Trade warning
Release time:
2021-01-04 10:33
Source:
According to data released recently by the Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing, China's manufacturing purchasing managers' index (PMI) was 51.9 percent in December 2020, the 10th consecutive month above the critical point.
"China's economic recovery to the positive momentum continues to consolidate." Zhao Qinghe, a senior statistician at the Service Industry Survey Center of the National Bureau of Statistics, said that the overall manufacturing industry has maintained a good momentum of steady recovery, and the prosperity is at a relatively high level during the year.
In terms of the sub-indices, among the five sub-indices that make up the manufacturing PMI, the production index and the new orders index are all above the critical point. Zhao Qinghe said that both ends of production and demand continue to improve. The production index and the new orders index were 54.2 per cent and 53.6 per cent, respectively, down 0.5 and 0.3 percentage points from the previous month, but both were the second highest points of the year, and the difference between the two continued to narrow, with the manufacturing sector maintaining a good growth trend and a more balanced relationship between production and demand.
The import and export index maintained expansion for four consecutive months. The new export orders index and the import index remained in the boom range at 51.3 per cent and 50.4 per cent, respectively. "The survey results also show that the expected index of production and operation activities of export enterprises has rebounded for eight consecutive months, reaching a high point for the whole year, and the confidence of manufacturing export enterprises in market development has been increasing." Zhao Qinghe said.
In addition, the leading role of high-tech manufacturing continues to emerge. Since 2020, the high-tech manufacturing PMI has been consistently higher than the manufacturing sector overall, at 55.8 percent in December 2020, down 0.4 percentage points from the previous month, but still the second highest for the year. Among them, the production index, new orders index and employment index were 59.3 per cent, 58.2 per cent and 52.6 per cent, respectively, higher than the overall manufacturing 5.1, 4.6 and 3.0 percentage points, indicating that high-tech manufacturing production and demand are booming, labor demand continues to grow, and the overall recovery of the manufacturing industry is more significant.
However, Zhao Qinghe also pointed out that the prices of some commodities have continued to rise recently, coupled with the continued recovery of market demand, which has accelerated the increase in the purchase price of raw materials and product sales prices in the manufacturing industry. In December 2020, the purchase price index and ex-factory price index of major raw materials were respectively 68.0% and 58.9%, higher than 5.4 and 2.4 percentage points last month, both of which are the highest in the year. The rapid rise in raw material prices has increased the cost pressure on enterprises, reflecting the high cost of raw materials accounted for 49.4 per cent, the highest in the past two years.
In addition, there is still differentiation between enterprises. In December 2020, the PMI for both large and medium-sized enterprises was 52.7 percent, continuing to operate in the boom range of 52.0 percent and above, while the PMI for small enterprises was 48.8 percent, down 1.3 percentage points from the previous month and falling below the boom-bust line. In this regard, Zhao Qinghe said that the proportion of small enterprises reflecting high raw material costs, logistics costs and labor costs increased by 5.0, 4.6 and 1.5 percentage points respectively compared with the previous month. The operating costs of small enterprises have increased, and the profit space has been squeezed to a certain extent.
(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.
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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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