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India may ban imports of knitwear from China! Currently, the Indian textile industry is facing the dual pressures of slowing export demand and a massive influx of imported fabrics and clothing. According to the All India Knitting Association, imported supply is swallowing up domestic demand. According to a survey conducted by the association...

Maersk lays off more than 10,000 people AP Moller-Maersk Group, one of the world's top ten famous shipping companies, and the world's largest container shipping company seems to be "unable to bear it". In view of the continued downturn in the market, Maersk Group said it will lay off at least 10,000 people...

Overview of New Foreign Trade Regulations in November China adjusted its export control list, including three highly sensitive graphite items; Starting from November 1, the company registration of the origin of exported goods will be cancelled; The General Administration of Customs issued new regulations on proactive disclosure of violations; The U.S. Department of Commerce listed 13...

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The first phase of the 134th Canton Fair came to an end on October 19. As a landmark event for observing China's foreign trade situation, both the industry and the public have turned their attention to Guangzhou, the thousand-year-old commercial capital. Inside the exhibition hall, merchants came in an endless stream and the crowds were bustling. Outside the exhibition hall, the surrounding...

The EU decided to suspend the exemption, and shipping companies suffered a huge blow! From next year, large container shipping companies will no longer enjoy exemptions from European competition rules. The European Commission said on Tuesday that the Consortium Block Exemption Regulation (CBER) no longer promotes competition in the shipping industry...

Overview of new foreign trade regulations in October: The tax policy for cross-border e-commerce export returns will continue to be implemented; the Ministry of Foreign Affairs has optimized the visa application form for foreigners coming to China; Thailand and Georgia announced visa exemption for Chinese citizens; the United States extended the ban on 352 Chinese imports and 77 epidemic prevention products...

Maersk and Hapag-Lloyd announce ETS surcharge standards European shipping companies are beginning to understand that the EU carbon emission regulations scheduled to take effect in January next year will increase shipping costs. The Emission Trading System (ETS) is an attempt by the EU to introduce a carbon dioxide pricing market mechanism to force...

Maersk and CMA CGM reach cooperation! The EU will officially launch the carbon emissions trading system (ETS) on January 1, 2024. The world's two largest shipping giants, Maersk and CMA CGM, recently announced: Take joint action to accelerate the decarbonization of the shipping industry! A Maersk joins hands with France?...

The RMB exchange rate staged a "big counterattack". Affected by the strengthening of the US dollar index, the RMB was under pressure again in early September. Last week, the RMB exchange rate depreciated rapidly. On September 9, the offshore and onshore RMB fell below the 7.36 and 7.35 mark respectively, both hitting a new low in more than 10 years. ...