Speaking in Beijing recently, Russian Ambassador to China Igor Morgulov said Moscow and Beijing have built a "highly reliable bilateral settlement system" and now conduct almost all trade in their own currencies.

A cargo flight carrying about 1.3 t of Spanish blue-fin tuna landed at Shenzhen Bao’an International Airport; within hours the fish had cleared customs and was on sale in China. “A Mediterranean jewel on a Chinese dinner plate in under 24 hours—this speed shows how fast our two economies are converging,” Spanish weekly Triángulo commented.

Boom times! Overseas visitors shout “What a bargain!”
On any day on Huaqiang Bei you’ll see faces from every continent pulling empty cases or shopping bags.

On December 29, 2025, the Customs Tariff Commission of the State Council released the “2026 Tariff Adjustment Plan,” which will take effect on January 1, 2026. Among the changes, import duties on 935 items will be lowered.

The year 2025 has been pivotal, as China, standing at the threshold of a new five-year plan cycle, has seen high-standard opening up emerge as a core driver of Chinese modernization.

While the Egyptian pound has been in free fall since the central bank floated the currency—losing nearly 40 % of its value against the dollar and hitting successive record lows—international investors have been heading for the exit. Chinese exporters, however, are flooding in.

Indonesia’s Finance Minister Purbaya Yudhi Sadewa has publicly vowed a root-and-branch reform of the Directorate-General of Customs & Excise, warning that if the agency fails to restore its reputation and performance within a year it will be frozen and replaced by Swiss inspection giant SGS.

10 December 2025 – in a two-hour plenary Mexico’s lower house overwhelmingly approved President Claudia Sheinbaum’s tariff bill; hours later the Senate passed it 76-5-35. Publication is expected by 15 December and the new duties take effect 1 January 2026.

China's Ministry of Commerce issues latest response on Nexperia issue

On 17 October 2025, the Ministry of Commerce (MOFCOM) received an expiry-review application submitted by Jilin Petrochemical Company of CNPC and Shanghai Sinopec Mitsui Elastomers Co., Ltd. (hereinafter referred to as the "Applicants") on behalf of the domestic ethylene-propylene-diene monomer (EPDM) rubber industry. The Applicants contend that, should the anti-dumping measures be terminated, dumping of EPDM rubber originating in the United States, South Korea and the European Union is likely to continue or recur, and injury to the domestic industry is likewise likely to continue or recur. They therefore request that MOFCOM initiate an expiry-review investigation into the anti-dumping measures applicable to such imports and maintain the measures. No expiry-review application was filed with respect to EPDM rubber originating in the United Kingdom.