September 11 Trade Risk Alert
Release time:
2020-09-11 14:40
Source:
The new U.S. vaccine may not be available before the election.According to Worldometer real-time statistics, as of around 6:30 Beijing time on September 10, the United States has a total of 6546726 confirmed cases of new coronary pneumonia, a total of 195148 deaths. Compared with the data at 6:30 the previous day, there were 32495 new confirmed cases and 1118 new deaths in the United States. Anthony Fauci, Director of the National Institute of Allergy and Infectious Diseases8Japan said it was unlikely that a new coronavirus vaccine would be ready before the U.S. presidential election. According to media reports, international pharmaceutical giant AstraZeneca announced the same day that it had suspended its new coronavirus vaccine trial due to an unexplained illness in one of the volunteers involved in the vaccine trial. The AstraZeneca vaccine is one of three new coronavirus vaccines in Phase III trials in the United States. (Network Integrated, National Health Commission official website)
The UK has re-tightened its outbreak control policy.As of around 6:30 on September 10, Beijing time, real-time statistics on the Worldometer website show that 48 countries and regions in Europe have reported 3907798 confirmed cases of new coronary pneumonia and 211148 deaths. The data show that the three countries with the largest cumulative number of confirmed cases in Europe are Russia, Spain and the United Kingdom. On the 9th local time, the British government announced that from September 14, except for schools, workplaces, safe weddings, funerals and organized team sports, social gatherings should not exceed 6 people. Violators can be fined £ 100. With the second peak of the epidemic looming, Health Secretary Hancock hopes the UK epidemic can be reversed before Christmas in the West in December. (Network Integrated, National Health Commission official website)
Prices in Brazil have increased by 11.39 per cent in the 12 months during the outbreak of food inflation.According to data released by Brazil's National Bureau of Geography and Statistics on the 9th, the national broad consumer price index (IPCA), which is regarded as Brazil's official inflation indicator, rose to 0.24 per cent in August, with a cumulative increase of 2.44 per cent in the last 12 months. According to the data, the inflation rate of household food increased from 0.14 per cent in July to 1.15 per cent in August, with tomatoes (12.98 per cent), soybean oil (9.48 per cent), milk (4.84 per cent), meat (3.33 per cent) and rice (3.08 per cent) increasing the price of household food by 11.39 per cent in the last 12 months. (International online website)
Canada's economy fell 38.7 percent in the second quarter.Canada's Globe and Mail reported on August 28 that Statistics Canada released data showing that the new coronary pneumonia pandemic forced the closure of non-essential businesses to slow economic growth, plus real gross domestic product (GDP) contracted at an annual rate of 38.7 percent in the second quarter of this year, suffering the biggest decline in history. (Ministry of Commerce website)
The European Central Bank expects the euro zone to shrink by 8% in 2020.The European Central Bank predicted on the 10th that the real gross domestic product (GDP) of the euro zone will shrink by 8% in 2020, and the inflation rate will be 0.3. (People's Network)
Sri Lanka to raise import duty on cloth.Sri Lanka's "Daily Financial Times" reported on September 9 that the Sri Lankan government is considering raising the tax on imported fabrics from 100 rupees per kilogram to 185 rupees per kilogram as a measure to promote the development of the country's textile industry in the next five years. (Ministry of Commerce website)
Thailand's labor gap affects local economic recovery.As the most important orchard economic government in the east, Chanthaburi is currently experiencing a serious shortage of foreign workers. Local businesses complain that if the labor gap is not addressed soon, the 4 billion-baht-sized local economy will suffer. According to statistics from agricultural and fishery employers, Chanthaburi needs to import at least 4000 labor workers from neighboring Cambodia. The import of local labor services cannot be implemented because the local epidemic prevention department takes epidemic prevention measures of the same standard as the Central Epidemic Prevention Center. (Ministry of Commerce website)
Employment in the wholesale and retail, accommodation and catering industries in South Korea showed a downward trend for eight consecutive months.Yonhap News Agency reported on September 10 that according to the Small and Medium-sized Enterprise Research Institute and the Statistics Department on the 10th, the number of employees in the wholesale and retail, accommodation, and catering industries in August was 5.619 million, a year-on-year decrease of 345000, and 72000 more than the decrease in the entire industry. Since January this year, there has been a downward trend for eight consecutive months. Not only has the epidemic led to a downturn in consumption, but this year has also experienced the longest rainy season, which has had a negative impact on the employment situation in the wholesale and retail, accommodation and catering industries. (Ministry of Commerce website)
India to strengthen the import of origin investigation South Korea and other export enterprises increased burden.Yonhap News reported on September 10 that according to the South Korea Trade and Investment Revitalization Commune on the 10th, the Indian government revised the Regulations on the Administration of Origin of Trade Agreements in August after amending the Tariff Law in April this year, adding provisions such as proving the origin of imported goods and providing necessary additional documents. If the Indian Customs considers that the existing documents cannot prove the origin, it may request the importer to provide additional information. If the certificate of origin is insufficient or not submitted within the prescribed time limit, the Indian customs may conduct additional verification measures such as a comprehensive investigation of the imported products of the importer or terminate the preferential treatment. The new regulations will be implemented on the 21st of this month. (Ministry of Commerce website)
Singapore Airlines will lay off 2400 employees.Singapore Airlines Group, which has been severely hit by the coronary disease epidemic, announced on Thursday (10th) that it would cut about 4300 jobs at its three airlines. Singapore Airlines has cut 1900 positions since March this year through measures such as freezing recruitment, not filling vacancies, early retirement plans, and allowing flight attendants to leave voluntarily, so it is expected that about 2400 local and foreign employees will eventually be affected (Singapore Lianhe Zaobao)
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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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