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Dollar Rises To Euro’s Height
Russia’s war in Ukraine has led to a spike in energy prices that Europe can ill afford. For the first time in 20 years, the euro reached parity with the US dollar, losing about 12% from the start of the year. A one-to-one exchange rate between the two currencies was last seen in December 20...Read more -
Digital Payment Methods Are Brazil’s Newest Export
The country’s originals, Pix and Ebanx, could soon hit markets as diverse as Canada, Colombia and Nigeria—with many others on the horizon. After taking their domestic market by storm, digital payment offerings are on track to become one of Brazil’s leading technology exports. The country’s origi...Read more -
Anti-ESG Investing Comes With A Cost
The growing popularity of ESG investing has triggered a backlash in the other direction. There is growing vociferous resistance against companies with environmental, social and governance (ESG) investment strategies, under the presumption that such strategies harm local industries and deliver sub...Read more -
War and weather highlight the vulnerability of supplies critical to humanity’s future—especially food staples and the metals for renewable energy.
Human history sometimes shifts abruptly, sometimes subtly. The early 2020s look to be abrupt. Climate change has become an everyday reality, with unprecedented droughts, heat waves and floods that sweep the globe. Russia’s invasion of Ukraine broke nearly 80 years of respect for acknowledged bord...Read more -
The US bond market is usually quiet during the summer months but not this year
The summer months were unusually busy for the US bond market. August is generally quiet with investors away, but the past few weeks have been buzzing with deals. After a subdued first half—due to fears related to high inflation, rising interest rates and disappointing corporate earnings—big tech...Read more -
Economic operation of machine tool industry in Q1 2022
In the first quarter of 2022, the statistics of key contacting enterprises of China Machine Tool Industry Association show that the main indicators of the industry, such as operating revenue and total profits, have increased year-on-year, and exports have increased substantially. The ove...Read more -
World’s GDP Growth By Region 2022
World economic growth is slowing down and could result in a synchronized recession. Last October, the International Monetary Fund (IMF) predicted that the world economy would grow 4.9% in 2022. After almost two years marked by the pandemic, it was a welcome sign of a gradual return to normality. ...Read more -
The New Rules on General Average Adjustment of the China Council for the Promotion of International Trade
The newly revised General Average Adjustment Rules of the China Council for the Promotion of International Trade will come into effect on September 1, 2022, and the original Beijing Adjustment Rules will be abolished at the same time. Revision of rules, general average system reconstructio...Read more -
Service cooperation promotes development, promotes green innovation and welcomes the future
The 2022 China International Trade in Services Fair, co-hosted by the Ministry of Commerce and the Beijing Municipal Government, was held in Beijing from August 31 to September 5 under the theme “Service Cooperation for Development, Green Innovation and Welcome the Future”. Thi...Read more -
General Administration of Customs: In the first five months of this year, the value of China’s foreign trade rose 8.3 percent year-on-year
According to customs statistics, the value of China’s imports and exports in the first five months of this year was 16.04 trillion yuan, up 8.3 percent from the same period last year (the same below). Specifically, exports reached 8.94 trillion yuan, up 11.4%; Imports totaled 7.1 tr...Read more -
Economic operation of machine tool industry in 2021
In 2021, the first year of the 14th Five-Year Plan, China led the world in epidemic prevention and control and economic development. The economy maintained steady recovery and the quality of development was further improved. China’s GDP grew by 8.1% year on year and by 5.1% on average over ...Read more -
The 2022 Ningxia agricultural reclamation modern agricultural machinery and animal husbandry equipment field demonstration
In order to accelerate the development of modern agriculture, focus on promoting agriculture from increasing production to improving quality, highlighting green, high quality, efficient development, complete the national task of agricultural reclamation to take the lead in expanding soybean oil. ...Read more
