July 27 Trade Risk Alert
Release time:
2020-07-27 17:48
Source:
Airlines around the world employ about 400000 people or face losing their jobs.According to data released by Bloomberg, about 400000 employees at airlines around the world have been fired, left without pay or told they may lose their jobs as a result of the outbreak. In its forecast released in April this year, IATA said that about 65.5 million people worldwide depend on the aviation industry for their livelihoods, including travel and tourism, of which 2.7 million are workers.MakePostByThe airline provides. IATA predicts that 25 million jobs in the global aviation and related industries will be threatened if the strict travel restrictions continue for three months. (Beijing News)
The World Bank says Latin America's unemployment rate may reach 25 million in 2020.WorldBankSupervisorVice President for Latin American Affairs Carlos Filipe Jaramillo said recently that Latin America and the Caribbean will be affected by the new coronary pneumonia epidemic in 2020.UnemploymentPopulation or up to 25 million people. Jaramillo said that as the region's mainEmploymentProvider'ssmall and medium-sized enterprisesIn the outbreak suffered a serious impact, a large numberCompanyClosure directly causedUnemployment RateRising. (CCTV News)
Mexico will produce or reduce 900000 light vehicles in 2020.Mexico's "Economist" reported on July 24, according to IHS MarkitThe head of Mexico's light vehicle production department, an advisory body, said that due to the epidemic, the total production of light vehicles in Mexico this year is expected to be 2.9 million, 900000 fewer than 3.8 million in 2019, and it will take at least six years for Mexico to return to its original production level. The epidemic has not only led to a decrease in Mexico's auto exports to the United States, but also brought challenges to Mexico's auto assembly under the US-Mexico-Canada Agreement. After the agreement came into effect on July 1, the proportion of raw materials for automobiles produced in North America has increased from 62.5 per cent to 66 per cent, and the cost of ink production has increased by 4 per cent to 7 per cent, but only 1 per cent to 2 per cent can be borne by consumers. (Ministry of Commerce website)
Mexico's economic activity index shrank 22.7 percent year-on-year in May. Mexico to the report,According to statistics from Mexico's National Bureau of Statistics, Mexico's economic activity index fell 22.7 percent in May from a year earlier, the biggest decline since 1994, down 2.6 percent from the previous month, and shrinking for the fourth consecutive month. The main reason was that the government's home quarantine measures for epidemic prevention led to a near-stagnation in industrial and service industry activities. Among them, the GDP of the construction industry decreased by 34.2 percent year-on-year and 5.2 percent month-on-month. (Ministry of Commerce website)
Peru's country risk index remains the lowest in the region.The latest data from JPMorgan Chase show that Peru's country risk index rose two basis points to 1.47, but it is still the lowest in the region. The other two in the top three are Colombia and Mexico, with indices of 2.97 and 3.10 respectively. (Ministry of Commerce website)
Many European countries have tightened prevention and control measures to deal with the rebound of the outbreak.According to the latest data released by the World Health Organization on the afternoon of the 23rd, there were 22909 new confirmed cases of new crowns in Europe in the previous 24 hours, and the number rose for the fourth consecutive day. The cumulative number of confirmed cases of new crowns in Europe has reached 3147860. In response to the rebound in the outbreak, many European countries have tightened prevention and control measures. (Xinhua)
German officials have warned that a second wave of the outbreak in Germany has arrived.Michael, governor of the eastern German state of Saxony·Kretschmer warned on the 25th that the second wave of the new coronavirus outbreak in Germany has broken out. For the second day in a row, the German disease control agency reported about 800 new confirmed cases of new crowns, significantly exceeding the previously maintained daily increase of 500 cases. (Xinhua)
Russian epidemic prevention measures or will be fully lifted in February next year.People's Daily Online, Moscow, July 24, according to RIA Novosti on the 24th, Russian Health Minister Murashko said on the same day that all restrictions on the prevention and control of the new crown epidemic in Russia may be fully lifted in February 2021. (People's Network)
Iran's trade with the EU fell by 6.5 percent.The Financial Tribune reported on July 22 that the latest data provided by Eurostat showed that from January to May 2020, the trade volume between Iran and EU member states was 1.83 billion billion euros, down 6.49 percent from the same period last year. During the period, Iran's exports to the EU amounted to 0.27699 billion euros and imports to 1.55 billion euros, down 3.43 per cent and 7.02 per cent respectively. (Ministry of Commerce website)
Emirates will resume the Dubai-Guangzhou route from the 25th.The reporter learned from Baiyun Airport on the 24th that Emirates will resume regular passenger service from Dubai to Guangzhou from July 25, operating one flight every Saturday, using Boeing 777-300ER passenger aircraft. The first flight EK362 to resume operation is expected to take off from Dubai International Airport at 04:20 Dubai time on July 25 (Saturday) and land at Guangzhou Baiyun Airport at 15:45 local time. Return flight EK363 is scheduled to depart from Guangzhou at 18:30 and arrive at Dubai International Airport at 22:20 Dubai time. It is reported that passengers can visit the Emirates official website (www.emirates.cn) for more information. (Information Times)
South Africa cut interest rates by another 0.25 per cent, and the outbreak hit the economy hard and suppressed inflation.South Africa's central bank cut interest rates by a further 0.25 per cent and its benchmark interest rate fell to a record low of 3.5 per cent. South Africa's central bank has cut interest rates by 2.75 per cent so far this year. The central bank chief said the new pneumonia epidemic hit the economy and depressed inflation, and it is estimated that inflation will be well below the middle of the target range this year. (Caihua News Agency)
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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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