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The Indian government recently decided to waive the import license requirements for personal computer, tablet, and server manufacturers, which is the latest adjustment to the electronics import policy.
It introduces the situation and the reasons behind the decision of the Bureau of Industry and Security of the US Department of Commerce to include 13 Chinese enterprises in the entity list.
On October 17, an important free trade agreement was officially signed between the Government of the Peoples Republic of China and the Government of the Republic of Serbia. This milestone agreement marks a new phase in economic and trade relations between China and Central and Eastern European countries.
After nearly a decade of stagnation, Italys solar PV market is finally showing signs of revival. In 2022, the country added 2.4GW of new capacity, a figure unimaginable in the first decade of the 21st century. In 2023, this number is expected to double again.
According to the latest data from the Shanghai Customs, in September 2024, Shanghais exports to Russia decreased by 4.3% year - on - year and 20% month - on - month, ending the continuous growth momentum since May. Nevertheless, from January to September, the total value of Shanghais import and export trade with Russia still achieved a 13.7% growth, demonstrating the resilience and potential of Chinas foreign trade.
Saudi Arabia is expected to see a 1.6% GDP growth this year, increasing to 4.9% by 2025, making it the fastest - growing economy in the Gulf region. This is mainly due to its diversification strategy, including strengthening the manufacturing, logistics and trade industries, as well as deepening cooperation with China. The establishment of the Saudi - China Special Economic Zone, the continuous increase in bilateral trade volume between Saudi Arabia and China, and the application of the RMB in crude oil settlement and other measures indicate broad prospects for future cooperation between the two countries.
The Canadian government has launched a new procedure allowing enterprises to apply for tariff reduction on imported Chinese electric vehicles, steel and aluminum products, etc., to help enterprises cope with supply chain challenges.
Due to ongoing strikes at U.S. East Coast and Gulf Coast ports, severe congestion has led to significantly prolonged cargo handling times and a sharp increase in vessel wait times, posing serious challenges to the global shipping market. In response, MSC and Maersk recently announced the cancellation of 4 Asia-to-U.S. East Coast and Gulf Coast sailings to alleviate operational pressures caused by port congestion.
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PSB Record: Shanghai No.31011502009912
