Bank of Korea maintains loose monetary policy in 2021

The Bank of Korea foretells the tone of loose monetary policy and lists asset price increases and private credit as risk factors. The Bank of Korea released a report on the 25th entitled “The Implementation Direction of Monetary Credit Policy…

EU and UK reach a post-Brexit trade agreement

According to European media, the EU and the United Kingdom reached a post-Brexit trade agreement on the 24th. After the two parties reached an agreement, the President of the European Commission von der Lein quoted the famous British poet Shakespeare…

EU and the UK will reach a Brexit deal

European Union officials said that the U.K. and the European Union were closing in on a post-Brexit trade accord, with one official saying the negotiations were now in the “end phase.” The two negotiating teams continued talks Wednesday in Brussels,…

World Bank: China’s economy may achieve 7.9% growth in 2021

The “China Economic Bulletin: From Recovery to Rebalancing” released by the World Bank on the 23rd predicts that China’s economic growth rate may slow to 2% this year, but it is expected to rebound to 7.9% next year. The above-mentioned…

India turns to Africa to make up for RCEP losses

Why does India not join the RCEP (Regional Comprehensive Economic Partnership Agreement)? In November this year, after the signing of the RCEP, which lasted for eight years, this huge question mark has not disappeared. From the prime minister, foreign ministers…

The new WTO Director-General will be elected in 2021

The WTO has notified its member states that the board meeting on the 16th to 17th will not include the election of the next director-general as an issue. It is a foregone conclusion to leave it to the conclusion next…

The EU will approve the first new crown vaccine within a week

European Commission President Von der Lein said that the EU will approve the first new crown vaccine within a week, and vaccination can start immediately. Von der Lein said at a plenary session of the European Parliament: “The first vaccine…

Japan may amend the law to strengthen the import control of imitations

The Japan Patent Office decided on the 16th that in order to strengthen the control on the import of counterfeit brand-name products and other imitation products, it will start to discuss the revision of the “Trademark Law” and the “Artisan…

RCEP enjoys preferential tariffs, why value the product “ID card”?

Products to enjoy tariff preferences must meet the rules of origin. One of the most important breakthroughs of RCEP is to coordinate the quite different rules of origin in ASEAN’s existing trade agreements, and set the “regional accumulation principle”. Shen…

China November foreign exchange reserves increase more than expected

China foreign-exchange reserves increased more than expected in November, according to official data released Monday. The country’s hoard of foreign exchange rose by $51.51 billion to $3.178 trillion at the end of November, according to data released by the People’s…