It’s been already the end of the first quarter of the year 2022 (almost, we have one more day, practically) Let’s engrave what happened today and how impacted our daily lives.
The first thing, the Russians lied, they have not stopped attacking Ukraine people and they never retreated from Ukraine’s soils. Well, once again, totally speechless.
The second thing, the Chinese Central Bank reported its economic activities and forecast for the first quarter. They officially admit that its economics are losing momentum fast in this quarter. They were saying “Triple pressures from shrinking demand, supply chain shocks, and weakening expectations.
They also made three main factors of their slowdown
- Uncertain environment on the continuity epidemic overseas.
- Escalating geopolitical conflicts.
- Increasing domestic COVID outbreaks.
Today’s report could be the first official one that China still has COVID outbreaks and affected their economies.
Have you noticed that they have not mentioned anything about the Russian Invasion? That means the negative impacts of the war have not even started yet so the government cannot shape into the numbers form as of now.
Chinese Central bank surveyed 5,000 Chinese companies for this report and the numbers of the Domestic Order Index and Export Order Index were quite shocking.
Domestic Order Index fell to 41.4 points and Export Order Index fell to 40.9 points. Generally, under 50 points means the contractions of the economies. OK, so the Chinese are not doing well, we get it, so what?
Whether you like it or not, China is the engine of the world economy. Slowing down the engine means, slowing…