The processing trade is one of the sectors most affected by rising labor costs in China. In the eyes of some Westerners, China's labor-intensive processing trade has lost its competitiveness, but the ...

Global head of trade strategic initiatives, treasury and trade solutions, Citi Technological innovation and digitization have transformed many aspects of our personal and business lives. In the ...

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In the fast-evolving world of trade finance, digital transformation is no longer optional. It is driven by changing customer expectations, a relentless quest for efficiency, and a growing need for ...

This aerial photo shows a cargo ship at a smart container terminal of Tianjin Port in north China's Tianjin, July 7, 2023. [Photo/Xinhua] Chinese authorities have rolled out a guideline to improve the ...

The processing trade, which has become hugely popular in China, involves domestic firms obtaining raw materials or intermediate inputs from abroad, processing them locally, and exporting the ...

China's recent initiative to bolster processing trade activity will offer export-oriented companies more options to sustain growth in 2024, thus aiding in the transformation from a labor-intensive ...

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The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, outlined a vision for institutional trade processing that ...

For a while now, China's foreign trade has been shifting from processing trade to general trade. Processing trade involves Chinese importers of raw materials who process them in China and then export ...