Rosy-cheeked elves are tooling away in a workshop, somewhere near the North Pole. They are working hard to provide us with the decorations that bring the spirit of Christmas into our homes.
Or so the Yuletide myth goes.
But as this chart shows, Santa’s real workshop is nowhere near Lapland. It can be found in China instead.
A city called Yiwu, located 175 miles southwest of Shanghai, manufactures many of the ornaments that adorn people’s homes at this time of year.
There’s no snow there — or magical elves — just hard-working people who see baubles and tinsel all year long.
Source: UN Comtrade Database. Accessed on 1 December 2021.
Count down to Christmas with our festive charts as we publish a new piece each day. Recognise the images that feature on our calendar windows? Each corresponds to a city where an Invesco office is based.
Interest rate hikes have been used to combat inflation in emerging markets. But will the different approaches adopted by central banks lead to opportunities?
Join us on the latest stretch of our world tour! Wim Vandenhoeck and Gerald Evelyn arrive in the Czech Republic and chat all things inflation.
We believe Asian consumer demand represents one of the most exciting consumer stories in investment history. Supported by a large population base and fast economic growth, Asia’s consumer economy is simply massive.
The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.
All data is provided as at the dates shown, sourced from Invesco unless otherwise stated.
When using an external link you will be leaving the Invesco website. Any views and opinions expressed subsequently are not those of Invesco.
This document is marketing material and is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell securities.
Where individuals or the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals, they are subject to change without notice and are not to be construed as investment advice.
