The Frontline of Global Expansion | The central banks of China and Laos renew relevant cooperation documents; The total number of China-Europe Railwa

Major Events in Going Global

Ministry of Commerce: Will Continue to Implement Relevant Policies and Accelerate the Cultivation of New Drivers for Service Trade

On June 11th, the Ministry of Commerce held a regular press conference. He Yadong, the spokesperson of the Ministry of Commerce, stated that since the beginning of this year, the Ministry of Commerce has earnestly implemented the decisions and arrangements of the Party Central Committee and the State Council, and jointly with relevant departments, has introduced a series of policies, including promoting the export of travel services, standardizing service trade, and accelerating the construction of national service trade innovation and development demonstration zones and national digital trade demonstration zones. At the same time, we have continuously implemented the "Thousand Sails Going Global" action plan for foreign cultural trade to help cultural enterprises explore international markets. In the next step, we will continue to implement relevant policies and accelerate the cultivation of new drivers for service trade. (People's Financial News)

Ministry of Commerce: Unswervingly Promote High - level Opening - up and Take More Practical Measures to Stabilize Exports and Expand Imports

On June 11th, the Ministry of Commerce held a regular press conference. He Yadong, the spokesperson of the Ministry of Commerce, said that since the beginning of this year, in the face of the complex and severe international political and economic situation, China's foreign trade has withstood the pressure and continued the good momentum of steady progress. From January to May, the total value of goods trade imports and exports reached 20.68 trillion yuan, a year - on - year increase of 15.3%. Among them, imports increased by 20.5% and exports increased by 11.8%. Generally speaking, China's foreign trade has many bright spots. (People's Financial News)

Central Banks of China and Laos Renew Relevant Cooperation Documents

On June 8th, reporters learned from the People's Bank of China that the People's Bank of China and the Bank of the Lao People's Democratic Republic recently renewed the "Bilateral Local Currency Swap Agreement between the People's Bank of China and the Bank of the Lao People's Democratic Republic in Renminbi/Lao Kip". At the same time, the central banks of the two countries also renewed the "Memorandum of Understanding between the People's Bank of China and the Bank of the Lao People's Democratic Republic on Strengthening Cooperation in Financial Innovation, Digital Payment and Central Bank Digital Currency". (Xinhua News Agency)

Observation of New Markets

Major Oil - producing Countries Announce Continued Production Increase in July

The Organization of the Petroleum Exporting Countries (OPEC) issued a statement on the 7th, saying that seven major oil - producing countries in the "OPEC+" decided to increase the daily crude oil production by 188,000 barrels in July. So far, major oil - producing countries have announced production increases for four consecutive months. Representatives of Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman held an online meeting that day to discuss the situation and prospects of the international oil market. The post - meeting statement said that to maintain the stability of the oil market, the seven countries will flexibly adjust the pace of production increase according to market conditions. (Xinhua Net)

The Cumulative Number of Trains Passing through the "Middle Corridor" of China - Europe Freight Trains Exceeds 25,000

Reporters learned from the railway department that on June 12th, a China - Europe freight train whistled out of the Erenhot Railway Port in Inner Mongolia, marking that since the first China - Europe freight train passed through the "Middle Corridor" in 2013, the cumulative number of inbound and outbound China - Europe freight trains has exceeded 25,000. (CCTV News)

South Korean Government Summons Major Export Enterprises to Stabilize the Foreign Exchange Market

The South Korean government recently convened executives of several core export enterprises, including Samsung Electronics, SK Hynix, Hyundai Motor (51, 0.00, 0.00%) Group, HD Korea Shipbuilding & Offshore Engineering, Samsung Heavy Industries and Hanwha Ocean, for a special meeting. The meeting focused on specific measures to improve the supply - demand relationship of the US dollar, including guiding enterprises to convert export earnings into local currency in a timely manner and expanding the scale of offshore capital repatriation to stabilize the recent sharp fluctuations in the foreign exchange market. Representatives of the participating export enterprises said that they will actively cooperate with the government's stabilization measures. The South Korean government emphasized that it will continue to cooperate closely with enterprises in the future and continuously monitor the trends of the foreign exchange market. At the same time, for enterprises whose import raw material costs have risen due to the depreciation of the South Korean won, the government promised to further increase policy support. (36Kr)

Company News

The "World Cup Economy" Kicks Off, and A - share Companies Seek Profits in Multiple Tracks

The 2026 FIFA World Cup in the United States, Canada and Mexico will officially kick off in Mexico City at dawn on June 12th Beijing time. As the first top - level football event in history to expand to 48 teams, with a 39 - day schedule and held across three countries, this World Cup has not only ignited the enthusiasm of global football fans, but also become an important stage for A - share listed companies to seek profits in multiple tracks. Wind data shows that the Wind World Cup concept index has recently shown a warming trend, rising 0.73% on June 10th. Analysts said that from event sponsorship to IP derivatives, from viewing consumption to technological empowerment, many A - share companies have taken the lead and deeply participated in the "World Cup economy" competition across three countries and lasting 39 days, trying to seek profits in the entire chain from the supply chain to the consumer end. (China Securities Journal)

Google Announces an Additional Investment of $50 Million to Train American Skilled Workers to Meet the Demand for AI Infrastructure Construction

With the booming development of artificial intelligence, the demand for data centers and infrastructure has reached an unprecedented high. Google, a subsidiary of Alphabet, is increasing its investment in the American skilled worker force. On Thursday local time, Sundar Pichai, the CEO of Alphabet, announced that Google will make an additional investment of $50 million to help more than 300,000 Americans in more than 20 states in the United States prepare for careers in the technology industry. According to Google, this new investment is part of a larger - scale plan. Since 2022, the company has invested more than $1 billion globally in training and skills improvement projects, helping more than 100 million people master digital and artificial - intelligence - related skills. (Sina Finance)

Jereh Group: There is No Major Change in the External Business Environment, and the Price of North American Gas Turbine Generator Sets Has Increased Multiple Times

Jereh Group released an announcement on the record of investor relations activities. Currently, the company's overall production and operation are normal, and there is no major change in the external business environment. All product lines, including gas turbines, are operating stably. In the power business field, the company is firmly optimistic about the future development trend of the gas turbine power generation industry and will continue to deeply cultivate relevant businesses in this field. The sales price of the company's gas turbine generator sets has increased multiple times this year, benefiting from the supply - short situation in the industry. In terms of production capacity, the North American region has the local assembly and production capacity, and the production capacity has been further improved by expanding the original factory buildings and renting factory buildings; the construction of the production and office base in Dubai, the United Arab Emirates, is in progress, and the domestic factory also has production capacity. The production capacity at home and abroad can be adjusted to each other. (Caixin)

Industry Trends

Fiber Optic Giants Sign Another Hundred - million - level Order, and Chinese Fiber Optic Cable Manufacturers Start to Systematically Expand Overseas

On June 9th, the fiber optic concept continued to strengthen. Hengtong Optic - Electric Co., Ltd. hit the daily limit in the afternoon, achieving 3 daily limits in 6 days. Its stock price reached a new historical high, and its market value exceeded 250 billion yuan. Yangtze Optical Fibre and Cable Joint Stock Limited Company hit the daily limit again, closing at 484.33 yuan per share. Its stock price has increased by more than 10 times compared with a year ago. In addition, the stocks of Zhongtian Technology Co., Ltd. and FiberHome Technologies Group Co., Ltd. rose by more than 8%. According to the news, on June 8th local time, Amazon announced that it had signed a multi - billion - dollar agreement with Corning Incorporated to purchase fiber optics, fiber optic cables and connection solutions to support the expansion of its data centers across the United States. The agreement will create 1,000 high - skill jobs and hundreds of construction jobs at Corning's North Carolina factory. This move is a continuation of Amazon's announcement last year to invest an additional $10 billion in cloud infrastructure in the state. (People's Financial News)

Ministry of Commerce: Chinese Online Novels, Online Dramas and Online Games Have Become New Engines for Cultural Consumption and Going Global

He Yadong, the spokesperson of the Chinese Ministry of Commerce, said at a regular press conference on the 11th that Chinese digital cultural products such as online novels, online dramas and online games have set off a "Chinese whirlwind" globally and have become new engines for cultural consumption and cultural going - global. He Yadong said that knowledge - intensive services cover areas such as intellectual property and cultural entertainment. In the field of intellectual property, data from relevant research institutions show that the amount of overseas authorization of Chinese innovative drugs has repeatedly reached new highs, accounting for more than 40% of the global market in 2025; in the field of cultural entertainment, Chinese digital cultural products such as online novels, online dramas and online games have set off a "Chinese whirlwind" globally and have become new engines for cultural consumption and cultural going - global. The pace of going - global with the "content + platform + model" has accelerated. He Yadong said that since the beginning of this year, the Ministry of Commerce, together with relevant departments, has introduced a series of policies, including promoting the export of travel services, standardizing service trade, and accelerating the construction of national service trade innovation and development demonstration zones and national digital trade demonstration zones. At the same time, it has continuously implemented the "Thousand Sails Going Global" action plan for foreign cultural trade to help cultural enterprises explore international markets. In the next step, it will continue to implement relevant policies and accelerate the cultivation of new drivers for service trade. (China News Network)

The Overall Development of China's General Cargo International Logistics is Robust

The China Federation of Logistics and Purchasing released the "Report on the Development of China's General Cargo International Logistics (2026)" on the 12th. According to the report, with the continuous adjustment of the international trade structure and the in - depth promotion of high - quality co - construction of the "Belt and Road", China's general cargo international logistics industry has generally maintained a robust development trend. The professional service ability has been significantly enhanced, the international logistics channels have become more diversified and unobstructed, and the comprehensive guarantee service ability has been significantly improved. It is reported that in 2025, China's general cargo exports generally maintained a relatively high scale. The total export value of major general cargo such as foreign engineering projects, power equipment, construction machinery and agricultural machinery exceeded $295 billion, a year - on - year increase of 12%, driving a significant increase in the scale of China's general cargo international logistics. From the perspective of the category structure, the export volume of electromechanical equipment is the largest, accounting for about 30%. (CCTV News)

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