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Trade Development News
- Feb 18
- 1 min
Can Asean recover this year?
Prior to the pandemic, Southeast Asia had made huge advancements and was forecasted to be the fourth biggest economy by the year 2030. Unfortunately, the Covid-19 pandemic has resulted in economic devastation for Asean, arguably posing the greatest challenge since the region’s formation. However, there are positive signs that Asean can make an economic recovery in 2021. “All Asean nations are involved in the Asean Single Window Live Operation, where trade and cargo flows can
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Trade Development News
- Feb 11
- 1 min
UNCTAD Latest Global Trade Update Indicates Strong Recovery in China & East Asia
UNCTAD has published its latest Global Trade Update. The good news is that world trade continued its recovery from the pandemic in the fourth quarter of 2020, and most sectors saw positive growth. The less good news is that although trade in goods rebounded by 8%, services stagnated. And while goods exports from East Asian economies grew by about 12% in Q4 (year-over-year), negative trends continued for goods exported from most other regions. The report also highlights persis
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Trade Development News
- Jan 21
- 2 min
China FDI rose to record level in 2020 despite coronavirus, fastest growth rate in five years
Foreign direct investment (FDI) into China rose 4.5 per cent from 2019 to US$144.37 billion last year Investment from the Netherlands and Britain increased by 47.6 per cent and 30.7 per cent, respectively, from a year earlier Foreign direct investment (FDI) into China rose to a record high in 2020 by posing the fastest growth rate in five years despite the disruptions caused by the coronavirus pandemic.
FDI in US dollar terms – excluding financial sectors such as banking, sec
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Trade Development News
- Jan 15
- 3 min
OFFICIAL CHINA TRADE DATA REPORT: Global Trade in 2020 Rebounded After Spring Slump
As the world seeks to recover from the devastation of the Covid-19 pandemic, trade data suggests it’s more dependent than ever on the Chinese export engine - Latest December China Trade Data insights from our partners at Trade Data Monitor, authored by Chief Economist, John W Miller - For a copy of December's trade data for China and other countries email: andrewk@kwconfex.com China’s full-year numbers show how global trade was almost crippled by the Covid-19 pandemic during
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Trade Development News
- Jan 14
- 2 min
ASEAN ahead of EU & US as China's largest trading partner in 2020
ASEAN countries have jumped to be the number one trading bloc with China in 2020, with the trade volumes hitting 4.74 trillion yuan ($731.9 billion), a 7 percent growth year-on-year, Chinese Customs spokesman Li Kuiwen told a press conference on Thursday, making ASEAN China's largest trading partner for the first time and making China ASEAN's largest trading partner for 12 years in a row. With the demonstration the huge potential and strong resilience of China-ASEAN cooperati
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Trade Development News
- Dec 31, 2020
- 2 min
FDI Trends & Outlook In Asia & The Pacific 2020/2021, UNESCAP
The investment landscape in Asia and the Pacific has become increasingly uncertain and tied to the unfolding of current global and regional political economic risks, such as increased trade tensions, the retreat of multilateralism, and health risks resulting from the COVID-19 pandemic. Together, these risks have disrupted global foreign direct investment (FDI) flows to, from and within Asia and the Pacific. HIGHLIGHTS • Globally, both FDI inflows and outflows started to recov
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Trade Development News
- Dec 17, 2020
- 1 min
Ranked: The Most Valuable Nation Brands in 2020
In today’s heavily interconnected world, a country’s reputation can have a big impact on its overall economic prosperity. In fact, a country’s reputation—its brand—is arguably one of its most important assets. A strong nation brand has the power to boost tourism, attract and retain talent, and potentially bring in foreign investment. This graphic uses data from Brand Finance’s Nation Brands 2020 report, which attempts to quantify the reputations of different countries around
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Trade Development News
- Dec 10, 2020
- 2 min
WEF: Should trade continue to be global after the pandemic?
The advantages China offers will not become available closer to home and the costs of reshoring are high and often prohibitive. Opportunities for global trade will be a key area for business growth after the pandemic. Technology is pivotal to solving the lack of transparency in global supply chains. Ten months in, the pandemic still poses a threat to lives and livelihoods in many parts of the world. Among its many impacts are the cracks in our international supply chains, whi
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Trade Development News
- Dec 9, 2020
- 2 min
RCEP: The Future of Trade in Asia
INSIGHTS: Trans-Pacific View author Mercy Kuo regularly engages subject-matter experts, policy practitioners and strategic thinkers across the globe for their diverse insights into U.S. Asia policy. This conversation with Dr. Peter Petri – Carl J. Shapiro professor of international finance in the Brandeis International Business School; non-resident senior fellow at the Brookings Institution and its John L. Thornton China Center; and co-editor of “Toward Northeast Asian Integ
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Trade Development News
- Dec 8, 2020
- 3 min
Global Economy Being Redrawn By Chinese Export Boom
Latest November China Trade Data insights from our partners at Trade Data Monitor, authored by Chief Economist, John W Miller - For a copy of November's trade data email: globaltrade@kwconfex.com What has been building all year exploded into a crescendo in November, as China registered the biggest month of exports in economic history. Buoyed by a rebounding economy as the U.S. and Europe continue to struggle with containing the coronavirus, Beijing reported shipments of $268
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Trade Development News
- Nov 24, 2020
- 3 min
New Asian trade bloc could help boost post-pandemic investment - UNCTAD
The Regional Comprehensive Economic Partnership agreement comes at a time of major upheaval caused by COVID-19 and could help revive economic growth. A new mega Asia-Pacific trade bloc has the potential to help fuel investment in the wake of the COVID-19 crisis, especially in poorer economies in the region, according to an UNCTAD report. Signed on 15 November, the Regional Comprehensive Economic Partnership agreement (RCEP) unites 15 countries, including China, Japan, Austral
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Trade Development News
- Nov 12, 2020
- 2 min
What is RCEP and what does an Indo-Pacific free-trade deal mean?
The world’s biggest free-trade agreement by population and GDP will bring huge tariff cuts for its Asean and Pacific Rim signatories, including China But the agreement is less open and comprehensive than the 11-member CPTPP, which involves some of the same countries along with the United States When leaders from 15 countries in the Indo-Pacific region meet for a virtual summit on Sunday, they are expected to sign a free-trade agreement that, measured by population and GDP, is
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Trade Development News
- Nov 12, 2020
- 2 min
China and 14 other nations ready to sign RCEP, world’s largest trade deal
The Regional Comprehensive Economic Partnership is expected to be signed this weekend during video meetings hosted by Asean In the absence of the US from trading blocs, China seeks opportunities to write regional trade rules, say observers China is expected to sign a mega regional trade deal with 14 other countries in the Asia-Pacific region this weekend, wrapping up a major agreement before the next United States administration comes into office, Chinese officials said on We
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Trade Development News
- Nov 9, 2020
- 3 min
OFFICIAL CHINA TRADE DATA: China Ramps up Exports to EU, US Hampered by Covid - October 2020
We are pleased to share the October China Preliminary Data from our partners Trade Data Monitor, summarised by John Miller. For a copy of 'October Preliminary China Trade Data' feel free to email andrewk@kwconfex.com Trade Data Monitor Partner APAC China maintained its strong 2020 export performance in October, buoyed by a summer of consumer spending in the U.S. and Europe after a locked-down spring. Overall, outbound shipments increased to $237.2 billion, up 11.4% compared t
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Trade Development News
- Nov 5, 2020
- 2 min
New policies boost cross-border e-commerce in China amid pandemic
Cross-border e-commerce in China is on track for growth this year despite global lockdowns that constrained shipping capacity and supply chain operations in the early months of the COVID-19 pandemic. China has put forward new measures in facilitating cross-border e-commerce to bolster trade, as retailers are increasingly bringing sales online to compensate for offline losses. The digital economy has been an important driver for post-pandemic trade recovery. China is holding t
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Trade Development News
- Oct 16, 2020
- 1 min
AT THE CENTRE OF FDI, TRADE & INVESTMENT IN ASIA FOR 10 YEARS
Asian markets are seeing a robust resilience through the current covid, trade wars & associated economic turbulence. With strong intra regional trade, developing local economies, free trade agreements, booming e-commerce and China +1 Asia Pacific economies offer fantastic opportunities through domestic and international growth but remain complex to access and in many cases language and bureaucratic red tape can be key factors to deter international FDI and market access. We
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Trade Development News
- Oct 14, 2020
- 2 min
Chinese trade grows as others struggle amid pandemic
China has recorded strong growth in trade, while other major economies still struggle with the impact of coronavirus. Exports in September rose 9.9%, while imports grew 13.2%, official data show. The rush of imports cut China's usually meaty trade surplus - the amount by which exports exceed imports - to $37bn from $59bn in August. Most other large economies are expected to suffer large contractions as lockdowns and public fear cut spending. But the data suggests a rapid reco
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Trade Development News
- Oct 12, 2020
- 2 min
China has its own '+1' strategy and Southeast Asia is it
Interesting perspectives on China +1, an often misunderstood economic & trade reality that is based on high value market growth in SE Asia and no longer just based on cheap labour and manufacturing costs. Increasingly, Chinese companies are finding the region an appealing alternative to compensate for their loss in market growth elsewhere, say Dr Lau Kong Cheen and Dr Vanessa Liu. There is a concept among the business community known as the “China Plus One (+1)” strategy wher
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Trade Development News
- Sep 25, 2020
- 2 min
Asia’s Future Beyond U.S.-China Competition
Excellent article by Evan A. Feigenbaum vice president for studies at the Carnegie Endowment for International Peace Beijing and Washington are competing to set Asia’s rules, norms, and standards. But other countries in the region are increasingly choosing to shape its future themselves. Asia is changing dramatically, but the region’s two most significant powers are losing the plot. China and the United States are racing to the bottom—refracting issues from trade rules to dat
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