Trade

  • India intends to reduce its dependence on imports of 102 key products. The Indian Ministry of Commerce and Industry recently formulated a special list, which included a total of 102 types of products including coking coal and digital cameras that have a large number of imported products and the numbers are still growing. The Ministry of Commerce and Industry of India will discuss with various departments how to increase local production capacity to reduce import expenditures.

Industry (China)

  • Guotai Junan: The third lithium price increase has been brewed and started, and the price of lithium carbonate will take the lead.
  • Economic Daily: In recent years, the number of screens in China has grown rapidly. By the end of September, it has exceeded 80,000, ranking first in the world. By 2025, the total number of screens will exceed 100,000.
  • “Double Peaks” La Niña has a high probability of affecting the world, or will catalyze the price increase of related agricultural products (soybeans, etc.).
    Rubber prices are expected to re-enter a warmer operation trend, and the strong performance of natural rubber is still expected in the future. In addition, the price of synthetic rubber, which is a substitute for natural rubber, also hit a new high during the year. Last week, the price exceeded 16,000 yuan/ton, a 48% increase from the beginning of the year.

Company

  • Bilibili: 51 new animation works will be launched, and the “search for light” plan will be launched to tap and support more domestic animation creators.
    Tesla: Currently, it is suffering from widespread application server outages, causing car owners to be unable to connect to their cars via APP.

China

  • Development and Reform Commission: China’s coal production and market supply continue to increase, and the daily output of coal dispatch has stabilized at more than 12 million tons, setting a record high continuously;
  • Ministry of Industry and Information Technology: From January to October, China’s software business revenue was 7681.4 billion yuan, a year-on-year increase of 19.2%, and a compound growth rate of 15.4% in the past two years; the industry realized a total profit of 921.8 billion yuan, a year-on-year increase of 9.1%, a compound growth rate in the past two years Is 8.2%.
  • Economic Daily: According to estimates, the annual loss of China’s grain processing reaches 15 billion catties. Promoting the transformation of by-product utilization of grain processing from low-value to high-value, and increasing the added value of grain is an important way for grain processing enterprises to achieve a “win-win” of economic and social benefits.

World

  • According to the Russian Satellite News Agency, Russia and the United States have agreed to jointly detect Venus.
  • The American Federation of Agricultural Affairs recently surveyed the prices of major Thanksgiving ingredients such as turkey, cranberries, and meal packs. It showed that due to increased inflation and supply chain blockage, the average cost of a Thanksgiving dinner for 10 people this year will reach 53.31 US dollars, a year-on-year increase. 14%, the largest increase in 31 years.
  • United States: Port congestion causes shortages of goods (pet food, Christmas trees, toilet paper, baby products, etc.) Some large retailers have guaranteed supply through private shipping tools.
  • Ukraine: Plans to reduce Russian gas transit fees to help deal with the European energy crisis.
  • The Japanese authorities expect that the labor shortage will worsen after economic activity gradually resumes. In order to fill the gap in the labor force, the authorities plan to loosen the regulations on guest workers next year and issue indefinite residence visas to foreign workers, as well as to their families.
  • However, any policy change will not mean that foreign workers can automatically obtain permanent residency, which is another application procedure.
  • South Korea raised its 2030 emission reduction target to 40%. South Korea’s 2050 Carbon Neutrality Commission and relevant departments recently stated that the government has decided to substantially increase the 2030 Nationally Determined Contribution (NDC) target, and strive to reduce greenhouse gas emissions by 40% by 2030 compared to 2018. The previous target was 26.3%.