UN report predicts: World economy will grow by 2.8% in 2025
January 10, 2025
As a key indicator of global economic development, the United Nations World Economic Situation and Prospects 2025 report has garnered significant attention. The report forecasts a global economic growth rate of 2.8% in 2025, consistent with 2024. Despite demonstrating resilience and withstanding a series of compounding shocks, the global economys growth rate remains below the pre-pandemic average of 3.2%.
2025 Thailands New Duty-Free Policy: How Will Chinas Export Trends Shift Under the 1,500 Baht Threshold?
January 2, 2025
December 16, 2024, the Thai government announced through the Royal Gazette a Ministry of Finance notice declaring duty-free imports (including freight and insurance) valued under 1,500 baht from January 1, 2025 to December 31. The Thai Customs Department will implement the policy, including import goods review, duty-free qualification verification, and declaration process optimization. Meanwhile, customs will...
New US bill: Chinas shipping of goods to the US has changed
December 25, 2024
Recently, the United States has taken new actions again. A bill called SHIPS for America Act has emerged, and instantly become the focus of the global trade field. The bill stipulates that within 15 years from its entry into force, at least 10% of all goods imported from China to the United States shall be transported by US flag vessels. This regulation is aimed at US importers and will increase from the 5th year after the bill takes effect...
South Koreas turmoil triggered an economic crisis, affecting Chinas foreign trade
December 19, 2024
On December 3, 2024, South Korean President Yoon Seok-yeol declared martial law, triggering conflicts from all sides. The National Assembly subsequently voted to revoke the martial law order. On December 14, the South Korean National Assembly passed a motion to impeach President Yoon Seok-yeol with 204 votes in favor and 85 votes against. His presidential powers were suspended, and Prime Minister Han Deok-soo acted as president. On December 16, the Constitutional Court of South Korea...
Understand these export terms and avoid foreign trade traps
December 17, 2024
In the entire process of export trade, professional terminology undoubtedly plays a crucial role. From the initial negotiations between the two parties to the signing of the contract, and then to the transportation, handover of goods, and subsequent customs clearance and foreign exchange settlement, professional terminology acts as precise navigation, clearly guiding the actions of both buyers and sellers, and clarifying their respective responsibilities and risk-taking boundaries...
Chinas foreign trade growth combination punch opens up a new world for foreign trade
December 16, 2024
In recent years, against the backdrop of a complex and volatile international situation, global economic growth momentum has been weak, trade protectionism has been rampant, the world openness index has declined, and the growth rate of global trade has even been lower than the growth rate of global GDP. However, Chinas foreign trade has shown strong resilience and has accelerated its positive trend. Data shows that in the first 11 months of this year, Chinas total import and export value of goods trade was 39....
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 the "CISCE") was held in Beijing from November 26 to November 30, with the theme of "Connecting the World for a Shared Future." As the world's first national-level exhibition themed around supply chains, the CISCE holds a unique position and distinctive features. Unlike traditional exhibitions focused on selling goods, it emphasizes showcasing supply chains and ecosystems...
China-Pakistan Community of Shared Future: Reshaping the New Pattern of Chinas 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.
Follow the customer service WeChat account.
