Industry Trends
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The US President Signs a New Bill to Impose New Sanctions on Iran - China Energy Cooperation
August 17, 2024 10:21
Analysis of IEA Report: Europes Increased Dependence on Russian Natural Gas
: According to the IEA report, during the winter of 2023 - 2024, Europes natural gas imports from Russia increased by 25% year - on - year, and LNG imports also rose. Despite geopolitical tensions, Russian natural gas exports are expected to continue to grow in 2024.
IMF Predicts South Koreas Economy to Grow by 2.3% in 2024, Semiconductor Exports as Key Factor
IMF Asia-Pacific Department Director Krishna Srinivasan analyzed South Koreas economic outlook at a press briefing, predicting growth this year primarily due to strong global demand for high-end semiconductors. He also noted inflation and price volatility as challenges facing the South Korean economy.
The US 301 Investigation of Chinas Shipbuilding Industry Triggers the Defense of the China Council for the Promotion of International Trade
The Office of the United States Trade Representative launched a 301 investigation into Chinas maritime, logistics, and shipbuilding industries. The China Council for the Promotion of International Trade responded that it will defend through legal channels. The Sino - US trade friction has intensified, affecting the global trade environment.
Shanghais exports to Russia decline as Central Asian trade relations diversify
In March 2024, Shanghais exports to Russia plummeted by 21.7% year-on-year due to international sanctions, while imports from Russia grew by 9.79%. Meanwhile, trade performance with Central Asian countries varied, influenced by geopolitics and market demand.
Bidens new tough strategy towards China triggers Sino - US trade disputes!
Recently, the Biden administration has issued multiple negative signals, including raising tariffs on Chinese steel and aluminum products and strengthening economic sanctions against China. These measures could lead to serious political and economic consequences, further escalating trade tensions between the two nations.
The 10th Anniversary of the China - Switzerland FTA: Promoting Trade Growth and Cooperation Opportunities
The China - Switzerland Free Trade Agreement - 2023 Academic Evaluation Report shows that since the agreement came into effect, trade and investment between the two countries have increased significantly, especially in the fields of pharmaceuticals, medical devices and IT products. It also points out the changes in the utilization rate of the FTA and future cooperation opportunities.
New US - UK Sanctions on Russian Metal Trade
Since April 13, 2024, the US and the UK have implemented new sanctions, banning the import of aluminum, copper, and nickel produced in Russia and restricting the use of these metals on metal exchanges. This move aims to weaken Russias revenue and may lead to supply shortages and price fluctuations in the global metal market, prompting companies to re - evaluate their supply chains.
The Profound Impact of the EU Wine Industry on the Economy and Society
The latest report from PwC points out that the EU wine industry holds a leading position in the global market. In 2022, its production volume reached 165 million hectoliters, with a market value exceeding 100.3 billion euros, making a significant contribution to GDP. The industry also makes a prominent contribution to employment, benefits the tourism industry, and helps reduce the trade deficit.
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