Breaking Developments: “”This demonstrates China’s commitment to forge a global development partnership, under which no country or individual should be left behind,” Zhu Qiucheng, CEO of Ningbo New Oriental Electric Industrial Development, an exporter of home furnishing products, told the Global Times on Friday.High-tech, high-qualityChina’s foreign trade, while with increasing imports from more countries and keeping a stable growth in 2024, also improved its mix, with exports of high-quality and high-tech products particularly increased.Specifically, mechanical and electrical products accounted for nearly 60 percent of exports in the first 11 months, of which automatic data processing equipment and its parts, integrated circuits and automobiles exports grew by double digits, according to GAC data.Exports of the “new trio,” namely, electric vehicles, lithium-ion batteries, and photovoltaic products, have World Timesbecome China’s new business cards in the world.
Summary Starting from December 1, 2024, China gave zero-tariff treatment for 100 percent tariff lines to LDCs. China…