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China is loosening restrictions
Nearly three years into the global pandemic, the virus is becoming less pathogenic. In response, China’s prevention and control measures have also been adjusted, with local prevention and control measures being scaled back. In recent days, many places in China have made intensive adjustment...Read more -
Just now! RMB exchange rate rises above “7″
On December 5, after the opening of 9:30, the onshore RMB exchange rate against the US dollar straight up, also rose through the “7″ yuan mark. The onshore yuan traded at 6.9902 against the US dollar as of 9:33 am, up 478 basis points from the previous close to a high of 6.9816. On Se...Read more -
China announces optimization of COVID-19 rules
On November 11, the Joint Prevention and Control mechanism of The State Council issued a Notice on Further Optimizing the prevention and control Measures of the Novel Coronavirus (COVID-19) epidemic, which proposed 20 measures (hereinafter referred to as the “20 measures”) for further...Read more -
China’s imports and exports continue to grow
Recently, despite the impact of the global economic slowdown, weakening demand in Europe and the United States and other factors, China’s import and export trade still maintained a strong resilience. Since the beginning of this year, China’s main coastal ports have added more than 100...Read more -
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
