The annual Christmas season in European and American countries has come and gone, bringing business opportunities and prosperity to the consumer market. But meanwhile, the season reflects the real situation of the global consumer market. So to speak, Christmas is a grand parade of the global economy. Let's have a look at the parade in the European and American markets.
The Customs Tariff Commission of the State Council decided to suspend the additional tariff on US-made automobiles and auto parts for three months from Jan 1 to March 31.
Chinese brands keep expanding in overseas markets and an increasing number of them are becoming global household names and premium labels.
The Global B2C E-commerce Index 2018 was recently released at the United Nations Conference on Trade and Development (UNCTD), with the Netherlands claiming first place. But surprisingly, China and the United States, two largest global e-commerce markets, didn’t find a place in the top 10.
The China-Eurasian Economic Union Economic Cooperation Agreement signed May 17, 2018 will take effect on Dec 6[When?], according to a decision made at the Supreme Council meeting of the Eurasian Economic Commission (EEC).
There is a saying about there being a golden September and a silver October in the textile industry. This means that during those two months, the textile and garment market recovers from the preceding downturn and the number of orders is notably on the rise due to the decreased cotton price and several other factors.
The Ministry of Finance, State Administration of Taxation, Ministry of Commerce and General Administration of Customs recently co-released new tax policies for exported retail goods in cross-border e-commerce comprehensive pilot zones.
The People's bank of China, the central bank, announced a 100-basis-point cut to banks' reserve requirement ratio (RRR) earlier this October to pay back around 450 billion yuan ($65.2 billion) of the medium-term lending facility maturing on Oct 15.