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The Exchange - April 14, 2022

2022-04-14
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  • U.S. Inflation Hits Four-Decade High | With energy and food prices hiking, the U.S. annual inflation speeded up to 8.5% in March, the highest since 1981, as the Producer Price Index (PPI) jumped 11.2% in the same month, breaking a record from 2010. U.S. President Biden blamed Russia for the inflation in the U.S. and the world, as the soaring prices topped the concerns of Americans.
  • China Aims for a Unified National Market | China goes one step forward to enhance its domestic circulation by introducing a plan for a "Unified National Market" in order to cushion the impacts of external uncertainties. Commentators expect the move to improve the efficiency of the domestic supply chain and create a better business environment for companies.
  • China Sticks to Dynamic Zero-Covid | President Xi made it clear that China should stick to the dynamic zero-covid policy during his trip to Hainan, as Shanghai began to lift restrictions on its weeks-long covid lockdown due to an improved situation. Earlier this week, the U.S. State Department ordered all non-essential U.S. staff to evacuate Shanghai over safety and welfare concerns during the outbreak. The Chinese Foreign Ministry rejected the arrangement, calling it “politicization and instrumentalization” of personnel departure.

    Read the full report here.
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