emerging countries 3

China-led BRICs join Iran and Saudi Arabia to strengthen their entry into Africa

China-led BRICs join Iran and Saudi Arabia to strengthen their entry into Africa Six countries, including Saudi Arabia and Iran, agreed to expand their introduction to the BRICS, a group of emerging countries, and Chinese investment in Africa increased. BRICS held in South Africa on the 24th expanded from China, Russia, India, Brazil, and South Africa to three member countries in the Middle East..

안보 2023.08.25

Overseas subsidiaries turned current account deficit, won ‘defenseless’ against ‘US interest rate of 6%’

In an economy dependent on overseas subsidiaries of chaebols as the current account deficit grows, a report titled “The yuan depreciates 5% due to a 6% increase in US interest rates” came out. In response to further rate hike remarks from the Fed chair, the UBS Maniknara Strategist report said that "the Fed's tightening towards 6% will firmly test the historic 'threshold of pain' for emerging ma..

경제 2023.03.10

Trade deficit US$29.2 billion until September, higher than Japan's import growth rate

Until September 20 of this year, the trade deficit was $29.213 billion, and securities companies estimated the average annual trade deficit this year to be $28.17 billion, a strong dollar trend, and the exchange rate was estimated at an average of 1422.7 won. From September 1 to 20, exports amounted to 32.958 billion dollars, down 8.7% from the same period of the previous year, and imports were ..

경제 2022.09.21