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[RMB] In the short term, it is expected that the RMB will continue the moderate depreciation rhythm with a high probability
Source: Huijin Tianlu public number
2024-04-30
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[RMB] In the short term, it is expected that the RMB will continue the moderate depreciation rhythm with a high probability
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[USD] The overall dollar index remains high and volatile
Source: Huijin Tianlu public number2024-04-30
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[USD] The overall dollar index remains high and volatile
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The Ministry of Commerce responded to Japan's plans to tighten export controls in areas such as semiconductors
Source: Guangming Network2024-04-30
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The Ministry of Commerce responded to Japan's plans to tighten export controls in areas such as semiconductors
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Strong demand, FAK rate increase "successful"! As long as the Red Sea crisis continues, freight rates are unlikely to fall?
Source: Shipping Network2024-04-30
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Strong demand, FAK rate increase "successful"! As long as the Red Sea crisis continues, freight rates are unlikely to fall?
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ECB Governing Council Muller: If the economy does not surprise, the central bank is expected to cut interest rates in June
Source: Sina Finance2024-04-30
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ECB Governing Council Muller: If the economy does not surprise, the central bank is expected to cut interest rates in June
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The reacceleration of inflation in Germany has been driven by energy prices
Source: Financial Community2024-04-30
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The reacceleration of inflation in Germany has been driven by energy prices
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Russia's central bank left its key interest rate unchanged and raised its economic growth forecast
Source: China News Service2024-04-30
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Russia's central bank left its key interest rate unchanged and raised its economic growth forecast
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Foreign trade news 4.30 | the short-term appreciation trend of RMB is difficult; Japan's semiconductor export control, the Ministry of Commerce responded; The General strike in Argentina; Inflation accelerated in Germany; Us inflation remains stable
Source: China Chamber of Commerce for Import and Export of Mechanical and Electrical Products2024-04-30
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Foreign trade news 4.30 | the short-term appreciation trend of RMB is difficult; Japan's semiconductor export control, the Ministry of Commerce responded; The General strike in Argentina; Inflation accelerated in Germany; Us inflation remains stable
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Peru has launched an anti-dumping investigation into Chinese metal tableware
Source: China Trade Remedy Information Network2024-04-30
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Peru has launched an anti-dumping investigation into Chinese metal tableware
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What are the differences between the recent RMB depreciation pressure and the second half of last year?
Source: Economic Observer2024-04-29
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What are the differences between the recent RMB depreciation pressure and the second half of last year?
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The yen fell below Y155 to the dollar
Source: CCTV network2024-04-29
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The yen fell below Y155 to the dollar
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On May 1, China will implement tariff concessions for Ecuador in the free Trade agreement
Source: Ministry of Commerce website2024-04-29
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On May 1, China will implement tariff concessions for Ecuador in the free Trade agreement
Policy focus
Overseas market
Trade friction
Macro economy and trade
Statistical data
Investigation and analysis
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2024-04-30The Ministry of Commerce responded to Japan's plans to tighten export controls in areas such as semiconductorsA spokesperson for the Ministry of Commerce said on the 29th that we have noted that the Japanese government announced that it plans to implement export controls on semiconductor and other related items. China is seriously concerned about this. China urges the Japanese side to bear in mind the overall situation of bilateral economic and trade relations, correct its wrong practices in a timely manner and jointly maintain the stability of the global industrial chain and supply chain. China will take necessary measures to firmly safeguard the legitimate rights and interests of enterprises. The Japanese government announced on April 26 that it intends to implement export controls on semiconductor and other related items in the field, and solicit public opinion on relevant measures.
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2024-04-29On May 1, China will implement tariff concessions for Ecuador in the free Trade agreementAccording to the Ministry of Finance, as agreed by China and Ecuador, the Free Trade Agreement between the Government of the People's Republic of China and the Government of the Republic of Ecuador will come into effect on May 1, 2024. In order to fulfill the relevant commitments of tariff reduction under the Agreement, the Tariff Commission of The State Council issued a notice to apply the tariff rate to some imported goods originating in Ecuador in accordance with the Agreement from May 1, 2024. The entry into force and implementation of the Agreement will further stimulate the potential of bilateral trade and investment cooperation and promote the upgrading of bilateral economic and trade cooperation.
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2024-04-25China has signed AEO mutual recognition agreements with 26 economiesBeijing, April 23 (Xinhua) -- As of the end of March 2024, China has signed AEO(Certified operators) mutual recognition arrangements (agreements) with 26 economies, covering 52 countries and regions, and the number of mutual recognition arrangements (agreements) signed and the number of mutual recognition countries and regions ranked first in the world, according to data released by the General Administration of Customs on April 23. The AEO system is the certification of enterprises' credit status, law-abiding degree and safety level by the customs, and enterprises that pass the certification can obtain preferential and convenient measures given by the customs.
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2024-04-23The Ministry of Commerce and ten other departments jointly issued Several Policy Measures to Further Support Foreign Institutions to Invest in Domestic Science and Technology EnterprisesRecently, ten departments of the Ministry of Commerce, the Ministry of Foreign Affairs, the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, the People's Bank of China, the State Administration of Taxation, the General Administration of Financial Supervision, the China Securities Regulatory Commission and the State Administration of Foreign Exchange jointly issued the "Several Policy Measures to Further Support Overseas Institutions to Invest in Domestic Science and Technology Enterprises" (hereinafter referred to as "Several Measures").
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2024-04-11The State Administration of Foreign Exchange has introduced new measures to optimize the management of trade and foreign exchange businessBeijing, April 7 (Xinhua) -- The State Administration of Foreign Exchange (SAFE) issued a notice on April 7, launching six policy measures to optimize foreign exchange business processes, further promote cross-border trade facilitation, and improve the quality and efficiency of services to the real economy.
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2024-03-28We have the confidence and confidence to promote the steady improvement of foreign trade qualityOn March 26, The State Council held a press conference on recent production, consumption, import and export data and policies. Vice Minister of Commerce Guo Tingting said at the meeting that in the first two months of this year, China's import and export of goods trade achieved a good start, the scale reached a record high in the same period, and the structure also showed more positive signs, fully reflecting that "China's foreign trade foundation is good, strong resilience and vitality." Wang Lingjun, deputy director of the General Administration of Customs, said that despite the complexity, severity and uncertainty of the current external environment, there is a basis and conditions for China's foreign trade to continue to improve, and we have confidence and confidence in achieving "quality and quantity stability" in foreign trade throughout the year. This year the government
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2024-04-30ECB Governing Council Muller: If the economy does not surprise, the central bank is expected to cut interest rates in JuneECB governing Council Madis Muller said a rate cut was possible at the June monetary policy meeting.
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2024-04-30The reacceleration of inflation in Germany has been driven by energy pricesGerman inflation accelerated for the first time since December, underlining the European Central Bank's warning of setbacks on the way back towards its 2 per cent target.
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2024-04-30Russia's central bank left its key interest rate unchanged and raised its economic growth forecastMoscow, April 26 - The Central Bank of Russia announced on the 26th that it will maintain the benchmark interest rate unchanged at 16%. The central bank also raised its forecast for 2024 gross domestic product (GDP) growth to 2.5-3.5%.
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2024-04-29On May 1, China will implement tariff concessions for Ecuador in the free Trade agreementAccording to the Ministry of Finance, as agreed by China and Ecuador, the Free Trade Agreement between the Government of the People's Republic of China and the Government of the Republic of Ecuador will come into effect on May 1, 2024. In order to fulfill the relevant commitments of tariff reduction under the Agreement, the Tariff Commission of The State Council issued a notice to apply the tariff rate to some imported goods originating in Ecuador in accordance with the Agreement from May 1, 2024. The entry into force and implementation of the Agreement will further stimulate the potential of bilateral trade and investment cooperation and promote the upgrading of bilateral economic and trade cooperation.
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2024-04-29United States Customs inspection! These kinds of goods are prohibited from shipment! The ship's department issued an emergency noticeSince April, the customs inspection rate across the United States has soared, and with the passage of time, this phenomenon has expanded from the United States to Canada, resulting in North American goods have been strictly inspected after arriving at the port, which has become the most concerned issue of the industry. A major trigger for the recent crackdown on vague and noncompliant cargo descriptions, according to well-known U.S. customs clearance companies. U.S. Customs and Border Protection (CBP) sent out an official alert in early April, issuing a notice about goods with vague commodity descriptions in cargo information.
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2024-04-29The preliminary U.S. manufacturing PMI for April was 49.9, a four-month lowThe US manufacturing PMI fell below the line of expansion and contraction in April, the preliminary value of 49.9, well below the expected value of 52 and the previous value of 51.9, the lowest level since December 2023.
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2024-04-30The Ministry of Commerce responded to Japan's plans to tighten export controls in areas such as semiconductorsA spokesperson for the Ministry of Commerce said on the 29th that we have noted that the Japanese government announced that it plans to implement export controls on semiconductor and other related items. China is seriously concerned about this. China urges the Japanese side to bear in mind the overall situation of bilateral economic and trade relations, correct its wrong practices in a timely manner and jointly maintain the stability of the global industrial chain and supply chain. China will take necessary measures to firmly safeguard the legitimate rights and interests of enterprises. The Japanese government announced on April 26 that it intends to implement export controls on semiconductor and other related items in the field, and solicit public opinion on relevant measures.
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2024-04-30Peru has launched an anti-dumping investigation into Chinese metal tablewareOn 27 April 2024, the Commission on Dumping, Subsidies and the Elimination of Non-Tariff Barriers to Trade of the National Competition and Intellectual Property Protection Agency of Peru published in the official daily newspaper El Peruano No. 027-2024/CDB-INDECOPI, stating, Peruvian manufacturer Fabrica de Cubiertos S.A.C. Application for standard tableware (forks, spoons, teaspoons and knives) of common metal not exceeding 1.5 mm in thickness originating in China
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2024-04-29How Chinese companies prepare for carbon tariffsIn 2021, the EU formulated the detailed rules of the carbon border adjustment mechanism, which will be implemented in 2023, and then issued the Regulation No. 2023/956 on the establishment of the carbon border adjustment mechanism, and set up a transition period of 2023-2025. During the transition phase, importers of the first six products with higher carbon emissions, such as cement, steel, electricity, aluminum, fertilizers, and chemicals (hydrogen), will be required to comply with carbon reporting obligations, but will not be required to pay any fees during the transition period.
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2024-04-29Chile revised China steel rod anti-dumping preliminary resultsOn April 20, 2024, the Chilean Ministry of Finance issued a notice in the official Gazette that the provisional anti-dumping duty on steel rods with a diameter less than 4 inches for manufacturing grinding balls originating in China was changed from 10.3% to 19.8% to 24.9%, that is, 24.9% provisional anti-dumping duty was imposed on Chinese enterprises involved in the case, and the measures took effect from March 27, 2024. The period of validity shall not exceed 6 months and shall expire on the date of issuance of the final measures. This case involves products under the Chilean tax Code 7228.3000. On December 9, 2023, Chile initiated an anti-dumping investigation against steel rods originating in China that are used to manufacture grinding balls less than 4 inches in diameter.
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2024-04-29Mexico's imposition of import taxes has seriously affected the export of my optical cable companies to MexicoOn April 23, Mexico announced temporary tariffs of 5 to 50 percent on 544 imported products to take advantage of offshore outsourcing production. According to a decree issued by Mexico's Economy Ministry, the move will be valid for two years. The decree proposes an import duty of 35 percent per kilogram of fiber optic cable products by weight. According to Mexican statistics, the country imported 769 million US dollars of optical cable from the world in 2023, of which 344 million US dollars were imported from China, and China ranked first with 44.7% of the share, and surpassed the United States to become its largest source of imports in 2023. In the fourth quarter of 2023, Mexico imported 6.52 million kilograms of optical cable from China, which exceeded the weight of the United States, the first import volume in the quarter.
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2024-04-26The United States intends to launch a Section 337 investigation into our specific cameras, camera systems and their supporting accessoriesOn March 29, 2024, GoPro, Inc. filed an application with the United States International Trade Commission (ITC) under Section 337 of the United States Customs Act of 1930. Alleging that Certain Cameras, Camera Systems, and their associated accessories are exported to, imported into, or sold in the United States by Chinese enterprises. and Accessories Used Therewith) infringe its patent rights (U.S. patents No. 10,015,413, 10,529,052, 10,574,894, 10,958,840, 1
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2024-04-30[RMB] In the short term, it is expected that the RMB will continue the moderate depreciation rhythm with a high probabilityDomestic economic data last week flat, this Wednesday will usher in the May Day holiday, so the market focus on April 30 (Tuesday) April official manufacturing PMI, non-manufacturing PMI. At present, the market is expected that the manufacturing industry will fall from the previous value of 50.8 to 50.4, after both domestic demand and external demand improved, export orders are strong directly led by the data rebound, such as this data is less than the previous value, but above the 50 boom and contraction line is to prove that the overall manufacturing side is still strong. The non-manufacturing sector is expected to fall to 52.3 from the previous 53.0, while the previously strong construction and production services components are expected to fall under the impact of extreme weather in some regions.
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2024-04-30[USD] The overall dollar index remains high and volatileGDP in the first quarter of last week was 1.6% on a quarterly basis, down sharply from the previous reading of 3.4%, reflecting a slowdown in consumption growth. In addition, the core PCE index in the first quarter rose sharply to 3.7% from the previous value of 2.0%, and the market's expectation of the Federal Reserve's interest rate cut fell again, and the high level of operation is still the main tone for the US index. This week will focus on the Fed's May interest rate meeting and labor market data. In view of the recent US inflation data is still strong, so the Federal Reserve may take a more cautious attitude to interest rate cuts at the meeting, it is expected that the probability of interest rate cuts in September is expected to further decline, so that the high probability will continue to support the US dollar index.
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2024-04-30Strong demand, FAK rate increase "successful"! As long as the Red Sea crisis continues, freight rates are unlikely to fall?With the ongoing crisis in the Red Sea, ships are rerouted to the Cape of Good Hope to relieve excess container liner capacity, and global freight demand is exceptionally strong, the recent boom is expected to continue into the peak season. The latest analysis from shipping consultancy MSI shows that there are clear signals from the market that the FAK rate increase announced by shipowners earlier this month is having a significant effect. "Early indications are that this growth trend is continuing," MSI said. MSI also highlighted that in addition to the impact of the Cape of Good Hope diversion, the strong rebound in global freight demand has further supported liner companies' efforts to maintain current rates.
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2024-04-29What are the differences between the recent RMB depreciation pressure and the second half of last year?The renminbi is once again near the top of its trading band. Since April this year, the US dollar has deviated from the RMB central parity rate by more than 1.9%, close to the upper limit of the 2% fluctuation range. Around October last year, the RMB exchange rate deviated from the central parity rate by nearly 2%.
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2024-04-29The yen fell below Y155 to the dollarThe yen-dollar exchange rate in the Tokyo foreign exchange market yesterday evening fell below 155 yen per dollar for the first time since June 1990. Today (April 25), the yen fell to 155.74 yen against the dollar in the Tokyo foreign exchange market. Japanese media said that after the psychological threshold of 155 yen to 1 dollar broke through, the momentum of selling yen to buy dollars may accelerate. As the interest rate gap between Japan and the United States widened due to the high long-term interest rate in the United States, the market has been selling yen to buy dollars.
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2024-04-29Will China be kicked out of SWIFT system? Foreign exchange cut off?According to the Wall Street Journal, the White House is trying to draft a new sanctions measure against China, which aims to sanction the bank of China and kick it out of the SWIFT global financial settlement system. According to US media, the reason why the Biden administration drafted this sanctions measure is because the United States believes that China has provided Russia with a large number of war tools in its trade with Russia, and the White House hopes that this sanctions measure can form an effective "shock and awe" to China, so as to prevent China from continuing to provide Russia with the ability to continue to maintain war. Simply put, it demands that China and Russia "break ties".
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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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2024-04-23In the first quarter, China's imports of mechanical and electrical products increased by 9.6%General Administration of Customs statistics, in the first quarter of this year, China's import of mechanical and electrical products 1544.72 billion yuan (the same below), an increase of 9.6%, in the integrated circuit and computer products demand to pick up, in March imports of mechanical and electrical products increased by 7.6% to 572.26 billion yuan.
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2024-04-22In the first quarter, China's exports of mechanical and electrical products increased by 6.8% year-on-yearAccording to the statistics of the General Administration of Customs, in the first quarter of 2024, China's cumulative export of mechanical and electrical products was 3,394.15 billion yuan (the same below), an increase of 6.8%, 1.9 percentage points higher than the growth rate of total commodity exports, and the trade surplus expanded by 4.5% to 1,849.43 billion yuan, higher than the total commodity surplus of 543.08 billion yuan.
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2024-04-17National Bureau of Statistics: GDP in the first quarter of 2024 increased by 5.3% year-on-yearBeijing, April 16, according to the National Bureau of Statistics website news, preliminary accounting, the first quarter GDP 29,629.9 billion yuan, calculated at constant prices, an increase of 5.3%, an increase of 1.6% over the fourth quarter of last year.
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2024-03-29Mechanical and electrical products trade data for February 2024According to the statistics of the General Administration of Customs, in the first two months of 2024, the import and export value of China's mechanical and electrical products increased by 8.2% year-on-year to 449.17 billion US dollars. Among them, the export was 31.1.97 billion US dollars, up 8.5% year on year; Imports reached US $137.19 billion, up 7.7% year on year; The trade surplus expanded 9.1 percent year on year to $174.78 billion, higher than the overall merchandise surplus of $49.61 billion. For details, please refer to the annex: Mechanical and Electrical Products Trade Data for February 2024. Annex: Mechanical and electrical products trade data for February 2024.xlsx
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2024-03-28From January to February 2024, China's investment and cooperation in countries jointly building the Belt and Road InitiativeFrom January to February 2024, Chinese enterprises invested 33.18 billion yuan in non-financial direct investment in countries jointly building the Belt and Road Initiative, up 0.6% year-on-year (US $4.67 billion, down 3.5% year-on-year), accounting for 22.2% of the total in the same period, down 2 percentage points from the same period last year. Mainly to Singapore, Thailand, Vietnam, Malaysia, Indonesia and other countries. In terms of foreign contracting projects, Chinese enterprises signed new contracts for foreign contracting projects in the "Belt and Road" joint construction of the country of 162.86 billion yuan, an increase of 17.7% (US $22.92 billion, an increase of 12.9%), accounting for China's foreign contracting projects in the same period
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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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2024-03-302023 China's photovoltaic industry foreign trade situation analysis and countermeasuresAccording to China's customs statistics, in 2023, China's polysilicon imports were $1.71 billion, down 35.6% year-on-year. In terms of exports, China's photovoltaic product exports in 2023 were 47.59 billion US dollars, down 4.9% year-on-year. Among them, the export value of components was 38.83 billion US dollars, compared with the same period last year.
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2024-03-13The sea is wide, the wind is strong and the sail is good -- Analysis of China's automobile export in 2023 and Prospect in 202412023 car exports exceeded 5 million in the past three years, China's car exports a step a year, from 1 million to 5 million, from the wandering consolidation stage into a period of rapid growth, opened the golden age of Chinese cars to the sea. In the weak global economic recovery, complicated geopolitical conflicts, industry transformation into...
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