The Japanese government announced on Thursday that China has officially arrested a Japanese pharmaceutical company executive who has been detained since March. This move may further crack down on business travel to China. Japanese Chief Cabinet Secretary Hirokazu Matsuno stated that the executive of Astellas Pharma was officially arrested in mid October. China has previously confirmed that this person is Hiroshi Nishiyama. Matsuno Hiroyi stated that the Japanese ... 阅读全文

Currently, the world economic situation is facing complex challenges and changes, and the slowdown in economic growth is relatively severe. Especially affected by the COVID-19 pandemic, many countries have experienced a slowdown in economic growth, restricted trade activities, and weakened investment and consumer demand. In addition, global supply chains are disrupted, leading to logistics and production issues. Many countries are facing inflationary pressure due ... 阅读全文

On October 20th local time, data released by the US Treasury showed that in the 2023 fiscal year ending on September 30th, the US federal government's fiscal deficit reached nearly 1.7 trillion US dollars, an increase of 23% from the previous fiscal year. The US Treasury Department stated that the reason for the increase in the fiscal deficit is a decrease in income, as well as a significant increase in social security, healthcare, and federal debt interest costs ... 阅读全文

The Federal Reserve's Meister stated that it is concerned about a large amount of data related to monetary policy, including the money supply; Until recently, the Federal Reserve had been underestimating inflation levels; It cannot be said with certainty that the policy interest rate has reached its peak.

The total trade volume between China and Russia has exceeded the $200 billion mark in the past year. This number has also been recognized by the outside world that Russia's shift in the focus of trade from the West to the East is truly a gamble. After this number came out, Putin finally had the confidence to fight the West to the end. According to the Russian Satellite News Agency, during his visit to China to participate in the the Belt and Road Forum for Intern ... 阅读全文

According to data released by the US Treasury on the 20th, the federal government's fiscal deficit reached nearly $1.7 trillion in the 2023 fiscal year ending on September 30th, a 23% increase from the previous fiscal year. Data shows that the US fiscal revenue for fiscal year 2023 is approximately $4.4 trillion, a decrease of approximately $457 billion compared to the previous fiscal year; The fiscal expenditure is approximately $6.1 trillion, a decrease of appr ... 阅读全文

Former US Treasury Secretary Lawrence Summers stated that at some point, the Federal Reserve will have to intervene in the US government's continuously accumulating debt, as it has an impact on interest rates. Summers said, "I understand that the Federal Reserve's job is not to intervene in fiscal policy, but I believe that over time, as the decision-maker of national monetary policy, the Federal Reserve will have to be involved in some of the issues related to T ... 阅读全文

According to CCTV News, on the 20th local time, the US Treasury Department released a report showing that the budget deficit for the 2023 fiscal year was $1.695 trillion (approximately 12.4 trillion RMB), an increase of 23% compared to last year, due to a decrease in income and a significant increase in social security, medical insurance, and federal debt interest costs.

Despite high interest rates but low unemployment, the retail situation was on the sidelines again in August, with retail contraction intensifying and GDP growth slowing in the third quarter. Finance Minister Fernando Haddad told Reuters in an interview that the economy has stagnated and the economic environment in the third quarter was very poor. Due to external challenges such as long-term interest rate hikes in the United States and the Israeli-Palestinian conf ... 阅读全文

Former US Treasury Secretary Summers stated that at some point, the Federal Reserve will have to intervene in the US government's continuously accumulating debt, as it has an impact on interest rates. Summers stated that, I understand that the Federal Reserve's job is not to interfere with fiscal policy, but I believe that over time, as the decision-maker of national monetary policy, the Federal Reserve will have to be involved in some of the issues related to Tr ... 阅读全文

Data shows that due to a decrease in both government revenue and expenditure, the federal budget deficit for the fiscal year 2023 was $1.7 trillion, an increase of $320 billion or 23% compared to the same period last year. This fiscal year ends on September 30th. Key details: The US Treasury Department reported a 9% decrease in revenue in 2023, or $457 billion, while government spending or expenditure decreased by a relatively small 2%, or $137 billion. The Minis ... 阅读全文

However, we cannot simply attribute this crisis to the problems of the United States. In fact, it is a manifestation of the fragility of the global supply chain. Under the highly interconnected global economy, any country's problems will have a chain reaction. Therefore, we need to pay attention to the stability and elasticity of the supply chain to avoid the serious impact of supply chain disruptions. In addition to focusing on the stability of internal supply c ... 阅读全文

04:02:59 The US fiscal year budget deficit expanded by 23% to $1.7 trillion due to a decrease in revenue.

The Federal Reserve may need to trim its balance sheet for a few more years, according to Meister; The impact of climate change on the economy and financial system cannot be ignored; The Federal Reserve must align climate change issues with its mission.

01:10:44 The Federal Reserve's Meister stated that it is concerned about a large amount of data related to monetary policy, including the money supply.

Mohamed El Erian, Allianz's chief economic advisor, stated that the US economy is experiencing a period of "heightened uncertainty" due to a lack of foresight among Federal Reserve officials determined to bring inflation back to the 2% target. Erian also stated that there is a real risk of excessive tightening of monetary policy, and he hopes that the Federal Reserve will maintain the current benchmark interest rate unchanged this year for the purpose of economic ... 阅读全文

According to media surveys, most economists have stated that the Bank of Canada will reduce overnight interest rates to 4.75% or lower by the end of the second quarter of 2024. Among the 32 economists, 29 said that the Bank of Canada will maintain overnight interest rates at 5.00% on October 25th, while the other 3 believed that they would raise rates by 25 basis points.

As consumers continue to maintain spending, economists have raised their expectations for US economic growth until early 2024 and lowered their expectations for a recession to their lowest level in a year. According to a latest monthly survey conducted by economists, due to forecasters raising their expectations for household spending, economists expect the US economy to grow at an annualized rate of 3.5% in the third quarter, the highest level in nearly two year ... 阅读全文

On Friday (October 20th) local time, Atlanta Fed Chairman Bostick stated that he expects the Fed to cut interest rates only later next year. Bostek said in a media interview on Friday that the Federal Reserve still has a lot of work to do before achieving the 2% inflation target. Since March last year, the Federal Reserve has raised interest rates 11 times, with a cumulative increase of 525 basis points. The federal funds rate has been raised to a 22-year high of ... 阅读全文

Atlanta Fed Chairman Raphael Bostic stated on Friday that he does not expect the Federal Reserve to lower the US benchmark interest rate until mid-2024. This is the first Federal Reserve official to reveal the timeline for a possible rate cut after the Fed released a hawkish chart that exceeded expectations in September. In an interview with the media, he said, "The Federal Reserve needs to be cautious, patient, and resolute in achieving its goal of reducing infl ... 阅读全文