I. Overseas Market News

In 2025, China approved 76 innovative drugs, ranking first globally; in the same year, the annual transaction volume of Business Development (BD) licensing deals for Chinese innovative drugs exceeded $130 billion.

Hengrui Medicine, a benchmark leader in the transition from "generics to innovation," saw its outbound licensing deals surpass $16 billion in 2025. United Imaging Healthcare, a high-end medical device manufacturer, has established localized R&D facilities covering North America and Europe.

Authorities including the Ministry of Industry and Information Technology (MIIT), the Ministry of Commerce (MOFCOM), and the National Medical Products Administration (NMPA), in collaboration with sectors such as foreign affairs, law, finance, logistics, taxation, trade, investment, and customs, are launching a "One-Network Integrated Service Platform." This initiative aims to streamline outbound compliance pathways. ( 36Kr Global)

II. Global Trade Regulations

1.New Opportunities in Africa: Kenya and China Reach Preliminary Trade Agreement.98.2% of Kenyan export products have qualified for duty-free access to the Chinese market. This comes despite previous demands from the U.S. that Kenya should not sign trade agreements with China. (Global Times)

2.Trump announced that the U.S. will impose a 10% tariff on goods imported from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland starting February 1st, which will increase to 25% starting June 1st, 2026. (Zhejiang Council for the Promotion of International Trade)

3.EU-Mercosur Free Trade Agreement.The EU and South America signed a Free Trade Agreement (pending approval from the European Parliament and the parliaments of Mercosur member states: Argentina, Brazil, Paraguay, and Uruguay). It is expected to take effect by the end of 2026. (Cailian Press)

III. Foreign Trade News

1.U.S. Export License for NVIDIA.The Trump administration has conditionally approved NVIDIA's license to export H200 AI chips to China, shifting the review principle for related semiconductor exports from "Presumption of Denial" to "Case-by-Case Review." (Jiangsu Council for the Promotion of International Trade)

2.Indonesia's Anti-Dumping Ruling on Hot-Rolled Steel.Indonesia made a preliminary anti-dumping ruling on hot-rolled steel coils from China's Wuhan Iron and Steel (Group) Corp. A provisional anti-dumping duty will be imposed at either 17.55% ad valorem or $95.02 per metric ton. ( China Trade Remedy Information Network)

3.EU Rapid Alert System for Non-Food Products (RAPEX).On January 20th, the EU RAPEX issued a notification regarding POP MART brand soft toys. The products were found to violate the Toy Safety Directive due to chemical risks, and Germany has requested a sales ban on the relevant products. (Trade Law Online)