In 2023, the European Union countries imported approximately 14.8 percent of the Chinese export volume.
In addition, the country will reduce the export tariff on high-purity aluminum. Meanwhile, China will raise import tariffs on ethylene, propylene, and certain types of liquid crystal glass substrates, among others, within its accession commitment to the World Trade Organization. Under the free trad...
the data showed. the total export value of the tech-intensive green trio, namely solar batteries, lithium-ion batteries and electric vehicles, surged 29.9 percent to 1.06 trillion yuan in 2023. it marks the first time that the figure topp...
While export volume rose sharply, the average price of automobiles exported last year also increased to 19,000 U.S. dollars, up from 16,000 dollars in 2021, Cui revealed. "Made-in-China vehicles have not only expanded their reach, but are also improving in quality and gaining greater marke...
China's share of exports in gross domestic product (GDP) amounted to approximately 18.9 percent in 2023, decreasing from 19.6 percent in the previous year.
From January 1, 2023, China will raise import and export duties on some commodities to balance domestic demand and supply as well as upgrade its domestic industries. The changes include: Reimposing MFN tariffs on imports of chestnuts, licorice, and products thereof, large tires, and suga...
BEIJING, April 12 (Xinhua) -- China's total import and export of goods expanded 5 percent year on year in yuan terms in the first quarter (Q1) of 2024, setting new records in both scale and growth rate, official data showed Friday. ...
What are the 2023 adjustments to China’s import and export licensing management? Starting on January 1, 2023, four adjusted catalogues regarding import and export have taken effect, issued jointly by the MOFCOM and GAC in China. We explain briefly below. ...
an increase of 0.6%, while imports amounted to 17.98 trillion yuan, a decrease of 0.3%. In 2023, China's imports and exports displayed resilience, with new export growth drivers being new energy vehicles, lithium batteries, and solar cells. The sectors saw combined exports of over one trillio...
momentum of Chinese automakers’ filling vacuum since the Russia-Ukraine war initiated in February 2022. 841,000 vehicles exported to Russia in the first eleven months of 2023, 5.5 times bigger than the same period a year ago. Mexico, as the No.1 export destination in 2022, received 376,...