Highlights for today
1. The total amount of foreign investment approved in Thailand in the first half of the year increased by more than 70% year-on-year
2. Vietnam's GDP may grow by 6.7-6.9% in 2022
3. The General Office of the State Council of the People's Republic of China agreed to establish an inter-ministerial joint conference system for the development of the digital economy
4. The inaugural meeting of China Mineral Resources Group Co., Ltd. was held
5, economic and trade early warning: polytetrafluoroethylene
Thailand: Total foreign investment approved in the first half of the year increased by more than 70% year-on-year
Thailand's Ministry of Commerce recently announced that in the first six months of this year, Thailand approved a total of 284 foreign-invested enterprises, an increase of 7.58% over the same period last year; The total investment was THB69.969 billion (US$1.9 billion), an increase of 73.48% year-on-year. Most of the newly approved foreign-invested enterprises are in line with the Thai government's target industries, such as application and website services business, electric vehicle charging stations, engineering services such as comprehensive technical consulting in the production of auto parts, and oil drilling services in concession plots such as the Gulf of Thailand.
(Source: China News Network)
Vietnam: GDP growth of 6.7-6.9% in 2022
According to Vietnam's "Investment News", the latest forecast of the Vietnam Central Institute of Economic Management (CIEM) is that Vietnam's GDP may grow by 6.7-6.9% in 2022, far exceeding the 6.0-6.5% growth target proposed by the National Assembly. Compared to the targets set out in Government Resolution 1, many unexpected results were achieved in the second quarter and first half of 2022.
(Source: Economic and Commercial Division, Consulate General of the People's Republic of China in Ho Chi Minh City)
Serbia: Lifting bans on wheat and corn exports
According to the Nantong News Agency, the Serbian Ministry of Agriculture confirmed that the Serbian government recently decided to lift the ban on the export of wheat and corn. This decision was based on an analysis of the current stock situation after the harvest of new grains. Free exports will continue until the beginning of autumn, when a new assessment of the total number of key grain stocks will be carried out and corresponding measures will be taken. In addition, the government also decided to approve the export of 4,000 tons of refined sunflower oil in bulk.
(Source: Economic and Commercial Division, Chinese Embassy in Serbia)
Brazil: Import and export trade volume is expected to reach a new high this year
According to Xinhua News Agency, the brazilian foreign trade association recently released a report predicting that in 2022, Brazil's exports and imports will rise sharply compared with 2021, and the total trade volume is expected to reach 584.816 billion US dollars, exceeding the historical record of 500.042 billion US dollars last year. Among them, exports will increase by 13.8% over last year to reach 319.471 billion US dollars; imports will increase by 21% to 265.345 billion US dollars. The trade surplus will reach $54.126 billion, down 11.9 percent from last year.
(Source: Economic and Trade Window of the Consulate General of the People's Republic of China in Rio de Janeiro)
Jordan: Adoption of the draft law on the norms governing the investment environment
Recently, the Jordan petra news agency published the full text of the draft law on the regulation of the investment environment passed by the cabinet. The draft was submitted for discussion at a special session of Parliament beginning on 20 July and approved in accordance with the procedures laid down in the Constitution. The draft consists of five chapters, which mainly stipulate the rights and obligations of investors, the establishment and work of the Ministry of Investment and the Investment Commission, the establishment and supervision of economic development zones and free trade zones, new investment incentive policies, and the registration and licensing of regulated economic activities. The original Investment Law will be repealed after the entry into force of this Law.
(Source: Economic and Commercial Division, Chinese Embassy in Jordan)
EU: Construction output rose 0.8% month-on-month in May
Recently, data released by Eurostat showed that after seasonal adjustment, EU construction output increased by 0.8% month-on-month in May and 0.4% in the euro area. Compared to May 2021, the output value of the EU and Euro Area construction industry increased by 3.8% and 2.9% year-on-year, respectively. Among them, the member countries with the highest growth rates in the construction industry are Slovenia (30.2%), Poland (10.7%) and Hungary (9.9%). The countries that declined were Spain (-8.2%) and Germany (-2.0%).
(Source: Economic and Commercial Division of the Chinese Mission to the European Union)
Ukraine: The first cereals or leave the Black Sea ports within a few days
Haq, deputy spokesman for the U.N. secretary-general, said recently that the first cargo ships loaded with Ukrainian grain are expected to set sail from the Black Sea within days. The Ukrainian side also said that under the agreement, the first ships loaded with grain would leave its Black Sea port "within a few days". It is reported that on July 22, Russia and Ukraine signed agreements with Turkey and the United Nations in Istanbul on the transportation of agricultural products and fertilizers from black countries.
(Source: China News Network)
The General Office of the State Council agreed to establish an inter-ministerial joint conference system for the development of the digital economy
Recently, the General Office of the State Council issued a letter agreeing to establish an inter-ministerial joint conference system for the development of the digital economy. The joint meeting is composed of 20 departments such as the National Development and Reform Commission, the Central Cyberspace Administration, and the Ministry of Education, and has four main responsibilities: First, implement the decision-making and deployment of the Party Central Committee and the State Council, promote the implementation of the digital economy development strategy, coordinate the development of the digital economy, study and coordinate major issues in the field of digital economy, guide the implementation of major tasks in the development of the digital economy and carry out the evaluation of the promotion, and study and put forward relevant policy recommendations. The second is to coordinate the formulation of plans and policies for key areas of the digital economy such as digital transformation, promoting the development of big data, and "Internet +" actions, organize and supervise the implementation of the annual key work of the digital economy development, and promote the construction of systems, mechanisms, standards and norms in the field of digital economy. The third is to coordinate and promote major projects and pilot demonstrations of the digital economy, strengthen communication and contact with relevant localities and industries to coordinate and promote the work mechanism of the digital economy, strengthen the coordination and linkage with various demonstration zones and pilot zones, coordinate and promote the implementation of major policies in the field of digital economy, and organize and explore reform measures to adapt to the development of the digital economy. The fourth is to complete other matters assigned by the Party Central Committee and the State Council.
(Source: Securities Daily)
Ministry of Commerce: China-EU trade maintains stable development encourages enterprises to view exchange rate changes objectively
At a recent regular press conference held by the Ministry of Commerce, spokesperson Shu Jueting responded to the strong rise in the exchange rate of the renminbi against the euro since May, saying that exchange rate fluctuations are the result of the joint action of various factors in the market, which have a multi-dimensional impact on trade, investment and other economic and trade activities. We have always encouraged and supported enterprises to view exchange rate changes objectively, take the initiative to adapt to exchange rate changes, and continuously improve their exchange rate risk management capabilities through market-oriented methods such as exchange rate hedging tools to better and more stable operations. Since the beginning of this year, China-EU trade has maintained a stable development, with bilateral trade reaching US$420.6 billion in the first half of the year, an increase of 8.4% year-on-year. It is expected to maintain a healthy development momentum throughout the year.
(Source: International Business Daily)
From January to May, the actual use of foreign capital in high-tech manufacturing increased by 32.9% year-on-year
On July 26, Yao Jun, deputy director of the Planning Department of the Ministry of Industry and Information Technology, said at a press conference held by the Ministry of Industry and Information Technology on "Promoting the High-quality Development of the Manufacturing Industry and Consolidating the Foundation of the Real Economy" that from January to May this year, the actual use of foreign capital in the mainland's high-tech manufacturing industry increased by 32.9% year-on-year, and the manufacturing industry is a key area of foreign investment. Regarding the topic of industrial chain transfer of social concern, he said that although some foreign-funded enterprises have accelerated their diversified layout, in general, the pace of foreign investment in China has not slowed down. He said that the next step will be to expand the high-level opening up of the manufacturing industry and actively create a market-oriented, law-based and international business environment of fair competition.
(Source: XinhuaNet)
The inaugural meeting of China Mineral Resources Group Co., Ltd. was held
Recently, the inaugural meeting of China Mineral Resources Group Co., Ltd. was held in Beijing. The establishment of China Mineral Resources Group Co., Ltd. is a major measure taken by the Party Central Committee and the State Council to focus on making good use of the two domestic and international markets and two kinds of resources to enhance the supply guarantee capacity of important mineral resources in the mainland, which is of great significance for ensuring the security of the industrial chain supply chain and promoting high-quality development. As a wholly state-owned company directly managed by the central government and a state-authorized investment institution, the company will adhere to openness and synergy, win-win cooperation, adhere to marketization and rule of law operation, and build a world-class mineral resources comprehensive service enterprise with global competitiveness and influence.
(Source: XinhuaNet)
PTFE: India ends anti-dumping measures
Recently, India's Ministry of Commerce and Industry issued an announcement saying that it received an office memorandum issued by the Ministry of Finance on the same day, and the Ministry of Finance did not accept the final recommendation of the third anti-dumping sunset review of PTFE originating in or imported from China on April 26, 2022, and decided to terminate the implementation of anti-dumping measures on the products involved in the Chinese case and not to continue to collect anti-dumping duties.
(Source: China Trade Remedy Information Network)
Russia: Procurement of refractory products
A Russian company is now looking for Chinese suppliers of refractory products such as ceramics, steelmaking blocks, mud, plastics and so on. Product requirements and purchase quantities are detailed in the QR code below.
(Source: Trade & Investment Network)
China Railway 19th Bureau: Undertook the construction of the fourth phase of the Algerian Oran Sinosteel Project
Recently, the lime kiln area of the fourth phase of the Aolan China Steel Mill Project, which was built by China Railway 19th Bureau Group Co., Ltd. International Company, started excavation operations, marking the official start of the company's Algerian Olan Sinosteel Phase IV project. After the completion of the project, it will be of great significance to improve the production system of algeria's steel industry and promote the local economic development.
(Source: China Engineering News)
The Chinese Embassy in Fiji has announced the opening hours of the consular documents hall for August 2022
The Consular Document Hall of the Chinese Embassy in Fiji will be open three times on Tuesdays 2, 16 and 30 August from 10:00 a.m. to 11:30 a.m. Opening hours in September will be announced separately. Please bring all the materials with your new office permit, certification, etc. during the above opening hours. In order to shorten the length of stay, please check the relevant application materials with the staff through the [email protected] document consultation email address in advance, download and fill in the relevant forms.
(Source: "Chinese Embassy in Fiji" WeChat public account)
The 2nd China Chengdu International Welfare Expo
When: October 14-16
Venue: Chengdu Century City New International Convention and Exhibition Center
Contents: Rehabilitation barrier-free equipment, education barrier-free equipment, cultural and sports barrier-free equipment, life barrier-free equipment, employment barrier-free equipment, etc
Official website: hse.healthcareexpo.cn
Exhibitor contact information: 028-85482506
The 31st Shanghai International Hotel Supplies Expo
When: October 14-17
Venue: National Exhibition and Convention Center (Shanghai)
Contents: Catering equipment, desktop supplies, hotel IT and security equipment, hotel linen and textiles, guest room electrical appliances and supplies, wellness fitness and leisure and entertainment, etc
Official website: www.hotelex.cn
Exhibitor contact information: 021-33392411
Hot Spot Information
1. Preview of CCPIT activities (July 26 - August 18)
2. [CCTV] CiETAC established an Intellectual Property Arbitration Center
3. [People's Daily Overseas Edition] CIETAC Intellectual Property Arbitration Center inaugurated
4. [Rule of Law Daily] China International Economic and Trade Arbitration Commission Intellectual Property Arbitration Center inaugurated to create the preferred institution for resolving intellectual property disputes
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