Creating a Good Market Environment and Stabilizing Foreign Trade with Various Measures

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• Trade News

  Central first! In the first three quarters, Henan’s total foreign trade value reached 366.72 billion RMB

  Core tips On October 17, the reporter learned from Zhengzhou Customs that in the first three quarters of this year, the total value of foreign trade import and export in Henan Province was 366.72 billion yuan, the same as that in the same period last year, ranking first in the central region. Of this, 236.49 billion yuan was exported and 130.23 billion yuan was imported. In September, imports and exports reached 72.55 billion yuan, a 12-month high. In the first three quarters, Henan’s foreign trade totaled 366.72 billion yuan. In the first three quarters, Henan’s foreign trade showed four bright spots. The structure of foreign trade continued to be optimized. General trade imports and exports with long industrial chain and high value-added rate reached 145.45 billion yuan, up 7.2%, accounting for 39.7% of the total foreign trade value in the same period. The number of foreign trade enterprises has further increased. With the continuous optimization of the province’s business environment and steady improvement of trade facilitation level, the number of foreign trade enterprises in Henan Province has increased, with 8,007…

  November 9, 2019

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• Trade Chances

  Jiangsu’s Economic Data Opened to Large Provinces in the First Three Quarters and Its Pace to the World Becomes More Self-confident

  Since the beginning of this year, downward pressure on domestic and foreign economies has further increased. What is the performance of Jiangsu, a big province with an open economy, in the new situation, new challenges and new opportunities? The latest report card shows that from January to September, Jiangsu’s import and export trade grew steadily, the quality of foreign capital utilization improved, and “going out” became the conscious pursuit of more market players. Jiangsu is more confident in its pace towards the world. Market Optimization, Export Growth to “the belt and road initiative” On October 26, Shen Xi, manager of the second part of the complete set project of Haiqi Group, flew from Nanjing to Bishkek, capital of Kyrgyzstan, with a bid of 35 kg, to participate in the bidding for the renovation project of Kyrgyzstan’s hydropower station on the afternoon of the 30th. Last time, they successfully completed the renovation of the Toktogor hydropower station, ensuring that one third of the generating units in Kyrgyzstan can generate electricity smoothly in winter. Using project contracting to drive foreign trade exports…

  November 9, 2019

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• Trade News

  General Administration of Customs: China’s Foreign Trade Import and Export Increase by 2.4% in the First October

  On November 8, the General Administration of Customs released the latest import and export trade statistics on its website. Statistics show that in the first 10 months of this year, China’s total import and export value of goods was 25.63 trillion yuan, up 2.4% from the same period last year. Among them, exports reached 13.99 trillion yuan, up 4.9%. Imports were 11.64 trillion yuan, down 0.4%. The trade surplus was 2.35 trillion yuan, up 42.3%. In October, China’s total import and export value was 2.71 trillion yuan, down 0.5%. Among them, exports reached 1.51 trillion yuan, up 2.1%. Imports were 1.2 trillion yuan, down 3.5%. The trade surplus was 301.28 billion yuan, up 33%. In dollar terms, in the first 10 months, China’s total import and export value was 3.74 trillion US dollars, down 2.5%. Of this total, exports reached US$ 2.04 trillion, down 0.2%. Imports reached US$ 1.7 trillion, down 5.1%. The trade surplus was 340.29 billion US dollars, up 34.9%. In October, China’s total import and export value was 383.05 billion US dollars, down 3.4%. Of this, exports…

  November 9, 2019

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• Trade News

  Imports and exports in the first three quarters increased nearly 30% year on year, while Hainan’s foreign trade improved steadily

  Hainan’s economic “report card” for the first three quarters of 2019 was released on October 23, and “overall stability, stability and progress” became the keynote of Hainan’s economic development in the first three quarters. It is worth mentioning that Hainan’s foreign trade has delivered a brilliant “answer sheet” in the same period-driven by the construction boom of Hainan’s free trade zone and free trade port, Hainan’s total import and export value reached 66.93 billion yuan in the first three quarters, up nearly 30% from the same period of last year (the same below). ASEAN, the United States and the European Union are the top three trading partners of Hainan province. The trend of improving quality while maintaining stability in foreign trade has been continuously consolidated, and the development potential has been continuously revealed. Foreign trade is playing a more fundamental and supporting role in stabilizing growth. Import Growth Power Shift Upgrade Imports of Consumer Goods Grow Rapidly What kind of experience is it when you meet something you want to buy with both goods and discounts? “Excitement!” On October 22,…

  November 9, 2019

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• Trade Chances

  Hunan’s Total Import and Export Value in the First Three Quarters Grows 50.4% Year-on-Year

  How big can business be with one hair? Five years ago, Wang Jinhua said that he would be satisfied if he could sell 500,000 yuan a year. In the first half of this year, his Hunan Shaoyang Yuantai Industrial Company exported 19 million US dollars of hair products. “60% of the wigs worn by African friends come from Shaoyang!” Thai is a microcosm. In a short span of four or five years, the number of enterprises with export performance in Hunan has grown from less than 1,000 to nearly 6,000. The river is full of water. According to Changsha Customs statistics, in the first three quarters, Hunan’s total import and export value was 313.41 billion yuan, up 50.4% over the same period last year. On the basis of two consecutive years of high growth in 2017 and 2018, Hunan’s import and export value increased rapidly. Why does import and export rise in Hunan, an inland province that does not border or coast? There are “nannies” in the park. Enterprises Break Shell Wang jinhua’s fortune benefited from a series of measures…

  November 9, 2019

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• Trade News

  China’s Foreign Trade Developed Steady in the First 10 Months

  According to customs statistics, in the first 10 months of this year, the total value of China’s import and export of goods was trillion yuan, up from the same period last year, continuing the steady development trend. Among them, the export was trillion yuan, up; Imports dropped by 1 trillion yuan. The trade surplus is trillion yuan, expanding. In October, China’s total import and export value was 1 trillion yuan. Among them, the export was trillion yuan, up; Imports dropped by 1 trillion yuan. Li Kuiwen, Director of the Statistics and Analysis Department of the General Administration of Customs, said that the growth of international economy and trade has slowed down since this year, but China’s domestic economy has been running smoothly and the toughness of foreign trade import and export has increased. The import and export in a single month has remained at a high level of over 1 trillion yuan for four consecutive months. In the first 10 months, China’s general trade increased and its proportion increased. General trade imports and exports totaled 1 trillion yuan, an increase…

  November 9, 2019

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• Trade News

  First 10 months of China’s announcement, China’s foreign trade increased by 2.4%, its trade surplus expanded by 42.3%

  According to customs statistics, in the first 10 months of this year, China’s total import and export value of goods was 25.63 trillion yuan, up 2.4% from the same period last year. Among them, exports reached 13.99 trillion yuan, up 4.9%. Imports were 11.64 trillion yuan, down 0.4%. The trade surplus was 2.35 trillion yuan, up 42.3%. In October, China’s total import and export value was 2.71 trillion yuan, down 0.5%. Among them, exports reached 1.51 trillion yuan, up 2.1%. Imports were 1.2 trillion yuan, down 3.5%. The trade surplus was 301.28 billion yuan, up 33%. The growth of general trade is faster than the overall growth of import and export to the countries along the “the belt and road initiative”. In the first 10 months, China’s general trade import and export reached 15.19 trillion yuan, up 4.8%, accounting for 59.3% of China’s total foreign trade value, up 1.4 percentage points from the same period last year. Among them, exports reached 8.14 trillion yuan, up 8.5%. Imports were 7.05 trillion yuan, up 0.7%. The trade surplus was 1.09 trillion yuan,…

  November 9, 2019

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• Trade Chances

  In the first three quarters, Tibet’s foreign trade increased strongly in Xigaze

  China’s Tibet News reporter learned from Lhasa Customs that the total value of Tibet Autonomous Region’s foreign trade imports and exports in the first three quarters of 2019 was 3.061 billion yuan. Among them, the total value of foreign trade import and export in Xigaze City of Tibet Autonomous Region was 312 million yuan, accounting for 10.2% of the total value of import and export in the whole region during the same period. It was 2.4 times higher than that in Lhasa, ranking first among the seven cities (regions) in Tibet Autonomous Region. The picture shows the first freight vehicle passing through China-Nepal Friendship Bridge on May 29, 2019. The picture shows Nieramu Customs officers on duty at the joint inspection site at the port. According to the person-in-charge of the Lhasa Customs Integrated Services Office, in the first three quarters, there were three bright spots in Xigaze’s foreign trade. First, the total value of trade between border residents in the city was 159 million yuan, up 2.9 times. Small border trade amounted to 149 million yuan, an increase of…

  November 9, 2019

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• Trade News

  The State Council has made another move: to stabilize foreign trade, optimize foreign exchange management and facilitate cross-border trade and investment

  China’s regular session will stabilize foreign trade three times this year! The executive meeting of the State Council held on the 23rd arranged to do a better job of stabilizing foreign trade and promote quality improvement in import and export. At the same time, in order to do a good job of foreign trade and investment, the national regular meeting also decided to optimize foreign exchange management and promote cross-border trade and investment facilitation of 12 measures. Key measures include: 1, to further improve the export tax rebate, trade financing, credit insurance and other policies 2. Promote the construction of a high-standard FTZ network 3, foster new forms of foreign trade 4. Increase the import of agricultural products, daily consumer goods and equipment, spare parts, etc. to meet domestic demand 5, allowing non-investment foreign-invested enterprises to carry out domestic equity investment with capital. 6, expand the trade and foreign exchange revenue and expenditure facilitation pilot Measures to Stabilize Foreign Trade Continue to Increase Since this year, the executive meeting of the State Council has made three arrangements for stabilizing foreign…

  November 9, 2019

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• Trade News

  Foreign Trade and Foreign Investment Facilitation Article 12

  Foreign Trade and Foreign Investment Meet “12 Facilitation Rules”. Benefit more than 95% of cross-border e-commerce enterprise customers of payment institutions, save more than 50% of the preparation and review time of enterprise documents, and facilitate the use of capital by non-investment foreign-invested enterprises. Recently, the State Administration of Foreign Exchange issued a notice on further promoting the facilitation of cross-border trade and investment. The new changes brought about by the 12 measures have aroused widespread concern. Experts pointed out that the 12 measures to facilitate cross-border trade and investment introduced this time will further facilitate market participants to handle foreign exchange business and provide strong support for stabilizing foreign trade and foreign investment.Banks and enterprises have more autonomy “On the basis of full investigation and preliminary experiments, SAFE has studied and launched 12 policies and measures to facilitate cross-border trade and investment. It has made great efforts to improve the level of foreign exchange management services for the real economy and promote trade and investment facilitation and high-quality economic development.” Talking about the “Circular” released this time, Wang Chunying,…

  November 9, 2019

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