The foreign trade situation is grim, not just as simple as the piles of empty containers in Shanghai Port. Various data are proving that the pace of establishing an internal circulation needs to be accelerated. No wonder so much money is printed.

1. It is understood that China's foreign trade orders in the spring of 2023 fell by 40% overall, of which traditional products fell by more than 50%. Business owners continue to go abroad to grab orders or ask for orders, but the results are getting lower and lower.

2. The demand from the United States has fallen the fastest. According to data at the end of December 2022, US manufacturing orders fell by 40% year-on-year. This situation is still continuing. The European Union has replaced China as the largest source of imports for the United States. North American alliances such as Canada and Mexico have also replaced China and jumped to second place. China continues to slide and drops to third.

3. The EU's investment in Southeast Asia was 6.1 billion euros in 2019 and 26.5 billion US dollars in 2021, with strong growth. In fact, the labor-intensive supporting supply chains in ASEAN countries and countries such as Mexico have basically been formed.

4. Empty containers are not only piled up in Shanghai Port, but also in other ports. It is understood that the price of container freight between China and the United States has dropped by 80%.

5. Recently, more and more people have reported that their company's orders have suddenly been lost without any signs, and the loss rate is accelerating.

6. At present, Singapore has replaced Hong Kong as Asia's international financial center. #Ronin跨链桥安全漏洞 #MarketDownturn #BTC走势分析 #美国以太坊现货ETF开始交易