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Recent Trade News
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June 13, 2010
Update on China Economics: Orders, RMB & figures…
Chinese manufacturers are becoming overloaded with orders as retailers and wholesalers embark on an inventory adjustment to benefit from the pick up in the consumer markets. This is leading to increasing lead times for new orders and adding to structural price pressures that are already evident in the global economy (raw material prices, shipping) and domestically in China (labour costs, utilities, regulations etc). There is also an increasing risk of outsourcing as a result...
May 12, 2010
Acceleration in China's inflation
A jump in house and food pricing as well as an increase in bank lending will fuel concerns that the world's third-largest economy is overheating. One answer would be for Beijing to raise interest rates
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January 31, 2010
Import Security Filing for US importers – Potential $5,000 penalty
As all US importers should already know, on 26th January, the U.S. Customs and Border Protection has begun to enforce a new program designed to enhance import security. This new program requires ocean carriers and importers to provide shipment-related information through an Importer Security Filing (ISF) to be sent to customs before leaving a foreign port, data can be analyzed for potential security risks. By changing processes and obtaining information earlier, the trade community has made adjustments to follow the mandates of this program as customs begins enforcement. The idea is to bring more transparency to ocean cargo shipments and allow customs to target freight that is a potential security threat.... |
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