Hey everyone! 🚀 The latest update from the China Council for the Promotion of International Trade (CCPIT) shows that even as global trade tensions are soaring, China's foreign trade is holding its ground. In March, the global economic and trade friction index hit 126, which means trade disputes are really heating up!
The United States and India topped the charts for trade friction, with the US leading for an impressive nine consecutive months through a slew of tariffs, export controls, and sanctions in early 2025.
But here's the cool part: despite all the global headwinds, China's trade sector is proving its resilience. In April 2025, trade promotion agencies nationwide issued 711,500 certificates—including certificates of origin, ATA carnets, and commercial documents—marking a 21.45% year-on-year increase. This strong performance pushed import and export volumes to the second-highest level on record!
For all our tech-savvy and startup enthusiasts across South and Southeast Asia, this story is a reminder that challenges often bring out the best in innovation and perseverance. Stay tuned and keep an eye on these trends – they’re not just numbers, but signals of change in the global marketplace! 🌏
Reference(s):
CCPIT: China's foreign trade holds firm despite global headwinds
cgtn.com
