with the country’s General Administration of Customs showing 52.3 million tons of oil imported, up 22% year-on-year. – Despite GDP growth slowing down to 5% this year, China’s oil demand has been …
Tagged By business
China’s continued tax, fee cuts bolster business confidence
A staff member of Tax Service explains preferential tax policies at a service center in Jingxing County, Shijiazhuang City of north China’s Hebei Province, Feb. 5, 2021. [Photo/Xinhua] Chinese …
Food security drives China to cut soymeal use in animal feed
China’s agriculture ministry issued a three-year action plan on Friday to reduce soymeal use in animal feed as it tries to reduce its heavy reliance on soybean imports.The new plan proposes soymeal …
China stays India’s top source of imports as shipments rise to $98.5 billion
China continued to be India’s top source of imports in the financial year ended March 31, with shipments growing 4.16 percent to $98.51 billion, although its share of inbound shipments narrowed.
China Zinc Concentrate Imports Soared in First Two Months of 2023, Three Reasons Drove the Surge
According to customs data, China imported 431,200 mt (physical content) of zinc concentrates in January and 471,100 mt (physical content) in February. YTD imports through February stood at 902,300 mt …
Near-Shoring: Can Manufacturing Move From China To Mexico?
Many business leaders wonder if they should re-shore their production to the United States, or near-shore production to somewhere close such as Mexico.
China says no weapons exports to parties in Ukraine conflict
BEIJING — China’s foreign minister on Friday said the country would not sell weapons to parties involved in the conflict in Ukraine and would regulate the export of items with dual civilian and …
China’s Car Buyers Have Fallen Out of Love With Foreign Brands
a $70,000 sport utility vehicle designed and manufactured in China by a company called Li Auto. “If you’re sitting in a Li Auto, the first feeling is of luxury,” said Mr. Cao, a business consultant.…
Conflux to Bring Uniswap v3 and Curve to China’s Public Blockchain
Conflux, the only regulatory-compliant blockchain in China, has proposed deploying Uniswap v3 on its network alongside CNH (offshore Chinese Yuan) stable currency, and joining the Curve Wars with its …
China to Review Australian Barley Tariffs for Possible Scrapping
The Chinese Ministry of Commerce has announced a review of its existing anti-dumping and anti-subsidy duties on barley imports from Australia, a major move toward reducing the ongoing trade tensions …
China smartphone brands actively promoting new models
Chinese brand vendors, including Xiaomi and Vivo, have recently begun to promote new smartphones, even though the handset industry is heading for the traditional off-season in the second quarter, …
Tianjin sees cross-border e-commerce imports, exports rise
Containers are transported by trucks at the Pacific international container terminal of Tianjin Port in north China’s Tianjin Municipality, April 11, 2023. [Photo/Xinhua] North China’s port city of Tianjin reported a total cross-border e-commerce foreign…
China Cobalt Ore Imports Skyrocketed in February after Plunging in January
SHANGHAI, Apr 14 – 28 mt in metal content (Co content at 8%) of cobalt ore was imported in January, down 88% month on month and 92% year on year. Imports of cobalt ore were…
