China News Service, Beijing, January 30 (Reporter Li Xiaoyu) The latest data released by the China Council for the Promotion of International Trade on the 30th showed that the global economic and trade friction index in November 2023 was 170, continuing to be in a high range, up 29 points from the same period last year. The amount involved in global economic and trade friction measures increased by 8.5% year-on-year and decreased by 41.8% month-on-month.
Broken down by country, the economic and trade friction index of Brazil, the United States and Mexico ranked among the top three among 20 countries (regions) in November last year, and the EU, United States and Mexico ranked the top three in terms of the amount of economic and trade friction measures involved.
Looking at different industries, the electronics, mechanical equipment and transportation equipment industries are the main points of conflict for economic and trade friction measures. Among the 13 major industries monitored, the electronics industry ranks first in the Global Economic and Trade Friction Index.
In terms of China-related economic and trade frictions, according to statistics from the China Council for the Promotion of International Trade, the China-related economic and trade friction index of 19 countries (regions) in November last year was 152, which is still at a high level. Among them, Brazil has the highest China-related economic and trade friction index, followed by the United States. In that month, the amount involved in China-related economic and trade friction measures in 19 countries (regions) dropped by 13.3% year-on-year and 55.6% month-on-month. The China-related economic and trade friction index in the machinery and equipment, electronics, transportation equipment, light industry and pharmaceutical industries is at a high level.
The "Global Economic and Trade Friction Index" is a trend monitoring index compiled by the Economic and Trade Friction Legal Advisory Committee of the China Council for the Promotion of International Trade. This indicator covers five major areas: import and export tariff measures, trade remedy measures, technical trade measures, import and export restrictive measures and other restrictive measures. (over)