Alfine Trading News June.04, 2024
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1. Benefiting from the recovery of tourism and outdoor economy, luggage exports have also increased. According to Xiamen Customs statistics, Fujian Province's cumulative exports of luggage and similar containers from January to April were 8.85 billion yuan, a year-on-year increase of 24.7%.
2. Turkey is about to reach peak inflation of nearly 75%, and long-term annual price increases are a legacy of ultra-loose monetary policy, fiscal generosity and long-term lira instability.
3. Shein is preparing to submit a prospectus to the UK Financial Conduct Authority as the fast fashion company steps up preparations for a London listing after its attempt to list in New York faced regulatory hurdles and opposition from US lawmakers.
4. South Sudan seeks a US$250 million loan from the IMF to boost the country's sluggish economy. Oil exports have plummeted due to the conflict in Sudan.
5. Global air cargo demand remained strong in April, with total demand measured in cargo tonne kilometers (CTK) increasing by 11.1% compared to April 2023 levels, and air cargo demand in the Asia-Pacific region increased by 14.0% year-on-year in April.
6. Relevant U.S. departments are tightening their review of the "small exemption" import policy. Currently, many customs clearance companies have been forced to suspend T86 customs clearance business.
7. The Ministry of Commerce and other three departments: Implement export controls on related equipment, technology and software in aviation, aerospace, shipbuilding and other fields, effective from July 1.
8. The European Union announced that it will impose additional tariffs on Russian grains from July and will effectively stop imports.
9. Overseas orders for domestic LED displays have increased significantly, and emerging markets such as Southeast Asia, the Middle East, and Africa have emerged.
10. The closing exchange rate of RMB against the U.S. dollar was: 1 U.S. dollar = 7.2607 RMB.
