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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 »

Bank of China unit fined $1.27million in Hong Kong

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HONG KONG: Hong Kong’s securities regulator has fined a unit of Bank of China HK$10 million ($1.27 million) for failing to follow guidelines on sale of investment products. The Securities and Futures Commission (SFC) said that Bank of China International Securities failed to properly assess some of its clients’ risk tolerance levels, or to ensure that its recommendations to clients ... Read More »

China customs lifts suspension on Tesla Model 3 imports

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BEIJING: China’s customs authority has lifted its suspension on imports of Tesla’s Model 3, an official in the authority’s news department told Reuters on Thursday. “We can confirm that the warning notice on Tesla has been canceled,” said the official, who only gave his surname as Tao. Tesla declined to comment. Two sources familiar with the matter told Reuters earlier ... Read More »

US-China trade tensions to hammer air cargo

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SINGAPORE: Trade tensions between the US and China will hammer air cargo this year, an industry body warned Tuesday, the latest sign the tariff slugfest is damaging the global outlook. The world’s top two economies have been locked in a trade war since last year, swapping tit-for-tat duties on goods worth hundreds of billions of dollars and sending markets into ... Read More »

China spreading ‘positive news’ of strong export rebound in early March after February plunge

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China’s unusual advance release of trade data in early March was a bid to spread “positive news that could help shore up confidence” after exports in February posted the steepest drop in three years, analysts said. Exports in the first nine days of March surged 39.9 per cent, compared with the same period last year, according to detailed data released ... Read More »

Tesla Working to Resume Model 3 Imports Post China Customs Hiccup

A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson

Tesla has said that it was working to resume imports of its new Model 3 sedan in China after the company said a labelling hiccup caused problems with customs. Elon Musk’s electric car firm denied the issue would impact sales of the vehicle in China, a key market for the automaker as it faces a battle to control costs and ... Read More »

China Customs Says It’s Working With Tesla to Resolve Model 3 Holdup

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China’s General Administration of Customs (GAC) has announced that it’s overseeing Tesla’s rectification of incorrect labels for the 1,600 imported Model 3 cars currently being held by Shanghai port authorities. The GAC said the cars will only be allowed into the country if they meet China’s standards for entry into its market. Shanghai Customs says some of the vehicles lack ... Read More »

China agrees to Tesla remedy for Model 3 customs block: source

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BENGALURU : China’s customs authorities have accepted Tesla Inc’s plan to remedy problems with the clearance of imported cars, a source familiar with the matter told Reuters on Tuesday. Financial publication Caixin reported earlier that authorities had suspended customs clearance for the electric carmaker’s Model 3 sedans, citing various irregularities, including improper labeling of the vehicles. The source did not ... Read More »

China customs testing coal imports for environmental reasons

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BEIJING (Reuters) – China’s customs administration is testing coal imports for reasons including environmental protection, a foreign ministry spokesman said. Spokesman Geng Shuang made the comment at a regular press briefing in response to a question about a ban on imports of Australian coal. Reuters earlier reported that China’s northern port of Dalian had banned imports of Australian coal indefinitely. ... Read More »

Freight train launched in central China

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Zhengzhou: China added a new route to its China-Europe freight train service, as a freight train made its maiden trip from Zhengzhou for Liege in Belgium. The service exclusive for cross-border e-commerce is the first of its kind departing from the capital of central China’s Henan Province. According to Zhengzhou International Hub Development and Construction Co. Ltd., it is the first ... Read More »

China Imports First U.S. Crude Oil In Months

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A tanker capable of carrying up to 600,000 barrels of oil is discharging U.S. Eagle Ford crude oil into China’s eastern port of Qingdao on Friday, Reuters reported, quoting Refinitiv ship-tracking data and trade sources, in what would be the first Chinese import of American crude oil in months. The Aframax tanker the Kara Sea is discharging the light crude ... Read More »

China urges Australia to offer fairness to Chinese firms

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BEIJING, : China on Friday urged Australia to abandon ideological bias and provide an environment of fair competition for Chinese companies. Foreign Ministry spokesperson Lu Kang made the remarks at a routine press briefing when asked to comment on media reports that Australian Foreign Minister Marise Payne had reiterated keeping Chinese telecoms giant Huawei out of Australia’s 5G network infrastructure ... Read More »

China top ten wine importing countries in 2018

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Shanghai : The newly released figures from the China Association Of Imports And Export Of Wine & Spirits (CAWS) showed that the country’s overall wine imports in 2018 dropped 8.26% in volume to 687.5 million litres, while its import value remained more or less the same with a 2.12% increase to US$2.85 billion, with exports hit by the country’s slowing ... Read More »

China’s Jan LPG imports rise 23% on month to 1.78 mil mt, fall 9% on year

FILE - In this Feb. 23, 2015 file photo, container ships wait to be unloaded at the Port of Los Angeles. China has raised tariffs on $60 billion of U.S. imports in an escalation of their trade battle following a deadline for President Donald Trump’s latest increase. (AP Photo/Nick Ut, File)

China imported 1.78 million mt of LPG in January, up 23.3% from December but down 9% year on year, latest General Administration of Customs data showed Tuesday. The country exported 81,657 mt of LPG in January, down 17.2% on month and down 16.7% on year. As a result, China’s net LPG imports were up 26.3% on month at 1.7 million ... Read More »

China January soybean imports from U.S. nearly double vs. December: customs

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BEIJING : China’s imports of U.S. soybeans nearly doubled in January from the previous month as cargoes booked after a Sino-U.S. trade truce arrived in the world’s top oilseed importer, according to Chinese customs. China brought in 135,814 tonnes of U.S. soybeans in January, up 95 percent from 69,298 tonnes in December. But the figure was still down 99.7 percent ... Read More »

China says coal handling delayed by environmental checks

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WELLINGTON, New Zealand : China reported delays in handling of coal shipments from Australia were due to stepped up inspections to protect the environment. “In recent years, China Customs has found that some of the imported coal didn’t meet our environmental protection standards when it carried out inspection and testing on safety and quality risks of the imported coal,” Foreign ... Read More »