In 2023, Russias exports of forest products to China will grow significantly, and pulp will become a star product.
February 20, 2024
In the context of changing global economic patterns and restructuring of global trade fluidity, trade exchanges between Russia and China showed new growth points in 2023, especially in terms of exports of forest products. According to the latest data of the Russian Federal Bureau of Forestry, Russias pulp exports to China in 2023 achieved significant growth, increasing to 25.4%, and the total amount reached 360%.
The rise of Chinese e-commerce platforms has boosted the popularity of Made in China products around the world
February 18, 2024
With the accelerated merger of digitalization and globalization, Chinas e-commerce platform and its accompanying logistics services are rewriting the global retail market pattern.In 2023, China will first outperform the United States to become South Koreas largest cross-border e-commerce import source, a milestone symbolizing the continued rise in Chinas e-commerce and logistics platforms global influence and competitiveness.
U.S.-Mexico trade surpasses China and the United States, and Chinas manufacturing industry faces the challenge of “de-risking”
February 18, 2024
In the current global economic pattern, China’s manufacturing industry is facing unprecedented shifts. A recent article published on the Singapore Asian News Station website explores whether the “risk de-risk” trend predicts the end of China’s manufactured goods. For a long time, China, as the United States’ largest trading partner, has now been replaced by Mexico.
India is optimistic that GDP growth will exceed 7% in the next few years%
February 6, 2024
Although the world is facing rising geopolitical risks and multiple economic headwinds, the Indian government has shown an extraordinary optimistic attitude. According to the latest official economic assessment report, the Indian government predicts that the GDP growth rate in the next fiscal year (2024 - 25) will exceed 7% and may maintain this high - growth trend in the next few years. This prediction is based on domestic demand...
Natural rubber prices soar as Chinas demand grows and Thailands harvest suffers
February 5, 2024
As Chinas demand for new energy vehicles continues to grow, natural rubber prices have recently witnessed a significant rise.This trend is driven by multiple factors, including the strong demand of the Chinese market, the revenue of the producing country Thailand, and the global markets concerns about future supply. Natural rubber, as a key raw material for car tyres, its price fluctuations have caused the global rubber product industry to grow.
The global semiconductor market is expected to recover in 2024: AI and electric vehicles drive growth
February 4, 2024
The global semiconductor market is expected to see a significant improvement in the second quarter of 2024, driven by the high demand for semiconductors from generative artificial intelligence (AI) data centers and pure electric vehicles (EVs), indicating an increase in the production of large - scale semiconductor enterprises. This change marks the improvement of the “silicon cycle” - the cycle of prosperity and downturn that the semiconductor industry experiences in a 3 - to - 4 - year cycle - and has an impact on the global economy...
Analysis of U.S. apparel and home furnishing retail and import data for December 2023
February 2, 2024
According to recent data released by the U.S. Department of Labor, the U.S. apparel retail sector showed continued improvement in December 2023, while home consumption experienced a noticeable decline. This change reflects adjustments in consumer spending habits and shifts in market dynamics.
New foreign trade regulations to be implemented in February 2024 and their impact
1 February 2024
With the arrival of February 2024, a series of new rules that have far-reaching effects on foreign trade have officially entered into force. These new rules not only involve chemical import and export management, industrial structure adjustment, geographical indication product protection, but also include the mutual visa exemption agreement with Singapore, anti-dumping investigations, facilitating measures for foreigners to come to China, and the update of the foreign trade and foreign investment tax policy guidelines.
Chinas magnesium metal exports will drop sharply in 2023
January 31, 2024
In December 2023, both the quantity and value of Chinas exported magnesium metal products declined. According to the statistics of the Chinese Customs, the export volume in that month was 35,600 tons, a month - on - month decrease of 5.6% and a year - on - year decrease of 10.1%; the export value was 113 million US dollars, a month - on - month decrease of 8.1% and a year - on - year decrease of 28%. Throughout 2023, Chinas performance in the global magnesium metal market also showed a similar downward trend...
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