General Administration of Customs
Coverage of General Administration of Customs in the Nexus archive.
- Iran war shows China role in setting the price of oil
China's reduction in oil imports during the Iran war helped stabilize global oil prices, preventing severe spikes. By utilizing domestic reserves, coal, renewables, and electric vehicles, China mitigated economic impacts while acting as a 'shock absorber' for energy markets.
- Brazil widens lead in China’s soybean market as US shipments fall despite Trump-Xi deal
China imported 12.08 million tonnes of Brazilian soybeans in June, a 13.7% annual increase, while US shipments fell 20.6% to 1.27 million tonnes, despite a Trump-Xi soybean purchasing deal. Total soybean imports reached a record 13.55 million tonnes, driven by Brazilian supply.
- Global AI boom sees China’s chip exports nearly double in first half of year
China’s chip exports nearly doubled in the first half of 2024, reaching $177.28 billion in value, driven by a global AI boom. Customs data shows a 96% year-on-year increase in integrated circuit exports during this period.
- China clears Brazilian beef of foot-and-mouth disease, but quota limits profits
China recognized Brazil as free of foot-and-mouth disease, granting the country wider access to China's beef market. However, a new quota system will limit price potential for Brazilian exporters.