Foreign Trade Updates
IMF Managing Director Georgieva stated on December 10 that China's economy shows resilience amid shocks. IMF predicts 5% 2025 growth (0.2pp higher than Oct outlook). China is shifting to consumption-driven growth, with ~30% global contribution expected.
more
美印尼7月达成的贸易协定面临崩溃,印尼称美试图加入侵犯其经济主权的毒丸条款,美指责印尼违约,双方分歧大,美贸易代表Greer本周将与印尼部长会面协商。
more
中国经济展现高质量发展活力,聚焦扩大内需(国内循环)、培育新质生产力、推进高水平对外开放,以超大规模市场等优势应对挑战,为现代化提供支撑,获国际社会认可。
more
On December 10, the National Bureau of Statistics released November price data: CPI rose 0.7% year-on-year (highest since March 2024), core CPI 1.2% year-on-year; PPI increased 0.1% month-on-month (two consecutive months of growth), down 2.2% year-on-year. Drivers include food price shift, seasonal demand, input factors.
more
On December 8th, Haikou Meilan Airport Customs supervised Hainan's first international transit "exchange" business—clothing from Milan changed to a Hong Kong-bound flight. This marks a milestone for Hainan Free Trade Port's air cargo transit innovation. The mode optimizes flight combinations, cuts costs. Customs used customized plans and tech for zero-delay transfer. Future plans include further optimizing supervision to boost the port's gateway role.
more
In 2025, the Northern Regional Joint Cooperation Group held a Customs Health Quarantine Post Training Skills Competition and Port Public Health Emergency Preliminary in Harbin. 8 customs units selected 46 athletes, with written and practical tests. 8 teams won awards; Harbin & Dalian Customs advanced to the national final, aiming to enhance team capability and build a biosafety barrier.
more
Guangzhou Customs seized 8783 grams of marijuana disguised as packaged dried fruit at Baiyun Airport. The drug was found in transit parcels, and customs reminded that drug-related crimes face criminal responsibility per Chinese laws.
more
Recently, 12 Dalian Dayaowan Comprehensive Bonded Zone enterprises applied for destruction of 100 tons expired bonded goods. Dalian Customs launched an intensive ecological destruction mode, saving ~600,000 yuan, marking its official implementation. The mode allows joint applications, one-stop approval, unified destruction by whitelist enterprises, and has an info sharing "order pool" for over 60 enterprises.
more
Recently, Chery Automobile exports cars from Wuhu Port via the river-sea one-port linkage unloading model, cutting logistics costs/time. Wuhu also uses multimodal transport (China-Europe/Central Asia trains), with car exports up 22.9% Jan-Oct this year, supported by optimized customs regulations.
more
This article introduces Yantai Port's bonded blending business covering iron ore, copper concentrate and gold concentrate. Supported by customs policies, it moves mixing to the port, reducing costs for steel mills, upgrading the port, and enhancing China's global mineral supply chain influence.
more
Shanghai Customs reports the "Qiankai Shanghai" route has over 5.35 billion yuan in import/export value (197k tons) since launch, cutting sea freight time to 23 days (saving 20%+ logistics costs), offering fruit green channels, and boosting Chinese car exports to Peru (5948 units by Nov).
more
On Dec 6, the first "Cherry Express" carried Chilean cherries to Guangzhou Nansha Port (first sea-freight batch for 2025-2026 southern hemisphere season in China). Variety Santina, sea freight cheaper/larger capacity than air. Nansha Customs has clearance plans, Nansha is China's largest cherry import port; 19 ships/over 10k containers expected this season, peak around festivals.
more
The Asian Development Bank (ADB) released its 2025 Asian Development Outlook on Dec 10, raising China's 2025 economic growth forecast by 0.1 percentage points. It also predicts Asia Pacific developing economies' 2025 growth at 5.1%, higher than September's 4.8% forecast, citing the region's stable fundamentals amid global trade uncertainty.
more
China's trade surplus exceeded $1 trillion in the first 11 months of 2025 despite US tariff pressure. It offset US export decline via diversified markets (EU, Southeast Asia, Africa), consolidating its manufacturing powerhouse status. Morgan Stanley predicts its global export share will rise, impacting the global manufacturing landscape.
more
Ministry of Commerce: Promote the retail industry to shift towards quality driven and service driven
Vice Minister Sheng Qiuping emphasized retail as a key focus for the 15th Five-Year Plan’s domestic demand system and circulation at Beijing’s National Retail Industry Innovation Conference (Dec 9-10). He noted needs for online-offline integration, network layout, and highlighted MoC’s pilot projects and retail performance since the 14th Five-Year Plan.
more
Lanzhou Customs and Gansu Provincial Administration for Market Regulation jointly established a normalized cooperation mechanism to strengthen regulatory synergy, build a defense line for import-export food and commodity safety, optimize business environment, and support Gansu's open economy development, with cooperation directions including information sharing and law enforcement coordination.
more
Recently, workers assembled an export heater at Fuyun Electric Appliance in Cixi. Cixi Customs under Ningbo Customs guided enterprises to use "advance declaration" to compress clearance time, assisted via work mechanisms, and exempted eligible AEO enterprises from processing trade risk deposits to reduce their financial pressure.
more
Recently, precious art works (including Monet's "Sleeping Lotus Pond" and "Water Lilies") from the Art Museum of Chicago arrived at Ningbo Museum via Yinzhou Customs. The exhibition "Monet's Poetry: East West Aesthetic Dialogue" opens on Dec 5, showcasing over 60 pieces from both museums, with customs providing facilitation measures.
more
Binglun Environmental exported 17 freeze evaporators to Indonesia; Weichai New Energy gained FTA tariff savings via Yantai Customs. Yantai Customs implements green trade facilitation measures to boost enterprises' overseas expansion and green competitiveness.
more
Weihai's Puyuan Food Co., Ltd. achieved the first fish sauce export to the EU, with Weihai Customs' support including EU registration assistance, full-chain supervision, green channel services, and policy guidance to meet EU safety standards and cut clearance time.
more