🌐 China's trade is flexing its muscles! Despite global trade tensions still being pretty high, recent signs show that frictions are finally easing. The China Council for the Promotion of International Trade (CCPIT) led a delegation of 25 key Chinese companies to the U.S. this month, hosting over 20 matchmaking events with 170+ U.S. firms like Apple, HP and Micron to keep deals rolling. 🤝
Leaders from both sides are sticking to the plan set at the Busan meeting and a phone call on November 24, positioning economic and trade ties as a stabilizing force in China-U.S. relations.
📊 How do we measure friction? CCPIT's Global Trade Friction Index hit 104 in October—still high but down 7.3% from last year, signaling a chill-out in trade disputes. Frictions specifically involving China also eased, dropping 33.2% year-on-year.
💼 And here's the proof that cross-border biz is buzzing: in November, China's trade promotion system issued 791,600 commercial certificates—up 21.6% year-on-year. That's a solid sign of steady trade flows and growing confidence for exporters and importers alike.
For anyone in the export, import or supply chain game, these trends hint at more stable partnerships ahead. Stay tuned as we keep tracking how opening lanes between Asia and the U.S. shape the next wave of global trade! 🚀
Reference(s):
cgtn.com
