Trade Risk Alert
Release time:
2020-12-18 11:20
Source:
On the 17th, news from the website of the Ministry of Commerce showed that the General Office of the Ministry of Commerce and the General Office of the China Banking and Insurance Regulatory Commission jointly issued the ''Notice on Implementing the State Council's Deployment and Giving Financial Support to Key Foreign-funded Enterprises'' (hereinafter referred to as the ''Notice'') to increase the focus Financial support for foreign-funded enterprises. Emphasize that in accordance with the principle of consistency between domestic and foreign investment, to ensure that foreign-funded enterprises equally apply the 1.5 trillion yuan re-loan rediscount special quota support. Among them, foreign-funded enterprises in key links of the manufacturing industry and foreign-funded enterprises that have real difficulties in operating in the field of trade and trade services will receive key support.
According to the notice, key foreign-funded enterprises include, but are not limited to, foreign-funded enterprises in key manufacturing links such as special and general equipment, electronic and communication equipment, medical equipment, chemical industry, automobile and medicine, as well as foreign-funded enterprises in the fields of electronic components, textile and clothing manufacturing; Foreign-funded enterprises with real difficulties in business services such as wholesale, business services, software and information technology services, catering, accommodation, tourism, and pension.
The Notice calls for improving the quality of financial services. In accordance with the principle of consistency between domestic and foreign investment, to ensure that foreign-funded enterprises equally apply the 1.5 trillion yuan re-loan rediscount special quota support. Banking financial institutions actively guarantee the reasonable financing needs of key foreign-funded enterprises in accordance with the principle of marketization, improve service levels, and improve service efficiency. The export import bank's new loan scale of 570 billion yuan can be used to actively support qualified key foreign-funded enterprises, give full play to the role of policy finance, innovate and enrich financial products, rationally allocate credit resources, accelerate the implementation of the new loan scale, enhance the pertinence and operability of the implementation plan, and provide diversified and all-round financial support to qualified key foreign-funded enterprises.
The "Notice" requires all localities to establish and improve working mechanisms, strengthen work linkages, and timely and comprehensively understand the financing needs and investment operations of key foreign-funded enterprises. All provincial-level commercial authorities should strengthen work contacts with local foreign-funded enterprise associations and other institutions, guide them to strengthen cooperation with banking financial institutions, assist banking financial institutions to improve customer identification and credit delivery capabilities, and actively promote "bank-enterprise docking". Before the end of this year, at least a batch of (times) "bank-enterprise docking" activities will be organized. (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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