July 30 Trade Risk Alert
Release time:
2020-07-30 16:55
Source:
U.S. GDP in the second quarter or the largest decline in history.On the 29th local time, Federal Reserve Chairman Colin Powell warned that the new crown virus "new crown epidemic" is endangering the U.S. economic recovery, and the outlook is "extremely uncertain". The Associated Press, the New York Times reported that after the two-day Federal Reserve meeting, Powell said through an online conference that the "new crown epidemic" is jeopardizing some of the economic recovery after the decline in employment and spending since the spring of this year. For this reason, the Fed plans to keep interest rates near zero for a long time to come, while the unstable economy, affected by repeated epidemics, increases the need for Congress to continue to provide substantial financial assistance. S. Senate and House of Representatives are negotiating a new package, but it is far from reaching agreement. Senate Republicans and the White House are also proposing a plan that would provide even less help to unemployed Americans than it does now. (Overseas Network)
Brazil's soybean production in 2020/2021 is expected to reach a record high.Brazil's soybean production is expected to reach a record high of 0.12915 billion tons in 2020/21, up 3.44 percent from the previous year, as local farmers are expected to expand their crops at the fastest pace since 2014/15, the consultancy said on arcmercosul. Brazil's soybean production has surpassed that of the United States in the past two years, and its export situation is also good. As a result, the global soybean trade pattern may change irreversibly. (my agricultural products network)
Weak signs of economic recovery in the UK and the eurozone are beginning to appear.Market research firm Essence Huaimai released monthly indicators on the 24th, showing that the United Kingdom July composite purchasing managers' index (PMI) of 57.1, a new high since June 2015; euro zone countries July composite PMI of 54.8, for the first time since the outbreak of the new crown epidemic, the region's index more than 50. (People's Network)
The number of people receiving unemployment benefits in Sweden is expected to increase significantly in the autumn.Swedish television reported on July 24 that the department in charge of the Swedish unemployment benefit office predicted that more people would receive unemployment benefits this fall than during the worst of the financial crisis. According to statistics, the number of people applying for unemployment benefits in Sweden has increased by 250000 this year. More than 142000 people received unemployment benefits in June, up 60 percent from the same period in 2019. (Ministry of Commerce website)
The unemployment rate in Hungary was 4.6 per cent from April to June.7On April 29, the Hungarian Central Bureau of Statistics released data, affected by the epidemic, the average number of unemployed in Hungary in April-June this year, 214000 people, an increase of 25000, the unemployment rate of 4.6 percent. The average duration of unemployment is 8 months, and 20.9 per cent of unemployed people have been unemployed for more than one year. (Ministry of Commerce website)
Iceland delays relaxation of rally restrictions.According to the Icelandic Morning News on July 28, the Icelandic Minister of Health announced on the same day that, in view of the new coronavirus community infection in Iceland in recent days, he decided to accept the advice of epidemiologists and postpone the relaxation of the restrictions on gatherings. That is, the opening hours of restaurants and entertainment venues were originally scheduled to be relaxed from 500 to 1000 on August 4, and the opening hours of restaurants and entertainment venues were relaxed from 23: 00 to 0: 00 midnight, and the implementation was postponed from 2 weeks to August 18. (Ministry of Commerce website)
Pakistan's tax-to-GDP ratio fell to historic lows.Pakistan's "Business Record" reported on July 27 that in fiscal year 2020, Pakistan's tax revenue accounted for about 9% of GDP. If inflation, rupee depreciation and other comprehensive factors are taken into account, Pakistan's real tax revenue to GDP ratio will be less than 9%, the lowest in history. The tax-to-GDP ratios for fiscal years 2019, 2018, 2017 and 2016 were 10.1 per cent, 11.1 per cent, 10.6 per cent and 10.7 per cent, respectively. The narrow tax base and serious tax evasion are the important reasons for the shortage of tax revenue in Pakistan. In addition, the weak leadership of the Federal Tax Commission and the lack of tax policy measures have also led to the reduction of tax revenue. (Ministry of Commerce website)
Japan's export controls on South Korea 1 year South Korea's economy is less dependent on Japan.The report shows that since Japan adopted export restrictions nearly a year ago, the South Korea economy's dependence on Japanese imports has declined instead of rising. In 2019, the share of South Korea imports to Japan fell straight to single digits, accounting for only 9.5 percent of total imports, the lowest since the South Korea introduced import and export statistics in 1965. (Ministry of Commerce website)
Japan announced that foreigners with visas can re-enter the country after August 5.According to the Japan Jiji News Agency, Japan's Ministry of Foreign Affairs announced on the 29th that it will relax the entry restrictions required for the prevention and control of the epidemic. Starting from August 5, enterprises with Japanese visas and international students can re-enter Japan. The objects allowed to re-enter Japan this time refer to foreigners who left Japan before Japan adopted the "border closure" and have the qualifications to re-enter Japan. After August 5, foreigners who need to re-enter Japan need to provide a negative PCR (nucleic acid test) report within 72 hours of being tested at the location before going abroad, as well as a "confirmation of submission of relevant documents for re-entry" issued by the local Japanese embassy or consulate ". After arriving in Japan, you need to undergo PCR testing again and take 2 weeks of self-isolation. (People's Network)
Australia's FMG iron ore sales fell 1% year-on-year in April-June.7On January 30, Australian miner FMG released its quarterly report, showing that in the fourth quarter of the 2019-2020 fiscal year (April-June), the company's iron ore mining volume was 57.2 million tons, down 1% from 57.6 million tons in the same period last year. In the same period, the company shipped 47.3 million tons of iron ore, up 2% from 46.6 million tons in the same period last year. In the 2019-2020 fiscal year, FMG's iron ore mining volume was 0.204 billion tons, down 1% year-on-year; iron ore shipments were 0.178 billion tons, up 6% year-on-year. (China Coal Resources Network)
Interactive Message
If you are interested in our products, please leave your email and we will contact you as soon as possible. Thank you very much.
Other dynamics
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.
Address: Zhuqiao Town, Laizhou City, Shandong Province
Mobile phone official website