Global Trade Frictions: A Quick Overview
At a recent August briefing, the China Council for the Promotion of International Trade (CCPIT) shared fresh numbers on global trade frictions and how resilient the Chinese mainland's foreign trade has been. 🌟
In June, the Global Trade Frictions Index hit 92—a medium to high tension level—but it's easing! Thanks in part to the United States extending its suspension of reciprocal tariffs, friction measures plunged 14.7% year-on-year and 13.7% month-on-month. 📉
Among 20 monitored economies, India, the United States, and Brazil topped the friction charts, with the U.S. remaining the largest source of measures for 12 straight months. 🔥
When it comes to China-related frictions, 19 countries and regions logged an index of 102. India led with disputes over electronics like cameras, routers and chips. Still, the value of these measures targeting China fell 16.3% year-on-year and 13.6% month-on-month.
Foreign Trade Momentum
July brought even more good news: the trade promotion system issued 741,700 commercial certificates—a 10.8% jump from last year. That's the fastest foreign trade growth rate of the year so far! 🚀
Overall, these trends show how the Chinese mainland is navigating global tensions while keeping trade on track. Whether you're an investor, student or globe-trotter, these insights can help you spot new opportunities and understand the shifting economic landscape. 🌏✨
Reference(s):
cgtn.com
