- Chinese apps are extremely popular among young Americans and four of the top five hottest apps in the US in March were developed in China.
- The success of Chinese apps is not only due to their algorithms, but also to the cutthroat competition for users in China which has given Chinese firms an edge over their Western rivals.
- Chinese firms spend lavishly to promote their apps in the US and leverage China's one billion internet users to test user preferences and optimize their AI models at home, then export the tech overseas.
- Temu, CapCut, and Shein were the top three most downloaded apps across US app stores during the first three weeks of March.
- Chinese apps have become increasingly caught in the crossfire of US-China geopolitical tension, with TikTok in particular facing the threat of a possible ban by the Biden administration citing national-security concerns.
Central banks around the world are pausing tightening campaigns as inflation eases and economies slow. Inflation-targeting regimes are keeping their own houses in order, while the US Fed's key inflation gauges fell to the slowest annual paces since late 2021.
Two massive earthquakes on Monday have devastated cities and towns across Turkey and Syria, with death toll of over 16,000. This is one of the worst natural disasters this century, alongside the 2004 Sumatran Tsunami, 2010 Haiti earthquake and 2008 Cyclone Nargis.
A raft of U.S. data and European inflation numbers will give guidance on how the world's top central banks will navigate the way ahead, including the hotly debated "no landing" scenario. Reports on U.S. durable goods orders, home prices, manufacturing and consumer confidence threaten to cement expec