Indias imports from China explode: trade dependency and economic ties deepen!
May 7, 2024
According to the latest report of the Global Trade Research Initiative (GTRI), in the fiscal year 2023-2024, Indias imports from China broke the $101 billion mark, with a significant increase of about $70 billion compared to the 2018-2019 fiscal year. Over the past 15 years, the share of Chinese products in Indias industrial imports has grown from 21% to 30%, which not only marks the economic relationship between the two countries.
The strengthening of the dollar: unexpected winners for Asian chipmakers and European industrial stocks!
May 6, 2024
With the strong performance of the US dollar exchange rate, multiple sectors of the global financial market are undergoing profound changes. In particular, foreign export companies that heavily rely on the US market are benefiting from the strengthening of the US dollar, especially chip manufacturers in Asia and industrial and pharmaceutical companies in Europe. According to Goldman Sachs, the stock performance of companies exporting to the US has already...
The rise of Russian wheat: restructuring of the global food market supply chain!
May 6, 2024
As countries in the south of the world gradually tend to import wheat from Russia rather than Europe, the international food market is undergoing a significant supply chain and geopolitical restructuring.The latest data from the U.S. Department of Agriculture (USDA) predicts that Russian grain exports in the agricultural year 2023-2024 will reach 52 million tons, a record high, highlighting Russian wheat in the global market.
China's clothing exports grew against the trend in the first quarter, with emerging markets becoming a new engine!
30 April 2024
According to the latest data released by the China Chamber of Commerce for Import and Export of Textiles, Chinas garment exports maintained a stable growth trend in the first quarter of 2024, with a cumulative export value of 33.82 billion US dollars, a year-on-year increase of 1.1%. This growth demonstrates the resilience of Chinas garment industry amidst the uncertainties and challenges in the global trade environment. Specifically, although exports in March...
Germanys softened investment review in China, economic recovery and foreign investment attract new focus!
April 29, 2024
The German government is currently considering softening its strict review plan for Chinese investment, a move that reflects Berlins delicate balance between attracting foreign investment and stimulating economic recovery. According to a Wall Street Journal report on April 28, while the European Commission is seeking to take a tougher stance against China, Germany seems inclined to adopt a more moderate policy towards China. Since 2021...
US Economic Growth Slows Significantly in First Quarter 2024
April 28, 2024
Economic data for the first quarter of 2024, recently released by the U.S. Department of Commerce, showed that U.S. real gross domestic product (GDP) growth rate was 1.6 percent, far below market expectations of 2.5 percent and 3.4 percent in the previous quarter, marking a significant slowdown in U.S. economic growth. This growth rate is the lowest since the second quarter of 2022, triggering widespread attention from the market to U.S. economic outlook.
地中海港口超負(fù)荷運(yùn)轉(zhuǎn)引發(fā)供應(yīng)鏈擔(dān)憂
26 April 2024
Recently, a major container port in the western Mediterranean has raised concerns about the rising inventory costs and shortages that European retailers and manufacturers may face due to the surge in transport volumes, adding that the actions of Houthi armed forces threatening the Red Sea Shipyard have led to a large number of cargo ships changing routes, circumnavigating a good-looking corner rather than crossing the Suez Canal, thereby increasing the area of Tangier in Morocco.
South Korea's exports have increased significantly, and demand for technology products is strong
25 April 2024
Recently, the South Korean economy has shown positive signs of recovery, especially in its foreign exports. According to the latest data released by the South Korean Customs Department, in the first 20 days of April 2024, South Korea’s exports reached $35.8 billion, up from 11.1 percent. In addition, imports grew by 6.1 percent, to $38.5 billion. Despite the challenges faced by a trade deficit, South Korea’s exports are still growing.
US and UK sanctions trigger sharp fluctuations in LME aluminum and copper prices
25 April 2024
Recently, a new round of trade sanctions imposed by the United States and the United Kingdom on Russian products has led to dramatic fluctuations in prices on the London Metal Exchange (LME), particularly in the key metals sectors of aluminum and copper. On April 15, 2024, the opening price of three-month aluminum futures recorded by the LME was 9% higher than the previous weekend (April 12), reaching $2,728 per ton, the highest level since 202...
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