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Real-time News
On July 14th, the State Council Information Office held a press conference on the import and export situation of goods trade in the first half of 2026. Wang Jun, Deputy Director of the General Administration of Customs, discussed the reasons for the rapid growth in imports in the first half of the year. In the first half of the year, my countrys imports reached 10.74 trillion yuan, exceeding 10 trillion yuan for the first time in the same period in history, representing a growth of 22.1%, 8.7 percentage points higher than the export growth rate. Chinas contribution to foreign trade growth was also greater than that of exports, promoting balanced trade development. As the worlds largest manufacturing country and the worlds second largest consumer market, my country has a vast market with enormous potential. my country has been the worlds second largest import market for 17 consecutive years, with an average annual growth of 5.1%, and its share of global imports has increased from 7.9% to about 10%. Proactively expanding imports is a necessary condition. my country has orderly expanded its independent and unilateral opening-up, implemented zero-tariff policies for 63 countries, and successfully held international exhibitions such as the China International Import Expo, the China International Consumer Goods Expo, and the China Chain Store & Franchise Expo, providing a "window" for global goods to enter the Chinese market. In the first half of the year, my countrys imports from more than 150 countries and regions achieved growth.July 14th - From July 9th to 10th, the 2026 Summer National Coal Trade Fair, hosted by the China Coal Industry Association and the China Coal Transportation and Marketing Association, was held in Urumqi, Xinjiang. The theme was "Strengthening the Role of Coal as a Safety Net and Improving the Level of Coal Safety Guarantee." Liu Hongbo, Director of the Coal Division of the Economic Operation Regulation Bureau of the National Development and Reform Commission, pointed out that since the beginning of this year, the quality of long-term contract signing and performance has continued to improve, the overall supply of thermal coal has been effectively guaranteed, and the basic supply base has been continuously strengthened. Coal remains my countrys greatest source of confidence in coping with the complex energy situation. "In the first half of the year, coal enterprises released production capacity in accordance with laws and regulations, strictly fulfilled long-term contract performance, and national coal production was at a historically high level for the same period," said Shi Ying, Vice Chairman of the China Coal Transportation and Marketing Association. Industry insiders revealed that in the first half of this year, the average daily output of raw coal remained stable at over 12 million tons, and the coal reserves of power plants under national unified dispatch exceeded 200 million tons, with an average usable period of over 30 days. Chen Pei, Deputy Director of the Logistics Center of China State Railway Group, introduced that in the first half of the year, the national railway coal transport volume reached 1.05 billion tons, a year-on-year increase of 3.4%, of which 700 million tons were thermal coal.On July 14th, at a press conference held by the State Council Information Office, Lu Daliang, spokesperson for the General Administration of Customs and Director of the Department of Statistics and Analysis, stated that amidst the global heatwave, exports of cooling appliances such as air conditioners, fans, and refrigerators totaled 107.91 billion yuan in the first half of the year. "In recent years, the public has paid more attention to the new three items, namely electric vehicles, lithium batteries, and photovoltaic products. However, we also have the old three items, namely mobile phones, computers, and home appliances, which continue to play an important role in stabilizing foreign trade," Lu Daliang emphasized. Lu Daliang pointed out that intelligent technology is continuously empowering and driving the iterative innovation of my countrys home appliance industry. Not only is the quality of my countrys exported home appliances improving, but the brands are also upgrading; domestic brands now account for one-quarter of exported home appliances.On July 14th, Investinglive analyst Eamonn Sheridan stated that the U.S. Consumer Price Index (CPI) is expected to decline by 0.2% month-over-month in June, marking the first decline since the pandemic began, driven entirely by a 15% drop in gasoline prices from mid-May to the end of June. The annualized inflation rate is expected to slow to 3.8% from 4.2% in May. Core CPI is expected to rise by 0.2% month-over-month, with the annualized core inflation rate expected to only slightly decrease to 2.8% from 2.9% in May. Service inflation (covering rent, auto repairs, leisure and entertainment, and dining out) is projected to grow at an annualized rate of 3.4%, higher than Januarys 2.9% and significantly higher than the 2.6% average between 2010 and 2019. This means that even with improved nominal overall inflation data, the Federal Reserve has little basis for easing policy. This situation presents a dilemma for Warsh, who is making his first congressional testimony this week: he must demonstrate a determination to curb inflation without appearing too hawkish and thus tightening credit conditions excessively, while the fragile Middle East ceasefire poses a two-way risk to the energy price outlook. This balance largely depends on how the situation in the Middle East and its impact on oil prices evolve.July 14 – The State Council Information Office held a press conference today to introduce the performance of my countrys foreign trade this year. At the press conference, a spokesperson for the General Administration of Customs stated that, according to statistics from China Customs, the total value of Sino-US trade in goods reached 2 trillion yuan in the first half of the year, accounting for 7.9% of my countrys total foreign trade. Trade decreased by 18.7% in the first quarter and increased by 13.7% in the second quarter.
