The international mineral market experiences significant price fluctuations, with nickel and silver prices surging sharply, while crude oil and various metals also see price increases. Growing demand and supply chain tensions are the main drivers.
Under U.S. pressure, Germany bans the sale of marine gas turbines to China, while Russia strengthens economic cooperation with China, particularly in energy and automotive manufacturing sectors.
The barley output of Kazakhstan in the 2023/24 year is expected to reach 3.25 million tons. With strong demand from China, Kazakhstans barley has an obvious price advantage, and its export volume has increased significantly.
Chinas cotton imports from Brazil surged 950% YoY in March 2024, driven by multiple factors including price competitiveness and recovering global demand.
The United States Trade Representative announced an increase in tariffs on key Chinese goods, including electric vehicles, batteries, solar cells, etc. China expressed dissatisfaction with this and promised to defend its rights and interests.
In the first four months of 2024, the freight volume of the railway from China to Europe increased by 11% year - on - year. Chinese enterprises such as BYD are expanding in Europe, demonstrating the global competitiveness of Chinese brands.
China Promotes Trade Growth by Introducing AI Equipment and Technology. The Import Value of Automatic Data Processing Equipment Increased by 50% Year - on - Year in the First Four Months of 2024, Demonstrating Chinas Ambition in the Global AI Competition.
The Biden administration plans to raise tariffs on Chinese electric vehicle imports to 100%, with solar products also facing increased tariffs, sparking controversy among industry associations and experts.
In April 2024, Chinas exports to Russia fell by 13.5% to $8.32 billion while imports grew by 19%. US sanctions affected trade settlements as economic interdependence and cooperation between the two countries deepened.
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PSB Record: Shanghai No.31011502009912
