China to Remove Some Import, Export Tariffs in 2019 Amid Open-Trade Drive

As China further opened up the economy, the Ministry of Finance announced on December 24 that China will cut or scrape import and export tariffs on certain items starting 2019. In an online statement, China...

Brazil Eyes Chinese Market for Export Expansion

China began its policy of reform and opening-up four decades ago, since then, China has managed to achieve glorious economic success, and attracted eyeballs of the whole world. The policy starting in 1978 has played...

China’s Payment Apps, the Nightmares of U.S. Bankers

Many Americans traveling to China will find something unusual: in restaurants, shops and markets, when they are ready to pay, people will take out mobile phones instead of credit cards. Nowadays, the Chinese people...

The 2nd CIIE to Be Bigger and Better in Scale and Products

The 2nd China International Import Expo (CIIE) will be bigger and better in scale and products than the first one last year. Enterprises from all over the world have shown great interest in the...

China Coal Imports Expected to Rise through Winter

Since the winter heating season came this year, China has been suffering an unexpected natural gas shortage, especially in its northern area. For the government's effort to shift from coal to gas as an...

U.S. Steel & Aluminum Tariff Plan Backfires Auto Industry

President Trump has finally nailed it done. On March 8, Trump officially issued the new tariff plan by imposing 25 percent tariff on imports of steel and 10 percent tariff on imports of aluminum....

China May Experience Larger Seasonal Swings in LNG Prices

Chinese government agencies converted tens of thousands of homes and factories from burning coal to natural gas since the end of last year. Beijing’s crackdown on pollution has an immediate effect on cleaner skies,...

2018-2022 China Cross-border E-commerce Transaction Forecast

China has become the largest e-commerce market in the world, accounting for over 40% of the global transaction. Local news released that Chinese cross-border e-commerce transaction reached $1.01 trillion in 2016, the figure surpassed...

Special Notes of China Steel Demand in 2018

China has been world’s largest steel consumer for decades. In 2017, the positive market performance on steel consumption through the year brings 3% to 4% increase of China steel demand. The accelerated pace of China’s...

Chinese Manufacturers Eye Africa to Switch Production

China’s economy is moving to higher-value-added production, and worker’s wages are rising rather rapidly, this drives many low-wage producers, especially those in textile and garment sector to switch production to countries and regions with...

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EU and Japan Sign Free Trade Agreement

The European Union(EU) and Japan signed an agreement on tariff reduction on Tuesday. According to the deal, 99 percent of the tariffs on Japanese...