1, oil and other commodity prices stumble endlessly"
Since the beginning of this year, global economic growth is lack of power, the dollar continued high and an oversupply of market expectations and other factors influence, the international oil prices continued to decline. December 21st, the international oil price hit a new low since 2008, the London Brent oil prices fell to $36 a barrel, a record low since 2004. In addition, the London market to copper, aluminum as the representative of the basic metals prices and iron ore as the representative of the commodity prices also continued downward, in which the international market price of iron ore has fallen below $40 per ton, the lowest in nearly 10 years.
2, the Asian infrastructure investment bank was formally established
On 29 June, signed the agreement on the Asian infrastructure investment bank in Beijing, 57 intention founding member representatives attended the signing ceremony that day, 50 representatives of the government signed the agreement. China's legislature passed the agreement in early 11. December 25th, China's minister of finance Lou Jiwei announced that the Asian infrastructure investment banking agreement formally entered into force, the Asian investment bank was officially established, which marks the world's first multilateral financial institutions established by China initiative, the international economic governance system reform process has a milestone significance.
3, Volkswagen in an emissions test fraud scandal
US regulators in September announced that in the United States and the sale of part of the German Volkswagen diesel vehicle, through the installation of special equipment in the exhaust emission detection fraud to help meet the vehicle, and actual emissions of pollutants of up to the statutory standard of dozens of times. Then the European Union and the Asian countries and regions have launched a survey of the public. After the scandal, VW's share price once shrink into three. The company replaced the chief executive officer, facing potential fines, compensation, and recall costs could be as high as tens of billions of dollars.
4, "trans Pacific Partnership Agreement" negotiations reached a basic agreement
The trans Pacific Partnership Relationship Agreement (TPP) 12 negotiations in October 5 in the United States reached basic agreement, agreed to free trade, and the investment and intellectual property rights, a wide range of areas unified regulation. This means that the size of the global economy accounted for 40% of the huge economic circle will emerge as the times require. TPP's current membership includes Brunei, Chile, Singapore, New Zealand, the United States, Australia, Peru, Vietnam, Malaysia, Mexico, Canada and Japan. The agreement will need to be approved by the relevant countries to be formally implemented.
5 The wave of refugees, challenges European system stability and economic development
The United Nations High Commissioner for Refugees (UNHCR) and the international organization for migration jointly released data show that as of December 21 this year via the Mediterranean Sea and land to Europe seeking asylum and immigration total has more than 100 million. Influx of refugees, to the receiving country's infrastructure carrying capacity challenges, refugees occupy the life, education, employment, and also led to the local people's discontent. Many European countries, especially refugees into Europe's gateway countries, have increased border and immigration control
6..To promote the "ten non cooperation plan"
On 5 December, Chinese President Xi Jinping and President Jacob Zuma of South Africa jointly presided over the Johannesburg Summit of the Forum on China Africa Cooperation (FOCAC). Xi Jinping delivered a speech entitled "open a new era of win-win cooperation and common development" in the opening ceremony. Xi Jinping said that China is willing to focus on the implementation of the next three years, the ten major cooperation plan, involving industrialization, agricultural modernization, infrastructure, finance, green development, trade and investment facilitation, poverty reduction, public health, humanities, peace and security in ten areas. To ensure the smooth implementation of the plan, the Chinese side decided to provide a total of $60 billion in financial support.
7, global enterprise merger transactions innovation high
American industrial giant DuPont and Dow Chemical Company on December 11, formally announced the merger, the merged company will be named Dow DuPont, with a total market capitalization of about $130 billion, becoming the BASF's second largest chemical enterprise in the world after. Previously, America's largest drugmaker Pfizer acquisitions Irish Allergan, transaction amount is $160 billion, for the history of medicine biggest, the second largest M & A transactions. According to Dealogic's data, in 2015 the total amount of Global Corporation mergers and acquisitions of about $, more than about $in 2007, after a lapse of eight years to refresh the historical record.
8, the Paris climate change conference by global warming new agreement
Climate change conference in Paris on December 12, by a new global climate change agreement for after 2020 global action to address climate change to make arrangements. "United Nations Framework Convention on climate change," nearly 200 parties agreed to adopt the "Paris agreement". Agreement a total of 29, including the goal, mitigation, adaptation, loss of damage, capital, technology, capacity building, transparency, global inventory and other content. The agreement pointed out that the parties will strengthen the global response to climate change threats, the global average temperature is higher than the pre industrial level of control at 2 degrees Celsius, and for the temperature control in 1.5 degrees celsius. The world will be as soon as possible to achieve greenhouse gas emissions to peak, the second half of this century to achieve net zero emissions of greenhouse gases.
9, the Federal Reserve for the first time in nearly ten years to raise interest rates
16 in December, the U. S. Federal Reserve announced that will increase the federal funds rate by 25 basis points to the level of 0.25% to 0.5%, the Fed since June 2006 raised interest rates for the first time. The Fed said in a statement that the U.S. job market has improved significantly since the beginning of this year, and there is reason to believe that inflation will move towards the middle of 2%. After the interest rate hike, the Fed will continue to maintain a loose monetary policy to support the job market to further improve and allow inflation to the target value.
10 members of the WTO commitments will abolish export subsidies for agricultural products
In Nairobi, Kenya, closing World Trade Organization (WTO) the tenth ministerial meeting in December 19, after 5 days of difficult negotiations, the parties in a series of trade negotiations reached a historic achievement. The meeting finally adopted the Nairobi Ministerial Declaration on Africa and other developing countries most concerned about the agricultural export competition to reach a consensus, the first 162 members promised to abolish agricultural export subsidies, and export financing support, cotton, international food aid and other new multilateral discipline. Developed economies promised to immediately cancel most of its agricultural export subsidies, developing countries will be canceled in 2018. Roberto Azevedo, director general of the world trade organization, said the abolition of export subsidies for agricultural products was "the most important result of the World Trade Organization" in 20 years' time ".
