Yellen visits Delhi to win over the EU, and the trade war between China, the United States and the EU is about to break out!
May 23, 2024
On May 21, US Treasury Secretary Janet Yellen visited Frankfurt, Germany, and again raised the topic of Chinas overcapacity, calling on the US and its Western allies to respond in a united manner to Chinas growing manufacturing strength. Yellen emphasized that without joint action, industries in Europe and America would face serious threats.
European beekeeping crisis: Chinese honey triggers protests and challenges!
22 May 2024
On May 20, World Bee Day was celebrated globally to raise public awareness of the importance of bees and other pollinators for food security. However, the day was also marked by protests. Beekeepers in many European countries, including France, mobilized to protect Made in Europe honey and resist imports from Asian countries like China.
Japan and ASEAN join forces to build a new alliance for the electric vehicle industry!
May 21, 2024
Amid intensifying competition in the global EV market, Japan and ASEAN countries plan to establish the first automotive production and sales alliance in Southeast Asia. This move marks an important step for Japan in addressing challenges in the EV market.
The United States has increased tariffs on Chinese products, raising concerns of a global trade war
20 May 2024
Recently, US President Joe Biden announced significant tariff increases on various industrial and technological products exported from China, a move that could trigger a global trade war with far-reaching negative impacts on the international economy. According to the latest forecast from the World Trade Organization (WTO), after recording a contraction of over 1% in 2023, global merchandise trade is expected to grow by only 2.6% in 2024.
The global shipping market is tight: freight prices have soared, and foreign trade companies are facing challenges!
May 17, 2024
In recent years, the volatility of the international maritime market has increased and has recently been affected by the red sea crisis, and the global maritime market has once again experienced extreme tension. Ships circumvent, fleet turnover rate has decreased, coupled with shipping company strategic adjustments, making the overall class position unusually tense in May, and shipping prices are expected to continue to rise in the next two weeks.
New opportunities for air freight under geopolitical tensions: e-commerce drives growth!
May 16, 2024
Driven by e-commerce, the global air cargo market continues to show positive growth trends. However, geopolitical tensions, such as continued instability in the Red Sea, have forced several international shipping companies, including Maersk and others, to adjust routes, which, while increasing logistics costs, also bring new opportunities to some regions. Recently, due to the Red Sea region, the...
Chinas steel exports increased by 27% year-on-year, with strong competitiveness in the international market!
May 15, 2024
In the context of the complex supply and demand structure of the global steel market, Chinas steel exports continued to be active. According to Chinas customs statistics, Chinas steel export volume reached 3502.4 million tons in the four months before 2024, compared with a significant increase of 27%. Although exports in April decreased compared to March, it grew by 16.3% compared to the same period last year, showing Chinas steel in the international market.
The trade volume between China and India has surged: China has once again become Indias largest trading partner!
14 May 2024
根據印度智庫“全球貿易研究計劃”最近發布的數據，2023—2024財年中，中印貿易額達到1184億美元，使得中國超越美國，重新成為印度的最大貿易伙伴。這一數據反映了兩國經濟往來的深化以及在各自區域經濟中的重要性。 在這一財年中，印度對華的出口和進口...
Shanghai Customs strictly investigates illegal import of precursor chemicals, and the company was fined 43,000 yuan!
13 May 2024
Shanghai Customs recently cracked down on a case involving the suspected illegal import of products containing precursor chemicals, with the implicated company being Firmenich Fragrances (Zhangjiagang) Co., Ltd. Between September 30, 2021, and May 19, 2023, the company declared the import of fragrance products labeled as Jasminum grandiflorum absolute and Neroli absolute through general trade, totaling 20 shipments with a weight of 22.7 thousand...
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