- On the afternoon of July 29th, Wanhai Shipping’s new direct route to South America was officially opened in Tianjin Port. Cold container goods such as frozen seafood, seasonal fruits and vegetables from South America will arrive in Tianjin within 25 days, saving about 1/3 of the time compared with before.
- Yonhap News Agency: In the first half of the year, the sales of high-priced imported cars above 100 million won in South Korea hit the highest level in the same period of previous years. There are nearly 3 high-priced cars in every 10 imported cars. Sales of cars imported over 100 million won in South Korea increased by 9.3% year-on-year to 37,239. The proportion of high-priced cars in the overall sales of imported cars increased by 2.5 percentage points year-on-year.
- South Korea: The cargo throughput of ports in the second quarter fell by 1.6% year-on-year. Cargo throughput at South Korean ports in the second quarter fell 1.6 percent from a year earlier to 373.16 million tons, according to the Ministry of Oceans and Fisheries, as global trade shrank and economic growth slowed. Among them, the throughput of import and export goods was 316.95 million tons, a year-on-year decrease of 0.5%.
- A few days ago, according to the FIS “2023 Global Payments Report”, from 2022 to 2026, global e-commerce will grow at a compound annual growth rate (CAGR) of 9%, and its transaction volume will increase from nearly 6 trillion US dollars in 2022. rising to over $8.5 trillion in 2026.
- Shanghai Superconducting Materials and Systems Engineering Research Center: The superconductor announced by the Korean research team recently has a high probability of not being room temperature superconducting. According to the current situation, the testing methods and methods reported by their team are not very orthodox superconducting material verification experiments. There is a big gap with some internationally recognized test methods for verifying superconducting properties.
- China Securities Journal: Affected by factors such as the intensive maintenance of the industry in July and August and the increase in demand for downstream photovoltaic glass, the price of soda ash(纯碱) rose slightly in July. Industry insiders predict that in August, the maintenance and reduction manufacturers will still be concentrated, and the supply will continue to be tight. It is expected that the price of soda ash may rise further. After September, the start-up load rate of the soda ash industry is expected to increase, and the supply pressure in the industry is relatively high in the fourth quarter.
- Beacon Professional Edition: As of July 30, the film “Three Thousand Miles of Chang’an” had a box office of over 1.495 billion, surpassing “Bear Infested: Stay with Me “Bear Core”” and became the box office champion of mainland animated films this year, and also became the animation film in Chinese film history Box office TOP4.
- China Economic Net: 70 landmark major projects in Xinjiang involving energy, industry, transportation, and water conservancy infrastructure started construction on July 30. The 70 landmark major projects, including the 2×660 MW ultra-supercritical coal-fired power project of CNPC Xinjiang Oilfield Company, which started construction this time, have a total investment of more than 180 billion yuan. Xinjiang will seize the golden season of project construction to ensure that the investment of more than 350 billion yuan will be completed in the third quarter.
- China Shipbuilding Association: China’s shipbuilding capacity utilization monitoring index in the second quarter was 798 points, approaching 800 points for the first time in 10 years, a new high in recent years. A year-on-year increase of 14% and a quarter-on-quarter increase of 3.4%. It is expected that in the third quarter, the international shipping market will continue to adjust, the key monitoring shipbuilding enterprises are still in full production, the capacity is fully utilized, and the CCI will continue to maintain a high level.
- Volkswagen will increase the capital of Xiaopeng Motors by US$700 million, at a price of US$15 per ADS (American Depositary Shares, each ADS represents two Class A ordinary shares), and will hold about 4.99% of the shares of Xiaopeng Motors after the transaction is completed . The U.S. stock market of Xiaopeng Motors soared at the opening, and the stock price rose by more than 40% during the session.
- Intel’s second-quarter net profit was $1.5 billion. On the 28th, according to Intel’s 2023 second-quarter performance report, the second-quarter revenue was US$12.9 billion, a year-on-year decrease of 15%, and an estimated US$12.02 billion; the gross profit margin in the second quarter was 35.8%, a year-on-year decrease of 0.7 percentage points; Net profit in the second quarter was US$1.5 billion, or US$0.35 per share, compared with a loss of US$500 million in the same period last year.
- Haidilao: The income from continuing operations in the first half of the year is expected to be no less than 18.8 billion yuan, an increase of no less than 23.7%, and the net profit is no less than 2.2 billion yuan. The increase in profit is mainly due to the increase in the turnover rate and the improvement of internal management and operations , The operating efficiency of the restaurant is improved.
- A few days ago, Zhang Kuo, President of Ali International Station, said that in the first half of this year, the volume of shipping containers through the online service of Ali International Station increased by nearly 200% year-on-year, and the growth rate more than doubled from last year. In May of this year alone, the online foreign trade turnover of Ali International Station increased by nearly 30% year-on-year.
- Novo Nordisk: The weight-loss drug Wegovy has been launched in Germany, and the first batch of German patients have redeemed their prescriptions. The drug is already on the market in the United States, but in Europe it has so far only been sold in two smaller markets, Norway and Denmark.
- DSV’s revenue in the first half of the year was 78.68 billion Danish kroner, down 36.5% year-on-year; gross profit fell 15.7% year-on-year to 22.72 billion Danish kroner; profit before interest and taxes (EBIT) fell 32.8% year-on-year to 9.38 billion Danish kroner; current profit was 6.66 billion Danish kroner , a year-on-year decrease of 29.5%.
- Microorganisms preserved three-dimensionally 1.5 billion years ago came.
- United States: Recently, according to data released by the U.S. Treasury Department, the holdings of the top three foreign creditors of U.S. debt all declined in May. Japan reduced its holdings by US$30.4 billion in May, the first reduction in three months. China reduced its holdings by US$22.2 billion to US$846.7 billion in May, reducing its positions for the second consecutive month. Britain reduced its holdings by US$14.1 billion to US$666.6 billion.
- United States: According to data released by the Ministry of Commerce, the PCE price index in the United States increased by 2.6% in the second quarter, a significant slowdown from the previous value of 4.1%, and the PCE core price index excluding food and energy increased by 3.8%, lower than the previous value of 4.9% %, also slowed significantly, slightly below economists’ expectations.
- France: On the 28th, according to preliminary data from the French National Bureau of Statistics, France’s GDP in the second quarter grew by 0.5% from the previous quarter, exceeding the 0.2% average economist forecast. Compared with the same period last year, it increased by 4.2%. Trade contributed 0.4 percent to second-quarter GDP growth, and capital investment 0.5 percent.
- India: Recently, India is facing a “tomato crisis”. Fresh tomatoes are too expensive, and many Indian consumers have to buy relatively cheap tomato paste as a substitute. Industry insiders said that since May this year, Andhra Pradesh and other major tomato producing areas in India have encountered extreme weather such as continuous high temperatures above 40°C and rare heavy rainfall, and large areas of crops have been affected.
- Japan: Recently, the Japanese government lowered its economic growth forecast for this fiscal year, which is expected to grow by 1.3%, compared with 1.5% in January. Headline consumer inflation is expected to hit 2.6 percent in the current fiscal year, up from 1.7 percent in January and above the BOJ’s 2 percent target. The Japanese government expects the economy to grow by 1.2% in fiscal 2024.
- Russia has decided to continue to temporarily ban the export of domestic rice and broken rice until December 31 to ensure the stability of the domestic market.
- Pakistan: A $3 billion loan was approved by the International Monetary Fund.