Huan Zhu
Trade in Travel Service Rebounds Quickly in China; More Focus on Services Trade
Data from China's Ministry of Commerce (MOFCOM) shows that over the first ten months of 2023, services trade totaled 5.34 trillion yuan (about US$750 billion), with imports growing nearly a quarter, thanks to the recovery of travel services. Meanwhile, Beijing is trying to expand digital services
China and South Korea Agree on Export Control Communication Channel and Supply Chain Hotline
The trade ministers of China and South Korea met today in Beijing to discuss ways to "expand[] bilateral economic cooperation," including creating communication channels for export controls and supply chains, as well as continuing trade and investment negotiations.
New Chinese SPS Requirements for Food Imports in November
In November, China's Customs agency issued sanitary and phytosanitary (SPS) measures for various goods from Colombia and Chile after state visits by their presidents, as well as aquatic, dairy, and animal products from a few other nations.
MOFCOM Comments on Australian Wine, Graphite Export Controls, China-Japan-South Korea Trade Talks
At today's press conference, the spokesperson for China's Ministry of Commerce (MOFCOM) confirmed that a review of the anti-dumping and countervailing duties on Australian wine has begun, and also commented on the status of license applications for graphite exports, for which the new rules are coming
Lithuania's Exports to China Recover To Some Extent
Lithuanian Foreign Minister Gabrielius Landsbergis said in a recent interview that "most of the economic pressure measures [from Beijing] against Lithuania have been lifted." A deeper dive into its trade data with China indicates that while there has been a partial recovery from the trade disruptions of last
Beijing Approves Broadcom Acquisition with Strings Attached
Last week, the Chinese market regulator conditionally approved Broadcom's US$69 billion acquisition of software vendor VMware. The reasoning and conditions are summarized below.
China, Uruguay Sign Deals on Trade and Investment, Agree to Work on FTA
Uruguayan President Luis Lacalle Pou and four ministers finished a state visit to China last week. During the meetings, the two governments signed over 20 deals on the Belt and Road Initiative, trade, and investment.