China EximBank steps up efforts to support foreign trade
2 years, 6 months ago

China EximBank steps up efforts to support foreign trade

China Daily  

Pedestrians walk past an BEIJING -- The Export-Import Bank of China, a State-owned policy bank, has increased financial support to stabilize and upgrade foreign trade, a key underpinning for the economy. The lender has taken measures this year such as increasing credit support, providing differential pricing and scrapping transaction fees, as part of efforts to lower financing costs for foreign trade enterprises. China's foreign trade took a hit from the COVID-19 resurgences and external complexity, as the latest data showed April's growth slowed. To help the sector tide over difficulties, China's cabinet released a guideline earlier last week, requiring enhanced services for key foreign trade enterprises and unimpeded logistics for cargo.

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History of this topic

Tailwinds favoring foreign trade enterprises
Trending News
1 week, 1 day ago

Tailwinds favoring foreign trade enterprises

China Daily  

Automated vehicles deliver cargo at Qingdao Port's fully automated terminal in Shandong province on Dec 3. ZHANG JINGANG/FOR CHINA DAILY China will ramp up financial support, cultivate new growth engines, and strengthen services for foreign trade enterprises in order to unlock momentum and foster resilience in the country's foreign trade sector — a critical pillar underpinning overall economic growth, officials …

Tailwinds favoring foreign trade enterprises
1 week, 1 day ago

Tailwinds favoring foreign trade enterprises

China Daily  

A China-Europe Railway Express departs from Chongqing to Duisburg, Germany, on Nov 15. Foreign trade companies have said that the coverage of export credit insurance needs to be further expanded, smaller firms are facing certain financing difficulties, and they are also encountering bottlenecks in sea freight transportation, Wang added. Foreign trade has been a bright spot in the Chinese economy …

China's foreign trade up 4.9% in first 11 months
2 weeks ago

China's foreign trade up 4.9% in first 11 months

China Daily  

China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan in the January-November period of 2024, statistics from the General Administration of Customs showed on Tuesday. The country's exports rose 6.7 percent yearly to 23.04 trillion yuan, while its imports climbed 2.4 percent year-on-year to 16.75 trillion yuan during this period, customs data showed. The import and export …

China's foreign trade up 4.9% in first 11 months
2 weeks ago

China's foreign trade up 4.9% in first 11 months

China Daily  

By Zhong Nan | chinadaily.com.cn | Updated: 2024-12-10 11:12 China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan in the January-November period of 2024, statistics from the General Administration of Customs showed on Tuesday. The country's exports rose 6.7 percent yearly to 23.04 trillion yuan, while its imports climbed 2.4 percent year-on-year to 16.75 trillion yuan during …

Nation steps up efforts to bolster import and export growth
Trending News
2 weeks, 4 days ago

Nation steps up efforts to bolster import and export growth

China Daily  

A view of a container terminal in Haikou, Hainan province, in October. In the first 10 months, China's total foreign trade value amounted to 36 trillion yuan, representing a 5.2 percent year-on-year increase, and its export share in the global market also remained largely stable. At a news conference last Friday, Vice-Minister of Commerce Wang Shouwen said China's foreign trade …

Nation steps up efforts to bolster import and export growth
Trending News
2 weeks, 4 days ago

Nation steps up efforts to bolster import and export growth

China Daily  

A view of a container terminal in Haikou, Hainan province, in October. In the first 10 months, China's total foreign trade value amounted to 36 trillion yuan, representing a 5.2 percent year-on-year increase, and its export share in the global market also remained largely stable. At a news conference last Friday, Vice-Minister of Commerce Wang Shouwen said China's foreign trade …

Tariff hikes will backfire, and China can manage such 'external shocks,' a senior official says
1 month ago

Tariff hikes will backfire, and China can manage such 'external shocks,' a senior official says

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 Higher tariffs on Chinese exports …

China strengthens policy support for foreign trade development
1 month ago

China strengthens policy support for foreign trade development

China Daily  

China strengthens policy support for foreign trade development Xinhua Updated: Nov 22, 2024 Ships get ready for their voyages in the foreign trade container terminal of Qingdao port in Shandong province. The country will also drive innovative development in green trade and border trade, attract and facilitate cross-border business travel, enhance maritime transport support for foreign trade, and strengthen employment …

China Eximbank backs BRI cooperation
1 month, 1 week ago

China Eximbank backs BRI cooperation

China Daily  

Pedestrians walk past an Belt and Road cooperation has progressed from "sketching the outline" to "filling in the details", delivering tangible and fruitful outcomes in the 11 years since the launch of the Belt and Road Initiative. To promote high-quality Belt and Road cooperation, the Export-Import Bank of China, as a financial institution dedicated to supporting China's foreign trade and …

Cross-border e-commerce growing in China
1 month, 1 week ago

Cross-border e-commerce growing in China

China Daily  

Having worked as a tech reporter for about a decade, I have witnessed firsthand the rapid growth of China's cross-border e-commerce platforms and how the country's consumers have shown increasing demand for premium imported and foreign-branded products in recent years. According to a report from Chinese e-commerce platform JD's Consumption and Industry Development Research Institute, imported brands, including mobile phones, …

Foreign trade poised for steady growth amid headwinds
Trending News
1 month, 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
1 month, 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
1 month, 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
1 month, 2 weeks ago

Foreign trade poised for steady growth amid headwinds

China Daily  

By Zhong Nan and Ouyang Shijia in Shanghai | China Daily | Updated: 2024-11-08 07:09 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 …

China's foreign trade up 5.2% in Jan-Oct period
1 month, 2 weeks ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
Top News
1 month, 2 weeks ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
Top News
1 month, 2 weeks ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
Top News
1 month, 2 weeks ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
1 month, 2 weeks ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade up 5.2% in Jan-Oct period By Zhong Nan in Shanghai chinadaily.com.cn Updated: Nov 07, 2024 China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year …

China's Foreign Trade Soars to Record High in First Three Quarters
2 months, 1 week ago

China's Foreign Trade Soars to Record High in First Three Quarters

China Daily  

China's foreign trade grew significantly in the first three quarters of 2024, with both exports and imports increasing. The country's exports surged 6.2 percent year-on-year to 18.62 trillion yuan, while imports rose 4.1 percent year-on-year to 13.71 trillion yuan. The country's foreign trade hit a record high in the first three quarters with each quarter exceeding 10 trillion yuan.

China's Foreign Trade Soars to Record High in First Three Quarters
2 months, 1 week ago

China's Foreign Trade Soars to Record High in First Three Quarters

China Daily  

China's foreign trade grew significantly in the first three quarters of 2024, with both exports and imports increasing. The country's exports reached 18.62 trillion yuan, up 6.2 percent year-on-year, while imports rose to 13.71 trillion yuan, up 4.1 percent. This growth is attributed to China's optimization of its exported products, with exports of high-tech equipment increasing by 40 percent year-on-year …

China's Foreign Trade Soars to Record High in First Three Quarters
2 months, 1 week ago

China's Foreign Trade Soars to Record High in First Three Quarters

China Daily  

China's foreign trade grew significantly in the first three quarters of 2024, with both exports and imports increasing. The country's exports surged 6.2 percent year-on-year to 18.62 trillion yuan, while imports rose 4.1 percent year-on-year to 13.71 trillion yuan. The country's foreign trade hit a record high in the first three quarters with each quarter exceeding 10 trillion yuan.

Trade, opening-up surging over years
2 months, 3 weeks ago

Trade, opening-up surging over years

China Daily  

In the early stages, foreign companies sent their managers, sales experts and engineers, along with product samples, to cities like Shanghai, Beijing and Guangzhou, Guangdong province to establish representative offices and test the viability of the Chinese market — particularly during the 1980s. With products manufactured in China being supplied to both domestic and international markets, foreign enterprises like France's …

Trade, opening-up surging over years
2 months, 3 weeks ago

Trade, opening-up surging over years

China Daily  

In the early stages, foreign companies sent their managers, sales experts and engineers, along with product samples, to cities like Shanghai, Beijing and Guangzhou, Guangdong province to establish representative offices and test the viability of the Chinese market — particularly during the 1980s. With products manufactured in China being supplied to both domestic and international markets, foreign enterprises like France's …

Country's foreign trade shows strong resilience
3 months, 1 week 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 integrating into global supply chains
4 months ago

China's exports integrating into global supply chains

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. From January to May 2024, China's exports to the US stood at 1.39 trillion yuan, a 3.6 percent increase year-on-year. ASEAN is now the largest trading partner of China, with China's exports reaching 3.71 trillion yuan in 2023, maintaining the high level seen in the previous …

China's exports integrating into global supply chains
4 months ago

China's exports integrating into global supply chains

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. From January to May 2024, China's exports to the US stood at 1.39 trillion yuan, a 3.6 percent increase year-on-year. ASEAN is now the largest trading partner of China, with China's exports reaching 3.71 trillion yuan in 2023, maintaining the high level seen in the previous …

Foreign holdings of Chinese bonds see net increase of $20b in July
4 months, 1 week ago

Foreign holdings of Chinese bonds see net increase of $20b in July

China Daily  

BEIJING - The net increase in foreign holdings of domestic bonds stood at $20 billion in July, soaring 1.4 times from the previous month, data from China's State Administration of Foreign Exchange showed Thursday. Foreign investors were still highly motivated to allocate RMB assets as cross-border capital flow improved in July, it said. China's foreign trade also continued to grow …

China EximBank increases loans to foreign trade industry in H1
4 months, 2 weeks ago

China EximBank increases loans to foreign trade industry in H1

China Daily  

This aerial drone photo taken on May 9, 2024 shows a freight ship docking at the container terminal of Lianyungang Port, East China's Jiangsu province. BEIJING -- The Export-Import Bank of China beefed up credit support for the development of the country's foreign trade industry in the first half of 2024, with loans offered to the sector up 13.27 percent …

Policies to expand foreign trade will give competitiveness a boost
4 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's opening to further intensify
5 months ago

Nation's opening to further intensify

China Daily  

A foreign tourist takes pictures of a child wearing traditional Chinese apparel in Changsha, Hunan province, on May 14. "We will turn China's vast market into a major opportunity for the world," he said, adding that Beijing will continue to make life more convenient for foreign travelers in terms of accommodation, medical services and payments. Mu Hong, deputy director of …

'We are constantly looking for more opportunities in China,' Deutsche Bank China COO says
6 months ago

'We are constantly looking for more opportunities in China,' Deutsche Bank China COO says

China Daily  

The skyline of Beijing. SHANGHAI -- Deutsche Bank has recently made substantial investments in enhancing its operational capacity in North China's Tianjin municipality, Ole Gerdau, chief operating officer at Deutsche Bank China, told Xinhua in an interview on Monday. Gerdau underscored the pivotal role of China's economic liberalization and the RMB's global ascendancy as cornerstones of Deutsche Bank's strategic vision …

China's financing activities remain steady
6 months, 1 week ago

China's financing activities remain steady

China Daily  

This undated file photo shows an exterior view of the People's Bank of China in Beijing, capital of China. China's financing activity remained lukewarm as the increment in aggregate social financing — the total amount of financing to the real economy — stood at 14.8 trillion yuan in the first five months of 2024, down by 2.52 trillion yuan compared …

Wake Up, Dhaka! China’s ‘Help’ Comes at a Steep Price
6 months, 3 weeks ago

Wake Up, Dhaka! China’s ‘Help’ Comes at a Steep Price

News 18  

China’s investment and lending in South Asian and African countries has dramatically increased following the “Going Global” strategy of 1999, reaching new heights with the ambitious Belt and Road Initiative launched in 2013. Chinese government’s interest in Bangladesh gained prominence around 2009 and intensified after Xi Jinping’s landmark visit to Dhaka in 2016—the year Bangladesh joined the BRI and cemented …

China's current account surplus shows slight narrowing
7 months, 2 weeks ago

China's current account surplus shows slight narrowing

China Daily  

A bank staff counts RMB and US dollar notes in a bank in Nantong, Jiangsu province on Aug 6, 2019. China's first-quarter international payments remained largely balanced as the country's current account surplus narrowed but stayed within a reasonable range, the State Administration of Foreign Exchange, or SAFE, said on Friday. Preliminary balance of payments data showed that the country's …

Yiwu's foreign trade surges in first 2 months
9 months ago

Yiwu's foreign trade surges in first 2 months

China Daily  

chinadaily.com.cn| Updated :2024-03-18 Foreign merchants buy goods at the Yiwu International Trade Market. According to Yiwu Customs, the city's total import and export value soared to 116.6 billion yuan during the first two months, marking a substantial 47.3-percent increase compared to the same period last year. The city's exports accounted for 102.77 billion yuan, rising by 41 percent, while imports …

Yiwu exports surpass 500b yuan in 2023
10 months, 4 weeks ago

Yiwu exports surpass 500b yuan in 2023

China Daily  

ezhejiang.gov.cn| Updated :2024-01-25 The total imports and exports of Yiwu in Zhejiang province reached 566.05 billion yuan in 2023, marking an 18.2 percent year-on-year increase, as reported by Yiwu Customs. Yiwu's trade with countries participating in the Belt and Road Initiative totaled 349.71 billion yuan, representing a 19.5 percent increase. Notably, trade with India and Saudi Arabia also experienced significant …

China's financing activity expands steadily
11 months, 1 week ago

China's financing activity expands steadily

China Daily  

China's financing activity expanded steadily in 2023 as official data showed the country's outstanding aggregate social financing — the total amount of financing to the real economy — came in at 378.09 trillion yuan as of the end of 2023, up 9.5 percent year-on-year. The increment in aggregate social financing reached 35.59 trillion yuan last year, up by 3.41 trillion …

Foreign trade makes 'notable progress in stabilizing'
1 year ago

Foreign trade makes 'notable progress in stabilizing'

China Daily  

Updated: 2023-12-14 By Zhong Nan chinadaily.com.cn A vessel departed from a container terminal at Nansha Port in Guangzhou, Guangdong province, and headed for Brazil on Sept 4. China has made notable progress in stabilizing and enhancing the structure of its foreign trade, paving the way for potential positive growth throughout the entire year, said a senior government official on Wednesday. …

China's customs unveils new measures to boost processing trade
1 year, 1 month ago

China's customs unveils new measures to boost processing trade

China Daily  

The General Administration of Customs has introduced 16 reform measures to foster the high-quality development of processing trade by tackling the challenges and issues that hinder its growth, said an official on Tuesday. These measures, such as expanding the application scope for companies' processing trade supervision methods and implementing new bonded policies, aim to stabilize market expectations, the foundation of …

China's customs unveils new measures to boost processing trade
1 year, 1 month ago

China's customs unveils new measures to boost processing trade

China Daily  

This aerial photo taken on Sept 12, 2023 shows a view of the container terminal of Haikou Port in Haikou, South China's Hainan province. These measures, such as expanding the application scope for companies' processing trade supervision methods and implementing new bonded policies, aim to stabilize market expectations, the foundation of foreign investment and trade, and the supply chains. They …

China's customs unveils new measures to boost processing trade
1 year, 1 month ago

China's customs unveils new measures to boost processing trade

China Daily  

The General Administration of Customs has introduced 16 reform measures to foster the high-quality development of processing trade by tackling the challenges and issues that hinder its growth, said an official on Tuesday. These measures, such as expanding the application scope for companies' processing trade supervision methods and implementing new bonded policies, aim to stabilize market expectations, the foundation of …

China's customs unveils new measures to boost processing trade
1 year, 1 month ago

China's customs unveils new measures to boost processing trade

China Daily  

The General Administration of Customs has introduced 16 reform measures to foster the high-quality development of processing trade by tackling the challenges and issues that hinder its growth, said an official on Tuesday. These measures, such as expanding the application scope for companies' processing trade supervision methods and implementing new bonded policies, aim to stabilize market expectations, the foundation of …

China's vibrant drive for greater trade liberalization invigorates global services trade
1 year, 3 months ago

China's vibrant drive for greater trade liberalization invigorates global services trade

China Daily  

Visitors learn about a new vehicle of Tesla during the 2023 China International Fair for Trade in Services at China National Convention Center in Beijing, capital of China, Sept 3, 2023. BEIJING -- China has long been wedded to bolstering services trade across the world, viewing it as a key component in the country's growth strategy and international cooperation. In …

China's vibrant drive for greater trade liberalization invigorates global services trade
1 year, 3 months ago

China's vibrant drive for greater trade liberalization invigorates global services trade

China Daily  

Visitors learn about a new vehicle of Tesla during the 2023 China International Fair for Trade in Services at China National Convention Center in Beijing, capital of China, Sept 3, 2023. BEIJING -- China has long been wedded to bolstering services trade across the world, viewing it as a key component in the country's growth strategy and international cooperation. In …

China EximBank lends 730b yuan to support foreign trade in January-May
1 year, 6 months ago

China EximBank lends 730b yuan to support foreign trade in January-May

China Daily  

Pedestrians walk past an BEIJING - The Export-Import Bank of China has issued over 730 billion yuan of loans to support the country's foreign trade during the first five months of this year. At the end of May, the bank's outstanding loans to foreign trade firms came in at nearly 3 trillion yuan, up 16.36 percent year-on-year and 130 billion …

Trade figures give fresh push to recovery
1 year, 7 months ago

Trade figures give fresh push to recovery

China Daily  

Containers are transferred at the China-Kazakhstan International Logistics Base in Lianyungang, Jiangsu province, on Nov 25, 2022. Experts: Govt should support private firms in facing multiple headwinds The fact that China's major foreign-trade powerhouses posted robust import and export numbers in the first four months has consolidated the recovery momentum and bodes well for a stable trade scenario this year, …

Trade figures give fresh push to recovery
1 year, 7 months ago

Trade figures give fresh push to recovery

China Daily  

Containers are transferred at the China-Kazakhstan International Logistics Base in Lianyungang, Jiangsu province, on Nov 25, 2022. Experts: Govt should support private firms in facing multiple headwinds The fact that China's major foreign-trade powerhouses posted robust import and export numbers in the first four months has consolidated the recovery momentum and bodes well for a stable trade scenario this year, …

Foreign trade to see steady growth
1 year, 7 months ago

Foreign trade to see steady growth

China Daily  

China's foreign trade growth will play a key role in underpinning the global supply chain. Growth: Measures set to improve foreign trade quality China's foreign trade will maintain steady growth in 2023, thanks to the improved trade structure and the country's proactive measures to tackle challenges such as geopolitical tensions and fluctuations in external demand, experts said. The nation's foreign …

China introduces policies to stabilize foreign trade
1 year, 7 months ago

China introduces policies to stabilize foreign trade

China Daily  

An aerial view of Beibu Gulf Port in Qinzhou, Guangxi Zhuang autonomous region. China has introduced a series of policies to stabilize the scale of its foreign trade and improve its structure amid uncertain external demand, trade risks and other challenges, said the Ministry of Commerce on Sunday. To keep the foreign trade scale stable, the country will make efforts …

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