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In July 2024, Chinas exports to Russia declined year-on-year but increased month-on-month, while imports grew year-on-year, demonstrating the resilience of China-Russia trade relations under international political and economic pressures.
The EU announced the 13th round of economic sanctions on the Russian aluminum industry, triggering global market fluctuations and exacerbating supply - chain tensions.
Despite the EUs efforts to reduce energy dependence on Russia, imports of Russian gas, particularly via the TurkStream pipeline and LNG, have surged significantly, with price advantages being a key factor.
In 2023, global economic growth was sluggish, and Chinas agricultural machinery product imports and exports faced pressure, with total volume expected to decline by 10%, although some product categories performed well.
In 2023, Chinas rapid development in the renewable energy sector was once again confirmed, with projected record growth in newly installed solar and wind energy capacity reaching 230GW, three times that of the rest of the world combined.
In recent years, the global shipping market has undergone significant changes, characterized by freight rate fluctuations, overcapacity, and adjustments in competitive dynamics. The latest data shows that the SCFI index continues to decline, with freight rates on the US West Coast route plummeting, and shipping companies facing intense competition. Meanwhile, seasonal order growth may drive a rebound in freight rates in the future, creating market uncertainty.
When it comes to the most promising emerging markets in the world, Brazil is undoubtedly one of the best. From January to August this year, the bilateral trade volume between China and Brazil exceeded 100 billion US dollars, giving us reason to believe that this Latin American country has huge market opportunities. But why Brazil? Next, the editor will explain it in detail for you.
The Biden administration plans to expand the Foreign Direct Product Rule, affecting Chinese semiconductor companies. However, exemptions were not granted to multiple countries, eliciting a positive market response. Chinese companies face both challenges and opportunities.
The Indonesian Artificial Fiber Producers Association (APSyFI) submitted an application to initiate an anti-dumping investigation on synthetic filament yarn originating from China.
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PSB Record: Shanghai No.31011502009912
