Foreign Trade Updates
Hainan's New Year holiday after island closure saw surging passenger flow, booming duty-free shopping (double growth), increased inbound tourism, vibrant cultural tourism activities, driven by policy dividends, advancing toward international tourism consumption center.
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In 2025, China's economy was stable and resilient, attracting increased foreign investment (notably in high-tech sectors). Foreign firms expressed strong confidence, with Hainan Free Trade Port launching full operation. China's industrial system and open policies boosted global cooperation, making it a key innovation hub.
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China's 2026 Tariff Adjustment Plan implements lower temporary import tax rates for 935 goods, focusing on industrial upgrading, green transformation, medical livelihoods, and dynamic adjustment. It supports domestic development and global trade inclusiveness amid uncertain global environment.
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This article introduces the flourishing economic and trade cooperation between China and Spain, covering agricultural trade (e.g., bluefin tuna, olive oil), new energy vehicles, green energy projects, and enhanced customs clearance. Bilateral trade grew 9.1% in Jan-Nov 2025, with both sides optimistic about future cooperation.
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The China-Belarus Trade in Services and Investment Agreement, signed on Aug 22, 2024 and effective Jan 1, 2026, achieves high-level openness in services (positive list, 7 key industries) and investment (pre-admission national treatment + negative list), includes other rules, and is China's first FTA with an EAEU member, boosting bilateral cooperation.
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On January 3rd, 2026, the launch ceremony of the 2026 "Buy in China" and Chinese New Year consumption season was held in Shanghai. Officials including Minister of Commerce Wang Wentao attended. The Ministry of Commerce will organize consumption promotion activities (e.g., "TESCO Group New Year") nationwide, with 15 pilot cities participating, aiming to stimulate consumer market vitality.
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China's innovation has accelerated, with its 2025 Global Innovation Index ranking rising to 10th (first top 10, up 25 since 2013). Achievements span AI, quantum tech, space exploration and cultural-tech fusion. Supported by policy, large market and regional clusters, it faces key area dependencies. Future focus is on original innovation for strength and stability.
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The Hong Kong Zhuhai Macau Bridge has evolved into a life integration artery for the Guangdong-Hong Kong-Macao Greater Bay Area, with cross-border vehicle policies (Macau/Hong Kong northbound, Guangdong southbound) driving traffic growth and realizing the "one-hour living circle".
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The RCEP, world's largest FTA, has operated smoothly for 4 years. Ningbo Customs issued over 123,800 RCEP certificates of origin (98% self-service printed, total visa amount >$4.6b). Ningbo enterprises like Dafa Chemical Fiber and Shenghui Plastic benefit from tariff reductions, while Ningbo Customs promotes approved exporter system to help enterprises grasp policies.
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The article introduces the Customs proactive disclosure policy (implemented via 2025 GAC Announcement No.194), allowing enterprises to voluntarily report violations for reduced/waived penalties. Cases from Ningbo, Qingdao and Guangzhou Customs show enterprises avoided penalties, maintained compliance, and promoted high-quality foreign trade development, with benefits like extended exemption periods and targeted policy publicity.
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Ningbo Huasheng Electric Appliance’s insulation boxes enter peak sales with rising exports to emerging markets; Yuyao Customs guides on origin certificates, securing over 1 million yuan tariff benefits; Ningbo’s thermos products export up 10% in Jan-Nov.
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The Regional Comprehensive Economic Partnership (RCEP) has brought significant policy dividends to Shandong enterprises since implementation. By Nov 2025, Shandong issued 777k RCEP certificates of origin (export value 187.24b yuan), featuring tariff cuts, cumulative origin rules, and supply chain optimization across sectors like chemicals, auto, food, and textiles. Qingdao Customs' innovations further facilitate enterprise utilization.
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