September 3 trade risk tips
Release time:
2020-09-03 17:05
Source:
U.S. government debt is about to exceed the size of its economy for the first time since World War II.On September 2, local time, the U.S. Congressional Budget Office predicted that federal debt held by the public will reach or exceed U.S. gross domestic product in the next fiscal year starting on October 1, which will plunge the United States into a debt crisis. Total debt exceeds the size of its own economy, which means that the United States will join countries such as Japan, Italy, and Greece that are indebted to the economy. The Congressional Budget Office said that the total debt in fiscal year 2020 has reached 98% of the economy, the highest level since World War II. The last time U.S. debt levels exceeded economic output was in 1946, when it reached 106 percent. (CCTV Network)
80% of Italy's people continue to spread.According to the European Network, citing the European Union News Agency, a recent poll released by the European Union's demos policy research agency and the Italian Unipolis Foundation showed that 82% of Italian respondents expressed support for the government's epidemic prevention policy and expressed concern about the harm caused by the new coronary pneumonia epidemic. He also hoped that the government would take more stringent measures to prevent the epidemic. (bright net)
Greece is facing a second wave of new crown outbreaks.On the evening of September 1, local time, the Greek National Public Health Organization announced that there had been 207 new confirmed cases of new coronary pneumonia in Greece in the past 24 hours, 20 of which were imported from abroad, according to the Greek Times. A professor of infectious diseases at the University of Athens in Greece said that Greece is facing the second wave of the epidemic, which may reach its peak at the end of November and early December. (bright net)
The UK's July store vacancy rate hit a six-and-a-half-year high.9On March 3, a survey by research institute Springboard showed that the vacancy rate of stores in the UK rose to more than 10% in July, a six-and-a-half-year high, reflecting the recent widespread closure wave caused by the new pneumonia epidemic. The Springboard survey showed that the vacancy rate in stores rose to 10.8 percent in July from 9.8 percent in January, the highest since January 2014, with all physical retailing except food affected by the epidemic prevention lockdown. The agency pointed out that in 6 of the 10 regions, the vacancy rate of shops increased. Among them, the vacancy rate of shops in Greater London increased by nearly 2/3, which was much higher than that in other regions. The agency also said that although the number of buyers increased for the third consecutive month in August, it still decreased by 30.8 per cent year-on-year. (Viewpoint Real Estate Network)
South Korea oil commune is heavily indebted and plans to reassess existing assets.Yonhap News Agency reported on September 3 that the South Korea Public Agency Business Information Disclosure System revealed on the 3rd that the South Korea Petroleum Corporation decided to reassess the value of the 10.227 million square meters of land owned by the commune and issued a labor service announcement. Debt-ridden South Korea oil communes and mineral resource communes began to reassess the value of their assets. (Ministry of Commerce website)
The outbreak hit 6 million jobs in Iraq.Iran's Financial Tribune reported on August 31 that the outbreak has affected 2.8 million businesses and 6 million jobs in Iran, according to Awaji, director of policy development and employment at the Ministry of Cooperation, Labor and Social Welfare. The ministry's early projections indicate that the number of jobs at risk is about one million, most of which are people in industries related to the Iraqi New Year holiday and the sale of goods in the spring. But since late May, the recurrence of the epidemic has been affecting businesses more and more deeply. (Ministry of Commerce website)
Malaysia extends recovery action control order until end of year.Star Island Network reported on August 31 that Malaysian Prime Minister Muhiddin announced that the recovery action control order (RMCO), which was originally scheduled to expire on August 31, will be extended to December 31. (Ministry of Commerce website)
India's GDP fell by a record amount in the second quarter of this year.According to the Times of India, data released by India's National Bureau of Statistics on August 31 showed that compared with the 3.1 per cent increase in the previous quarter (January to March), GDP fell by 23.9 per cent in the quarter from April to June, the biggest decline since the country began to release quarterly economic data in 1996. CNN noted that India, the world's fifth-largest economy, is in worse shape than previously predicted by economists and is one of the countries whose economies have been hardest hit by the epidemic. India added more than 78000 new confirmed cases on August 31, setting a new global record for new confirmed cases in a single day. The country has confirmed more than 50000 cases for more than 30 consecutive days. As of the morning of September 1, India has accumulated more than 3.62 million confirmed cases and 64000 deaths. (Pingdingshan Evening News)
Australia's GDP fell by a record 7% in the second quarter.Australia's gross domestic product (GDP) fell 7 percent in the second quarter of this year, the biggest drop since records began in 1959, according to data released by the Australian Bureau of Statistics on Tuesday. Data show that the final consumption expenditure of Australian households fell by 12.1 in the quarter, of which service expenditure fell by 17.6. The affected service industries include transportation, vehicle and hotel operations, cafes and restaurants. Australia's GDP fell by 0.3 in the first quarter of this year. This means that the Australian economy has experienced two consecutive quarters of negative growth, which meets the definition of a technical recession. The Australian Broadcasting Corporation reported that the last time Australia fell into recession was in 1991. (Economic Reference)
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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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