Source: CCTV Finance According to Japanese media reports on October 24th, the latest forecast from the International Monetary Fund (IMF) shows that Japan's nominal gross domestic product will be lower than Germany this year, dropping from the third largest economy in the world to the fourth. Relying on the geographical advantages of Tokyo Bay, Tokyo Port has formed Japan's largest industrial zone and occupies an important position in Japan's total economic output ... 阅读全文

Source: CCTV Finance According to Japanese media reports on October 24th, the latest forecast from the International Monetary Fund (IMF) shows that Japan's nominal gross domestic product will be lower than Germany this year, dropping from the third largest economy in the world to the fourth. Relying on the geographical advantages of Tokyo Bay, Tokyo Port has formed Japan's largest industrial zone and occupies an important position in Japan's total economic output ... 阅读全文

This month, after the merger and acquisition transactions in the oil and gas sector with a total scale of over 110 billion US dollars were completed, the atmosphere was filled with the smell of mergers and acquisitions. First, Exxon Mobil (XOM) reached a deal to acquire the Permian Basin giant Pioneer Natural Resources (PXD), and then Chevron agreed to acquire Hess. Who will be the next? The transaction negotiations are already underway. According to Bloomberg, a ... 阅读全文

Enterprises weighing the risks and benefits of generative artificial intelligence (AI) technology are facing the challenge that social media platforms have long been striving to address: preventing technology from being maliciously exploited. Drawing on the experience of these platforms, business technology leaders are starting to combine software based "guardrails" with manual auditors to limit their use within prescribed limits. AI models such as OpenAI's GPT-4 ... 阅读全文

The Chinese stock market rose moderately on Tuesday, after a large Chinese state-owned fund intervened again in the stock market. Central Huijin Investment, a subsidiary of China's sovereign wealth fund, announced in a brief announcement on Monday evening that it had bought into "traded open-ended index funds" on the same day and would continue to increase its holdings in the future. Previously, the Shanghai and Shenzhen 300 Index fell to its lowest level since 2 ... 阅读全文

As it seeks overseas expansion, Great Wall Motor has become the first company to officially respond to a European anti subsidy investigation against Chinese electric vehicle manufacturers and is advancing plans to open factories in Europe. On Monday, the company's president, Mu Feng, posted a Chinese post on his social media Weibo account, which read: "We need a fair and open trade environment." He said that Great Wall Motors was the first to respond to the EU's ... 阅读全文

As early as a few years ago, a small number of multinational companies left Hong Kong, and they were uneasy about the increasingly close connection between this financial center and Chinese Mainland. Currently, the initial retreat of a small number of companies is evolving into a major retreat involving banks, investment companies, and technology companies. The number of US companies operating in Hong Kong has been declining for four consecutive years. According ... 阅读全文

Xinhua News Agency stated that the presidential decree was issued based on personnel changes approved by the Standing Committee of the National People's Congress, the Chinese legislative body, on the same day. State Councillors are high-level positions in the government. According to Xinhua News Agency, former Chinese Foreign Minister Qin Gang has also been removed from his position as a State Councilor. Qin Gang was replaced in July after disappearing from ... 阅读全文

When a Chinese regulatory agency banned investors from opening accounts with online brokers Futu and UP Fintech, both companies were hit. These two companies have regarded mainland China as the main source of growth for many years. But then the stocks of the two companies listed in the United States surged, what is the reason for this? Futu and Tiger Securities had previously catered to the needs of mainland Chinese traders until earlier this year when Chinese se ... 阅读全文

According to reports, the struggling Chinese real estate developer Country Garden has been announced to have defaulted on a US dollar bond. According to Bloomberg on Tuesday, struggling Chinese real estate developer Country Garden Holdings Co. (2007. HK) has been declared in default on a US dollar bond and failed to pay interest of $15.4 million as scheduled after a grace period ended. The report cites a notice issued by Citicorp International Ltd., the trustee ... 阅读全文

On October 4th, in the center of Tokyo, pedestrians walked past an electronic display board displaying data from the Tokyo Stock Exchange and the Japanese yen. Source: The AFP International Monetary Fund predicts that Germany will replace Japan as the world's third largest economy by 2023. Image source: kyodonews The significant depreciation of the yen and the lack of motivation for Japan's economic growth are the main reasons. If Japan fails to improve in the fu ... 阅读全文

Economists warn that the further escalation of the Israeli-Palestinian conflict will pose significant risks to the global economy, driving up energy prices and disrupting key trade routes. The recent developments have deepened economists' biggest concern that conflicts will engulf the entire Middle East region and begin to pose a long-term threat to global energy and trade infrastructure. US Secretary of State Antony Blinken warned on Tuesday that Washington woul ... 阅读全文

The US economy may expand at its fastest pace in nearly two years in the third quarter, with this astonishing acceleration mainly due to consumers benefiting from the flexibility of the job market, increased wealth, and easing inflation. The US gross domestic product (GDP) data for the third quarter will be released on Thursday. According to a survey, economists expect the annualized growth rate of US GDP for the third quarter to be 4.5%, more than twice the grow ... 阅读全文

Wen/Zhu Haibin, Chief Economist of JPMorgan Chase China There is a significant difference in the evolution and prediction of the global economy in 2023. The good news is that the global economy has not fallen into recession. Will there be a soft landing in the global economic performance in 2024, or will it be a frog cooked in warm water? I will start by offering a brief introduction to the global economy this year. Many investors now view 2024 as a soft landing, ... 阅读全文

Special reporter Hu Tianjiao reports from Shenzhen Multiple initiatives have called for capital to participate in sustainable transformation, but the funds invested are still far from sufficient to cover the gap. According to data released by the Organization for Economic Cooperation and Development (OECD) in 2022, the difference between current expenditures and expenditures required to achieve the United Nations Sustainable Development Goals is $3.9 trillion. Ac ... 阅读全文

Germany's business prospects have improved, providing support for a moderate rebound in Europe's largest economy. But the country also faces the risk of a second recession in over a year. The Ifo Business Expectations Index rose to 84.7 in October, higher than the revised 83.1 from last month. This exceeds the median estimate of 83.5 in media surveys. The measurement indicators of the current situation also unexpectedly rose. Clemens Foster, President of Ifo Rese ... 阅读全文

The next Federal Open Market Committee (FOMC) interest rate meeting will be held from October 31 to November 1 local time. Will the Federal Reserve raise interest rates this time, or will it further suspend rate hikes? This month, several Federal Reserve officials stated that they can maintain a restrictive monetary policy stance. As of now, since the Federal Reserve launched this interest rate hike cycle in March 2022, the cumulative rate hike has reached 525 ba ... 阅读全文

Reporter: Cai Ding Editor: Lan Suying On Tuesday, October 24th local time, the 7th Future Investment Initiative (FII) Summit, known as "Davos in the Desert," opened in Riyadh, Saudi Arabia. This three-day summit attracted approximately 6000 representatives from over 90 countries and regions. At the roundtable forum on the opening day, Rui Dalio, founder of Bridgewater Fund, Jamie Damon, CEO of JPMorgan Chase, Larry Fink, Chairman and CEO of BlackRock, Fan Jieen, ... 阅读全文

The President of the International Monetary Fund (IMF), Kristalina Georgieva, stated on Wednesday (October 25) that global economic growth has slowed to 3% and will continue to slow in the coming years, while high interest rates will further drag down economic growth. In the latest World Economic Outlook released by the IMF this month, it is expected that the world economy will grow by 3% this year, consistent with the forecast in July; However, the global econom ... 阅读全文

Source: According to a report on the website of The Economist in Spain on October 23rd, due to not using the euro, it is officially stated that Sweden has been in a controversial legal dilemma in Europe for 20 years. The Nordic country belonging to the '27 country club' has been using its own currency for decades and is a controversial issue in both Brussels and Stockholm. The reason for this strange situation can be traced back to 2003. That year, the country pr ... 阅读全文