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On January 30th, at a press conference held by the Ministry of Finance, Zheng Yong, Deputy Director of the Treasury Department of the Ministry of Finance, introduced that the national general public budget revenue in 2025 will be 21.6 trillion yuan, a decrease of 1.7% compared with 2024. Among them, tax revenue increased by 0.8%, showing a steady upward trend throughout the year, reflecting the continued steady and progressive development of my countrys economy; non-tax revenue decreased by 11.3%, mainly due to the increased base caused by the one-time special revenue turned over by central units in 2024.On January 30th, Kristina Clifton, Senior Economist and Senior Currency Strategist at the Commonwealth Bank of Australia, stated that the US dollar did indeed appear to rise on this news, which she believes is because the market generally perceives Warsh to be slightly less dovish than another candidate, Hassett. Therefore, todays market fluctuations are merely minor fluctuations based on this, and Warsh may be better positioned to uphold the Feds independence than some other candidates. "We havent heard much from him yet, but he has made some comments that essentially express a desire for strict adherence to the Feds responsibility to control inflation. He has also served as a Fed governor and does not support quantitative easing, so this may again indicate that he is slightly more hawkish than some other potential candidates."Germanys export price index fell 0.1% month-on-month in December, compared with 0.2% in the previous month.Germanys export price index rose 0% year-on-year in December, compared with 0.3% in the previous month.Germanys import price index fell 2.3% year-on-year in December, compared with a forecast of -2.60% and a previous reading of -1.90%.

Following an early harvest, French wine output will rise by 18%

Charlie Brooks

Oct 08, 2022 10:46

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This year's wine production in France is anticipated to surpass 44.6 million hectolitres, an 18% increase over last year's frost-damaged output, the agriculture ministry reported on Friday, as early harvesting due to a dry summer nears its conclusion.


This exceeded the ministry's September forecast of 44.0 million hectolitres and was 4% more than the average for the previous five years.


A hectolitre equals 100 liters, or about 133 wine bottles.


According to reports, the harvest in the Champagne region completed roughly 12 days earlier than the 10-year average, with the overall crop expected to nearly double from the previous year due to excellent weather.


Due to the effects of drought on grape development, spring frosts, and June hail, it was anticipated that the harvest in the Bordeaux region, which completed in late September, would be 5% below average.


The forecasted yields in the east and southwest regions of Alsace were 11% and 21% below average, respectively, due to the prolonged dry weather.

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