Rise in China's trade certificate issuance in July signals resilient foreign trade: CCPIT

China issued more certificates of origin and other trade documents year-over-year in July, underscoring steady momentum in the country's foreign trade, the China Council for the Promotion of International Trade (CCPIT) said on Wednesday.

The number of certificates of origin, ATA carnets and other documents issued nationwide rose 10.82 percent from July 2024, a spokesperson for CCPIT said at a press briefing.

Among them, 398,100 non-preferential certificates of origin were issued, up 5.13 percent year on year. Preferential certificates of origin totaled 276,300, marking a sharp increase of 49.42 percent.

Meanwhile, certificates of origin under the Regional Comprehensive Economic Partnership (RCEP) came to 27,065, up 29.73 percent from a year earlier. "The figures highlight the resilience and vitality of China's foreign trade, while also indicating that more enterprises are becoming adept at using preferential trade policies, including those under RCEP, to adapt, innovate and expand markets," said CCPIT spokeswoman Wang Guannan.

The RCEP agreement encompasses 15 countries in the Asia Pacific, ensuring lower tariffs and freer movement of goods among signatories.

Rise in China's trade certificate issuance in July signals resilient foreign trade: CCPIT

The U.S. Senate on Wednesday voted 51-50 to effectively block a bipartisan resolution aimed at curbing President Donald Trump's authority to use military force in Venezuela, after two GOP senators flipped under intense pressure from the White House.

After senators Josh Hawley and Todd Young reversed their position and left the chamber deadlocked 50-50, U.S. Vice President JD Vance cast the tie-breaking vote on a procedural motion, derailing the measure that would have required the president to obtain congressional approval before taking further military action in the oil-rich South American nation.

The resolution was introduced in the wake of a U.S. military operation in Venezuela that resulted in the capture of President Nicolas Maduro. The U.S. Senate on January 8 voted 52 to 47 to advance the war powers resolution.

Trump had publicly criticized the five Republicans who joined all Democrats to back the bill, saying they "should never be elected to office again."

The president also called each of the five senators to vent his frustration over their votes, said a report from The Hill.

U.S. Senate blocks bid to curb presidential war powers on Venezuela