Behind the wave of corporate bankruptcies in the United States: You shouldnt panic blindly
28 August 2023
Seven months before 2023, the number of corporate bankruptcies in the United States has approached a record high since 2010. According to the statistics of Standard Pur Global Market Intelligence, 64 companies filed for bankruptcy in July this year, the highest number in recent months, exceeding any month in 2021 and 2022.
Mexican tariff adjustment: impact on China and other countries
25 August 2023
1, Mexicos tariff adjustment decision The Mexican President recently signed a decision, decided from August 16, 2023, to raise the most favourable tariffs on a number of imported products including steel, aluminum, bamboo products, rubber, chemical products, oil, soap, paper, cardboard, ceramic products, glass, electrical equipment, instruments and furniture.
India restricts imports of a variety of products! Opportunities and challenges facing small and medium-sized enterprises
18 August 2023
A recent overall risk survey on export transactions with Indian companies released by China Export & Credit Insurance Corporation (Sinosure) shows that although the current credit risk level remains high, it has been declining year by year compared to other countries. Growing enthusiasm among enterprises for trade consultations about the Indian market also indicates significant export potential for Chinas small and micro foreign trade businesses in India. Despite Indias...
Exports in many countries have fallen, but some countries have a recession.
15 August 2023
Global Export Trends Remain Weak Recently, due to sluggish external demand and persistent downturns, most countries—including Vietnam, South Korea, Brazil, and the United States—have shown declining export trends. This downturn may have lasting impacts on these countries economic growth, with no signs of global trade recovery in the short term. Vietnams exports fell by 3.5% in July...
South Koreas economy faces a dilemma in 2023: exports fell in October and GDP shrank sharply.
14 August 2023
Recent data released by South Koreas Ministry of Trade, Industry and Energy shows that the countrys exports in July fell 16.5% year-on-year to $50.33 billion, marking the tenth consecutive month of decline and the steepest drop since May 2020. Exports of semiconductors, a major export item, fell 34% year-on-year, extending their negative growth streak to 12 months. Additionally, in June this year...
Despite sanctions, Russia remains the largest economy in Europe.
9 August 2023
Despite facing external pressure and economic sanctions, Russia’s economic performance remains strong. Recent World Economic Report data show that Russia has successfully entered the world’s top five economies by the end of 2022.
Vietnams exports continue to decline, and companies exit the market at a record high
August 8, 2023
As a country that relies on trade, recent economic data are worrying. The latest economic data from the Bureau of Statistics of Vietnam shows that a five-month consecutive decline in exports has set the country’s longest consecutive decline record in 14 years. This trend means that for this Southeast Asian country, achieving the year-round economic growth goal has become more difficult. This year’s January to July, the...
Responding to the International Trade Relief Survey: the assistance and strategy of the Pudong International Chamber of Commerce in Shanghai
August 7, 2023
In the current international trade environment, instability and uncertainty are increasing, while unilateralism and protectionism are also increasing. Faced with this background, the Pudong International Commerce Council of Shanghai, under the guidance of the Shanghai City Commerce Commission, provides foreign legal public services to small and medium-sized enterprises to help them cope with these challenges.
Indias export ban triggered soaring prices and emergency contract adjustments
3 August 2023
The Indian government recently announced a ban on exports of non-Indian shampoo to ensure domestic supply. This move rapidly led to rising global rice prices, and rice traders from major exporting countries such as Thailand and Vietnam are urgently negotiating to adjust sales contracts for 500,000 tons of rice. At the same time, importing countries such as the Philippines are also considering increasing rice reserves and increasing imports to address potential supply shortages.
Follow Customer Service WeChat
