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Do you know global economic growth is expected to reach about 5.6% in 2021, the fastest growth rate in nearly 50 years? Do you want to know the news in the world? Kind check the CFM’s news today.

1. Us: in June, CPI rose 5.4% from a year earlier, the highest level since August 2008, with an expected 4.9% and a previous value of 5.0%. CPI rose 0.9 per cent month-on-month in June, the highest since June 2008, while core CPI rose 4.5 per cent from a year earlier, the highest level since 1991.

2. The cost of international grain transportation has doubled compared with the same period last year. As of July 9, the international freight rate for importing US soybeans was 81 US dollars per ton, the highest since the international financial crisis and an increase of 108 percent over the same period last year. Since August last year, food prices have started to rise, and the rise in sea freight rates has played a supporting role, but it is not a key factor affecting food prices. Under the background of weakening other favorable factors, international food prices may fluctuate at a high level in the second half of the year.

3. Japanese Environment Minister Junichiro Koizumi said the potted plant at the prime minister’s official residence was contaminated with Fukushima soil. The Japanese government has tried to prove that the contaminated soil is “safe”, but people have been strongly skeptical that few people are willing to use the contaminated soil in their living areas. It is reported that contaminated soil that has undergone decontamination operations is kept in storage institutions in Fukushima Prefecture, and the law requires it to be transported outside Fukushima Prefecture for final treatment by 2045. Although the Ministry of the Environment has issued regulations on the use of soil with low concentration of radioactive substances in construction, but the relevant work is not progressing smoothly.

4. Un Secretary General Guterres: to achieve global mass immunization and end the COVID-19 epidemic, another 11 billion doses of vaccine are needed to vaccinate people in 70% of the world. The world needs a global COVID-19 vaccination programme to at least double vaccine production and ensure fair distribution of vaccines.

5. [Labor Department] the U.S. consumer price index (CPI) rose 0.9% in June from a month earlier, the biggest month-on-month increase since June 2008, indicating that rising costs continue to exacerbate inflationary pressures. Us CPI rose 5.4 per cent in June from a year earlier, and core CPI rose 4.5 per cent year-on-year, excluding volatile food and energy prices, the biggest year-on-year increase since November 1991.

6. SEMI: global sales of semiconductor manufacturing equipment are expected to reach US $95.3 billion this year, which will set a record high. In 2022, there is a chance to further break through the US $100 billion mark and set a new high. Of these, sales, including wafer processing, fab facilities and mask equipment, will reach US $81.7 billion this year, an annual increase of 34 per cent.

7. [ECB] the Digital Euro project will enter a 24-month investigation phase. No technical obstacles have been found in the initial pilot phase, and future decisions on whether to issue digital euros will not be concluded in advance at this stage. In any case, the digital euro will supplement rather than replace cash.

8. On July 14, the National Day of France, large-scale anti-vaccine protests broke out in many parts of the country. On the 12th, Macron announced that from August onwards, people can only enter bars, restaurants and shops with vaccination certificates. All doctors and nurses must be vaccinated before September 15, otherwise they will not be able to continue to work or receive wages. The protesters criticized the policy as “discriminating against people who are not vaccinated”. Reported that a total of about 20,000 people participated in the protest.

9. World Bank: global economic growth is expected to reach about 5.6% in 2021, the fastest growth rate in nearly 50 years and the largest post-recession growth rate in nearly 80 years. Global economic growth is expected to remain strong in 2022, but the momentum of economic recovery is uneven. Experts say the vaccine is one of the important reasons for the uneven economic recovery.


Post time: Jul-16-2021

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