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Surprise! China's social integration fell sharply; Eurozone economic growth; Australia's exports fell; South Korea exports fell.
Aug 16,2023
Eurozone economy grew 0.3 percent in the second quarter
A few days ago, according to preliminary data released by Eurostat, after seasonal adjustments, the euro zone's gross domestic product (GDP) in the second quarter of this year increased by 0.3 month-on-month, and the EU's GDP grew by zero month-on-month; the euro zone's GDP in the second quarter increased by 0.6 year-on-year. EU GDP increased by 0.5 percent year-on-year.
China's Social Financing Scale Increases by 528.2 billion Yuan in July
Recently, according to central bank data show. At the end of July, the balance of M2 was 285.4 trillion yuan, up 10.7 percent year-on-year; the balance of M1 was 67.72 trillion yuan, up 2.3 percent year-on-year; and the balance of M0 was 10.61 trillion yuan, up 9.9 percent year-on-year. The scale of social financing increased by 528.2 billion yuan in July, 270.3 billion yuan less than the same period last year.
Australia's trade surplus widens, exports fall
A few days ago, according to the latest data from the Australian Bureau of Statistics, the trade surplus in June reached 11.3 billion Australian dollars (7.4 billion US dollars), exceeding economists' expectations. Although overall exports fell by 2 per cent, imports fell by 4 per cent, widening the trade surplus.
South Korea exports fall the most in three years
A few days ago, according to data released by South Korea Industrial Business Resources, South Korea's exports in July were $50.33 billion, down 16.5 percent year-on-year, the biggest decline since May 2020 and larger than the market's previous forecast of 15 percent.
Pakistan issues commemorative coin for 10th anniversary of China-Pakistan Economic Corridor
A few days ago, according to an announcement issued by the Central Bank of Pakistan, the China-Pakistan Economic Corridor has made great contributions to Pakistan's infrastructure construction and economic development in the past 10 years. To commemorate the 10th anniversary of the launch of the China-Pakistan Economic Corridor, the Pakistani government decided to issue commemorative coins with a face value of 100 rupees.
Amazon's third-party seller service revenue has reached 81%
A few days ago, according to the latest MarketplacePulse report, Amazon's revenue from third-party seller services has reached 81% of its own business. Commissions, logistics fees, and advertising make up Amazon's entire third-party seller service.
TikTok Shop becomes the second largest e-commerce platform in Vietnam
A few days ago, according to a data report released by Metric, a Vietnamese data research company, in the first half of 2023, Vietnam's e-commerce platform revenue reached 92745 billion Vietnamese dong, and in the second quarter, Tiktok Shop became Vietnam's second largest e-commerce platform, second only to Shopee.
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