China Extends Preferential Tariffs to Ten More Countries
China's Customs Tariff Commission announced that it will grant zero tariffs on imports from 10 more Least Developed Countries (LDCs), covering 98% of items in the tariff schedule, effective on December 1.
After State Visit, Germany Rejects Chinese Investments in Two Chipmakers
Media reports indicate that the German government has blocked Chinese investments in two domestic semiconductor producers, based on concerns about national security, in particular the transfer of technological know-how.
Taiwan Announces Investments in Lithuania as New Trade Office Opens in Taiwan
Taiwanese officials gave a recent update on the progress of financial support and government efforts to bolster investment and trade with Lithuania, as the two sides pursue closer diplomatic ties. So far this year, bilateral trade between the two has mostly remained flat (with 1% growth) compared to last year.
BYD Raises Concerns with U.S. Electric Vehicle Tax Credit Conditions, Pushes for Flexible Interpretation
Under the U.S. Inflation Reduction Act (IRA) signed into law this year, tax credits are available for purchases of electric vehicles, but they are subject to various conditions related to the place of assembly of the product and the national origin of its components. Chinese electric vehicle producer BYD
China Allows Imports of Dried Melon from Uzbekistan
China's Customs recently announced that dried melon from Uzbekistan is now allowed to be sold in China, as more agricultural products from the nation are expected to be allowed in the near future.
At WTO Meetings, Governments Raise Subsidy Issues Related to Overcapacity, Transparency; Chinese Nominee to Subsidy Position Blocked
At meetings of the WTO's Committee on Subsidies and Countervailing Measures in April, a number of issues related to Chinese subsidies and state-owned enterprises were discussed; China raised concerns about other governments' use of countervailing duties; and there was disagreement about the possible appointment of a
China's October Data Shows Contracting Trade
China's trade data for October contracted in both directions when measured in US dollars, further darkening the economic outlook. Despite the downward trend, China's growing trade with ASEAN indicates a more integrated regional trade pattern.