At the Forefront of Going Global | Cancellation of Export Tax Rebates for Photovoltaic Products; China-Central Asia Goods Trade Volume Exceeds $100 B
Major Overseas Expansion Events
Ministry of Commerce: Firmly Opposes the EU Listing Some Chinese Enterprises as High - Risk Suppliers
At the regular press conference held by the Ministry of Commerce on January 22, He Yongqian, the spokesperson of the Ministry of Commerce, said in response to relevant questions that the EU recently issued relevant documents, mandating member states to exclude so - called "high - risk suppliers" in 18 key industries such as energy, transportation, and ICT service management. China expresses serious concern about this. Chinese enterprises have long operated legally and compliantly in Europe, providing high - quality products and services to European people and strongly promoting the development of the European telecommunications and digital industries. However, without any factual basis, the EU has listed some Chinese enterprises as high - risk suppliers and restricted Chinese enterprises from participating in 5G construction. We firmly oppose the discriminatory behavior of the European side against Chinese enterprises and the wrong practice of politicizing and over - securitizing economic and trade issues. (Xinhua News Agency)
Pan Gongsheng: Strengthen Supervision over the Bond Market, Foreign Exchange Market, Money Market, Bill Market, and Gold Market
Pan Gongsheng, the governor of the People's Bank of China, said that in 2026, we will continue to maintain the stable operation of the financial market. We will do a good job in expectation management and keep the RMB exchange rate basically stable at a reasonable and balanced level. Strengthen supervision over the bond market, foreign exchange market, money market, bill market, and gold market. Establish a systematic arrangement for providing liquidity to non - banking institutions under specific scenarios. Continue to make good use of the two monetary policy tools to support the capital market and support the stable development of the capital market. (Xinhua News Agency)
Ministry of Finance: Canceling Export Tax Rebates for Products Such as Photovoltaic Will Help Comprehensively Rectify "Involution - style" Disordered Competition
Li Xianzhong, the director - general of the Comprehensive Department of the Ministry of Finance, said at a press conference held by the State Council Information Office that recently, the Ministry of Finance and the State Taxation Administration issued an announcement, clearly stating that as of April 1, 2026, export tax rebates for products such as photovoltaic will be canceled, and export tax rebates for electronic products will be canceled over two years. This adjustment of the export tax rebate policy is conducive to promoting the efficient use of resources, guiding the reasonable adjustment of the industrial structure, comprehensively rectifying "involution - style" disordered competition, and promoting high - quality economic development. (China.org.cn)
New Market Observations
British Media: The Reserve Bank of India Proposes to Connect the Digital Currencies of BRICS Countries
Reuters reported on the 19th that the Reserve Bank of India proposed to connect the official digital currencies of BRICS countries to facilitate cross - border trade and tourism payments. As geopolitical tensions intensify, this move may help reduce the dependence on the US dollar. According to the report, the Reserve Bank of India has advised the government to include a proposal on connecting the central bank digital currencies of various countries in the agenda of the 2026 BRICS Summit. This summit will be hosted by India later this year. If the proposal is adopted, it will be the first official initiative to promote the interconnection of digital currencies among BRICS members. (Global Times)
China's Goods Trade with Central Asian Countries Exceeds $100 Billion for the First Time
In 2025, the total import and export volume of China - Central Asia goods trade reached $106.3 billion, a year - on - year increase of 12%, and the growth rate increased by 6 percentage points compared with the previous year. The total import and export value between China and Central Asia exceeded the $100 - billion mark for the first time in history and has maintained positive growth for five consecutive years. China has for the first time become the largest trading partner of Central Asian countries. (CCTV News)
The "Power Shortage" in North America Creates Great Opportunities, and Public Funds Intensively Increase Positions in the Power Sector
The power crisis triggered by the rapid growth of AI computing power is continuing to intensify in North America. This industrial pain point has become a new opportunity for public funds to explore the overseas expansion of Chinese power equipment assets. After sorting out the newly released fourth - quarter reports of funds in 2025, reporters found that many leading public funds have simultaneously adjusted their positions, listing the power equipment sector as the top choice for heavy positions. As the demand for AI computing power continues to explode and the global power grid upgrade accelerates, this intensive layout by public funds also indicates that this traditional advantageous track spanning technology and energy is expected to play an important role in the market in 2026. (Securities Times)
Company News
Elon Musk: Plans to Sell Optimus Robots to the Public Next Year
Elon Musk, the CEO of Tesla, said that he may sell Optimus robots to the public by the end of next year. Musk has pointed out that the future of this automaker will increasingly depend on humanoid robots. Musk said at the World Economic Forum in Davos, Switzerland, on Thursday that the company has used some robots in the factory to perform simple tasks. He expects that by the end of 2026, Optimus will be able to "perform more complex tasks". (Sina Finance)
AliExpress: In 2025, the Overseas Custody of Energy Storage Batteries in the Consumer Electronics Industry on AliExpress Increased Nearly 10 - fold
36Kr learned that brands such as Xiamen ECO - WORTHY and Shenzhen OUKITEL, with annual sales of tens of millions of dollars, concentrated on entering AliExpress in October 2025. Relying on the "Overseas Custody" model, their monthly sales in the European and American markets both exceeded one million dollars just one month after going online. Platform data shows that in 2025, the overseas custody of energy storage batteries in the consumer electronics industry on AliExpress increased nearly 10 - fold. (36Kr)
Zhang Yutong, President of DarkSide.ai: Kimi Only Uses 1% of the Resources of Top US Labs, and the Latest Model Will Be Released Soon
On January 21, Zhang Yutong, the president of DarkSide.ai's Kimi, said at the 2026 Annual Meeting of the World Economic Forum in Davos, Switzerland, that Kimi only used 1% of the resources of top US laboratories to develop globally leading open - source models such as Kimi K2 and Kimi K2 Thinking, and even surpassed some top closed - source models in the United States in some performances. Zhang Yutong revealed that Kimi has invested a lot of energy in introducing engineering thinking into the research process to ensure that all algorithm innovations can run stably on a large scale in the production system. According to her, Kimi's latest model will be released soon. (The Paper)
Industry Trends
Shanghai: Gradually Include Eligible Non - ferrous Metal Commodity Futures and Options into the Scope of Opening - up Products
On January 20, Shanghai released the "Action Plan for Strengthening the Linkage between Futures and Spot Markets to Enhance the Energy Level of Non - ferrous Metal Commodities". It mentioned that Shanghai will expand the high - level institutional opening - up of the non - ferrous metal futures market, gradually include eligible non - ferrous metal commodity futures and options into the scope of opening - up products, and simultaneously improve the business rules that are compatible with the opening - up products. Actively explore the innovation of the cross - border delivery mechanism, deepen the "going - global" of delivery services, and implement overseas warehouse - setting and cross - border delivery business models on the premise of controllable risks. The "Action Plan" relies on the financial infrastructure in Shanghai to strengthen the international influence of non - ferrous metal commodities and enhance the influence of the "Shanghai Price". (CCTV News)
As of the End of 2025, China Has Established 99 Overseas Intellectual Property Dispute Response and Guidance Platforms
The State Council Information Office held a press conference on the morning of January 23. The National Intellectual Property Administration introduced the progress of intellectual property work in 2025. It was introduced that as of the end of 2025, 99 overseas intellectual property dispute response and guidance platforms have been established in 30 provincial - level regions (provinces, autonomous regions, and municipalities directly under the Central Government) across the country. Six industrial working platforms have been established for key fields such as automobiles and photovoltaics, and overseas working platforms have been deployed in 11 countries, constructing a rights - protection guidance network with two - way linkage between "domestic" and "overseas". (CCTV News)
US Pharmaceutical Companies Threaten: If Europe Does Not Raise Drug Prices, New Drugs Will Stop Being Supplied
US pharmaceutical manufacturers are increasing their efforts to demand higher drug prices in Europe. Companies such as Pfizer and Bristol - Myers Squibb have threatened to stop supplying new drugs or delay their launches if Europe does not raise drug prices. In September last year, Pfizer took the lead in reaching a "most - favored - nation price" (MFN) agreement with the Trump administration. Pfizer CEO Albert Bourla said that this agreement forced the company to raise drug prices in overseas markets. (Caixin)
This article is from the WeChat official account "Comprehensive Service Port for Zhejiang Enterprises' Overseas Expansion", author: Zhejiang Enterprises' Overseas Expansion.
