-
US to Implement Comprehensive Ban on Incandescent Light Bulbs
The US Department of Energy finalized a regulation in April 2022 prohibiting retailers from selling incandescent light bulbs, with the ban set to take effect on August 1st, 2023. The Department of Energy has already urged retailers to begin transitioning to selling alternative types of light bu...Read more -
Dollar-Yuan Exchange Rate Breaks 6.9: Uncertainty Prevails Amid Multiple Factors
On April 26th, the exchange rate of the US dollar to the Chinese yuan breached the 6.9 level, a significant milestone for the currency pair. The following day, April 27th, the yuan’s central parity rate against the dollar was adjusted up by 30 basis points, to 6.9207. Market insider...Read more -
The price is only 1 euro! CMA CGM “fire sale” assets in Russia! More than 1,000 companies have withdrawn from the Russian market
April 28th, 2023 CMA CGM, the world’s third largest liner company, has sold its 50% stake in Logoper, Russia’s top 5 container carrier, for only 1 euro. The seller is CMA CGM’s local business partner Aleksandr Kakhidze, a businessman and former Russian Railways (RZD) executive....Read more -
China’s Ministry of Commerce: Complex and Severe Foreign Trade Situation Persists; New Measures to be Implemented Soon
April 26th, 2023 April 23rd – In a recent press conference held by the State Council Information Office, the Ministry of Commerce announced a series of upcoming measures to address the persistently complex and severe foreign trade situation in China. Wang Shouwen, Deputy Minister and...Read more -
Shipments from Asia to the US fell 31.5% in March! The size of furniture and footwear has been halved
April 21, 2023 Several sets of data suggest that American consumption is weakening U.S. retail sales slowed more than expected in March U.S. retail sales fell for a second straight month in March. That suggests household spending is cooling as inflation persists and borrowing costs rise. Retail ...Read more -
EU Plans 11th Round of Sanctions on Russia, and WTO Rules Against India’s High Tech Tariffs
EU plans 11th round of sanctions against Russia On April 13, Mairead McGuinness, the European Commissioner for Financial Affairs, told U.S. media that the EU is preparing an 11th round of sanctions against Russia, focusing on measures taken by Russia to evade existing sanctions. In response, Russ...Read more -
Dynamic | Law Can Assign Training, Escort Development, China-base Ningbo Foreign Trade Co.,LTD. Held in the Foreign Trade Law Seminar
April 14, 2023 At noon on April 12, China-base Ningbo Foreign Trade Co.,LTD. legal lecture entitled “Legal Issues of the Greatest Concern to Foreign Trade Enterprises – Sharing of Foreign Legal Cases” was successfully held in the conference room on the 24th floor of the Group. T...Read more -
UK Inflation Soars, Supermarkets Lock Up Butter as Theft Rises Amid Brexit Aftermath
The UK’s economy is being severely impacted by high inflation and the consequences of Brexit. In recent months, prices have skyrocketed, leading many people to avoid spending more on goods, resulting in a surge in supermarket thefts. Some supermarkets have even resorted to locking up butter...Read more -
China-Base Ningbo Foreign Trade CO.,LTD. won the honors of ningbo foreign trade and economic cooperation enterprise association
China-Base Ningbo Foreign Trade CO.,LTD. won the honors of ningbo foreign trade and economic cooperation enterprise association April 7, 2023 On March 29, 2023, the Ningbo Association of Foreign Economic and Trade Enterprises held the 20th anniversary of its establishment, attended by more tha...Read more -
CHINA-BASE Ningbo (CBNB) Wins Multiple Honors at Ningbo Foreign Trade Association Awards Ceremony
CHINA-BASE Ningbo (CBNB) Wins Multiple Honors at Ningbo Foreign Trade Association Awards Ceremony CBNB—CHINA-BASE Ningbo Group, a leading company in the region, received multiple honors at the 20th anniversary event of the Ningbo Foreign Trade Association on March 29, 2023. The ceremony, attende...Read more -
Draw 8 key directions! China Russia Economic and Trade Rush 200 Billion US Dollars! Chinese enterprises actively fill gaps in the Russian market
2023 March 31 On the evening of March 21 local time, with the signing of the two joint statements, the enthusiasm for economic and trade cooperation between China and Russia further increased. Beyond traditional areas, new areas for cooperation such as the digital economy, green economy, and bio...Read more -
Foreign Trade Enterprises and Manufacturing Enterprises (China-Base Special Session) Matchmaking Activity Held
March 24, 2023 In order to further assist enterprises in exploring the market and boosting their confidence in development, on the afternoon of March 21st, the “Ten Chains, One Hundred Events, One Thousand Enterprises” series of activities hosted by the Municipal Bureau of Economy and...Read more
