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Cake day: November 21st, 2023

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  • This is the Suez Crisis of the 21st century. Chinese companies like OOCL are unaffected by conditions in the Red Sea and are still able to freely transit, so why should China care?

    Edit: looks like in light of the US announcing Operation “Three Aircraft Carriers in the Red Sea”, Hong Kong’s OOCL and Taiwan’s Evergreen have also now suspended shipments through the Red Sea. A few days ago, they had just suspended shipments to Israel and operated as per usual.

    Truly, contributing to the security of the region by making sure that the few companies who could transit the Red Sea without being at risk are now at risk of getting caught in the crossfire.















  • In October 2023, the increase in China’s year-by-year exports to Russia was explained primarily by an increase in product exports in Computers ($226M or 108%), Telephones ($220M or 50.3%), and Cars ($134M or 142%). In October 2023, the increase in China’s year-by-year imports  from Russia was explained primarily by an increase in product imports  in Crude Petroleum ($1.74B or 69.8%), Coal Briquettes ($444M or 193%), and Refined Copper ($279M or 191%).

    In October 2023, the increase in China’s year-by-year exports to Ukraine was explained primarily by an increase in product exports in Computers ($29M or 198%), Pesticides ($25M or 59.2%), and Electric Generating Sets ($21.6M or 2.86k%). In October 2023, the decrease in China’s year-by-year imports from Ukraine was explained primarily by an decrease in product imports in Barley ($-52.5M or -73.7%), Iron Ore ($-23.6M or -7.64%), and Other Vegetable Residues ($-15.7M or -15.5%).

    China’s making a killing selling computers to both sides. Unfortunately, China’s primary export to Ukraine (telecommunications equipment) is no longer viable if Ukraine wants to receive Western funding and China’s primary imports from Ukraine (agricultural products, iron ore) aren’t exactly easy to export during wartime.