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Made-in-China Tesla to be exported to Europe

By Xinhuanet| 2020-10-21 00:00:00

U.S. carmaker Tesla announced that it would export the made-in-China Model 3 to Europe, marking another important milestone for its Shanghai Gigafactory.The first batch of exported sedans will leave Shanghai next Tuesday and arrive at the port of Zeebrugge in Belgium at the end of November before being sold in European countries, including Germany, France, Italy, Spain, Portugal, and Switzerland."Relying on China's strong industrial chain advantages and advanced manufacturing level, the global competitiveness of the China-made Model 3 is very robust," said Song Gang, manufacturing and operation director of the Tesla Shanghai Gigafactory. "Exporting to Europe means the quality of made-in-China Model 3 sedans has been recognized by the European market."After the production capacity reaches the first-stage target, Tesla can meet the needs of Chinese consumers while providing high-quality products to European consumers, said Song, adding that "the export of Shanghai-made Teslas is an important step in Tesla's global layout."According to Tesla, with the help of governments at all levels, Tesla has overcome the impact of the COVID-19 epidemic as its production and sales work quickly recovered.With the continuous expansion of Tesla's design and R&D team in China, the Shanghai Gigafactory will produce cars that better meet the needs of Chinese consumers, Song said.Tesla officially delivered the first batch of made-in-China Model 3 sedans to the public earlier this year, one year after the company broke ground on its first overseas plant. Enditem

The price index for U.S. imports from China was unchanged in September

By Xinhuanet| 2020-10-16 20:05:58

U.S. import and export prices both rose in September, the U.S. Department of Labor reported on Thursday.The price index for U.S. imports increased 0.3 percent in September, following advances of 1.0 percent in August, 1.2 percent in July, and 1.3 percent in June. Despite the recent increases, overall import prices declined 1.1 percent for the year ended in September. The price index for U.S. imports has not increased on a 12-month basis since January 2020.The price index for U.S. imports from China was unchanged in September, following a 0.1-percent increase in August and a 0.2-percent advance in July. Import prices from China last declined on a monthly basis in May and were unchanged over the past 12 months.Meanwhile, prices for U.S. exports increased 0.6 percent in September, after advancing 3.3 percent from April to August. In September, higher prices for both agricultural and nonagricultural exports contributed to the overall rise.U.S. export prices to China edged down 0.1 percent in September, after advancing 6.4 percent from April to August. The price index for exports to China increased 0.4 percent for the year ended in September. Enditem

Canton Fair commences online in China's Guangdong

By Xinhuanet| 2020-10-15 19:40:45

The 128th edition of the China Import and Export Fair, popularly known as Canton Fair, kicked off online in south China's Guangdong Province on Thursday.It is the second time that the fair has moved online this year due to the COVID-19 outbreak. The previous online session was held in June.The 10-day event has attracted around 26,000 domestic and overseas enterprises, with more than 2.35 million products spanning 50 exhibition areas in 16 categories.Buyers from more than 210 countries and regions are expected to apply for attending the expo and hold purchasing negotiations during the event, according to the organizer.Founded in 1957, the Canton Fair is seen as an important barometer of China's foreign trade.The Chinese government's decision to hold the Canton Fair online under such unique circumstances is conducive to the safe and smooth operation of the international industrial and supply chains and stable foreign trade and investment, said Ren Hongbin, assistant minister of Commerce.The fair can help safeguard the multilateral trading system and promote economic globalization, said Ren. Enditem

China foreign trade up 7.5 pct in Q3

By Xinhuanet| 2020-10-13 16:32:04

China's foreign trade increased 7.5 percent year on year in the third quarter (Q3) of this year, official data showed Tuesday.Exports jumped 10.2 percent year on year while imports climbed 4.3 percent in yuan terms, the General Administration of Customs (GAC) said.The quarterly value of both exports and imports reached a record high in Q3, according to GAC spokesperson Li Kuiwen.In the first three quarters, China's foreign trade of goods totaled 23.12 trillion yuan (3.44 trillion U.S. dollars), up 0.7 percent year on year, reversing declines reported in the first two quarters when the country's foreign trade was weighed down by the COVID-19 pandemic.The Association of Southeast Asian Nations remained China's largest trading partner during the period, followed by the European Union and the United States, while trade with countries along the Belt and Road went up 1.5 percent, GAC data showed.Private companies played a significant role in propelling trade growth, with their foreign trade expanding by 10.2 percent in the first three quarters, data showed.China has seen a notable rebound in exports during the period, led by strong sales of pandemic control supplies and gadgets such as laptops and tablet computers, Li said.As the country strives for production resumption amid containment of the pandemic, it has managed to restore export orders while stimulating domestic demand, which led to a rebound in imports, Li said. Enditem

Land-sea freight trains in Chongqing hit record high

By Xinhuanet| 2020-10-10 18:03:07

Yuzhou customs in southwest China's Chongqing Municipality cleared 2,419 foreign-trade containers carried by 141 trains via the land-sea freight route in August, with a year-on-year increase of 45.72 percent and 71.95 percent respectively, hitting a record high.The land-sea freight route is part of the New International Land-Sea Trade Corridor, a trade and logistics passage jointly built by western Chinese provincial regions and Singapore.In the past three years, Yuzhou customs have released nearly 2,000 cargo trains loading more than 300 varieties of goods via this route, radiating to 234 ports in 92 countries and regions, according to the customs.All the trains via this route went through the port transits in south China's Guangxi Zhuang Autonomous Region. In order to support the recovery of the land-sea freight service, the customs of Yuzhou and the Qinzhou Port of Guangxi have cooperated to open priority clearance and inspection channels and solve clearance problems for enterprises with a 24-hour service. Enditem

Foreign trade of Tianjin's Binhai New Area up 6.5 pct in Jan.-Aug.

By Xinhuanet| 2020-10-09 00:00:00

Foreign trade of Binhai New Area of north China's port city of Tianjin rose 6.5 percent to 354.12 billion yuan (about 52.2 billion U.S. dollars) in the first eight months of this year, local authorities said.During the period, Binhai's exports reached 119.43 billion yuan, up 13.7 percent year on year, while its imports totaled 234.69 billion yuan, up 3.2 percent, according to Tianjin customs.In August alone, the area's imports and exports reached 47.88 billion yuan, up 16 percent year on year.During the January-August period, the European Union, ASEAN, the United States, the Republic of Korea and Japan were the top five trading partners of Binhai New Area. Binhai New Area locates in the east of Tianjin which is famous for high-end manufacturing. Core industry include aerospace, automobile, new energy, etc.

Fourth CIIE starts registration of business exhibitors

By Xinhuanet| 2020-09-30 00:00:00

The fourth China International Import Expo (CIIE) has opened registration for its business exhibition, the organizer said.Enterprises from abroad can register on the CIIE's official website starting Monday, according to the organizer.The business exhibition at the fourth CIIE only accepts legal corporate enterprises registered outside the customs areas of the People's Republic of China, including Hong Kong, Macao and Taiwan. Only products produced overseas or services provided from overseas can be accepted for the exhibition.The CIIE is the first dedicated import exhibition in the world and has seen fruitful outcomes at the past two expos. The third CIIE is scheduled from Nov. 5 to 10 this year. Enditem

Vietnam's export up slightly in 9 months

By Xinhuanet| 2020-09-29 16:55:44

Vietnam's export and import turnovers in the first nine months of 2020 increased by 4.2 percent and decreased by 0.8 percent year-on-year respectively, according to the country's General Statistics Office on Tuesday.Export revenues totaled nearly 202.9 billion U.S. dollars and import turnovers reached roughly 185.9 billion U.S. dollars during the period.Between January and September, the United States remained Vietnam's biggest importer with turnovers of 54.8 billion U.S. dollars, followed by China with 31.9 billion U.S. dollars and the European Union with 26 billion U.S. dollars, according to the office.Meanwhile, China was Vietnam's largest exporter with turnovers of 56.8 billion U.S. dollars, followed by South Korea with 32.8 billion U.S. dollars, and the Association of Southeast Asian Nations (ASEAN) with 21.8 billion U.S. dollars, the office said.In 2019, Vietnam's total trade turnover reached nearly 517 billion U.S. dollars with an export turnover of approximately 263.5 billion U.S. dollars, up 8.1 percent against 2018. The country posted a trade surplus of more than 9.9 billion U.S. dollars, the highest level in the past four years. Enditem

S.Korea's export rises 3.6 pct in 1st 20 days of September

By Xinhuanet| 2020-09-24 00:00:00

South Korea's export rose for the first 20 days of this month due mainly to more working days, customs office data showed.Outbound shipment reached 29.6 billion U.S. dollars in the Sept. 1-20 period, up 3.6 percent from the same period of last year, according to Korea Customs Service.It was attributed to more business days. The number of working days was 15.5 in the cited period, up 2 days from a year earlier.The daily average export reduced 9.8 percent amid the lingering economic fallout from the COVID-19 outbreak.Shipment of telecommunication devices such as smartphone declined 9.1 percent in the 20-day period, with export for oil products dropping 45.6 percent.Export for semiconductors, cars and precision machinery jumped 25.3 percent, 38.8 percent and 14.7 percent each.Shipment to China and the United States, South Korea's top two trading partners, grew 8.7 percent and 16.1 percent respectively, but export to Japan and the Middle East retreated 18.5 percent and 12.2 percent each.Import reduced 6.8 percent over the year to 25.1 billion dollars in the 20-day period, sending the trade surplus to 4.5 billion dollars. Enditem

China Fastener Show Online (European Session) will kick off from October 26-31, 2020

By CFM| 2020-09-22 19:40:05

China Fastener Show Online gives full play to the advantages of Internet technology and realizes the function and scene of offline exhibition, in order to help Chinese fastener enterprises break through global market online and seize new opportunities for export.From October 26 to 31, 2020, China Fastener Show Online (European Session) will kick off, opening a new chapter of online show. Operated and supported by, it is expected that more than 300 exhibitors, 3,000 European buyers and 50,000 professional visitors will participate in the show.During this period, more than 30 concurrent activities will be held, including 1-on-1 purchase meetings, Cloud factory visit, technology sharing, new product demonstration, etc. Pre-registration is on going.2020 China Fastener Show Online (European Session)Dates: From October 26- 31, 2020Form: 6 days around the clock online showScale: 300+ exhibitors, 3000+ European buyers, 30+ concurrent activitiesWebsite: and technical support:, www.chinafastener.comHighlights of the Show1. Multiple platforms showcasing -,, Over 30 European associations will participate.3. 1 on 1 online purchase meetings with competitive suppliers.4. Company live broadcast, showcasing the strength of exhibitors.5. Instant communication tools with English translation.Scope of Exhibits1. Finished FastenersStandard fasteners, non-standard fasteners, automobile fasteners, high-strength fasteners, construction fasteners, stamping parts, lathe parts, and fastener products in various professional application fields, etc2. Related Products and ServicesFastener production equipment, fastener materials, fastener molds and consumables, testing instruments, packaging equipment, other related production technologies and equipment, etc.The first edition was held successfully from August 10-18, 2020. The 9 days around the clock show attracted 75,132 visitors, including 5,376 international buyers. During the exhibition, 309 1 on 1 purchase meetings were held, which helped buyers find suitable suppliers efficiently.ContactE-mail: media@chinafastener.comWhatsapp:+86 9820747767Linkedin: editor@chinafastener.comFacebook: service@chinafastener.comTwitter: chinafastener

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