Foreign Trade Updates
Recently, 200 koi fish from Guo Bin's carp farm in Haishu, Ningbo were exported to Malaysia, marking Zhejiang's first koi export. Haishu Customs provided customized assistance like guiding farm registration, interpreting quarantine rules, opening a green channel to ensure smooth customs clearance and high survival rate.
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Recently, the East Africa route of Mediterranean Shipping Company officially opened at Ningbo Zhoushan Port under Beilun Customs supervision, adding a new Belt and Road route. The route deploys 10 4500 TEU ships, links Tokyo to East Africa, and is supported by Beilun Customs' optimized services. Ningbo Zhoushan Port now has 308 container routes (132 Belt and Road).
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Ningbo Zhoushan Port's annual container throughput exceeded 40 million TEUs for the first time on December 2, becoming the world's third and China's second port with such a throughput, following Shanghai Port and Singapore Port.
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Qingdao Qianwan Comprehensive Bonded Zone improves logistics efficiency via customs reforms (e.g., "one line, one ticket, multiple vehicles" model, general taxpayer pilot), sees growing international transit goods, and achieves 107.5 billion yuan in Jan-Oct imports/exports (19.4% YoY growth).
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中国通过更积极财政政策(如1.3万亿超长期特别国债)、适度宽松货币政策等宏观政策,支持经济稳定、民生(育儿补贴等)与科技创新,强化政策协调提升效率,巩固经济积极趋势,保障年度发展目标。
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Fujian's forklift industry sees rapid export growth (2.52B yuan Q1-Q3, 20.2% YoY). Electric forklifts (1.5B yuan, 35.9% YoY) drive growth. EU (650M yuan, 43.4% YoY) and emerging markets (Africa 49.6%, Latin America 32.6%) grow. Xiamen Customs optimizes supervision; Linde (China) exports 540M yuan to EU (37.2% YoY).
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Dalian private enterprise avoided administrative penalty for undeclared imported wooden packaging inspection via Dayaowan Customs' "exemption for initial violations" policy. This policy (for minor, timely corrected non-subjective violations) has benefited 65 enterprises in the first 10 months of this year, optimizing port environment and aiding private foreign trade.
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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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This article focuses on Understanding China through the Guangdong Hong Kong Macao Greater Bay Area (GBA) and high-level opening-up, traces China's foreign trade evolution, analyzes global trade order changes, and proposes GBA-led institutional openness measures for fairer trade.
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