Trade Alert: Global Economy: Unclear
Release time:
2020-12-29 09:42
Source:
In 2020, the global economy under the outbreak enters a cold winter. With the advancement of vaccine development and vaccination, the global economy is expected to gradually emerge from the cold next year, but the risks of less-than-expected vaccines, a resurgence of epidemics and a surge in debt remain.
The International Monetary Fund released the world economic outlook report in October, which believes that the global economy is coming out of the trough and the recovery momentum is better than expected. The gradual lifting of the blockade in many economies and the introduction of large-scale fiscal support measures by many governments and central banks have boosted market sentiment. However, the Organization for Economic Cooperation and Development released a report in early December that the rebound in the epidemic in the second half of this year hit the global economy again, resulting in a weak economic recovery in Europe and North America.
Some experts believe that in the short term, the reintroduction of epidemic prevention restrictions in some countries will dampen the momentum of economic recovery. In the medium to long term, the epidemic has hit the global economy hard, causing a surge in national debt and affecting global growth potential. The future of the global economy will face a long, uneven and highly uncertain road to climb.
5G applications: gradually heating up
2020 is the year of large-scale construction of 5G. In 2021, with the gradual implementation of 5G infrastructure in some countries, 5G applications will gradually heat up. This may indicate that the world will begin to usher in a new era of "Internet of Everything.
In the past year, 5G commercial landing has created new application scenarios in many fields and is gradually becoming an important cornerstone of the development of the digital economy. As of November this year, China has built a total of 718000 5G base stations. The top-level design of 5G applications has been continuously optimized. Relevant manufacturers have formed advantages in technology, equipment and innovative solutions, and radiated the global market.
In the new year, with the gradual promotion of 5G applications, its "ultra-high speed, ultra-low latency, ultra-large connection" features will empower the digital transformation of all walks of life, and will efficiently connect a series of new infrastructures such as big data centers, artificial intelligence and industrial Internet, and accelerate the realization of industrial technological transformation and optimization and upgrading with digitalization, networking and intelligence as the main direction. (Xinhua)
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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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