Chinas cotton imports from Brazil surged 950% YoY in March 2024, driven by multiple factors including price competitiveness and recovering global demand.
The United States Trade Representative announced an increase in tariffs on key Chinese goods, including electric vehicles, batteries, solar cells, etc. China expressed dissatisfaction with this and promised to defend its rights and interests.
In the first four months of 2024, the freight volume of the railway from China to Europe increased by 11% year - on - year. Chinese enterprises such as BYD are expanding in Europe, demonstrating the global competitiveness of Chinese brands.
China Promotes Trade Growth by Introducing AI Equipment and Technology. The Import Value of Automatic Data Processing Equipment Increased by 50% Year - on - Year in the First Four Months of 2024, Demonstrating Chinas Ambition in the Global AI Competition.
The Biden administration plans to raise tariffs on Chinese electric vehicle imports to 100%, with solar products also facing increased tariffs, sparking controversy among industry associations and experts.
In April 2024, Chinas exports to Russia fell by 13.5% to $8.32 billion while imports grew by 19%. US sanctions affected trade settlements as economic interdependence and cooperation between the two countries deepened.
EU officials engage in dialogue with China to protect agricultural exports. China lifts import bans on EU agricultural products, but escalating commercial disputes raise concerns.
The US Department of Commerce Revokes Export Licenses for Qualcomm, Intel, etc. to Huawei, Aiming to Curb Chinas AI Development, Affecting Huaweis Recovery and the US Semiconductor Industry
The EU-New Zealand comprehensive trade agreement takes effect in 2024, projected to increase bilateral trade by 30% within ten years, delivering significant benefits to businesses and consumers in both regions.
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PSB Record: Shanghai No.31011502009912
