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
    6680
  • 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
    6100
  • Foreign trade formats and market structure were continuously optimized: the import and export in the first three quarters was 185.94 billion RMB

    Recently, the reporter learned from Nantong Customs that in the first three quarters, our city’s total foreign trade import and export value was 185.94 billion yuan, ranking fourth in Jiangsu Province, accounting for 5.8% of the province’s total import and export value. Among them, exports totaled 125.38 billion yuan, up 1.5%. Behind the data, there is a feature of continuous optimization of foreign trade formats and market structure. Data show that in the first three months, the general trade toughness with relatively higher added value and more self-development ability was further revealed, with imports and exports reaching 133.3 billion yuan, accounting for 71.7% of the total value of imports and exports. Emerging trade formats such as market procurement and cross-border e-commerce continued to grow steadily. Judging from the market structure, the process of diversification of trading partners continues to advance. The biggest bright spot is the obvious growth trend towards ASEAN and the countries along the “the belt and road initiative”, with import and export of 25.53 billion yuan and 59.14 billion yuan respectively, up 5.6% and 7.3% respectively, both…

    November 9, 2019
    7860
  • 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
    6450
  • Good Response, Fast Train and Innovation —— Looking at Anhui Private Foreign Trade to Improve Quality and Increase Efficiency

    Xinhua News Agency, Hefei, October 30-Good Coping, Fast Train, Innovation-Looking at Anhui’s Private Foreign Trade to Improve Quality and Increase Efficiency Xinhua News Agency reporters Wang Ona and Wang Fei The latest statistics from the Anhui Provincial Department of Commerce show that from January to September this year, private enterprises in Anhui Province realized an import and export of 24.96 billion US dollars, accounting for nearly 50% of the province’s total import and export value, up 28.5% year-on-year, of which 17.63 billion US dollars were exported, up 25.3% year-on-year. Thanks to many government escort measures and the innovation and upgrading of enterprises themselves, Anhui’s private foreign trade has handed over a report card that is fast and steady, and is becoming a “new force” in the high-quality development of foreign trade. Sail with the wind and take advantage of the wind to actively cope with the changing market. Behind the steady growth is the keen grasp of the market and the flexible adjustment of private foreign trade enterprises. “With the recognition of traditional Chinese medicine abroad getting higher and higher,…

    November 9, 2019
    7010
  • Nantong Rugao Economy: Rugao City Realizes Foreign Trade Import and Export 18.29 Billion Yuan from January to September

    Rugao city achieved 18.29 billion yuan in foreign trade import and export from January to September. From January to September, Rugao realized foreign trade import and export of 18.29 billion yuan, an increase of 1.9% over the same period last year, accounting for 9.8% of Nantong’s total import and export value. Among them, exports reached 15.16 billion yuan, up 3.6%, accounting for 12.1% of Nantong’s total export value. The export scale ranked among the top three in Nantong’s counties and cities. From January to September, the city’s import and export by general trade was 13.14 billion yuan, down 3.3%, accounting for 71.9% of Rugao’s total import and export value in the same period. Among them, the general trade export was 11.48 billion yuan, the same as last year. Imports and exports through processing trade totaled 4.24 billion yuan, up 7.7%. During the same period, the import and export trade volume of bonded warehouses reached 890 million yuan, up 1.3 times. Imports and exports to the EU and Japan reached 4.56 billion yuan and 2.18 billion yuan respectively, up 23.2% and…

    November 9, 2019
    8190
  • With the aid of the Expo, Ningbo will continue to give full play to its advantages in foreign trade

    On the afternoon of the 7th, the Ningbo-the belt and road initiative Trade Docking Conference and the Signing Ceremony for Major Procurement Projects were held in Shanghai. A batch of advanced manufacturing equipment and other procurement agreements were signed on site. It is understood that the signing ceremony for procurement projects included a total of 26 projects from 11 countries and regions including Germany, Poland, Sri Lanka, the United States, Japan, South Korea and Singapore. Ningbo is a major foreign trade city. In the first three quarters of this year, the total import and export volume of Ningbo reached 681.01 billion yuan, up 6.8%. Among them, the export value was 444.12 billion yuan and the import value was 236.89 billion yuan, up 8.2% and 4.3% respectively, with the national share rising to 3.56% and 2.27% respectively. Cross-border e-commerce transactions continued to lead the country. In the first three quarters, the amount of cross-border e-commerce imports and check-and-release orders reached 13.5 billion yuan and 74.9 million votes respectively, up 38.7% and 27.1%, ranking first in the country.Due to its advantages in…

    November 9, 2019
    7990
  • First 10 months, China’s foreign trade and import increased by 2.4%, EU remained China’s largest trading partner

    The day before yesterday in the morning, China’s General Administration of Customs announced the import and export of China’s foreign trade in the first ten months. 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 dollar terms, the total value of China’s imports and exports in the first 10 months was US$ 3.74 trillion, 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%. Looking only at 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%. Measured in US dollars, China’s total import and export value in…

    November 9, 2019
    7220
  • 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
    7750
  • 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
    6510