May 8 Trade Risk Alert
Release time:
2020-05-08 14:45
Source:
World Tourism Organization: The number of global cross-border tourists may decrease by 6 to 80% in 2020.According to a report released by the United Nations World Tourism Organization (UNWTO) on the 7th, the scale of global cross-border tourism fell by 22% in the first quarter of this year (year-on-year, the same below)The number of international tourists decreased by 67 million, resulting in a loss of 80 billion US dollars. The report predicts that the number of global cross-border tourists will decline by 60% to 80% in 2020. (China News Network)
The number of first-time jobless claims in the United States has exceeded 3 million for seven consecutive weeks.Data released by the US Department of Labor on the 7th showed that the number of people applying for unemployment benefits for the first time in the United States reached 3.169 million last week. As of 4In the week of March 25, the number of people receiving unemployment benefits nationwide rose to 22.647 million, continuing to hit a record high. The insured unemployment rate, which accounts for the proportion of insured people receiving unemployment benefits, rose 3.1 percentage points month-on-month to 15.5 per cent, a new all-time high. (Source: Xinhua)
The European economy has fallen sharply.Le Figaro reported on May 7 that the European Commission released the EU economic forecast on Wednesday: GDP of the euro area and the EU this yearIt is expected to fall by 7.7 per cent and 7.4 per cent, respectively. That's down 9 percentage points from last fall's forecast. This was also confirmed by the buyers' PMI index, which measures industrial and service sector activity, published on May 6. April was 13.6,3The month is 29.7 and is 1998 IHS The lowest level since the Markit survey began. (Ministry of Commerce website)
The German government expects GDP to shrink by 6.3 percent this year.The Federal Ministry of Economy released its spring forecast that Germany's GDP is expected to shrink by 6.3 in 2020, more than 2008/09.during the financial crisis. Economic growth will reach its lowest level in the second quarter of this year and rebound to 5.2 per cent next year. (Ministry of Commerce website)
The Philippine economy may shrink by 2% in 2020.According to the Philippines "Business World" (Business World) April 30.The World Bank's chief economist for Brunei, Malaysia, the Philippines and Thailand, Coulibaly, said on Wednesday that if the new crown epidemic continues to spread in the Philippines, the Philippine economic growth rate will fall in the range of 0% to minus 2% in 2020. Earlier this month, the World Bank released a report predicting that the Philippine economy will grow between 3 percent and negative 0.5 percent this year. (Ministry of Commerce website)
Cebu Pacific Airlines of the Philippines lost 1.18 billion pesos in the first quarter.According to the Philippines "Business World" (Business World) April 30.In the first quarter of this year, Cebu Pacific's revenue fell 24.9 percent to 15.91 billion pesos, a net loss of 1.18 billion pesos, a sharp drop from 3.36 billion pesos in the same period last year, due to a large number of flights grounded by the new crown epidemic. (Ministry of Commerce website)
Foreign direct investment plunged to $1.2 billion in 2019.The daily finance reported on may 6 that the central bank 2019The annual report shows that due to the Easter attacks and political uncertainty, the foreign direct investment attracted by the country in 2019 fell sharply, to only $1.2 billion. (Ministry of Commerce website)
Overdue loans in the Mongolian banking system account for 6.7 per cent of total loans.According to Mongolia's "News.mn" network, overdue loans in Mongolia's banking system increased by 1200 in the first quarter of this year.Yimontu, accounting for 6.7 per cent of total loans, with outstanding loans mainly from processing, construction and mining exploration. Non-performing loans fell 9 billion percent in April from the previous month, accounting for 10.7 percent of total loans. (Ministry of Commerce website)
New Zealand will extend its fiscal deficit or reach its "highest ever" debt level ".According to New Zealand Skyway, New Zealand Finance Minister Grant Robertson said on the 7th that the New Zealand government will extend the fiscal deficit time, debt levels or reach "the highest ever (all-time high)". (China News Network)
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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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