China's Manufacturing Recovery Could Boost Global Growth.

China's manufacturing index saw a second consecutive month of growth in November, suggesting that the government's stimulus measures are starting to have an impact. The manufacturing purchasing managers' index (PMI) reached 50.3, representing the highest level observed in the past seven months and exceeding the projected 50.2. This expansion was driven by an increase in new orders, which rose for the first time in seven months. However, new export orders continued to decline for the seventh consecutive month. The positive PMI readings indicate that the stimulus measures are improving sentiment in China's manufacturing sector, which has been depressed due to falling prices and reduced orders. Despite the recent improvement, the threat of new tariffs from the US could pose challenges to China's industrial sector in the coming year and dampen optimism in the manufacturing sector.

Dampak Stimulus Mulai Terlihat, Indeks PMI Manufaktur China Lanjutkan Pemulihan

US Tariffs Could Disrupt Global Solar Supply Chain.

The United States has announced the implementation of new tariffs on solar panel imports from Malaysia, Cambodia, Vietnam, and Thailand. The decision was made in response to concerns raised by American producers, who asserted that these countries were entering the market with low-cost products. This is the second decision by President Joe Biden's Commerce Department this year, resulting from trade cases initiated by South Korea's Hanwha Qcells, Arizona-based First Solar Inc., and other solar manufacturing companies seeking to protect their investments. The American Alliance for Solar Manufacturing Trade Committee has accused major Chinese solar panel manufacturers operating in Southeast Asia of reducing global prices through product dumping. The US Department of Commerce has determined that dumping duties ranging from 21.31% to 271.2% are appropriate for solar cells imported from these four countries. Dumping is defined as the sale of a product below its cost of production.

AS Terapkan Tarif Impor Baru untuk Produk Panel Surya dari Asia Tenggara

Trump's Re-election: Global Economic Challenges Ahead.

Bank Indonesia (BI) has indicated that the global economy will encounter obstacles as a result of Donald Trump's re-election as US President in 2024. Trump's policies, which prioritize the benefits of the United States, such as high trade tariffs, will have an impact on the global supply chain. BI Governor Perry Warjiyo anticipates that Trump's "America First" policy will bring about rapid changes to the geopolitical landscape and the world economy. BI has identified five economic challenges that warrant close monitoring: slower and divergent growth, the reemergence of inflationary pressure, uncertainty in the Federal Reserve's interest rate policy, financial market instability, and geopolitical tensions. Despite a projected deceleration in global economic growth, the United States and China are anticipated to demonstrate resilience and growth. Additionally, Indonesia's economy is projected to demonstrate signs of growth. Additionally, the decline in global inflation may decelerate, creating potential inflationary pressure. Warjiyo anticipates a decline in the Federal Reserve's interest rates, but a reduction in the US Treasury yield.

Trump Terpilih Jadi Presiden AS, Ini Ancaman Bagi Perekonomian Global