On November 30th local time, the delivery event for the first batch of Tesla electric pickup trucks Cybertruck was held. On December 1st, related topics surged on hot searches and attracted the attention of netizens. It is reported that Tesla held a Cybertruck delivery event at 4am Beijing time on December 1st and revealed relevant information about this pure electric pickup truck. The entire delivery event took approximately 25 minutes, making it one of the shor ... 阅读全文

Famous Western brands in China are feeling the chill brought by the sluggish consumption in China. From luxury cosmetics company Estee Lauder to clothing manufacturer Canada Goose and iPhone seller Apple, several companies have reported weak performance, with some claiming that consumers have not reopened their wallets nearly a year after the lifting of quarantine measures. Estee Lauder's share price fell 17% last Wednesday, the lowest level in many years. Previo ... 阅读全文

The yield of the 10-year US treasury bond bond is close to 5%, which means that the return of the safest investment product in the world has reached the highest level since 2007. Why invest in the US stock market in this situation? This is a new problem that investors are currently facing. Since the 2008 financial crisis, the extremely low interest rates and record printing speed of the Federal Reserve have made so-called successful investments different from bef ... 阅读全文

The latest data shows how closely China is connected to other countries. A summary released on Monday shows that China is the world's largest source of international development financing, providing approximately $1.34 trillion in loans and grants to 20985 projects in 165 low-income and middle-income countries over the past 22 years. The publisher of this outline is AidData, a research laboratory under William and Mary College in Williamsburg, Virginia. The l ... 阅读全文

The price ceiling set by the West to curb Russia's war spending on Russian oil is gradually losing its effectiveness. The latest evidence is that data released last Friday showed that the oil and gas tax revenue in the Russian budget for October more than doubled compared to September, and increased by more than a quarter compared to the same period last year. This is completely different from the sudden drop in energy income at the beginning of the year. The pri ... 阅读全文

Jinglin Asset, a domestic private equity giant worth hundreds of billions, has just disclosed its latest holdings in the US stock market! GREENWOODS ASSET MANAGEMENT HONG KONG LTD, an overseas subsidiary of Jinglin Asset, recently submitted US stock holdings data to the US Securities and Exchange Commission as of the end of the third quarter of 2023. Its total US stock market value was 2.549 billion US dollars (approximately RMB 18.588 billion), a significant inc ... 阅读全文

The two numbers mentioned in this column seem to have completely different descriptions of globalization. In the past 15 years, people have gradually formed a consensus that globalization is at its end and is on the decline. A widely cited figure supporting this argument is that the proportion of trade to global output peaked at the peak of the 2008 global financial crisis and has never recovered since then. However, a new indicator proposed by two young economis ... 阅读全文

Munger, Vice Chairman of Berkshire Hathaway and Warren Buffett's long-term business partner, recently spent two hours chatting with reporters from The Wall Street Journal at his home in Los Angeles. 99 year old Munger sat in his study, contemplating various issues such as index funds, cryptocurrencies, and even changes in investment methods. Munger and Buffett are considered among the best investors in history, turning Berkshire into a giant with a stock portfoli ... 阅读全文

After the booming domestic market, Chinese electric vehicle battery companies are also becoming major exporters. It has been proven that the efforts made by Western countries to protect their own markets may have been too few and too late. Chinese companies are also focusing on expanding new factories on a large scale in free trade partner countries in Europe and the United States, in order to avoid current and future import restrictions, as Japanese automakers d ... 阅读全文

Against the backdrop of a significant increase in global interest rates and the drag on the world economy from wars in Ukraine and the Middle East, China's exports have declined for the sixth consecutive month, increasing the pressure on the Chinese government to increase domestic spending. These data further indicate that China's economic growth is still facing difficulties after its recent rebound. Although Chinese officials have expanded stimulus measures in r ... 阅读全文

Many large global investment banks are still committed to developing in Hong Kong, with a total of thousands of employees in Hong Kong. The Chinese market has become a Waterloo for Wall Street investment banks, forcing them to reassess the prospects of Hong Kong's investment banking business. Over the past decade, European and American investment banks have prospered in Hong Kong, helping hundreds of Chinese companies raise funds by selling stocks and bonds in th ... 阅读全文

On October 31st, the National Bureau of Statistics of China announced that the Comprehensive Purchasing Managers' Index (PMI) for October fell to 50.7 from 52.0 in September, and the Manufacturing Purchasing Managers' Index dropped even further to 49.5, marking the sixth month of this year when it fell below the 50 mark. Although a survey conducted by another commercial institution showed that the service industry procurement manager index rose to 50.4 in October ... 阅读全文

China Customs released import and export data for October on Tuesday (November 7th). Data shows that China's exports have continued a six month contraction trend, while imports have increased, leading to a narrowing of China's trade surplus. China's exports fell 6.4% year-on-year to $274.8 billion, exceeding the 6.2% drop in September and the 3.3% drop predicted by experts surveyed by Reuters. Imports increased by 3% year-on-year to $218.3 billion, which is much ... 阅读全文

The Chinese authorities, who have been carrying out diplomatic insults, economic sanctions, and even military threats against Australia for many years, now welcome the Australian Prime Minister with open arms. The face-changing diplomacy of the Communist Party of China seems to provide an alternative lesson or lesson to the international community. Yesterday's hostility was undisguised, today's singing of mutual trust In the past few years, the Beijing author ... 阅读全文

Hedge fund billionaire Ray Dalio stated that the Western attempt to prevent China from acquiring microchips is "very, very similar" to the policy adopted by the United States towards Japan in the 1940s, which is widely believed to be the culprit leading to the escalation of World War II. Dalio told the Money Maze podcast that efforts to prevent China from importing the high-tech machines needed to produce semiconductors are similar to the oil export embargo impos ... 阅读全文

US Treasury Secretary Janet Yellen called the US China relationship "one of the most important relationships in the world" on Thursday, saying "we need to handle this relationship correctly". Yellen said in a speech at the Asia Society on the Biden administration's Indo Pacific economic strategy that the United States does not seek to "decouple" from China. If Asia Pacific countries choose sides between China and the United States, it will have a "significant n ... 阅读全文

Amazon, Google, and Microsoft have invested billions of dollars in artificial intelligence (AI) startups over the past year, while also charging similar amounts of cloud platform usage fees to these startups. With these types of transactions, these three major technology companies have become both the biggest supporters and the most direct beneficiaries of these startups, reflecting how a portion of the biggest dividends of the AI craze is continuously flowing to ... 阅读全文

Last autumn, China crossed an important milestone: its trade volume with developing countries exceeded the combined trade volume with the United States, Europe, and Japan for the first time since China's reform and opening up more than 40 years ago. As tensions over trade, technology, security, and other thorny issues intensify, China and the West are moving in different directions, and China's crossing this milestone is one of the most obvious signs to date. For ... 阅读全文

The EU's Global Gateway initiative has been in place for more than two years. Europe held its first Global Gateway Forum at the end of October, with leaders, government representatives, and ministers from over 20 southern countries attending the meeting. China, India, and other countries are implementing their respective strategic development plans to compete globally. The changes in the Middle East situation and the uncertainty of the international situation mak ... 阅读全文

As South Korean electric vehicle battery manufacturers prepare to respond to China's restrictions on graphite exports that will take effect next month, analysts say that Washington, Seoul, and Tokyo should accelerate the launch of a pilot program aimed at improving supply chain resilience. Daniel Ikenson, Director of Trade, Investment, and Innovation at the Asia Society Policy Institute, told VOA that he believes the United States, South Korea, and Japan have wai ... 阅读全文