Exporters expand markets amid potential US tariff hikes
Trending News
2 months ago

Exporters expand markets amid potential US tariff hikes

China Daily  

By Zhong Nan | China Daily | Updated: 2025-01-23 07:11 A container ship leaves Qingdao Port, Shandong province. With many parts of the world facing potential tariff hikes from the new administration of the United States, a large number of Chinese manufacturers have been taking proactive steps to diversify their trade markets, focusing on expanding into emerging markets and upgrading products. Many Chinese exporters said they are also placing strong emphasis on driving innovation to mitigate the effects of potential tariff hikes, aiming to maintain competitiveness in the face of external pressures and ensure sustained growth in global markets. Many Chinese companies have already expanded into emerging markets and are developing tech-intensive green products, including electric vehicles and dual-fuel ships, to reinforce their earning strength and mitigate the risks posed by protectionist measures and geopolitical tensions, said Liu. "Amid uncertainties like potential tariffs and other trade measures in certain countries, coupled with a highly competitive domestic market, we have shifted our focus to emerging markets since 2021," said Qiu Riju, the company's general manager.

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History of this topic

Xizang's foreign trade hits $1.74 billion in 2024
1 month, 1 week ago

Xizang's foreign trade hits $1.74 billion in 2024

China Daily  

By Palden Nyima and Daqiong in Lhasa | chinadaily.com.cn | Updated: 2025-02-20 16:18 According to the latest data from Lhasa Customs, the Xizang autonomous region witnessed outstanding foreign trade growth in 2024, with the total value of imports and exports reaching 12.67 billion yuan, up 15.4 percent year-on-year. People's Daily reported that this growth helped Xizang's foreign trade surpass the …

China builds economic fortress as US trade pressure mounts: Report
1 month, 2 weeks ago

China builds economic fortress as US trade pressure mounts: Report

Firstpost  

China is ramping up self-sufficiency in key industries like EVs, semiconductors, and AI to counter US trade restrictions, though challenges in chip production and global market tensions persist. China reduced its reliance on US farm imports Since the US and China imposed tit-for-tat tariffs in their trade war during Donald Trump’s first presidential term, Beijing has taken steps to reduce …

Exporters expand markets amid potential US tariff hikes
Trending News
2 months ago

Exporters expand markets amid potential US tariff hikes

China Daily  

By Zhong Nan | China Daily | Updated: 2025-01-23 07:11 A container ship leaves Qingdao Port, Shandong province. With many parts of the world facing potential tariff hikes from the new administration of the United States, a large number of Chinese manufacturers have been taking proactive steps to diversify their trade markets, focusing on expanding into emerging markets and upgrading …

Renewed US trade war threatens China's 'lifeline'
2 months, 1 week ago

Renewed US trade war threatens China's 'lifeline'

The Hindu  

China might not be able to rely on trade to steer it out of trouble as blistering tariffs being considered by US President-elect Donald Trump threaten an already struggling economy. China's economy likely grew 4.9% last year, according to an AFP survey of experts, fractionally short of the government's five percent target and down from 5.2% in 2023. Adjusted for …

Nation's foreign trade hits new high
2 months, 1 week ago

Nation's foreign trade hits new high

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. The total value of China's foreign trade reached a record high of 43.85 trillion yuan in 2024, marking a 5 percent year-on-year growth, customs statistics showed. The country's exports amounted to 25.45 trillion yuan last year, an increase of 7.1 percent year-on-year, while imports totaled 18.39 trillion …

India, Asean to gain as looming US tariffs shake up global trade: BCG
2 months, 2 weeks ago

India, Asean to gain as looming US tariffs shake up global trade: BCG

Live Mint  

New Delhi: India and Asean bloc stand to gain as looming tariffs under the second Donald Trump administration in the US and geopolitical tension reshape global trade flows over the next decade, according to a Boston Consulting Group report. India’s economic growth, combined with favourable policies aimed at boosting its manufacturing capabilities, positions it as a key player in the …

China’s export boom means Trump tariffs would hit Beijing where it hurts
2 months, 2 weeks ago

China’s export boom means Trump tariffs would hit Beijing where it hurts

Live Mint  

China’s economy is more dependent on exports than it has been for most of the past two decades, leaving it vulnerable to a new broadside on trade from President-elect Donald Trump. Aside from 2021, when consumers the world over were gorging on Chinese-made home appliances, fitness equipment and computer gear during Covid-19 lockdowns, that would mark trade’s biggest contribution to …

China’s exports in December up 10.7%, beating estimates as higher US tariffs loom
2 months, 2 weeks ago

China’s exports in December up 10.7%, beating estimates as higher US tariffs loom

Associated Press  

HONG KONG — China’s exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that U.S. President-elect Donald Trump has threatened to impose once he takes office. With exports outpacing imports, China’s trade surplus grew to $104.84 billion in December, and nearly $1 trillion for the year, at $992.2 billion. …

Ample opportunities seen for foreign trade in 2025
2 months, 2 weeks ago

Ample opportunities seen for foreign trade in 2025

China Daily  

China's foreign trade, particularly exports of mechanical and electrical products, along with its resilient supply chains, will be pivotal in curbing global inflation and driving the green transformation of many countries in 2025, market analysts and exporters said on Friday. Although external risks and challenges, including increasing trade barriers and geopolitical impacts, are growing, they said there are still ample …

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’
2 months, 2 weeks ago

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’

Live Mint  

As Donald Trump returns as the US President on 20 January, the world will closely watch his trade policies. During his first term, Trump initiated a trade war with China in 2018, imposing tariffs on $250 billion worth of Chinese goods, including steel, aluminium, solar panels and washing machines. China's trade surplus stood at $785 billion for the first 10 …

China’s firms are taking flight, worrying its rulers
2 months, 3 weeks ago

China’s firms are taking flight, worrying its rulers

Live Mint  

FOR DECADES China has put foreign capital to work. China’s firms have so far resisted hiring local workers, buying from local suppliers or sharing technology, leading recipient countries in Asia and Europe to press for more tech transfer. Tariffs introduced by Donald Trump during his first term as president encouraged Chinese firms to move production in order to change their …

China, Vietnam and Hong Kong may spring surprises in 2025
3 months ago

China, Vietnam and Hong Kong may spring surprises in 2025

Live Mint  

From China’s stock rout to the unwind of the yen-funded carry trade, whose participants, according to some, “eat like a bird and poop like a cow," 2024 was full of surprises. While it’s well within New World’s right not to exercise the call, a decision not to repay creditors will send shockwaves across Hong Kong’s financial circles. But it will …

Trade War Widened US Trade Deficit, Increased Chinese Global Exports
3 months, 1 week ago

Trade War Widened US Trade Deficit, Increased Chinese Global Exports

Deccan Chronicle  

The US-China trade war initiated by President Donald Trump under his previous government failed to achieve its goals as the trade deficit of the US further widened while China’s global exports increased between 2017 and 2023. The US-China trade war, which began in March 2018 by imposing 25 per cent tariffs on steel and 10 per cent on aluminium, escalated …

Domestic firms, shoppers join Black Friday buying frenzy
3 months, 2 weeks ago

Domestic firms, shoppers join Black Friday buying frenzy

China Daily  

People shop during Black Friday in Rome, in November. Online shopping on Nov 29, the first day of this year's Black Friday shopping spree, reached a record $10.8 billion in sales, US media reported, citing data from Adobe Analytics, which tracks US e-commerce trends. Chinese cross-border e-commerce retailers like Shein, PDD's Temu, and TikTok Shop saw strong growth in sales …

Foreign trade growth on steady track
3 months, 2 weeks ago

Foreign trade growth on steady track

China Daily  

A container ship leaves Qingdao Port, Shandong province. As global demand gains momentum, China's foreign trade is expected to maintain steady growth in the coming months, surpassing the usual seasonal fluctuations observed in previous years, trade experts and exporters said on Tuesday. China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan in the January-November period, while exports …

China’s flood of cheap goods is angering its allies, too
3 months, 3 weeks ago

China’s flood of cheap goods is angering its allies, too

Live Mint  

A deluge of cheap Chinese goods washing over the developing world is jacking up tensions between China and the Global South, complicating Beijing’s plans to build alliances as it confronts escalating trade tensions with the U.S. With President-elect Donald Trump saying he plans to significantly increase tariffs on China, Beijing is hoping to unload more of its excess factory production …

Why Trump’s proposed tariffs may be bad news for China and Asia
4 months ago

Why Trump’s proposed tariffs may be bad news for China and Asia

CNN  

Hong Kong CNN — President-elect Donald Trump took to social media on Monday to promise massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his second term. But Trump’s planned tariffs on Chinese goods could also benefit some countries in Southeast Asia as factories may relocate from China to other places …

Trump's sharp tariff hikes could speed up China's shift to new markets, offshore factories
4 months ago

Trump's sharp tariff hikes could speed up China's shift to new markets, offshore factories

New Indian Express  

CHINA: Visitors who bought fridge magnets at Times Square or other tourist hotspots around New York in recent years most likely were purchasing the work of Du Jing or one of her fellow exporters in a small Chinese city that supplies the U.S. and the world with tons of small commodities. Du and her husband run Yiwu Xianchuang Handicraft Manufacturing …

Foreign trade poised for steady growth amid headwinds
Trending News
4 months, 2 weeks ago

Foreign trade poised for steady growth amid headwinds

China Daily  

China's foreign trade will sustain steady growth for the remainder of 2024 and exporters should prepare for potential challenges, including higher tariffs, by enhancing product competitiveness and expanding sales in emerging markets, government officials and market observers said on Thursday. China's foreign trade increased 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period, while its exports rose 6.7 …

Foreign trade poised for steady growth amid headwinds
Top News
4 months, 2 weeks ago

Foreign trade poised for steady growth amid headwinds

China Daily  

China's foreign trade in goods 2024. CHINA DAILY China's foreign trade will sustain steady growth for the remainder of 2024 and exporters should prepare for potential challenges, including higher tariffs, by enhancing product competitiveness and expanding sales in emerging markets, government officials and market observers said on Thursday. China's foreign trade increased 5.2 percent year-on-year to 36.02 trillion yuan in …

Foreign trade poised for steady growth amid headwinds
4 months, 2 weeks ago

Foreign trade poised for steady growth amid headwinds

China Daily  

China's foreign trade in goods 2024. CHINA DAILY China's foreign trade will sustain steady growth for the remainder of 2024 and exporters should prepare for potential challenges, including higher tariffs, by enhancing product competitiveness and expanding sales in emerging markets, government officials and market observers said on Thursday. China's foreign trade increased 5.2 percent year-on-year to 36.02 trillion yuan in …

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat
Trending News
4 months, 2 weeks ago

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat

Firstpost  

Exports far surpassed analyst’s estimates of about 5.5 per cent growth and outpaced September’s growth of just 2.4 per cent. China’s exports rose 12.7 per cent in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. It showed imports fell 2.3 per cent in October from a year earlier, …

Chinese Toymaker Seeks Global Expansion in Emerging Markets
Top News
5 months ago

Chinese Toymaker Seeks Global Expansion in Emerging Markets

China Daily  

Emerging markets are driving China's export orders, with the country's foreign trade value with over 160 countries and regions continuing to grow. This growth is driven by several factors, including the diversification of China's export markets, increasing business and consumer demand in emerging regions, and changing global trade dynamics.

Chinese Toymaker Seeks to Boost Exports to Emerging Markets
5 months ago

Chinese Toymaker Seeks to Boost Exports to Emerging Markets

China Daily  

Emerging markets are driving China's export orders, with the country's foreign trade value with over 160 countries and regions continuing to grow. This growth is driven by several factors, including the diversification of China's export markets, increasing business and consumer demand in emerging regions, and changing global trade dynamics.

Emerging Markets Driving Export Orders: Boosting Trade with Southeast Asia, Middle East, and South America
5 months ago

Emerging Markets Driving Export Orders: Boosting Trade with Southeast Asia, Middle East, and South America

China Daily  

Emerging markets are playing a significant role in boosting Chinese export orders, with a 37 percent increase in orders to these regions this year. This growth is driven by factors such as the diversification of China's export markets, increasing business and consumer demand in emerging regions, and changing global trade dynamics.

Chinese Toymaker Seeks to Expand into Emerging Markets as Exports Soar
5 months ago

Chinese Toymaker Seeks to Expand into Emerging Markets as Exports Soar

China Daily  

Emerging markets are driving China's export orders, with the country's foreign trade value with over 160 countries and regions continuing to grow. This growth is driven by several factors, including the diversification of China's export markets, increasing business and consumer demand in emerging regions, and changing global trade dynamics.

Emerging markets boosting export orders
5 months ago

Emerging markets boosting export orders

China Daily  

Emerging markets boosting export orders By ZHONG NAN China Daily Updated: Oct 22, 2024 View of Chinese-made vehicles to be exported at Yantai Port in Shandong province on Oct 14. "After mid-October, we will focus on non-Christmas-themed toys and expanding into emerging markets," said Wang, adding the company's total export orders for the Christmas season have reached 6.95 million yuan …

Africa poised to leverage China's vast consumer market potential
5 months ago

Africa poised to leverage China's vast consumer market potential

China Daily  

By WANG KEJU | China Daily| Updated :2024-10-21 In a major effort aimed at deepening economic ties with Africa, China announced recently that it will grant duty-free access to 100 percent of products originating from 33 African countries. In 2009, the nation said it would provide 95 percent tariff-free access for products from the least developed African countries that have …

Trade body: US distorts global solar market, hampers climate change battle
6 months ago

Trade body: US distorts global solar market, hampers climate change battle

China Daily  

The China Photovoltaic Industry Association recently highlighted serious concerns and strong opposition over the US distorting the global solar market by providing excessive subsidies to US companies and imposing high tariffs on imported solar products, hampering international cooperation to battle the looming issue of climate change. "The Inflation Reduction Act, introduced in 2022, offers subsidies of an unprecedented $369 billion …

Trade body: US distorts global solar market, hampers climate change battle
6 months ago

Trade body: US distorts global solar market, hampers climate change battle

China Daily  

By Liu Yukun | chinadaily.com.cn | Updated: 2024-09-22 21:03 The China Photovoltaic Industry Association recently highlighted serious concerns and strong opposition over the US distorting the global solar market by providing excessive subsidies to US companies and imposing high tariffs on imported solar products, hampering international cooperation to battle the looming issue of climate change. "The Inflation Reduction Act, introduced …

Trade body: US distorts global solar market, hampers climate change battle
6 months ago

Trade body: US distorts global solar market, hampers climate change battle

China Daily  

The China Photovoltaic Industry Association recently highlighted serious concerns and strong opposition over the US distorting the global solar market by providing excessive subsidies to US companies and imposing high tariffs on imported solar products, hampering international cooperation to battle the looming issue of climate change. "The Inflation Reduction Act, introduced in 2022, offers subsidies of an unprecedented $369 billion …

Country's foreign trade shows strong resilience
6 months, 2 weeks ago

Country's foreign trade shows strong resilience

China Daily  

Container vessels unload cargo at a terminal in Qingdao, Shandong province, in August. China's foreign trade has continued to demonstrate strong resilience, and the nation's enhanced export channels with emerging economies, coupled with ongoing support from its opening-up policies, will drive its economic growth throughout the year despite external challenges, government officials and experts said. According to the General Administration …

China’s exports grow 7% in July, under forecasts, while imports gain momentum
7 months, 2 weeks ago

China’s exports grow 7% in July, under forecasts, while imports gain momentum

Associated Press  

BANGKOK — China’s exports rose 7% in July from a year earlier, below economists’ forecasts for growth closer to 10% as trade tensions and weakening growth in the United States and other major markets weighed on demand. Imports climbed 7.2% to $215.9 billion, picking up momentum on stronger trade with other Asian countries that now supply many industrial components, materials …

Foreign trade to stay resilient in second half
7 months, 3 weeks ago

Foreign trade to stay resilient in second half

China Daily  

China Daily| Updated :2024-08-05 MSC Irina, the world's largest container vessel, docks at Ningbo Zhoushan Port in Zhejiang province on April 2. JIANG XIAODONG/FOR CHINA DAILY China's foreign trade, underpinned by an improved overseas appetite, an optimized trading structure increasingly driven by high-tech and green products, and more diversified export destinations, will continue to show resilience in the second half …

Foreign trade to stay resilient in second half
7 months, 3 weeks ago

Foreign trade to stay resilient in second half

China Daily  

MSC Irina, the world's largest container vessel, docks at Ningbo Zhoushan Port in Zhejiang province on April 2. JIANG XIAODONG/FOR CHINA DAILY China's foreign trade, underpinned by an improved overseas appetite, an optimized trading structure increasingly driven by high-tech and green products, and more diversified export destinations, will continue to show resilience in the second half of the year, officials …

Policies to expand foreign trade will give competitiveness a boost
7 months, 3 weeks ago

Policies to expand foreign trade will give competitiveness a boost

China Daily  

Automated cranes deliver containers at Qinzhou Port in Qinzhou, South China's Guangxi Zhuang autonomous region, in February. As external demand and supportive policies improve, China's trade in goods reached a new high in the first half of 2024, with overall foreign trade exceeding 21 trillion yuan, and export growth in June of 10.7 percent year-on-year, exceeding all expectations. China's exports …

Nation to implement steps for foreign trade growth
7 months, 3 weeks ago

Nation to implement steps for foreign trade growth

China Daily  

Amid rising protectionism and geopolitical risks, China will implement a series of measures in the second half of the year to sustain and enhance its positive foreign trade trajectory, customs officials said on Tuesday. Despite facing challenges such as unilateralism and the disruption of global supply chains, Lyu said that supported by the advantages of a vast domestic market and …

Robust foreign trade to further drive economic growth, experts say
8 months, 1 week ago

Robust foreign trade to further drive economic growth, experts say

China Daily  

Vehicles await loading to be transported at a terminal of Yantai Port in Shandong province on June 24. ZHU ZHENG/XINHUA China's supportive policies and ongoing quality upgrades in foreign trade are set to bolster economic growth throughout the year despite lingering external challenges, market watchers and business leaders said on Thursday. According to a communique released on Thursday after the …

Structure more important than growth rate of trade
8 months, 1 week ago

Structure more important than growth rate of trade

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. The national foreign trade data for the first half of the year, released on Friday, show the total value of China's import and export of goods was 21.17 trillion yuan, an increase of 6.1 percent year-on-year, continuing and consolidating the previous upward trend. In terms of growth rate, the …

Foreign trade hits new high in first half
8 months, 2 weeks ago

Foreign trade hits new high in first half

China Daily  

MSC Irina, the world's largest container vessel, docks at Ningbo Zhoushan Port in Zhejiang province on April 2. JIANG XIAODONG/FOR CHINA DAILY China's total goods exports and imports reached a new high in the first half of the year despite challenges such as escalating trade protectionism and intensifying geopolitical tensions, signaling an encouraging improvement in demand both at home and …

Foreign trade hits new high in first half
8 months, 2 weeks ago

Foreign trade hits new high in first half

China Daily  

MSC Irina, the world's largest container vessel, docks at Ningbo Zhoushan Port in Zhejiang province on April 2. JIANG XIAODONG/FOR CHINA DAILY China's total goods exports and imports reached a new high in the first half of the year despite challenges such as escalating trade protectionism and intensifying geopolitical tensions, signaling an encouraging improvement in demand both at home and …

China's premier slams trade tensions as EV exports are hit by tariffs
9 months ago

China's premier slams trade tensions as EV exports are hit by tariffs

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Open markets and green technologies …

China’s premier slams trade tensions as EV exports are hit by tariffs
9 months ago

China’s premier slams trade tensions as EV exports are hit by tariffs

Associated Press  

TAIPEI, Taiwan — Open markets and green technologies are vital for stabilizing global growth, China’s premier said Tuesday, while criticizing trade tensions as he opened a conference in northeastern China. Premier Li Qiang told political and business leaders attending the World Economic Forum Annual Meeting of the New Champions, also known as the “Summer Davos,” that China is on track …

Via intermediates
9 months ago

Via intermediates

China Daily  

JIN DING/CHINA DAILY Despite Washington's push for decoupling, the US and China continue to maintain close trade relations through third parties Deglobalization, trade frictions and geopolitical conflicts have led to a reshuffle of the global industry and value chains. The US is pursuing "decoupling "from China under the guise of "de-risking", but the changes mentioned above do not represent the …

Via intermediates
9 months ago

Via intermediates

China Daily  

JIN DING/CHINA DAILY Despite Washington's push for decoupling, the US and China continue to maintain close trade relations through third parties Deglobalization, trade frictions and geopolitical conflicts have led to a reshuffle of the global industry and value chains. The US is pursuing "decoupling "from China under the guise of "de-risking", but the changes mentioned above do not represent the …

'Overcapacity' narrative against China aimed at fulfilling 'US-only' dream
10 months ago

'Overcapacity' narrative against China aimed at fulfilling 'US-only' dream

China Daily  

This photo taken on April 24, 2024 shows a new energy vehicle assembly line of BYD, China's leading NEV manufacturer, at the plant of BYD in Zhengzhou, Central China's Henan province. Shortly after US Treasury Secretary Janet Yellen's overcapacity narrative about China in April, the administration of US President Joe Biden announced plans to raise tariffs on Chinese electric vehicles …

Experts slam 'overcapacity' talk
10 months ago

Experts slam 'overcapacity' talk

China Daily  

Employees work at an auto production facility in Jinhua, Zhejiang province, in April. BEIJING — China's booming new energy vehicle sector recently drew scrutiny for purported "Chinese overcapacity" from certain Western nations. As a proactive response to the global green and low-carbon transition, China's thriving sectors like NEVs, wind power and photovoltaics have gained more prominence, Huo said. Huo noted …

Biden continues Trump’s trade war; US imposes major tariffs on China imports
10 months, 1 week ago

Biden continues Trump’s trade war; US imposes major tariffs on China imports

Hindustan Times  

Washington: With the stated objective of protecting American workers and businesses from “unfair Chinese trade practices”, the US increased tariffs on the import of steel and aluminium, semiconductors, electric vehicles, battery, battery components and critical minerals, solar cells, ship to shore cranes and medical products from China on Tuesday. A factsheet released by the White House on Tuesday said that …

China's trade-in program stimulates consumer market vitality
10 months, 2 weeks ago

China's trade-in program stimulates consumer market vitality

China Daily  

A BYD Ocean-M electric car is displayed at the 2024 Auto China in Beijing on April 25, 2024. BEIJING - China's new round of consumer goods trade-ins has achieved positive initial results over the past few months, raising market confidence that successful revival of consumption will offer stronger impetus to the economy. China's State Council released an action plan in …

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