April 15, 2024

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International trade in goods has maintained strong resilience

The World Trade Organization report predicts that global trade in goods will rebound in 2024. However, due to geopolitical tensions and economic policy instability, optimistic forecasts for international trade face downside risks. On April 10, the World Trade Organization released the Global Trade Overview and Data. The report predicts that global trade in goods will

April 13, 2024

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The Asian Development Bank, Goldman Sachs, and Morgan Stanley have raised their expectations for China’s economic growth

BEIJING, April 12 (Xinhua) — Recently, several foreign institutions have raised their expectations for China’s economic growth in 2024. The Asian Development Bank (ADB) released its “2024 Asian Development Outlook (April Edition)” report on April 11th, which raised China’s expected GDP growth rate for this year from 4.5% to 4.8%, due to the recovery of

March 11, 2024

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Fitch Ratings stated that the impact of shipping disruptions on freight rates and supply chains seems to have stabilized

According to Fitch Ratings on March 7th, global shipping companies can benefit from higher freight rates in the short term after the attack on Red Sea merchant ships. At present, it seems that the impact of shipping interruptions on freight rates and supply chains has stabilized.

October 11, 2023

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WTO lowers 2023 trade growth forecast

The World Trade Organization released its latest forecast on October 5, stating that the world economy has been hit by multiple impacts, and global trade has continued to slump starting in the fourth quarter of 2022. The World Trade Organization has lowered its forecast for global trade in goods growth in 2023 to 0.8%, less

September 12, 2023

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What kind of project is the “railway and shipping infrastructure project” between the United States and Europe, India, Saudi Arabia, and the United Arab Emirates?

At the G20 Summit held in New Delhi, the European Union, the United States, India, Saudi Arabia, and the United Arab Emirates announced an infrastructure construction project related to transportation. What kind of project is this? Germany’s “Daily News” reported that the above five parties have signed a memorandum of intent for cooperation on railway

August 24, 2023

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Non trade grew by 7.4% year-on-year in the first seven months of this year

Beijing, August 23 (Xinhua) (Reporter Li Xiaoyu) The latest data released by the General Administration of Customs of China on August 23 shows that the non trade scale in the first seven months of this year was 1.14 trillion yuan (RMB, the same below), a year-on-year increase of 7.4%, far exceeding the overall growth rate

August 17, 2023

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The Russian central bank raised its benchmark interest rate to 12%

On August 15th, the Russian Central Bank held a non routine meeting and decided to raise the benchmark interest rate from 8.5% by 350 basis points to 12% starting from that day. The Russian central bank pointed out that inflationary pressure in Russia is intensifying, aiming to control the risk of price fluctuations and maintain

August 1, 2023

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In the container shipping market, about 2.4 million TEUs will be delivered in the next three quarters

According to the latest information from One Shipping: Recently, leading research and forecasting consulting firm Maritime Strategies International (MSI) said that in the next three quarters, the supply side is expected to experience “explosive growth”, and by the end of the first quarter of next year, about 240 million Teu of newbuilding tonnage. MSI said

July 7, 2023

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COSCO Shipping and Yihai Jiali Sign a Strategic Cooperation Agreement

On July 4th, Yihai Jiali Golden Dragon Fish Grain and Oil Food Co., Ltd. signed a strategic cooperation agreement with China Ocean Shipping Group Co., Ltd. Yihai Jiali and COSCO Shipping both have important strength and influence in their respective fields, and their industrial chains are closely connected. Their cooperation in multiple fields has a

June 16, 2023

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Japan has had a trade deficit for 22 consecutive months

Tokyo, June 15th (Xinhua) – According to preliminary statistics released by the Japanese Ministry of Finance on the 15th, Japan’s trade deficit in May was approximately 1.37 trillion yen (approximately 135 yen per US dollar), a year-on-year decrease of 42%. This is Japan’s 22nd consecutive month of trade deficit. The report shows that the import