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07 / 2023

New global foreign trade regulations in July 2023: Trade changes between China and the world

In today’s globalization, trade relations between countries are becoming increasingly close. However, with the adjustment of national economic policies, the introduction of new foreign trade regulations is also continuously affecting the global trade pattern. This article will detail the relevant content of the new global foreign trade regulations in July 2023, and how these new regulations affect China’s trade relations with the world.

03

07 / 2023

Major North American ports to hold a major strike starting July 1, 2023, which may affect the global supply chain

On June 28, 2023, the International Terminal and Warehouse Trade Union Canada (ILWU Canada) issued a 72 hour strike notice to the British Columbia Marine Employers Association (BCMEA) announcing the start of the strike at 8 a.m. on July 1, 2023.

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06 / 2023

The United Nations report reveals that global trade rebounded in the first quarter of 2023, and China and Indias export performance was eye-catching.

The Global Trade Update report, recently released by the United Nations Conference on Trade and Development (UNCTAD), showed positive growth in global trade in goods and services in the first quarter of 2023. This growth was pronounced after the decline in the second half of 2022.

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06 / 2023

Abnormal global climate drives agricultural product prices up: impacts on economic and financial stability and responses

Unusually high temperatures and dry weather worldwide have recently triggered a massive rise in international agricultural futures prices. According to the latest forecast by the World Meteorological Organization (WMO), the likelihood of an El Ni?o phenomenon between June and August 2023 is almost 70%, which could mean that this summer will be warmer. In addition, rising food prices are also a challenge for countries to inflation targets.

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06 / 2023

Indonesia to ban copper exports to promote the development of domestic metal processing industry

Indonesian President Zuko Vidodo recently announced that the country will stop exporting primary copper in the near future, instead of processing it into catholic copper at home.

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06 / 2023

Under the changes in the global trade environment, Chinas exports fell by 7.5% in May.%

Recently, the latest foreign trade statistics released by the General Administration of Customs of China in May showed that Chinas gross value of imported and exported goods was $5011.91 billion, down 6.2% compared to the same year. of which the gross value of exports was $2834.99 billion, down 7.5% compared to the same year; the gross value of imports was $2176.92 billion, down 4.5% compared to the same year; the trade surplus was $658.07 billion, narrowed by 16.1% compared to the same year.