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Chinese police stop smuggling operation that used drone

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Chinese police stopped a smuggling operation that used a zip line and drone to send electronic gadgets, high-end cosmetics and nutricial supplements totaling more than $70.000, from Hong Kong to mainland China. Chinese police said that the zip line and drone made smuggling the items easy. At the Liantang-Heung Yuen Wai Border Control Point between the northeastern New Territories and ... Read More »

Chinese customs seize record smuggling ivory tusks

Seized elephant tusks are presented by Hong Kong Customs in Hong Kong October 20, 2012. Customs officers have made a record seizure of smuggled ivory - with the discovery of more than 1,200 elephant tusks and a batch of ivory ornaments worth more than HK$26 million ($3.3 million) during a joint operation with Guangdong authorities, government radio reported on Saturday. Picture taken October 20, 2012.REUTERS/Apple Daily   (CHINA - Tags: ENVIRONMENT ANIMALS CRIME LAW) NO SALES. NO ARCHIVES. FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. NO ONLINE USE. NOT FOR SALE FOR INTERNET DISPLAY. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS. MANDATORY CREDIT. HONG KONG OUT. NO COMMERCIAL OR EDITORIAL SALES IN HONG KONG. TAIWAN OUT. NO COMMERCIAL OR EDITORIAL SALES IN TAIWAN. TEMPLATE OUT

BEIJING: Chinese customs seized 7.48 tonnes of smuggled ivory tusks during an operation on March 30 this year, the General Administration of Customs (GAC) said in a press release Monday. It is the largest confiscation of smuggled elephant tusks by Chinese customs in recent years, the GAC said. An international ivory smuggling criminal gang was destroyed during the operation. So ... Read More »

National Australia Bank lowers 2019 thermal coal price forecast 7% on China customs delays

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National Australia Bank has dropped its forecasts for thermal coal prices for the months ahead, citing the uncertainty around Chinese trade policy, it said Wednesday. “Chinese thermal coal buyers are reportedly switching to other suppliers, with prolonged delays for clearing Australian coal through customs extending beyond the Dalian port group in recent weeks,” it said in its monthly Minerals and ... Read More »

When is the Chinese trade balance and how could it affect AUD/USD?

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China’s General Administration of Customs will release March month trade balance figures sometime near 03:00 GMT on early Friday. Considering the influence Chinese data have over antipodeans, as the potential for further directives after the US-China trade spat seems to ease. Market consensus favors an increase to $7.05 billion in headline trade balance number compared to $4.08 billion registered during ... Read More »

China cuts controversial tax on personal items bought overseas in move to boost consumption

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Shanghai : The tax rate on products including computers, foodstuffs, gold and silverware, furniture and medicines will be lowered to 13 per cent from 15 per cent Analysts doubt whether the minor tax break will have a material impact on China’s sluggish consumer confidence China has cut a controversial tax on personal items bought overseas, ranging from iPads to books, ... Read More »

Namibia becomes first African country to export beef to China

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Johannesburg, South Africa (ADV) – Namibia on Monday transported the first 21 tonnes of beef to China the world’s largest consumer market, New Era Live reported. The country became the first African nation to export beef to People’s Republic of China and this could be an important market for Namibia as it imports 6.5 million tonnes of beef, 250,000 tonnes ... Read More »

National Australia Bank lowers 2019 thermal coal price forecast 7% on China customs delays

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Brisbane — National Australia Bank has dropped its forecasts for thermal coal prices for the months ahead, citing the uncertainty around Chinese trade policy, it said Wednesday. “Chinese thermal coal buyers are reportedly switching to other suppliers, with prolonged delays for clearing Australian coal through customs extending beyond the Dalian port group in recent weeks,” it said in its monthly ... Read More »

China’s forex reserves continue to grow in March

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China’s foreign exchange reserves rose to 3.0988 trillion U.S. dollars by the end of March, official data showed Sunday. The amount increased by 8.6 billion U.S. dollars, or 0.3 percent from the end of February, according to the State Administration of Foreign Exchange. Having grown for five consecutive months, the forex reserves was slightly higher than the market estimate of ... Read More »

US Business Must Remain Skeptical When Dealing With China

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The press is full of articles about China’s economic success and its aspirations to becoming a world military power. I would like to suggest that a realistic assessment of U.S versus China leads to a more sober conclusion and one that established multinationals need to bear in mind when assessing the risks and opportunities of doing business in China over ... Read More »

India shares with China list of 380 products for exports to bridge trade deficit

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New Delhi: India has identified and shared with China a list of 380 products including horticulture, textiles, chemicals and pharmaceuticals as their shipments hold huge export potential in the neighbouring country, an official said. Increasing exports of these products would help India narrow the widening trade deficit with China, which stood at $50.12 billion during April-February 2018-19. During the period, ... Read More »

China-Russia Trade ‘Not in Line’ With Politics: Global Times

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China, which had its first trade deficit with Russia in 12 years, is pushing for evolution in their economic relationship. “Economic cooperation between the two countries is not in line with their political collaboration,” Xu Jian, vice president of the China Institute of International Studies, told the official Global Times, which tweeted the comment on Thursday. “China and Russia lack ... Read More »

Australian Businesses Optimistic about China, Invested for the Long Term

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The 2019 Australia-China Business Sentiment Survey demonstrates that Australian businesses remain optimistic about staying invested in China despite internal and external challenges. China Briefing breaks down the survey’s key findings. Last week, the Australia Chamber of Commerce in China (Austcham Shanghai), in partnership with Westpac and China Skinny, published the 2019 Australia-China Business Sentiment Survey. The 2019 Survey captures the ... Read More »

The Continued Application of Section 301 Tariffs Puts U.S. Importers at Risk of Customs Audits

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Though the United States and China continue trade negotiations this week it has already been more than a year since the Office of the United States Trade Representative published its findings in the Section 301 investigation of China’s trade practices relating to IP, technology transfer and innovation. The results of this investigation led to increased tariffs on Chinese products. The ... Read More »

East China customs crackdown on charcoal smuggling

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JINAN: Customs officials in the east China port city of Qingdao, Shandong Province, have smashed a charcoal smuggling gang that illegally exported charcoal disguised as garments to Japan and the Republic of Korea. The anti-smuggling police of Qingdao customs have apprehended 11 suspects and seized 100 tonnes of charcoal on the spot. The customs officers said the gang has smuggled ... Read More »

China expands ban on Canadian canola imports to second firm

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China has banned imports from a second Canadian canola firm, its customs administration said Tuesday, the latest escalation in a burgeoning row between the two countries. Following the detection of harmful organisms in canola shipments from Viterra Inc., China’s customs authority has decided to revoke the firm’s company registration and suspend imports of its canola seeds, it said in an ... Read More »

China Feb soybean imports from US rise as trade dispute eased

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BEIJING: China’s imports of soybeans from the United States in February surged from January as the cargoes booked following a truce in the trade war between the two countries arrived, according to customs data published on Monday. China brought in 907,754 tonnes of US soybeans in February, up from 135,814 tonnes in January, the General Administration of Customs said. However, ... Read More »

China’s Feb coking coal imports from Australia fall 21pc

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BEIJING: China’s coking coal imports from Australia slumped 21 percent in February from a year earlier as traders reported lengthy checks on Australian cargoes at several ports. Australian supplies were at 1.16 million tonnes last month, according to data released by the General Administration of Customs on Monday, compared to 1.47 million tonnes in February 2018. Traders have cut purchases ... Read More »

China’s Urad Customs rejects 20,000 t of Mongolian coal

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Shanghai : Chinese Customs officials at Urad Middle Banner, an administrative region in North China’s Inner Mongolia Autonomous Region which borders Mongolia, rejected 182 trucks containing 19,540 tonnes of “unqualified” Mongolia-origin coal during the period between last November 27 and March 9, according to a March 19 report by ‘China Quality News’, a news portal operated by China’s State Administration ... Read More »

Trade conference offers updates on customs policies, China tariffs, cargo insurance

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Shanghai : Industry experts will share their perspectives at the Coalition of New England Companies for Trade (CONECT)’s 23rd Annual Northeast Trade & Transportation Conference, April 9-11 in Newport, R.I., providing information for importers, exporters, and providers of international logistics or trade services. On April 9, opening day attendees have a choice of expert-led workshops on import compliance, export operations, ... Read More »

US Business Groups Encouraged by Prospect of US-China Deal

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WASHINGTON : U.S. business groups said Friday they are encouraged by China’s approval of a new law that loosens restrictions on foreign investment and said it could help smooth the way to a substantive trade agreement between the two countries. China’s ceremonial legislature passed a measure Thursday seeking to prevent Chinese officials from forcing U.S. and other foreign companies to ... Read More »