China releases latest data on global trade frictions and commercial certification

The China Council for the Promotion of International Trade (CCPIT) released two sets of key data at its August press briefing on Wednesday, shedding light on global trade frictions and China's resilient foreign trade performance.

In June, the Global Trade Frictions Index stood at 92, indicating a medium to high level of friction. Still, tensions showed signs of easing, partly due to the United States extending its suspension of reciprocal tariffs. The overall value of trade friction measures decreased by 14.7 percent year-on-year and 13.7 percent month-on-month.

Among the 20 economies monitored, India, the United States, and Brazil recorded the highest levels of trade frictions. The U.S. remained the largest source by value, topping the list for 12 consecutive months.

Nineteen countries and regions posted a China-related trade friction index of 102, also at a high level. India recorded the highest index against China, with disputes mainly over electronics such as cameras, routers, and chips. Even so, the value of friction measures targeting China dropped 16.3 percent year-on-year and 13.6 percent month-on-month.

Meanwhile, in July, China's trade promotion system issued 741,700 commercial certificates, up by 10.8 percent from a year earlier. The data reflects the strong momentum in China's foreign trade, which reached its fastest growth rate of the year in July.