Foreign Trade Updates
According to Yinchuan Customs, Ningxia's foreign trade in the first 10 months of 2025 reached 17.41 billion yuan (up 6.8% YoY). It includes steady growth in all trade modes, private enterprises accounting for 78.1%, growing trade with EU, ASEAN and Belt and Road countries, and significant increases in imports/exports of mechanical and electrical products and agricultural products.
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Eight models of 490 Bridgestone aircraft tires cleared customs quickly at Huangdao Customs via the "one meter multiple use" tax reduction mode, enjoying 76000 yuan reduction. Expanded to aviation maintenance in March 2025, the mode solves ticket-by-ticket audit pain, improving efficiency by over 80%. Huangdao Customs processed 95 exemption forms for 3 enterprises this year, cutting taxes by nearly 1.5 million yuan, and will optimize services further.
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Qingdao Customs launched the "Authorization and Entrustment Agreement" function on Oct 31 to prevent fraudulent use of production enterprises' qualifications for electronic ledgers. As of Nov 17, it intercepted 6 suspected fraudulent enterprises and issued 1099 manual electronic ledgers. This function safeguards legitimate enterprises, improves trade environment, and supports standardized export declarations. Unauthorised enterprises can use the manual issuance module; Qingdao Customs will continue optimizing smart customs for efficiency and compliance.
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Weihai Customs (a subsidiary of Qingdao Customs) seized 500 undeclared infringing Apple iPhone back covers in export shipping channels, confirmed as trademark infringement by rights holders, detained the goods and imposed penalties on involved enterprises, citing China's Customs Law on IP protection.
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On Nov 18, Kunming's regular freight route to Türkiye (Istanbul) officially launched via Changshui Airport—its first all-cargo route to Europe, with 4 weekly flights (55-60 tons each) carrying cross-border e-commerce goods. Customs optimized processes to ensure smooth operation, boosting regional economic trade.
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Shanghai Customs reports Jan-Oct Shanghai-ASEAN trade hit 530.31b yuan (+12.6%), with 159k preferential origin certs issued (+16.3%). Digital services (self-print, 24/7 review) and fresh produce clearance improvements (e.g., Cambodian bananas same-day sale) boosted trade; ASEAN fruit imports rose 9.8x.
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China signed an early harvest arrangement of the Joint Development Economic Partnership Agreement with Congo (Brazzaville) (first African country to do so). China will apply zero tariffs on 100% of its taxable products, complying with WTO rules, to support African countries amid global trade turbulence, demonstrating South-South cooperation commitment.
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Guangxi's actual foreign investment from Jan to Oct exceeded $500m (9% YoY growth), with HK, UK, SG as top sources. Its Pilot FTZ reached over $300m (25.3% YoY), 17 economic zones over $200m (229.3% YoY), manufacturing over $250m (150% YoY). Measures include dual circulation, FTZ upgrade; future plans focus on stabilizing foreign investment.
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On Nov 18-19, China and the Netherlands held consultations on Anshi Semiconductor in Beijing. The Dutch side voluntarily suspended the related administrative order, which China welcomes. However, obstacles like the Dutch court's erroneous ruling remain. Both sides agree to cancel administrative intervention and support enterprises to resolve disputes legally, aiming to restore global semiconductor supply chain stability.
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Li Qiang stated the China-Russia new era comprehensive strategic partnership is high-level; both sides will strengthen bilateral cooperation (economy, energy, etc.), people-to-people exchanges, and collaborate in SCO, BRICS to promote peace and common development.
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Li Qiang said China and Mongolia are close neighbors, maintaining stable friendly ties serves their peoples' fundamental interests. He noted economic complementarity, willing to strengthen strategic docking, expand traditional/emerging field cooperation. Zandenchartres congratulated the 4th Plenary Session of the 20th CPC Central Committee, reaffirmed one-China policy, and expressed willingness to implement consensus, expand mutually beneficial cooperation with China.
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Xinhui tangerine peel, a medicinal and edible treasure, has an industrial chain output value of 26.1 billion yuan. Jiangmen Customs provides whole-process guidance, builds a traceability system, boosting its exports (530 tons Jan-Oct this year, 14% YoY) and supporting rural revitalization.
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