1. The United States comprehensively reviews its trade policy with China
Recently, US Trade Representative Dai Qi said that the Office of the US Trade Representative is conducting a comprehensive review of China's trade policy. And strive to make China abide by the commitments made in the "phase one" trade agreement reached with China during Trump's term. Although the agreement calls for ministerial-level consultations to be held every six months, no arrangements have been made so far.
2. In the first quarter, China's foreign direct investment increased by 4.6% year-on-year
In the first quarter of 2021, China's foreign direct investment was 206.14 billion yuan, a year-on-year increase of 4.6%, of which foreign non-financial direct investment was 160.81 billion yuan, a year-on-year decrease of 4.9%. The turnover of foreign contracted projects was RMB 195.31 billion, which was basically the same as the same period last year.
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3. The UK-Europe trade agreement was officially approved and entered into force
A few days ago, the Council of Ministers of the European Union adopted a decision to implement the EU-UK Trade and Cooperation Agreement, which is the final step of the EU's approval process for the agreement. From May 1, 2021, this agreement will officially enter into force in the European Union. The agreement is based on a free trade agreement and covers sensitive issues such as a level playing field, fishing rights, and dispute governance.
4. Amazon's first quarter net profit surged 220% year-on-year
Amazon released the first quarter earnings report for fiscal 2021. The quarterly net profit was 8.107 billion U.S. dollars, an increase of 220% compared with last year's net profit of 2.535 billion U.S. dollars; net sales were 108.518 billion U.S. dollars, an increase of 44% compared with 75.452 billion U.S. dollars in the same period last year. Net sales of products in the first quarter were 57.491 billion U.S. dollars, higher than 41.841 billion U.S. dollars in the same period last year.
5. South Korea's exports record the highest quarterly data
The Korea Customs Service released the latest trade data for the first quarter. In the first quarter, South Korea's cumulative exports were 146.5 billion U.S. dollars, an increase of 12.5% year-on-year, setting the highest quarterly data ever. South Korea's imports totaled US$136.1 billion, a year-on-year increase of 12%. Since then, in the first quarter of this year, South Korea's total trade volume was 282.6 billion U.S. dollars, with a trade surplus of 10.4 billion U.S. dollars.