UNCTAD released its 2025 Trade and Development Report on Dec 2, noting financial volatility and geopolitical uncertainty pressure global trade/investment. Global growth slows to 2.6% in 2025; developing economies grow 4.3% but face higher financing costs. UNCTAD proposes reforms to reduce financial fragility and strengthen trade-finance synergy.

On the WTO's 30th anniversary, the multilateral trading system faces protectionism challenges. Global trade shows resilience via open cooperation, refactoring with developing economies and digital trade growth. China upholds multilateralism to promote stable global economic cooperation.

Chinese economy shows steady growth (5.2% YoY in first three quarters, ~140t yuan expected), with surging innovation (new quality productivity, AI, green energy) and broad openness. The 15th Five Year Plan proposal highlights dual carbon and new quality productivity, drawing international attention and optimism from institutions like Goldman Sachs. China’s innovation ecosystem and open cooperation fuel its high-quality development and global growth.

The article discusses achieving the organic unity of "letting go" and "managing well" to accelerate building a high-level socialist market economy system under the 15th Five-Year Plan, covering market allocation, macroeconomic governance, and stimulating business entities' vitality.

On Dec 2nd, the 10th plenary session of the Inter Ministerial Joint Conference on Pilot Free Trade Zone was held in Beijing. It conveyed Xi Jinping's instructions, implemented 20th CPC Congress spirit, promoted the upgrading strategy, greater institutional opening-up and innovation. Wang Wentao presided, emphasizing 15th Five-Year Plan significance and four key aspects for high-quality development.

On Nov 28 local time, WTO released 2025 Goods Trade Barometer: goods trade surged H1 2025 but slowed H2; all component indices except agricultural raw materials (in contraction since start of year) above benchmark. The barometer (predicting 2-3 months trade trend) is still above benchmark, indicating Q4 trade volume growth may slow but remain above trend level.

At WTO's Dec 2 trade policy review, China called on members to fulfill trade measure reporting obligations. WTO DG Ivica noted 80-year severe global trade turbulence but resilience. China criticized US's delayed reporting; EU supported WTO's transparency efforts. The annual report showed import measures coverage reached $2.64T (11.1% of global imports).

The article focuses on China-ASEAN cooperation via the CAFTA 3.0 Protocol, covering digital economy (payments, AI), supply chain connectivity, and SME support (grass fruit, durian), aiming to boost regional integration and shared prosperity.

The article discusses the 20th CPC Central Committee Third Plenary Session's plan to deepen reform for Chinese path to modernization, focusing on the Guangdong-Hong Kong-Macao Greater Bay Area's strategic role, high-level opening up measures (customs innovations, visa policies, trade growth), and China's commitment to wider opening-up.

This interview with Sun Meijun (General Administration of Customs) discusses customs' contributions to high quality development and high level opening up, covering coordinating development & security, enhancing clearance facilitation, promoting trade innovation, aligning with international rules, and Hainan Free Trade Port's full island closure preparation.

In Oct, Zhoushan Port's bulk commodity import exceeded 16 million tons; China's first bulk commodity resource allocation hub in Zhejiang is advancing; Jan-Oct import ~150 million tons (7.1% of national total); Hangzhou Customs optimized regulation to boost efficiency.

Customs enterprise registration and filing archives have evolved from physical paper to digital/intelligent over a decade, reflecting the "streamlining administration, delegating powers, improving services" reform, enabling smart customs and better business environment. Examples include Weihai Customs and a company's fast smart registration, with future plans for further intelligent application.

Shenzhen Customs provided emergency clearance for rescue supplies (drones, blankets, etc.) to Hong Kong's Tai Po fire site via dedicated channels and 7×24 mechanism, aiding affected compatriots from Nov 27 to 30.

The 8th China International Import Expo (CIIE) is upcoming. Customs archivists have recorded 7 previous CIIEs with archives (97 docs, 462 photos, etc.), which help optimize supervision (e.g., 50% shorter clearance time) and witness China's opening-up. Customs will continue the "pre-collection+full follow-up" mode for this year's CIIE.

Shanghai Customs statistics show CIIE has attracted over 4100 exhibits (8B+ yuan) since 2018. The 8th CIIE is opening; 289 batches (176M yuan) cleared as of Oct 31. New "Import Expo Express" mode debuts for bonded jewelry, cutting transit risks. Customs archived docs/photos/audio/physical items and supported 74 global product batches' China debut.

Under global uncertainty, China's super large market (with 1.4b people, complete industrial system, etc.) is the foundation for its high-level opening-up, enhancing foreign investment attraction, global economic governance discourse, supply chain resilience, requiring internal reforms, and being a win-win link for China-world economy interaction.

China advocates open and inclusive Asia Pacific cooperation at the 32nd APEC Economic Leaders' Meeting, highlighting APEC's role, triple significance of regional cooperation, and China's specific initiatives to promote Asia Pacific prosperity.

On Nov 26, China's Commerce Minister Wang Wentao held a video conference with EU's Shevchovich to discuss Anshi Semiconductor issues, global semiconductor supply chain stability, and China-EU export controls. Both agreed to urge relevant enterprises to communicate for long-term solutions.

The China-Tonga Framework Agreement focuses on flexible negotiations, expanding bilateral trade, supporting Tonga's investment attraction, industrialization/agricultural modernization, and global supply chain cooperation. It deepens their comprehensive strategic partnership and elevates economic and trade relations.

On November 20th, the 11th RCEP Joint Committee meeting was held in Chiang Mai, Thailand. 15 member countries and the ASEAN Secretariat attended. It aims to implement leaders' consensus, promote agreement implementation, new members joining, 2027 review preparation and improve RCEP mechanism.