Foreign Trade Updates
Fuyang Customs implemented "order reservation" inspection mode and tailored services to help small foreign trade enterprises (shoes/boots) improve customs clearance efficiency and compliance. Shoe export under its supervision increased 17.24% Jan-Aug this year.
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On December 2, 2025, Ningbo Zhoushan Port exceeded 40 million TEUs (joining Shanghai and Singapore). It integrates with local manufacturing (e.g., Ruyi), boosts foreign trade (Zhongji), uses smart/multimodal logistics, and advances digital transformation toward a stronger port.
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Ningbo Zhoushan Port's annual container throughput exceeded 40 million TEUs for the first time, becoming the world's third port to reach this milestone. It has the fastest growth among top global ports in 10 years, driven by emerging markets (Global South, RCEP), product structure upgrading (new energy products), and optimized services (sea-rail intermodal, global routes). Future plans focus on infrastructure expansion and service innovation.
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On November 28th, two fully revolving tugboats built by Rizhao Port Da Shipbuilding Heavy Industry Co., Ltd. successfully departed from Rizhao Port, marking its first domestic fully revolving tugboat export. Equipped with green biofuel-compatible systems, they will improve foreign ports' efficiency. Rizhao Customs ensured smooth clearance via "one ship, one policy", boosting local shipbuilding's international exploration.
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The Customs Law of China has been in effect for one year. Qingdao Customs implemented it, enhanced tax collection, stimulated foreign trade vitality, and optimized services via rule of law building, model innovation and smart empowerment, supporting Shandong's foreign trade quality improvement.
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At the 8th CIIE, 49 global artists' works were bonded-exhibited. Shanghai Waigaoqiao Customs used "authentication traceability" tech, dual supervision, personalized plans, green channels for efficient clearance. Jan-Sept bonded exhibits value hit 10.07b yuan (70% of Shanghai's customs area).
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The Wall Street Journal notes Western companies in China have shifted from cash cows to testing grounds amid intense local competition. They now need localization, faster innovation, and strategic adjustments (e.g., VW's "in China, for China", IKEA's new products). China remains a key market and innovation hub despite challenges.
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Japan's Q3 2024 real GDP declined 1.8% annually, facing internal (weak demand, inflation, structural issues) and external (US tariffs, export shrinkage) challenges. Gaoshi Zaomiao's stimulus may be ineffective; military expansion and Taiwan remarks harm Sino-Japan ties and economic prospects.
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The 11th RCEP Joint Committee meeting focused on promoting new members (e.g., Sri Lanka, Chile) joining amid global supply chain restructuring. RCEP has cross-regional potential, with China-ASEAN as core. China plans four steps to drive its development, addressing US multilateral retreat and geopolitical concerns.
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The new version of the China-Russia bilateral investment agreement officially took effect on December 1, 2025. The old agreement was signed in 2006; the two sides launched upgrade negotiations in 2022 and inked the new version on May 8, 2025 to improve the business environment for investors.
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In 2025, China's economy maintains stable growth amid external uncertainties, with GDP expected to reach 140 trillion yuan. Consumption and real economy are solid, new drivers like quantum tech and aerospace emerge, foreign investment increases, global institutions raise growth forecasts, and high-quality development trend remains unchanged.
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Starting from Dec 1, 2024, China grants zero tariff on 100% taxable products of LDCs with diplomatic ties; in June this year, extended to 53 African countries. The policy boosts China-Africa trade, China remains Africa's largest trading partner for 16 years, with import growth, achieving mutual benefit and reflecting major country responsibility.
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