Foreign Trade Updates
Zhu Hexin, Director of the State Administration of Foreign Exchange, chaired an expanded Party group meeting to convey the Central Economic Work Conference spirit, study and deploy 2026 forex work (start of 15th Five-Year Plan) focusing on high-quality development, institutional opening-up, market stability, supervision, reserves management, and Party leadership.
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On December 17th, 24 hours before Hainan Free Trade Port's closure, the island implements "frontline opening" (Yangpu Port's intelligent clearance) and "second-line management" (Meilan Airport's paperless process). Duty-free policy optimization expands goods scope, boosting trade and benefiting residents.
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Ministry of Commerce of China issues Announcement No.80/2025, final ruling that EU-origin pork and pig by-products are dumped, causing substantial harm to domestic industry. Anti-dumping duties imposed from Dec 17, 2025 for 5 years, with retrospective collection and other provisions.
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Yiwu, once impoverished, evolved into the world's largest small commodity market via innovation, integrity, and government support. It trades with over 230 countries, embraces e-commerce, and plans future development in talent, branding, and digital trade.
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On December 5, 2025, the first batch of imported food and drug substances under the new classification management measures (effective December 3) cleared customs at Zaozhuang Customs (Qingdao Customs), arriving at Tengzhou's spice market. The reform eliminates the need for non-medicinal imports to provide the "Import Drug Customs Clearance Form", solving prior bottlenecks, and Zaozhuang Customs supports local foreign trade development.
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On December 15, 2025, the BRICS Center construction promotion meeting was held in Hangzhou. Li Chenggang emphasized building it as a platform for BRICS economic cooperation, serving national strategy. Lu Shan and Yao Gaoyuan attended. Launched in March 2025, it focuses on SEZ cooperation networks with BRICS and partner countries.
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Shanghai Customs launched efficient one-stop and upgraded "one thing" services (proactive disclosure online, cosmetics sample clearance, debut economy) using blockchain DID, improving efficiency, replicating measures, and releasing policy dividends for enterprises and the public.
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Shanghai Pudong International Airport Customs intercepted 7 passengers smuggling over 4000 Tisypatide injections (valued over 1 million yuan) for profit. The cases have been transferred to the anti-smuggling department for further disposal.
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By November 2025, Hangzhou Xiaoshan Airport’s import-export cargo volume (230,400 tons) exceeded 2024’s full-year total with 10.41% YoY growth. Cross-border e-commerce (70% of exports) drives growth, supported by 7×24 customs clearance, expanded international routes, and growing imports (ASEAN aquatic products, Chilean cherries). Air-to-air transit cuts logistics costs by 35%.
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Fujian Province’s meat exports (280M yuan, +319.4% YoY Jan-Nov 2025) surged, with Russia as top market (140M yuan, +11.8x) and poultry as main variety (240M yuan, +386.4%). Shengnong Group (complete broiler chain) benefits from Fuzhou Customs’ support for market access and safety.
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On December 9th, Sanmenxia Bonded Logistics Center (Type B) was approved (the fifth in Henan). It has port functions, supports 9 core businesses, serves local leading industries, and synergizes with customs clearance modes to improve the opening pattern.
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Minquan Bonded Logistics Center recorded 74.1% YoY import/export growth (1.493B yuan) in Jan-Oct, exports up 85.6% (1.474B yuan). It ranks 2nd in Henan's bonded logistics centers (1st in exports). Refrigeration products (61.8% of bonded exports) and sea-rail intermodal (4471 containers) fuel growth. Zhengzhou Customs issued 9 support measures, with new Thai durian imports.
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