This article was first published in Wingtra (ID: chinawingtra).
China and Singapore are exempt from visas to each other
On January 25, 2024, representatives of China and Singapore signed the Agreement between the People's Republic of China and the Republic of Singapore on Mutual Visa Exemption for Holders of Ordinary Passports in Beijing.
The agreement will enter into force on February 9, 2024. At that time, holders of ordinary passports from both sides can enter each other's countries without a visa to engage in personal affairs such as tourism, family visits, and business, and stay for no more than 30 days.
China and Thailand are exempt from visas
On January 28, representatives of China and Thailand signed the Agreement between the People's Republic of China and the Kingdom of Thailand on Mutual Visa Exemption for Holders of Ordinary Passports in Bangkok, Thailand. It was announced that from March 1, 2024, the two countries will officially implement the policy of exempting ordinary passport holders from visas.
According to the agreement, Chinese citizens holding ordinary passports or ordinary passports of the Chinese side, as well as Thai citizens holding ordinary passports, will enjoy visa-free entry to the other country. The duration of stay for a single entry must not exceed 30 days, and the cumulative period of stay must not exceed 90 days in every 180 days.
The United States launched an anti-dumping investigation into Chinese glass wine bottles
In response to the American Glass Producers' Union (The U.Ss.Glass Producers Coalition) on December 29, 2023, the U.S. Department of Commerce announced an antidumping investigation against glass wine bottles imported from Chile, China and Mexico, and a countervailing duty investigation against glass wine bottles imported from China.
This case involves U.S. Customs Code 701090.Products under 5019. The U.S. International Commission (ITC) is expected to issue a preliminary determination of industrial injury by February 12, 2024 at the latest.
The Ministry of Commerce announced the list of import and export license issuing institutions in 2024
On January 19, the Ministry of Commerce announced the "2024 List of Import and Export License Issuing Institutions" and related matters. The issuance of import and export licenses shall be carried out in strict accordance with the relevant regulations. The Licensing Bureau is responsible for supervising, inspecting and guiding the issuance of import and export licenses. This announcement shall be implemented from the date of issuance. Announcement No. 45 of 2022 of the Ministry of Commerce shall be repealed at the same time.
In 2024, the import goods subject to license management will be ozone-depleting substances and key used mechanical and electrical products, and the export goods subject to license management will be corn, coal, **, etc. 43 kinds.
The Red Sea Crisis has seen car companies and the retail industry become the biggest losers
Red Sea shipping risk spillover intensified, car carriers were more obviously affected, including Tesla, Volvo and other European car companies had to announce the suspension of production, home furnishing giant IKEA also issued a warning of delivery delays, highly dependent on sea freight H&M and British retailer Primark profits will also be affected.
The problem for these companies is that the current economic outlook could make it difficult for companies to pass on higher costs to consumers, analysts said. "Companies may have to bear these costs themselves, which will squeeze profit margins. ”
Mir**ia is about to launch a logistics service
Spanish e-commerce platform Mir**ia is about to launch its logistics service Fulfillment by Mir**ia (FBM) to compete with Amazon, and the platform is currently testing FBM with some brands.
This new service is designed to meet the needs of partners, brands and sellers to streamline operations and improve the shopping experience for users and brands during all peak periods of the year, such as Black Friday or Christmas, when efficient logistics become more necessary.
Oriental selection or use TikTok to go to sea
Recently, Dongfang Selection has launched the recruitment of TikTok-related positions, including content operation manager, business manager, operation manager and TikTok overseas store operation and other positions. From the perspective of the industry, Dongfang Selection's launch of relevant job recruitment aims to leverage the TikTok platform to achieve its overseas plan.
It is reported that TikTok Shop was first tested in Indonesia in 2021, and has since been launched in the United Kingdom, Malaysia, Thailand, Vietnam, the United States and other markets.
Temu is coming soon to semi-managed
Temu is about to launch a "semi-custodial" gameplay, and existing fully managed merchants can also choose semi-custodial, which is equivalent to temu giving all merchants one more choice. "The policy may not come out until March, and it is planned to go live first in the United States, and then in Europe. ”
Specifically, merchants who stock goods in overseas warehouses can decide their own warehousing and logistics solutions according to the order, and reduce the steps of product selection, in addition to being no different from full custody, the platform will also be responsible for commodity operation, assistance in price comparison, marketing and promotion, customer service and other operational links.
U.S. unemployment data for the last February of '23 was flat
The U.S. Bureau of Labor Statistics released data on January 23, local time, showing that the national unemployment rate in the United States in December 2023 was 37%, unchanged from November. In December, unemployment rose in 15 states.
The data shows that the unemployment situation in the United States has not changed significantly at the end of 2023. While unemployment has risen in some states, the overall national unemployment rate has remained stable.
Japan's exports to China rose for the first time in 13 months
Japan's Ministry of Finance released import and export data for December 2023 on January 24. In terms of exports, exports increased by 9 percent year-on-year in December 20238%, higher than expected.
Among them, Japan's exports to the United States increased by 20% year-on-year in December, driven by automobile exports4%, up for 27 consecutive months. Japan's exports to the EU rose 103%。Japan's exports to China rose 9 percent for the month6%, achieving the first growth in 13 months, of which the export of chip manufacturing equipment is the main driving force.
Mexico's economy has maintained steady growth
The latest data show that in the first 10 months of 2023, Mexico's industrial production index increased by 39%, of which the construction industry grew by 151%, water, electricity, natural gas** increased by 37%, mining growth of 21%, and the manufacturing sector grew by 15%。
More than 1 million formal jobs were created in Mexico in 2023, with 22.4 million formal jobs registered at the Mexican Institute of Social Security. The increase in the working population guarantees the growth of social productivity and state tax revenues.
Australia's economy is facing multiple pressures
Australia's official unemployment rate for December 2023 was 39% vs. 39% compared to 39%。
On January 16, a report released by Westpac and the Melbourne Research Institute showed that Australia's Westpac Melbourne Research Institute's consumer confidence index (i.e., consumer sentiment index) fell by 13% from 82 in the previous month1 point back to 81 points.
High Point International Spring Furniture Fair in the United States
Exhibition time: April 13-17, 2024.
Exhibition venue: High Point Home Furnishing Convention and Exhibition Center.
It is one of the three major world furniture fairs with global influence and the oldest existing prehistoric furniture fair in the world. It is held twice a year, in April and October.
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