by Shawn Jiang | Oct 10, 2024 | China, Explore, Glopen, In-depth, Newsletter, Services
Historic Milestone: Market Transaction Surpasses 1 Trillion in Just 20 Minutes On the first trading day following the National Day holiday, the Chinese stock market experienced a historic moment. On October 8th, the Shanghai Composite Index opened with a gain of...
by Shawn Jiang | Oct 7, 2024 | China, Explore, Glopen, In-depth, Newsletter
Is CNY Going Viral? Check What’s Happened! Currency Exchange Rates Recent fluctuations in the CNY/USD exchange rate have captured market attention, particularly as the offshore yuan has breached the 7 mark. On Wednesday, the US dollar to offshore CNY rate fell...
by Shawn Jiang | Oct 7, 2024 | China, Explore, Glopen, In-depth, Newsletter, Services
How the Fed Rate Cut Will Affect the Average Chinese Citizen? The recent decision by the Federal Reserve (Fed) to cut interest rates has become a focal point of discussion across various sectors, from financial markets to everyday citizens. This marks the first rate...
by Shawn Jiang | Oct 7, 2024 | China, Explore, Glopen, In-depth, Newsletter
China’s Retail Landscape: August 2024 Insights and Trends In August 2024, China’s retail sales of consumer goods reached CNY 38,726 billion, marking a y-o-y growth of 2.1%. For the first eight months of the year, the total retail sales amounted to CNY...
by Shawn Jiang | Oct 7, 2024 | China, Explore, Glopen, In-depth, Newsletter
CPI (Consumer Price Index) for August 2024 In August 2024, China’s consumer price index (CPI) rose 0.6% y-on-y. Among them, urban areas rose 0.6% and rural areas rose 0.8%. Food prices rose 2.8% and non-food prices rose 0.2%. Consumer goods prices rose 0.7% and...
by Shawn Jiang | Oct 7, 2024 | China, Glopen, In-depth, Newsletter
China’s Purchasing Managers’ Index (PMI) for August 2024 Manufacturing PMI Overview In August, China’s Manufacturing PMI stood at 49.1%, a decrease of 0.3 percentage points compared to the previous month, indicating a slight decline in manufacturing...
