As of Sunday, the China-Laos Railway has handled over 2.25 million passenger trips and transported 1.31 million tons of cargo since its launch in December, official data showed. Trains on the railway have provided a safe, comfortable and convenient means of inter-city transport for residents along the route, while passenger trips have seen strong…
The British government faces paying a hefty charge to the EU after the European court of justice ruled it had been negligent in allowing criminal gangs to flood European markets with cheap Chinese-made clothes and shoes. Publishing its final ruling on Tuesday, the court concluded that the UK as a member state had “failed to…
Summary Oct exports +27.1% yr/yr vs +24.5% forecast, +28.1% in Sept Oct imports +20.6% yr/yr vs +25.0% forecast, +17.6% in Sept Oct trade surplus at $84.54 bln, vs $65.55 bln forecast China’s export growth slowed in October but beat forecasts, helped by booming global demand ahead of winter holiday seasons, an easing power crunch and…
BEIJING :China’s customs authorities said on Tuesday they will accept import applications for Brazilian beef that has been granted a sanitary certificate prior to Sept. 4, potentially allowing for cargoes of beef stuck at Chinese ports to finally clear customs. Brazil had suspended exports of beef to China on Sept. 4 after detecting two cases…
July 30, 2020 Another Chinese province reported that it is about to launch a blockchain-powered cross-border financial service platform. Per Haiwainet, Guizhou Province, in China’s mountainous southwest, will launch the initiative this month. The province’s foreign exchange administrator is the platform’s mastermind. The administrator stated that it has been working on the project with the…
20 July 2020 New requirements that food imports be tested for COVID-19 is pushing major Chinese ports to their limit. Reuters reports that major shippers have warned customers of additional fees and possible diversions to other ports as the measures persist. China stepped up inspections of imported food last month after an outbreak of the coronavirus…
China has warned of stringent action against manufacturers who export defective and counterfeit medical products, including confiscation of the illegal income and punishment, to ensure the overall quality of its foreign trade, the General Administration of Customs said on Monday. The GAC will impose fines of more than 50 percent but less than three times…
NANNING, March 18 (Xinhua) — Hundreds of flat-bed and container trucks queued along a border bridge in Dongxing, a city in south China’s Guangxi Zhuang Autonomous Region, waiting for customs clearance, a scene that signifies the recovery of trade on the China-Vietnam border from the COVID-19 epidemic. Pham Van Tan, a 31-year-old Vietnamese, was driving…
By Tariq Alfaham/Mohd Aamir Nov 12 2019 / Emirates News Agency DUBAI, 12th November, 2019 (WAM) — Ahmed Mahboob Musabih, Director-General of Dubai Customs, discussed means of boosting cooperation between Dubai and China with representatives of more than 20 Chinese companies headed by the Chinese Consul-General to Dubai, Li Xuhang. The visitors were briefed on…
The Korean Times July 5, 2019 By Lee Kyung-min Japan’s export control of key materials needed to produce semiconductors and displays will deal a significant blow to Asia’s fourth-largest economy, economists said Friday. “Given that semiconductors account for about 6 percent of the country’s GDP, a 10 percent drop in the export volume could lead…
