Foreign Trade Updates
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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The 8th China International Import Expo (CIIE) will be held in Shanghai from Nov 5 to 10. It has 155 participating countries/regions/organizations and 4108 overseas enterprises, with new features like least developed countries zone. It showcases China's high-level opening up and global enterprises' confidence in the Chinese market.
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Garibaldi Toshil (Indonesian Chamber of Commerce China Committee Chairman) discusses the China-ASEAN FTA 3.0 Upgrade Protocol, Indonesia-China cooperation in digital/green economy, RCEP's impact, the "Two Countries Two Parks" project, and the 8th CIIE's value for SMEs, emphasizing mutual benefit and regional stability.
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On October 29th, China's General Administration of Customs Director Sun Meijun met with Russian Agriculture Minister Lute. They discussed implementing China-Russia head-of-state consensus, deepening customs inspection/quarantine cooperation, promoting agricultural trade, and reaching consensus on Belt and Road-Eurasian Economic Union strategic docking. Relevant officials attended.
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On October 27, 2025, Australia's Anti Dumping Commission maintained anti-dumping measures on Chinese wire rod via final anti-circumvention determination. It also reviews the timeline of related anti-dumping/anti-circumvention investigations (2015 initiation, 2016 final ruling, 2020 sunset review, 2024 anti-circumvention probe) involving InfraBuild and specific customs codes.
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The CPC Central Committee held a press conference on Oct 24 to introduce the 20th CPC Central Committee Fourth Plenary Session spirit, expounding on high-level opening up's significance and the 15th Five-Year Plan's four opening-up arrangements (independent opening, trade innovation, two-way investment, high-quality Belt and Road) to advance modernization.
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On October 24, 2025, the Australian Anti Dumping Commission initiated anti-dumping/countervailing investigations against Chinese flat rolled steel and anti-dumping against Korean flat rolled steel (specified specs, customs codes). Investigation periods: July 2024-June 2025 (anti-dumping), July 2021-June 2025 (damage). Stakeholders submit by Dec 1, 2025. Reports due Feb 11, 2026 (basic) and Mar 30, 2026 (final).
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This Thursday, China and Europe will hold rare earth talks in Brussels amid Europe's supply crisis hype. China, top rare earth producer/exporter, says export control supports industry upgrade and global obligations, with EU benefiting from its exports. Europe's anxiety stems from cognitive bias; China urges rational ties for supply chain stability.
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Zhu Hexin (SAFE) announced 9 trade innovation policies, cross-border fund integration measures, forex reforms in FTZs, noted 2024 forex market growth, and future plans for convenient forex management and RMB internationalization.
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On October 21st, Hangzhou Customs, Ningbo Customs and Yiwu Government announced a collaboration mechanism to enhance Yiwu enterprises' compliance and facilitate export clearance. The three parties will establish a working group, deepen five-area cooperation, optimize port processes, and support Yiwu's small commodity trade (458.38b yuan exports Jan-Sep, up 29.4% YoY). Customs launched measures like "inspection before shipment" and smart supervision.
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From Oct 25-26 local time, China and the US held economic and trade consultations in Kuala Lumpur, reaching preliminary consensus on multiple key trade issues. The two sides will fulfill respective domestic approval procedures next, having discussed issues like US 301 measures, tariff suspension, fentanyl, etc. Li Chenggang noted both sides respect each other and will strengthen communication, expressing gratitude to Malaysia.
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From Oct 25-26 in Kuala Lumpur, Chinese Vice Premier He Lifeng held China US economic and trade consultations with US officials. Guided by heads of state consensus, they exchanged on trade issues, reached basic consensus, and agreed to further details and domestic procedures. Both emphasized mutual benefit and stable bilateral economic and trade relations.
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On local 26th, Canadian PM Carney (visiting Malaysia) responded to US-Canada trade issues: Canada will double non-US exports (over CAD 300b in a decade), invest domestically, and continue US trade talks. Trump announced 10% extra tariff on Canada on 25th; Carney noted Canada faces critical moment due to US tariff changes (1930s Great Depression level), needing economic strategy shifts.
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China's light industry (world's largest producer/exporter) achieved significant 14th Five-Year Plan progress via intelligent upgrading, green transformation, and innovation. It expanded markets (BRI, domestic) and targets enhanced innovation, brands, and sustainable development in the 15th FYP.
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Sun Meijun, Customs DG, visited Zhengzhou Customs and Lushan County to promote the 20th CPC 4th Plenary Session spirit, implement customs priorities (opening up, trade, security) and rural assistance (poverty alleviation consolidation, rural revitalization). Met Henan officials.
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