may endanger the national security or national interests; may be used for designing, developing, producing, or using weapons of mass destruction; or. 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 … Coleal Ousted in Bombardier Consolidation Move. Asian countries' supply chain dependence deepens, with RCEP set to boost trend. UK Export Finance (UKEF) has significant risk capacity to support exports to China. In addition, the SECADs shall also exercise temporary control over goods, technologies, and services not mentioned under the export control lists and shall enforce this control for a period of two years before determining whether or not to list such items on a control list. Exports in China averaged 689.96 USD HML from 1981 until 2020, reaching an all time high of 2680.74 USD HML in November of 2020 and a record low of 12.50 USD HML in February of 1983. The ECL also foresees that any third-party that provides agency, shipping, delivery, customs clearance, third-party e-commerce trading platform, financial, and other services to any export operator, knowing such operator engages in export control violations, they shall be sanctioned with warnings, orders to stop the illicit conduct, confiscation of illegal income, and a fine greater than three times of and smaller than five times of the illegal turnover – if the illegal turnover is more than RMB 100,000 (about US$ 15.109). Sorry, your blog cannot share posts by email. The Trading Economics Application Programming Interface (API) provides direct access to our data. In contrast, sales of refined products tumbled 30.5 percent and those of steel products plunged 28.2 percent. 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”. China Briefing is written and produced by Dezan Shira & Associates. 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. 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. Other factors under the applicable laws and administrative regulations. 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. Among major trade partners, sales were up to the US (46.1 percent), the EU (8.6 percent), ASEAN (8.8 percent), Japan (5.6 percent), South Korea (9.5 percent), Taiwan (18.1 percent) and Australia (22.6 percent). U.S. Imposes Aerospace Export Controls on China, Russia. Dec 23, 2020 - 10:28 AM. Thus, to assess the impact of the ECL at the international level, it will be necessary to monitor the relationships among China, US, and EU, as well as other countries since it is already clear that the ECL scope covers enterprises (and individuals) located both in China and abroad. China… Chinese export porcelain includes a wide range of Chinese porcelain that was made (almost) exclusively for export to Europe and later to North America between the 16th and the 20th century. Our office is part of a global network of trade specialists dedicated to assisting U.S. commercial interests worldwide. More specifically, under the ECL – the notion of controlled items includes dual-use items, military items, nuclear items, technologies, services and items related to the maintenance of national security and national interests and to the performance of anti-proliferation, among others. Most businesses with experience in China are accustomed to the complex, paper-intensive, and laborious manual ... Dezan Shira & Associates helps The first China-bound export train to travel on the Baku-Tbilisi-Kars (BTK) railway departed Kazlicheshme station in Istanbul on Friday.. business; China export shock threat to QLD economy. Don’t think you can sell everything. 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. Stay Ahead of the curve in Emerging Asia. The year 2020 challenged businesses around the world with the early breakout of the pandemic. In contrast, shipments fell for steel (-0.62 percent), rare earths (44 percent) and grains (-36.77 percent). 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. But for policymakers, the export boom has been a welcome one in a tough year. 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. 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. Dezan Shira & Associates´ brochure offers a comprehensive overview of the services provided by the firm. 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. 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. Besides this, the ECL also provides that export operators shall not enter any transactions with importers or end-users included in the restricted list. 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. Whether wares made for non-Western markets are covered by the term depends on context. 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. South China ports - Only apply for In Gauge cargo, No Free Storage for OOG. 1981-2020 Data | 2021-2022 Forecast | Calendar | Historical | Chart. More specifically, in 2019, China exported nearly RMB 2.96 trillion (US$434 billion) worth of merchandise to the European Union – immediately followed by the United States – counting technologies among its top export goods, … Exports from China jumped 21.1 percent year-on-year to an all-time high of USD 268.07 billion in November 2020, the fastest growth since February 2018 and well above market consensus of a 12 percent increase, as global demand recovered further from the COVID-19 crisis. Hence, China’s Export Control Law appears, again, as a means through which China can safeguard its interests and ensure reciprocity against other countries’ export control policies. The export operator who refuses or obstructs any regulatory inspection, can receive a warning, but can be also punished with a fine ranging from RMB 100,000 (about US$ 15.109) to RMB 300,000 (about US$ 45.328). 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. If you want to export to China, you have to understand the consumer’s expectations before entering. Our subscription service offers regular regulatory updates, Publish your articles and forecasts in our website. How to book a shipment for your export to China. This page provides - China Exports - actual values, historical data, forecast, chart, … China’s Export Control Law is the first comprehensive export control legislation put out by Beijing. businesses establish, maintain, Contact our Business Intelligence Team, Have a question? 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. 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. When applying for the license, the export operators shall submit documents certifying end-users and end-use of the items. The ECL states that for a period of five years from the date of the punishment, the SECADs will not accept any export license application made by the punished exporter and will not allow any person responsible for the violation to engage in relevant exporting activities. Australia Braces for Coal Export Ban as Relations With China … Export to China... We have over 10 years of experience dealing with China, and offer end-to-end Export to China. In case of serious violations – such as unlicensed exportation of controlled items without obtaining the qualification for export operations, exporting controlled items without approval, exporting controlled items beyond the approved scope specified in the export license, or exporting controlled items that are prohibited from being exported,  or engaging in unlicensed transactions with importers or end-users listed under the restricted list – a fine of up to RMB 5 million (about US$ 755.857) or 10 times the gains made from the illegal activities may be imposed, together with business suspension and revocation of export business qualification. With iContainers, booking a your export to China is easier than ever. Chinese ceramics made mainly for export go back to the Tang dynasty if not earlier, though initially … 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. 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. The train is said to be carrying 1,400 refrigerators in 42 containers and travel a total of 8,693 kilometers (5,402 miles). 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. China’s Export Control Law is the first comprehensive export control legislation put out by Beijing. Trade: In August 2020, the top exports of China were Telephones ($12.3B), Computers ($9.26B), Integrated Circuits ($5.09B), Other Cloth Articles ($4.7B), and Models and Stuffed Animals ($3.3B). 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. 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. Oct 1, 2020 - 5:36 PM. The SECADs have strong investigative power and, in case of any suspected export control violation, may take the several measures ranging from on-site inspections, interviews, duplicating documents, inspecting means of transport used for export, confiscation and seizure of items, and bank-account examinations.