The cumulative foreign trade volume in the Yangtze River Delta has exceeded 100 trillion yuan; Alibaba released its financial report, showing strong
This week's overseas expansion news: The cumulative foreign trade volume in the Yangtze River Delta region has exceeded 10 trillion yuan. Meanwhile, the European Union announced restrictions on Chinese enterprises' participation in public procurement of medical devices, and China clearly opposed its unilateral protectionism. The 50% tariff imposed by the United States on steel household appliances officially took effect on June 23. In emerging markets, the first regular air cargo route between China and Cuba was opened, significantly reducing the cross - border logistics time; Indonesia plans to tax e - commerce sellers, reflecting the compliance trend in Southeast Asia.
In addition, Alibaba's cross - border business revenue reached a new high, and CATL is deploying battery - swapping technology in Europe, strengthening its voice in the new energy field. At the industry level, the toy industry has received a large number of overseas orders thanks to the more than 30% global production capacity advantage of Chenghai, Shantou; the commercialization process of Chinese Robotaxi is accelerating, and Chinese autonomous driving enterprises are accelerating their layout in the Middle East and Europe. China is continuously advancing from "manufacturing going global" to "intelligent manufacturing going global".
Let's read this week's overseas expansion news to learn about the latest trends.
The cumulative foreign trade volume in the Yangtze River Delta region has exceeded 10 trillion yuan
According to the statistics of Shanghai Customs, since the integration and development of the Yangtze River Delta was elevated to a national strategy in 2018, as of May this year, the cumulative foreign trade volume in the Yangtze River Delta region has exceeded 10 trillion yuan, reaching 101.2 trillion yuan, showing strong resilience and vitality. In the first five months of this year, the import and export volume of the Yangtze River Delta region was 6.73 trillion yuan, a year - on - year increase of 5.2%, accounting for 37.5% of the total import and export value of China during the same period. (CCTV News)
The Ministry of Commerce: China firmly opposes the EU's restrictions on Chinese enterprises and products participating in its public procurement of medical devices
On June 24, when answering reporters' questions about the EU's restrictions on Chinese enterprises and products participating in its public procurement of medical devices, the spokesperson of the Ministry of Commerce said that China was strongly dissatisfied and firmly opposed to this, and urged the EU to immediately correct its wrong practices and take measures to firmly safeguard the legitimate rights and interests of Chinese enterprises.
The spokesperson said that this year marks the 50th anniversary of the establishment of diplomatic relations between China and the EU. China is willing to proceed from the overall situation of China - EU economic and trade relations, implement the important consensus reached by the leaders of both sides, and continue to properly handle economic and trade frictions through dialogue and consultation with the EU to stabilize the confidence and expectations of Chinese and EU enterprises in cooperation. (Xinhua News Agency)
The United States announced a 50% tariff on various steel household appliances! It took effect on June 23
Starting from June 23, 2025, the US Department of Commerce will impose tariffs on various steel household appliances. According to the notice from the Bureau of Industry and Security (BIS) of the US Department of Commerce, eight categories of household appliances and related products have been newly added as "steel - derived products" and are uniformly subject to a 50% tax rate. The tax amount is calculated based on the value of the steel components contained. These eight categories of products include combined refrigerators, freezers, small and large dryers, washing machines, dishwashers, horizontal and vertical freezers, cooking stoves, cooktops and ovens, food waste disposers, welded metal racks, etc.
The new rule applies to goods entering the country or being taken out of the warehouse at 00:01 am or later on June 23, 2025, Eastern Time. However, if a product uses steel raw materials melted and cast in the United States, it can be tax - exempt even if it is processed overseas. This is the second time the Trump administration has expanded the scope of tariff - imposed products since raising the import tariffs on steel and aluminum in March. (CCTV Finance)
China - Cuba trade enters the "aviation era": The Beijing - Havana freight route is opened, and the delivery time is shortened to 24 hours
On June 25 local time, the first regular international freight channel between China and Cuba was officially opened! The Beijing - Havana freight route made its successful maiden flight and will operate stably with two flights per week, and each flight can carry 20 tons of goods. Relying on the existing passenger flight resources, this route has significantly shortened the freight time between China and Cuba from dozens of days by traditional sea transportation to within 24 hours, mainly serving the transportation needs of time - sensitive goods such as high - value goods and emergency supplies. It marks a new stage of "air express" in China - Cuba economic and trade exchanges. (CCTV News)
Indonesia plans to tax e - commerce sellers, and platforms such as TikTok Shop may be affected
Reuters reported that on June 25, the Indonesian Ministry of Finance officially announced that in response to the weak domestic tax revenue, it will impose a 0.5% withholding tax on small and medium - sized e - commerce sellers with an annual turnover of between 500 million and 4.8 billion Indonesian rupiah (approximately between $34,000 and $340,000). The e - commerce platforms will withhold and pay the tax on their behalf. This change will affect the major e - commerce operators in the country, including ByteDance's TikTok Shop and domestic e - commerce platforms such as Tokopedia, Shopee, and Lazada. (Reuters)
The UAE remains the top destination for wealthy migrants, and is expected to attract nearly 10,000 millionaires in 2025
Against the backdrop of the continuous evolution of the global wealth flow pattern, the UAE is becoming a key destination for high - net - worth individuals. According to the "2025 Global Private Wealth Migration Report" recently released by Henley & Partners, this year, the UAE is expected to attract nearly 10,000 millionaires to move in, becoming the most popular migration destination for global billionaires for the second consecutive year. According to the report, from 2014 to 2024, the number of millionaires in the UAE increased by 98%. In 2024, about 6,700 billionaires moved in, ranking first in terms of inflow. In 2025, the UAE will attract high - net - worth individuals from the UK, India, Russia, Southeast Asia, and Africa, and it is expected that 9,800 billionaires will move in. (Caixin Link)
The cumulative freight volume of the first "Silk Road Maritime" stone route has exceeded 8 million tons
On June 26, 32,800 tons of stone were unloaded from the "Green Pass" ship at Haixiang Wharf in Xiamen Port, marking that the cumulative freight volume of the first "Silk Road Maritime" stone route has officially exceeded the 8 - million - ton mark. (China News Service)
Alibaba's revenue in fiscal year 2025 was 996.347 billion yuan, and its cross - border business performed strongly
On the evening of June 26, Alibaba Group released its annual report for fiscal year 2025. Its revenue was 996.347 billion yuan, and its net profit increased by 77% year - on - year to 125.976 billion yuan. Driven by the demand for AI, Alibaba Cloud's fiscal revenue achieved double - digit growth, and the revenue of AI - related products increased by three - digit year - on - year for seven consecutive quarters. The customer management revenue (CMR) of Taotian Group accelerated its year - on - year growth to 6%. In addition, with investment in user growth and experience improvement, the number of new buyers increased strongly, and the number of 88VIP members exceeded 50 million. The cross - border business performed strongly, and the fiscal revenue of the International Digital Business Group increased by 29% year - on - year. (Jiemian News)
CATL plans to introduce battery - swapping technology to Europe
On June 26, it was reported that CATL plans to introduce its battery - swapping and recycling technology to Europe. (TMTpost)
BYD reached a cooperation agreement with Austrian steel manufacturer voestalpine
On June 24 local time, BYD and the Austrian steel manufacturer voestalpine signed a cooperation agreement in Vienna, Austria. Voestalpine will supply steel for BYD's passenger car factory in Hungary. (Jiemian News)
The former co - founder of XPeng completed tens of millions of dollars in financing and launched the first electric motorcycle with intelligent driving function in Indonesia
On June 23, the emerging brand of intelligent electric motorcycles, OMOWAY (Muweikeji), recently completed tens of millions of dollars in seed - round and angel - round financing. This financing was supported by ZhenFund, Sequoia Capital China, and Huiyou Capital, and He Tao himself and the core team also participated in the investment. It is worth noting that Huiyou Capital was founded by Yang Longzhong, the co - founder of BYD, and focuses on industrial investment. (36Kr)
Temu's Japanese station fully opens to local merchants for settlement
On June 23, it was reported that Temu recently officially opened the settlement application to all local Japanese merchants. Previously, Temu only invited some Japanese sellers in an invitation - only way. After this adjustment, any merchant registered in Japan and holding inventory can apply to sell goods on the platform. This will help increase the number of Japanese enterprises selling goods on Temu. (Yien.com)
Neta Auto may need to repay the subsidy from the Thai government
According to Bangkok Post's report this week, according to Paopoom Rojanasakul, the Deputy Finance Minister of Thailand, car companies participating in the Thai government's electric vehicle subsidy program need to repay the subsidy if they fail to meet the subsidy conditions. The media said that if Neta Auto Thailand fails to meet the production target, it may need to repay more than 2 billion Thai baht (currently approximately 439 million yuan) to the Thai government.
It is reported that the subsidy provided by the Thai government is conditional on car manufacturers establishing electric vehicle production factories in the country, with the ultimate goal of domestic substitution for imports. If a company fails to meet this requirement, it must refund the subsidy. In addition, to meet the requirements, car companies need to produce vehicles in Thailand. By 2026, for every imported vehicle, they must produce 1.5 locally - made electric vehicles. The report also mentioned that according to Thailand's electric vehicle production requirements, Neta Auto Thailand needs to produce 19,000 electric vehicles in Thailand this year, but only 4,000 have been produced so far. (IT Home)
The commercialization process is accelerating, and Chinese Robotaxi enterprises are competing to go global
After Tesla launched its Robotaxi pilot service, on June 23, the travel company Hello also announced its official entry into the Robotaxi track. At the same time, domestic leading Robotaxi enterprises are expanding overseas markets in diversified ways. WeRide will cooperate with the Dubai Road and Transport Authority and Uber to deploy commercial Robotaxi travel services in Dubai; Pony.ai will operate a Robotaxi fleet in Dubai for testing. With the influx of new players and the acceleration of leading enterprises going global, the Robotaxi industry is accelerating its transition from the technical verification stage to the commercialization stage. The interviewed experts said that the overseas expansion of Robotaxi enterprises will accelerate the global commercial application of Chinese enterprises' technical solutions and enhance the innovation - driven effect. (China Finance)
Chinese toys have received a large number of overseas orders, and the plastic toy production capacity of Chenghai, Shantou, Guangdong accounts for more than 30% of the world's total
Chenghai, Shantou, Guangdong, as the largest production and trading base for the toy industry in China, has more than 50% of the national and about one - third of the world's production capacity of plastic toy products. Last year, the export value of toys in Chenghai reached 10.24 billion yuan. Recently, enterprises in Chenghai are working at full capacity to produce and deliver goods to meet the orders for overseas festivals such as Christmas. Although the shipping prices for the US route have dropped significantly, they are still about 30% higher than those during the contract - signing season at the beginning of the year. Meanwhile, the freight rates for routes to Europe and South America have increased to varying degrees. Enterprises are busy producing and delivering goods, while foreign businessmen are busy placing orders. Generally speaking, the procurement volume of foreign businessmen for Chinese toys has increased steadily this year. (CCTV Finance)
XPeng: Overseas markets are tightening the import of zero - kilometer used cars, and XPeng has not adopted this export model
Tang Zhikun, the general manager of XPeng's International Business Center, said that a large number of domestic cars are exported in the "zero - kilometer used car" mode, with destinations including the Middle East, North Africa, and Central Asia. The volume is "attractive" and can indeed contribute a large number of sales. However, XPeng is cautious and has not adopted this export model to increase short - term sales. He revealed that from this year, in fact, many overseas market governments are tightening this policy and are gradually banning the import of zero - kilometer used cars through regulations and certifications. (The Paper)
Nvidia CEO Jensen Huang: Robotics is the biggest opportunity for chip manufacturers after AI
Nvidia CEO Jensen Huang said that in addition to artificial intelligence, robotics is the market with the greatest growth potential for this chip manufacturer, and autonomous vehicles will be the first major commercial application field for this technology. On Wednesday, when answering a question from an attendee at Nvidia's annual general meeting, Huang said: "Our company has many growth opportunities, and AI and robotics are the two biggest ones, representing trillions of dollars in growth opportunities." (Sina Finance)
From June 24 to 26, the 16th Annual Meeting of the New Champions of the World Economic Forum (the "Summer Davos Forum") is in full swing
This year's Summer Davos Forum focuses on "AI +", demonstrating the global trend of AI technology integration and innovation through art exhibitions, technology applications, and industry discussions. (Guangming Net)
This article is from the WeChat official account "Hangzhou Qiantang Enterprise Overseas Expansion Service Base". Author: Zhejiang Enterprises Going Global. It is published with the authorization of Qiantang.
