US and China move closer again,China stainless steel sheets

 The United States will once again be close to China by the 17th of November 2023 after bilateral talks on the sidelines of the Asia-Pacific Economic Community (Apec) summit in San Francisco. Chinese industrial production continued to rise in October. Especially in three sectors which are growing.China stainless steel sheets

The USA and China reestablished closer ties, while Europe has fallen further behind. US policy towards Indonesia was positive, but the tone of its approach with China also softened.

Reactivating communication channels, including military ones.

The normalization of relationships is an important step forward

An important sign for the global community and the global economy. The tensions that existed between China, United States, and other countries prevented an economic rebound as swift as would have occurred if trade relations had been more open.China stainless steel sheets news

Once again, the United States of America has surpassed Europe

By establishing a more open relationship between the United States and Indonesia and a stronger relationship with China, it has once more surpassed bureaucrats from Brussels.

Thorsten Gerber, Gerber Group, commented that "while Joe Biden is engaging in turbo diplomacy, Brussels failed once again to advance."

Chinese Industrial Production continues to grow

In October 2023 the industrial production of China continued to grow. It increased by 4.6% compared to last year. It was also an increase of 4,5% compared to September and exceeded analysts' expectations.

The growth of aluminium is on the rise

Aluminum demand can provide a useful indicator for the economy. Between the beginning of November and the end of last week, aluminum billets in China have fallen as much as 7 percent. In almost every major consumption area in China the aluminium ingots also fell by as much as 7 percent.

The Growth Boom continues in October

The tech sector was the main driver of growth in October. Comparing the production of solar cells, integrated circuits and service robots to that at this time last year, they increased respectively by 62.8 percent, 59% percent and 34.5 per cent.

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