Quick Facts Today

1. Recently, the US Consumer Product Safety Commission (CPSC) announced the recall of two children's toys sold on platforms such as Amazon. ;

2. Shopee plans to withdraw from the Spanish market;

3. Outstanding achievements in the stable and innovative development of foreign trade, Shenzhen leads the mainland cities in export and won 29 consecutive championships ;

4. FedEx has added an international freight route from Beijing to Paris;

5. The exchange rate of the yen against the US dollar once fell below 135.2, a new low since October 1998.

Please see the details below:

Amazon

Two Amazon toys recalled

According to foreign media reports, recently, the US Consumer Product Safety Commission (CPSC) announced the recall of two children's toys sold on platforms such as Amazon. They are: (1) Activity Loops toy , model number 215210, lot number EAN or FCN, recall number 22-156. (2) Jungle Jumparoo Children's Toy , recall number 22-750.

Amazon Japan: FBA cost report helps sellers with customs declaration

Amazon Japan issued an announcement saying that FBA cost reporting can help sellers make customs declarations for FBA inventory shipped from outside Japan to Japan fulfillment centers.

The Fulfillment by Amazon (FBA) Cost Report is a tool that helps sellers make customs declarations for FBA inventory shipped from outside Japan to Japan fulfillment centers. The report is automatically generated based on actual costs and sales of goods shipped. If the seller has any questions about import customs clearance, please contact the contracted carrier and customs broker.

eBay

eBay Encourages Sellers to Launch Auction Items and Offer Promotional Listing Offers

Recently, eBay Australia announced that from June 9 to July 8, 2022, eligible auction items will enjoy a certain discount on the Promoted Listings Express service.

According to eBay's announcement, auction items must be listed on eBay between June 9 and July 8, and the fast sale listing service for such items costs only $0.99. Sellers can add Quick Sale Listings to auctions when creating or editing an item, or from the Activity or Sales Overview pages in My eBay. (E-commerce News)

Shopee

Shopee exits Spanish market

According to Shopee, in order to reallocate resources to other marketplaces and provide maximum value to customers and the wider seller base, the Spanish site will cease operations from 23:59 local time on June 17, 2022. (Cross-border Southeast Asia)

AliExpress

AliExpress surpasses Amazon in the Polish market to become the first

According to data released by Poland’s authoritative media “Poland Daily”, among the most popular local e-commerce platforms, AliExpress, a cross-border e-commerce platform from China, and Allegro, a local e-commerce platform, ranked the top two, respectively, Amazon and Allegro in the United States. Shopee in Singapore tied for third. AliExpress has surpassed Amazon in the Polish market to become the first. ( cross-border know)

Domestic news

Minister of Commerce: WTO reform should promote economic globalization

Minister of Commerce Wang Wentao recently stated at the plenary session of the 12th WTO Ministerial Conference that the reform of the WTO should promote economic globalization, and through the updating of rules and mechanism guarantees, economic globalization should be promoted to be more open, inclusive, inclusive and balanced. , development in a win-win direction. (People's Daily Online)

The stable, innovative development of foreign trade has achieved outstanding results. Shenzhen leads the mainland city in exports and won the 29th consecutive championship.

The General Office of the State Council recently issued a circular to supervise and incentivize 199 places that have achieved remarkable results in 2021. Among them, Shenzhen's commercial work has been affirmed in the aspect of "promoting the stability of foreign trade and the remarkable achievements in innovative development".

Shenzhen's foreign trade report card in 2021 is eye-catching, with imports and exports of 3.54 trillion yuan, an increase of 16.2%, an average growth rate of 9.1% in the two years, a record high in scale, of which exports are 1.92 trillion yuan, an increase of 13.5%, achieving a large mainland China. Zhongcheng won 29 consecutive championships. (Shenzhen News Network)

logistics

FedEx opens new route between Asia and Europe

FedEx has announced the opening of new routes between Asia and Europe. The route will provide better connectivity and service reliability for customers in North Asia including China and Japan. Customers in Singapore will also benefit from additional inbound capacity from Europe. The new route connects Beijing for the first time with the FedEx-Charles de Gaulle (CDG) hub in Paris, France, with 10 weekly connections via Osaka, Japan.

In the first five months of this year, the new western land-sea corridor trains maintained strong growth

China National Railway Group Co., Ltd. disclosed on the 11th that from January to May this year, the new western land-sea channel train maintained a strong growth trend, sending 310,000 TEUs of goods, an increase of 85,000 TEUs or 37.7% year-on-year. (National Railway Group)

global

U.S. consumer inflation hits record high of 8.6% in May

U.S. consumer inflation rose to 8.6 percent year-on-year in May, the highest level in more than 40 years, as soaring energy and food prices pushed up prices. The US Labor Department said on the 10th that the consumer price index rose 8.6% in May from a year earlier, the fastest pace of growth since December 1981. The reading was also higher than the April CPI reading, which was slightly below the previous 40-year high reached in March.

The exchange rate of the yen against the dollar once fell below 135.2, the lowest since October 1998

As of 3:00 pm on the 13th, the yen exchange rate in the Tokyo foreign exchange market in Japan continued to maintain a downward trend. The yen exchange rate once fell below 1 US dollar to 135.2 yen on that day, hitting the lowest level since October 1998. (China News Network)