The following is a list of the exports of China.. Data is for 2012, in billions of … Sales of refined products increased 33.1 from the previous month and those of unwrought aluminium and products went up 6.87 percent. How to book a shipment for your export to China. Exports to the United States rose 20 percent to USD 44.8 billion while those to the European Union declined 20.1 percent to USD 35.7 billion. Welcome to the U.S. Commercial Service China! violate the requirements regarding the management of end-users and end-uses; may endanger national security or national interests; or. Interestingly, according to the ECL, importers and end-users can apply to SECADs asking to be removed from the list, if the circumstances that initially justified the inclusion under the list have been eliminated. China enforces new export controls, red letter day for rare earths New law means China now has a mechanism to further reduce rare earth exports; and prices of these mineral elements have continued to rise, while some China hawks are calling for exports to the US and Japan to be cut to zero as 'retaliation for Huawei' If there is no illegal turnover or the illegal turnover is less than RMB 200,000, a fine ranging from RMB 200,000 to RMB 2 million (about US$ 302.343), shall be imposed. That comes despite a sharp appreciation in the yuan in recent months, supported by strong overseas demand for personal protective equipment (PPE) and electronics products for working from home, as well as seasonal Christmas demand. In 2016-17, NSW exported $7.2 billion worth of goods to China, ranking it the state’s second largest market for merchandise exports. China dominates world export markets despite US trade war. 7. If there is no illegal turnover or the illegal turnover is less than RMB 100,000, a fine ranging from RMB 100,000 to RMB 500,000 (about US$ 75.546) shall be imposed. The year 2020 challenged businesses around the world with the early breakout of the pandemic. U.S. Imposes Aerospace Export Controls on China, Russia. Other factors under the applicable laws and administrative regulations. including the most recent legal, tax and accounting changes that affect your business. The ECL applies to the so-called “controlled items” and to the technical information and data related to such items. China’s global export share increased to over 13% in the second and third quarters from 11% last year, according to Nomura, the highest for any … It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. On October 17, 2020, the National People’s Congress Standing Committee passed the ECL to unify the pre-existing legal framework composed of several regulations, with the aim of fulfilling international obligations, safeguarding national security and national interests, and enhancing export control by introducing restrictions on the export of specific items. Other major export categories were: miscellaneous manufactured articles (23 percent) on the back of furniture and parts thereof (3 percent); manufactured goods classified chiefly by material (16 percent) such as textile yarn, fabrics, made-up articles (5 percent), manufactures of metals (4 percent) and iron and steel (2 percent); chemicals and related products (6 percent); and food and live animals (3 percent). Queensland is facing a “potentially devastating” shock from China’s increasingly hostile trade war. This provision reveals the Chinese government’s intention to adopt any measure deemed appropriate to respond to export restrictions set by other countries towards China. The UK, Taiwan, Singapore, Malaysia, Russia, Australia, Indonesia, Thailand and the Philippines accounted for 2 percent each. The ECL imposes obligations not only on exporters located in China, but also on end-users and importers who have specific duties under this law and may be subject to heavy restrictions. When applying for the license, the export operators shall submit documents certifying end-users and end-use of the items. This marked the third straight month of increase in overseas sales and the fastest rate since March of 2019, amid further improvement in global demand as more countries lifted coronavirus-led restrictions. Notably, it is also provided that where the export control violation constitutes crime, criminal penalties shall also apply, and any person who is subject to criminal penalty for export violation shall not engage in export activities over their lifetime. It is worth noting that a first step in this direction was already taken in August this year, when China amended the Catalogue of technologies prohibited or restricted from export by adding among the restricted items, speech recognition and recommendation technology – thereby giving the Chinese government the opportunity to intervene in the sale of TikTok’s US operation. When an export control violation occurs, the imposed penalties may consist of warnings, orders to suspend the illicit behaviour, confiscation of the illegal income, and fines, the amount of which depends on the offense and on the amount of illegal income. Indeed, such measures shall also be applied to further items indicated under control lists, directories, and catalogues to be issued by the departments of the State Council and the Central Military Commission (“State Export Control Administrative Departments” or SECADs) from time to time. The train is said to be carrying 1,400 refrigerators in 42 containers and travel a total of 8,693 kilometers (5,402 miles). Asian countries' supply chain dependence deepens, with RCEP set to boost trend. The list, which The Register has passed through two machine translation services, restricts exports of VPNs, chips with encryption functions used in finance industry applications, key management products and cryptanalysis equipment. Hence, companies must carefully evaluate their compliance with the law and, in case it is required, adjust their businesses accordingly. Exports from China soared 9.5 percent year-on-year to USD 235.3 billion in August of 2020, above market forecasts of a 7.1 percent growth and after a 7.2 percent rise a month earlier. All cancel shipment - We are charging container detention from the first day without applying any free time for customers who are returning an unused empty container to a depot after cancelling an export shipment. With iContainers, booking a your export to China is easier than ever. On the other hand, the EU is finalizing a plan concerning the export control on technologies, including dual-use technologies, under which companies will be required to obtain a license to sell such products abroad. Chinese exports have been supported by record shipments of medical supplies and robust demand for electronic products over the past several months. Starting December 1, 2020, it will regulate the export of sensitive materials and technologies from China to overseas, obliging both, Chinese exporters and foreign customers, to carefully review their compliance to Beijing’s export control policy or be liable to get penalized. business; China export shock threat to QLD economy. Export growth has been a major component supporting China's rapid economic expansion. The ECL includes five chapters covering general provisions, control policies, control lists and control measures, regulations, legal liabilities, and supplementary provisions – with a total of 49 articles. National security and national interests; International obligations and commitments; Destination country or region of the export; Credit record of the export operator; and. This is what you need to know. Our office is part of a global network of trade specialists dedicated to assisting U.S. commercial interests worldwide. Stay Ahead of the curve in Emerging Asia. Sorry, your blog cannot share posts by email. China is restructuring its economy to focus on higher value manufacturing, services and environmental sustainability, providing new opportunities for NSW businesses to export their expertise. use controlled items for terrorist purposes. In case of forgery, falsification, purchase, or sale involving export licenses, the fine that may be imposed will be greater than five times and smaller than 10 times the illegal turnover – if the illegal turnover is more than RMB 50,000 (about US$ 7.554). Exports from China jumped 21.1 percent year-on-year to an all-time high of USD 268.07 billion in November 2020, the fastest growth since February 2018 and well above market consensus of a 12 percent increase, as global demand recovered further from the COVID-19 crisis. On October 17, 2020, the Export Control Law of the People's Republic of China (“EC Law”) was finally promulgated after three rounds of deliberation by the 13 th National People's Congress. China’s Export Control Law (“ECL”), which comes into effect December 1, this year, will tighten up the country’s export’s supervision regime through strict monitoring and imposition of penalties. More specifically, in 2019, China exported nearly RMB 2.96 trillion (US$434 billion) worth of merchandise to the European Union – immediately followed by the United States – counting technologies among its top export goods, … China’s control over the pandemic is widening its divergence with other major nations, many of which are now re-imposing virus restrictions amid new waves of cases. China’s global export share increased to over 13% in the second and third quarters from 11% last year, according to Nomura, the highest for any … The exhibition organizer must obtain advance approval from China Customs, provide certain shipping documents and a list of items to be exhibited, and coordinate with China … An Export license, or Export permit, is a document issued to companies by The ECL provides that the SECADs shall issue a restricted list mentioning the importers and end-users that: Against those mentioned under this list, the SECADs can either prohibit or restrict deals regarding the export of the controlled items, suspend the export of such items, and withhold export licensing facilitation measures. By contrast, China's exports of unwrought aluminum, and aluminum products fell 2% year-on-year to 418,893 tonnes. All cancel shipment - We are charging container detention from the first day without applying any free time for customers who are returning an unused empty container to a depot after cancelling an export shipment. Toys and games was the fastest grower among the top 10 export categories, up by 10.7% from 2018 to 2019. With China’s long coastline, many of the key ports are very strategically placed, providing you with basically endless options to ship containers to China. Dec 23, 2020 - 10:28 AM. Chinese ceramics made mainly for export go back to the Tang dynasty if not earlier, though initially … Exports from China jumped 11.4 percent year-on-year to USD 237.18 billion in October 2020, following a 9.9 percent gain a month earlier and beating market consensus of 9.3 percent growth. This marked the fifth straight month of increase in outbound shipments and the fastest in 19 months, as global demand recovered further from the coronavirus hit. With this perspective, the ECL appears to be setting the legal ground for Chinese authorities to fight back against the export control regime recently adopted by the US, which has targeted leading Chinese companies, such as Huawei Technologies Co., the Semiconductor Manufacturing International Corp., etc. The Trading Economics Application Programming Interface (API) provides direct access to our data. China Industrial Profits Rise 2.4% YoY in January-November, FDI Into China Rises 6.3% in Jan-November, China Could Make Targeted Policy Adjustment, China Industrial Output Rises the Most in 20 Months, China Fixed Asset Investment Growth Matches Estimates, Turkish Business Sentiment Improves in December, US Stocks End Shortened Session in the Green, Egypt Keeps Rates Steady, Sets New Inflation Target. China Briefing is written and produced by Dezan Shira & Associates. In contrast, sales of refined products tumbled 30.5 percent and those of steel products plunged 28.2 percent. China's New Export Control Law: A Fact Sheet With Practical Applications. If there is no illegal turnover or the illegal turnover is less than RMB 50,000, a fine ranging from RMB 50,000 to RMB 500,000 (about US$ 75.546) shall be imposed. South China ports - Only apply for In Gauge cargo, No Free Storage for OOG. Chinese exports have been boosted by record shipments of medical supplies and robust demand for electronic products. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. China has restricted export of encryption technologies in the first list on new items published under new export control laws. But for policymakers, the export boom has been a welcome one in a tough year. The practice assists foreign investors into China and has done so since 1992 through offices in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Hangzhou, Ningbo, Suzhou, Guangzhou, Dongguan, Zhongshan, Shenzhen, and Hong Kong. may endanger the national security or national interests; may be used for designing, developing, producing, or using weapons of mass destruction; or. UK Export Finance (UKEF) has significant risk capacity to support exports to China. and grow their operations. After an early reliance on state-led investment to spur the economy, the latest figures show China’s recovery has broadened out to consumers, with spending on goods like cosmetics and jewelry picking up strongly. China Transhipment China Transhipment 20'OT/FR Container 40' OT/FR Container China Transhipment 5. Please contact the firm for assistance in China at china@dezshira.com. Starting December 1, 2020, it will regulate the export of sensitive materials and technologies from China to overseas, obliging both, Chinese exporters and foreign customers, to carefully review their compliance to Beijing’s export control policy or be liable to get penalized. It is worth noting that the ECL expressively provides that any organization or individual – outside of the territory of the People’s Republic of China – that violates the provisions of the ECL in relation to the administration of export control, endangers China’s national security and national interests, and hinders the performance of non-proliferation and other international obligations, shall be subject to investigation and legal liability in accordance with the ECL. Also, exports of unwrought aluminum fell 2 percent. Sales to Japan, however, dropped 2.7 percent. China's factory recovery steps up as export, consumer demand … Export to China... We have over 10 years of experience dealing with China, and offer end-to-end Export to China. Oct 1, 2020 - 5:36 PM. The U.S. Commercial Service in China offers valuable assistance to American businesses exporting goods and services to China. China’s export machine has flourished during the Covid-19 crisis, with growth over recent months supported by international appetite for its medical equipment and electronics products. Robust shipments of medical supplies and electronic products have supported sales over the past several months while reduced manufacturing capacity in some countries also benefited China. This page provides - China Exports - actual values, historical data, forecast, chart, … The ECL also extends Chinese jurisdiction even beyond the national territory, by providing penalties and obligations binding on importers, end-users, and, more generally, by subjecting organizations and individuals located outside of the territory of the People’s Republic of China to its export control provisions. We also maintain offices assisting foreign investors in Vietnam, Indonesia, Singapore, The Philippines, Malaysia, Thailand, United States, and Italy, in addition to our practices in India and Russia and our trade research facilities along the Belt & Road Initiative. Hence, China’s Export Control Law appears, again, as a means through which China can safeguard its interests and ensure reciprocity against other countries’ export control policies. Contact one of UKEF ’s export finance advisers for free and … With reference to other violations, such as fraud and bribery, the authorities shall withdraw the approval and revoke the export license, confiscate any illegal income, and impose a fine that is greater than five times and smaller than 10 times the illegal turnover – if the illegal turnover is more than RMB 200,000 (about US$ 30.218). China passed a law restricting exports of controlled items, allowing the government to act against countries that abuse export controls in a way that harm's China's interests, state media said. In this regard, the ECL states that end-users shall undertake not to alter the end-use of the items, nor assign them to any third-party without the approval of the SECADs, and if an export operator or importer becomes aware of any possible change of the end-users or end-use – they should immediately report to the SECADs. Our subscription service offers regular regulatory updates, China’s Export Control Law is the first comprehensive export control legislation put out by Beijing. The EU and US were the largest destinations of China's shipments, accounting for 17 percent of exports each, followed by Hong Kong (11 percent), Japan (6 percent), South Korea (4 percent), Vietnam (4 percent), Germany (3 percent), India (3 percent) and the Netherlands (3 percent). Furthermore, under the ECL, the State will also control the transit, trans-shipment through transportation, re-export of controlled items, or the export of controlled items from bonded areas, export processing zones, other areas subject to special customs supervision zones, and regulated bonded places, such as regulated export warehouses and bonded logistics centers. Contact our Business Advisory Team, Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Reddit (Opens in new window), Click to email this to a friend (Opens in new window), China Again Suspends Entry of Foreigners, Cites COVID-19 Risk, Exporting Meat Products to China During COVID-19: What You Need to Know, Dezan Shira & Associates' Service Brochure, Restructuring Your China Business to Outperform in the New Normal, Optimizing Your China Accounting and HR Processing with Cloud Technology. Even though the ECL does not target any specific country, it clearly states that “if any country or region abuses export control measures to endanger the national security and national interests of the People’s Republic of China, the People’s Republic of China may, based on the actual situation, take reciprocal measures against that country or region”. Download historical data for 20 million indicators using your browser. Previous Article « China Again Suspends Entry of Foreigners, Cites COVID-19 Risk, Next Article Exporting Meat Products to China During COVID-19: What You Need to Know ». The first China-bound export train to travel on the Baku-Tbilisi-Kars (BTK) railway departed Kazlicheshme station in Istanbul on Friday.. The SECADs shall approve, or not, the export of the items based on their assessment of the following: The ECL provides that the State shall exercise export control over the export of the above-mentioned items, meaning that the State shall apply prohibitive or restrictive measures on transfers of controlled items from China to overseas, and on provisions of controlled items by any citizen or incorporated or non-incorporated organization of the People’s Republic of China to any foreign organization or individual. China’s top 10 exports accounted for approximately two-thirds (67.6%) of the overall value of its global shipments.