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In the first half of 2024, Chinas total import and export value of goods trade increased by 6.1% year-on-year, with mechanical and electrical products accounting for 58.9% of exports. Private enterprises showed rapid growth in import and export, reflecting stable and positive trends in foreign trade.
Despite ongoing sanctions, Russias steel exports to the EU hit a two-year high in May, with significant import increases in Italy and the Netherlands, Spain resuming imports—a game between market demand and political pressure.
In the first half of 2024, countries including China, South Korea, and Vietnam achieved significant growth in goods imports and exports, indicating a gradual recovery in the global economy and a rebound in international market demand.
EU member states are divided on imposing tariffs on Chinese electric vehicles, with Germany abstaining, Italy and Spain supporting, and other countries stances unclear, impacting China-EU trade relations.
The Shanghai Airport Group has released a pilot plan to optimize the transportation process of cross - border e - commerce goods, improve transportation efficiency and safety, and consolidate Shanghais position as an international air cargo hub.
simplifying the import procedures and helping to improve trade efficiency.
: The United States and Mexico have implemented new measures to set limits on Chinese steel and aluminum products to prevent circumvention of US tariffs through Mexico, affecting the global trade pattern and the economic relations among China, the United States, and Mexico.
In response to the EUs decision to impose 37.5% tariffs on Chinese EVs, Chinas Ministry of Commerce launched an investigation to assess potential trade barriers, affecting multiple industries and potentially impacting Sino-European trade relations.
Russia implements parallel import policy to counter Western sanctions, legalizing unauthorized imports to alleviate product shortages, reduce costs, and anticipates policy optimization and market adjustments.
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PSB Record: Shanghai No.31011502009912
