Morning News on April 12, 2024

①ICBC: It has set up special credit resources of 800 billion yuan to meet the capital needs of domestic and foreign trade enterprises.

②The number of exhibitors at the 135th Canton Fair reached a record high, with more than 4,300 new export companies participating.

③In 2023, the proportion of Shanghai private enterprises’ exports to RCEP member countries will exceed 40% for the first time

④Xi’an will open an all-cargo route to Budapest, Hungary

⑤ The U.S. government plans to add more textile companies to the UFLPA entity list and strengthen controls on inbound textile products.
UFLPA Enforcement of Cargo

⑥The United States urges allies to ban companies from providing services for China’s key chip manufacturing tools

⑦Foreign media: The U.S. Department of Commerce announced that 11 foreign entities have been included in the export control list, including 6 Chinese entities.

⑧EU makes preliminary anti-dumping ruling on Chinese alkyl phosphates

⑨Turkey and Gulf countries will launch free trade agreement negotiations

⑩ COSCO Shipping announced an increase in the GRI of the US line, which will take effect on May 15

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