Archive for the ‘China’ Category

China Breaks Records with Crude Oil Imports in 2023

January 12, 2024

China’s annual imports of crude oil reached an unprecedented high in 2023, marking a significant recovery in fuel demand from the post-pandemic decline. According to data from the General Administration of Customs (GACC), China imported 563.99 million metric tonnes of oil last year, equivalent to an average of 11.28 million barrels per day, representing an […]

Maldives Seeks Closer Economic Ties with China Amidst Shifting Alliances

China, Geopolitics, News

January 9, 2024

In a bid to strengthen economic partnerships, Maldivian President Mohamed Muizzu is fostering ties with China, marking a notable shift away from traditional ally India. The “Invest Maldives” forum held in Fuzhou, a key city on China’s maritime Silk Road, showcased the President’s commitment to bolstering bilateral relations. President Muizzu, who assumed office in […]

Vietnam Sees Expanding Opportunities for Fruit and Vegetable Exports to China

Agricultural Trade, China, News, Vietnam

January 8, 2024

In a promising development for Vietnamese agriculture, the Department of Agriculture is actively working towards expanding the export of agricultural products, particularly fruits and vegetables, to the Chinese market. Several protocols have been signed between Vietnam and China, paving the way for increased official exports of various produce. At the close of 2023, Vietnam […]

Nicaragua and China Forge New Economic Ties with Commencement of Free Trade Agreement

China, International Trade, News

January 1, 2024

In a significant step towards deepening economic collaboration, Nicaragua and China officially initiated trading under a new free trade agreement on Monday. This landmark agreement grants the Central American nation the opportunity to export approximately 71% of its products to the largest Asian market without facing tariffs. State media reports reveal that the exported […]

China Aims to Boost Integrated Development of Trade

China, News, Trade Policy

December 20, 2023

China, one of the world’s largest consumer markets and the leading global goods trader, is pushing forward with efforts to promote the integrated development of both domestic and foreign trade. A recent circular released by the General Office of the State Council outlines 18 measures designed to accelerate this integrated development. Officials from various […]

Nicaragua and China Strengthen Ties, Seek Economic Support Amidst Western Sanctions

China, International Relations, News

December 20, 2023

Nicaragua and China have taken steps to enhance their bilateral relations, signaling Beijing’s commitment to providing increased economic support to Nicaragua, which is facing sanctions from Western countries. This move also underscores China’s strategic interests in the Central American region, which is considered the United States’ sphere of influence. China and Nicaragua re-established diplomatic […]

U.S. Treasury Secretary Janet Yellen Promotes Cooperation with China on Climate and Financial Markets

China, Geopolitics, News, United States

December 14, 2023

U.S. Treasury Secretary Janet Yellen has outlined her key priorities for managing U.S.-China relations in the coming year, which include plans for a second visit to China and efforts to accelerate collaboration on climate risks and financial markets. In remarks prepared for a dinner hosted by the U.S.-China Business Council, Yellen emphasized that the […]

U.S. Congressional Committee Unveils 2024 Legislative Agenda for Balancing Economic Ties with China

China, News, Trade Policy, United States

December 12, 2023

In a bipartisan effort, a U.S. congressional committee has issued an extensive set of recommendations aimed at reshaping America’s economic relationship with China. These legislative proposals for 2024 are intended to prevent the United States from becoming overly dependent on its primary geopolitical rival and to safeguard its economic interests. The comprehensive recommendations put […]

China’s President Xi Jinping Visits Vietnam to Strengthen Economic Ties

Bilateral Trade Relation, China, News, Vietnam

December 11, 2023

Chinese President Xi Jinping has embarked on a two-day visit to Vietnam, seeking to bolster economic relations between the two nations. This visit follows U.S. President Joe Biden’s recent trip to Hanoi, highlighting the competition for influence in Southeast Asia between the world’s two major powers. Xi’s visit, his first in six years, has […]

China’s November Trade Data Highlights Mixed Signals in Global Commerce

China, International Trade, News

December 6, 2023

In a recent report released by Chinese customs authorities, it was revealed that China’s exports in November experienced a modest increase of 0.5% compared to the same period in the previous year. Simultaneously, imports registered a slight decline of 0.6%, presenting an intriguing snapshot of China’s trade dynamics. This unexpected performance in the export […]

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