The Frontline of Going Global | The export VAT rebate rate for new energy vehicles will be reduced to 9%; Vietnam is piloting a visa-free policy for

Overseas Expansion Highlights

Ministry of Commerce: China will work with the EU to promote the development of bilateral trade in dual-use items

Xinhua News Agency, Beijing, October 15 - He Yadong, spokesperson of the Ministry of Commerce, said at a regular press conference on the 15th when responding to questions related to rare earth export licenses to the EU, that China is willing to continue to facilitate the approval of rare earth export licenses for the EU, and hopes that the EU will also provide convenience for the reciprocal settlement of key license cases involving China in the dual-use field. China will work with the EU to continue to give play to the role of the export control dialogue mechanism and promote the development of bilateral trade in dual-use items. (Xinhua News Agency)

The export VAT rebate rate for new energy vehicles will be reduced to 9%, the "three new key products" of foreign trade enter the stage of systematic competition

On October 12, as the Ministry of Finance and the State Taxation Administration issued an announcement, the phase-out of export tax rebate dividends for China's new energy vehicles officially entered the countdown. According to the announcement, starting from April 1, 2027, the export VAT rebate rate for new energy vehicles will be lowered from 13% to 9%, and the export consumption tax rebate policy for new energy vehicles will remain unchanged. The judgment of the rebate rate is subject to the export date indicated on the export goods declaration form - which means that even if the signing date of the sales contract is locked in this year, vehicles declared for export after April 1 next year will also implement the new standard. Following photovoltaics and lithium batteries, the policies for new energy vehicles are gradually returning to neutral. The industry believes that the phase-out of export tax rebates withdraws policy support and pushes enterprises to improve their own capabilities. The overseas expansion of Chinese automobiles will shift from the overlapping period of policy dividends and cost advantages to the comprehensive competition of products, brands and localized operations; and the "three new key products" of foreign trade will also collectively enter a new stage of "systematic competition". (Securities Times)

Overseas Smart Logistics Platform Launched After Upgrading

Overseas Smart Logistics Platform (Overseas Warehouse Service Online) 2.0 is fully upgraded! Version 2.0 focuses on optimizing user experience, upgrading the supply and demand matching function between warehouse providers and warehouse users, and optimizing the overseas warehouse search function. During the search, supporting services such as customs clearance, overseas marketing, and direct shipping on behalf of others can be accurately filtered. Meanwhile, it dynamically releases the latest information such as policies, regulations and international rules, extending the service scope from "looking for overseas warehouses" to "looking for policies, services and resources", and provides foreign trade enterprises and overseas warehouse enterprises with accurate information matching and diversified and efficient supply and demand matchmaking services. (Zhejiang Commerce)

New Market Insights

Vietnam trials visa-free entry for Chinese tourist groups traveling to Khanh Hoa Province

According to the resolution issued by the Vietnamese government on the 12th, during the 2026-2027 Vietnam-China Tourism Cooperation Year, a pilot visa-free policy will be implemented for Chinese citizens with ordinary passports traveling to Khanh Hoa Province, Vietnam in the form of group tourism. The policy takes effect on October 12 and expires on December 31, 2027, applicable to groups of 2 or more people participating in all-inclusive tours organized by Vietnamese international travel agencies for no more than 30 days. The travel scope is limited to Khanh Hoa Province, and tourists must fly directly from Chinese mainland to Cam Ranh International Airport, and enter and exit from the same port. (CCTV News)

Germany plans to impose a sugar-sweetened beverage tax in 2027

A plan on levying sugar-sweetened beverage tax in Germany has been submitted to the cabinet level. If approved, Germany will impose tax on sugar-sweetened beverages starting from July 1, 2027, while small-scale producers will be exempt from the tax. According to German sources, under the plan, sugar-sweetened beverages with a sugar content of 5 grams or more per 100 milliliters will be taxed at a rate of 26 euro cents per liter; when the sugar content reaches 8 grams or more per 100 milliliters, the tax rate will rise to 32 euro cents per liter. Drinks using sweeteners and pure fruit juices are not within the scope of this tax. Non-alcoholic beer, non-alcoholic wine, and drinks made from soybeans, nuts, seeds or grains are also tax-exempt. Relevant sources also said that the German government is expected to approve the tax plan on the 14th. This tax is expected to bring fiscal revenue of about 690 million euros and 925 million euros in 2027 and 2028 respectively. (CCTV News)

The cumulative cargo volume transported by Sino-Vietnam trains exceeds 110,000 TEUs

It was learned today at Nanning International Railway Port that since the Nanning International Railway Port launched regular Sino-Vietnam trains, a total of 117,000 TEUs of goods have been transported by October 12, making it the largest cargo distribution center for national railway exports to Vietnam. (CCTV News)

Corporate Updates

PowerChina signs Belgrade Metro project contract worth about 12.526 billion RMB

On October 13, PowerChina issued an announcement stating that recently, the company signed the contract for Section 3 of the main line of Phase 1 of Belgrade Metro Line 1 in Serbia with the Serbian Ministry of Construction, Transport and Infrastructure, the Secretariat for Public Transport of Serbia and Belgrade Metro Company. The contract amount is about 1.621 billion euros, equivalent to about 12.526 billion RMB. The project is located in Belgrade, Serbia. The main work contents include construction drawing design, main structure construction, decoration, electromechanical installation and landscape greening. The project construction period is 60 months, and the warranty period is 2 years. (Shanghai Securities News)

PICC Property and Casualty launches the first Chinese-funded new energy vehicle insurance policy in Europe in Germany

On October 13, according to PICC Property and Casualty, the company recently cooperated with overseas partners to launch a Chinese-funded new energy vehicle insurance project in the German market, providing insurance protection for Chinese new energy vehicles expanding overseas. This is the first time for PICC Property and Casualty to launch Chinese-funded new energy vehicle insurance business in the European market. In accordance with the overseas business layout plan, PICC Property and Casualty has previously carried out Chinese-funded new energy vehicle insurance business in Hong Kong, China and Thailand. In 2025, the company successively realized the first policy of Chinese-funded new energy vehicle insurance in the above two markets. The German project this time marks the further expansion of related business to the European market. (Jiemian News)

Boliwei signs strategic cooperation agreement with Vietnam's VinFast

According to the official WeChat account of Boliwei on October 14, the company has officially signed a strategic cooperation agreement with Vietnam's VinFast. The two sides plan to build long-term strategic cooperation in dimensions such as technical exchange, product development, supply coordination and localized manufacturing focusing on electric two-wheelers and battery business. The agreement stipulates that among the annual battery demand of no less than 3 million sets, VinFast will prioritize Boliwei as its first supplier to jointly explore the Southeast Asian electric motorcycle market. (Sina Finance)

Industry Trends

Chinese-made "prefabricated houses" are popular overseas, exports by private enterprises increased by nearly 30% in the first three quarters

Wang Jun, Vice Minister of the General Administration of Customs, said at a press conference of the State Council Information Office that accurately grasping market demand is one of the magic weapons for private enterprises to develop markets. He pointed out by example that in recent years, the global boom of exquisite camping and outdoor vacation has continued to rise. China's private enterprises have developed new prefabricated tent houses, which are assembled in modules, exported in batches and packed, and can be put into use after simple assembly upon arrival. The products have novel design and excellent quality, and are very popular overseas. In the first three quarters, private enterprises exported various movable houses, with an increase of nearly 30%. (CLS.cn)

General Administration of Customs: Chinese enterprises provide solid support to meet the growing global demand for computing power and electricity

Wang Jun, Vice Minister of the General Administration of Customs, said at a press conference of the State Council Information Office that relying on a complete industrial system and scientific and technological innovation capabilities, China provides solid support to cope with the growing global demand for computing power and electricity. In terms of computing power, in the first three quarters, China's exports of integrated circuits increased by 99.1%, computer parts and accessories increased by 2.1 times, and storage components such as solid-state drives increased by 1.3 times, ensuring the stable supply of intermediate products in the global computing power industrial chain. Exports of data processing equipment such as servers increased by 7.2%, helping the construction of global computing power infrastructure. In terms of electricity, product exports grew in multiple areas in the first three quarters. In the intelligent field, exports of photovoltaic products increased by 10.3%, and wind turbines and their parts increased by 22.4%, continuously filling the global clean energy supply gap; in the energy transmission field, exports of wires and cables increased by 28.1%, and transformers increased by 22.5%; in the energy storage field, exports of various storage batteries increased by 34.8%, and the products are sold to more than 200 countries and regions around the world. (Securities Times)

China's wind power installed capacity has ranked first in the world for 16 consecutive years

It was learned from the Wind Energy Professional Committee of the Chinese Renewable Energy Society that in the first eight months of this year, China's newly grid-connected wind power capacity reached 53.26 million kilowatts. By the end of August, China's total grid-connected wind power capacity reached 692.72 million kilowatts, a year-on-year increase of 19.64%. At present, China's wind power installed capacity has ranked first in the world for 16 consecutive years, and the export scale of China's wind turbines has continued to rise. (CCTV News)

This article is from the WeChat official account "Zhejiang Enterprises Overseas Comprehensive Service Port".