Swedcham China Insights

Top news of the week: China calls for impartial investigation into the Nord Stream pipeline leaks October 3, 2022 Geng Shuang, China’s deputy permanent representative to the UN on last Friday in a speech at UN Security Council stated that the damage to the two pipelines was most likely deliberate and called for an “impartial” and “objective” investigation into the matter. He also expressed the...

According to the report published by the People’s Bank of China (PBOC), cross-border renminbi receipts and payments in non-banking sectors hit a record high of 36.6 trillion yuan (US$5.1 trillion) last year, up 29 percent year-on-year. SWIFT data shows that renminbi, whose international payment share increased to 2.7 percent in December 2021 and further increased to 3.2 percent in January 2022...

At the signing ceremony of the 19th China-ASEAN Expo held in China’s southwest city Nanning, Guangxi Zhuang Ethnicity Autonomous Region on September 16, 2022, a total of 267 investment cooperation projects were signed, with a total investment of 413 billion yuan, an increase of 37 percent over the previous one, and the contracted amount reached an all-time high.

China International Fair for Trade in Services (CIFTIS) came to an end on September 5 with more than 2,400 enterprises participating offline and hundreds of activities being held during the 6-day session. According to the preliminary statistics, CIFTIS has yielded fruitful results with 1,339 achievements including agreement signing and new product debut. China declared that its consistent...