Ever checked how global trade tensions impact your next upgrade? The China Council for the Promotion of International Trade (CCPIT) just dropped its August figures, and the big takeaway is that frictions are easing while exports are picking up steam! 🔍📊
🔍 What’s the Friction Index? In June, the Global Trade Frictions Index hit 92 (medium to high tension). But here’s the cool part: overall friction measures slid by 14.7% year-on-year and 13.7% month-on-month, thanks in part to the United States extending its tariff suspension. That’s a win for smoother trade flows! 🌏✨
🌐 Who’s Leading the Heat? Among 20 monitored economies, India, the United States, and Brazil topped the list for trade tensions. The U.S. has been the largest source of friction measures in value for 12 months straight.
🔗 Frictions with the Chinese mainland Nineteen countries and regions recorded an index of 102—still high. India took the lead in disputes over gadgets like cameras, routers, and chips. Even so, measures targeting the Chinese mainland fell by 16.3% year-on-year and 13.6% month-on-month.
🚀 Export Momentum July was a bright spot: China’s trade promotion system issued 741,700 commercial certificates, up 10.8% from last year—the fastest growth rate in 2023. That’s a clear sign that foreign trade is firing on all cylinders! 💪📈
For tech startups, e-commerce pros, and curious minds across South Asia and Southeast Asia, these numbers mean more stable supply chains and fresher gadgets hitting the market. Stay tuned as trade winds shift and new opportunities emerge! 🌟
Reference(s):
cgtn.com
