July 14 Trade Risk Alert
Release time:
2020-07-14 15:50
Source:
U.S. bonds were sold off Foreign investors bucked the trend and snapped up yuan bonds.China's "debt bull" has lasted for nearly three years. However, even in May-June, when the bond market correction was the most dramatic, foreign investors increased their holdings the most, buying more and more as they fell. In addition to the consistent layout of interest rate debt varieties, foreign rarely touched credit bonds also attracted a lot of buying. (First Financial Daily)
Apple sales fell! Because OLED panel procurement is not up to standard, compensation for Samsung about $0.95 billion.7According to foreign media reports, Apple may have paid $0.95 billion in compensation to Samsung Display because it failed to buy enough OLED panels to meet the minimum requirements of the contract. (Celestial Network)
Hannover, the German convention and exhibition capital, may no longer hold international exhibitions this year.Deutsche Exhibition Company recently announced that the International Animal Husbandry Exhibition and the European Sheet Metal Processing Technology Exhibition originally scheduled for this autumn will be postponed to February and March next year respectively. (Ministry of Commerce website)
7Tallinn Airport in Estonia will open routes to 12 destinations in February.7In January, Tallinn Airport will open routes to 12 destinations, including London, Milan, Edinburgh, Malaga, Girona, Dusseldorf, Dublin, Oslo and Warsaw, with travel restrictions imposed due to the coronavirus crisis being gradually lifted and connections to major European destinations being restored. (Ministry of Commerce website)
Croatia's central bank forecasts a 9.7 per cent decline in GDP in 2020.The central bank expects gram GDP to fall by 9.7 percent in 2020 and is expected to grow by 6.2 percent in 2021, Ketong reported on July 9. (Ministry of Commerce website)
Bulgaria officially joined ERM II.On July 10, local time in Bulgaria, the European Central Bank issued a joint statement announcing that Bulgaria and Croatia have officially joined ERM. II(also known as the "Eurozone Waiting Zone"). The central banks of Bulgaria and Croatia then joined the eurozone banking union as non-eurozone central banks. (Ministry of Commerce website)
Pakistan's trade deficit declined.Pakistan's "Business Record" reported on July 13 that data from the Pakistan Bureau of Statistics showed that in fiscal year 2020, Pakistan's trade deficit was US $23.183 billion, a year-on-year decrease of 27.11; exports were US $21.387 billion, a year-on-year decrease of 6.84; imports were US $44.57 billion, a year-on-year decrease. 18.61%. Pakistan's three major export destinations are the United States, China and the United Kingdom, with exports of US $3.589 billion, US $1.535 billion and US $1.491 billion respectively. (Ministry of Commerce website)
Philippine fruit production fell in the first quarter.According to a report by the Philippine "Star" on July 10, the latest data from the Philippine Bureau of Statistics showed that the output of major fruits in the Philippines declined in the first quarter. Banana production fell by 2.4 per cent to 2.06 million tonnes. The Davao region has the highest banana production, accounting for 37 per cent of the total banana production, followed by the northern Mindanao and Nango Sukusa regions, with 25 per cent and 12 per cent, respectively. Mango production fell by 0.9 per cent to 940000 tonnes, with the highest mango production in the Iloco region accounting for 52 per cent. Four-season orange production fell 11% to 130000 tons. Pineapple production increased by only 0.8 per cent to 630000 tonnes, with more than half of total pineapple production coming from Mindanao. (Ministry of Commerce website)
The Philippines added 1.51 trillion pesos of new government debt in the first five months.According to a report in the Philippine Star (Philstar) on July 13, the latest data from the Philippine Treasury Department show that the Philippine government's new debt of 1.51 trillion pesos from January to May 2020 is nearly double the 787.13 billion pesos in the same period last year and far higher than the 1.02 trillion pesos debt for the whole of 2019. The surge in debt is mainly due to raising funds to deal with the new coronary pneumonia epidemic. Borrowings in May alone amounted to 289.82 billion pesos, up 130.73 per cent from a year earlier. (Ministry of Commerce website)
Invest nearly $11 trillion to fight the epidemic IMF: global public debt breaks record this year.Lianhe Zaobao reported on July 13 that the International Monetary Fund called on governments to be cautious about fiscal spending and warned that massive borrowing in response to the epidemic would lead to a record high global public debt this year. (Ministry of Commerce website)
Singapore: A blockchain payment network for international settlements has been developed to support multiple currencies.7Singapore has developed a blockchain-based payment network that can enable faster and cheaper international settlements, authorities said on Monday, adding that the next step is commercial rollout. (surging news)
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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.
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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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