Abstract:In November, the volume of Chinese exports increased for the first time in six months, and this is due to the active actions of Chinese factories, which began to attract buyers with discounts to cope with the ongoing decline in demand.
In November, the volume of Chinese exports increased for the first time in six months, and this is due to the active actions of Chinese factories, which began to attract buyers with discounts to cope with the ongoing decline in demand.
China's manufacturing sector needs further support from the authorities to subsidize economic growth.
In November, exports increased by 0.5% compared to the previous year, which was a positive signal after a 6.4% drop in October. At the same time, imports fell by 0.6% after rising by 3.0% in the previous month.
The overall picture of export improvement is in line with market expectations, and there is also an increase in regional export indicators. For example, South Korean exports increased in November for the second month in a row, driven by semiconductor exports.
Trade with China's largest partner countries is also showing positive trends, and exports to the United States, Japan, South Korea and Taiwan have been on the rise.
However, it is worth noting that the official business activity index (PMI) of China last week indicated that new export orders have been declining for the ninth month in a row. The private sector survey also revealed the struggle of factory owners to attract foreign buyers for five months.
eToro strengthens its Australian market presence with the $80M AUD acquisition of Spaceship, expanding its long-term savings and superannuation offerings.
In the midst of the 2021 crypto and NFT boom, celebrities flocked to the burgeoning market of digital assets, promoting Non-Fungible Tokens (NFTs) as the next big thing. Fast forward to 2024, the glitter has faded, and many celebrity-endorsed NFTs have lost their allure. The question remains: what happened to celebrities’ NFTs, and why should this serve as a stark reminder for everyday investors?
Updated forex analysis shows USD weakness, focusing on key levels like EUR/USD, DXY bearish trend, and pivot points for major currency pairs.
TradingView and MetaTrader based on ease of use, customization, broker integration, and automation to find the best platform for your trading style.