Why consider investing in emerging market local debt?
Discover why emerging market local debt can potentially outperform over the next couple years after the asset class sold off in 2022. Find out more.
6 March 2023
Article
Is Santa’s factory still in Lapland?
22 December 2021
Warsaw, Poland
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.
Figure 1. Top exporters of Christmas decorations and Christmas tree lights in 2020 (USD, millions)
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.
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Investment risks
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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.
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