DESPITE TRADE TENSIONS FIREWORKS EXPORTS FROM CHINA ARE BOOMING

Global Trade Magazine on 8 July carried an article saying that China produces some 90 percent of the world’s fireworks. Around 60 percent of those are made in Liuyang. It says that Nearly all the fireworks US consumers purchase came from China – about $296.2 million worth – this being about half of the total Chinese output. However, the Washington Post has reported that around 70% of all Chinese fireworks entering the US are produced, warehoused, transported, and ultimately imported under the control of companies owned by just one Chinese businessman and his companies have imported 7,400 containers into the US so far this year, averaging around 72 per day.

fireworks

https://www.globaltrademag.com/despite-trade-tensions-fireworks-exports-from-china-are-booming/

 

If you would like to say thanks by making a small contribution, in case I need to upgrade or replace my computers and other paraphernalia, I have a page at “Buy me a Coffee” – https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s