Trade Risk Alert


Germany's central bank, the Deutsche Bundesbank, released a report on the 16th, arguing that the German economy could stagnate or even decline after strong growth this summer due to restrictions at home and abroad in response to the second wave of the new crown epidemic.
The Deutsche Bundesbank releases its monthly report on the same day. The report believes that overall, the German economy may stagnate or even decline, but it is unlikely to reproduce serious economic shocks. In addition, progress in vaccine development has boosted market confidence.
Due to the rebound of the epidemic, Germany began to "partially close the city" on the 2nd of this month ". This round of epidemic prevention restrictions is not as strict as the first round of "city closure" in the first half of the year. Specific measures include the closure of restaurants, bars, theaters, playgrounds and other catering and cultural and sports facilities for one month. The gathering scale of public places shall not exceed 2 households and 10 people. It is recommended that the public avoid unnecessary travel and visits.
German Chancellor Angela Merkel held a video conference with state officials on the 16th to discuss whether the current epidemic prevention restrictions can slow the rapid rise in new cases.
According to data released by the German Federal Bureau of Statistics on October 30, Germany's GDP in the third quarter increased by 8.2 from the previous quarter. However, from the year-on-year data, the German economy still fell by 4.3 in the quarter.
In the first and second quarters of this year, the German economy fell by 1.9 and 9.8 respectively. Among them, the second quarter recorded the largest month-on-month decline since quarterly economic data were available in 1970. (Xinhua)

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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.