March 5, 2024 Morning Post

On the previous trading day, the spot exchange rate of RMB against the US dollar closed at 16:30: 1 US dollar to 7.1990 yuan
(1) More than 3,000 export enterprises and more than 40,000 domestic and foreign buyers gathered at the China Fair
(2) The scale of import and export has increased by 136 times in 9 years, and Guangzhou will build an international hub city for cross-border e-commerce
(3) Russia is preparing to remove the duty-free import threshold for goods purchased in overseas online stores and impose a flat tariff of 5%.
(4) SHEIN announced the expansion of the Brazilian market, focusing on Rio de Janeiro, Minas Gerais, Paraná, etc
(5) Clarkson: 34% of the increase in global seaborne trade in 2023 will come from the growth of China’s seaborne trade
(6) South Korea’s economy is expected to enter a recovery phase after passing this year’s economic low
(7) The price of medicine has soared by 254%, and taking medicine has become a new “luxury” for Argentines
(8) Turkey’s consumer price index rose by 67.07% year-on-year in February, and the price of clothing and footwear increased by 43.44%
(9) German Institute for Economic Research: If Trump is re-elected, his tariffs will reduce Germany’s GDP by at least 1.2%
(10) The Commercial Section of the Embassy of Iraq in China has issued the latest notification on the Certificate of Conformity of the Country of Origin

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