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Chinas Retail Recovery Still Rests on Richer Consumers
Chinese
consumers are finally starting to spend again after the
pandemic-induced slump, but the recovery is unbalanced and overly
reliant on luxury goods, with poorer Chinese still cautious.To get more
news about WikiFX, you can visit wikifx official website.
Consumption
has started to catch up to the much stronger rebound in industrial
output, with retail sales growing in August for the first time this
year. Spending on luxury goods, cars and electronics is leading the
charge, rising faster than food, clothing and other essentials.
Source: National Bureau of Statistics, China Passenger Car Association, Gaming Inspection and Coordination Bureau of Macau SAR.
Note:
All data shows % change from previous year*Feb. values show combined
Jan.-Feb. data.While the supply side of Chinas economy has shown
resilience, a strong and broad rebound in spending is needed for a more
meaningful economic recovery. Even though the virus is under control,
income and job losses due to the pandemic have made poorer Chinese
unwilling or unable to increase spending, keeping a lid on the rebound.
“Higher-income
households have probably built up savings, because of the forced
reduction in consumption during lockdown, and could now be ready for a
spending spree. It is lower-income households that face a longer slog of
normalizing their finances,” He Wei, an analyst at Gavekal Dragonomics,
said in a recent report.
What Bloombergs Economists Say...
“Consumer
confidence appears to be coming back even without a vaccine. This is
reflected in strong pickups in sales of non-essentials, such as
cosmetics and jewelry, in recent months. Improved sentiment and spending
at home in lieu of overseas trips should help support private
consumption.”Luxury spending in China will grow 20%-30% this year,
according to a report from Boston Consulting Group, but much of that
growth is going to come from consumers in the 50 largest and richest
cities. People in the other 2,206 cities bought only a quarter of all
luxury goods in April-July this year, and their spending was down 4%
compared with 2019, according to the report. One luxury where spending
hasnt rebounded is gambling in Macau, which is forecast to see an 81%
drop in revenue this year, according to Credit Suisse analysts led by
Kenneth Fong. Gaming in the city is traditionally a good indicator of
discretionary spending in China, but that came to a crashing halt in
February.
Travel is another sector where there‘s still a long way
to go to recover from the damage caused by the pandemic. Real-time data
from China’s 11-biggest cities shows that people are still somewhat wary
about going out via public transport.
Source: Weibo, data compiled
by Bloomberg. Shows seven-day moving average. 11 cities are Beijing,
Shanghai, Guangzhou, Shenzhen, Wuhan, Nanjing, Chengdu, Xi'an, Suzhou,
Zhengzhou, and Chongqing.
Korea Consumer Confidence Retreats on New Virus Wave, Curbs
Consumer
confidence in South Korea slipped for the first time in five months as a
jump in virus cases and tighter social restrictions made households
more pessimistic about the economys outlook.To get more news about WikiFX, you can visit wikifx official website.
The
consumer sentiment index fell to 79.4 in September from 88.2 the
previous month, the Bank of Korea said in a statement Friday. The 8.8
point decline was the largest since March when the country was reeling
from the first wave of the pandemic.
South Koreas economy showed
signs of recovery at the start of the quarter, but the early momentum
lost steam as daily virus case counts soared to hundreds in August.
While the government has avoided imposing an economy-wide lockdown and
instead opted for targeted restrictions, the flareup is still expected
to have a significant impact on consumption and services.
The virus
resurgence was a key factor when the central bank slashed its economic
outlook for this year to a 1.3% contraction in August, from an earlier
forecast for a 0.2% decline in May.
While South Korea has since
managed to bring down daily caseloads to a little over hundred from the
peak of more than 400 in August, health officials warn the upcoming
Chuseok holiday could reignite infections with increased gatherings.
Among
components of the headline index, households spending projections
dragged most, followed by expectations for income and their assessment
of the current state of the economy. Inflation expectations for the next
year rose 0.1 percentage point to 1.9%.
Million-Pound Home Sales Soar in U.K. as Rich Change Lifestyle
Sales
of U.K. homes costing over 1 million pounds ($1.3 million) doubled last
month, outperforming the rest of the market as wealthier buyers sought
more space following the Covid-19 lockdown.To get more news about WikiFX, you can visit wikifx official website.
Agreed
sales were 105% higher than a year earlier in August, compared to a 61%
increase in sales of less expensive properties, according to property
website Rightmove. Million-pound homes are also finding buyers 18 days
faster than in 2019.
U.K. real estate is booming after the lockdown
held back months of transactions. Demand is being further fueled by a
temporary tax reduction and the pursuit of lifestyle changes after the
pandemic.
Pricey properties outside of London are benefiting most.
Expensive homes jumped 244% in the largely rural county of Norfolk, 174%
in Wiltshire and 165% in coastal Cornwall.
“Demand in higher price
brackets is more responsive to external events,” said Tom Bill, head of
U.K. residential research at Knight Frank. “Buyers who are less
constrained by the mortgage market and negative sentiment around
unemployment and the economy have been able to act on their desire for
more space.
Confirmed Inverted H/S pattern
There is now a change of
market sentiment after strong sell rally with a text book perfect
Inverted head and shoulder pattern formation as viewed on the daily
chart and confirmed the pattern as we see market participants rally past
up the angling neckline and a retest.To get more news about WikiFX, you can visit wikifx official website.
The
upward momentum did not find quite a resistance as sellers offered
little or no push back as buyers easily breached past the 0.925 price
level handle which could have offered to some sellers ceiling level
block to place their sell limit orders.

Market
participants could playing the long shot as they probably targeting
0.94 price handle level as the main target high and 0.935 price handle
level as minor target high.
Do look for a retest of the August trading month highs as potential limit order block area.
Of course, ones discretion and risk management is advised.
Jasper
Njuguna is a self-taught discretionary financial markets trader. With
cumulative 5 years experience trading the markets and out of which, one
and a half years of that as a prop trader, trading large and mid-cap
American equities at one of the DAY TRADE THE WORLD offices.
Prior
to switching career interest to trading, I have 9 years of experience in
senior management roles driving small to large business development and
B2B relations in creating and implementing; learning & development
solutions, programs, organizational strategies & frameworks, and
blended learning approaches for companies and institutions in Africa.
Why do we need to use metal PCB?
1. Heat Dissipation
At
present, many double-sided and multi-layer PCBs are high density, high
power boards, which are difficult to dissipate heat. Conventional
substrates such as FR4 and CEM3 are poor conductors of heat, which are
insulated between layers and heat cannot be dissipated, while local
heating of electronics will result in high-temperature failure of the
components. Insulated metal substrates possess a heat dissipation
capacity 5-10 times than FR4, can solve this heat dissipation problem.To
get more news about fr4 circuit board, you can visit pcbmake official website.
2. Thermal Expansion
The
conventional printed circuit board consists of resin, reinforcing
material (such as glass fiber) and copper foil. The thermal expansion
coefficient (CTE) of the substrate is 80~90PPM/°C in the Z-axis
direction, while the CTE of copper is 16.8PPM/°C, that means the
metalized hole wall and the insulating wall of conventional PCB have a
large difference in the CTE. If the generated heat cannot be eliminated
in time, the metalized hole will be cracked by thermal expansion and
contraction, resulting in unreliable electronic equipment.
SMT
(Surface Mount Technology) makes this problem more prominent. Because
the connection is achieved by direct soldering between the metal pad and
SMD, the CTE difference of the ceramic chip (6PPM/°C) and FR4 substrate
(13-18PPM/°C) probably cause connection fracture after a long time
running.
Differences Between Metal PCB and FR4 PCB
Conductivity:
FR4 has a low thermal conductivity, typically about 0.3W, while metal
PCB has a higher thermal conductivity from 1.0W to 4.0W, the most common
being about 1.0W.
PTH for Mount: Conventional boards typically
requires PTHs to assemble DIP parts. But PTHs are not suitable for
1-sided metal PCBs, all of the components are surface mounted.
Heat
Dissipation: Heat dissipation in FR4 PCB typically involves vias for
heat transfer, which require longer drilling cycle, more extra
processes. Metal PCB provide their own heat dissipation. Via drilling,
deposition, and plating processes are eliminated.
Solder Mask:
Conventional PCB solder mask is usually
green/red/blue/white/black/Orange... Usually applied to the top and
bottom. Metal PCB solder mask is almost entirely white for LED boards.
Applied only to the top.
Thickness: Conventional PCB such as FR4
is available in a variety of thicknesses and can be selected using a
variety of material combinations and layers. The thickness variation of
the Metal PCB is limited by the thickness of the insulated metal
substrate.
Machining Process: Metal PCB uses the same standard
machining methods with FR4 PCB, except that V-groove must use
diamond-coated saw blades for the added strain from cutting into metal.
Endicott Interconnect Re-Engages PCB QTA Operations
In
order to achieve our goal of further enhancing the service levels from
our established PCB operations, we have retooled our QTA operations to
further reduce fabrication cycle times at our Endicott, NY, facility.To
get more news about Isola 370HR PCB, you can visit pcbmake official website.
The
QTA operation builds advanced technology, high-performance and high
reliability products with expedited cycle times for both existing and
prospective customers. We are also dedicating new-product introduction
resources to reduce lead times for products in the last stages of
development and early stages of production. Our customers will benefit
by getting products to market more quickly.
What Sets EI QTA Apart From the Competition?
• On-site laminate manufacturing
• PCB design services
• Volume Manufacturing capabilities
• PCB assembly capability
• Variety of laminate materials on hand (Megtron 4 & 6, Isola 370HR, High Tg FR4)
• A strong team of scientists, engineers and innovators
• A company at the forefront of continual technology advancement
For more information visit our QTA/PCB Fabrication webpage or fill out a contact us form.
Bromine and Chlorine Free Printed Circuit Boards (PCBs)
Nan
Ya and Indium both surmounted numerous obstacles to achieve their
ultimate successes in producing bromine and chlorine-free materials for
use in printed circuit boards (PCBs). Nan Ya is the world’s largest
supplier of the rigid laminates used to connect PCBs’ insulating layers,
and it was one of the first to produce halogen-free laminates that
performed as well as the halogen-containing FR- 4 industry standard.
Indium developed a new halogen-free solder paste that negates the need
for intentionally added bromine and chlorine.To get more news about Halogen Free PCB, you can visit pcbmake official website.
This section lists some of the chemical compounds commonly used in PCB manufacturing and how they affect human life.
Copper
chloride:This chemical is used as an etching solution in PCBs.When a
person rubs his eyes after touching it,copper chloride can cause severe
eye irritation.
Zinc chloride:Zinc chloride is used as a flux in
printed circuit boards.This chemical can cause eye problems,breathing
problems,and may affect the heart and lungs.If a person inhales zinc
chloride,it may cause pulmonary edema and severe stomach problems.
Cobalt
sulfamate: Cobalt sulfamate is used for electrolytic plating of
PCBs.This plating agent can cause skin and eye irritation.
Bromine:
Bromine is used as a flame retardant for PCBs.High levels of bromine
can cause skin irritation,burns,dizziness and headaches.
Chlorine:
Various chlorine-based materials are used in PCB manufacturing.Regular
exposure to this chemical can cause tearing, nausea, headache, skin
irritation, burns and dizziness.Furthermore,the handling of bromine,
chlorine or halogen PCBs becomes difficult because they generate toxic
fumes when burned.
Lead: Lead is used as a flux in PCBs.
Tin-lead is used to prevent oxidation in copper circuits.Lead produces
toxic fumes during the soldering process and can cause breathing
problems and other serious health problems.
Do Romance Novels Offer an Outdated Model of Feminism?
am
one among a relatively small number of men who for some time have been
fascinated by romance novels. As is well known, romance novels are among
the most popular genres in contemporary literature. The field
represents a vast market, likely to have substantially grown over the
past several months as a result of COVID-19. Amazon has certainly
provided a major boost to romance writers, offering them a popular
platform to market themselves and their creations.To get more news about
Romance Novel, you can visit freewebnovel official website.
Unlike
in the past, the large majority of contemporary romance novels promote a
very progressive view of women and their role in society. Jessica
Peterson, the author of the successful Charleston Heat series, has gone
as far as to claim that the romance genre is feminist: “Romance is one
of the few genres that explicitly puts a woman’s dreams and desires,
sexual and otherwise, front and center. It’s one of the many reasons I
love reading it.”
The notion that romance novels propagate an
image of women largely in tune with current-day feminism is still
somewhat controversial. Yet it has found growing support. As early as
2013, an article in The Atlantic endeavored to show “how romance novels
came to embrace feminism.” A few years later, the author of an article
on the genre in the online women’s magazine Bustle characterized romance
novels as some of the perhaps “most rebellious books you can read right
now.” Romance novels, she affirmed, are “practically the only books in
which women get exactly what they want, all of the time, and aren’t
asked to feel bad about it.”
In some cases, romance novels can be
outright subversive. Take, for instance, Aya de León, the Puerto Rican
American author of the Justice Hustlers series — “erotic thrillers” with
covers “featuring buxom women in tight, revealing clothes.” Yet once
lured, the reader is confronted with a story that, as Side Chick
Nation’s review on Goodreads explains, “explores how climate change,
colonization and a lack of appropriate response on the part of the US
government played a major role in the delayed recovery in Puerto Rico in
the aftermath of Hurricane Maria.”
To be sure, de León’s books
are particularly aimed at raising readers’ consciousness. After all, the
author is a lecturer in the African American program at UC Berkeley.
Yet even more mainstream, commercially successful romance writers
routinely weave uncomfortable topics into their narratives, such as
violence against women, rape, sexual and occupational harassment,
cheating, miscarriage — the list goes on. I
n fact, on Goodreads,
reviewers routinely provide “trigger warnings” to unsuspecting readers
who might be offended by cheating, unprotected sex, explicit sex in
general (good Christian appropriate novels without sex scenes are
referred to as “clean” as if sex was something “dirty”) — again, the
list goes on. In any case, it is a fact that contemporary romance novels
are a far cry from what the genre used to be in the past, one that
promoted traditional gender roles, the stereotypical world of hospitals
with shy, beautiful nurses waiting to be scooped up by a dishy chief
surgeon.
Today’s female protagonists of romance novels tend to be
strong, determined and, most important of all, refuse to take shit from
men. They are strong enough to overcome hardship, excel in their chosen
professions and fight hard to get what they want — including a partner
for life. Arguably most important of all, today’s rom-com heroines are
in charge of their own sexuality and, equally important, deserving to
get full sexual satisfaction.
Best romance novels of 2020
In addition to comfy pants and
my dishwasher, reading romance got me through 2020. These stories will
get you through the holidays and the last nine decades of 2020. Here’s
to a brighter 2021 for all of us.
Pick this up for Selenka, the pack
alpha who finds an instant mating bond with Ethan. Stay for the
emotional beauty of their intimacy, plus a mystery plot that does not
slow down. You can start this series here if you wish, but all the books
in the Psy-Changeling universe are worth disappearing into.To get more
news about Romance Novel, you can visit freewebnovel official website.
This
England-set comedy features a fake relationship between opposites
Oliver, a neat and emotionally tidy barrister, and witty narrator Luc.
When Luc’s work for a nonprofit is endangered by accidental public
embarrassment, the pretend relationship works to his advantage and to
Oliver’s, who needs a plus-one for a family event. Their
slowest-of-burns romance is gentle, balanced by poignant moments and
guffawingly funny dialogue.
Widowed printer Agatha discovers a colony
of bees residing amid old printing plates and asks Penelope, a local
beekeeper, to help her move them to a better home. Surprised by the
depth of their friendship and their attraction, Penelope and Agatha
begin to carefully build their connection, echoing the deliberate
precision of bees constructing a hive, including the sweetness at the
end.
Chloe, a perfectionist who someday might check off the last item
on her to-do list, is determined to resist gentle, charming Jeremy, who
adores her and wants to marry her. Sounds simple, but it’s not. Milan’s
specialty is writing complex, layered stories that blend family, food
and history, featuring lovely, nuanced characters. This historical
romance is a warm friends-to-lovers comfort read you’ll savor
repeatedly.
Warrior Maddek captures Yvenne, physically weak but
intellectually ruthless, and their resulting political marriage allows
both of them the most bloodthirsty revenge. In the sequel, exiled Lizzan
forms a painful alliance with her former best friend and lover Aerax,
the person responsible for her banishment. If you savor ferocious
romance and fantasy, these will keep you happy for many pages.
The
latest book in the intricate Lotus Palace Mystery series features wildly
intelligent Lady Bai, accustomed to being overlooked and undervalued,
who sneaks out to assist her brother’s inquiries into a murder and
conspiracy. Continuing her acquaintance with Gao, a cunning gang
enforcer who yearns for her, is just part of the investigation (no, it
isn’t).
Seraphina is a “rakess”: sexually forthright, dedicated to
advancing the rights of women and determined to write her memoirs,
though revisiting her history is painful. She begins a liaison with
single father Adam, who has avoided physical intimacy for a host of
reasons, and whose career depends on support from conservative men who
abhor women like Seraphina. Inverting historical tropes and archetypes,
the story offers comedy and catharsis, and ends with a
happily-ever-after so perfect it will make you return immediately to
page one.