China International Service Center

All the important news about going global in a week can be found at the forefront of the global expansion.

This week, Chinese enterprises have accelerated their pace of going global, and the global market layout has shown a diversified trend. The easing of Sino-US economic and trade relations has promoted a nearly 300% week-on-week increase in trade orders, and the adjustment of tariffs by both sides has alleviated the pressure on exports. China's visa-free policy for five countries including Brazil will take effect in June, helping enterprises to deeply cultivate the South American market.

In the technology field, the UAE has signed a $200 billion chip and AI infrastructure agreement with the United States, focusing on competition in the technology field; while Jiushi Intelligence in China has cooperated with the UAE Post to jointly build a Middle East autonomous driving logistics platform. In the consumer field, new tea drink brands such as Mixue Bingcheng and Guming have intensively listed on the Hong Kong Stock Exchange, expanding their overseas stores with the help of capital. China's automobile exports have performed remarkably: the full-industry chain going-global model of automobile enterprises such as BYD and SAIC has gradually matured. Generally speaking, policy support, technological breakthroughs and capital assistance are driving Chinese enterprises to shift from passive adaptation to active layout, but compliance pressure and localization challenges still exist.

Let's read this week's overseas expansion news to learn about the latest trends in going global.

The Ministry of Commerce released a joint statement on the Sino-US economic and trade talks in Geneva

The Ministry of Commerce released a joint statement on the Sino-US economic and trade talks in Geneva. Both sides promised to take the following measures before May 14, 2025:

The United States will (1) modify the ad valorem tariffs imposed on Chinese goods (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) as stipulated in Executive Order No. 14257 of April 2, 2025. Among them, the 24% tariff will be suspended for the initial 90 days, while retaining the right to impose the remaining 10% tariff on these goods as stipulated in the executive order; (2) cancel the additional tariffs imposed on these goods according to Executive Order No. 14259 of April 8, 2025 and Executive Order No. 14266 of April 9, 2025.

China will (1) correspondingly modify the ad valorem tariffs imposed on US goods as stipulated in Announcement No. 4 of the Tariff Commission in 2025. Among them, the 24% tariff will be suspended for the initial 90 days, while retaining the right to impose the remaining 10% tariff on these goods, and cancel the additional tariffs imposed on these goods according to Announcement No. 5 and No. 6 of the Tariff Commission in 2025; (2) take necessary measures to suspend or cancel the non-tariff countermeasures against the United States since April 2, 2025. (36Kr)

China implements a visa-free policy for five countries including Brazil

On May 15, according to the Consular Department of the Ministry of Foreign Affairs of China, in order to further facilitate the exchange of personnel between China and foreign countries, China has decided to expand the scope of visa-free countries. From June 1, 2025 to May 31, 2026, citizens of five countries including Brazil, Argentina, Chile, Peru and Uruguay holding ordinary passports can enter China without a visa for business, tourism, visiting relatives and friends, exchanges and visits, and transit for no more than 30 days. Those who do not meet the visa-free conditions still need to obtain a Chinese visa before entering the country. (Beijing Business Daily)

After the mutual reduction of tariffs, the booking volume of container transportation from China to the United States has soared by nearly 300%

It was learned on the 14th local time that data released by the trade tracking agency Vizion showed that after the mutual reduction of tariffs between the United States and China, the booking volume of container transportation from China to the United States placed by US companies has soared by nearly 300%. Ben Tracy, the vice president of strategic business development at Vizion, said that the seven-day average booking volume as of May 5 was 5,709 twenty-foot equivalent units (TEUs), while the seven-day average booking volume as of May 14 soared by 277% to 21,530 TEUs. (CCTV News)

The UAE has reached an agreement worth more than $200 billion with the United States

According to the UAE News Agency on May 15, UAE President Mohammed bin Zayed Al Nahyan met with US President Trump, who was on a visit to Abu Dhabi that day, and the two sides reached an agreement worth more than $200 billion. The report said that the agreement involves cooperation in aviation, aluminum, oil and gas and other fields, and the two sides also discussed the regional and international situation.

Earlier that day, the leaders of the two countries jointly attended the launch ceremony of a 5-gigawatt (GW) artificial intelligence project in Abu Dhabi. According to a statement issued by the White House on the 15th, the United States and the UAE signed an economic agreement worth more than $200 billion that day, strengthening cooperation between the two sides in aviation, energy, rare earths and artificial intelligence and other fields. (Xinhua News Agency)

The trade volume between China and Latin America reached a record high of more than $518.4 billion last year

It is learned from the Ministry of Commerce that in recent years, the economic and trade cooperation between China and Latin American and Caribbean countries has continued to expand, and a series of fruitful results have been achieved. Bilateral trade has continued to grow. In 2024, the trade volume between China and Latin America reached $518.47 billion, a record high, an increase of 6.0% year-on-year. From January to March 2025, the total trade volume between China and Latin America was $118.3 billion, of which China's exports were $65.73 billion and China's imports were $52.58 billion. Mutual investment has continued to expand. In 2024, China's direct investment flow to Latin America was $14.71 billion. From January to March 2025, China's full-industry direct investment in Latin America was $270 million. As of March 2025, Latin American countries had累计 invested in setting up 37,000 enterprises in China. (CCTV News)

The scale of the Southeast Asian e-commerce market will reach $410 billion

According to the "Nextwave Southeast Asia 2025" report jointly released by DBS Bank and Cube, the scale of the Southeast Asian e-commerce market is expected to expand at an average annual growth rate of 14%, jumping from $184 billion in 2024 to $410 billion in 2030. Since 2012, the e-commerce sales in this region have soared 46 times, and the penetration rate of the platform economy has continued to increase. Currently, the industry presents three major trends: leading enterprises achieve profitability through logistics integration and fee adjustment. (Baijing Cross-border)

The international road transport route from China to Hanoi, Vietnam, has been officially opened

At 10:40 on May 14, with the sound of the departure order, a transport fleet carrying electronic components, fresh vegetables and general merchandise set off simultaneously from Nanning in Guangxi and Kunming in Yunnan and headed for Hanoi, Vietnam. This marks the first time that Chinese freight vehicles have entered the hinterland of Vietnam with the certificates of the Greater Mekong Subregion Cross-Border Transport Agreement for Facilitation of Goods and People (CBTA). The international road transport route from China to Hanoi, Vietnam, has been officially opened, and the two transport routes connect China to Hanoi, Vietnam, through the Hekou Port and the Friendship Pass Port. (People's Daily)

In the first four months of this year, China's imports and exports to Chile exceeded 160 billion yuan, a record high

Since the establishment of diplomatic relations between China and Chile in 1970, the two sides have achieved fruitful results in trade cooperation. According to customs statistics, in the first four months of this year, China's imports and exports to Chile reached 163.19 billion yuan, a record high for the same period in history, an increase of 5.4% year-on-year, 3 percentage points higher than the overall growth rate of China's imports and exports. Since the entry into force of the China-Chile Free Trade Agreement, the bilateral trade volume has rapidly increased, expanding from 70.85 billion yuan in 2006 to 437.95 billion yuan in 2024, with an average annual growth rate of 11.2%. (CCTV News)

Jiushi Intelligence and the UAE Post Group have signed a joint venture agreement to jointly build a Middle East autonomous driving logistics platform

Jiushi Intelligence and the UAE National Post Group (Emirates Post Group Company, referred to as "UAE Post") officially signed a joint venture agreement today. According to the agreement, the two sides will jointly invest to establish a joint venture in the UAE, focusing on urban logistics services based on L4-level autonomous driving technology. In the future, the joint venture company will take the UAE as its regional headquarters and continuously expand its service coverage to the Gulf Cooperation Council (GCC) countries and the broader Middle East region.

According to the development plan of the joint venture, the project is expected to complete the application and approval process for relevant licenses for autonomous driving vehicles in the UAE in 2025 and officially launch commercial operations in 2026. In the initial stage of operation, it will mainly serve the internal distribution business of the UAE Post, and in the future, it will gradually expand to diversified logistics services for third-party customers. (TMTpost)

Ant Digital Technology's enterprise-level AI products are going global across the board, accelerating the intelligent upgrade of overseas markets

Recently, during the Dubai Fintech Summit 2025, Chen Yishi, the person in charge of Ant Digital Technology's international business, revealed in a speech that Ant Digital Technology's enterprise-level AI products are going global across the board to serve the digital and intelligent upgrade of overseas market customers. It is understood that this is also the first time that Ant Digital Technology has demonstrated its full-stack AI product matrix in the overseas market. Chen Yishi said: "Cutting-edge technologies represented by large models are reshaping financial services, bringing about changes in efficiency and experience. Ant Digital Technology has accumulated rich AI technology and industry practice in the domestic market. We will strengthen our overseas localization operation strategy to help more overseas institutions enjoy the development dividends brought by technological innovation." (36Kr)

Brazilian President Lula met with GAC Group, and GAC Group clarified its plan for local production in Brazil

According to the official WeChat account of GAC Group, on May 12, during Brazilian President Luiz Inácio Lula da Silva's visit to China, he met and exchanged views with Wei Haigang, the general manager of GAC International, in Beijing. The two sides had in-depth exchanges on topics such as the phased results of GAC's entry into Brazil, GAC's development plan in the Brazilian market, and promoting the cooperation between China and Brazil in the green travel industry. In the talks with President Lula, GAC Group clarified its plan for local production in Brazil. (36Kr)

JD Logistics' first self-operated overseas warehouse in Mexico has been opened for operation

According to a message on May 15, JD Logistics recently held an opening ceremony for its first self-operated overseas warehouse in Mexico City, the capital of Mexico. This is JD Logistics' first self-operated overseas warehouse in Mexico, with a storage area of more than 40,000 square meters. It mainly provides warehousing and logistics fulfillment services for an internationally renowned fast-fashion e-commerce enterprise in Mexico. With JD Logistics' efficient supply chain logistics system, it helps products to be delivered within one day at the fastest in Mexico, serving Mexican consumers faster and better. (Yibang Power)

Changan Automobile's Rayong factory in Thailand, with a total investment of about 10 billion Thai baht, has been officially put into production

According to a message on May 16, the commissioning ceremony of Changan Automobile's Rayong factory and the offline ceremony of its 28.59 millionth global cumulative production vehicle were held in Thailand. It is reported that the total investment in Changan Automobile's Rayong factory is about 10 billion Thai baht, and the factory has a production capacity of 100,000 vehicles per year, which will gradually expand to 200,000 vehicles per year in the future. (TMTpost)

BYD's European headquarters will be located in Hungary

According to a message on May 16, BYD held an official announcement ceremony for its European headquarters in Budapest, Hungary, on the 15th local time. BYD's European headquarters is located in the 11th district of Budapest, adjacent to the Danube River, with the advantages of a transportation hub and an industrial cluster. It undertakes three core functions: sales and after-sales, vehicle certification and testing, and local design and function development of vehicle models, and will create thousands of jobs. In the R & D field, BYD's European headquarters will first focus on in-depth research on intelligent assisted driving technology and next-generation vehicle electrification technology. In the future, BYD will carry out joint scientific research with at least three Hungarian universities and cooperate with local suppliers and enterprises to promote the upgrading of the new energy vehicle industry chain. (TMTpost)

JD Logistics' first self-operated overseas warehouse in Mexico has been opened for operation

Goldman Sachs predicts: China's exports will boom in the next 90 days

Industry insiders expect that trade between China and the United States will increase significantly in the next 90 days. As the negotiators of both sides strive to make further progress in consultations, enterprises will compete to increase their inventory reserves, especially American importers may launch a new round of buying sprees. Given that American importers will have a clear window period of significantly reduced import costs in the next three months, Philip Sun, an analyst at Goldman Sachs, said that China's exports will boom in the next 90 days. "Frontrunning" will be the keyword." (TMTpost)

Consumer enterprises are intensively listing overseas, and the concept of "new consumption" has stood at the capital's tuyere

Since the second half of 2024, it has become a common practice for consumer enterprises to list overseas. It is understood that since 2025, consumer enterprises such as tea drink brands Mixue Bingcheng, Guming, Hushang Ayi and霸王茶姬 have listed on the Hong Kong Stock Exchange and the US Stock Exchange one after another. At the same time, many consumer enterprises such as Laoxiangji, Yujian Xiaomian, Lvcha and Mingming Henmang are in the process of listing. Regarding this wave of consumer enterprises listing overseas, analysts pointed out that in line with the policy of promoting consumption, on the one hand, the past few years were the peak period of consumer equity investment; on the other hand, currently, leading consumer enterprises are facing the need for internationalization, and listing will help their international expansion and brand improvement to integrate more resources. (Securities Times)

The Qatar Wealth Fund plans to invest $500 billion in the United States in the next decade

Mohammed Al Sowaidi, the director of the Qatar Investment Authority (QIA), has promised to invest $500 billion in the United States in the next decade. The current capital scale of the institution is $524 billion. These large-scale new expenditures will target the fields traditionally favored by the fund, such as artificial intelligence, data centers and healthcare, and also conform to the US re-industrialization agenda of US President Trump, who is on a visit. This $500 billion accounts for almost half of the total $1.2 trillion in economic assistance that Qatar promised during Trump's visit this week.

China's largest photovoltaic energy + LNG dual-fuel vehicle transport ship has been delivered and set sail on its maiden voyage

According to a message on May 15, a new member has been added to China's fleet of vehicle transport ships for overseas exports: the country's largest photovoltaic energy + LNG dual-fuel vehicle transport ship was officially named the "Yuanhaikou" in Nansha, Guangzhou, and was delivered and set sail on its maiden voyage. The ship is fully loaded with vehicles produced by Chinese brands, more than 90% of which are new energy vehicles, and is heading for countries such as Greece, Turkey, Italy and Tunisia. The ship's maiden voyage is on the "China - Mediterranean" liner route, with a one-way voyage of about 30 days, which can save nearly one-third of the time compared with ordinary routes, greatly reducing the transportation time for Chinese automobile enterprises. Relying on the feeder network with the Port of Piraeus as the hub, the route service network can cover many European countries such as France and Spain, as well as major countries in North Africa and ports in the Black Sea region. (CCTV News)

The in-app purchase revenue of global short dramas reached nearly $700 million in the first quarter of this year

According to statistics from Sensor Tower, in the first quarter of 2025, the in-app purchase revenue of global short dramas approached $700 million, nearly four times that of the first quarter of 2024. As of March 2025, the cumulative in-app purchase revenue of global short dramas approached $2.3 billion. The United States is the market with the highest revenue from global short dramas. In the first quarter of 2025, it increased by 20% quarter-on-quarter to nearly $350 million, accounting for 49% of the total global short drama revenue in that quarter. It is a must - compete market for short dramas going global, and the competition is very fierce. (Securities Times)

Wu Yongming, CEO of Alibaba Group: AI is a historical opportunity to shape a second growth curve driven by technology

At the Alibaba earnings conference call, Wu Yongming, the CEO of Alibaba Group, shared two latest trends in the AI field: first, in large and medium - sized enterprises, the application of AI has begun to penetrate from internal systems to user - side scenarios; second, the customers who actively use AI products have extended from large and medium - sized enterprises to a large number of small and medium - sized enterprises. "In fiscal year 2026, we will continue to focus on the core business growth of e - commerce and AI + cloud. In the medium and long term, we will shape a second growth curve driven by technology." Wu Yongming said. (The Paper)

The 7th China Western International Investment and Trade Fair will be held in Chongqing from May 22 to 25

The 7th Western China International Fair will continue with the theme of "New Western China, New Manufacturing, New Services". Currently, 972 enterprises from 39 countries and regions and more than 20 provincial and municipal delegations in China have signed up to participate in the exhibition, and the proportion of exhibitors from outside the city exceeds 50%. Many Fortune Global 500 enterprises, large central state - owned enterprises, well - known private enterprises, "specialized, refined, characteristic and innovative" small and medium - sized enterprises, as well as domestic and foreign business associations, and heavyweight guests from politics, business and academia at home and abroad will come to Chongqing to participate in the exhibition and the conference, jointly opening a new chapter in western cooperation.

This article is from the WeChat public account "Hangzhou Qiantang Enterprise Overseas Service Base", author: Qiantang Going Global, published with authorization from Qiantang.

Goldman Sachs predicts that China's exports will boom in the next 90 days; China implements visa-free policies for five countries including Brazil; T