Industry South Korean market research agency SNE: In the first quarter, the global sales of hydrogen electric vehicles were 3,939 units, a year-on-year decrease of 2.7%. Hyundai Motor's hydrogen electric vehicle sales fell 5.4% year-on-year to 1,710 units, but still led the market with a 43.4% market share. Deloitte: In 2021, the global chemical industry M&A transaction value was US$103.6 billion. There were 688 deal counts and 30 M&A deals over $1 billion, both hitting decade highs after a slump in 2020. Among them, the number of mergers and acquisitions in China's chemical industry was 70, an increase [...]

Industry According to the iiMedia Research Consulting report, in 2022, the market size of camping camps in China is expected to grow by 18.6%, and the market size will reach 35.46 billion yuan. There are also more and more sellers entering the industry. As of March, there were more than 41,000 campsite-related companies in China, and the number of new companies last year nearly doubled year-on-year. The Mafengwo(马蜂窝) report shows that 74% of camping enthusiasts come from first-tier and new first-tier cities. According to the rough statistics of entry-level ordinary needs, dozens of pieces of equipment need to [...]

Industry TrendForce: The global silicon carbide and gallium nitride power semiconductor market is expected to reach US$1.84 billion in 2022, and will further grow to US$5.29 billion in 2025, a very rapid growth. At present, the time is ripe for SiC power devices to be mounted on new energy vehicles. Baidu: In the past week, the average search popularity of "camping" in various places has increased by more than 100%, and the average search popularity of "self-driving" in various places has increased by nearly 70%. It is predicted that during the Labor Day's long holiday (April 30~May 4,2022), [...]

Trade SAFE: In March, China's international trade in goods and services accounted for 2,079.5 billion yuan in revenue, 1,791.6 billion yuan in expenditure, and a surplus of 288 billion yuan. Among them, the surplus in trade in goods was 334.3 billion yuan, and the deficit in trade in services was 46.3 billion yuan. Industry Securities Times: The United States will ban the sale of menthol cigarettes and all flavored cigarettes, excluding menthol flavored e-cigarettes. The plan, which could remove more than one-third of cigarettes sold in the U.S., with annual sales of more than $20 billion, will not [...]

Trade alert Cribs and Strollers: U.S. Makes Final Part 337 Ruling. The U.S. International Trade Commission recently issued an announcement stating that it has made a final ruling in part 337 on certain children's beds and strollers (investigation code: 337-TA-1288): the investigation of this case against China Dongguan Jinwang Children's Products Co., Ltd. will be terminated. New regulations in Port Klang, Malaysia: Containers must be cleared within 3 days. Recently, the Ministry of Transport of Malaysia announced that in order to improve the efficiency of Port Klang and prevent the accumulation of containers and cause port congestion, from [...]

Trade Nylon 6 slices(锦纶6切片): China makes an expiry review ruling on anti-dumping measures. China's Ministry of Commerce recently issued an announcement stating that it has made an expiry review ruling on anti-dumping measures on imported nylon 6 chips originating in the United States, the European Union, Russia and Taiwan, and will continue to levy anti-dumping duties from April 22, valid for 5 years. The UK has announced the removal of tariffs on Ukrainian imports. On the 26th, the British Department of International Trade announced that all goods imported from Ukraine will be subject to zero tariffs, involving major [...]

Trade Walk-behind snow plows and parts: The United States made a final ruling on double-anti-industrial damage. Recently, the US International Trade Commission made a definitive final ruling on anti-dumping and anti-subsidy industrial damages on walk-behind snow plows and their parts imported from China. The U.S. Department of Commerce will issue anti-dumping and countervailing duty orders on the above-mentioned products. Myanmar: 1 aquatic product manufacturer suspended export to China. On April 25, the General Administration of Customs of China announced that it will suspend the acceptance of import declarations for products from Myint Myat Hein Co., Ltd. from Myanmar [...]

Trade Seamless copper pipes: South Korea temporarily does not levy temporary anti-dumping duties. On April 22, the Ministry of Planning and Finance of South Korea issued Announcement No. 2022-78, deciding not to temporarily levy temporary anti-dumping duties on seamless copper pipes originating in China and Vietnam. The Korean tax number of the product involved is 7411.10.0000. Serbia: Approved export quotas for cereals, flour and edible oils. The Serbian government has approved monthly export quotas of 150,000 tons of wheat and corn, 20,000 tons of flour and 8 million liters of refined sunflower oil, according to a recent report [...]

Trade Russia: Relax foreign exchange controls for exporters. The Central Bank of Russia recently decided to relax foreign exchange control measures for all exporters and increase the period for the settlement of foreign exchange earned from 3 days to 60 days. UK: Exporters to the EU decreased by 1/3. HM Revenue and Customs recently released data that due to complicated export procedures, the number of British companies exporting goods to the EU in 2021 will drop by 33% year-on-year. Vietnam and Laos: Bilateral trade volume increased by 19.2% in the first quarter. According to a report by Vietnam [...]

Industry World Steel Association: In March, global crude steel output was 161 million tons, down 5.8% year-on-year. From January to March, the global crude steel output was 456.6 tons, a year-on-year decrease of 6.8%; among which, the crude steel output in Asia and Oceania was 331.3 tons, a year-on-year decrease of 7.8%. Industry-China Baidu Map: By the end of 2021, the cumulative service mileage of domestic new energy vehicles has exceeded 5.11 billion kilometers, which is equivalent to reducing the carbon emissions generated by about 300,000 tons of gasoline. Among the top 10 cities with the highest density [...]