Japan officially ends GSP treatment for China
Japan officially ends GSP treatment for China

From April 1st, Japan officially ended the GSP treatment for China. Prior to the GSP tariff preference, the average tariff rate was about 3%. After the GSP treatment was abolished, the average tariff rate of goods exported to Japan would rise by about 3 percentage points, and some products even went up by more than […]

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High-tech product exports have accounted for 30% of national exports
High-tech product exports have accounted for 30% of national exports

The press conference of the Second Session of the 13th National People’s Congress held a press conference on the morning of March 9. Minister of Commerce Zhong Shan, Vice Minister of Commerce, Deputy Representative of International Trade Negotiation Wang Shouwen and Vice Minister of Commerce Qian Keming answer questions from Chinese and foreign journalists on […]

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Venezuela announces imports from China
Venezuela announces imports from China

Earlier, the United States froze nearly $7 billion in assets in the Venezuelan central bank and also banned Venezuela’s oil exports to the United States, leaving Venezuela with at least $11 billion in export losses in the coming year. For Venezuela, where their economy is highly dependent on is the oil industry, the power of […]

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China will cut the VAT rate on imported goods from April 1
China will cut the VAT rate on imported goods from April 1

The head of the Customs Department of the General Administration of Customs said on the 27th that this will reduce the value-added tax burden of import enterprises by about 225 billion RMB (RMB, the same below) and reduce the consumer tax burden by 1.35 billion RMB, further stimulating market vitality. On May 1, last year, […]

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China International Goods and Services Trade Data for January 2019
China International Goods and Services Trade Data for January 2019

China International Goods and Services Trade Data for January 2019 In January 2019, China’s international revenue and expenditure international trade in goods and services reached 1.596 billion RMB, with expenditures of 1,437.9 billion RMB and a surplus of 158.1 billion RMB. Among them, the trade income of goods was 145.11 billion RMB, the expenditure was […]

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