EU suspends WTO trade case against China over Lithuania dispute
January 30, 2024
According to a report by EFE on January 26, the European Union has decided to suspend its lawsuit against China at the World Trade Organization (WTO), a dispute involving Chinas trade restrictions on Lithuania. This decision was made after Taiwan opened a so-called representative office in Lithuania in 2021. According to the latest news from the South China Morning Post in Hong Kong, the EU has informed the WTO...
Shanghai's import unit price of semiconductor equipment will increase in 2023
26 January 2024
In 2023, the city of Shanghai showed a significant high-value trend in the import of machine equipment for the manufacture of semiconductor devices or integrated circuits. According to data released by the Shanghai Customs, a total of 1851 related equipment was imported throughout the year, with a total value of $43,2 billion, with an average single price of $233 million each, which is not only higher than the average single price at the Shanghai port, but also slightly higher than the national average.
Chinese automobiles have achieved significant growth and breakthroughs in cooperation in the South African market
24 January 2024
Recently, the data released by the South African National Automobile Manufacturers Association showed that in the first three quarters of 2023, the sales of Chinese brand cars in the South African market have exceeded 22,000 units, compared with the growth rate of many European and American automobile brands, such as Mercedes, BMW, etc. In the top 10 automobile brands in South Africa, two are from China.
France ranks first in Europe in electricity exports
23 January 2024
In the context of Germany’s shutdown of nuclear power plants and the abandonment of Russian natural gas, France is entering its new era as the “Europe’s first electricity exporter.” According to the latest study of the International Organization for Standardization, Global Commodity Insights, France’s electricity exports reached an astonishing 50.1 TWh in 2023, surpassing Sweden’s record in 2022.
World economy slowdown is expected, Chinas economy injects momentum to the global
22 January 2024
According to the World Economic Forums recent Chief Economists Outlook Report, global economic growth is projected to slightly decrease from 3% in 2023 to 2.9% in 2024. Against this backdrop, the steady recovery and continued positive momentum of the Chinese economy have attracted global attention. Expected Decline in Global Economic Growth The global economy showed a weak recovery trend in 2023, said the Chinese Academy of Policy...
Negotiations on the upgrade of the Sino-Swiss free trade agreement have been launched to promote bilateral trade and investment cooperation
19 January 2024
China and Switzerland announced the completion of the upgrading of the China-Swiss Free Trade Agreement (FTA) and agreed to support the official start of upgrading negotiations as soon as possible.This move marks the entry of trade relations between the two countries into a new stage of development, and also indicates that economic cooperation between the two sides will be further deepened. at the same time, China will give Switzerland unilateral visa-free treatment, and Switzerland will also give Chinese citizens visa-free treatment.
India invests $24 million in lithium mining in Argentina to boost energy transition
January 18, 2024
Indian state-owned mining company KABIL has announced a cooperation agreement with an Argentine state-owned company to jointly explore and mine five salt lake brine-type lithium deposits in Catamarca Province, Argentina. According to the agreement, India will invest a total of $24 million. This move aims to strengthen the critical mineral supply chain and reduce dependence on Chinese products. According to a report by The Times of India on the 15th, this...
Red Sea crisis triggers surge in shipping costs to the US
17 January 2024
After the U.S. and the UK jointly launched a series of large-scale attacks on Yemen, the situation in the Red Sea region has not cooled down but has instead escalated. Market observers predict that shipping companies may further extend their decisions to bypass the Red Sea route, leading to a sharp increase in shipping costs. According to data from the ship brokerage firm Clarksons, in the first week of January 2023, the number of container ships passing through the Red Sea and entering and exiting the Suez Canal...
RCEP promotes ASEAN's digital economy and green development
15 January 2024
Bambang Suryono, chairman of the Indonesian think tank Asia Innovation Research Center, recently stated that since the Regional Comprehensive Economic Partnership (RCEP) agreement came into effect, it has played an important role in promoting the development of the digital economy and green economy in the ASEAN region, helping these two major areas achieve vigorous development. Bambang pointed out that in the digital economy field, RCEP has brought...
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