April 23 Trade Risk Alert


       President Trump signed an executive order restricting immigration.People's Daily Online Washington On April 22, US President Trump signed an executive order at the White House to suspend the issuance of green cards. The initial validity of the executive order is 60 days and can be "extended according to economic conditions". Trump also revealed that he was evaluating the second, more stringent immigration executive order, but declined to give more details. (People's Network)
 Compulsory quarantine measures have severely impacted the Bogota trade industry in Colombia.On April 21, Colombia's Securities News reported that a sample survey conducted by the National Federation of Businessmen in Colombia showed that 24% of the business practitioners in the capital Bogota are considering permanent closure under the situation that the epidemic has led to the continuous extension of compulsory quarantine measures. 91% of the interviewees said they could support their operations for up to one and a half months. 77% of the interviewees said their turnover fell by 81%-100 and their income fell by more than 60% during the quarantine. Most merchants take employee holidays, telecommuting and other ways to deal with isolation, and 36% of merchants expand online platforms to attract business. 56% of the respondents said they were aware of government assistance measures, but 85% of the respondents said they had not received any form of support including credit, consultation and training. (Ministry of Commerce website)
       The Costa Rican port closure will be extended until May 15.On April 20, "Costa Rica Today" reported that the closure of border crossings in Costa Rica will be extended to May 15, during which only Costa Rican nationals and foreigners with Costa Rican residents who left the country before the declaration of a state of emergency will be allowed to enter the country. (Ministry of Commerce website)
The outbreak has had multiple impacts on the Russian economy. The International Monetary Fund (IMF) recently released its new World Economic Outlook report, predicting that the Russian economy will shrink by 5.5 in 2020 and the unemployment rate will increase from 4.6 in 2019 to 4.9. A recent survey of 19 Russian economists by the Development Center of the Russian Higher School of Economics shows that the Russian economy is expected to shrink by about 2% this year. (Xinhua)
      Hungary's GKI economic research company says unemployment will expand in the future.According to a survey conducted by the Hungarian GKI Economic Research Company, the compulsory leave and layoffs of Hungarian companies will expand in the next three months. In the past month, companies with more than 5 employees laid off 5-60000 people, and 9-100000 people will be unemployed in the future. The GKI analysis said that in the absence of rapid and extensive government assistance measures, the Hungarian unemployment rate may reach 10%. (Ministry of Commerce)
75 per cent of the large and medium-sized enterprises monitored by Bulgarian trade unions have been hit by the crisis. The Baotong News Agency reported on April 22 that 75% of the large and medium-sized enterprises monitored by the Baotong Union were hit by the epidemic crisis. According to the report, so far, 86 of the 114 large and medium-sized enterprises (with 46,245 employees) monitored by the Confederation of Independent Trade Unions of Bulgaria (CITUB) have been affected by the crisis, accounting for 75%. The analysis shows that the catering and hotel industries are the most affected, followed by water companies, light industry, automobile production, domestic transportation and processing industries, with 13% of companies experiencing layoffs. (Ministry of Commerce)
       780000 jobs were lost during the outbreak in Australia.On April 21, Australian Bureau of Statistics data showed that between March 14 and April 4, the number of jobs recorded by the Australian Taxation Office payroll system fell by 6%, and total corporate payroll fell by 6.7. Official data show that Australia lost about 780000 jobs between mid-March and early April as a large part of the economy was shut down in the new coronavirus outbreak, which foreshadows a sharp rise in unemployment in the coming months. (Sina Finance)
       Australia plans to establish a strategic fuel reserve, involving A $99.4 million.Australian Energy Minister Taylor said at a press conference today (22nd) that Australia will take advantage of the opportunity of oil prices to fall to historical lows to establish strategic fuel reserves and store the reserves in the United States. The Australian Government will allocate A $94 million million as a start-up fund for the establishment of reserves, which will not be deposited back home until the reserve facility is completed in the long run. (Economic China Station)
 

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.

Submission

Other dynamics


Warmly congratulate Laizhou Sanli Auto Parts Co., Ltd. on the official launch of the new version of the official website!

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.


Trade risk tips:

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.


Trade Risk Alert

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.


Trade risk tips:

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.


Trade Risk Alert

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.


Trade Risk Alert

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.