On 25 November the on-shore and off-shore renminbi both hit 13-month highs against the dollar. The spot rate peaked at 7.0850 and the pair broke through the 7.09 level in both markets.

North-America and Europe sailings are short of cargo almost across the board and freight keeps sliding,” Wang Zhicong, head of a Shenzhen forwarder, told Yicai. Apart from South-East Asia—where typhoon-induced port congestion has produced a short-term spike in rates and rolled containers—most lanes are in off-season oversupply, he said.

China's Latest Economic Updates

According to customs statistics, China's goods trade maintained steady growth in the first 10 months of 2025, with a total import and export value of 37.31 trillion yuan, up 3.6% year-on-year. Exports reached 22.12 trillion yuan, an increase of 6.2%, while imports totaled 15.19 trillion yuan, essentially flat compared with the same period last year. In October alone, China's goods trade amounted to 3.7 trillion yuan, up 0.1%. Exports stood at 2.17 trillion yuan, down 0.8%, whereas imports rose 1.4% to 1.53 trillion yuan, marking the fifth consecutive month of import growth.

In recent weeks, several carriers have successively rolled out new Red Sea services.
The latest comes from UAE feeder operator GFS, Regional Container Lines (RCL) and TS Lines (TSL), who have jointly launched a new China–Red Sea loop.

Many people still have misconceptions about certificates of origin—today we’ll walk you through everything you need to know

China's retail sales of consumer goods went up 4.3 percent year on year in the first 10 months of 2025, data from the National Bureau of Statistics (NBS) showed Friday.

According to customs statistics, China’s goods trade continued its steady expansion in the first ten months of 2025, with total imports and exports reaching RMB 37.31 trillion, up 3.6 % year on year. Exports rose 6.2 % to RMB 22.12 trillion, while imports were broadly flat at RMB 15.19 trillion. In October alone, total trade stood at RMB 3.7 trillion (+0.1 %), with exports of RMB 2.17 trillion (–0.8 %) and imports of RMB 1.53 trillion (+1.4 %), marking the fifth consecutive monthly increase in imports.

On the 5th, the Customs Tariff Commission of the State Council released two key notices adjusting the additional tariffs imposed on certain U.S.-origin imports.

“These ‘food-access passports’ are the brand-new protocols we have just signed with partner countries under the cooperation mechanism—giving 15 more agri-food products the green light to enter China,” Vice Minister of Customs Zhao Zenglian told reporters at the 2025 Belt and Road Customs Food-Safety Partnership Conference.