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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 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 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 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
- Sep 8, 2020
- 3 min
OFFICIAL AUG TRADE DATA: The business of China is strong
By John W. Miller, Chief Economic Analyst - Trade Data Monitor - The business of China is strong. The country’s exports increased to $235.3 billion in August, up 9.5% compared to the same month a year ago. Because China still reigns supreme as the world’s top maker and exporter of manufactured goods from car parts to computers, its trading performance is closely watched as business and government leaders try to figure out where the global economy is headed in the midst of the
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Trade Development News
- Aug 26, 2020
- 2 min
US companies looking to return home from China face significant problems
“Reshoring was just something nice, a nice idea, mostly for companies that should never have outsourced to a country like China,” The Trump administration wants to reduce American dependence on overseas supply lines by encouraging ‘reshoring’ But returning manufacturers often face old infrastructure, underdeveloped networks and poor labour pools As the United States awakens to its supply-chain vulnerabilities amid heightened pressure on companies to “reshore” from China, it i
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Trade Development News
- Aug 19, 2020
- 2 min
CSIS: China’s Place in the Fortune Global 500
An interesting summary of the numbers behind the headlines by Scott Kennedy, CSIS With the world paying close attention to the geostrategic tensions between the United States and China, it is surprising that little coverage was given to what could be seen as a major development in superpower competition. Last week Fortune released its latest Fortune Global 500 list, and for the first time China had the largest number of companies represented. Chinese firms slightly outpace th
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Trade Development News
- Aug 14, 2020
- 2 min
Chinese July trade data tells story of how there are 2 economies in the world right now
Chinese July trade data tells story of how there are 2 economies in the world right now: transportation-based (cars, shoes, luggage, oil) slumping, and home-based (high-tech, phones, toys, food), booming. Chinese exports unexpectedly rose in July, thanks to booms in demand for high-tech gear needed for workers staying at home, according to an analysis by Trade Data Monitor, the world’s premier source of export and import statistics. As the world’s number one manufacturer and
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Trade Development News
- Aug 12, 2020
- 3 min
GAC: China's foreign trade can achieve high-quality development
Interview with Ni Yuefeng, Head, General Administration of Customs (GAC) China: China's foreign trade has the conditions and capabilities to achieve high-quality development even though COVID-19 has dealt a heavy blow to the global market. According to World Trade Organization (WTO) estimates, the volume of global merchandise trade would slump by around 18.5 percent year on year in the second quarter of this year and by 13 percent throughout 2020. Amid increasing uncertaintie
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Trade Development News
- Jul 14, 2020
- 1 min
Alibaba & COSCO join forces in bid to transform shipping
With a new alternative to Maersk-IBM Tradelens in place the pace of tradetech digitalisation is speeding up. Chinese state-run shipping giant Cosco Shipping has entered into an agreement with e-commence conglomerate Alibaba and its fintech affiliate Ant Group to collaborate on blockchain applications in shipping. Under the agreement, the parties will work together to promote blockchain developments in various shipping and logistics sectors to connect data and systems in shipp
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Trade Development News
- Jun 23, 2020
- 1 min
Alibaba's Electronic World Trade Program to boost digital trade in China
Alibaba Group on Thursday expanded its partnership with Yiwu, a city in China’s Zhejiang province that is home to the world’s largest wholesale market, with plans to digitize a new bonded zone to streamline the flow of cross-border goods in the city as well as provide innovative solutions to help small businesses offset the impact of Covid-19. The comprehensive bonded zone – a classification that offers companies engaged in trade with favorable taxation policies, eased admini
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Trade Development News
- Jun 3, 2020
- 1 min
Economic Recovery - Global Free Zones Summit, Oct 20-22 Yingkou, China!!
As we celebrate Global Exhibitions Day today, June 3rd, the team at KW Group are very excited to announce that we are partnering Conway Inc, Publisher of Site Selection Magazine to support The Global Free Zones Summit which is hosted in Yingkou China this October. The GFZS is a hugely important networking event hosted by the Government of Yingkou, China specifically for Site Selectors, Corporates, IPAs, NDOs, Free Zones, Special Economic Zones and Logistics Zones. As countrie
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Trade Development News
- Apr 26, 2020
- 1 min
DO YOU NEED ASIA TRADE & INVESTMENT SUPPORT?
Lead Generation, Virtual Site Tours, Webinars, Sales & Marketing Representation, Training & Development across the APAC region? KW Group have a 10 year track record in market access, trade & investment across the Asia Pacific region from our HQ in Malaysia at the heart of Asia. We understand that to establish in the region you need a long term vision and commitment of the highest quality combined with local networks. We support governments, IPAs, free trade zones, technologie
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Trade Development News
- Apr 23, 2020
- 1 min
Myanmar: Customs Restrictions To Be Eased To Facilitate Trade
The government will reduce trade restrictions and red tape to facilitate the import and export process during the COVID-19 outbreak. Starting April 20, the customs department will reduce customs duties for businesses operating with the Myanmar Automated Cargo Clearance System (MACCS).
Paperwork will also be streamlined, with an electronic version of Form D for preferential tariff treatment in Asean to be issued to simplify procedures between all the Asean countries. VIEW ART
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Trade Development News
- Apr 23, 2020
- 1 min
AMCHAM China: Most U.S. firms have no plans to leave China due to coronavirus
The majority of American companies in China have no plans to relocate production or sourcing activities to other parts of the country or abroad due to the coronavirus, a survey showed on Friday. Almost 70% of respondents to the joint survey by the American chambers of commerce in Beijing and Shanghai as well as PricewaterhouseCoopers said they expected their China supply chain operations to return to normal in less than three months and 96% forecast a return to normal within
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