Shenzhen’s container throughput reached an impressive 20.25 million twenty-foot equivalent units (TEUs) from January to August this year, marking a significant 16.33% year-on-year growth, according to Shenzhen Customs. The city’s exports of new energy vehicles (NEVs) have also experienced notable growth, with the value of NEV exports hitting 15.15 billion yuan (US$2.14 billion) in the...
China’s Commerce Minister, Wang Wentao, met with Roberto Vavassori, President of the Italian Association of the Automotive Industry, in Italy on Saturday to discuss the European Commission’s (EC) tariffs on Chinese electric vehicles (EVs) and foster cooperation between China and Italy in the EV sector, according to the Ministry of Commerce (MOFCOM) on Sunday. This...
DHL, the global cargo forwarding giant, announced plans to invest €100 million (US$110.3 million) in anticipation of a surge in Chinese exports during the final months of 2024. The company foresees a significant increase in outbound transport from China to global markets, particularly as the year-end peak approaches. In a statement released on Thursday, DHL...