Qingdao Topson Supply Chain Briefing May 6, 2023

Qingdao Topson Supply Chain Briefing May 6, 2023

1 USD = 6.9105 RMB

1 Euro=7.6144 RMB

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1> The international gold price hit a record high.

2> A number of shipping companies will increase their surcharges starting from June 1st.

3>MSC launched a new service connecting major ports in China and India.

4> In Q1 2023, global smartphone shipments will be 269.1 million units, a year-on-year decrease of 14%

5> The Seventh Global Cross-Border E-Commerce Conference will be held in Zhengzhou on May 9.

6> Central Bank: Trading under the "Northbound Swap Link" will start on May 15.

7> Ministry of Commerce: By the end of last year, the stock of two-way investment between China and Europe had exceeded 230 billion US dollars.

8> India and Russia suspend negotiations on the use of Indian rupees for settlement.

9>WTO ruled that India imposed high tariffs on imported information technology products in violation of regulations.

10>The European Parliament voted for the Carbon Boundary Adjustment Mechanism (CBAM).

11> Sales of Romanian e-commerce platform eMAG barbecue grills, sunscreen and outdoor equipment soared.

12> The U.S. banking crisis continues, and nearly 190 banks face the risk of bankruptcy.

13> In March, the US trade deficit in goods and services fell to US$64.2 billion, a decrease of 9.1% from the previous month

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