Archive for the ‘China’ Category

China Extends Support to Sri Lanka with No Political Conditions and Increased Imports

China, International Trade, News, Sri Lanka

October 20, 2023

In a recent development, China has expressed its willingness to assist Sri Lanka without imposing any political conditions and has also pledged to increase its imports from the island nation. Chinese President Xi Jinping conveyed this commitment during a meeting with Sri Lankan President Ranil Wickremesinghe in Beijing, as reported by state media. This […]

China and Indonesia Forge Stronger Economic Ties in Emerging Industries

Bilateral Trade Relation, China, News

October 17, 2023

In a bid to strengthen ties and foster collaboration, President Xi Jinping of China has expressed China’s willingness to expand cooperation with Indonesia in several emerging industries, including the digital economy, photovoltaics, and new energy vehicles. During a meeting with Indonesian President Joko Widodo on the sidelines of the Belt and Road Forum, President Xi […]

Australia Anticipates Wine Trade Resolution with China as Deadline Approaches

Agricultural Trade, Australia, China, News

October 16, 2023

In an address to the business community, Australian Trade Minister Don Farrell emphasized the need for businesses to diversify their customer base and reduce their dependence on a single market, particularly in light of the ongoing trade dispute with China. Australia’s pursuit of a resolution through the World Trade Organization (WTO) reflects the country’s […]

China’s Trade Deficit Narrows Amid Economic Challenges, According to Analysts

China, International Trade, News

October 11, 2023

In the midst of complex global economic conditions, China, the world’s second-largest economy, exhibits signs of trade stabilization, as indicated by expert forecasts gathered by Reuters. Data anticipates a deceleration in the decline of exports for September, marking a consequential shift in the nation’s trade performance. Projections for September suggest a 7.6% decrease in exports […]

Record ICE Sugar October Delivery to Primarily Go to China – International Trade Council

China, International Trade, News

October 5, 2023

The International Trade Council reports that a significant portion of the unprecedented physical delivery of sugar by commodities traders upon the expiration of the October futures contract on the Intercontinental Exchange (ICE) will be directed to China, based on information provided by two traders familiar with the transactions. Wilmar International, the Singapore-based food trader […]

European Commission Initiates Investigation into Subsidized Chinese Electric Cars

China, Europe, News, Trade Relations

October 4, 2023

The European Commission has taken a significant step by launching an anti-subsidy investigation into the import of battery electric vehicles (BEVs) from China. The investigation’s primary objective is to assess whether value chains related to BEVs in China benefit from unlawful subsidization, and whether this subsidization poses a genuine economic threat to BEV producers within […]

China Appeals to U.S. to Reevaluate Restrictions on Tech Sector Investments

China, International Trade, News, United States

September 28, 2023

The International Trade Council reports that China’s chief trade body has made a formal appeal to the United States, urging a thoughtful reevaluation of recent restrictions targeting investments in China’s technological domain. Last month, U.S. President Joe Biden ratified an executive order barring or curbing investments into Chinese ventures, notably in pivotal sectors such […]

Renewal in Trade Dynamics: Australia Anticipates Resumption of Hay Exports to China Amid Gradual Easing of Trade Tensions

Australia, China, Economic Relations, News

September 28, 2023

In what is being viewed as a significant thaw in the trade relations between Australia and China, the Australian government announced on Thursday an impending resumption of its hay exports to China. This development comes after a period of considerable strain, which saw China impose restrictions on various Australian commodities following Australia’s push for an […]

South Korea, Japan, and China Set to Reinvigorate Trilateral Cooperation with Upcoming Summit

China, Japan, News

September 25, 2023

The International Trade Council celebrates the constructive decision by senior diplomats of South Korea, Japan, and China to rejuvenate trilateral exchanges and cooperation. This resolution, announced after a pivotal meeting in Seoul, underscores their commitment to hold a leadership summit at the earliest feasible opportunity. Commencing in 2008, the three nations established a tradition […]

China’s Multilateral Trade with BRICS and Africa Demonstrates Significant Growth in the First 7 Months of 2023

Africa, China, News, Trade Agreements

September 5, 2023

In recent data released by the Chinese General Administration of Customs, it has been revealed that China’s imports and exports with fellow BRICS members experienced notable growth of 19.1% year-on-year, reaching ¥2.38 trillion (approximately US$330.62 billion) between January and July 2023. The BRICS, comprised of Brazil, Russia, India, China, and South Africa, have collectively strengthened […]

The International Trade Council is a global, peak-body, chamber of commerce that supports businesses and governments by providing resources, advocacy, and networking opportunities to promote international trade and foreign direct investment. It serves as a platform for organizations to collaborate, share knowledge, and navigate the complexities of global markets.