General

Foreign trade events this week

China's use of foreign capital increased by 28.7% year-on-year

China has reduced its holdings of US debt for three consecutive months

The US Senate legislates to ban the import of Chinese Xinjiang products

Us white house plans to launch digital trade agreement

Russia reduces import dependence in key economic sectors

EU approves 800 billion EU revitalization plan for 12 countries

European Central Bank promotes digital euro project

The UK will ban the sale of new diesel and gasoline heavy trucks

01

China's use of foreign capital increased by 28.7% year-on-year

According to the data released by the Ministry of Commerce, from January to June, the actual use of foreign capital in China was 607.84 billion yuan, a year-on-year increase of 28.7%. In terms of industry, the actual use of foreign capital in the service industry was 482.77 billion yuan, a year-on-year increase of 33.4%; The actual use of foreign capital in high-tech industries increased by 39.4% year-on-year.

02

China has reduced its holdings of US debt for three consecutive months

Recently, a report released by the US Treasury Department shows that China has reduced its holdings of US bonds for the third consecutive month, from US $1.096 trillion to US $1.078 trillion. But China remains the second largest overseas holder of US debt. Among the top 10 creditors of US bonds, half sold us bonds and half chose to increase their holdings.

03

The US Senate legislates to ban the import of Chinese Xinjiang products

Reuters news, the U.S. Senate recently passed a bill to prohibit U.S. enterprises from importing products from Xinjiang, China. This legislation assumes that all products made in Xinjiang are made through so-called "forced labor", so it will be prohibited unless otherwise proved.

04

Us white house plans to launch digital trade agreement

According to a recent Bloomberg report, the Biden administration of the United States is considering a digital trade agreement covering India Pacific economies, including data use rules, trade facilitation and E-customs arrangements. Agreements may include Canada, Chile, Japan, Malaysia, Australia, New Zealand and Singapore.

05

Russia reduces import dependence in key economic sectors

Russian President Vladimir Putin recently signed a presidential decree approving the new version of Russia's national security strategy. The new document shows that Russia has shown its ability to resist the pressure of foreign sanctions in recent years, and points out that the work of reducing import dependence in key economic sectors will continue.

06

EU approves 800 billion EU revitalization plan for 12 countries

EU finance ministers recently officially approved the revitalization plans submitted by 12 EU countries. The scheme is worth about 800 billion euros (6 trillion yuan) and will provide grants and loans to countries including Germany, France and Italy to promote economic recovery after COVID-19.

07

European Central Bank promotes digital euro project

Recently, the ECB's digital euro project took an important step and was allowed to enter the "investigation stage", which may eventually lead to the landing of the digital Euro around the middle of 2021-2030. In the future, the digital euro will supplement rather than replace cash.

08

The UK will ban the sale of new diesel and gasoline heavy trucks

The British government recently announced that it would ban the sale of new diesel and gasoline heavy trucks from 2040, which is part of the country's plan to achieve net zero emissions for all vehicles by 2030. In this regard, the UK also plans to build a net zero railway network by 2050 and achieve net zero emissions in the aviation industry by 2040.