EU considers reviewing dependence on Chinese chips
March 20, 2024
According to Bloombergs latest report, the EU is considering launching a formal review to assess regional companies reliance on mature process chips imported from China. This move suggests the EU may follow the U.S. in examining potential national security and global supply chain risks from China dependence. According to a draft working statement seen by Bloomberg, the EU...
Shanghais semiconductor equipment imports surge
March 20, 2024
Recent Shanghai Customs data shows significant growth in semiconductor manufacturing equipment imports during the first two months of 2024. Particularly for machines and apparatus for manufacturing semiconductor devices or integrated circuits, both import volume and value saw substantial increases. Statistics indicate that from January to February 2024, Shanghais imports in this...
Chinas steel export growth faces future fluctuations
March 20, 2024
According to China Customs statistics, Chinas steel exports achieved significant year-on-year growth in January-February 2024, demonstrating the Chinese steel industrys global competitiveness. However, Lange Steel Research Center analysis notes that despite current export growth, short-term fluctuations are inevitable due to changing international market conditions. During these two months...
Nissan, Honda to team up to counter rise of Chinese electric cars
March 19, 2024
In the face of increasing global competition in the field of electric vehicles (EV), Japans two major automobile manufacturers, Nissan and Honda, have begun to explore cooperation in the field of electric vehicles and vehicle software.According to the Japan Economic News, this partnership is intended to respond to the growing market offensive of Chinese electric vehicle companies, especially companies such as Biady in the global market.
India lowers import tariffs on electric vehicles to attract global car companies
March 19, 2024
In a major policy adjustment, the Indian government decided to cut import tariffs on multinational electric car companies as long as these companies pledged to build a local factory to produce electric vehicles in India. This strategy aims to attract global automakers such as Tesla and VinFast to turn India into a global manufacturing center for electric vehicles while promoting employment and reducing the country’s oil imports and...
South Koreas cross-border e-commerce imports from China surge 70%
18 March 2024
According to recent data released by the South Korean Customs Administration (Customs), the number of cross-border e-commerce goods imported by South Korea from China increased by 70.3 percent in 2023, reaching 8881.5 million units, a growth rate far higher than the overall import growth rate. This data highlights the growing importation of Chinese markets in cross-border e-commerce in South Korea. Last year, the total volume of cross-border e-commerce imports in South Korea...
Argentina fully liberalizes imports of necessities of life to cope with high inflation
18 March 2024
The Argentine government announced full liberalization of imports for household essentials like food and medicine - a major decision addressing persistent inflation and promoting more competitive market prices. This represents Argentinas latest effort to control prices and increase commodity supply. On March 12 local time, Argentine presidential spokesperson Adorni announced...
China cancels U.S. wheat orders on a large scale
March 15, 2024
China recently canceled large-scale wheat import orders from the US consecutively, including a 264,000-ton order - reaching the highest cancellation volume since 1999. These cancellations significantly impact US wheat exports, with 2023/24 exports projected to drop to 1971 levels. Such large-scale...
South Korea accelerates the diversification of its mineral supply chain to reduce its dependence on China
March 15, 2024
South Korea is accelerating diversification of key mineral supply chains to reduce its dependence on China. This policy shift is driven mainly by the South Korean government’s newly launched Strategy for Securing Key Minerals Supply, aimed at reducing its dependence on China’s mineral resources.
Follow Customer Service WeChat
