- The Indian government plans to limit sugar exports to 10 million tonnes in the marketing year ending in September.
- Myanmar’s foreign trade volume increased by US$218 million year-on-year. According to the data, the export value of 4 Vietnam and Myanmar reached 1.080506 billion US dollars and the import value reached 1.160886 billion US dollars.
- Brazil has announced tariff reductions and exemptions for a variety of goods. On the 24th, the Brazilian Ministry of Economy announced a reduction in import tariffs on beans, meat, pasta, biscuits, rice and building materials by 10%, valid until December 31, 2023. The director of Brazil’s foreign trade agency said that this round of tax cuts is expected to reduce prices by an average of 0.5 to 1 percentage point.
- Global seaborne foreign trade goods increased by 2.4% year-on-year. According to the latest report of the Chilean Chamber of Maritime Affairs and Ports (Camport), in the first quarter of 2022, maritime trade increased by $9.032 billion, foreign trade tonnage increased by 2.4% year-on-year, up 27.7% in U.S. dollar terms,the total tonnage in transit increased by about 700,000 tons.
- International Semiconductor Industry Association: Benefiting from advanced technology investment and strong memory equipment spending, semiconductor equipment will further expand to US$114 billion this year, an annual increase of about 10%-12%. will continue to hit record highs.
- Canalys: In the first quarter, North American smartphone shipments increased by 3.7% year-on-year to 39 million units. Thanks to the strong demand for the iPhone 13, Apple’s smartphone shipments increased by 19%, and its market share reached 51%. With its latest S-series and A-series phones, Samsung is meeting the needs of mid-end & high-end consumers.
- The CEO of Volkswagen has expressed confidence that it can surpass Tesla to become the world’s largest electric car maker by 2025. According to EV-Volumes data, the cumulative global sales of new energy vehicles in 2021 will be nearly 6.5 million, an increase of 108% over 2020. Among them, Tesla sold more than 936,000 vehicles, ranking first for four consecutive years. BYD and SAIC-GM-Wuling ranked second and third, with sales of 593,878 and 456,123 respectively.
- Omdia: In the first quarter, global TV sales were 49.07 million units, down 4.3% year-on-year. Among them, Samsung Electronics has a global market share of 32.9%, an increase of 5.2 percentage points from the previous month, ranking first, while LG and TCL have the second and third market shares respectively.
- Albemarle(美国雅宝), the world’s largest lithium producer, raised its forecast for the second time this month due to tight supply of lithium ore and continued growth in demand for power batteries, underscoring the continued boom in the lithium ore market. Full-year sales are expected to reach $5.8 billion to $6.2 billion this year, and average actual selling prices are expected to increase by about 140% year over year.
- Ministry of Social Affairs: As of the end of the first quarter, the number of enterprises establishing annuities reached 122,200, a year-on-year increase of 12.09%; the number of participating employees was 29.2541 million, a year-on-year increase of 5.27%. The weighted average rate of return in the first quarter was -2.75%, of which the weighted average rate of return of the fixed income portfolio was 0.24% in the first quarter.
- World Steel Association: In April, China’s crude steel production was 92.8 million tons, down 5.2% year-on-year; India’s production was 10.1 million tons, up 6.2% year-on-year; Japan’s production was 7.5 million tons, down 4.4% year-on-year; U.S. production It was 6.9 million tons, down 3.9% year-on-year.
- The “National Rural Industry Development Plan 2020-2025” predicts that in the future, the annual number of tourists in China’s short-distance tourism will exceed 4 billion, and the operating income will exceed 1.2 trillion yuan. The demand at both ends of the supply and demand side of the homestay industry will continue to be strong in the future.
- Amazon turns third-party brick-and-mortar stores into small fulfillment centers.
- Coupang (South Korean e-commerce platform): In the first quarter, revenue rose 22% to $5.12 billion, and the number of active users rose 13%. Operating losses narrowed to $205.7 million, compared with $267.3 million a year earlier.
- Kuaishou: In the first quarter, the revenue was 21.07 billion yuan, a year-on-year increase of 23.8%; the adjusted net loss was 3.72 billion yuan, and the adjusted net loss in the same period last year was 5.651 billion yuan. The total amount of e-commerce transactions reached 175.1 billion yuan, a year-on-year increase of 47.7%. DAU reached 346 million, a year-on-year increase of 17%; MAU reached 598 million, a year-on-year increase of 15%. The average daily usage time of each daily active user was 128.1 minutes, a year-on-year increase of 29.0%.
- NetEase: In the first quarter, revenue was 23.6 billion yuan, a year-on-year increase of about 15%; net profit was 4.394 billion yuan, compared with 4.439 billion yuan in the same period last year. Among them, the net income of online game services was 17.3 billion yuan, a year-on-year increase of 15.3%; the net income of NetEase Youdao was 1.2 billion yuan, a year-on-year decrease of 10.4%. In addition, NetEase Cloud Music’s net income in the first quarter was 2.1 billion yuan, a year-on-year increase of 38.6%; the number of monthly paying users of online music services reached 36.74 million, a year-on-year increase of over 51%.
- Luckin Coffee: In the first quarter, the total net income was 2.4046 billion yuan, a year-on-year increase of 89.5%; the operating profit was 16.1 million yuan, and the loss in the same period last year was 364 million yuan. As of the end of the first quarter, there were a total of 6,580 stores, including 4,675 self-operated stores and 1,905 affiliated stores; the average monthly number of transaction customers in the first quarter was 16 million, a year-on-year increase of 83.0%.
- JD.com Group: By the end of 2021, the number of employees in listed and non-listed companies in the JD.com system exceeds 420,000, and the proportion of front-line employees in rural areas will reach 80%.
- Airbnb: Announced that it will suspend support for domestic travel listings, experiences and related bookings in China from July 30, while continuing to develop outbound travel business in China. Of its 6 million global listings, there are about 150,000 listings in China, and lodging revenue in China only accounts for 1% of the company’s revenue.
- Airbnb: The financial report for the first quarter of 2022 shows that with the gradual recovery of the global tourism industry, the financial performance has reached a new high, and for the first time exceeded the 100 million bookings mark in a single quarter, reaching 102 million times, a year-on-year increase of 59%; total bookings reached US$17.2 billion, a year-on-year increase of 67%. The number of nights booked and experiences in the Asia-Pacific region is still sluggish compared to before the epidemic, because major cross-border tourism countries such as China and Japan still tend to be closed in terms of epidemic control policies. The better-than-expected revenue was primarily driven by continued growth in North America, EMEA and Latin America.
- JPMorgan Chase: Announced that China’s full-year economic growth forecast was lowered to 3.7% from 4.3%, and said that due to China’s new crown control, the economy may shrink further this quarter. But on the positive side, perhaps the darkest period for China’s economy is over as the number of confirmed cases of the new crown in China declines.
- CPS (COSCO): Announced an investment of US$3 billion to build a new port. and will open in 2023. According to the plan, the new port can accommodate the world’s largest container ship, with an annual throughput of 1 million TEUs.
- Apple: Looking to expand production outside of China. Currently, more than 90% of Apple products, including the iPhone, are produced in China by contract manufacturers.
- Richemont Group (Swiss luxury group) announced results: In the 2022 fiscal year ended March 31, the group’s sales increased by 44% to 19.18 billion euros; operating profit more than doubled to 3.39 billion euros; net profit increased 61% to 2.08 billion euros.
- The number of U.S. births in 2021 increased for the first time in seven years. U.S. women will have about 3.66 million babies in 2021, up 1 percent from a year earlier and the first increase since 2014. Among women 25 and older, fertility rates rose in every age group.
- International Monetary Fund: The global economy may be facing its biggest test since World War II amid the ongoing threat of the COVID-19 pandemic, the Russian-Ukrainian conflict, heightened financial market volatility and climate change.
- Food and Agriculture Organization of the United Nations: According to preliminary estimates, Ukraine will lose 49% of its winter wheat harvest and 38% of its rye harvest due to the conflict.
- Brazil: Inflation eased in May from the previous month, but remained at its highest level since May 2016. The cumulative inflation rate over the 12 months was 12.2%, the highest annual inflation rate since November 2003. Except for the 3.85% drop in housing prices, all other products and services showed price increases. Among them, the increase in transportation costs due to rising oil prices, and the increase in food and beverage prices are still the main drivers of high inflation.
- Eurozone: A decision to raise interest rates will be made in July.
- Iran: Free trade zones and special economic zones attract 17% of foreign investment. In the year 1400 of the Iranian calendar, the Iranian Free Trade Zone attracted 148 million US dollars of foreign investment, and the Special Economic Zone attracted 15 million US dollars of foreign investment, totaling 163 million US dollars, accounting for 17% of the total foreign investment.
- Tanzania: Will liberalize investment in 5G field.
- Japan: The real effective exchange rate of the yen hit a 51-year low. According to data released on the 23rd, the real effective exchange rate of the yen fell to 60.9.
- Africa has announced that it will create an energy bank. Recently, the African Export-Import Bank and the Organization of African Petroleum Producers jointly announced that they have jointly established an energy bank to provide the necessary financing for existing and new oil and gas projects and oil and gas industry chains in Africa, thereby promoting private capital investment.
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