Trade

  • South Korea: impose anti-dumping duties on stainless steel coils. South Korea’s Ministry of Planning and Finance recently issued Order No. 865. Since September 15th, South Korea will impose a 3-year anti-dumping duty on stainless steel coils with a thickness of 8 mm or less originating in China.
  • Indonesia and Taiwan. Among them, China Mainland China is 23.69%~25.82%, China Taiwan region is 7.17%~9.47%; anti-dumping duties are not levied on companies that have reached price commitments.
  • The United States and the five European countries reached a compromise on the digital tax dispute. A few days ago, the United States and Austria, France, Italy, Spain, and the United Kingdom announced a compromise on the digital service tax dispute. After the international tax reform agreement promoted by the Organization for Economic Cooperation and Development (OECD) takes effect, the five European countries will cancel the collection of digital service tax. The United States will abandon retaliatory tariff measures against these five countries.
  • Uzbekistan: Before January 1, 2024, zero tariffs will be imposed on 82 imported raw materials and semi-finished products including castor oil, asbestos, caustic soda, and dyes.
  • ZIM: A new Nordic route will be opened in November. ZIM announced that it will open a new route from Northern Europe to the east coast of the United States in November this year. The route runs once a month and will depart from Antwerp on November 1, calling at Antwerp, Rotterdam, Bremerhaven, New York, Norfolk and Charleston.

Industry

  • The sales of electric vehicles in the EU market surpassed that of diesel vehicles for the first time. The latest data released by the European Automobile Manufacturers Association (ACEA) shows that in the third quarter, nearly one-fifth of new car sales in the EU were electric vehicles, and sales continued to soar, while sales of fuel vehicles fell sharply. As early as August, sales of electric vehicles surpassed that of fuel vehicles.
  • Ministry of Industry and Information Technology: From January to August, the output of lithium-ion batteries in China was 14.60 billion, an increase of 38.7%; the output of lead storage batteries was 15,518 kVA, an increase of 18.7%; the output of primary cells and primary battery packs (non-button) was 27.57 billion Only, an increase of 7.2% year-on-year.
  • Cui Dongshu of the Travel Association: The darkest period of automotive chip supply has passed, and the future will continue to improve. But if you want to completely eliminate the shortage of chips, it is estimated that it will be after the peak sales of the Spring Festival next year. According to the industry, resolving the short-term contradiction between supply and demand does not solve the root cause of the “core shortage”. In the long run, a sound automotive chip ecosystem needs to be established from the perspective of the supply chain.
  • Science and Technology Daily: As of June, 83 companies around the world produce seafood substitutes, nearly three times the number in 2017. The industry may be about to usher in an outbreak period, and fish or seafood made from plants or laboratories is expected to become the next frontier in the food industry.
  • Ministry of Natural Resources: Since the outbreak of the new crown pneumonia epidemic, global demand for energy resources has generally shrunk and structure is differentiated, consumption of energy and bulk minerals has declined, and consumption of new energy and minerals has grown rapidly; the global mining capital market has declined and then increased, and the mining sector has attracted significant attention promote. In the first half of 2021, the number and amount of global mining project financing increased by 12% and 261% year-on-year respectively.
  • IMAX China: Since October, the box office of the Chinese mainland market has reached 250 million, setting a record for the best October in history. “Dune” won RMB 33 million in more than 700 IMAX theaters in mainland China in the first weekend, and IMAX contributed 23% of the box office with less than 1% of the screens in the country.

Company

  • Tesla: In the first three quarters, revenue in China was US$9.015 billion, accounting for approximately 25% of Tesla’s global revenue; in the third quarter, revenue in the Chinese market reached US$3.113 billion, an increase of 78.5% year-on-year. The Shanghai R&D and Innovation Center and the Tesla
  • Shanghai Super Factory Data Center have recently been completed to store data on Chinese operations such as factory production.
  • Amazon: Provide in-store pickup for third-party physical stores. Amazon recently launched a new service called “Local Selling” (Local Selling), which allows local or regional retailers that join the Amazon platform to deliver goods to consumers’ homes through couriers and provide self-pickup in stores. .
  • Paytm: India’s largest IPO, Paytm’s listing was approved. Recently, Indian digital payment company Paytm has obtained the approval of the country’s market regulators, clearing the way for its planned $2.2 billion IPO. And, this will be India’s largest IPO to date.
  • NAVER’s sales and profit in the third quarter reached new highs. South Korean Internet giant NAVER announced that its sales in the third quarter of 2021 increased by 26.9% year-on-year to 1.7273 trillion won. Operating profit increased by 19.9% ​​year-on-year to 349.8 billion won, both hit a record high.

China

  • Hua Yuan, Deputy Secretary-General of the Shanghai Municipal Government: Promoting 5G networks in the field of information technology, the Yangtze River Delta took the lead in the layout and pilot trials. A total of 221,000 5G base stations have been built, accounting for 26.9% of the country’s total. There are over 1,000 innovative application demonstrations in key areas such as industrial Internet, car networking, smart manufacturing, and smart cities.
  • Central Bank: Approved by the State Council, it has renewed the Sino-Japanese bilateral local currency swap agreement with the Bank of Japan, with a scale of 200 billion yuan/3400 billion yen. The agreement is valid for three years and can be extended upon mutual agreement.
  • The phenomenon of rising vegetable prices in many parts of the country has aroused widespread concern. According to the latest data released by the Ministry of Agriculture and Rural Affairs, the average price of 28 kinds of vegetables under monitoring was 5.68 yuan/kg, an increase of 2.7%. Compared with the top five price increases, cabbage, green peppers, beans, green onions and eggplants, the magnitudes were respectively 9.6%, 6.1%, 5.3%, 4.4% and 4.3%.
  • The throughput growth rate of ports across the country slowed down in the first three quarters. According to data from the Ministry of Transport, from January to September, the national ports completed cargo throughput of 11.548 billion tons, an increase of 8.9% year-on-year; completed container throughput of 211 million TEU, a year-on-year increase of 9.5%. The throughput growth rate of ports across the country slowed down in the first three quarters.

World

  • KB Kookmin Bank of Korea: In October, the average transaction price of apartments in Seoul was 1,21639 million won (approximately 6.61 million yuan), breaking the 1.2 billion won mark for the first time in 6 months. This is an increase of more than 200 million won from 1.0097.1 billion won in the same period last year.
  • South Korea: Affected by the sudden cold wave disaster, the price of Korean lettuce has soared and tripled in 10 days.
  • Russia: Prices of cereals and legumes have risen sharply. It was reported on October 25 that Rosa, a large Russian grain producer, warned its partners that from November 4, the price of most grain commodities produced by the company will rise by 10% to 20%. The reason is The price of raw materials has risen sharply.
  • South Korea’s Asia Daily: In the second quarter, six international content providers including Netflix accounted for 78.5% of network traffic in Korea and Japan. However, foreign content providers did not pay any money in terms of network usage fees.
  • Brazil’s annualized inflation rate hit a record high of 10.25%. Among them, the price of electricity in Brazil has risen sharply, rising by 6.47% that month, which has promoted the general increase in the prices of other commodities.
  • Saudi Arabia: plans to export 4 million tons of hydrogen within 10 years. Electric vehicle manufacturing is also part of Saudi Arabia’s future plans.
  • Belarus: plans to vigorously develop the electric vehicle market. Belarusian President Lukashenko said recently that Belarus urgently needs to develop electric vehicles, and nuclear power will provide sufficient electricity. It is reported that the Belarusian electric car market has just started, and new cars are mainly imported from abroad and are expensive.
  • Singapore: plans to import up to 4 gigawatts of low-carbon electricity by 2035, which is expected to account for 30% of Singapore’s total energy supply.
  • Japan: The development of renewable energy is “top priority”. The Japanese government recently officially released the sixth edition of the Basic Energy Plan, which for the first time put forward the “most priority” for the development of renewable energy, and increased the proportion of renewable energy power generation in 2030 to 36%~38%.
  • Thailand’s tax-free concessions support industrial upgrading, and investment and reconstruction funds can also receive tax-free concessions for three years.