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Trade Dynamics

LOCATION:HOME - NEWS - Trade Dynamics

English Translation: Latest Global Trade Information

Issuing time:2024-03-29 Author: Back to list
English Translation: Latest Global Trade Information

1、The Bank of England stated on the 27th that mortgage holders and businesses in the UK have the capacity to withstand high interest rates,

     with levels of problematic debt far below those seen after the 2008 financial crisis. (Source: China News Network)。

2、On the 27th, the National Institute of Statistics and Censuses of Argentina released data from the Long-Term Household Survey for the second

    half of 2023. The survey indicated that in the latter half of last year, the poverty rate in Argentina stood at 41.7%, with extreme poverty at

    11.9%. The total number of people living in poverty nationwide reached 19.5 million, with 5.4 million in extreme poverty. (Source: CCTV News)

3、On the afternoon of the 28th, the Budget Committee of the House of Councillors of the Japanese National Diet passed the budget proposal for

    the fiscal year 2024. The total general account budget for Japan's fiscal year 2024 is 112.5717 trillion yen, exceeding 110 trillion yen for the

    second consecutive year, marking the second-largest scale in history. (Source: CCTV News)

4、According to a report from the British website "Daily Mail" on the 26th, the Federal Reserve incurred a record loss of $114.3 billion in 2023.

    Prior to the loss last year, it achieved a net income of $58.8 billion in 2022. (Source: Reference News)

5、According to Agence France-Presse, Hyundai Motor Group disclosed its plan on the 27th to invest over $50 billion in South Korea by 2026,

    with a significant portion earmarked for advancing the development and production of electric vehicles. (Source: Reference News)

6、According to Agence France-Presse, cocoa prices in New York surged past $10,000 on the 26th, reaching a historic high, further fueling

    concerns about price increases for Easter eggs and other chocolate products. (Source: Reference News)

7、According to a report from South Korea's "Asian Economy" on the 27th, the CEO of the Korea Enterprise Data Research Institute, SCORE,

    conducted a survey of the performance of the top 500 companies in terms of sales in South Korea for 2023. Among the 18 industries it covers,

   13 showed a decrease in operating profits. Among them, the operating profit of IT electronic companies in 2023 was 6.5203 trillion Korean won,

    a sharp decline of 89% compared to 2022. (Source: Global Times)

8、On the 27th, Amazon announced that it would make an additional investment of $2.75 billion (approximately 20 billion RMB) in the artificial

    intelligence (AI) startup Anthropic, to fulfill the investment agreement promised last year, and to expand the cooperation between the two

    companies. The company aims to gain an advantage in the AI competition. (Source: Daily Economic News)