China's service trade grew rapidly in the first half of 2024, with a total value of 4230.18 billion yuan
September 12, 2024
From January to July 2024, Chinas service trade continued to maintain rapid growth, with the total import and export value of services reaching 4,230.18 billion yuan, a year-on-year increase of 14.7%. Among them, service exports were 1,732.5 billion yuan, an increase of 12.4%; service imports were 2,497.68 billion yuan, an increase of 16.4%; and the service trade deficit was 765.18 billion yuan. The growth of service trade mainly shows the following characteristics: First...
Chinas textile and clothing exports increased by 1.1% in January 2024
18 September 2024
According to the latest statistics from the General Administration of Customs, from January to August this year, Chinas total exports of textiles and clothing reached US$197.77 billion, a year-on-year increase of 1.1%; calculated in RMB, a year-on-year increase of 3.2%. Although the growth rate was the same as last month, it has slowed down compared to the first half of this year, showing the complexity of the foreign trade situation. Specifically, the export value of textiles was US$93.07 billion, a year-on-year increase of 3.5%...
European economy faces new challenges: declining exports and massive job cuts
29 September 2024
Recently, the European economy is suffering new shocks: trade contraction and mass unemployment. The economic crisis has brought new victims in European countries, highlighting the problems faced by exports and the new energy industry. German Exports Decline, Industrial Giants Cut Spending According to the latest data released by the German Federal Statistical Office (Destatis), in August 2024, German exports to the EU...
Global manufacturing data is weak, Europe and Asia face challenges
September 2, 2024
The latest manufacturing survey data shows that major manufacturers in Europe and Asia performed weakly last month due to lukewarm demand from major global factories, which has exacerbated the risk of insufficient momentum for global economic recovery. Weak Eurozone Manufacturing Data Manufacturing activity in the Eurozone continues to be sluggish. The HCOB Eurozone Manufacturing Purchasing Managers Index compiled by S&P Global...
The rapid expansion of the European e-commerce market and the impact of China-EU cooperation
August 30, 2024
Currently, the European e-commerce market is rapidly expanding, becoming a new growth point for global trade. According to a recent research report released jointly by Nielsen IQ and Smart Intelligence, in the first half of 2024, the number of European e-commerce market users will grow by 1%, and online shopping frequency will increase by 4%. The European cross-border e-commerce platform European cross-border commerce report also shows that in 2023, European companies...
BYD's plan to invest and set up a factory in Mexico has made progress
August 23, 2024
Chinas electric car manufacturer, Biady, has made new progress in its plans to invest in Mexico recently. Despite pressure from the United States, Biady has not stopped its global expansion pace. According to Reuters on August 21, Biadys head in Mexico, Jorge Vallejo, has revealed that the company has narrowed the range of new factory locations to three states, and is...
Germany's exports fell in the first half of 2024 while its foreign trade surplus increased
August 22, 2024
According to the latest data released by the German Federal Statistical Office on August 19, 2024, in the first half of 2024, Germanys exports decreased by 1.6% year-on-year, with a total value of 801.7 billion euros. At the same time, imports decreased by 6.2% year-on-year to 662.8 billion euros. These data show that although Germanys overall foreign trade activity has decreased, its trade surplus has increased significantly. ...
Meeting the challenges of fertilizer import and export: How to optimize the classification and testing process?
19 August 2024
In the context of growing global population and increasing climate change, agriculture faces unprecedented challenges. How to increase food output on limited arable land has become an urgent problem for countries to solve. In the process, fertilizers have played a crucial role as the most basic and critical material input in agricultural production. Especially in China, as the world’s major fertilizer.
The continued growth of trade cooperation between China and ASEAN and the prospects of the electric vehicle industry
19 August 2024
The latest data showed that from January to July 2024, ASEAN continued to maintain its position as China’s largest trading partner, with the gross trade value of both sides reaching RMB 3.92 trillion, up 10.5 per cent, representing 15.8 per cent of China’s gross foreign trade value. Among them, China’s exports to ASEAN amounted to RMB 2.36 trillion, up 13.7 per cent; imports from ASEAN amounted to RMB 1.56 trillion, up 5.9 per cent.
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