Foreign Trade Updates
German Chancellor Mertz concluded his first official visit to China, prioritizing economic and trade cooperation. Accompanied by a high-level German business delegation, he held talks with Chinese counterparts, resulting in over ten commercial agreements. Cooperation expanded to emerging fields like AI and new energy vehicles, reflecting mutual willingness to strengthen bilateral ties.
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On Feb 27, 2026, China’s State Council Tariff Commission announced adjusting tariffs on some Canadian goods (oil residue cakes, peas, lobsters, crab) from March 1 to Dec 31, 2026, per China-Canada leader consensus and relevant laws. No 100% tariff on oil residue cakes/peas; crab faces 25% tariff.
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In January 2026, China had 5306 newly established foreign-invested enterprises (up 25.5% YoY) and actual foreign investment of RMB 92.01 billion (down 5.7% YoY). High-tech industries' foreign investment reached 33.75 billion yuan (up 0.6% YoY, 36.7% of total, +2.3pct YoY). Investment from Germany, Switzerland, Singapore grew 86.6%, 57.4%, 10.9% respectively.
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The EU proposed "Made in Europe" to tackle external competition and internal industrial hollowing, but faces internal divisions and structural problems. Protectionism may not help; open reform is needed for long-term competitiveness.
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Wang Wenshuai (CCPIT) stated that the global economic and trade friction index reached 104 in December 2025; US, EU and India rank top 3, electronics industry leads, and China-related friction index in 19 countries is 106 with US highest.
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The article discusses the dialectical relationship between consumption and investment, emphasizing their positive interaction for China's domestic demand strategy. It notes 2026 economic work prioritizes domestic demand, analyzes the significance, existing room for improvement, and directions to promote a higher-level dynamic balance between the two.
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According to State Administration of Taxation's tax big data analysis, 2025 promoted unified national market. Inter provincial trade sales rose 4.5% YoY (41% of national sales). Key regions had evident radiation effects. Cross provincial trade entities and electronic tax payments grew rapidly.
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Jilin Province’s cross-border e-commerce import/export reached 13.16 billion yuan in 2025 (153% YoY growth) under comprehensive pilot zones. Liu Lifang (Jilin Commerce Deputy Dir) introduced achievements (4 zones top in NE China) and future measures (policy support, overseas warehouses, talent cultivation, inter-departmental linkage).
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During the 2026 Spring Festival, Ningbo Airport’s inbound/outbound passenger flow increased significantly (47.3% year-on-year). Popular destinations include Hong Kong, Macau, Taiwan and Southeast Asia; new visa-free policies for Canadian/British passports took effect, with intelligent customs measures ensuring smooth clearance.
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Ningbo Airport Customs processes departure tax refunds for overseas passengers. During Spring Festival, tax refund business surged (30 batches, 4.249M yuan, sharp year-on-year increases). New "one single package" and "buy and refund" policies enhance convenience; future plans optimize port services for inbound tourism.
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Ningbo's trade with Germany grew in 2025 (96.79b yuan, +14.2%). Ningbo Customs supports enterprises with facilitation measures. Cross-border e-commerce boosts German beauty imports, while Ningbo manufacturing (auto parts, etc.) expands German exports. Both sides deepen industrial synergy for mutual benefit.
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As a core area of the 21st Century Maritime Silk Road, Fujian's ship exports during the 14th Five-Year Plan reached 51.11 billion yuan (up 1.1x), with bulk carriers, container ships as main types. Key markets include Asia, Africa (Liberia), Latin America; state-owned enterprises dominate. Xiamen Customs provides tailored services to boost clearance efficiency.
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On Jan 27, water-water & sea-rail intermodal transport customs supervision pilots launched in Fujian and other regions. The model features "one declaration, one order, one container to the end", simplifying procedures, reducing clearance time by over 30% and logistics costs by over 20%, boosting efficiency.
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On Zhanjiang's South China Sea coast, the golden pomfret harvest peak arrives. Xiahai Customs officers (Jiang Yin, Wang Ziwei) inspect exports to ASEAN. Xiahai Customs and Zhanjiang Agriculture Bureau support exports via service centers, green channels, etc. 2025 Zhanjiang golden pomfret exports reach 14k tons (+19.8%), with officers' dedication ensuring smooth shipments.
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The article introduces Sanmen Island Customs (Shenzhen), a key eastern gateway of the Greater Bay Area. It uses intelligent supervision to boost maritime logistics efficiency, with officers working on the remote island (facing extreme weather) to safeguard border security and support GBA's high-quality development.
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Gongbei Customs' Hong Kong Zhuhai Macao Bridge Customs recently seized 13248 old electronic products in inbound bus passages. Two drivers claimed to transport them for "labor fees". Customs reminded hiding taxable goods constitutes smuggling, with criminal liability for serious cases.
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During the Year of the Horse Spring Festival, cross-border travel in the Guangdong-Hong Kong-Macao Greater Bay Area is popular, with rising passenger flow at Gongbei Port. Duty-free consumption is active, supported by customs' smart supervision, and sales increased 32.53% year-on-year.
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During Spring Festival, the Zhuhai Highway Port of HZMB saw traffic peak. Feb15-22: 175k passenger vehicles (up11.2% YoY), 135k Hong Kong/Macao single license (up16.3%). Feb22 set new highs. Reasons: two-way travel trend; customs measures for efficient clearance. Reminders for travelers.
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Recently, Gongbei Customs (Hong Kong Zhuhai Macao Bridge Customs) seized a cross-border driver hiding 5 pure silver ingots (148.7kg, 999‰ purity) in a Guangdong-Hong Kong bus to smuggle into the country. The driver admitted resale for profit. Customs reminded hiding taxable goods is smuggling, with criminal liability for serious cases.
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During Chinese New Year 2026, Wan Chai Port (Zhuhai-Macao) had rising inbound/outbound passenger flow. Wan Chai Customs provided policy guidance, optimized services (15min peak voyages, intelligent equipment), handling 61k passengers (Feb15-23) with a daily peak of 9223.
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