News
China’s foreign trade bucks trend, sets new records
By Kong Dechen
Engaged in the cross-border e-commerce business, Tang Sheng has worked on a very tight schedule in a recent couple of months.
“I sell tools on Amazon. In the first quarter this year, my business performance was poor due to the rising price of raw materials and COVID-19 resurgence in China,” he said.
Fortunately, an upsurge of orders arrived in May and June. “I’m happy though I’m kept busy,” Tang told People’s Daily.
After Amazon announced the date of its Prime Day this year, an annual deal event exclusively for the e-commerce giant’s Prime members, Tang stocked up in advance.
“I got a lot more orders this year. Ports in Guangzhou see a busy logistics,” Tang said. According to him, the shipping price has been significantly lowered, from the peak point of around 30 yuan ($4.45) to 18 yuan per kilogram. It has greatly relieved the cost pressure for foreign trade companies.
According to customs statistics, China’s foreign trade of goods jumped 9.4 percent year on year in the first half of this year. The total imports and exports in May and June grew 9.5 percent and 14.3 percent, respectively, reversing the decline in growth in April led by the COVID-19 resurgence.
The month-by-month growth signified a V-shaped rebound in China’s foreign trade and has laid a solid foundation for the whole-year performance.
Apart from the upturn, China’s foreign trade also set two new records. In the January-June period, the country’s total imports and exports of goods hit a record of over 19.8 trillion yuan. The number in June stood at over 3.7 trillion yuan, with total exports exceeding 2.2 trillion yuan, the highest monthly figures ever.
While the growth picks up, the quality of foreign trade is also improving. The proportion of general trade continues expanding, and the trade with major trading partners is on a rise. Besides, foreign trade entities have become more active and there’s a steady growth in the imports and exports of major products. As of June this year, China’s foreign trade had recorded positive growth for eight consecutive quarters.
The month-by-month growth in the total foreign trade volume came from the stable macro economy, including the robust domestic demand for production and the rapid recovery of foreign trade in certain regions of the country.
The V-shaped rebound couldn’t have been achieved without the country’s supportive policies. For instance, to ensure smooth logistics of COVID-19 vaccines, the General Administration of Customs (GAC) has launched whole-process monitoring during customs clearance and carried out advanced verification of declaration documents, so that vaccine products don’t need to be unpacked during the process and fast clearance is ensured.
“The rebound of China’s exports in May was indeed recovery growth following the pandemic,” said Huo Jianguo, vice chairman of the China Society for World Trade Organization Studies.
“It was inseparable from China’s efforts to eliminate negative factors troubling the foreign trade sector, such as opening green channels and prioritizing the shipments of foreign trade enterprises, In general, the policies to promote work resumption and straighten logistics are effective,” he explained.
Liang Ming, director of the institute of international trade at the Chinese Academy of International Trade and Economic Cooperation, a think tank of the Ministry of Commerce, told People’s Daily that promoting the stability and quality of foreign trade is a focus of China in the next phase.
While maintaining a stable size of its trade and steady share in the international market, China will improve the quality and economic benefits of foreign trade, so as to achieve high-level opening up, Liang said.
So far, the GAC has launched special campaigns and rolled out facilitation measures in 10 cities across China. It has also worked to shorten the time of customs clearance and guided more than 90,000 enterprises to apply for customs declaration registration with the streamlined method that integrates multiple procedures into one consolidated business license. It has promoted integrated reform in all services and further improved trade facilitation.
“The fundamentals sustaining China’s economic resilience, potential and long-term growth remains unchanged, and the country’s foreign trade is expected to embrace further growth,” said Li Kuiwen, spokesperson of the GAC.
News
“Nigeria’s Biggest Ever Coalition, Civil Groups, Professionals, Labour, Artisans, Declare for Bola Tinubu”
In what is being described as an unprecedented political development ahead of the 2027 general elections, a broad-based national coalition cutting across civil society organisations, professional bodies, labour groups, artisan associations, and other grassroots networks has announced plans to formally endorse President Bola Ahmed Tinubu for a second term in office.
The coalition, spearheaded by the Coalition of Civil Society Organisations in Nigeria, COCSON, now extends far beyond the traditional civic space, bringing together over 1,500 groups from diverse sectors of the Nigerian society. Participants include human rights organisations, medical and legal professionals, trade and artisan unions, community-based organisations, and influential labour leaders, reflecting a wide national spread and multi-sectoral backing.
The historic convention is scheduled to hold on May 17, 2026, where leaders and representatives of the various groups are expected to converge in what organisers say will be the largest endorsement gathering in Nigeria’s history. The event will serve as the official platform for the coalition to collectively declare support for President Tinubu’s re-election bid.
In a major demonstration of grassroots mobilisation, the coalition also revealed plans to submit a compiled total of 20 million signatures of Nigerians who have endorsed the President’s candidacy. The signatures, gathered through extensive nationwide engagement, are being positioned as a clear indication of public support cutting across regions, professions, and social strata.
Organisers of the event stated that the decision to back President Tinubu is driven by what they described as tangible strides in economic reforms, governance, and national stability. They emphasised that the inclusion of non-traditional actors such as artisans, market groups, and labour unions underscores a broader national consensus that transcends the usual civil society framework.
Political analysts say the scale and diversity of this coalition mark a significant shift in Nigeria’s political landscape, where support structures are no longer confined to political parties and elite stakeholders but are increasingly driven by a fusion of grassroots and professional constituencies.
As momentum builds towards the May 17 convention, observers are keenly watching how this expansive alliance will shape political narratives and influence voter sentiment in the lead-up to the 2027 elections.
Further details on the convention and breakdown of participating groups are expected to be unveiled in the coming days.
In what is being described as an unprecedented political development ahead of the 2027 general elections, a broad-based national coalition cutting across civil society organisations, professional bodies, labour groups, artisan associations, and other grassroots networks has announced plans to formally endorse President Bola Ahmed Tinubu for a second term in office.
The coalition, spearheaded by the Coalition of Civil Society Organisations in Nigeria, COCSON, now extends far beyond the traditional civic space, bringing together over 1,500 groups from diverse sectors of the Nigerian society. Participants include human rights organisations, medical and legal professionals, trade and artisan unions, community-based organisations, and influential labour leaders, reflecting a wide national spread and multi-sectoral backing.
The historic convention is scheduled to hold on May 17, 2026, where leaders and representatives of the various groups are expected to converge in what organisers say will be the largest endorsement gathering in Nigeria’s history. The event will serve as the official platform for the coalition to collectively declare support for President Tinubu’s re-election bid.
In a major demonstration of grassroots mobilisation, the coalition also revealed plans to submit a compiled total of 20 million signatures of Nigerians who have endorsed the President’s candidacy. The signatures, gathered through extensive nationwide engagement, are being positioned as a clear indication of public support cutting across regions, professions, and social strata.
Organisers of the event stated that the decision to back President Tinubu is driven by what they described as tangible strides in economic reforms, governance, and national stability. They emphasised that the inclusion of non-traditional actors such as artisans, market groups, and labour unions underscores a broader national consensus that transcends the usual civil society framework.
Political analysts say the scale and diversity of this coalition mark a significant shift in Nigeria’s political landscape, where support structures are no longer confined to political parties and elite stakeholders but are increasingly driven by a fusion of grassroots and professional constituencies.
As momentum builds towards the May 17 convention, observers are keenly watching how this expansive alliance will shape political narratives and influence voter sentiment in the lead-up to the 2027 elections.
Further details on the convention and breakdown of participating groups are expected to be unveiled in the coming days.
News
How ISWAP killed Army Col. Six others in Borno.
☆☆☆As Troops Foil Series of Ambushes.
Troops of the Nigerian Army under operation Hadin Kai have foiled a series of ambush by suspected members of the Islamic State West Africa Province (I SWAP) terrorist along the Monguno in Borno state.
Islamic state of West Africa province (ISWAP) have attacked the Nigerian army from Monguno 242 Battion Barrack in Borno State on their way to reinforce the camp.
A serving Nigerian Army Colonel was reportedly killed in an ambush by insurgents in Monguno, Borno State, during a reinforcement mission
Source added said that colonel I.A. Muhammad was ambushed by ISWAP and killed along with four other soldiers.
Community confirmed that the troops who were on a fighting patrol as part of operation,came under fire from suspected terrorists
As of the time of felling this report, there has been no official statements from the Nigerian Army regarding the accident.
News
Dogara Felicitates Dangote at 69, Applauds His Enduring Impact on Africa
Hon. Yakubu Dogara, former Speaker of the House of Representatives and Chairman of the Credit Guarantee Company Limited (NCGC), has joined Nigerians and the global business community in celebrating Alhaji Aliko Dangote on his 69th birthday. In a detailed tribute, Dogara described Dangote as “a visionary whose life’s work has become a cornerstone of Africa’s economic transformation.”
Dogara emphasized that Dangote’s entrepreneurial journey is one of resilience and foresight. From humble beginnings, he built the Dangote Group into Africa’s largest conglomerate, with investments spanning cement, sugar, salt, fertilizers, and the landmark Dangote Refinery. These ventures, Dogara noted, have not only revolutionized industries but also created millions of jobs, strengthened Nigeria’s economy, and reduced dependence on imports. “Alhaji Dangote is not just an entrepreneur; he is a nation-builder whose vision has redefined what is possible for Nigeria and Africa,” Dogara said.
He pointed out that the Dangote Refinery, in particular, represents a turning point in Nigeria’s energy sector, offering the promise of self-sufficiency in petroleum products and positioning the country as a major player in global energy markets. “This singular achievement underscores his commitment to solving Africa’s most pressing challenges through bold and innovative solutions,” Dogara remarked.
Beyond his industrial empire, Dogara praised Dangote’s philanthropy through the Dangote Foundation, which has invested heavily in healthcare, education, and humanitarian relief. From building hospitals and funding scholarships to providing aid during crises, Dangote’s generosity has touched countless lives across the continent. “His philanthropy reflects a deep commitment to humanity. He has shown that true greatness lies not only in building industries but also in uplifting lives,” Dogara added.
Dogara also reflected on the inspirational power of Dangote’s story, stressing that his rise from modest beginnings to global prominence serves as a beacon of hope for young Africans. “His journey proves that with hard work, faith, and determination, Africans can build enterprises that rival the best in the world. He remains a shining example of African excellence,” he concluded.
As Dangote celebrates his 69th birthday, his legacy continues to resonate far beyond Nigeria’s borders. His life stands as a testament to the transformative power of vision, enterprise, and compassion—an enduring reminder that Africa’s future can be defined by innovation, resilience, and generosity
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