Weekly Newsletter

The total value of China's foreign trade exceeded 40 trillion yuan for the first time in 2022

China's imports and exports of goods in 2022 totaled 42.07 trillion yuan, up 7.7 percent from 2021, according to data released by the General Administration of Customs on Jan 13. In 2022, the total value of China's import and export exceeded 40 trillion yuan for the first time, and maintained steady growth on the basis of a high base in 2021, reaching a new record high.

Inflation in Russia was 11.9% in 2022, lower than expected

According to the TASS news agency, Russia's Economic Development Ministry said the inflation rate in 2022 will be 11.9 percent. The department expects inflation to fall in the first quarter of 2023 and fall below its 4% target in the second quarter.

Vietnam has a national trade surplus of $11.2 billion in 2022

According to statistics released by Vietnam General Administration of Statistics, the total volume of goods import and export in 2022 is expected to reach US $732.5 billion, up 9.5% year on year. Exports grew by 10.6%; Imports were up 8.4%. In December, the total volume of imports and exports of goods reached 58.82 billion US dollars, up 2.7 percent month on month and down 11.2 percent year on year.

Naver announced the acquisition of Poshmark, America's largest fashion e-commerce company

South Korean portal giant Naver announced that it has completed the acquisition of US fashion e-commerce platform Poshmark. Founded in 2011, California-based Poshmark is one of the largest online shopping platforms in the United States, where users can buy and sell new and used clothing and other household items. The company now has more than 80 million users.

MSC completes acquisition of Italian container terminals

MSC's Terminal Investment Limited (TIL) has completed the acquisition of the Terminal Darsena Toscana (TDT) terminal in the Port of Livorona, Italy. It is the leading refrigerated cargo terminal in Italy and the first terminal in Italy to be equipped with electrified direct connections to the national rail network.

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