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Industry Trends

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Vietnams Textile and Footwear Orders in the First Quarter of 2023 Decreased by 80%

2024-08-16

On the second anniversary of U.S. President Joe Bidens Inflation Reduction Act and CHIPS and Science Act, many large-scale projects face delays or stagnation, with nearly 40% of projects behind schedule. The manufacturing reshoring plan has encountered setbacks, and policy implementation faces multiple challenges, including market and political uncertainties.

Challenges Facing U.S. Manufacturing Reshoring Plan

2024-08-15

Recently, data from Freight Waves SONAR, a provider of supply - chain heat maps, showed that the number of ocean - freight arrival orders in April decreased by half year - on - year, which has raised market concerns about a further slowdown in the US economy.

Announcement of New Safety Standards for Exporting Button Batteries and Related Products to the U.S.!

2024-08-15

Recently, the U.S. Consumer Product Safety Commission (CPSC) issued a Notice of Proposed Rulemaking (NPR) concerning safety standards for button batteries and related consumer products. This new requirement aims to eliminate or sufficiently reduce the hazards of children aged 6 and under ingesting button or coin batteries, and will be implemented on button batteries and related products exported to the U.S.

Newly revised energy efficiency standards for kitchen stoves, ovens, and other household appliances exported to the U.S.!

2024-08-15

On February 1, 2023, the US Department of Energy issued an announcement announcing revisions to energy conservation standards for consumer conventional cooking products, primarily involving kitchen stoves, ovens, etc. The new standards have several major changes compared to the current standards.

What Are the Latest Standards for Food Exports to Japan?

2024-08-15

Japan issues new food safety regulations, cancels mandatory inspection measures for aflatoxin in Chinese edible sea urchins and Sichuan peppercorns.

Freight Rates for Routes from Shanghai to the West and East Coasts of the United States Increase by 30%

2024-08-15

Recently, freight rates for international shipping routes from Shanghai to both the US West Coast and East Coast have risen, with increases of approximately 30% and 20% respectively.

EU Issues First Sunset Review Final Ruling on Anti-dumping Duties for Stainless Steel Butt-weld Pipe Fittings

2024-08-15

On April 14, 2023, the European Commission issued an announcement, making its first affirmative final ruling on the sunset review of anti-dumping duties on stainless steel tube and pipe butt-welding fittings originating from Mainland China and Taiwan, China.

Explosion at BASF chemical plant in Germany shocks global vitamin market

2024-08-15

The 2024 explosion accident at BASFs Ludwigshafen site in Germany disrupted the production of vitamins A and E, leading to tight global supply, soaring prices, and impacts on the Chinese market, where prices doubled, with supply-demand imbalance unlikely to balance in the short term.

17 Departments including the Ministry of Commerce Issued a Document to Promote the High - quality Development of Border (Cross - border) Economic Cooperation Zones

2024-08-15

Recently, the Ministry of Commerce and 16 other departments jointly issued the Notice of the Ministry of Commerce and 16 Other Departments on Several Measures to Serve the Construction of a New Development Pattern and Promote the High-Quality Development of Border (Cross-Border) Economic Cooperation Zones (Shang Zi Fa [2023] No. 18).

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