China and the ASEAN nations are geographically intertwined and culturally connected. In recent years, economic and trade interactions between China and ASEAN have grown increasingly closer. Since 2013, the average annual growth rate of trade between China and ASEAN has been 7.5%. In 2023, bilateral trade volume reached USD 911.7 billion, with China remaining ASEAN's largest trading partner for 15 consecutive years, and ASEAN maintaining its position as China's top trading partner for four years running. China and ASEAN continue to expand their trade "pie."
On Wednesday, March 18th (local time), the U.S. Federal Reserve concluded its two-day monetary policy meeting by announcing a reduction in the federal funds rate target range to 4.75% to 5.0%, marking a 50-basis-point cut. This is the first interest rate decrease by the Federal Reserve since 2020.
Recently, the Brazilian Coffee Exporters Council released data, forecasting that Brazil's coffee exports to China this year will increase by 65% compared to last year.
Is there still room for interest rate cuts and reserve ratio reductions this year?
Global Economic Outlook: Fed Eases on Rate Hikes, Comoros Joins WTO, and Diverse Trends Shape International Trade and Economics
The world's largest retail giant, Walmart, recently announced the launch of Walmart Cross Border Logistics Services to optimize its supply chain, improve logistics efficiency, and reduce operating costs.
Amidst the global backdrop of rising trade protectionism, escalating geopolitical conflicts, and currency devaluations in multiple countries, how are other major textile and apparel exporting nations faring?
China-Bangladesh bilateral economic and trade relations have been deepening. Industry analysts believe that looking ahead, there is enormous potential for cooperation between the two countries in broader fields.
Recently, many countries around the world have released their latest foreign trade data. How are the foreign trade situations in these countries? Let's find out!
Bloomberg reported on July 10 that, according to the latest report from the Central Bank of Russia, the Chinese yuan now accounts for 99.6% of the transactions in Russia's foreign exchange market.