanding loans to the country’s foreign trade industry totalled 2.87 trillion yuan (around $423.92 billion), which was an increase of 470 billion yuan compared to the start of the year, according to local media reports. Outstanding loans in yuan and other currencies that were Read Full Details…

Jan 21

Slumping China-bound Japanese exports raise fears of global downturn

Japan’s export growth slowed sharply in December as China-bound shipments fell for the first time in seven months, stoking fears of further slowdown in the global economy and external demand for Japanese shipments. Exports rose 11.5% year-on-year in December after a gain of 20% in November, marking the slowest growth since the start of 2022, dragged down by a fall-off in sales to China of cars, auto parts and chip-making machinery, Ministry of Finance (MOF) data showed on Thursday. The Read Full Details…