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As tensions escalate in the Red Sea, insurers are refusing to provide war risk coverage for U.S. and U.K. merchant ships. Shipping companies are rerouting, disrupting global supply chains and raising inflation concerns.
In 2023, Chinas shipbuilding industry completed 42.32 million deadweight tons, accounting for 50.2% of the global market. The new order volume was 71.2 million deadweight tons, setting a global share of 66.6%, exceeding the sum of Japan and South Korea.
In 2023, Germanys GDP contracted by 0.3%, raising concerns about an economic slowdown in Europe. High inflation, energy crises, and declining exports were the main reasons, affecting economic recovery across Europe.
Chiles export trade achieved significant growth in 2023, with non-traditional goods and services exports reaching record highs. Deepening trade cooperation with China has promoted diversification and innovation.
China approves the export of spherical graphite materials and graphite anode materials to South Korean battery industry manufacturers, strengthening China-South Korea battery industry cooperation and promoting technological development and global competitiveness.
In 2023, Vietnam faced challenges in exports to European and American markets, with total export value dropping by 9.6%. Contributing factors include global economic downturn, reduced demand, and political instability.
With the EUs ban on the Russian company Alrosa, the global diamond industry is seeking new sources of supply. De Beers invests $1 billion to respond to market changes and supply challenges.
In 2023, Chinas automobile production and sales volume reached a new high, exceeding 30 million units for the first time. The export of new energy vehicles has increased significantly, and China is expected to become the worlds largest automobile exporter.
In 2023, South Koreas electric vehicle market witnessed significant changes, with domestic vehicle share dropping to 73.1% and imported vehicle share rising to 26.9%, reflecting new trends in consumer preferences and market competition.
? 2025. All Rights Reserved. Shanghai ICP No. 2023007705-2 
PSB Record: Shanghai No.31011502009912
