Foreign Trade Updates
On Nov 6, Xi Jinping listened to Hainan Free Trade Port construction report and delivered a speech in Sanya, issuing instructions guiding its direction. The 2020 plan marked a key step. This Dec 18, Hainan will launch full-island closure operation with "front line open, second line controlled, freedom within" policy. Zero-tariff policies have been implemented, aiming to build a high-level port by mid-century.
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The China-Australia Free Trade Agreement (ChAFTA) marks its 10th anniversary in 2025. 2024 bilateral goods trade reached $211.27b (85.6% up from 2015). The pact boosted trade/investment, with China as Australia’s top partner and vice versa. Future plans aim to deepen ChAFTA for higher liberalization/facilitation.
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Under Dandong Customs supervision, Liaoning Haoyang's 150-ton frozen poultry meat was successfully exported to Hong Kong for the first time. Customs guided enterprise registration, opened green channel. Dandong exported 8281.2 tons Jan-Oct this year.
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The 8th China International Import Expo (CIIE) is held in Shanghai (Nov 5-10), attracting 4108 companies from 138 countries. Canada’s BC has 50 firms (record), Singapore 57 firms (500 reps, 35th China-SG anniversary), South Africa 32 firms. It shows China’s market opening, with 7 sessions’ cumulative intended turnover over $500b.
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The State Council Tariff Commission of China announced on November 5, 2025 that it will suspend the additional tariffs on some US-origin imported goods (from Announcement No. 2 of 2025) starting 13:01 on November 10, 2025, to implement China US economic and trade consultation consensus, per relevant laws and State Council approval.
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On November 5, 2025, China's Tariff Commission announced adjusting tariffs on US imports starting 13:01 on November 10, 2025: suspending the 24% tariff for one year while retaining the 10% tariff, based on China-US economic and trade consultations consensus and relevant Chinese laws.
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China and the US adjusted tariffs and non-tariff measures to implement the Kuala Lumpur economic and trade consultations consensus. The US canceled the 10% fentanyl tariff and extended the 24% equivalent tariff suspension; China suspended some US tariffs and adjusted export control/unreliable entity lists. Experts call it a concrete step from the Busan summit; foreign media sees it as a good sign.
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The "Longkou-Qingdao" foreign trade internal branch line (recently operated the 42nd ship) has shipped over 10000 TEUs, achieved twice-weekly operation, cut logistics costs by ~500 yuan/TEU, saving over 4 million yuan for surrounding enterprises this year.
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Recently, under Tianshui Customs supervision, 2000kg Tianshui potato starch cleared customs for Albania (first entry). Supported by customs' policy guidance and "one-stop" service, the process took 3 months, with clearance time reduced by over 40%. Lanzhou Customs will continue to help agricultural products go global.
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On Nov 1, 8th CIIE cultural relics & art exhibits were transported from Shanghai Waigaoqiao Bonded Zone to the venue. Shanghai Customs used authentication traceability and smart supervision (positioning+monitoring+locks) to regulate these high-value artworks, ensuring safe & efficient entry, with 49 global renowned artists' works showcased in bonded form.
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Starting from September 29th, South Korea implemented a visa-free policy for Chinese group tourists. As of October 28th, Yantai Customs supervised 40194 inbound/outbound personnel (up 22.5%/28% YoY). Yantai Airport, a close China-South Korea hub with 70 weekly round-trip flights to South Korea, has become a "golden air channel". Yantai Customs promoted smart customs (Smart Travel Inspection system for seamless clearance). China Eastern Airlines Yantai Branch noted higher passenger load factor and good clearance experience.
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On Nov 1, Yunnan's Menghai County exported 182kg of 4 freshwater fish species to Dubai, UAE for the first time. Previously mainly exported to Southeast Asia, the export was supported by Xishuangbanna Customs with one-stop services. Since this year, the customs has supervised 333 tons of live fish exports worth 6.51 million yuan.
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On October 31, 2025, Malaysia's MITI issued a final anti-dumping ruling on galvanized steel coils/sheets from China, South Korea and Vietnam, imposing duties (0%-26.80% for China, 2.21%-31.47% for South Korea, 4.76%-57.90% for Vietnam) valid 5 years (Nov 1, 2025-Oct 31, 2030). Earlier, it initiated investigation (Feb 6, 2025) and preliminary ruling (July 4, 2025).
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Amid global toy market changes, China's AI toys, empowered by AI and China-Chic cultural innovation, see surging exports. Orders are scheduled till next Q1, enterprises expand production/R&D, driven by policy and tech breakthroughs, becoming a foreign trade highlight.
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The 8th China International Import Expo (CIIE) is held in Shanghai from Nov 5 to 10, 2025. It attracts 155 countries/regions and 4108 overseas enterprises, showcasing new products/tech, reflecting China’s high-level opening-up and sharing opportunities with the world.
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The 8th China International Import Expo (CIIE) launched related activities in Shanghai with record exhibition area and exhibitors. Foreign enterprises and reps express confidence in China's high-level opening up, viewing CIIE as a key global cooperation platform. China's 15th Five-Year Plan's focus on opening up further boosts their optimism for China's next five-year development.
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The 138th Canton Fair closed in Guangzhou on Nov 4, attracting over 310k overseas buyers (new high), with Belt and Road buyers up 9.4% and over 60% transactions from them. It had 632 new product launches, 20% new/green/IP products, and innovative upgrades like QR code certificates and navigation system.
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Established on Nov 1, 2023, China (Xinjiang) Pilot Free Trade Zone boosts Xinjiang's foreign trade (20%-30% annual growth), enhances logistics efficiency (port clearance up 80%), promotes institutional innovation (e.g., "three-in-one" review, "two countries two parks"), attracts enterprises, and advances a new Silk Road story.
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King Felipe VI of Spain pays his first state visit to China since accession (second Spanish king's visit in 18 years), accompanied by Queen Letizia etc. Chinese leaders will meet him to discuss bilateral/international issues. The visit focuses on politics, economy, culture, with agreements to open Chinese market; he will attend economic forums. Spain actively strengthens China ties despite US warnings, with Chinese projects landing.
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中国新发展理念驱动新能源汽车等产业突破,推动高质量发展,十四五成果显著,十五五规划突出该理念,助力经济转型与共同富裕,获国际认可。
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