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World’s GDP Growth By Region 2022
World economic growth is slowing down and could result in a synchronized recession. Last October, the International Monetary Fund (IMF) predicted that the world economy would grow 4.9% in 2022. After almost two years marked by the pandemic, it was a welcome sign of a gradual return to normality. ...Read more -
The New Rules on General Average Adjustment of the China Council for the Promotion of International Trade
The newly revised General Average Adjustment Rules of the China Council for the Promotion of International Trade will come into effect on September 1, 2022, and the original Beijing Adjustment Rules will be abolished at the same time. Revision of rules, general average system reconstructio...Read more -
Service cooperation promotes development, promotes green innovation and welcomes the future
The 2022 China International Trade in Services Fair, co-hosted by the Ministry of Commerce and the Beijing Municipal Government, was held in Beijing from August 31 to September 5 under the theme “Service Cooperation for Development, Green Innovation and Welcome the Future”. Thi...Read more -
General Administration of Customs: In the first five months of this year, the value of China’s foreign trade rose 8.3 percent year-on-year
According to customs statistics, the value of China’s imports and exports in the first five months of this year was 16.04 trillion yuan, up 8.3 percent from the same period last year (the same below). Specifically, exports reached 8.94 trillion yuan, up 11.4%; Imports totaled 7.1 tr...Read more -
Economic operation of machine tool industry in 2021
In 2021, the first year of the 14th Five-Year Plan, China led the world in epidemic prevention and control and economic development. The economy maintained steady recovery and the quality of development was further improved. China’s GDP grew by 8.1% year on year and by 5.1% on average over ...Read more -
The 2022 Ningxia agricultural reclamation modern agricultural machinery and animal husbandry equipment field demonstration
In order to accelerate the development of modern agriculture, focus on promoting agriculture from increasing production to improving quality, highlighting green, high quality, efficient development, complete the national task of agricultural reclamation to take the lead in expanding soybean oil. ...Read more -
ChinaSourcing launched a new machine tool brand–CSAL
CS Alliance, organized in 2005, which gathers more than 50 manufacturers involved in a wide range of industries. Among these manufacturers, 10 are professional in machine tool industry. So we decided to integrate their product lines and production capacity to offer the customers with the most rel...Read more -
China’s Machine Tool Exports Continue To Maintain Significant Growth
China Machine Tool Industry Association announced on the 3rd the economic operation of China’s machine tool industry from January to April 2022: From January to April 2022, the total import of machine tools was 4.21 billion US dollars, a year-on-year decrease of 6.5%; the total export valu...Read more -
Serve Foreign Trade Enterprises and Make Practical Moves
Recently, the General Office of the State Council issued the “Opinions on Promoting the Stability and Quality Improvement of Foreign Trade”, which clearly put forward 13 policy measures to promote the smooth and smooth transportation of foreign trade goods. Previously, the General Ad...Read more -
Make the machine tool industry more high-end
In 2021, the added value of high-tech manufacturing industries above designated size will increase by 18.2% over the previous year, which is 8.6 percentage points faster than that of industries above designated size. These mean that the transformation and upgrading of China’s manufacturing ...Read more -
Step up the layout and seize the blue ocean market
In Changsha, the capital of construction machinery that shines with stars, Hunan Xingbang Intelligent Equipment Co., Ltd. has become more and more dazzling. At the opening ceremony of the 2022 Beijing Winter Olympics, the Xingbang electric straight-arm aerial work platform helped complete the tor...Read more -
Cultivate new momentum for foreign trade development
Taking advantage of the east wind of the China-Europe train, Xinjiang Horgos Port has become a bridgehead to open up the “Belt and Road” market; vigorously developing overseas warehouses, Zhejiang Ningbo has accelerated the pace of cross-border e-commerce going out… Since the be...Read more