Export Markets

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China becomes the main injured country by trade protectionism

According to customs statistics, China's export trade fell 21.7% per cent in January-June this year, Yi, vice minister of Commerce, said at the global think-tank Summit, "Promotion of trade liberalization and investment facilitation", 4th Compared with the figures released by the Chinese customs in June this year, China's exports of $426.14 billion trillion, down 21.8% year-on-year, have not seen a noticeable improvement in China's export situation.  Despite the financial crisis that has hit China's main export markets, rising protectionism has "exacerbated" the export situation. "The rise of trade protectionism has led to a revival of the world economy ...

India to raise tax on iron ore exports

This report (intern reporter Dongchangqing) as the third largest importer of iron ore in China, India's iron ore supply may be change--Virbhadra Singh, India's steel minister, told India's Tribune that the Ministry of Steel had proposed higher iron ore export taxes to turn India from iron ore exporters into high-value exporters.  , but he did not disclose the specific amount of tax increases. The reaction to the Steel Ministry's proposal to raise the export tax was mixed. Indian steelmakers have expressed support, and mining companies claim that India's ore reserves meet the needs of both domestic and export markets.

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