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Today's Foreign News | Explosion! China's weak economic recovery; RMB depreciation; Korea-US trade growth; UK consumption picks up, etc.
Jun 14,2023
China's May CPI rises to 0.2 percent year-on-year
Recently, according to data released by the National Bureau of Statistics, China's consumer price index (CPI) rose 0.2 percent in May from a year earlier, up 0.1 percentage points from the previous month, but still the second lowest since March 2021; factory prices of industrial products (PPI) fell 4.6 percent year-on-year, an increase of 1.0 percentage points from the previous month, the lowest since March 2016.
China's foreign exchange reserves fell to $3176.5 billion at the end of May.
A few days ago, according to statistics from the State Administration of Foreign Exchange, as of the end of May, my country's foreign exchange reserves were US $3176.5 billion, a decrease of US $28.3 billion from the end of April, a decrease of 0.88. The size of foreign exchange reserves declined in May due to a combination of exchange rate translation and changes in asset prices.
Last SaturdayOffshore RMBagainst the dollar,Euro depreciates, no change against yen
Last SaturdayThe offshore RMB exchange rate against the US dollar depreciated sharply. As of press time, the offshore RMB exchange rate against the US dollar was reported at 7.1410, which was 7.1172 than the closing price of the previous trading day and depreciated by 238 basis points.
Last SaturdayThe offshore RMB exchange rate against the euro depreciated slightly. As of press time, the offshore RMB exchange rate against the euro was reported at 7.6728, which was 7.6720 than the closing price of the previous trading day and depreciated by 8 basis points.
Last SaturdayThere was no change in the exchange rate of the offshore RMB against the 100 yen. As of press time, the exchange rate of the offshore RMB against the 100 yen was reported at 5.1200, which was 5.1200 from the closing price of the previous trading day.
Last FridayOnshore RMBDevaluation against the dollar, yesEuro rises, no change against yen
Last FridayThe onshore RMB exchange rate against the US dollar depreciated sharply. As of press time, the onshore RMB exchange rate against the US dollar was reported at 7.1285, which was 7.1120 than the closing price of the previous trading day and depreciated by 165 basis points.
Last SaturdayThe onshore RMB exchange rate appreciated slightly against the euro. As of press time, the onshore RMB exchange rate against the euro was reported at 7.6605, 7.6660 the closing price of the previous trading day, an appreciation of 55 basis points.
Last SaturdayThere was no change in the onshore RMB exchange rate against the 100 yen. As of press time, the onshore RMB exchange rate against the 100 yen was reported at 5.1100, which was 5.1100 from the closing price of the previous trading day.
yuan median price last Fridayto beautyYuanappreciation,against the euro,YenDepreciation
Last FridayThe exchange rate of RMB against the US dollar appreciated sharply, and the central parity rate of RMB against the US dollar was 7.1115, 7.1280 165 basis points higher than that of the previous trading day.
Last FridayThe exchange rate of the RMB against the 100 yen depreciated sharply, and the central parity of the RMB against the 100 yen was reported at 5.1216, 5.0910 by 306 basis points from the previous trading day.
The United States or become the South Korea's largest export market
A few days ago, according to data released by the Ministry of Industry, Trade and Resources of the South Korea of Commerce, South Korea had a trade surplus of US $7.2 billion with the United States in the first quarter of this year, making the United States the South Korea's largest trade surplus country. In terms of exports to the United States, exports of petroleum products (30.5 per cent), petrochemicals (24.7 per cent), steel (26.6 per cent), auto parts (16.2 per cent), secondary batteries (50.0 per cent) and plastic products (15.9 per cent) all increased.
UK services sector grows strongly in May, PMI at 55.2
A few days ago, S & P Global Market Intelligence Company Economic Director TimMoore said that service industry companies experienced strong growth in the second quarter of 2023. The UK services PMI was 55.2 in May and the composite PMI was 54 in May. This is because of resilient demand for consumer and technology services, coupled with the tailwind of households shifting from spending on goods to spending on services after the pandemic.
Bangladesh inflation rate reaches 9.94 percent in May
A few days ago, according to data released by the Bangladesh Bureau of Statistics on the 5th, the country's monthly inflation rate reached 9.94 percent in May, reaching the highest level in 10 years. Officials in Bangladesh said this was mainly due to rising food and non-food prices.
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