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The El Ni?o phenomenon could further reduce precipitation over the next two years, threatening the global supply of important commodities. Thailand’s rice and sugar output may decline, and Indonesian palm oil output and Vietnam’s coffee output may also be affected.

The rise of South Korea’s trade deficit has had a significant impact on its economic development. The South Korean government and relevant agencies should actively address this challenge, including developing emergency plans, improving the economy’s resilience to risks, and looking for alternative sources of supply. At the same time, the study of the global economic situation should also be strengthened in order to better predict and respond to future challenges.

Recently, the RMB exchange rate showed a strong rebound momentum. On July 4, 2023, the shore RMB-USD closing price was 7,2161, while the offshore RMB-USD rebounded by 7,22 points and rose by 300 points within the day. The three-day rise in a row made the average price of the RMB-USD on July 5 rise by 78 basis points, on July 7, 1968. The appearance of this rebound trend triggered the influence of the outside world on its back.

On May 16, the EU Carbon Border Regulation Mechanism (CBAM) regulation was officially published in the Official Journal of the European Union, marking that CBAM officially completed all legislative processes and became EU law. This article explores the impact of the EU carbon border regulation mechanism and the response strategies of Chinese exporters.

The decline in global demand for electronics and the difficulties in purchasing components have led to the worrisome situation in Vietnam’s technology manufacturing industry, among which Samsung, Apple and other large electronics companies have significantly reduced production and working hours in Vietnam’s factories, resulting in a large number of employees being unemployed or reduced salaries, which has seriously affected Vietnam’s economic development.

Since July 1, China has begun the eighth phase of tax cuts on the information technology agreement expansion products, marking Chinas full commitment to complete the agreement.This initiative has triggered a major change in the information technology industry, bringing significant overlapping benefits to global economic growth and innovation development.