The EU has imposed its first sanctions on China, and China has imposed reciprocal sanctions

The European Union on Tuesday imposed sanctions on China over the so-called Xinjiang issue, the first such action in nearly 30 years.It includes a travel ban and asset freeze on four Chinese officials and one entity.Subsequently, China took reciprocal sanctions and decided to impose sanctions on 10 people and four entities of the European side who seriously undermined China’s sovereignty and interests.

The Bank of Japan kept its benchmark interest rate at minus 0.1 percent

The Bank of Japan announced to keep its benchmark interest rate unchanged at minus 0.1 percent, taking additional easing measures.In the long run, inflation expectations are broadly unchanged.But recent measures of inflation expectations have shown some softness.Economic activity is expected to eventually return to a moderate trend of expansion.

The offshore renminbi depreciated against the dollar, euro and yen yesterday

The offshore renminbi depreciated slightly against the US dollar yesterday, at 6.5069 at the time of writing, 15 basis points lower than the previous trading day’s close of 6.5054.

The offshore renminbi depreciated slightly against the euro yesterday, closing at 7.7530, 110 basis points lower than the previous trading day’s close of 7.7420.

The offshore renminbi weakened slightly to ¥100 yesterday, trading at 5.9800 yen, 100 basis points weaker than the previous trading close of 5.9700 yen.

Yesterday, the onshore renminbi was unchanged against the US dollar and weakened against the euro and yen

The onshore RMB/USD exchange rate was unchanged yesterday. At the time of writing, the onshore RMB/USD exchange rate was 6.5090, unchanged from the previous trading close of 6.5090.

The onshore Renminbi depreciated slightly against the Euro yesterday. The onshore Renminbi closed at 7.7544 against the Euro yesterday, down 91 basis points from the previous trading day’s close of 7.7453.
The onshore renminbi weakened slightly to ¥100 yesterday, trading at 5.9800, 100 basis points weaker than the previous trading day’s close of 5.9700.

Yesterday, the central parity of the renminbi depreciated against the dollar, the yen, and appreciated against the euro

The renminbi depreciated slightly against the US dollar yesterday, with the central parity rate at 6.5191, down 93 basis points from 6.5098 in the previous trading day.

The renminbi rose slightly against the euro yesterday, with the central parity rate at 7.7490, up 84 basis points from 7.7574 on the previous day.

The renminbi depreciated slightly against 100 yen yesterday, with the central parity rate at 5.9857, down 92 basis points compared with 5.9765 in the previous trading day.

China remains the EU’s largest trading partner

Recently, statistics released by Eurostat showed that the EU exported 16.1 billion euros of goods to China in January this year, up 6.6% year on year.Bilateral trade in goods totaled 49.4 billion euros, basically the same as that in 2020, and China remained the EU’s largest trading partner.Eurostat, the European Union’s statistical office, said both exports and imports of goods fell sharply in January compared with the same month last year.

The Lebanese currency continued to depreciate severely

The Lebanese pound, also known as the Lebanese pound, recently hit a record low of 15, 000 to the dollar on the black market.Over the past few weeks, the Lebanese pound has been losing value almost every day, which has led to a sharp rise in prices and has severely affected people’s lives.Some supermarkets in the region have seen panic buying recently, while petrol stations in Nabatiyah province in the south have experienced fuel shortages and sales restrictions.

Denmark will keep a tight grip on the proportion of “non-westerners”

Denmark is debating a controversial bill that would cap the number of “non-western” residents living in each neighbourhood at 30 per cent.The bill aims to ensure that within 10 years, Danish “non-Western” immigrants and their descendants do not make up more than 30 per cent of the population in any community or residential area.The high concentration of foreigners in residential areas increases the risk of a unique “religious and cultural parallel society” emerging in Denmark, according to Danish Interior Minister Jens Beck.

The first cross-border ‘buy now, pay later’ in the Middle East has emerged

Zood Pay has officially announced the launch of its first cross-border buy-now, pay-later solution for the Middle East and Central Asia.Serving merchants from China, Europe, Russia and Turkey, as well as consumers from the Middle East and Central Asia, can significantly reduce customer service costs, increase the average value of orders and reduce returns.

Recently, the large number of container ships ordered over the past six months has caused a fundamental shift in the global liner rankings.If orders are included, MSC would overtake Maersk as the world’s largest liner company, while France’s CMA CGM would regain third place from China’s Cosco as scheduled.

FedEx package volume increased by 25%

FedEx (FDX) reported a 25% increase in parcel traffic at its FedEx Ground business in its latest quarterly results.Daily parcel volumes at the FedEx Express business rose 12.2 per cent.While winter storms disrupted the company’s delivery business and knocked $350 million off its bottom line, FedEx’s revenue rose 23% and net income nearly tripled in the quarter.