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The yuan’s exchange rate against the dollar rose above 7
Last week, the market speculated that the yuan was approaching 7 yuan to the dollar after the second sharp decline of the year that began on August 15. On September 15, the offshore yuan fell below 7 yuan to the US dollar, sparking heated market discussion. As of 10 o ‘clock on September 16...Read more -
End of an era: The Queen of England passed away
The end of another era. Queen Elizabeth II died at the age of 96 at Balmoral Castle in Scotland on September 8, local time. Elizabeth II was born in 1926 and officially became Queen of the United Kingdom in 1952. Elizabeth II has been on the throne for more than 70 years, the longest reigning mon...Read more -
The U.S. is weighing its stance on tariffs against China
In a recent interview with foreign media, US Commerce Secretary Raymond Mondo said that US President Joe Biden is taking a very cautious approach to the tariffs imposed by the US on China during the Trump administration and is weighing various options. Raimondo says it gets a little complicated. ...Read more -
White House signs Inflation Reduction Act of 2022
US President Joe Biden signed the $750bn Inflation Reduction Act of 2022 into law on Aug 16. The legislation includes measures to combat climate change and expand health care coverage. In the coming weeks, Biden will travel across the country to make the case for how the legislation will help Ame...Read more -
The Euro fell below parity against the Dollar
The DOLLAR index, which surged above 107 last week, continued its surge this week, hitting its highest level since October 2002 overnight near 108.19. As of 17:30, July 12, Beijing time, the DOLLAR index was 108.3. Us June CPI will be released on Wednesday, local time. Currently, the expected dat...Read more -
Shooting at Abe speech
Former Japanese Prime Minister Shinzo Abe has been rushed to hospital after falling to the ground after being shot during a speech in Nara, Japan, On July 8, local time. The suspect has been arrested by police. The Nikkei 225 index fell quickly after the shooting, giving up most of the day’...Read more -
The adjustment and influence of European and American monetary policy
1. The Fed raised interest rates by around 300 basis points this year. The Fed is expected to raise interest rates by around 300 basis points this year to give the US enough monetary policy room before a recession hits. If inflation pressure continues within the year, it is expected that the Fede...Read more -
China’s foreign trade order outflow scale controllable influence is limited
Since the beginning of this year, with the gradual recovery of production in neighboring countries, part of the foreign trade orders that returned to China last year have flowed out again. Overall, the outflow of these orders is controllable and the impact is limited.” The State Council Inf...Read more -
The reducing sea freight
International shipping prices have skyrocketed since the second half of 2020. On routes from China to the western US, for example, the cost of shipping a standard 40-foot container peaked at $20,000 – $30,000, up from around $2,000 before the outbreak. Moreover, the impact of the epidemic h...Read more -
Shanghai eventually lifted the lockdown
Shanghai has been closed for two months finally announced! The normal production and life order of the whole city will be fully restored from June! Shanghai’s economy, which has been under great pressure from the epidemic, also received a major measure of support in the last week of May. Sh...Read more -
We Resume the production, Jinjiang re-press the fast forward key
City restart, jinjiang good as promised. As the epidemic gradually dissipated, press the pause button jinjiang, after a month of unremitting efforts, the ancient city of thousands of years of new vitality. Live up to spring, live up to dreams. Jinjiang governments at all levels and leading cadres...Read more -
The situation in Shanghai is grim, and lifting the lockdown is not in sight
What are the characteristics of the epidemic in Shanghai and the difficulties in epidemic prevention? Experts: The characteristics of the epidemic in Shanghai are as follows: First, the main strain of the current outbreak, Omicron BA.2, is spreading very quickly, faster than Delta and past varian...Read more