Foreign Trade Updates
Several international organizations (World Bank, IMF, ADB) have raised their 2025 China economic growth forecasts. The Chinese economy shows resilience, supported by fiscal/monetary policies, diversified exports, and domestic demand measures. Long-term potential remains high with tech innovation and policy efforts.
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Since May 9, Daxing Airport's first all cargo charter route has developed steadily, serving over 200 import/export enterprises, cutting delivery time/costs with customs support (24/7 hotline, instant inspection). It operates 3 flights/week, boosting enterprises' overseas expansion and Daxing's economic zone.
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The Ministry of Finance and Commerce will select ~15 pilot cities for international consumption environment construction with central subsidies, focusing on international consumption center cities, precision drip irrigation (foreign payment, multilingual services), filling gaps, and old-new policy synergy to boost inbound consumption.
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Zhengzhou Customs uses rule of law and institutional innovations (green channel, smart supervision, 7×24 appointment) to boost fresh food clearance efficiency, increasing import volume/varieties. It supports Air Silk Road construction, helping Henan build an inland opening-up highland.
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Since 2025, five directly affiliated customs in the Yangtze River Delta have created the "Smart+Yangtze River Delta" brand matrix, innovated supervision and service systems via smart logistics, industrial chain collaboration, and intelligent inspection, boosting regional import-export growth and high-quality integration development.
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On December 4th, Liding Semiconductor Technology Qinhuangdao Co., Ltd. became Hebei's first enterprise registered via the Vacuum Packaging Smart Network Backup Platform, marking progress in Hebei's high-tech goods customs clearance facilitation. The platform supports customs' inspection reform for vacuum-packaged high-tech goods, enhancing efficiency. Hebei customs offers supportive measures; reforms benefited 2594 declarations (1.381b yuan) Jan-Nov, with future plans to boost strategic emerging industries.
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Qianjiang Customs assists Zhejiang’s agricultural and food products (fish, bamboo shoots, bee products) in global exports via precise measures, green channels, and quality supervision. Zhejiang’s Jan-Oct import/export reached 4.6 trillion yuan (5.3% YoY growth).
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Fujian Province’s lithium battery exports grew strongly Jan-Oct, hitting 108.38B yuan (new historical high, 11.3% of total exports). Private enterprises dominated (over 90%), Europe/America were main markets, and Xiamen Customs innovated inspection to boost exports.
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Ningbo Customs released first 11 months' foreign trade data: total import-export 1.32 trillion yuan (up 2.4% YoY). General trade stable, private enterprises active, new three types products export surged significantly.
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Recently, Beilun Customs (a subsidiary of Ningbo Customs) seized over 12,000 infringing goods for the 2026 US Canada Mexico World Cup for the first time; the shipment is being further processed by Ningbo Customs' legal department.
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A company disclosed underreported freight/insurance/misc fees to Qingdao Dagang Customs, with ~$25k underreporting and ~¥74k underpaid taxes. Applying the policy, it avoided penalties and retained high certification. The 2025 GAC Announcement No.194 extended tax exemption period to 1 year. Qingdao Dagang Customs promoted the policy; 172 disclosures Jan-Nov 2025 (1.6x YoY) support enterprise development.
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Recently, the "Tan Xu" ship carrying 71700 tons of coal docked at Putian's Eight Directions Operation Area. Putian Customs (under Fuzhou Customs) used smart telecommunications quarantine mode, completing entry quarantine in 20 mins. This mode (first adopted by some grassroots customs) uses 5G/AI devices for remote operations, improving port clearance efficiency. It covers Putian/Fuzhou/Ningde/Pingtan ports; this year, over 490 inbound ships used it, saving over 5713 hours and over 100 million yuan for enterprises. Putian Customs will optimize policies to support Putian's "billion-ton port" construction.
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On December 10, 2025, China released its third policy document on Latin America and the Caribbean, defining the two sides as a community with a shared future and a South-South cooperation model. It outlines the Five Major Projects, covers multi-field cooperation, and reflects growing mutual trust, people's favorability, and global significance beyond bilateral ties.
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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.
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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。
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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。
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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.
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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.
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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.
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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.
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