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38 Parenting Products From Amazon Our Readers Loved In 2024Over the course of 2024, China’s foreign trade development has maintained a good momentum, with overall quality and structure improvement and stable growth. The achievements have not come easily considering the current slowing global economic recovery, intensifying trade protectionism and intertwined geopolitical conflicts. China’s foreign goods trade increased by 4.9 percent year-on-year to reach 39.79 trillion yuan ($5.45 trillion) in the first 11 months of 2024, demonstrating stable growth and ongoing structural improvements, data from the General Administration of Customs (GAC) showed. “With the concerted efforts of both stock and incremental policies in the field, China is expected to end the year with a smooth performance in foreign trade and achieve the goal of stable quality and quantity,” Lü Daliang, spokesperson of the GAC, said at a press conference on December 10. While maintaining a stable growth in foreign trade, China also vowed to share its vast market with the world by boosting the expansion of imports, including policy support, platform construction and transport facilitation. In the first 11 months, China’s imports from all the least developed countries (LDCs) that have established diplomatic relations with China increased by 12.4 percent, nearly 10 percentage points higher than the overall growth rate of China’s imports, according to GAC data. Honey from Rwanda, wild aquatic products from Uganda, peanuts and sesame from Chad, fresh pine nuts from Afghanistan ... In 2024, more and more agricultural products have been exported to China, opening its market to more and more countries through major trade events and e-commerce. The 7th China International Import Expo (CIIE), held in November in Shanghai, featured 37 LDCs, with the event organizers providing more than 120 free exhibition booths specifically for businesses from these countries. “This is the second time that we have participated in the CIIE ... We have 30 companies coming to the expo this year compared with about 20 in 2023,” Kassim Kone, a delegate from the Mali Export Promotion Agency of the Ministry of Industry and Trade of Mali, told the Global Times, an indication of how Mali values this event. Bangladesh also showcased a variety of products at the 7th CIIE, ranging from leather to food. Some of these products are already being exported to China, Md Ziaur Rahman, the commercial counselor of the Embassy of Bangladesh in China, told the Global Times. “Since its launch, the CIIE has been providing facilitation for LDCs. For the past seven years, more and more products from LDCs have entered the Chinese market through the CIIE, which contributed to the industrial development and improvement of people’s livelihood in these countries,” Mao Ning, a spokesperson for the Ministry of Foreign Affairs, said on November 7 at a regular press conference. Shanghai launched the 2024 Shanghai Silk Road E-commerce Carnival in May 2024, under which Meione (Shanghai) Network Technology Co conducted a special promotion event exclusively for African products, selling raw materials such as cocoa cubes, coffee extracts and tea extracts from African countries, including Ethiopia, Kenya, Rwanda and Uganda, Meione said in a statement shared with the Global Times. China has been facilitating market access for more imports, especially for LDCs. Starting from December 1, 2024, China gave zero-tariff treatment for 100 percent tariff lines to LDCs. China is the first developing country and major global economy to implement this initiative, the Ministry of Commerce (MOFCOM) said. Regarding China’s zero-tariff treatment policy for LDCs, of which Bangladesh is one, Rahman said that “this policy will significantly promote trade for countries like ours, and we are very grateful for it.” “This demonstrates China’s commitment to forge a global development partnership, under which no country or individual should be left behind,” Zhu Qiucheng, CEO of Ningbo New Oriental Electric Industrial Development, an exporter of home furnishing products, told the Global Times on Friday. China’s foreign trade, while with increasing imports from more countries and keeping a stable growth in 2024, also improved its mix, with exports of high-quality and high-tech products particularly increased. Specifically, mechanical and electrical products accounted for nearly 60 percent of exports in the first 11 months, of which automatic data processing equipment and its parts, integrated circuits and automobiles exports grew by double digits, according to GAC data. Exports of the “new trio,” namely, electric vehicles, lithium-ion batteries, and photovoltaic products, have become China’s new business cards in the world. It means that in the “smile curve” of the global manufacturing industry, Chinese foreign trade enterprises are moving toward the upstream of the global value chain. The curve is called a “smile” because the two ends of the curve (R&D and after-sales service) have higher value, while the middle section (manufacturing) is relatively lower in terms of value creation. According to the latest data from China Automobile Dealers Association, China’s cumulative export volume of new-energy vehicles was 1.72 million units in the first 10 months of 2024, an increase of 15 percent year-on-year. “Compared with labor-intensive goods such as textiles and clothing, the ‘new trio’ represents technology-intensive products, which are transformed and upgraded to high-end, intelligent and green – meaning higher added value,” said Zhu. The transformation and upgrading of China’s economic and trade structure have been demonstrated through China-initiated trade events, such as the CIIE, the China Import and Export Fair (Canton Fair), and the China International Supply Chain Expo. The Canton Fair, for example, used to mainly showcase consumer goods. But in recent years, the proportion of intermediate and capital goods on display has increased to 12 percent, the Global Times learned from the organizer. In the machinery exhibition area where capital goods are concentrated, the number of booths has increased by more than 50 percent in the past five years. With increasingly advanced technologies, together with China’s world-leading manufacturing level and stable supply chains, Chinese enterprises are making high-tech products more affordable for the world, Liu Jinshi, chief engineer of Ston Robotics Changzhou Co, told the Global Times. While China’s position in the global trade market is gradually shifting to the middle and high-end in terms of industrial chains and value chains, the country’s trade partners are also diversifying. In particular, its trade with developing and emerging markets grew at a fast pace. In the first 11 months, China’s trade with countries participating in the Belt and Road cooperation saw a year-on-year increase of 6 percent, while that with ASEAN members rose by 8.6 percent. In this period, China’s foreign trade with Latin America increased by 7.9 percent and that with Africa up 4.8 percent, according to GAC. The foreign trade of goods this year showed a good performance, both from the perspective of trading partners and the structure of traded goods, Wan Zhe, an economist and professor at the Belt and Road School of Beijing Normal University, told the Global Times. “The export growth of products with high technologies is strong, reflecting the increasing quality of China’s industrial development,” said Wan. China’s economy has demonstrated strong resilience, great potential and vitality. The country is building a new economic development pattern of “dual circulation” with the domestic market as the mainstay and the domestic and overseas markets reinforcing each other and China is capable of resisting the impact of external shocks, Chinese Vice Commerce Minister Wang Shouwen, said on November 22 at a press conference. The State Council recently issued a package of policy measures aimed at promoting the stable growth of foreign trade, while the MOFCOM, the GAC and other departments launched specific measures to accelerate the integrated development of domestic and foreign trade, further optimize the business environment at ports, and promote the convenience of customs clearance for enterprises, said Lü. The recent Central Economic Work Conference further stressed efforts to promote high-standard opening up while keeping foreign trade and foreign investment stable as being one of the key tasks for 2025, according to the Xinhua News Agency. “Looking ahead, favorable conditions are stronger than unfavorable factors, such as declining global demand and growing trade barriers and protectionism. There is a basis and support for China to achieve steady growth of imports and exports,” said Zhu. Source: Global Times

NFL world reacts with excitement, surprise, questions after Bill Belichick is hired to coach UNC

South Carolina has won six straight games, and one of the catalysts has been the improved free-throw shooting of Nick Pringle. When South Carolina (9-3) faces Presbyterian (7-7) in the final nonconference game for both teams on Monday in Columbia, S.C., the Gamecocks won't have to hold their breath when Pringle toes the line. During South Carolina's surge, which includes wins over three power conference teams, Pringle has made 26 of 30 (86.7 percent) free-throw attempts. It's a remarkable improvement from his 51.7 percent career success rate entering the season. Last month, in his South Carolina debut after transferring from Alabama, Pringle's foul shooting woes continued as he shot 3-for-8 in stunning 74-71 upset at the hands of the visiting North Florida. But video work with coach Lamont Paris convinced Pringle that he needed to quicken his routine and tweak his set point, which is where a player's eyes focus on the rim. "How long it was taking him to release the ball once he started his free throw process was really long, really, really long," Paris said. "So he shortened it." In a 74-48 win over Radford on Dec. 22, Pringle made all 10 of his free throws. His work at the line is no small matter, as he has taken the second-most free throws on the team (61). Pringle averages 10.3 points and 6.8 rebounds per game, combining with Collin Murray-Boyles (16.2 points, 9.3 rebounds) to give the Gamecocks a formidable duo inside. Presbyterian enters after suffering its first home loss this season, 86-81 in overtime to Manhattan on Dec. 21. It was a frustrating defeat after the Blue Hose led by 19 points in the first half. There was a positive, however, as Carl Parrish delivered 23 points and nine rebounds, both career highs. It was a performance that sixth-year coach Quinton Ferrell has been awaiting. "Seeing him play like that offensively is not a shock to me because that's really what he's capable of," Ferrell said. "He's a big-time offensive player." Parrish combines in the backcourt with the Blue Hose's top two threats: Kory Mincy, who averages 14.9 points and 4.6 assists per game, and Kobe Stewart, who scores at a 14.4 ppg clip. Located just 60 miles apart, South Carolina and Presbyterian (Clinton, S.C.) have a long history, with their first game coming nearly 108 years ago. The Gamecocks lead the series 33-8. --Field Level MediaNoneThe Cincinnati Bengals kept their slim playoff hopes alive, but they lost starting running back Chase Brown to an ankle injury in Saturday's 30-24 overtime victory over the visiting Denver Broncos. Brown's injury happened with the Bengals driving late in the fourth quarter of a tie game but trying to run the clock down in anticipation of a go-ahead score. He ran 5 yards but hurt himself when he intentionally slid at the 1-yard line in an attempt to keep the clock moving. After his injury stopped the clock, Joe Burrow ran it in for a score on the next play with 1:29 left in the game. The Broncos then scored the tying touchdown with eight seconds to play, and Khalil Herbert took Brown's place in the backfield. Bengals head coach Zac Taylor told reporters after the win that Brown, who totaled 91 offensive yards, had sprained his right ankle. The second-year back rushed for 67 yards on 20 carries and caught four passes for 24 yards. Cincinnati's fifth-round pick in 2023, the 24-year-old Brown was sharing running back duties with Zack Moss this season until Moss went down with a neck injury in the eighth game of the season. In 16 games (10 starts) this season, Brown has 990 rushing yards and seven touchdowns along with 54 receptions for 360 yards and four scores. As a rookie behind Joe Mixon last season, Brown played in 12 games and finished with 179 rushing yards along with 14 catches for 156 yards and one score. --Field Level Media

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