Daily Management Review
Economics

In 2023, China's Industrial Profits Decreased By 2.3%

As a result of weak domestic and international demand, profits at China's industrial companies dropped 2.3% in 2023—their second consecutive year of decrease. This put more pressure on economic development in the face of a severe real estate crisis and deflationary threats.   According to...

FT: China restricts investors' access to overseas assets due to capital flight

According to the Financial Times, Beijing has imposed limitations on investors' access to overseas assets in an effort to halt capital flight. It has been noted that the authorities have limited retail investors' access to funds that purchase foreign equities. "The government's Qualified Domestic...

US LNG producers cancel a number of exports due to rising domestic prices

Many shipments of US-based LNG exporters have been canceled over the past week, according to S&P Global, which cited sources. In addition to causing significant disruptions to the operations of several LNG terminals in the United States, frosty weather also sharply increased domestic gas demand and...

US Banks Caution That In 2024, Expensive Deposits Would Reduce Interest Income

Earlier this week four American banks issued warnings about reduced interest revenue for this year, concluding a week of gloomy statements from the sector, which has been put under strain by high deposit costs.   Following almost a year of substantial earnings due to the high interest...

Germany Is Europe's "Tired Man," According To Its Finance Ministry’

After months of discussion about whether Europe's traditional powerhouse had turned into the "sick man of Europe," Germany's finance minister on Friday put up a fresh analogy for his nation's struggling economy.   “I know what some of you are thinking, Germany probably is a sick man. Germany...

S&P 500 Rises To An All-Time High, Signalling A Market Recovery

Tech stocks and improving economic sentiment drove US stock prices to all-time highs on Friday. The S&P 500 index, which measures the stocks of the largest corporations in America, closed the day at 4,839.8, up 1.2% from the previous high set in January 2022.   It has rebounded from the...

Decline In Retail Sales In The UK Suggests A Fresh Recession Danger

According to official figures released on Friday, British shops saw their largest sales decline in nearly three years in December, increasing the possibility that the economy entered a recession towards the end of last year.   According to the Office for National Statistics (ONS), the 3.2%...

Attacks On Red Sea Shipping Put Stress On China's Exporters As Expenses And Delays Rise

The viability of Chinese businessman Han Changming's trade operation in the eastern province of Fujian is in jeopardy due to disruptions to Red Sea freight.   Han, who buys off-road vehicles from Europe and exports Chinese-made automobiles to Africa, told Reuters that the cost of...

Discussions At Davos Dominated By Generative AI As Businesses Prioritize Accuracy

At the World Economic Forum, the emergence of generative artificial intelligence has dominated both private and public discourse as the biggest tech corporations in the world—such as Microsoft, Google, and Salesforce—take over local businesses in a temporary move intended to intimidate conference...

Analysts Predict China May See Additional Chip Restrictions In 2024

To restrain the China’s chip technology, countries like the United States and the Netherlands may continue to restrict Asian powerhouse's exports of semiconductors, according to analysts.   The Netherlands prevented ASML, a Dutch manufacturer of semiconductor equipment, from shipping certain...
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