ADB warning: Asia-Pacific economic growth forecast lowered, outlook not optimistic?
December 12, 2024
On December 11, the Asian Development Bank released a supplementary report to the “Asian Development Outlook 2024,” stating that the ADB has lowered its economic growth forecast for developing economies in the Asia-Pacific region to 4.9% in 2024 and 4.8% in 2025. Specifically, the downward revision of economic growth forecasts for East Asia and South Asia offset the growth in the Caucasus, Central Asia, and Southeast Asia, causing the regions economic growth to...
Chain Expo: Connecting the world and creating a new future for import and export trade
November 28, 2024
The second China International Supply Chain Expo (hereinafter referred to as “CISCE”) was held in Beijing from November 26 to November 30, with the theme of “Connecting the World, Creating the Future.” As the worlds first national-level exhibition with a focus on supply chains, CISCE has a unique position and distinct characteristics. It is not a traditional trade fair for displaying and selling goods, but rather focuses on showcasing supply chains and ecosystems...
China-Pakistan Community of Shared Future: Reshaping the New Pattern of China's Import and Export Trade
November 22, 2024
Chain Expo in Beijing: supply chain cooperation and global markets. Learn how it helps companies adjust strategies in international trade.
The Federal Reserve cut interest rates twice. Where will China's import and export trade go?
November 15, 2024
On November 7th local time (3:00 AM Beijing time on November 8th), the U.S. Federal Reserve announced that it would lower the target range for the federal funds rate by 25 basis points, to a level between 4.5% and 4.75%. This is the second time the Fed has announced an interest rate cut this year, which will undoubtedly have a significant impact on the development of Chinas import and export trade. I. Multiple Impacts on Chinas Import and Export...
How can foreign trade companies break through the trend after Trump took office? Four strategies revealed!
8 November 2024
Recently, the U.S. fierce presidential campaign ended, Trump returned to the White House four years later, and there is no doubt that under the uncertainty of trade policy brought after Trumps assumption, foreign trade enterprises face many challenges, such as reduced orders and rising costs, bad currency expulsion of good currencies, financing difficulties, international logistics instability, transit trade complexity, Russian convergence difficulties, new energy...
EU clothing imports show downward trend in June
September 4, 2024
In June of this year, after three months of steady recovery, EU clothing imports experienced another sharp decline, with import volume down 9.9% year-on-year, and import value down 13.2% in euros and 14.1% in dollars. Previously, from March to May, EU clothing imports had maintained double-digit growth. Data shows that in the first half of this year, EU clothing import volume decreased by 8.1% year-on-year...
Italy adjusts its tax policy for the rich, and the EU imposes anti-subsidy and anti-dumping duties on Chinese products
September 5, 2024
Italy Imposes Double Substitute Tax on Wealthy Tax Residents According to a report by Yahoo Italian News on August 7, Italian Finance Minister Giorgetti announced a significant tax policy change: wealthy individuals who transfer their tax residence to Italy in the future will face double the substitute tax on foreign income. This tax rate will increase from the current 100,000 euros per year to 200,000 euros. This policy is already in effect for...
The rise of India’s manufacturing industry: increasing dependence on imports from China!
September 6, 2024
In recent years, as more and more U.S. companies pursue supply chain diversification, India has become a popular manufacturing hedge base.H, according to the Washington Post analysis of trade data, despite some progress in expanding smartphone, solar panels and pharmaceutical production, Indias dependence on imports from China has also risen significantly.
China's import and export volume of stainless steel and its raw materials decreased month-on-month in July 2024
September 10, 2024
Data recently released by the General Administration of Customs shows that in July 2024, Chinas import and export volumes of stainless steel and its main raw materials both decreased month-on-month. Both import and export volumes of stainless steel decreased month-on-month, and net export volume also decreased. Imports of scrap stainless steel also declined. In terms of import data, Chinas stainless steel import volume in July was 119,700 tons, a month-on-month decrease of 1.16%...
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