Morning News on May 9, 2024

Morning News:①Export transactions at the Canton Fair showed a restorative growth, and merchants from emerging markets were actively trading

② China has decided to extend its visa-free policy for 12 countries including France and Germany until December 31, 2025.

③Colombia launches anti-dumping investigation into Chinese galvanized and galvalume coils

④Brazil adjusts the scope of application of anti-dumping duties on Chinese-related passenger and truck tires

⑤Maersk announced: suspending all import and export trade between Türkiye and Israel, and canceling bookings, etc.

⑥ South Korea’s automobile exports hit a new high of US$6.8 billion in April

⑦The United States revokes Qualcomm and Intel’s export licenses to Huawei

⑧The prices of domestically produced fruits and vegetables in South Korea are high, and imports of green onions and cabbage from China have surged.

⑨ COSCO SHIPPING: It is expected that the container market will enter a stable recovery channel in 2024, and the overall situation will be better than last year

⑩Temu’s retail export business was launched in the Tianjin Port Free Trade Zone, and the first batch of 3.7 tons of cross-border retail export goods cleared customs

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