June 23 Trade Risk Alert
Release time:
2020-06-23 17:23
Source:
Chinese-American chain restaurant operators: the outbreak forced Chinese restaurants to face the challenge of transformation.According to the U.S. World Journal, the outbreak will dramatically change the dining habits of U.S. customers, many traditional indoor restaurants will be forced to transition to takeaways, marketing will be more dependent on network technology, online applications and social media than before, both a challenge and a new opportunity for restaurant owners. After the outbreak of business management costs, more stringent health standards, will incur additional costs, so that owners are overwhelmed. (China News Network)
Sweden's unemployment rate was 9% in May.According to information published on the website of Statistics Sweden on June 17, 5In January, the number of unemployed in Sweden was 497000, an increase of 110000 over the same period last year. The unemployment rate was 9%, an increase of 1.9 percentage points over the same period last year. The number of employed people was 5.023 million, down 34000 from last month. (Ministry of Commerce website)
The Eurasian Economic Union intends to implement a special licensing system for the export of sunflower seeds.Russia's Interfax news agency reported on June 17 that the Executive Committee of the Eurasian Economic Commission decidedFrom August 1 to August 31, a special licensing system will be implemented for the export of sunflower seeds, requiring exporters to issue licensing documents to the customs departments of relevant alliance member states when exporting sunflower seeds outside the alliance. Licensing documents are issued by the authorized authorities of the member states of the Union in accordance with the procedures established by national law. (Ministry of Commerce website)
Thai rice exports face price disadvantage.The Thai Rice Exporters Association (THAI RICE EXPORTERS ASSOCIATION) said Thai rice prices were 30 to 130 higher than competitors due to limited supplies and the strong baht.S. dollar, which could hurt exports. (Ministry of Commerce website)
Household and corporate debt will exceed 200 per cent of GDP in South Korea.Yonhap News Agency reported on June 21, according to the Bank for International Settlements (BIS)21The latest statistics released on the day show that, based on the fourth quarter of last year, the ratio of household credit to GDP in 43 countries around the world South Korea at 95.5 per cent, up 1.6 percentage points from the previous quarter (93.9 per cent). The increase was tied for first place with Hong Kong (1.6 per cent). The ratio of non-financial corporate credit to GDP reached 102.1 per cent, up 1 percentage point from the third quarter (101.1 per cent) and fourth behind Singapore (6.9 per cent), Chile (2.7 per cent) and Saudi Arabia (2.1 per cent). The ratio of private (household + business) credit to GDP was 197.6 per cent (household 95.5 + business 102.1), up 2.6 percentage points from the previous quarter and the third highest growth rate among 43 countries. (Yonhap)
Iran's latest inflation rate falls 2 percent.Iran's "Tehran Times" reported on June 21 that the National Statistical Center of Iran announced that as of 6On March 20, the average inflation rate for the past 12 months was 27.8 per cent, down 2 percentage points from the previous month. The Bank of Iraq announced its target for controlling inflation this year (22%) last month, and believes that based on the current country's macroeconomic situation and the policy measures that have been taken, the trend of narrowing inflation will continue. (Ministry of Commerce website)
80%Photovoltaic equipment imported to China but India wants to reduce dependence on China.According to a cable network report on June 8, India's Ministry of New Energy and Renewable Energy may clarify the basic cost of importing solar energy equipment in the next two months. The country will be expected to levy 20%-30%The measure also aims to safeguard the interests of domestic solar manufacturers. India's new energy equipment mainly relies on imports, and increases the cost of imports, which may not be conducive to the import of its own new energy equipment. In addition, Chinese products are very attractive to India. According to the data, the total value of trade between China and India in 2019 is 639.52 billion yuan, of which China's exports to India are 515.63 billion yuan. The Chinese representative also pointed out that the strengthening of cooperation between China and India is beneficial to both countries, and it is hoped that the Indian side can face this issue squarely. (Golden Ten Data)
Trade remedy investigation information.1India made a preliminary anti-dumping ruling on China-related black toner and imposed an anti-dumping duty of US $834/ton on Chinese enterprises; 2India made the third anti-dumping sunset review final ruling on China's measuring tape, imposing an anti-dumping duty of US $1.83/kg on steel tape and its components, and an anti-dumping duty of US $2.56/kg on glass fiber tape (tape measure) and its components; 3. Mexico launched the first anti-dumping sunset review investigation against China's cold-rolled steel plate; 4. Brazil made the first sunset review final ruling on China-related sodium acid pyrophosphate, anti-dumping duties of US $684.27/ton-US $1248.71/ton were imposed on Chinese enterprises; 5. The US ITC officially launched a 337 investigation on hemmed rigid plastic food trays. (Provided by Dehe Heng Law Firm)
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The company was founded in 1997, currently 4000 a variety of models of automobile brake discs. Products are mainly exported to Europe, North America, South America, Australia and other countries and regions. At present to SAIC, JAC, BYD, Jinlong, Yutong and other domestic models to provide supporting. The company's process equipment strength, Japan's new east automatic casting line 6, commercial vehicle brake disc automatic casting line 2. There are 56 processing lines -6 full-automatic one-word processing lines and 30 robot processing lines. Packaging cleaning line 5, spraying line 3.
Since the beginning of this year, the price of raw materials has risen sharply, sea freight has soared, and the difficulty of finding a box of shipping space has seriously plagued manufacturing companies. The current power curtailment has made companies even worse. Take our company as an example. Since the power limit in early September, the company's production capacity has dropped by about 50% on average every day. Exports have decreased by 0.02 billion yuan. The performance rate of orders in hand is about 50%. New orders were reduced by 10%. These data are the impact of the current power rationing on enterprises. If the power rationing situation is not alleviated, the impact on enterprises in the fourth quarter will be more serious.
Recently, Yunnan, Jiangsu, Qinghai, Ningxia, Guangxi, Guangdong, Sichuan, Henan, Chongqing, Inner Mongolia, Henan and other places have begun to carry out energy control measures to limit energy consumption.
The total power generation in 021 is not low. In the first half of the year, China's total power generation was 3871.7 billion kWh, twice that of the United States. At the same time, China's foreign trade has grown extremely fast this year. According to data recently released by the General Administration of Customs, in August, the total value of my country's foreign trade imports and exports was 3.43 trillion billion yuan, a year-on-year increase of 18.9 percent, achieving positive year-on-year growth for 15 consecutive months, further showing a steady and solid trend. In the first eight months, the total value of China's foreign trade imports and exports was 24.78 trillion billion yuan, up 23.7 percent year-on-year and 22.8 percent over the same period in 2019.
The impact of the neo-coronary pneumonia epidemic on global supply chains continues, with high international freight rates, container shortages and terminal congestion still unabated, and labor shortages exacerbating the dilemma. The outbreak of the new coronary pneumonia epidemic in 2020, due to the obstruction of international freight, soaring transportation costs, international trade in goods greatly hindered, triggering a supply chain crisis in many countries (regions), since 2021, the new coronary pneumonia virus variant strain raging, so that the supply chain has not yet fully recovered.
Statistics from the China Association of Automobile Manufacturers show that in the first seven months of 2021, China's cumulative automobile exports reached 1.002 million, an increase of 1.2 times year-on-year, but the month-on-month growth was only 9.8 percent, showing a shrinking trend. Moreover, commercial vehicle exports fell 11.6 percent month-on-month, of which new energy commercial vehicle exports fell 57.8 percent month-on-month. It is said that the main reason for the decline in automobile exports is the poor shipping channels.
Product recommend
At present, 4000 a variety of models of automobile brake discs, brake drums with an annual output of 10 million pieces. Products are mainly exported to Europe, North America, South America, Australia and other countries and regions. At present to SAIC, JAC, BYD, Jinlong, Yutong and other domestic models to provide supporting.
At present, 4000 a variety of models of automobile brake discs. Products are mainly exported to Europe, North America, South America, Australia and other countries and regions. At present to SAIC, JAC, BYD, Jinlong, Yutong and other domestic models to provide supporting.
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