A new survey by Alibaba shows that European businesses see exports as way to overcome domestic pressures. However, potential drags on exports include supply chain snarl-ups, red tape and cultural challenges Seven in ten European businesses expect their exports to grow next year, a welcome boost to revenues at a time of rising costs, according to a new survey. At a time of economic uncertainty and rampant inflation, just under …
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Despite challenges like the lengthy Covid-19 lockdown in Shanghai, UK exports to China proved resilient in the second quarter of 2022, with many UK regions reporting record export growth, according to CBBC’s China Trade Tracker. Here are the latest UK-China trade statistics Parts of the UK saw a strong recovery in trade with China in the second quarter of 2022 as its economy recovered from severe lockdowns earlier in the …
Despite challenges like the lengthy Covid-19 lockdown in Shanghai, UK exports to China are proving resilient, with many UK regions reporting record export growth, according to CBBC’s China Trade Tracker. Here are the latest UK China trade statistics In 2021, China was the UK’s third largest trading partner, after the US and Germany. It was the UK’s sixth largest export market for goods and the single largest source of imports. …
More than two years into the Covid-19 pandemic, the cost of shipping still remains many times higher than pre-pandemic rates. Although there is hope the situation will stabilise soon, ongoing lockdowns in Shanghai could continue to push costs up, writes Gary Wilcox, CEO at JAG UFS Surprisingly, when the pandemic first hit the UK in March 2020, shipping companies did not immediately follow the increase in airfreight charges with their …
The China Trade Tracker, a new quarterly publication offering expert insight into UK-China trade, shows that over the past decade, UK exports to China have more than tripled to over £30 billion, making China the UK’s third-largest trading partner The October 2021 edition of the report brings together official HM Treasure and the Office for National Statistics data with CBBC expert analysis to highlight key trends and themes of the …
China’s trade figures for August are out and are surprisingly positive. According to the country’s customs administration, Chinese exports rose 25.6% year-on-year, to £212.6 billion, up from July’s 18.9% growth Imports also increased 33.1% to £170.5 billion, up from the previous month’s 28.7%. In RMB terms, imports from the UK grew 19.8%, while exports to Britain saw an increase of 18.7% in the first eight months of 2021 compared to …
- Food and Drink
What do new regulations mean for overseas food exporters to China?
by Ran Guoby Ran GuoThe General Administration of Customs of China (GACC)’s new order on imported overseas products comes into effect on January 1, 2022. In order to meet the new policy requirements, overseas food brands will need to make hasty adjustments to their product packaging – is there time? And could cross border e-commerce channels be the answer? Frank Ren of RedFern Digital explains Once the administration of Order No.248 (hereinafter referred to …
Strong post-pandemic demand for goods continues to drive the growth of China’s exports, although analysts predict that trade growth may slow in the second half of 2021 Chinese exports grew 32.2% year on year in June, exceeding some forecasts by nearly 10%. The increase was driven by strong demand for both materials and consumer goods as many countries around the world, including the UK, ease Covid-19 lockdown measures as they …
Using case studies including Apple, Uniqlo and Dyson, among others, Yuqing Xing’s new book explores how global value chains have offered an alternative path for China to achieve industrialisation, turbocharging the economic learning curve. Paul French finds out more. On a surface level, it’s a well-known story: over the last quarter century, China has emerged as the world’s largest exporting nation with more than £1.4 trillion GBP of exports annually. …
Joe Biden’s USD 1.9 trillion stimulus package will further boost Chinese exports to the US, but a stronger dollar could also increase costs for commodities and foreign investment in China, writes Torsten Weller. US President Joe Biden has achieved his first major legislative success, after signing a huge USD 1.9 trillion stimulus package into law on 11 March. The bill includes direct payments of up to USD 1,400 to American …