Temus Deposit Rules Disrupt Crossborder Ecommerce Hit Small Sellers

Temus Deposit Rules Disrupt Crossborder Ecommerce Hit Small Sellers

TEMU's new deposit rules significantly increase seller deposits, reaching up to 100,000 RMB, causing industry shockwaves. This move aims to address overseas regulatory pressure, optimize the platform ecosystem, and eliminate non-compliant sellers. Sellers need to strengthen compliance qualifications, plan their finances carefully, and streamline their store matrix to adapt to the new regulations and embrace a new phase of high-quality development in the cross-border e-commerce industry. The increased deposit acts as a stronger deterrent against fraudulent activities and ensures a more reliable marketplace for consumers.

02/03/2026 Logistics Industry Insights
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Kyoto Convention Panel Reviews Progress Plans Future Updates

Kyoto Convention Panel Reviews Progress Plans Future Updates

The 21st session of the Revised Kyoto Convention (RKC) Management Committee focused on a comprehensive review of the RKC, aiming to ensure its continued effectiveness and adaptability. Discussions covered the ambition level of the review, the RKC's status as a flagship convention, the WGRKC's work plan and timeline, and updates to the RKC ICT Guidelines. The meeting's outcomes will guide the future development of the RKC and have significant implications for global trade facilitation and Chinese enterprises. This review is crucial for modernizing customs procedures and reducing trade barriers worldwide.

02/03/2026 Customs Knowledge
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China Calls for WTO Reform at Davos Meeting

China Calls for WTO Reform at Davos Meeting

At the WTO mini-ministerial meeting, China's representative Li Chenggang emphasized the urgency of WTO reform and proposed a pragmatic Chinese approach, including formulating a reform plan, incorporating the Investment Facilitation Agreement, and extending e-commerce tariff exemptions. Participants affirmed the WTO's role and supported reform. China's active participation aims to reshape the future of multilateral trade and promote global economic development. The proposals highlight China's commitment to a more efficient and inclusive global trading system. The focus is on practical solutions and cooperation to revitalize the WTO.

02/03/2026 Customs Knowledge
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Yunnan Targets Highquality Economic Growth by 2025

Yunnan Targets Highquality Economic Growth by 2025

In 2025, Yunnan's economy achieved steady progress with a GDP growth of 4.1%, reaching 3276.578 billion yuan. Agricultural output exceeded 20 million tons, with significant growth in specialty agricultural products. Industrial transformation and upgrading saw remarkable contributions from non-tobacco and non-energy industries, with rapid development in the new energy sector. The service industry showed vibrant activity. The proportion of clean energy increased, the consumer market recovered, and green investment became a highlight. Residents' income steadily grew, laying a solid foundation for the start of the 15th Five-Year Plan.

02/03/2026 Logistics Industry Insights
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Digital Transformation Fails to Ease Supply Chain Woes

Digital Transformation Fails to Ease Supply Chain Woes

A DHL report indicates that despite significant investments in supply chain technology, companies are not seeing optimal results. This is largely due to insufficient technology integration, a lack of data sharing, and the absence of a holistic strategic plan. To achieve true digital transformation and enhance efficiency and competitiveness, businesses need to focus on data strategy, system integration, talent development, and process optimization. Furthermore, a cautious approach to implementing emerging technologies is crucial. By addressing these key areas, companies can unlock the full potential of their supply chain investments.

02/04/2026 Logistics Industry Insights
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Global Air Freight Transit Times Key Factors for Faster Shipping

Global Air Freight Transit Times Key Factors for Faster Shipping

International air freight time efficiency is affected by various factors. Direct flights offer stable transit times, while connecting flights are more volatile. Route distance, customs clearance efficiency, and peak/off-peak seasons all play a role. Routes from China to Southeast Asia are the fastest, while those to Europe and America vary significantly. African/South American routes experience the most fluctuations. To optimize time efficiency, prioritize direct flights, plan ahead, optimize customs documentation, and choose a reliable freight forwarder. Understanding these factors helps businesses manage expectations and improve their supply chain efficiency.

02/04/2026 Logistics Encyclopedia
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Ecuador Rings in New Year with Vibrant Celebrations

Ecuador Rings in New Year with Vibrant Celebrations

Ecuador's year-end celebration is a significant moment to bid farewell to the old and welcome the new. Through ceremonies and festivities, people learn about Ecuadorian culture and enhance their anticipation for the New Year. The celebration includes opening speeches, flag-raising ceremonies, countdown events, fireworks displays, music, dance, and street parties. Participating in the celebration offers an opportunity to delve into the local culture, savor culinary delights, and experience traditions. Book flights and hotels in advance, respect local customs, prioritize safety, and plan a perfect celebration trip.

02/05/2026 Logistics Encyclopedia
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WCO Backs Ghana Customs Data Modernization Push

WCO Backs Ghana Customs Data Modernization Push

The World Customs Organization (WCO), through the WACAM project, provides strategic planning support to the Ghana Revenue Authority (GRA), focusing on data-driven modernization. The mission includes assessing the GRA's strategic plan compliance, addressing customs reform and modernization issues, and enhancing monitoring, evaluation, and project management capabilities. Emphasizing the crucial role of data in customs modernization, recommendations include establishing a data warehouse, developing data analysis tools, and formulating data-driven performance indicators. The project aims to transform GRA into a more efficient and effective organization through strategic planning and data utilization.

02/05/2026 Customs Knowledge
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WCO Unveils Strategy to Streamline Global Trade

WCO Unveils Strategy to Streamline Global Trade

The WCO's strategic plan aims to enhance global trade efficiency, focusing on technology, green customs, and governance. Businesses should understand and participate in WCO activities, applying its standards and tools. This includes leveraging WCO instruments for trade facilitation, such as the Revised Kyoto Convention and the SAFE Framework. By embracing WCO initiatives, companies can streamline their customs procedures, reduce costs, and improve their competitiveness in the global market. Active engagement with the WCO is crucial for staying informed about evolving customs practices and contributing to a more efficient and secure international trade environment.

06/11/2024 Customs Knowledge
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WCO Meeting Advances Digital Trade Transformation Globally

WCO Meeting Advances Digital Trade Transformation Globally

The 71st meeting of the World Customs Organization (WCO) Data Model Project Team focused on optimizing the data model to adapt to evolving global trade. The meeting reviewed data model change requests, assessed the electronic bill of lading project, and updated the work plan. The role of the data model in standardization, efficiency, insight, and innovation was emphasized, along with implementation challenges. Through collaboration and innovation, the WCO will continue to drive the digital transformation of global trade. The meeting highlighted the importance of adapting to new technologies and trade practices.

02/06/2026 Customs Knowledge
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