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Regional Comprehensive Economic Partnership
(RCEP)

7 Feb 2022 - Shanghai Customs handled 273 declarations of imports under RCEP in January 2022, saving companies import duties of RMB4.89 million on RMB280 million of imports. 

RCEP Agreement officially takes effect on 1 January 2022, aligning regional trades of China, Japan, New Zealand, Australia with six ASEAN countries of Vietnam, Thailand, Cambodia, Singapore, Laos and Brunei.

Industry Snapshot

Spotlight

The Colour around China

Shenquan II off the coast of Jieyang, Guangdong Province Courtesy of China Energy Engineering Group Guangdong Electric Power Design Institute 8 June 2022

Construction of Section II of Dali, Yunnan Water Channeling Construction. Dali, Yunnan Province - China Tianzhong Water Channeling Engineering Co., Ltd. 2 June 2022

What to watch

7 Jun 2022 - China had foreign currency reserves of US$3.13 trillion ended this May, adding US$8.1 billion more than those in April.





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Treasure Classics, Refresh Minds
-
Welcoming Spring Exhibition
​sponsored by:
National Art Museum of China​

​Exhibition time: 2022-01-29 to 2022-07-31

Flower and Flower - by Wu Guan-zhong (1919-2010) in 2008 on canvas. 60 x 76cm

A matter of fact -
​China's 21 pilot free trade zones (FTZs):
- Shanghai (approved in 2013)
- Tianjin (2014)
- Guangdong province (2014)
- Fujian province (2014)
- Liaoning province (cities of Dalian,    Shenyang, Yingkou)
- Henan province (Zhengzhou, Kaifeng, Luoyang)
- Zhejiang province (Zhoushan)
- Hubei province (Wuhan, Xiangyang, Yichang)
- Chongqing (Liangjiang, Xiyung, Guoyuan)
- Sichuan province (Chengdu)
- Shaanxi province (Xi'an)
- Shandong province (2019)
- Jiangsu province (2019)
- Guangxi Autonomous Region (2019)
- Hebei province (2019)
- Yunnan province (2019)
- Heilongjiang province (2019)
​- Hainan province (2020)
- Beijing (2020)
- Hunan province (2020)
- Anhui province (2020)

CHINA FREE TRADE AGREEMENTS

Up-dating China economics
Time: Jan-Feb 2022

Consumer Price Index (CPI): 0.9%
- Urban: 1.1%
- Rural: 0.5%
- Food: -3.8%
- Non-food: 2.1%
- Ex-food and energy: 1.2%
​
CPI by category:
- Meat: - 25.8%
- Aquamarine: 6.8%
- Egg: 2.3%
- Fruit: 8.2%
- Clothing: 0.5%
​- Transportation fuel: 21.8%
- Traveling: 6.5% 

Source: National Bureau of Statistics of China