Trade Trends News

NEW | August 28th Frontline Updates on Foreign Trade

     Stay updated with real-time international trade dynamics: Export growth hits annual peak; multiple countries delay regulations, creating opportunities; September shipping costs surge by over USD 1600—stay alert!  

Exchange rate reference (Global Pay Pro): Previous trading day 17:00  

USD to CNY: 7.1570 (Market reference rate: 7.1434)

I. Key Focus Areas in Foreign Trade Today

1. Export growth reaches a new annual record, overseas demand continues to rise steadily  

  •According to the latest statistics from the China Council for the Promotion of International Trade (CCPIT), the number of various certificates issued by the national trade promotion system in July increased by 10.82% year-on-year, indicating that China’s foreign trade export growth has reached its highest level this year.  

  ★ This reflects that international demand for Chinese manufacturing remains strong. Enterprises can leverage the traditional peak season in the second half of the year to actively explore markets in the Belt and Road Initiative and RCEP regions.

2. Multiple countries postpone technical regulations, some industries gain adjustment windows  

  •The Eurasian Economic Union has announced the postponement of certain energy efficiency technical regulations until 2028, covering products such as lighting, home appliances, and servers; Brazil has delayed the implementation of smart home device safety standards until 2026; Kuwait and South Korea have also updated lighting energy efficiency and imported food hygiene regulations, respectively.  

  ★ It is recommended that enterprises closely monitor regulatory changes in various countries, make full use of the policy buffer period, accelerate product certification and compliance upgrades, and seize export opportunities.

3. Shipping costs across the board increase in September, with surprising surges on some routes  

  •Several international shipping companies, including Maersk, Hapag-Lloyd, and CMA CGM, have announced comprehensive peak season surcharges on multiple routes from Asia-Pacific to the Middle East, Africa, South America, and other major markets effective September 1st. The increases range from USD 150 to USD 1600 per large container.  

  ★ Export enterprises should proactively coordinate with logistics service providers to secure space and lock in prices, reasonably assess the impact of freight costs on profits, and avoid losses due to freight rate fluctuations.

II. Overview of Global Trade Information Today

1. International Developments

  •The U.S. preliminarily rules to impose anti-dumping measures on Chinese-produced polypropylene corrugated boxes.  

  •The U.S. issues a final ruling determining the dumping margin of Chinese slag pots at 278.81%.  

  •Turkey launches anti-circumvention investigations on Chinese polyurethane non-woven fabrics and artificial leather.  

  •The Eurasian Economic Union postpones energy efficiency regulations for lighting, home appliances, and servers until 2028.  

   ➩ Relevant enterprises can take this opportunity to accelerate technological upgrades but should still complete certification preparations in advance.  

  •Australia strengthens environmental standards for air conditioning equipment, restricting the import and production of some high-emission air conditioning systems.  

   ➩ Air conditioning exports to Australia need to promptly adjust environmental parameters to ensure compliance with new regulations.  

  •Brazil delays the implementation of smart home device safety standards until 2026.  

   ➩ Enterprises may temporarily postpone production line adjustments but still need to closely monitor the final implementation timeline.  

  •Kuwait updates energy efficiency and labeling technical requirements for lighting products.  

  •South Korea revises import quarantine requirements for specific sanitary control foods.  

  •The EU plans to cancel tariffs on some U.S. industrial goods by the end of this week in response to U.S. demands.  

   ➩ Exports of industrial products to Europe may benefit from tariff reductions, but subsequent negotiation developments  should still requires close attention.

  •The U.S. imports crude oil from Venezuela for the first time since July, at 74,000 barrels per day.

2. Domestic News  

 •The Ministry of Commerce will simplify the zero-tax declaration process for service exports and improve tax refund efficiency.  

 •In 2024, trade between China and member states of the Shanghai Cooperation Organization reached USD 512.4 billion, a record high.  

 •National Bureau of Statistics: From January to July, the total profits of industrial enterprises above the designated size decreased by 1.7% year-on-year.  

   ➩ Manufacturing enterprises should strengthen cost management and promote the transition to high-value-added products.  

 •The Ministry of Commerce plans to introduce policies in September to promote service consumption, covering areas such as home services, health, and senior tourism.  

 •CCPIT: The global economic and trade friction index was 92 in June, still within the medium-to-high range.  

   ➩ Export enterprises should enhance compliance awareness and develop response plans for trade frictions.  

 •The number of various certificates issued by the national trade promotion system in July increased by 10.82% year-on-year, indicating a clear recovery trend in foreign trade.  

   ➩ Enterprises can seize the opportunity of rebounding orders to actively expand export business.  

 •The Ministry of Industry and Information Technology issues the "Guiding Opinions on Optimizing Access Management to Promote the Development of the Satellite Communication Industry."  

 •Ministry of Finance: Starting September 1, Jilin Province will implement a tax refund policy for overseas tourists shopping upon departure.  

   ➩ Cross-border retail enterprises in Jilin can optimize their service systems to attract international tourist spending.  

 •The third batch of national subsidies for trade-in programs is implemented, with new categories such as smart lighting and learning machines included.  

   ➩ Relevant export industries can refer to domestic trends to capture opportunities in green and smart consumption in the international market.

3. Other Briefings  

 •Nvidia’s financial report exceeds expectations, and the company announces a USD 60 billion stock repurchase plan.  

 •The Federal Reserve states that inflation is gradually declining but monetary policy remains relatively tight.  

 •Back-to-school shopping in the U.S. is impacted by tariffs, with prices of stationery and student supplies generally rising.  

 •A Japanese delegation visits the U.S. urging the implementation of a auto tariff reduction agreement.

     These policy releases and market movements will significantly impact the global trade and financial environment. It is recommended that foreign trade practitioners maintain keen insight, scientifically prevent risks, and proactively explore opportunities.