The share of RMB in Russia's foreign exchange transactions hits a new high
Recently, the Central Bank of Russia released an overview report on the risks of the Russian financial market in March, pointing out that the share of RMB in Russian foreign exchange transactions hit a new high in March. The transaction between RMB and ruble accounts for 39% of the Russian foreign exchange market. Reality shows that the RMB is playing an increasingly important role in Russia's economic development and Sino-Russian economic and trade relations
The share of RMB in Russia's foreign currency is increasing. Whether it is the Russian government, financial institutions and the public, they all value RMB more and demand for RMB continues to increase. With the continuous deepening of China-Russia practical cooperation, the RMB will play a more important role in the economic relations between the two countries.
Economists say UAE trade will continue to grow
Economists said the UAE's trade with the rest of the world will grow, thanks to its focus on developing the non-oil sector, expanding market influence through trade agreements and the resurgence of China's economy, The National reported on April 11. open.
Experts say trade will continue to be an important pillar of the UAE's economy. Trade is expected to further diversify beyond oil exports as Gulf countries identify areas of future growth ranging from advanced manufacturing to creative industries. The UAE is a global transportation and logistics hub and trade in goods is expected to grow this year. The UAE's aviation sector will also benefit from a continued rebound in tourism, especially the long-haul market, which is crucial for airlines such as Emirates.
EU carbon border adjustment mechanism affects Vietnam's steel and aluminum exports
According to a report by "Vietnam News" on April 15, the European Union's Carbon Border Adjustment Mechanism (CBAM) will come into effect in 2024, which will have a severe impact on the production and trade of Vietnamese manufacturing enterprises, especially in industries with high carbon emissions such as steel, aluminum and cement. Influence.
According to the report, CBAM aims to level the playing field for European companies by imposing a carbon border tax on products imported from countries that have not adopted equivalent carbon pricing measures. EU members are expected to start trial implementation of CBAM in October, and it will first apply to imported goods in industries with high carbon leakage risks and high carbon emissions such as steel, cement, fertilizer, aluminum, electricity, and hydrogen. The above industries together account for 94% of the EU's total industrial emissions .
The 133rd Canton Fair Global Partner Signing Ceremony was successfully held in Iraq
On the afternoon of April 18, the signing ceremony between the Foreign Trade Center and the Baghdad Chamber of Commerce in Iraq was successfully held. Xu Bing, Deputy Secretary-General and Spokesperson of the Canton Fair, Deputy Director of the China Foreign Trade Center, and Hamadani, Chairman of the Baghdad Chamber of Commerce in Iraq, signed the Canton Fair Global Partnership Agreement, and the two parties formally established a cooperative relationship.
Xu Bing said that the 2023 Spring Fair is the first Canton Fair held in the first year of fully implementing the spirit of the 20th National Congress of the Communist Party of my country. This year's Canton Fair opened a new exhibition hall, added new themes, expanded the import exhibition area, and expanded forum activities. , more professional and more accurate trade services, help merchants find suitable Chinese suppliers and products, and improve the effectiveness of participation.
The first phase of the Canton Fair has accumulated more than 1.26 million person-time visits, and the results have exceeded expectations
On April 19, the first phase of the 133rd Canton Fair officially closed at the Canton Fair Complex in Guangzhou.
The first phase of this year's Canton Fair has 20 exhibition areas for household appliances, building materials and bathrooms, and hardware tools. 12,911 companies participated in the exhibition offline, including 3,856 new exhibitors. It is reported that this Canton Fair is the first time that China's epidemic prevention and control has resumed its offline holding for the first time, and the global business community is highly concerned. As of April 19, the cumulative number of visitors to the museum has exceeded 1.26 million. The grand gathering of thousands of businessmen showed the unique charm and attraction of the Canton Fair to the world.
In March, China's exports increased by 23.4% year-on-year, and the policy of stabilizing foreign trade will continue to be effective
According to data released by the National Bureau of Statistics of China on the 18th, China's foreign trade maintained growth in the first quarter, and exports in March were strong, with a year-on-year increase of 23.4%, higher than market expectations. Fu Linghui, spokesperson of the National Bureau of Statistics of China and director of the National Economic Comprehensive Statistics Department, said on the same day that China's foreign trade stabilization policy will continue to be effective in the next stage.
Statistics show that in the first quarter, China's total import and export of goods was 9,887.7 billion yuan (RMB, the same below), a year-on-year increase of 4.8%. Among them, exports were 5,648.4 billion yuan, an increase of 8.4%; imports were 4,239.3 billion yuan, an increase of 0.2%. The balance of imports and exports resulted in a trade surplus of 1,409 billion yuan. In March, the total import and export volume was 3,709.4 billion yuan, a year-on-year increase of 15.5%. Among them, exports were 2,155.2 billion yuan, an increase of 23.4%; imports were 1,554.2 billion yuan, an increase of 6.1%.
In the first quarter, Guangdong's foreign trade import and export reached 1.84 trillion yuan, a record high
According to data released by the Guangdong Branch of the General Administration of Customs on the 18th, in the first quarter of this year, Guangdong's foreign trade import and export reached 1.84 trillion yuan, an increase of 0.03%. Among them, exports were 1.22 trillion yuan, an increase of 6.2%; imports were 622.33 billion yuan, a decrease of 10.2%. In the first quarter, Guangdong's foreign trade import and export scale hit a record high in the same period, and the scale continued to rank first in the country.
Wen Zhencai, deputy secretary and deputy director of the Guangdong Branch of the General Administration of Customs, said that since the beginning of this year, the risk of global economic recession has risen, the growth of external demand has slowed down, and the growth of major economies has been sluggish, which has continuously impacted global trade. In the first quarter, Guangdong's foreign trade was under pressure and went against the trend. After hard work, it achieved positive growth. Affected by the Spring Festival in January this year, imports and exports fell by 22.7%; in February, imports and exports stopped falling and rebounded, and imports and exports increased by 3.9%; in March, the growth rate of imports and exports increased to 25.7%, and the growth rate of foreign trade increased month by month, showing a stable and positive trend .
Alibaba's international logistics fully resumed work and the first order of the New Trade Festival achieved next-day delivery
33 hours, 41 minutes and 20 seconds! This is the time when the first goods traded during the New Trade Festival on Alibaba International Station depart from China and arrive at the buyer in the destination country. According to a reporter from "China Trade News", the international express delivery business of Alibaba International Station has resumed across the board, supporting door-to-door pickup services in nearly 200 cities across the country, and can reach overseas destinations within 1-3 working days at the fastest.
According to the person in charge of Alibaba International Station, the cost of air freight from domestic to overseas is generally rising. Taking the route from China to Central America as an example, the price of air freight has risen from more than 10 yuan per kilogram before the outbreak to more than 30 yuan per kilogram, almost doubling, and there is still a growing trend. To this end, Alibaba International Station has launched logistics price protection services for small and medium-sized enterprises since February to ease the pressure on the transportation cost of enterprises. Still taking the route from China to Central America as an example, the total cost of the international logistics service launched by Alibaba International Station is 176 yuan for 3 kilograms of goods. In addition to air freight, it also includes collection and delivery fees for the first and last journeys. "While insisting on low prices, we will ensure that the goods are shipped to the destination country at the fastest speed." The relevant person in charge of Alibaba said.
Post time: Jun-07-2023