The rise of Chinese e-commerce platforms has boosted the popularity of "Made in China" products around the world
February 18, 2024
With the accelerated merger of digitalization and globalization, Chinas e-commerce platform and its accompanying logistics services are rewriting the global retail market pattern.In 2023, China will first outperform the United States to become South Koreas largest cross-border e-commerce import source, a milestone symbolizing the continued rise in Chinas e-commerce and logistics platforms global influence and competitiveness.
U.S.-Mexico trade surpasses China and the United States, and China's manufacturing industry faces the challenge of “de-risking”
February 18, 2024
In the current global economic pattern, China’s manufacturing industry is facing unprecedented shifts. A recent article published on the Singapore Asian News Station website explores whether the “risk de-risk” trend predicts the end of China’s manufactured goods. For a long time, China, as the United States’ largest trading partner, has now been replaced by Mexico.
India is optimistic that GDP growth will exceed 7% in the next few years%
February 6, 2024
Although the world is facing rising geopolitical risks and multiple economic reversals, the Indian government has shown an unusual optimism. According to the latest official economic assessment report, the Indian government predicts that the next fiscal year (2024-25) GDP will grow more than 7% and is likely to maintain this rapid growth trend over the next few years. This prediction is based on domestic demand.
Natural rubber prices soar as China's demand grows and Thailand's harvest suffers
February 5, 2024
As Chinas demand for new energy vehicles continues to grow, natural rubber prices have recently witnessed a significant rise.This trend is driven by multiple factors, including the strong demand of the Chinese market, the revenue of the producing country Thailand, and the global markets concerns about future supply. Natural rubber, as a key raw material for car tyres, its price fluctuations have caused the global rubber product industry to grow.
The global semiconductor market is expected to recover in 2024: AI and electric vehicles drive growth
February 4, 2024
The global semiconductor market is expected to see a significant improvement in the second quarter of 2024, driven by the high demand for generated artificial intelligence (AI) data centers and pure electric vehicles (EVs) for semiconductors, indicating an increase in output for large semiconductor enterprises. This shift marks the “silicon cycle” – the semiconductor industry with a three to four-year cycle of prosperity and downturn – a boost to the global economy.
Analysis of U.S. apparel and home furnishing retail and import data for December 2023
February 2, 2024
According to recent data released by the US Department of Labor, the US apparel retail sector showed continued improvement in December 2023, while household consumption showed a significant decline. This change reflects adjustments in consumer spending habits and changes in market dynamics. 1. Apparel retail growth, household consumption decline The US Consumer Price Index (CPI) in December 2023...
New foreign trade regulations to be implemented in February 2024 and their impact
1 February 2024
With the arrival of February 2024, a series of new rules that have far-reaching effects on foreign trade have officially entered into force. These new rules not only involve chemical import and export management, industrial structure adjustment, geographical indication product protection, but also include the mutual visa exemption agreement with Singapore, anti-dumping investigations, facilitating measures for foreigners to come to China, and the update of the foreign trade and foreign investment tax policy guidelines.
China's magnesium metal exports will drop sharply in 2023
January 31, 2024
In December 2023, both the quantity and value of Chinas exports of metallic magnesium products decreased. According to Chinese customs statistics, the export volume for the month was 35,600 tons, a decrease of 5.6% month-on-month and 10.1% year-on-year; the export value was $113 million, a decrease of 8.1% month-on-month and 28% year-on-year. Throughout 2023, Chinas performance in the global metallic magnesium market also showed a similar downward trend...
EU suspends WTO trade case against China over Lithuania dispute
January 30, 2024
According to a report by EFE on January 26, the European Union has decided to suspend its lawsuit against China at the World Trade Organization (WTO), a dispute involving Chinas trade restrictions on Lithuania. This decision was made after Taiwan opened a so-called representative office in Lithuania in 2021. According to the latest news from the South China Morning Post in Hong Kong, the EU has informed the WTO...
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