![]() ![]() The inflation in China is on average lower than in other BRIC countries, although China enjoys higher economic growth rates. Compared to other major economies in the world, China has a moderate and stable level of inflation. The Consumer Price Index shows the price development for private expenses based on a basket of products representing the consumption of an average consumer household. The inflation rate is most commonly measured by the Consumer Price Index. The term inflation means the devaluation of money caused by a permanent increase of the price level for products such as consumer or investment goods. The annual average inflation rate in China ranged at 2.0 percent in 2022. Inflation peaked at 2.8 percent in September 2022, but has eased recently. In November 2023, the monthly inflation rate in China ranged at -0.5 percent compared to the same month in the previous year. Monthly inflation rate in China November 2023 ![]() ![]() Although the regulations are seen as progressive, they are also believed to hinder the growth of the industry. Gox and Coincheck in 20, in which crypto assets worth billions of yen were lost. This is the result of two major hacking incidents at Mt. Since then, the FSA has gradually tightened regulations. The first legal framework for the cryptocurrency industry was passed as early as 2016. Japan is not only known for its early adoption of cryptocurrency but also for being a forerunner in regulating the crypto industry. Hacking incidents have spurred tightened regulations To facilitate listings of the most common coins, such as Bitcoin and Ethereum, Japan’s self-regulatory body for the cryptocurrency industry, JVCEA, launched a green list of pre-approved tokens in 2022. Binance Japan handled the largest number of coins, followed by bitBank and BitTrade.ĭue to tight regulations regarding the launch of new cryptocurrencies, Japanese trading platforms often offer fewer coins than their international counterparts. A total of 87 different virtual coins were offered in Japan.Īround 28 cryptocurrency exchanges were registered with the Financial Services Agency (FSA), Japan’s financial market regulator. In the latest quarter, over 49 percent of the market share was held by many companies categorized as others.Ĭryptocurrencies most frequently listed on crypto exchanges in Japan 2023Īs of December 2023, transactions with Bitcoin were offered by 32 crypto-asset exchange service providers and financial instruments business operators in Japan, making it the most frequently offered coin. Yet, Apple faces tough competition from many vendors entering the market, especially from China. Apple shipped nearly 30 million units in the third quarter of 2023. The smartwatch market is a promising segment within the wearable industry, as the global smartwatch shipments increased in the last years. In 2022, Apple was the leading wearable vendor, thanks to the successful introduction of the Apple Watch to the smartwatch market. Xiaomi, a Chinese electronics company, has gained market share in 2015 and now is the third biggest wearable vendor in the world, with 7.8 percent of the market share in the most recent quarter. With a strong presence in the health and fitness wearable market, Fitbit had been a leader in the wearable industry since early 2014, when the company held about 45 percent of the market share. Wearables shipments worldwide market share 2014-2023, by vendorĪpple is establishing a solid hold on wearable device unit shipments with 20.2 percent in the third quarter of 2023, dominating the market.
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