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Beef Import in China 2019-2023 – Import Volume Will Continue to Grow


Shanghai : With the development of China’s economy and the improvement of living standards, the demand for beef in China is rising. The upward cattle breeding cost makes it difficult to sharply increase the beef output in China. In response to the growing beef consumption, China is importing more beef. From 2013 to 2017, the beef output volume in China ... Read More »

Cebu Customs on alert vs entry of meat products from China


Shanghai : Ports in Cebu are also now being closely monitored to prevent the entry of contaminated meat products from China and some European countries affected by an outbreak of African Swine Fever. Bureau of Customs-Port of Cebu (BOC-Cebu) Operations Division Chief Reynaldo Leyson was quoted by the state-ran media Philippine News Agency as saying that they will be alerting ... Read More »

Trump’s trade war has an unexpected bonus


Shanghai : A few days before Christmas, the container ship “SM Shanghai” was steaming toward California’s Port of Long Beach. Just ahead and coming to the end of an 11-day journey from China, the “Ever Lucent” was headed for the nearby Port of Los Angeles, where the “Thomas Jefferson” was preparing to sail in the opposite direction for Xiamen. The ... Read More »

Kenyan President Denies China Plans to Seize Port over Delinquent Loan Payments


Shanghai : Kenyatta described China as “a very strong development partner, just as is the World Bank, Japan, France, and Germany.” He said he would continue borrowing as much money as necessary to develop Kenya’s infrastructure, boasting that double the number of Kenyans now have access to electric power thanks to the loans he has taken. SGR refers to the ... Read More »

China Green Light on U.S. Rice Seen as ‘Goodwill’ Trade Gesture


China, the world’s top rice producer and consumer, is allowing imports of the grain from the U.S. in a move seen as “a goodwill gesture” while negotiations continue to resolve a trade war between the two countries. Registered U.S. suppliers can export rice to the Asian country with effect from Dec. 27, according to a statement from China’s customs administration ... Read More »

China’s Exports to Iran Exceeds $8 Million in 2018


Tehran : The latest report by Iran’s Customs puts the country’s non-oil exports in a nine-month period at 86.94 million tons worth $33.358 billion, showing a 5.4% growth compared to the same period last year. From 21 March 2018 to 21 December, Iran imported 23.871 million goods worth $32.620 million, showing a 13.27% decrease in terms of weight and 15.9% ... Read More »

Volume Growth Continues at Nation’s Ports as US, China Resume Trade Talks


The nation’s ports continued to see steady growth in November cargo volume, as shippers moved goods to the United States from overseas in advance of the holiday shopping season and rushed to get cargo stateside ahead of expected tariffs on shipments from China. The South Carolina Ports Authority said its facilities in November handled 188,585 20-foot equivalent units, or TEUs, ... Read More »

Oil Trader Gunvor Pursued by China for Allegedly Evading Tariffs


Gunvor Group Ltd., one of the world’s largest energy traders, was ordered to pay the Chinese government $54 million for import tariffs it allegedly evaded by smuggling oil into the country. Illegal income of 378 million yuan ($54 million) must be confiscated from Gunvor’s Singapore unit and transferred to the Chinese treasury, according to a Guangzhou court ruling dated Sept. ... Read More »

US reviews report of imports from forced labor in China camp


BEIJING : The U.S. government said Tuesday that it is reviewing reports of forced labor at a Chinese internment camp where ethnic minorities are sewing clothes that have been shipped to the U.S. market. U.S. Customs and Border Protection said in a statement that reporting by The Associated Press and other media “for the first time appears to link the ... Read More »

Guangzhou customs crack down on smuggling


Guangzhou: Customs officers in Guangzhou, capital of Guangdong province, earlier this year seized more than 170,000 live aquatic products and 620,000 cans of milk powder. The seizures came as part of a crackdown on two major cross-border, e-commerce smuggling cases. “The two smuggling cases were estimated to be valued at more than 168 million yuan ($24.7 million),” Wu Yongtian, a ... Read More »

China firms up $4.4-B iron, steel project as biggest investment in Philippines


MANILA: The Philippine government on Friday signed a memorandum of understanding with Chinese companies for the joint implementation of the “Philippine Iron and Steel Project” in Misamis Oriental. In a social media post on Friday, Trade Secretary Ramon Lopez said the two-phased project costs $4.4 billion, the biggest Chinese industrial investment in the Philippines to date. The MOU was signed ... Read More »

Exclusive: China’s Unipec to buy U.S. oil after Xi-Trump tariff truce

Donald Trump the campaigner talked tough on China: He threatened to slap tariffs of 45% on Chinese exports, and promised to label Beijing a "currency manipulator."Full credit: Ian Berry/CNNMoney/Shutterstock

BEIJING/SINGAPORE: Chinese oil trader Unipec plans to resume U.S. crude shipments to China by March after the Xi-Trump deal at the G20 meeting reduced the risk of tariffs being imposed on these imports, three sources with knowledge of the matter said. The sources told Reuters that Unipec – trading arm of state refiner Sinopec (600028.SS) – is looking to import ... Read More »

China Defrauded Sri-Lanka To Seize Hambantota Port: US Lawmaker


Colombo : Sri Lanka was forced to hand over the strategic Hambantota Port to China, due to Beijing’s debt-trap policies. This was stated by a powerful US lawmaker on Tuesday sought an end to the Chinese debt trap. China was defrauding small countries with nonviable infrastructure projects and was charging exorbitant rates that the poor countries could not afford, alleged ... Read More »

China’s CSP, Abu Dhabi Ports launch new terminal


Abu Dhabi : China’s COSCO Shipping Ports Limited (CSP) and Abu Dhabi Ports inaugurated on Monday a new terminal at Khalifa Port. The terminal was formally inaugurated at a ceremony by Sheikh Hamed bin Zayed Al Nahyan, chief of Abu Dhabi crown prince’s court. The ceremony was also attended by Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, chairman of ... Read More »

China export growth slows in November: Customs data


China’s export growth slowed last month weighed down by slowing global demand and trade tensions with the United States, official data released Saturday showed. Exports rose 5.4 per cent for November on-year, short of the 9.4 per cent forecast by Bloomberg News, while imports rose 3.0 per cent on-year, also below the forecast, according to customs administration data. China’s overall ... Read More »

Vietnam, China deepen agricultural cooperation


Shanghai : Vietnamese Deputy Minister of Agriculture and Rural Development Tran Thanh Nam on December 3 had a meeting with Chinese Deputy Minister of Agriculture and Rural Affairs Qu Dongyu, during which they expressed their delight at the sound collaboration between the two ministries across the fields of plantation, husbandry and aquaculture. Discussing measures to develop agriculture and rural areas ... Read More »

China’s import, export figures running ahead of last 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)

Shanghai : China’s trade volume from January through mid-November surpassed the full-year value for 2017, setting the stage for another record year in spite of rising challenges, customs figures showed on Saturday. The General Administration of Customs (GAC) said the value was nearly 15 percent higher than the same period of 2017, without providing detailed figures. Foreign trade stood at ... Read More »

China Oct alumina exports to Iceland top 100,000 T -customs


BEIJING: China sent 102,100 tonnes of alumina to Iceland in October, according to data released by the General Administration of Customs on Monday. The Nordic country, where companies including Alcoa and Rio Tinto have aluminium smelters, was the biggest recipient of China’s booming alumina exports last month, the data showed. China in October exported a total of 460,072 tonnes of ... Read More »

China’s icebreaker Xuelong makes port call at Australia’s Hobart


Sydney: The icebreaker, also known as the Snow Dragon, is on China’s 35th Antarctic research expedition. During the stay in Hobart, the research team will upload supplies including fuel and food, as well as some research equipment, said Han Yanji, an official in charge of general management of the Antarctic mission. Some 26 researchers will also board the vessel here, ... Read More »

U.S. Sanction Waivers Boost China’s Demand For Iranian Oil


Shanghai : Iran’s largest oil customer China is set to continue importing robust volumes of Iranian crude at least through the end of this year thanks to the U.S. waivers to eight countries that will allow them to keep importing oil from Tehran at reduced volumes until early May next year. To be sure, even before the U.S. granted the ... Read More »