Shanghai Customs strictly investigates illegal import of precursor chemicals, and the company was fined 43,000 yuan!
13 May 2024
Shanghai Customs recently cracked down on a case involving the suspected illegal import of products containing precursor chemicals, with the implicated company being Firmenich Fragrances (Zhangjiagang) Co., Ltd. Between September 30, 2021, and May 19, 2023, the company declared the import of fragrance products labeled as Jasminum grandiflorum absolute and Neroli absolute through general trade, totaling 20 shipments with a weight of 22.7 thousand...
Chinas textile and garment exports increased by 2.3%, and its international competitiveness has increased!
May 10, 2024
In the context of the global economic recovery, Chinas textile and garment industries showed a steady growth trend. According to the latest data released by the China Textile Importers Association, Chinas textile and garment trade volume reached $711.5 billion in the first quarter of 2024, an increase of 2.3% compared to the same year. This growth is mainly due to the increase in exports to the U.S., ASEAN and EU markets, showing that Chinas textile and garment exports have increased by more than a decade.
US preliminarily recognizes Vietnams market economy status
9 May 2024
在全球貿(mào)易格局中，越南近年來(lái)迅速崛起為一個(gè)重要的制造和出口中心。在此背景下，美國(guó)商務(wù)部的最新決定——初步承認(rèn)越南的“市場(chǎng)經(jīng)濟(jì)”地位——成為了國(guó)際經(jīng)貿(mào)領(lǐng)域的一個(gè)顯著事件。 據(jù)美國(guó)和國(guó)際媒體報(bào)道，美國(guó)的這一決策遭到了其國(guó)內(nèi)工業(yè)界，尤其是鋼鐵和...
Shipping costs soar! Global market space shortage affects international trade prices
8 May 2024
近期，寧波航運(yùn)交易所發(fā)布的數(shù)據(jù)顯示，從4月27日至5月3日，海上絲綢之路指數(shù)之寧波出口集裝箱運(yùn)價(jià)指數(shù)（NCFI）急劇上升至1599.7點(diǎn)，環(huán)比上漲11%。在涵蓋的21條航線中，16條航線的運(yùn)價(jià)指數(shù)有所上漲，表明全球貨運(yùn)市場(chǎng)正在經(jīng)歷一波顯著的價(jià)格調(diào)整。 特...
Jingyuan Electronics sells Chinese assets, and the global semiconductor supply chain welcomes changes!
May 7, 2024
KYEC, a global leader in semiconductor assembly and testing (OSAT) outsourcing services, recently announced the sale of its subsidiary shares in Mainland China and plans to completely exit the Chinese market. This decision was made against the backdrop of geopolitical tensions between China and the United States, reflecting significant strategic adjustments in the global semiconductor industry under the influence of international politics.
The trade between China and France has witnessed remarkable growth: Agricultural products and high - end consumer goods have become the highlights!
May 7, 2024
Recently, data released by the General Administration of Customs of China revealed significant growth in China-French trade over the past five years, with an average annual growth rate of 5.9%. From 2019 to 2023, bilateral trade continued to intensify, indicating that the economic cooperation between the two countries in several key areas continued to deepen. In the first quarter of 2023, Chinas total export imports to France reached 1272,2 billion yuan, showing that the two countries economic...
Indias imports from China explode: trade dependency and economic ties deepen!
May 7, 2024
According to the latest report from the Global Trade Research Initiative (GTRI), India's imports from China surpassed the $101 billion mark in the 2023-2024 fiscal year, showing a significant increase from approximately $70 billion in the 2018-2019 fiscal year. Over the past 15 years, the share of Chinese products in India's industrial imports has risen from 21% to 30%. This shift not only highlights the deepening economic ties between the two countries...
The strengthening of the dollar: unexpected winners for Asian chipmakers and European industrial stocks!
May 6, 2024
隨著美元匯率的強(qiáng)勁表現(xiàn)，全球金融市場(chǎng)的多個(gè)板塊正在經(jīng)歷深刻的變化。特別是那些重度依賴美國(guó)市場(chǎng)的外國(guó)出口企業(yè)，他們正在從美元的走強(qiáng)中獲益，尤其是亞洲的芯片制造商和歐洲的工業(yè)及制藥公司。 據(jù)高盛集團(tuán)指出，對(duì)美出口公司的股價(jià)表現(xiàn)在今年已經(jīng)...
The rise of Russian wheat: Global grain market supply chain restructuring!
May 6, 2024
The international grain market is undergoing a significant supply chain and geopolitical realignment as countries in the Global South increasingly favor wheat imports from Russia over Europe. The latest forecast from the U.S. Department of Agriculture (USDA) projects Russia's grain exports to reach a record high of 52 million metric tons in the 2023-2024 agricultural year, underscoring the growing dominance of Russian wheat in global markets...
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