At its August press briefing, the China Council for the Promotion of International Trade (CCPIT) unveiled fresh data on global trade frictions and the Chinese mainland’s foreign trade performance. June saw the Global Trade Frictions Index hold steady at 92—a medium to high tension—but downturned trends hint at easing disputes.
Key highlights from the report:
- Overall friction measures fell 14.7% year-on-year and 13.7% month-on-month.
- Among 20 monitored economies, India, the United States, and Brazil topped the friction charts, with the U.S. leading for the 12th straight month.
- Chinese mainland-related frictions also eased, dropping 16.3% year-on-year and 13.6% month-on-month, even as 19 countries and regions logged a high index of 102.
- Disputes with India centered on electronics—cameras, routers, and chips—pushing it to the highest index level against the Chinese mainland.
On the flip side, July brought a boost to the Chinese mainland’s trade promotion engine: 741,700 commercial certificates issued, up 10.8% year-on-year. This surge marks the fastest growth of the year, underscoring resilient demand and agile exporters riding the wave of global recovery.
For young professionals and entrepreneurs tracking global markets, this data offers a snapshot of shifting trade winds. As frictions slowly ease and trade volumes climb, opportunities arise—from tech supply chains diversifying beyond traditional hubs to emerging partnerships in fast-growing economies.
Whether you’re a digital nomad eyeing new markets or a sustainability advocate watching policy shifts, these insights show how the global trade landscape is evolving—and where the next openings might be.
Reference(s):
cgtn.com
