Red Sea crisis hits Suez Canal hard, Egypts economy under pressure
22 February 2024
Tensions and ongoing conflicts in the Red Sea region, especially the increase in Houthi armed activity, have had far-reaching effects on the economic activity of the Suez Canal in Egypt.In February 2024, U.S. and British airstrikes on Houthi armed targets further aggravated regional instability, leading to large-scale shutdowns on international routes to the Red Sea and a cliff-down in Suez Canal revenue.
Chinas Spring Festival Trade Dynamics to Promote Global Supply Chain Stability
21 February 2024
During the Long Year Spring Festival, Chinas international trade activity was not slowed down by the festival, but instead showed unprecedented vitality and efficiency. Travelling through Central Europe, busy ocean freight ships, 24-hour cross-border e-commerce and overseas warehouses together make up a vivid picture of Chinas deep integration with the world. Especially in Shanghais Oaxaca Harbour, the uninterrupted operation during the Spring Festival,...
Vietnams Ministry of Industry and Trade promotes export growth, strengthens global trade cooperation
February 20, 2024
The Ministry of Industry and Trade of Vietnam is taking a series of forward-looking measures to boost the country’s trade and export growth and respond to the challenges of changing global markets. In a recent interview, Minister Nguyen Hong Ying stressed that 2024 will focus on strengthening trade relations with major markets and helping explore emerging and potential export markets. These measures aim to ensure that Vietnam is in an uncertain global economy.
In 2023, Russias exports of forest products to China will grow significantly, and pulp will become a star product.
February 20, 2024
In the context of changing global economic patterns and restructuring of global trade fluidity, trade exchanges between Russia and China showed new growth points in 2023, especially in terms of exports of forest products. According to the latest data of the Russian Federal Bureau of Forestry, Russias pulp exports to China in 2023 achieved significant growth, increasing to 25.4%, and the total amount reached 360%.
The rise of Chinese e-commerce platforms has boosted the popularity of Made in China products around the world
February 18, 2024
With the accelerated merger of digitalization and globalization, Chinas e-commerce platform and its accompanying logistics services are rewriting the global retail market pattern.In 2023, China will first outperform the United States to become South Koreas largest cross-border e-commerce import source, a milestone symbolizing the continued rise in Chinas e-commerce and logistics platforms global influence and competitiveness.
U.S.-Mexico trade surpasses China and the United States, and Chinas manufacturing industry faces the challenge of “de-risking”
February 18, 2024
In the current global economic pattern, China’s manufacturing industry is facing unprecedented shifts. A recent article published on the Singapore Asian News Station website explores whether the “risk de-risk” trend predicts the end of China’s manufactured goods. For a long time, China, as the United States’ largest trading partner, has now been replaced by Mexico.
India is optimistic that GDP growth will exceed 7% in the next few years%
February 6, 2024
Although the world is facing rising geopolitical risks and multiple economic headwinds, the Indian government has shown an extraordinary optimistic attitude. According to the latest official economic assessment report, the Indian government predicts that the GDP growth rate in the next fiscal year (2024 - 25) will exceed 7% and may maintain this high - growth trend in the next few years. This prediction is based on domestic demand...
Natural rubber prices soar as Chinas demand grows and Thailands harvest suffers
February 5, 2024
As Chinas demand for new energy vehicles continues to grow, natural rubber prices have recently witnessed a significant rise.This trend is driven by multiple factors, including the strong demand of the Chinese market, the revenue of the producing country Thailand, and the global markets concerns about future supply. Natural rubber, as a key raw material for car tyres, its price fluctuations have caused the global rubber product industry to grow.
The global semiconductor market is expected to recover in 2024: AI and electric vehicles drive growth
February 4, 2024
The global semiconductor market is expected to see a significant improvement in the second quarter of 2024, driven by the high demand for semiconductors from generative artificial intelligence (AI) data centers and pure electric vehicles (EVs), indicating an increase in the production of large - scale semiconductor enterprises. This change marks the improvement of the “silicon cycle” - the cycle of prosperity and downturn that the semiconductor industry experiences in a 3 - to - 4 - year cycle - and has an impact on the global economy...
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