South Korea is facing weak domestic demand, but thanks to the recovery of exports, especially semiconductors, the risk of economic recession has been alleviated. High interest rates affect consumption, and equipment investment shrinks, while exports provide momentum for economic growth.
In 2023, Chinas maritime trade growth led the world, accounting for over 30% share. Meanwhile, Chinas automobile exports reached 4.91 million units, surpassing Japan to become the worlds largest auto exporter.
The U.S. urges the Netherlands, Japan, Germany, and South Korea to strengthen export controls on chip technology to China but faces resistance from the Netherlands and Japan. This strategy aims to limit Chinas semiconductor technology development and has drawn international attention.
It introduced how Central Asia became a new channel for dual - use goods to flow to Russia after the Russia - Ukraine conflict, revealing the challenges of international sanctions and the complexity of the global trade network.
India requires state - owned oil refiners to pay for oil imports in rupees to reduce dollar dependence, but faces challenges such as supplier rejection and exchange rate risks.
The Semiconductor Equipment and Materials International (SEMI) urges the European Union to carefully implement new export controls and foreign investment rules, emphasizing the importance of maintaining free trade for the global semiconductor industry.
Under the USs strengthened export control on China, AMD tried to launch the China - specific AI chip MI309 that complies with the restrictions, but it still has not been approved by the US government.
Russia will reduce oil production and exports in the second quarter of 2024 as part of the OPEC+ agreement, aiming to maintain market balance and price stability.
Japan is facing a sharp decline in industrial production in early 2024. The停產(chǎn) of Daihatsu Motor and the impact of the earthquake are significant. Although exports to China have increased significantly, internal challenges remain severe.