The World Cup Kicks Off in Qatar On November 20th!
Nov 28, 2022
The World Cup kicks off in Qatar on November 20th, with 32 teams competing for the World Cup. Although there is no Chinese team, there is no shortage of Chinese elements in the World Cup.
Jafar Khan, an assistant at Qatar's World Cup merchandise store, said about 60 percent of the goods in the store are made in China, especially jerseys and backpacks. The quality of Chinese goods is very good and customers like them very much.
With the exception of China, other countries have seen varying degrees of decline in manufacturing.
Vietnam's manufacturing sector expanded at a slower pace in October, with the PMI slipping to 50.6 from 52.5 in September, still in expansion territory, but new orders were on a downward trend.
India's PMI came in at 55.3 in October, up from 55.1 in September and the best reading in the region, as manufacturers anticipated better sales and increased employment and inventories.
New industrial orders in Germany fell 4.0% in September from the previous month, adjusted for seasonal and working days, due to a significant drop in new orders from abroad, the Federal statistics office showed on Thursday.
On the whole, the current global economic downward trend is basically certain, but the only uncertainty is how big the downward trend will be and how long it will last.
The combination of tightening policies to curb inflation and the impact of the ongoing pandemic and geopolitical conflicts has raised the risk of a global recession.
