August 7 Global Trade News

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2026-08-07
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📰Focus on international hot topics, quick overview of global developments.


📅 8June 6Daytime,The 2026 China-South Africa Power Energy Investment Conference was held in Beijing, and South African Energy Minister La Mohaupa highly recognized China's development model and experience in the development of science and technology empowerment. South Africa is promoting a 100-billion-level energy transformation and hopes to learn from China's smart energy and AI power grid application technologies, deepen China-South Africa cooperation in technology and personnel training, and promote energy cooperation between the two countries from project landing to capacity building.

-- People's Daily Online


📅8June 6Daytime,China (Yunnan) Zhaotong Apple Promotion Tasting Conference was held in Bangkok on the 4th. More than 70 representatives from all walks of life from China and Thailand attended the meeting. Relying on the opportunity of RCEP and the new land and sea channel in the west, the activity promoted the advantages of Zhaotong Apple industry, and reached three cooperation contracts on the spot to help Zhaotong Apple to open up the Thai market and deepen practical cooperation between Yunnan and Thailand in agricultural trade and industrial chain.

-- People's Daily Online


📅8June 6Daytime,Recently, Tan Sen, chairman of the US-China Business Council, said that many American companies are optimistic about the advantages of China's economy and innovation system and are actively cultivating the Chinese market. US companies are willing to deepen cooperation with China in agriculture, aviation, finance, life sciences, R & D and manufacturing, and rely on the advantages of China's industry and supply chain to enhance their global competitiveness.

-- People's Daily Online


📅8June 6day,Cambodia held a multinational chamber of commerce exchange meeting, and the Deputy Prime Minister of Cambodia said that he would deepen reform, optimize the business environment, focus on making up for the shortcomings of the midstream industrial chain, and promote the upgrading of the industry to high value-added. China proposes to jointly build an international business environment and deepen multilateral economic and trade cooperation. The business communities of the participating countries will discuss the coordinated development of the industrial chain and stabilize the path of regional production and supply chains.

-- China News Network


📅 8June 6day,The country's first technology and trade appraisal base for trendy play products was unveiled in Dongguan. The base is jointly built by many parties, and will carry out legal research, risk early warning and other work to help enterprises break overseas technical barriers to trade and participate in the revision of standards. As a domestic toy export town, Dongguan toy export scale is considerable, at the same time also held a special tour to help enterprises to improve the level of export compliance.

-- China News Network  


📅8June 6day,International oil prices rose, New York light crude oil, London Brent crude oil futures both closed higher. The geopolitical situation in the Middle East has disrupted markets and the risk of shipping in the Strait of Hormuz has risen, exacerbating global crude oil supply concerns and pushing oil prices up. Oil price volatility will have a knock-on effect on global energy markets, commodity trade and inflation levels in many countries.

-- CCTV News


📅8June 6Daytime,This year, China's high-end steel to achieve a number of technological breakthroughs, 0.07mm "cicada wing steel" to achieve mass production, performance leading the world. High-end electrical steel, marine steel, aviation special steel and other multi-point breakthroughs, successfully breaking the overseas monopoly, widely used in new energy, robotics, shipbuilding, aerospace and other fields. China's iron and steel industry to accelerate the high-end, intelligent, green upgrade, a number of technologies and international standards leading the world.

-- CCTV News 


📅8June 6Daytime,The U.S. government has completed about $100 billion in tariff refunds due to tariff violations. Most of these refunds go to large importers and do not benefit ordinary consumers who bear 70% of the cost of tariffs and bear high price pressures. Due to the dislocation of the refund mechanism, the tariff refund has essentially become a corporate welfare, resulting in the transfer of social wealth to large enterprises.

-- Xinhua


📅 8June 6Daytime,China launched the first foreign trade national security investigation, for the import of printing and copying office equipment. Experts said that this is an important upgrade of China's economic and trade governance system, in line with international rules. The investigation was carried out prudently in accordance with the law to assess the impact of imports on national security and the supply chain of the industrial chain, adhere to the principle of limited necessity, not protectionism, and is intended to build a solid bottom line for opening up to the outside world.

-- Xinhua

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