In response to a changing global situation and the expectations of the international community, and with the future and overall interests of humanity in mind, China proposed the Belt and Road Initiative (BRI). Committed to the Silk Road spirit, a great heritage of human civilization, the BRI c...
As Omicron became the dominant sub-variant, countries generally loosened control and liberalized their economies. For China, the rebound of the pandemic and other factors added downward pressure on the economy. However, China has stabilized its fundamentals through a variety of policies. Furthermore,...
Learn about the top exports and imports in the US along with which countries are the top export destinations for mass produced US products.
According to the General Administration of Customs, from January to July 2023, China's total import and export value reached 23.55 trillion yuan, a record year-on-year increase of 0.4%. Among them, exports were 13.47282 trillion yuan, an increase of 1.5%, and imports were 10.07933 trillion ...
BEIJING, March 8 (Xinhua) -- Western media outlets are known for their knack of coining new terms to diffuse the "China threat" theory, and their latest invention is the "China shock." By insinuating that China's export products pose a threat to other economies, the intent is clear: to...
China's consumer market in 2022 remained generally stable, with total retail sales of consumer goods reaching 44 trillion yuan (about $6.51 trillion) and imports of consumer goods reaching more than $290 billion. Under the policy of high-standard opening-up, China has adopted a foreign investmen...
This is applicable to eight categories of goods: wheat, corn, rice, sugar, wool, cotton and fertiliser. Temporary duty rates: These are periodically implemented by China to boost imports and meet rising demands. 2. Value–Added Tax (VAT) rates Similar to Singapore's Goods and Services Tax ...
(b) Why is the opposition within the EU so weak? Looking at the voting results, out of the 27 EU member countries, only five voted against. They are Germany, Hungary, Macedonia, Slovakia, and Slovenia. Except for Germany, none are major importers of Chinese electric vehicles. Although the...
the bill. Entities seeking federal funds from CHIPS+ will be required to enter into an agreement with the Department of Commerce pledging not to “engage in any significant transaction” related to semiconductor manufacturing in China for ten years,...
Exports are goods and services that are produced in one country and sold to buyers in another. Exports, along withimports, make upinternational trade. Instead of confining themselves within their geographical borders, countries often intentionally seek external markets around the world for commerce, ac...