Foreign Trade Updates
On March 8, Huangdao Customs supervised the export of a 120000-ton lift floating dock built by China Shipbuilding Qingdao Beihai Shipbuilding via "anchorage direct loading" to Freeport Port, Bahamas. It's a luxury cruise maintenance equipment for Carnival Royal Caribbean, becoming the largest in Western Hemisphere. Customs tailored a supervision plan to solve loading challenges, reducing logistics costs.
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Qingdao Customs reports Shandong's Jan-Feb 2026 imports/exports hit 548.13B yuan (+9.9% YoY). Key points: 11 cities up (8 double-digit), general trade >60%, private enterprises ~75.8%, growth with Russia/EU/Australia/Brazil, Belt and Road/RCEP trade up, electromechanical/agricultural exports grow, crude oil/metal ore imports up double-digit.
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On March 9th, Huangdao Customs (under Qingdao Customs) partnered with local authorities to conduct a policy door-to-door activity for nearly 40 shipbuilding/offshore enterprises, offering customized services via policy interpretation, case analysis, Q&A, covering customs regulations, processing trade, etc., to facilitate policy implementation and support enterprise compliance.
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The "Shunyi Tour of Multinational Pharmaceutical Companies" dialogue in Beijing’s Shunyi District focused on facilitating imports of clinically urgent rare disease drugs. It gathered government, medical, and pharmaceutical stakeholders to discuss policies, highlighting Beijing’s pilot zone, Shunyi’s pharmaceutical industry growth, and Tianzhu Port’s role as a key trade hub.
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Latest information on bulk raw materials covers China's Feb auto exports (672k units, NEV 282k), US Feb CPI (0.3% mom, 2.4% yoy), energy (oil prices surge, IEA reserves release), chemical industry projects (phosphate, lithium), and updates on rubber, textile, steel, etc.
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On March 11, Shengyi Steel Index was 840 points. On March 10, SHFE stainless steel warehouse receipts decreased. The 15th Five-Year Plan emphasizes optimizing traditional industries like steel. In Jan-Feb 2026, China's steel exports/imports fell year-on-year, while iron ore imports rose.
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On March 8th, the News Center of the 4th Session of the 14th NPC held a press conference. Wang Yi (Minister of Foreign Affairs) answered questions on China's foreign policy and foreign relations, focusing on China-Europe relations (warming ties, trade over $1trn), Belt and Road high-quality development, and 15th Five-Year Plan-related diplomatic efforts.
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Jiaxing Customs assisted in adding an exclusive tariff code for hydrocarbon biodiesel (produced by Blue Whale Bioenergy), facilitating exports, cutting costs, and supporting green energy development, aligning with national efforts on correct political achievements.
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On March 9, 2026, the 100th TIR vehicle loaded with chandeliers left Ruian, Wenzhou for Moscow under customs supervision, marking a new opening high. Wenzhou (Zhejiang's first TIR city) has 18 routes to 4 countries; TIR advantages boost foreign trade, customs promotes smart supervision to support local economy.
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On March 10, 2026, Yixin Europe China Europe freight trains departed Yiwu for Moscow and Uzbekistan. From Jan-Feb 2026, it shipped 572 trains (47k TEUs, up 10.21%/9.43% YoY). Commodity structure upgraded (new energy vehicles, photovoltaic modules), cultural & creative products are hot. Digital customs clearance supports growth. Hangzhou Customs will further optimize services.
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The 2026 government work report promotes intelligent manufacturing. China's washing machine industry transforms from scale to quality, with growing global exports (2025 emerging market growth). Enterprises innovate (smart features, differentiated products) while customs provide support (AEO, green channels). It becomes a global supply chain core, offering Chinese solutions for smart living.
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Zhejiang, China's largest Middle East export province, faces impacts from tense Middle East situation: suspended orders, 82%+ month-on-month freight rate hike, stranded containers. Enterprises respond by exploring African markets, adjusting logistics; customs and CCPIT provide assistance.
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