South Korea is facing weak domestic demand, but thanks to the recovery of exports, especially semiconductors, the risk of economic recession has been alleviated. High interest rates affect consumption, and equipment investment shrinks, while exports provide momentum for economic growth.
In 2023, Chinas maritime trade growth led the world, accounting for over 30% share. Meanwhile, Chinas automobile exports reached 4.91 million units, surpassing Japan to become the worlds largest auto exporter.
The U.S. urges the Netherlands, Japan, Germany, and South Korea to strengthen export controls on chip technology to China but faces resistance from the Netherlands and Japan. This strategy aims to limit Chinas semiconductor technology development and has drawn international attention.
It introduced how Central Asia became a new channel for dual - use goods to flow to Russia after the Russia - Ukraine conflict, revealing the challenges of international sanctions and the complexity of the global trade network.
India requires state - owned oil refiners to pay for oil imports in rupees to reduce dollar dependence, but faces challenges such as supplier rejection and exchange rate risks.
The Semiconductor Equipment and Materials International (SEMI) urges the European Union to carefully implement new export controls and foreign investment rules, emphasizing the importance of maintaining free trade for the global semiconductor industry.
Under the USs strengthened export control on China, AMD tried to launch the China - specific AI chip MI309 that complies with the restrictions, but it still has not been approved by the US government.
According to BNEFs prediction, the global newly installed photovoltaic capacity in 2024 will reach 655GWdc, with China accounting for more than half. At the same time, the price of polysilicon has dropped significantly, and the global photovoltaic industry is ushering in rapid development.
In response to the rapid development of Chinas cross-border e-commerce, the United States has proposed restrictions on small-value tax-free imports, while Japan has strengthened online product safety regulations to protect domestic businesses and consumer safety.
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PSB Record: Shanghai No.31011502009912
