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Near the end of July, China’s Ministry of Industry and Informational Technology announced that their domestic smartphone shipments from January to June this year totaled 136 million, a 21.7% decrease YoY...
While global energy and raw material prices have started to fall, inflation remains high. The CPI data for June published by the United States Department of Labor rose to 9.1%, its highest rate in 40 years, with the PPI climbing to 11.3%......
Recently, the inflation indicator that everyone’s been focused on, the US’s CPI (Consumer Price Index) for June, was announced by the US Department of Labor on July 13th and showed a YoY rise of 9.1% and stirring up discussion in the market. Then the PPI (Producer Price Index) was immediately announced and showed a YoY jump of 11.3%, effectively revealing that governmental currency and economic policies failed to curb inflation...
According to the announcement of ISM (Institute for Supply Management) on July 1, US PMI (Purchasing Managers’ Index), which has been falling since the peak of 61.1 in September 2021, declined to 53.0 in June 2022, indicating a continued slowdown in US economy...
Affected by the stalemate in the conflict between Russia and Ukraine, the slow recovery of manufacturing activities in China due to Covid-19 control measures, and the sharp increase in global inflation, the CPI in China and the US, the world’s two biggest economies, skyrocketed in May, forcing central banks worldwide to raise interest rates...
After two rounds of rate increases by the Fed, the ministry of labor declared on June 10th that the CPI (Consumer Price Index) rose by 8.6% in May, not only setting a 40-year record, but recording a 0.3% difference over April’s CPI—evidence of exacerbating inflation...
On May 30, Shanghai authorities announced that areas that were not under lockdown or control would be reopened in an orderly manner from June 1, including resumption of public transport and allowing private vehicles back on roads...
As the outbreak in China’s Shanghai and Kunshan eases, local businesses have successively resumed operations after the Labor Day holiday starting May 1. Large ODMs have aggressively rearranged their production lines to speed up shipments of finished goods and material supply...
China’s Shanghai and Kunshan managed to contain the pandemic since mid-May, and has been gradually releasing specific areas from controls or relaxing those controls, leading to recoveries in production for businesses and resumption of daily activities for common folk...
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