🐌 China stops moving

China wants the best of both worlds | Tyson Foods licks its lips | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for May 10th in 3:09 minutes. Today's big stories - Chinese trade barely grew in April, because of all those pesky lockdowns - Our analyst has laid out what you need to do before you rebuild your portfolio for this new market envrionment – [Read Now]( - Tyson Foods reported booming quarterly results Time Travel [Time Travel] What’s Going On Here? Fresh data out on Monday [showed]( that Chinese trade barely grew in April, as the country continues to struggle to leave the past behind. What Does This Mean? Shanghai – home to the world’s biggest shipping port – has been rocked by Covid lockdowns for five weeks now, as China scrambles to keep that airborne little minx out of circulation. And the cracks are starting to show: the value of Chinese exports shipped in April was up just 4% from the same time last year – well down on March’s 15%, and the smallest uptick since the depths of the pandemic in June 2020 ([tweet this](). To add insult to injury, domestic demand seems to be falling too: the value of imports didn’t grow at all, even as the prices of oil, metals, and other commodities have gone to the moon. Why Should I Care? The bigger picture: Snitches get stitches. Thing is, international trade is still going strong. Just look at South Korea, whose exports – a key indicator of world trade given the range of products it manufactures – climbed 13% last month from the same time last year. Analysts, then, are speculating that importers will turn away from China and instead start looking for alternatives – India and Vietnam, say. And while the Chinese government claims that production is getting back on track, the story on the ground is very different: a host of Japanese and German businesses based in the country have [said]( that their factories are either shut, or they might as well be. Zooming out: China can’t have cake, eat it too. These lockdowns are impacting China in other ways too, with data out this week showing that more than half of US companies have delayed or cut investment in their Chinese segments. What’s more, the unemployment rate just [hit]( its highest level since May 2020. So while the country’s target of 5.5% economic growth this year is its lowest in 30 years, it’s still looking more ambitious than ever. You might also like: [How to buy China’s dip.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Time Travel&utm_campaign=daily-global-10-05-2022&utm_source=email) Analyst Take If This Backdrop Has Tempted You To Rebuild Your Portfolio, Do This First… [If This Backdrop Has Tempted You To Rebuild Your Portfolio, Do This First… ]( [Photo of Reda Farran] Reda Farran, Analyst This challenging market environment may have forced you to [revisit your portfolio](. But sometimes the best thing to do is to go back to square one, especially in light of the current market volatility. And if that’s something you’re tempted to do, one of the best things you can do first is to [create an investment policy statement]( – or an IPS to its friends. Your IPS describes your investment [objectives](, sets the [guidelines]( for your investment activity, and ultimately determines [how to put together your portfolio](. So that’s today’s Insight: how to create an investment policy statement, and [how to use it to construct your portfolio](. [Read or listen to the Insight here]( SPONSORED BY LEDGER Crypto security never look so good When it comes to your digital investments, safety comes first. Of course, it’s always a bonus when safety comes wrapped in a pretty little package. Just like the nifty new [Nano S Plus](: [Ledger’s]( latest secure wallet comes with more memory, so you can manage over 5,500 digital assets and install more than 100 apps. And the [Nano S Plus]( comes with a bigger screen too, designed to make it easier than ever to verify your transactions – and boy, does it look good. Keep your assets safe in style: [check out Ledger’s Nano S Plus](. [Show Me The Wallet]( Breakfast Of Champions [Breakfast Of Champions] What’s Going On Here? Tyson Foods [reported]( better-than-expected quarterly results on Monday, as the US meat producer pursues a utopia where everyone eats protein morning, noon, and night. What Does This Mean? Tyson’s honorable mission hit a road bump last quarter: the company sold 2% less of its meat products than the same time last year, mostly because it couldn’t get hold of the workers and supplies it needed. On the other hand, that slump was more than offset by an 18% average price hike, as well as by more efficient production lines that slashed costs. That helped overall profit come in 75% higher than the same time in 2021. And since the company is confident this trend will continue, it upped its full year revenue outlook too. Why Should I Care? Zooming in: The US has beef with Tyson. Tyson’s results expose just how fast food prices are climbing, but this rising tide isn’t exactly lifting all boats: data shows that farmers’ share of the price of beef is at its lowest in decades. They blame that on the outsized influence of a few meatpackers on the industry, with companies like Tyson and Brazil’s JBS having been involved in chicken and pork price-fixing scandals in the past. And while those companies have been hit with fines worth hundreds of millions, they don’t seem to have learned their lesson: the US government’s now [looking into]( their latest round of “price gouging”. The bigger picture: Live life on the veg. Bad news for Tyson: new analysis has [shown]( that meat and plant-based alternatives now cost almost the same thing. That matters because consulting firm Kearney has previously said that the plant-based sector could grow exponentially if it can get its products prices on a par with meat prices. That might be why the sector is now [projected]( to grow 15% a year to become a $13 billion industry by 2030. You might also like: [Could lab-grown meat threaten meat producers like Tyson?]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Breakfast Of Champions&utm_campaign=daily-global-10-05-2022&utm_source=email) 💬 Quote of the day “A word after a word after a word is power.” – Margaret Atwood (a Canadian poet and novelist) [Tweet this]( SPONSORED BY LEDGER There’s nothing like the big screen If you had the choice, you’d watch your favorite movies on a private theater screen every time. Well now you can do the same with your investments: [Ledger’s]( brand new wallet – [the Nano S Plus]( – comes with a bigger screen to give you the smoothest experience possible. That souped-up screen helps you make and verify your transactions clearly and easily. That’ll come in handy when Ledger offers you over [5,500 digital assets]( to trade. And that’s not all: the new [Nano S Plus]( also comes with more memory than before, so you can install over 100 apps at the same time. Discover that big screen experience: [check out Ledger’s brand new Nano S Plus](. 🎯 On Our Radar - The art of capturing war. One French photographer has [experienced]( it all. - Nature could save America. We just need to [save nature]( first. - Dolly has a tight grip on us. How a sheep got us [obsessed with cloning](. - LA might be home to a dancing cult. Absolutely nobody’s [surprised](. - Tetris is back. And it’s all thanks to [Gen Z](. ❤️ Share with a friend Your Referrals: 0 Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. If they sign up on your unique link, you’ll earn some sweet swag. Share your unique link: [ You stay classy, {NAME} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? 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