Industry News
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China’s imports and exports rise by 5.8% in first four months of 2023
In the first four months of 2023, China’s total value of imports and exports rose by 5.8 percent year on year (the same below) to reach 13.32 trillion yuan. Among them, exports grew 10.6 percent to 7.67 trillion yuan while imports rose 0.02 percent to 5.65 trillion yuan, with the trade sur...Read more -
MOC and PBC: Support foreign trade enterprises to intensify RMB cross-border use further
The Ministry of Commerce and the People’s Bank of China distributed and printed the Notice on Further Supporting Foreign Trade Enterprises to Intensify RMB Cross-border Use and Promote Trading & Investment Convenience jointly recently in order to implement the decisions and deployment...Read more -
China’s PMI in January released: Significant rebounding of manufacturing industry’s prosperity
China’s Purchasing Manager Index (PMI) in January released by China Federation of Logistics and Purchasing (CFLP) and the Service Industry Survey Center of National Bureau of Statistics on January 31 shows that PMI of China’s manufacturing industry was 50.1%, back to the expansion interval. The m...Read more -
Expectations of Domestic Economic Recovery Grow Increasingly Positive; Foreign Investors Are Bullish on China’s Economy
Expectations of Domestic Economic Recovery Grow Increasingly Positive; Foreign Investors Are Bullish on China’s Economy 29 provinces and municipalities set their expected economic growth at around 5% or even higher for this year. With the recent rapid rebound in transportation, culture and touri...Read more -
The Added Value of Enterprises above the Designated Size Nationwide grew by 3.6% Year-on-Year in 2022: The Industrial Economy Regained Stability.
The Added Value of Enterprises above the Designated Size Nationwide grew by 3.6% Year-on-Year in 2022: The Industrial Economy Regained Stability. In 2022 with China’s industrial economy stabilized and improved, the support and contribution of industry to the national economy were further ...Read more -
A New Member Country of Customs AEO MRA!
An AEO MRA is entered into by and between China Customs and Philippine Customs On January 4, 2023, the General Administration of Customs of the People’s Republic of China (GACC), represented by director-general Yu Jianhua, and the Bureau of Customs of the Philippines, represented by the co...Read more -
RCEP agreement to enter into force for Indonesia
The Regional Comprehensive Economic Partnership (RCEP) Agreement entered into force for Indonesia on Jan 2, 2022. At this point, China has mutually implemented agreements with 13 of the other 14 RCEP members. The entry into force of the RCEP Agreement for Indonesia brings the full implementation ...Read more -
Since January 1, 2023, in China, the import and export tariffs of some commodities will be adjusted
In order to implement the spirit of the 20th National Congress of the Communist Party of China and the decision-making and deployment of the Party Central Committee and the State Council, give full play to the role of tariffs as a connection point of the dual circulation between domestic and inte...Read more -
Industry Hot News ——Issue 084, 16 Sep. 2022
[Electrical Equipment] Humanoid robot industry development drives growth in precision reducer investment. The humanoid robot industry is currently under rapid development. The core component of the robot joint drive unit and joint design is expected to drive demands for planetary reducers, harmon...Read more -
Industry Hot News ——Issue 083, 9 Sep. 2022
[Chemicals] The World’s First Coal-based MMA (Methyl Methacrylate) Unit Put into Operation in Xinjiang, China Recently, the 10,000-ton coal-based methanol-acetic acid-to-MMA (methyl methacrylate) production unit of Xinjiang Zhongyou Puhui Technology Co., Ltd. has been put into operation in...Read more -
Industry Hot News ——Issue 082, 2 Sep. 2022
[Power] The first domestic virtual power plant management center was established; communication aggregation is the core. Recently, Shenzhen Virtual Power Plant Management Center was established. The center has access to 14 load aggregators of distributed energy storage, data centers, charging sta...Read more -
Tesla fire sparks new disputes over energy vehicle safety; Technology upgrade of batteries becomes key to industry development
Recently, Lin Zhiying ran into a serious traffic accident when driving a Tesla Model X in which the vehicle caught fire. Although the exact cause of the accident is still subject to further investigation, the incident has sparked a heated discussion on Tesla and new energy vehicle safety. As the...Read more
