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The mid-price of the yuan was set at 7.1148, firmer by 1 point
Source: Sina Finance
2024-06-18
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The mid-price of the yuan was set at 7.1148, firmer by 1 point
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[Dollar] strength features are still evident
Source: Huijin Tianlu public number
2024-06-18
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[Dollar] strength features are still evident
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Eur/RMB continues to trend downward
Source: Huijin Tianlu public number
2024-06-18
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Eur/RMB continues to trend downward
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The latest US sanctions list on Russia: VTB Shanghai, VTB Hong Kong, PSB Beijing, etc
Source: Foreign Toast Information
2024-06-18
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The latest US sanctions list on Russia: VTB Shanghai, VTB Hong Kong, PSB Beijing, etc
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There was a violent conflict and a severe recession in Argentina
Source: External market
2024-06-18
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There was a violent conflict and a severe recession in Argentina
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The market is betting on a rate rise
Source: International Business Daily
2024-06-18
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The market is betting on a rate rise
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The Commission has made such an investigation that it is necessary to give an explanation
Source: Global Times
2024-06-18
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The Commission has made such an investigation that it is necessary to give an explanation
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[RMB] The RMB may maintain the depreciation trend on the basis of the strong US index
Source: Huijin Tianlu public number
2024-06-18
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[RMB] The RMB may maintain the depreciation trend on the basis of the strong US index
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The yuan's mid-price was set at 7.1149, stronger by 2 points
Source: Sina Finance
2024-06-17
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The yuan's mid-price was set at 7.1149, stronger by 2 points
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National Bureau of Statistics: In May, the national economy continued to pick up and run steadily
Source: CNR.cn
2024-06-17
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National Bureau of Statistics: In May, the national economy continued to pick up and run steadily
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In July, the freight rate may double up to nearly $10,000
Source: Foreign shipping
2024-06-17
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In July, the freight rate may double up to nearly $10,000
Policy focus
Overseas market
Trade friction
Macro economy and trade
Statistical data
Investigation and analysis
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2024-06-14China responds to the EU's announcement of tariffs on Chinese car companiesAccording to CCTV news, the European Commission imposed tariffs on three sampled Chinese car manufacturers: BYD 17.4%, Geely 20%, SAIC 38.1%. Other battery-electric vehicle manufacturers in China that participated in the survey but have not been sampled will be subject to a weighted average tax of 21%.
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2024-06-12The Ministry of Commerce and other 9 departments issued the Opinions on Expanding Cross-border E-commerce Exports and Promoting the Construction of Overseas WarehousesAccording to the website of the Ministry of Commerce, nine departments including the Ministry of Commerce issued the Opinions on Expanding cross-border e-commerce exports and Promoting the Construction of Overseas Warehouses, which are as follows: Driven by scientific and technological innovation, cross-border e-commerce actively uses new technologies, ADAPTS to new trends, and cultivates new drivers of foreign trade in new forms and models. It works in synergy with overseas warehouses and other new foreign trade infrastructure, which can reduce intermediate links and direct access to consumers, promote the optimization of foreign trade structure, stabilize the scale, and create new advantages in international economic cooperation. It has become an effective force in the development of foreign trade and an important trend in the development of international trade. To expand cross-border e-commerce exports, optimize overseas
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2024-06-06One year after full entry into force, RCEP has delivered a brilliant report cardThe Regional Comprehensive Economic Partnership (RCEP) is the world's largest free trade agreement covering the largest population and economic scale, and more than 90 percent of goods trade within the region will eventually achieve zero tariffs.
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2024-06-05Three departments to adjust the car and ship tax preferential policy automotive product technical requirements to comeIt is learned from the Ministry of Industry and Information Technology that from July 1, 2024, the Ministry of Industry and Information Technology, the Ministry of Finance, the State Administration of Taxation and other three departments will adjust the product technical requirements for energy-saving and new energy vehicles and vessels to enjoy vehicle and vessel tax incentives. Relevant energy-saving and new energy vehicles need to meet certain conditions in order to enjoy preferential policies.
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2024-06-03The latest announcement! We will suspend tariff concessions for imports of 134 tax items from the Taiwan regionOn May 31, the Tariff Commission of The State Council issued an announcement on the suspension of tariff concessions for some products (the second batch) of the Economic Cooperation Framework Agreement between the Two Sides of the Taiwan Straits. The Taiwan region has unilaterally adopted discriminatory prohibitions and restrictions on the export of products from the mainland, which violates the provisions of the Economic Cooperation Framework Agreement across the Taiwan Straits. On December 21, 2023, the Customs Tariff Commission of The State Council issued the Tax Commission Announcement No. 9, 2023, suspending the tariff reduction of some products under the Economic Cooperation Framework Agreement between the Two Sides of the Taiwan Straits, but Taiwan has not taken any effective measures to cancel trade restrictions on the mainland.
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2024-05-31Announcement of the Equipment Development Department of the Central Military Commission of the General Administration of Customs of the Ministry of Commerce No. 21 of 2024 on the implementation of export control of the relevant itemsIn accordance with the relevant provisions of the Export Control Law of the People's Republic of China, the Foreign Trade Law of the People's Republic of China and the Customs Law of the People's Republic of China, with the approval of The State Council and the Central Military Commission, the following items are subject to export control in order to safeguard national security and interests and fulfill international obligations such as non-proliferation.
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2024-06-18There was a violent conflict and a severe recession in ArgentinaAccording to EFE News agency reported on June 12, the Argentine Senate met on the 12th to discuss the package of economic reforms promoted by the government of Javier Millay. Meanwhile, violence broke out in front of parliament as various groups demonstrated against the measures. The Argentine Senate is debating two of the bills in President Mille's economic reform plan. The fate of the two bills is uncertain because Mille's government has only a minority of seats in both houses of the Argentine legislature. The two bills were a tax package that lowered the income tax threshold and a 238-article state reform bill that was originally enacted
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2024-06-18The market is betting on a rate riseThe exchange rate of the Japanese yen against the US dollar rose 0.80% to 155.81 in a 90-degree straight line on June 12, and fell rapidly to 156.78 on the 13th, which to a considerable extent reflects the market's tangled and hesitant attitude towards the yen economy and exchange rate trend. Data released by the Bank of Japan on June 12 showed that the Japanese enterprise commodity price index (CGPI) rose 2.4% year-on-year in May, exceeding the market consensus forecast of 2.0%, the fastest annual growth rate in nine months, indicating that the yen's continued sharp depreciation significantly pushed up the cost of raw material imports, thereby increasing the pressure on prices. The data also showed that the index continued to rise after a 1.1% rise in April
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2024-06-17Russia stops trading dollars and eurosAccording to RIA Novosti, due to the sanctions imposed by the United States, Russia's Moscow Stock Exchange announced that it will no longer use the US dollar and the euro for foreign exchange and precious metals trading from the 13th local time. At the same time, the Central Bank of Russia stressed that this will not have a catastrophic impact on financial markets, that there are other ways to buy and sell dollars and euros, and that citizens' foreign currency deposits will not be affected. It was "Russia Day" and the Moscow stock exchange was closed. As a result, the impact of the decision to suspend trading in dollars and euros on Russian financial markets has yet to be felt.
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2024-06-17German industrial output fell 0.1 per cent in April from the previous monthBerlin, June 7 (Xinhua) -- German industrial output fell 0.1% month-on-month in April after adjusting for seasonal and working days, affected by a decline in output such as construction, according to data released by the German Federal Statistics Office on the 7th.
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2024-06-17Sixty-eight ports in Peru were temporarily closedAccording to CCTV news, on June 14 local time, Peru's National Emergency Operations Center issued a notice saying that according to the General Command of the country's Navy, there were abnormal waves along the coast of the country. Due to security concerns, 68 ports along the entire coastline have been closed and will remain closed until June 18.
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2024-06-17South Korea's exports fell 4.7 percent in the first 10 months of June from a year earlierPreliminary verification data released by the South Korean Customs Service (Customs) on June 11 showed that South Korea's exports in the first 10 days of June decreased by 4.7% year-on-year to $14.583 billion. During the same period, imports fell 7.4 percent year on year to $15.412 billion.
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2024-06-18The Commission has made such an investigation that it is necessary to give an explanationThe European Commission is stirring up a sustained backlash after the disclosure on Wednesday of its preliminary anti-subsidy investigation into China's electric vehicles. European media are concerned that almost all major manufacturers, including BMW, Volkswagen, Mercedes-Benz and Strangis, have said that they do not support the EU to increase tariffs on Chinese products. Strangis is on the second day of the European Commission's preliminary disclosure, on the high profile announced that it will expand cooperation with Chinese enterprises. Norway's finance minister has said he will not follow the EU in raising tariffs on electric cars. Many third-party media outside of Central Europe are also questioning the utility of the EU's tariffs, saying that the move is a double-edged sword for the EU. As more details emerge, the European Commission this
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2024-06-17The ITC officially launched a 337 investigation into Wi-Fi access points, routers, range extenders, controllers and their componentsOn June 14, 2024, The U.S. International Trade Commission (ITC) has voted to impose restrictions on Certain Wi-Fi Access Points, Routers, Range Extenders, routers, routers, controllers, and their components. Controllers and Components Thereof) initiate Survey 337 (Survey code: 337-TA-1405).
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2024-06-14The United States made the second double reverse sunset review of crystalline silicon photovoltaic cellsOn June 6, 2024, the U.S. Department of Commerce issued a notice saying that the second anti-dumping rapid sunset review of Crystalline Silicon Photovoltaic Cells and Modules imported from China (whether assembled into the module or not) was final:
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2024-06-14In addition to electric vehicles, Turkey expanded the scope of additional tariffs on Chinese carsAccording to reports, on June 8, local time, a presidential decision published in the Turkish government Gazette showed that Turkey will impose an additional 40% tariff on cars imported from China, while also specifying a minimum tariff of $7,000 per car. According to the communique, this means that the 40 percent additional tax that currently applies to electric vehicles in China will also apply to vehicles of all fuel types. In March 2023, Turkey imposed an additional 40 percent surcharge on tariffs on electric vehicles imported from China, raising the tariff to 50 percent, and proposed some regulations on the maintenance and service of electric vehicles.
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2024-06-13The United States has announced new sanctions against Russia, involving dozens of Chinese institutions and individualsOn June 12, 2024, as Joe Biden was leaving for the G7 leaders' summit in Italy, the State and Treasury Departments announced new sanctions against Russia, and the Commerce Department is planning to expand its export control blacklist. Attempts to add to the entity list those individuals and institutions that assist the Russian military and defense sectors. The State Department has imposed sanctions on more than 100 Russian targets, including those involved in developing Russia's energy, metals and mining production and exports; Persons who evade and circumvent sanctions; And people who produce the materials needed to support the Russian war effort.
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2024-06-12Turkey plans to impose 40% tariffs on imported cars from China, which should be able to overcome the challengeA presidential decision published by Turkey on June 8 shows that Turkey has decided to impose an additional 40 percent tariff on cars imported from China, with an additional tariff of at least $7,000 per vehicle, and will be implemented on July 7. The Turkish Commerce Ministry said in the statement that the purpose of imposing the tariffs was to increase the market share of domestically produced vehicles and reduce the current account deficit: "The import regime decision and its annex, to which we are parties, are international agreements aimed at ensuring consumer safety, protecting public health, protecting the market share of domestic production, encouraging domestic investment and reducing the current account deficit." It is worth noting that this is not the first time for Turkey
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2024-06-18The mid-price of the yuan was set at 7.1148, firmer by 1 pointOn June 18, the central parity rate of the yuan was 7.1148, up 1 point from 7.1149 in the previous trading day. Philadelphia Fed President Harker said that based on current forecasts, he thinks one rate cut this year is appropriate and wants to see more data progress. Speaking at a business event that day, Harker noted that there were indeed some "bumps" in the inflation trend at the start of the year, and that the recent inflation report showing a decline in the consumer price index (CPI) in May was "very welcome" and evidence that progress against inflation, while slow, is thankfully not "dead.
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2024-06-18[Dollar] strength features are still evidentLast week, there were more fundamental events in the United States, and the concerned Federal Reserve interest rate resolution continued to remain unchanged, Powell said that "inflation has slowed down, but it is still too high, not enough to give confidence in interest rate cuts," the overall view is still transmitted the strategy of continuing to wait and see, affected by this, the dollar index again showed a rebound trend, the highest to 105.80. In addition, May CPI growth of 3.3%, compared with the previous value and market expectations of 3.4% slightly down, followed by the core CPI growth rate fell to the lowest in more than three years, this shows that housing costs are still the biggest drag on the downward inflation, although the decline in energy prices led to a slowdown in inflation, but not enough to prove
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2024-06-18Eur/RMB continues to trend downwardEurozone economic data last week was weak, after the first interest rate cut, the future monetary policy that the market is concerned about needs to refer to important economic indicators to make a new assessment. This Friday will be released in June manufacturing, services PMI, the market is expected to rise from the previous value of 47.3 to 47.9, the service industry will rise from the previous value of 53.2 to 53.5, comprehensive observation of the overall data are expected to rebound, and then in the short term or will support the euro against the dollar, but last week the dollar index is strong, leading to a unilateral downward trend in the euro against the dollar. As low as 1.0667, the short-term observation of the high probability of the exchange rate will maintain weak volatility on the basis of the further strong operation of the US index, focusing on the low last week
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2024-06-18Shipping costs are soaring, and major shipping companies are renting ships at sky-high prices, returning to long-distance routes such as West America and EuropeDaily rental $100,000 for reproduction; Small and medium-sized ships have also taken a share of the pie, returning to the United States, Europe and other long-distance routes. Shipping giants have recently been active in the charter market, chartering ships at high prices to earn profits from high freight rates. The French shipping company CMA CGM recently leased a new 7,000 TEU vessel for three months at a daily rent of up to $105,000, and the owner is rumored to be Desxiang Shipping. This rental level is seen by the industry as returning to the $100,000 level for the first time since 2022, indicating a strong recovery in the shipping market. The industry's interpretation of this includes the following points: shipping companies grab high profits: shipping companies through high rents, short leases
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2024-06-18The latest US sanctions list on Russia: VTB Shanghai, VTB Hong Kong, PSB Beijing, etcOn June 12, 2024 local time, the U.S. Department of State and the Department of Treasury OFAC issued an announcement imposing sanctions on more than 300 individuals and entities, including 41 Chinese enterprises (33 OFAC sanctions, 8 State Department sanctions) and 5 individuals. In addition, Reuters reported that the G7 leaders at the meeting will issue a clear warning to small Chinese banks to stop them from helping Russia evade Western trade sanctions. While no specific action will be taken at the meeting, the warning against small Chinese banks is the first of its kind and reflects Western fatigue with the close ties between China and Russia. Reuters
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2024-06-18[RMB] The RMB may maintain the depreciation trend on the basis of the strong US indexThe overall performance of price and financial data last week was weak, and consumer demand and entities still need further guidance from policies. May CPI growth of 0.3%, less than expected 0.4%, the same as the previous value, of which food fell significantly, drag data, although in the "May Day holiday" did not form a strong stimulus trend at the consumer end, the short and medium term core consumer demand is still weak; PPI fell 1.4% year-on-year, down 2.5% from the previous value, the decline narrowed, non-ferrous metal prices and new energy demand to promote the recovery of domestic related industry prices. In addition, in terms of credit, the new loans of enterprises and residents are at a low level in the same period in history. It can be seen that short-term economic conditions depend on
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2024-06-17National Bureau of Statistics: In May, the national economy continued to pick up and run steadilyBeijing, June 17 news According to the National Bureau of Statistics website on the 17th news, in May, the national economy continued to recover to a good trend, stable growth of production, continued recovery of demand, overall stability of employment prices, balance of international payments, continued transformation and upgrading, and overall stable operation.
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2024-06-11In the first May, China's import and export of goods trade increased by 6.3% year-on-yearBeijing, June 10 (Xinhua) -- The General Administration of Customs recently learned that in the first May of this year, the total value of China's trade in goods was 17.5 trillion yuan, an increase of 6.3%.
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2024-06-06China's overall economic output continues to expand -- Interpreting PMI data in MayAccording to data released by the Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing on May 31, China's manufacturing Purchasing Managers Index (PMI), non-manufacturing business activity index and composite PMI output index were 49.5%, 51.1% and 51.0% respectively in May. Although down 0.9, 0.1 and 0.7 percentage points from the previous month, China's overall economic output continues to expand, and the production and business activities of enterprises maintain a recovery trend.
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2024-05-27The EU car market grew 13.7 percent in April, with electric vehicles accounting for 12 percent of the marketThe European Automobile Manufacturers' Association (ACEA) announced on May 22 that the EU car market grew by 13.7% in April 2024, with a total of 913,995 new registrations. Strong growth was seen in key markets, Spain (+23.1%), Germany (+19.8%), France (+10.9%) and Italy (+7.7%). In the first four months of the year, new car registrations in the EU rose 6.6 percent to nearly 3.7 million. The region's largest markets posted solid growth, with Germany and Spain both Posting growth of 7.8%, followed by France (+7%) and Italy (+6.1%).
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2024-05-20Japan, South Korea, Vietnam, Brazil, Indonesia, Turkey and other countries announced the recent foreign trade situation!South Korea, Japan and other countries exports to maintain the growth trend South Korea: April exports of goods increased by 13.8% year-on-year, driven by strong demand for chips, South Korea's exports in April increased by 13.8% year-on-year to $56.2 billion, seven consecutive months of growth, auto exports also hit a record high. Imports rose 5.4 percent year on year to $54.7 billion, and the trade surplus reached $1.53 billion, the 11th consecutive month of surplus. Japan's exports rose 7.3% in March from a year earlier, the fourth straight month of growth and slightly slower than February's 7.8% growth, according to the finance ministry. Vietnam: Export succession
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2024-05-20Export surge domestic demand to be boosted in April new energy vehicles and domestic brands eye-catching performanceAccording to the latest statistics of the China Association of Automobile Manufacturers, automobile production and sales in April were 2.406 million and 2.357 million, respectively, which declined from the previous month, but showed an increase year-on-year. However, it is worth noting that the current export growth rate of the automobile market is significantly greater than that of domestic sales, showing that there is still a large room for the domestic market to boost. Specific data show that domestic auto sales in April fell 15.4% month-on-month, an increase of 4.1% year on year; The volume of car exports increased by 0.4% month-on-month and 34% year-on-year. From January to April, domestic car sales increased by 5.6% year-on-year, while export volume increased by 33.4% year-on-year. The comparison of this data highlights the domestic automobile market
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2024-06-11China's import volume of integrated circuits increased for 5 consecutive monthsAccording to the statistics of the General Administration of Customs, in the first five months of 2024, China's integrated circuit imports increased by 13.1% year-on-year to 148.06 billion US dollars, which increased for five consecutive months, accounting for 13.9% of China's imports of goods, which increased from 12.7% in the same period last year. Imports rose 14.9 percent year on year to 213.65 billion yuan, the eighth consecutive month of year-on-year growth.
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2024-06-04China's bicycle export "volume increase price decrease", the future export growth power is insufficientAccording to the statistics of the General Administration of Customs, in the first four months of 2024, China's bicycle exports totaled 955 million US dollars, down 7.8% year-on-year; The cumulative export volume was 15.34 million, up 26.1% year-on-year. China's exports to the United States, Vietnam, Russia, Iran, Mexico and other markets increased year-on-year. From the monthly data point of view, from January to February, based on the main export market to replenish inventory, exports in 23 consecutive months after the decline ushered in a small growth, up 9.6% and 2% respectively; From March to April, exports continued to decline, falling 26.2% and 8.3% respectively from a year earlier.
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2024-04-29Global electricity demand is picking up, driving our motor exports back to growthAccording to the statistics of the General Administration of Customs, in the first quarter of this year, China's motor exports grew 2.3% to 3.7 billion US dollars, the growth rate rose 10.3 percentage points over the same period last year, the export growth rate rose mainly due to the growth of global power demand. According to customs data, exports from Asia, Europe and North America accounted for 85.4% of China's total exports of small and medium-sized motors. Among them, thanks to the demand of South Korea, Vietnam, Thailand and other markets, the export value of our motor products to Asia increased by 7.5% year-on-year to 1.63 billion US dollars.
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2024-04-12In the first quarter of 2024, China's exports of mechanical and electrical products increased by 3.3% year-on-year to $477.72 billion● The import and export growth rate was higher than the statistics of the General Administration of Commodity Customs, in the first quarter of 2024, the import and export value of China's mechanical and electrical products increased by 4.1% to 695.23 billion US dollars. Among them, the export of US $477.72 billion, an increase of 3.3%, 1.8 percentage points higher than the total export of goods; Imports reached US $217.51 billion, up 6.0% year-on-year.
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2024-04-11Sluggish global demand has dragged down the volume of mobile phone exports in a continuous decline - Analysis of China's mobile phone exports in 2023In 2023, due to the slowdown in the iteration of smart phone technology, the sluggish global demand for mobile phones caused by the economic downturn, and the impact of supply and demand such as the outflow of order capacity caused by the transfer of the main manufacturers' supply chain, China's mobile phone export volume has declined continuously. However, benefiting from the strong emerging demand and accelerating the inventory progress of manufacturers' channels, it is expected that 20...
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2024-04-10The position of dominant ship type was consolidated, and the annual export volume increased by 20% | Analysis of China's ship import and export in 2023In 2023, in the context of the difficult recovery of the world economy, under the guidance and support of relevant national industrial policies and measures, China's shipbuilding industry has maintained a good momentum of development, steady progress, the three major indicators of shipbuilding have achieved comprehensive growth, and the international market share continues to maintain the world's leading. In the ship import and export trade, continue to consolidate and...
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