Industry

  • In 2021, there will be 58.06 million pet cats in China, a year-on-year increase of 59.5%, and the consumption scale of the cat market has reached 106 billion yuan, a year-on-year increase of 19.9%. According to statistics, the post-90s generation has the highest proportion of pet owners, and they generally have high education and high income. In 2021, 35% of pet owners will have a monthly income of more than 10,000 yuan.

World

  • Saudi Arabia said in recent days that it posted its first annual budget surplus in nearly a decade, beating earlier expectations on the back of rising oil prices this year. According to preliminary estimates, the country’s 2022 budget surplus is 102 billion Saudi riyals, equivalent to 2.6% of the country’s GDP.
  • Turkish politicians say they want to pay about a quarter less for gas imports from Russia. This year, Turkey’s energy expenditure may exceed 100 billion US dollars for the first time, accounting for almost 1/8 of the country’s GDP, half of which is used to import natural gas, and nearly half of Turkey’s natural gas imports come from Russia.