Qingdao Topson Supply Chain Briefing May 4th, 2023

1 USD = 6.8969 RMB

1 Euro=7.6435 RMB

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1> Ministry of Commerce: On May 1, the national consumer market is booming.

2> Eastern Airlines Logistics opened the first international cargo flight at Daxing Airport.

3> China signed a contract to participate in the 2025 Osaka World Expo in Japan.

4> The second temporary flight to pick up Chinese citizens evacuated from Sudan arrived in Beijing.

5> National Bureau of Statistics: Manufacturing Purchasing Managers Index (PMI) in April was 49.2%

6> In April, the RMB fell 0.83% against the US dollar, and institutions said that the depreciation pressure was generally controllable.

7> Ministry of Culture and Tourism: In 2023, a total of 274 million domestic tourists will travel during the "May 1st" holiday, a year-on-year increase of 70.83%

8> The 2nd China (Qingdao) International Logistics Expo will be held in Qingdao International Convention and Exhibition Center on July 13-14, 2023.

9>Government warnings and school closures: The highest temperature in April in many places in Asia hit a record high.

10>Vietnam's exports have declined, and Vietnam's Minister of Industry and Trade Nguyen Hongyan: Developed countries have set up technical barriers.

11> Türkiye's consumer price index in April rose by 43.68% year-on-year

12>The European Commission has reached an agreement with Poland and other five EU countries to allow Ukraine to export food through the border.

13> The Baltic Dry Freight Index fell due to lower demand for ships.

14> The United States will cancel the new crown vaccination requirement for international air passengers on May 11.

15> The 14th largest bank in the United States, First Republic Bank, is determined to fail, which is the third large US bank to fail within two months.

16> On May 4, the Federal Reserve announced that it would raise the target range of the policy rate federal funds rate from 4.75% to 5.0% to 5.0% to 5.25%, with a rate increase of 25 basis points.