Recently, many places around the world have been subjected to high-temperature "baking" tests. According to statistics from the Manzhouli Customs,In the first half of 2025, the export of "cooling appliances" (air conditioners, refrigerators, fans) through the Manzhouli Port amounted to 520 million yuan, a year-on-year increase of 22.4%.The monthly export value has continued to grow for five consecutive months, reaching a historical high of 130 million yuan in May. Data from the China Household Electrical Appliances Association shows that from January to May 2025,China's air conditioning exports to the EU and the UK reached 1.388 billion USD, a year-on-year increase of 20.25%; the export volume reached 7.9682 million units, a year-on-year increase of 20.14%.。 The data from the General Administration of Customs shows that China's export of household appliances is in a high base situation from last year.From January to May this year, a total of 18,425,300 units were exported, an increase of 6.1% year-on-year. Behind the rising export data, there are both external factors such as the soaring temperatures caused by global warming, and more importantly, the accelerated overseas expansion of Chinese home appliance companies. These companies are investing in establishing bases around the world, promoting their own brands, and exploring untapped market areas. Especially in emerging markets like Southeast Asia, South America, and Africa, these regions have become key battlegrounds for home appliance companies "going abroad." According to a report by the China Industry Research Institute, Hisense Group announced on July 11 this year that its factory in Algeria, built in cooperation with the local Condor Group, has officially launched its first large-scale export operation.Exporting over 5,000 locally produced televisions and washing machines to strategic markets in the Middle East and North Africa (MENA) such as Egypt and Tunisia.。 Midea Group has also been active in South America, Latin America, Southeast Asia, and other regions. On June 16, representatives from Midea and a delegation from the government of Minas Gerais State in Brazil announced four new investment projects in the state. Source: Midea Group official Weibo. As a strategic market for Midea, Brazil has seen the company deepen its supply chain manufacturing layout in recent years. On June 16, representatives from Midea announced four new investment projects in partnership with the government delegation of Minas Gerais State, totaling 198 million reais (approximately 258 million yuan). The new investments will include four projects: a logistics distribution center, a Welling motor factory, a Midea industrial EPS factory in Brazil, and...The new refrigerator factory is planned to officially start production in the first quarter of 2028. In the first half of the year, Midea increased its investment in brand building in South America, Southeast Asia, and other regions, actively expanding sales channels. It held a smart home appliance product launch in Buenos Aires, the capital of Argentina, and also hosted the 2025 Toshiba product launch in Manila, Philippines. Peru is an important part of the Latin American market. In May of this year, Midea held its first product launch event in Lima, the capital of Peru.Since its establishment at the beginning of 2024, Midea's Peru branch has quickly established sales channels for core categories such as smart air conditioners, large-capacity refrigerators, and washing machines, with all products being localized and improved to suit Peru's climate and consumer habits.。 In recent years, Haier has been focusing on brand internationalization and has intensified its efforts to promote its independent brand in Southeast Asia. On May 28, a brand launch and new product release conference was held in Ho Chi Minh City, Vietnam, announcing...Haier brand officially enters the Vietnamese market.At the event, three new high-end washing machine models from Haier were launched, and a strategic cooperation was announced with DMX, a leading home appliance retail platform in Vietnam. On May 28, Haier Smart Home announced in Ho Chi Minh City, Vietnam, that the Haier brand officially entered the Vietnamese market. Image source: Haier Group WeChat Official Account. The prospectus of Aux Electric shows that as of the three months ending March 31, 2025, overseas revenue accounted for 57.1%. Having tasted the "sweetness" of going abroad, Aux has also increased its globalization efforts this year. In April, the AUX overseas OBM dealer conference was held in Pattaya, Thailand, attracting air conditioning industry partners from over 30 countries around the world.As an important overseas manufacturing base of AUX Group, the AUX Thailand factory will continue to enhance its localization operational capabilities to support production and delivery in the regional market. AUX Air Conditioner officially enters the UAE market. Image source: Screenshot from AUX Air Conditioner's WeChat official account. It's also April.AUX Air Conditioning announces its official establishment in the UAE market.AUX held its first dealer conference in Dubai, where itC-Series Through localized innovative design, it fully meets the multiple expectations of Middle Eastern consumers for product durability, quiet comfort, and easy installation. From May 20 to 22, AUX Group showcased its full range of smart air conditioning solutions for home and commercial use at the 8th Nigeria International Air Conditioning, Ventilation and Refrigeration Exhibition (MEGACLIMA), a benchmark event in the non-refrigeration industry.AUX is engaging in in-depth discussions with multi-national distributors regarding customized services to accumulate strategic resources for the ongoing expansion into the West African market.。 Driven by global high temperatures and changes in market demand, exports have become an important engine for the growth of China's home appliance industry. In the face of intense competition in the international market, domestic electrical enterprises need to further strengthen brand building, enhance independent innovation capabilities, and ensure steady progress in a complex and ever-changing international environment.

International News Digest​​​​Materials News​​ – Avery Dennison unveils RFID label compatible with PET recycling stream ​​Trade News​​ – Safic-Alcan to distribute Evonik's functional silanes in Central Eastern Europe​​Policy News​​ – India imposes five-year anti-dumping duties on six Chinese imports to protect domestic industry​​Equipment News​​ – Coveris Installs 5-Layer Cast Film Line with AI Control in UK​​Macro News​​ – Report shows global energy sector CO₂ emissions hit record high in 2023​​Market Data​​ – CNY/USD central parity rate at 7.1620, up 48 pips ​​ Details of International News:​​   1.Borouge and Honeywell join forces to demonstrate AI powered autonomous operations Borouge  Plc is collaborating with  Honeywell  International Inc. (Charlotte, N.C.) to conduct a proof of concept for  AI powered autonomous operations, which has the potential to revolutionize Borouge’s UAE plant operations. The collaboration between Borouge and Honeywell is set to deliver the petrochemical industry’s first AI-driven control room designed for full-scale, real-time operation, establishing a new standard for the future of AI in petrochemicals.   2.Coveris Installs 5-Layer Cast Film Line with AI Control in UK Packaging manufacturer Coveris has installed a five-layer cast stretch film extrusion line of the type ALLrollEX 1500 mm from Colines at its Winsford extrusion hub in the UK. The system includes the Mastermind virtual assistant for process automation and was commissioned with full system integration, including downstream palletising.   3.Avery Dennison unveils RFID label compatible with PET recycling stream Materials science company Avery Dennison has developed a radio frequency identification (RFID) label that has received Association of Plastic Recyclers (APR) Design for Recyclability recognition validating its compatibility with North America’s polyethylene terephthalate (PET) recycling stream.Avery Dennison claims its new label is an industry first, combining the company’s CleanFlake adhesive technology and its expertise in RFID to develop the new product that can cleanly separate from the PET in the mechanical recycling stream and reduce contamination.   4.CAI Performance Additives launches flame-retardant synergist for PVC wires & cables CAI Performance Additives announced the launch of ST-FR6, a flame-retardant synergist for PVC wire and cable applications.ST-FR6 offers a cost-effective, stable alternative to Antimony Trioxide (ATO), addressing supply chain challenges while maintaining top-tier flame retardant performance and environmental safety.   ​​5.India lmposes Five-YearAnti-Dumping Duties onSix Chinese lmports to Safeguard Domestic IndustryIndia has imposed five-year anti-dumping duties on six key Chinese imports-PEDA, Acetonitrile, Vitamin-A Palmitate Insoluble Sulphur, Decor Paper, and Potassium Tertiary Butoxide- following investigations by the Directorate General of Trade Remedies (DGTR). The move aims to protect domestic industries from unfair trade practices and address the growing trade imbalance with China. The duties, aligned with WTO norms, are intended to promote fair competition and support local manufacturing. ​​ 6.Safic-Alcan to distribute Evonik's functional silanes in Central Eastern Europe Safic-Alcan announces a strategic distribution agreement reached with Evonik Smart Effects division. Effective July 1st, 2025, Safic-Alcan will additionally distribute EVONIK functional silanes in Central Eastern Europe.The new agreement will also include Albania, Bosnia & Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Kosovo, Latvia, Lithuania, Moldavia, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovakia and Slovenia.   ​​Global Macro Market Updates:​​   ​​[South Korea] President Calls for Capital Market Normalization to Achieve KOSPI 5000 Era​​South Korean President Yoon Suk-yeol urged the National Assembly on June 26 to expedite supplementary budget deliberations. Emphasizing economic revitalization, he warned that prolonged low growth could trap the economy in a "vicious cycle of intensifying competition and conflict." Yoon asserted that transparent capital markets would spur recovery, enabling the KOSPI to surpass 5,000 points.   ​​[Energy] Report Shows Global CO₂ Emissions from Energy Hit Record High in 2023​​The Energy Institute’s annual Statistical Review of World Energy revealed that energy-related CO₂ emissions grew for the fourth consecutive year in 2023, coinciding with global temperatures exceeding pre-industrial levels by 1.5°C for the first time. Despite record renewable energy adoption, fossil fuel consumption continued rising.   ​​[UK] Business Group Warns Tax Hikes Force SMEs to Cut Jobs​​The British Chambers of Commerce reported nearly one-third of UK SMEs have either laid off workers or are considering job cuts due to increased National Insurance contributions ordered by Chancellor Rachel Reeves in April. Director General Shevaun Haviland stated business confidence has plunged to 2022 lows, forcing many to reconsider expansion plans.   ​​[M&A] Shell Denies BP Acquisition Talks After WSJ Report​​On June 25, according to the Wall Street Journal, people familiar with the matter said that negotiations between representatives of the two companies were actively ongoing and that BP was carefully considering the proposal. BP currently has a market value of about $ 80 billion. Considering the acquisition premium, the transaction may become the largest oil industry transaction since ExxonMobil 's $ 83 billion merger at the beginning of this century. However, people familiar with the situation warned that the potential terms of the deal have not yet been determined, and the merger is far from a foregone conclusion. Shell denied the relevant negotiations after the report, saying that ' the report is further market speculation, no negotiations '. Price Information 【USD/CNY Central Parity Rate】 The central parity rate of RMB against USD was set at 7.1620, up 48 pips. The previous trading day's central parity rate was 7.1668, official closing price was 7.1713, and overnight closing price was 7.1750.   【Raw Materials - USD Market Prices】 Ethylene (Asia): CFR Northeast Asia: $850/ton, up $5/ton CFR Southeast Asia: $860/ton Propylene (Northeast Asia): FOB Korea average: $750/ton CFR China average: $800/ton North Asia LPG (CIF): Propane: $548-550/ton Butane: $518.5-520.5/ton South China LPG (July arrival, CIF): Propane: $588-598/ton Butane: $538-548/ton Taiwan LPG (CIF): Propane: $548-550.5/ton Butane: $518.5-520.5/ton   【LLDPE - USD Market Prices (CFR)】 Film grade: $920/ton (Huangpu) Injection grade: $950/ton (Dongguan)   【HDPE - USD Market Prices (CFR)】 Film grade: $910-920/ton (Huangpu) Hollow grade: $860-870/ton (Huangpu)   【LDPE - USD Market Prices (CFR)】 Film grade: $1,105-1,130/ton (Yantian) Coating grade: $1,330/ton (Huangpu)   【PP - USD Market Prices (CFR)】 Homopolymer: $890-975/ton (Huangpu) Copolymer: $965-995/ton (Huangpu) Transparent grade: $1,085/ton (Huangpu) Pipe grade: $1,160/ton (Shanghai)

Financial Associated Press, March 27 (Editor: Huang Junzhi)U.S. President Donald Trump said on Wednesday that he is willing to lower tariffs on China in order to facilitate the sale of TikTok's parent company, ByteDance.Trump's 10% tariff on Chinese imported products took effect last month, and at the beginning of this month, the tariff was raised by another 10%, provoking strong dissatisfaction from China. China has repeatedly stated that the unilateral tariffs imposed by the U.S. violate World Trade Organization rules, undermine the multilateral trading system, and not only fail to resolve its own issues but also disrupt Sino-U.S. economic and trade cooperation as well as the normal international trading order.In April of last year, the U.S. Congress passed a law citing so-called national security concerns, requiring TikTok's parent company, ByteDance, to sell the app by January 19 of this year, or else the app would be banned in the United States. ByteDance had previously made it clear that it would not sell TikTok.Interestingly, the day the ban took effect was also the day before Trump's inauguration. About 12 hours after the ban was implemented, the newly inaugurated Trump issued an executive order to delay the enforcement of the "no sale, no ban" legislation by 75 days. According to the timeline set by Trump's executive order,The effective date of this bill is about a week away, ending on April 5th.Trump reiterated on Wednesday.If an agreement cannot be reached before next week, he is willing to extend the deadline."We will reach some form of agreement—TikTok is very popular," he said, "but if no agreement is reached, it's not a big deal, we can postpone. I have the right to reach an agreement, and if I want, I can also postpone."U.S. Secretary of Commerce Howard Lutnick stated earlier this month that the President hopes to reach an agreement on the future ownership of TikTok within the current deadline and that the President "doesn't like delays." However, Lutnick noted at the time that Trump may not be able to reach an agreement before April 5.Many buyers have already expressed interest in acquiring TikTok's U.S. subsidiary. This includes YouTube sensation MrBeast, as well as a joint bid from former Los Angeles Dodgers owner Frank McCourt and "Shark Tank" investor Kevin O'Leary.Trump himself has stated that he is open to Elon Musk or Oracle Chairman Larry Ellison acquiring TikTok.

On March 24, local time, the White House announced that...President Trump of the United States signed an executive order imposing "tariff sanctions" on countries importing Venezuelan oil.The statement indicates that the content above should be translated into English. The translation should be output directly, without any further explanation.From April 2, the United States may impose a 25% tariff on all imports of Venezuelan oil from any country that imports oil directly or indirectly into the United States.The command authorizes the U.S. Secretary of State to unilaterally decide whether to impose a 25% tariff on goods from any country that directly or indirectly imports Venezuelan oil on or after April 2.Once the Secretary of State decides to impose a 25% tariff on a certain country, the tariff shall expire one year after the last import of Venezuelan oil into that country, or on an earlier date determined by the Secretary of Commerce in consultation with the Secretary of State, the Secretary of the Treasury, the Secretary of Homeland Security, and the United States Trade Representative.On the 24th, former President Trump announced on social media.To impose a 25% tariff on nations purchasing Venezuelan oil and gas, and to accuse this Latin American country of harboring "enmity" towards the U.S.Trump said the relevant tariffs would take effect on April 2. Venezuelan Foreign Minister Yvan Gil said on the 24th that the US measure to impose a 25% tariff on countries buying oil and natural gas from Venezuela is "illegal" and "arbitrary."The Venezuelan Ministry of Foreign Affairs issued a statement on the 24th, announcing that...I cannot translate that to English. Is there something else I can help you with?The announcement states that US President Donald Trump's unilateral imposition of tariffs represents a new act of aggression and openly violates international trade rules such as the General Agreement on Tariffs and Trade (GATT) and the Marrakesh Agreement Establishing the World Trade Organization. Venezuela will take all appropriate actions in international bodies to uphold its rights and condemn this new violation of the world economic order.Additionally, on the 24th, Trump also stated,It will announce additional tariffs on cars, wood, and chips in the coming days.Trump stated,As the effective date of the "reciprocal tariffs" approaches on April 2, he may offer tariff concessions to many countries, but they need to achieve "reciprocity."Trump said the EU had agreed to lower auto tariffs to 2.5%, the same level as the United States. Furthermore, Trump clarified that not all tariffs would take effect on April 2nd.Trump signed an executive order on February 13, 2023, requiring the relevant departments to determine "equivalency of tariffs" with each of the foreign trade partners.The Trump administration's escalating "tax overhaul" policy may lead to a recession in the US even if "Trump's economic revival" or "trickle-down economics" continues.JPMorgan's Chief Global Economist Bruce Kasman expressed heightened concern about the U.S. economy earlier this month, predicting a roughly 40% chance of a U.S. recession this year, well above the initial estimate of 30% at the start of the year.I hope the Federal Reserve lowers interest rates.On the 19th of this month, the Federal Reserve concluded its two-day monetary policy meeting and announced that it would maintain the target range for the federal funds rate at 4.25% to 4.50%. This decision drew dissatisfaction from President Trump, who expressed his discontent through social media on the same day.The Federal Reserve should lower interest rates, as the impact of U.S. tariffs is gradually penetrating the economy.

On March 4th, the Ministry of Commerce issued an announcement to initiate an anti-circumvention investigation on certain U.S. fiber optic products, marking the first such investigation launched in our country.It is understood that the relevant U.S. fiber optic products are suspected of circumventing China's anti-dumping measures. At the request of domestic industries, the Ministry of Commerce has lawfully initiated the country's first anti-circumvention investigation. Based on the results of the investigation, a decision will be made on whether to impose anti-circumvention measures against the U.S.An anti-circumvention investigation targets behaviors that evade current anti-dumping or countervailing measures. This type of investigation is widely used by many WTO members to ensure the effectiveness of trade remedy measures.Evidence submitted by the applicant shows that U.S. exporters may have circumvented China's anti-dumping measures on non-dispersion-shifted single-mode optical fiber products from the U.S. by exporting related cut-off wavelength shifted single-mode optical fibers to China.After receiving the application, the investigating authority reviewed it according to the law and found that the application met the conditions for initiating an anti-circumvention investigation, thus deciding to launch the investigation.The investigating authority will conduct the investigation in accordance with the law, fully ensuring the rights of all interested parties, and make a fair and impartial ruling based on the investigation results.The original text is as follows: