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JIANGSU EXCELLENT STEEL WIRE ROPE CO.,LTD.
TEL: 0513-81180608
FAX: 0513-81180466
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Detailed description
Global economic and trade trends
2022/7/21 Reading times £º[2214]
Vietnam: focus on developing supporting industries and reduce dependence on raw materials import

According to Vietnam's "industry and trade news", many foreign-funded manufacturing enterprises have proposed to the government that under the current unstable international supply chain, they hope to find raw material suppliers in Vietnam to ensure production stability and order implementation. In southern Vietnam, Ho Chi Minh City, Pingyang, tongnai and other places have made great efforts to attract foreign investment and concentrated on the development of textile, machinery, electricity, electronics and other supporting industries, so as to reduce the dependence on raw material imports. To this end, Pingyang province has established an industrial zone with an area of more than 1000 hectares, giving priority to attracting foreign capital and supporting industrial projects.
(source: Economic and Commercial Department of the Chinese Embassy in Vietnam)

Philippines: will seek more renewable energy resources

According to the Philippine Star, Philippine finance minister diocano said at the G20 summit that the Philippine government will quickly realize the transformation to clean energy by seeking more renewable energy resources. According to the renewable energy roadmap, the Philippine Department of energy aims to increase the proportion of renewable energy to 35% by 2030 or 50% by 2040. In addition, the Philippines has also joined the cooperation of the energy transition mechanism (ETM) project launched by the Asian Development Bank.
(source: Economic and Commercial Department of the Chinese Embassy in the Philippines)

East Timor: hope to join ASEAN next year

Recently, President Horta of Timor Leste said during his visit to Indonesia that Timor Leste hopes to join the association of Southeast Asian nations next year. Indonesian President Joko received Horta at Bogor palace in the southern suburb of Jakarta, and the two held a press conference together. Horta said that East Timor is a part of Southeast Asia and has met all the requirements of becoming a member of ASEAN. He expected zoko to play an important role in promoting East Timor's participation in this regional organization during Indonesia's rotating presidency of ASEAN.
(source: Xinhuanet)


Iran: lifting the ban on the import of some mining equipment

According to the financial Tribune, the Iranian Ministry of industry, mining and trade recently said that the import ban on mining equipment that cannot be produced in Iran has been lifted, but the import of mining equipment that can be produced in Iran is still prohibited. Officials of the Ministry said that most of Iran's mining equipment was imported around 1985, and the mining equipment was out of service, causing the mining efficiency of Iran's mines to be less than 50%. At present, about 15000 sets of equipment need to be replaced. Affected by the import ban, Iranian mining companies spent four times more than the average on equipment procurement.

(source: Economic and Commercial Department of the Chinese Embassy in Iran)



Angola: bilateral trade with China increased by 33.2% year-on-year in the first half of the year

According to Chinese customs statistics, in the first half of 2022, the total bilateral trade between China and Angola was US $14.49 billion, an increase of 33.2% year-on-year. Among them, China's exports to Angola were US $1.54 billion and imports from Angola were US $12.95 billion, with a year-on-year increase of 48.8% and 31.6% respectively. Angola is China's second largest trading partner in Africa, ranking behind South Africa (US $25.37 billion) and Niger (US $12.0 billion).
(source: Economic and Commercial Department of the Chinese Embassy in Angola)

 
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