The EU cuts Russian gas imports, and LNG purchases surge
Reasons for Customers Refusal to Pay Customs Duties
South Koreas Export Decline is Significant, While Semiconductor Performance Rises Against the Trend
South Koreas exports declined by more than 13% in early March, affected by weak demand for automobiles. However, chip exports increased by 21.7%, and the shipbuilding industry also saw growth, reflecting the challenges and opportunities faced by different industries in the global market.
South Koreas export growth offsets the impact of sluggish domestic demand
South Korea is facing weak domestic demand, but thanks to the recovery of exports, especially semiconductors, the risk of economic recession has been alleviated. High interest rates affect consumption, and equipment investment shrinks, while exports provide momentum for economic growth.
Chinas share in global maritime trade exceeds 30%, and automobile exports rank first.
In 2023, Chinas maritime trade growth led the world, accounting for over 30% share. Meanwhile, Chinas automobile exports reached 4.91 million units, surpassing Japan to become the worlds largest auto exporter.
The US Pressures Allies to Strengthen Chip Export Controls to China
The U.S. urges the Netherlands, Japan, Germany, and South Korea to strengthen export controls on chip technology to China but faces resistance from the Netherlands and Japan. This strategy aims to limit Chinas semiconductor technology development and has drawn international attention.
India Faces Challenges in Attempting to Settle Oil Imports in Rupees_Shanghai Zhongshen International Trade Import and Export Agency Services
It introduced how Central Asia became a new channel for dual - use goods to flow to Russia after the Russia - Ukraine conflict, revealing the challenges of international sanctions and the complexity of the global trade network.
India faces challenges in trying to settle oil imports in rupees
India requires state - owned oil refiners to pay for oil imports in rupees to reduce dollar dependence, but faces challenges such as supplier rejection and exchange rate risks.
SEMI Warns the EU to Carefully Consider Export Controls and Investment Restrictions
The Semiconductor Equipment and Materials International (SEMI) urges the European Union to carefully implement new export controls and foreign investment rules, emphasizing the importance of maintaining free trade for the global semiconductor industry.
AMDs China - specific chip launch rejected by US export controls
Under the USs strengthened export control on China, AMD tried to launch the China - specific AI chip MI309 that complies with the restrictions, but it still has not been approved by the US government.
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