The Frontline of Going Global | The Ministry of Commerce Responds to the Sixth Round of China-US Economic and Trade Consultations; South Korea Introd

Major Events in Going Global

The People's Bank of China Issues a Document to Support and Regulate Cross - border RMB Inter - bank Financing Business

On February 26, the People's Bank of China issued a relevant notice to support domestic banking financial institutions to conduct cross - border RMB inter - bank financing business with overseas institutions in a standardized manner. The "Notice on Relevant Matters Concerning Cross - border RMB Inter - bank Financing Business of Banking Financial Institutions" issued by the People's Bank of China this time covers all types of cross - border RMB inter - bank financing business. It links the net lending balance of cross - border RMB inter - bank financing of banking financial institutions with their capital level and financial strength to promote the reasonable conduct of business. The notice sets relevant parameters for macro - prudential management and conducts counter - cyclical adjustment according to the market situation. The setting of relevant parameters fully considers the market demand and the operating conditions of banking financial institutions, which is conducive to providing stable liquidity for the RMB offshore market and promoting the cross - border use of RMB. (Xinhua News Agency)

The Ministry of Commerce Responds to the Upcoming Sixth Round of China - US Economic and Trade Consultations

The Ministry of Commerce held a regular press conference on February 26. He Yongqian, the spokesperson of the Ministry of Commerce, said when responding to questions related to the upcoming sixth round of China - US economic and trade consultations that China and the United States have maintained continuous communication at all levels through the China - US economic and trade consultation mechanism. China is willing to work with the United States to jointly implement and maintain the consensus reached at the leaders' meeting in Busan and the phone call on February 4. Through equal consultations, the two sides will properly manage differences, expand practical cooperation, and maintain the healthy, stable and sustainable development of China - US economic and trade relations, so as to better benefit the two countries and the world. (CCTV News)

The Ministry of Commerce: 20 Japanese Entities are Included in the Export Control List

The Ministry of Commerce announced that according to relevant regulations of laws and regulations such as the "Export Control Law of the People's Republic of China" and the "Regulations on Export Control of Dual - use Items of the People's Republic of China", in order to safeguard national security and interests and fulfill international obligations such as non - proliferation, it has decided to include 20 Japanese entities, including Mitsubishi Shipbuilding Co., Ltd., which are involved in enhancing Japan's military strength, in the export control list, and take the following measures:

1. Export operators are prohibited from exporting dual - use items to the above 20 entities. Overseas organizations and individuals are prohibited from transferring or providing dual - use items originating from the People's Republic of China to the above 20 entities. Relevant ongoing activities shall be stopped immediately.

2. In special circumstances where exports are really necessary, export operators shall submit an application to the Ministry of Commerce. (Ministry of Commerce)

New Market Observation

The Total Value of China - Germany Goods Imports and Exports Reached 1.51 Trillion Yuan Last Year, with Mechanical and Electrical Products Accounting for 70.8% of the Trade Volume

According to the statistics of the Chinese Customs, the total value of goods imports and exports between China and Germany in 2025 reached 1.51 trillion yuan, a year - on - year increase of 5.2%. Among them, China's exports to Germany were 664.3 billion yuan, and imports from Germany were 846.3 billion yuan. Germany continued to be China's largest trading partner in Europe, and China returned to being Germany's largest trading partner after an interval of one year. (CCTV News)

The South Korean Government Introduces New Measures to Prevent Importers from Abusing the Tariff Quota System

The South Korean government announced a series of measures to improve the country's tariff quota system on Thursday, including measures to prevent importers from engaging in improper behavior using the system. The South Korean Ministry of Finance said that according to the new measures, the government will list projects with a relatively high risk of violations as "key management projects" to strengthen supervision. The government will also introduce a requirement that importers need to provide sales performance certificates to ensure that imported goods can be sold in the domestic market in a timely manner. The customs department will conduct in - depth investigations on enterprises that obtain tariff quota recommendations through fraudulent means. (Sina Finance)

Zimbabwe Suspends Lithium Ore Exports, and the Price of Lithium Carbonate Futures Soars

Recently, Zimbabwe, the world's fourth - largest lithium ore producer, announced the suspension of all exports of raw ore and lithium concentrate. The domestic new energy industry chain may face certain supply concerns in the short term. At present, China's external dependence on lithium resources is about 60%. Zimbabwe's sudden supply cut means that about 9% of China's raw materials for lithium salt production will face a shortage risk. Affected by this, the main contract of domestic lithium carbonate futures rose significantly for two consecutive days, and once approached the mark of 190,000 yuan per ton during trading yesterday. (Securities Times)

Company News

Uber and Joby Aviation to Launch Electric Air Taxi Service

On February 25, it was reported that Uber users will be able to directly book Joby Aviation's all - electric air taxis through the Uber app, and the first batch of passengers are expected to be carried in Dubai later this year. The Joby all - electric air taxi is designed to carry up to four passengers. This model uses six tilt - rotors for vertical take - off and landing and then switches to forward flight, with a maximum speed of up to 200 miles (about 320 kilometers) per hour. (Jiemian News)

The Kling 3.0 Model Tops the Global Video - Generation Large - Model List

Recently, Artificial Analysis, a well - known global AI benchmark testing institution, released the latest global video - generation large - model list. The Kling 3.0 series model (Kling 3.0 Pro) ranked first in the text - to - video track with an Arena ELO benchmark test score of 1240. Among the top 15 models, there are 7 Kling models on the list. Industry insiders analyzed that the previously released Kling 3.0 model has leading advantages in video realism, consistency and controllability in the industry, which means that AI has officially entered the core link of film and television industrial - grade visual production. (36Kr)

Chow Tai Fook Jewellery to Enter the Australian Market This Year and Plans to Enter the Middle East in Two Years

It is learned from Chow Tai Fook Jewellery that the group plans to enter the Australian market for the first time before the end of June 2026 and open a new store in Canada. Chow Tai Fook Jewellery also plans to enter the Middle East market within two years. In the fiscal year 2026, Chow Tai Fook Jewellery opened new brand stores at Changi Airport in Singapore and Siam Paragon in Bangkok, Thailand respectively. As of December 31, 2025, Chow Tai Fook Jewellery had a total of 61 retail outlets in other overseas markets. (Jiemian News)

Industry Trends

The Cancellation of Export Tax Rebates for Photovoltaic Products is Counting Down, and Industry Integration is Expected to Accelerate

According to the announcements of the Ministry of Finance and the State Taxation Administration, as of April 1 this year, the VAT export tax rebates for photovoltaic and other products will be cancelled. This move is regarded as an important measure to curb the "internal competition externalization" of the photovoltaic industry. Reporters' interviews found that in order to export more before the above deadline, manufacturers in the industry generally increased their production schedules. However, this pre - export has made the industry more pessimistic about the demand trend after the second quarter, and it is expected that the profits of leading enterprises will also be under pressure. The industry believes that this policy is more unfavorable to small and medium - sized enterprises that have been relying on export tax rebates to engage in price wars in the past, while leading enterprises have stronger anti - pressure capabilities relying on their advantages in technology, scale, brand, channels, etc. From the perspective of resolving trade friction risks, guiding industrial transformation and upgrading, and optimizing the global production capacity layout of the industry, the cancellation of export tax rebates is "an arrow on the string and has to be shot". Respondents generally believe that in the long run, the implementation of the policy will accelerate industry integration, the industrial concentration is expected to further increase, and the focus of industry competition will shift from "price war" to "technology war" and "brand war". (Securities Times)

CITIC Securities: Chinese Battery Enterprises Will Still Maintain a Strong Leading Advantage in the Global Power and Energy Storage Battery Fields

A research report from CITIC Securities pointed out that the overall profitability of four overseas battery enterprises (LGES, Samsung SDI, SKI, Panasonic) in the fourth quarter of 2025 declined significantly quarter - on - quarter. Except for Panasonic, the performance of the other three enterprises was in a loss state. The main reason is that although the revenue increased due to the rapid development of the energy storage business, the decline in power battery sales caused by the cancellation of electric vehicle subsidies in North America and the high operating costs in the early stage of energy storage production lines put pressure on the profit side. Looking forward to 2026, it is expected that in the power battery market, facing Chinese enterprises, Japanese and Korean enterprises will still face the pressure of continuous decline in market share, but the rhythm of subsequent product verification, production capacity construction and order fulfillment remains to be observed. Chinese battery enterprises will still maintain a strong leading advantage in the global power and energy storage battery fields. The report recommends domestic leading battery enterprises with continuously increasing overseas market share, leading profitability and significant valuation advantages. (36Kr)

China's AI Call Volume Exceeds that of the United States for the First Time, and Four Large Models Dominate the Top Five in the World

Data from OpenRouter, the world's largest AI model API aggregation platform, shows that in the week from the 9th to the 15th, the call volume of Chinese models reached 4.12 trillion Tokens, exceeding that of US models (2.94 trillion Tokens) in the same period for the first time. In the week from the 16th to the 22nd, the weekly call volume of Chinese models further soared to 5.16 trillion Tokens, a three - week increase of 127%, while the call volume of US models in the same period dropped to 2.7 trillion Tokens. Meanwhile, among the top five models in the world in terms of call volume, Chinese models occupy four seats. Chinese model manufacturers are seizing the global market with rapid iteration and cost advantages, and the demand for domestic computing power is experiencing exponential growth. (Nbd.com)

This article is from the WeChat public account "Comprehensive Service Port for Zhejiang Enterprises Going Global", author: Zhejiang Enterprises Going Global.