China to surpass the US to become Israel’s largest source of goods imports in 2021
China-to-surpass-the-US-to-become-Israel's-largest-source-of-goods-imports-in-2021

Statistics released by Israel’s Central Bureau of Statistics last Thursday (20th) show that in 2021, China will surpass the United States to become Israel’s largest source of imports of goods. According to the report, last year, Israel’s imports from China totaled US$10.7 billion, compared with US$7.7 billion in 2020, a year-on-year increase of nearly 40%; […]

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Electromechanical industry benefits from RCEP tariff reduction
Electromechanical industry benefits from RCEP tariff reduction

On January 1, the Regional Comprehensive Economic Partnership (RCEP) came into effect. After the RCEP agreement comes into effect, more than 90% of the trade-in goods among the approved member states will eventually achieve zero tariffs. Among them, mechanical and electrical products are China’s largest export category, and its export stability plays a pivotal role […]

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The first international freight train on the China-Laos Railway departs for the Year of the Tiger in Jiangsu
The first international freight train on the China-Laos Railway departs for the Year of the Tiger in Jiangsu

The reporter learned from China Railway Shanghai Bureau Group Co., Ltd. that at 10:36 on February 22, with the 79561/4 freight train carrying 70 TEUs of export goods, it departed from Nanjing Yaohuamen Railway Station and headed for the capital of Laos. Vientiane marks the opening of the China-Laos Railway (Nanjing-Vientiane) international freight train COFCO. […]

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India’s electronics imports from ASEAN drop
India's electronics imports from ASEAN drop

The number of India’s imports of electronic hardware products from partners in existing Free Trade Agreements (FTA), including ASEAN, after India tightened its rules of origin by requiring additional documents other than the Certificate of Origin (COO) to enjoy preferential tariffs decline. This is India’s action after the country’s domestic industry continued to report that […]

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China drives strong recovery in global trade
China drives strong recovery in global trade

According to data released by the U.S. Department of Commerce recently, the U.S.’s total imports in 2021 will be $3.39 trillion, up 20.5% year-on-year; total exports will be $2.53 trillion, up 18.5% year-on-year, both hitting record highs. Among them, U.S. merchandise exports to China increased by 21.4% year on year to $151.1 billion, the highest […]

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It is very necessary to promote the diversification of China’s oil and gas imports
It is very necessary to promote the diversification of China's oil and gas imports

Recently, international oil prices hit a new high since 2016. In this context, China’s oil and gas imports are diversifying, especially Sino-Russian oil and gas cooperation. The main significance of Sino-Russian energy cooperation (especially oil and gas pipelines) can be summarized as two points, one is the complementarity of the resource market, and the other […]

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Tesla’s annual sales in Japan nearly triple
Tesla's annual sales in Japan nearly triple

The Japanese government’s pledge to become carbon neutral by 2050 appears to have shifted its earlier focus on protecting the country’s auto industry. It now aims to cut emissions by nearly half from 2013 levels by 2030 and wants to ban the sale of gasoline-fueled cars by the mid-2030s. Meanwhile, the Japanese government is making […]

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China’s import and export volume exceeded US$6 trillion for the first time
China's import and export volume exceeded US$6 trillion for the first time

According to China CCTV news reports, the State Council Information Office held a press conference this morning (14th), and Li Kuiwen, spokesman of the General Administration of Customs and director of the Department of Statistics and Analysis, introduced the import and export of foreign trade in 2021. According to customs statistics, China’s total import and […]

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U.S., EU reach deal on scrapping steel, aluminum tariffs
U.S., EU reach deal on scrapping steel, aluminum tariffs

The U.S. and the European Union reached an agreement to remove tariffs on steel and aluminum, which resolved the tariff trade dispute. Reuters reported that the agreement will not only allow European steel to be exported to the United States duty-free and exempt more than $10 billion in annual export tariffs from the United States […]

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China becomes an important road for global interconnection
China becomes an important road for global interconnection

Twenty years ago, China became the 143rd full member of the World Trade Organization (WTO). Over the past 20 years, 21 new members including Chinese Taipei, Saudi Arabia, Russia and Afghanistan have joined the WTO family one after another, forming the world’s largest economic and trade platform with 164 full members and 25 observers. In […]

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