China's foreign trade hits record high; Italian budget bill
China's foreign trade hits record high; Italian budget bill
The scale of China's foreign trade is expected to reach US$6 trillion
Recently, the Ministry of Commerce stated that the scale of China's foreign trade will reach a new level in 2021. China's imports and exports of goods for the whole year will reach 6 trillion U.S. dollars, an increase of more than 20%, and will exceed the "two trillion" U.S. dollar mark. Among them, the international market share of exports and imports in the first three quarters reached 15% and 12.1%, setting new record highs.
| Foreign Chieftain Comments: Strong exports are the support of the renminbi.
Italy passes a 32 billion euro budget bill
A few days ago, the Italian House of Representatives passed the 2022 budget bill. The 32 billion euro budget covers pensions, national subsidies, tax cuts and tax cuts and other measures. Among them, in response to health and medical emergencies, Italy will allocate 1.8 billion euros for the purchase of new crown vaccines and drugs.
| Foreign Chieftain Comments: The new Prime Minister gave a gift as soon as he came to power.
Indonesia suddenly announced the cessation of coal exports
The Indonesian government suddenly announced that in order to alleviate the shortage of domestic coal supply, it will stop coal exports from January 1 to January 31, 2022, in order to avoid insufficient power supply in the country. Indonesia is the world's largest exporter of coal for power generation and China's largest source of coal imports.
