China

  • There are already 260 million elderly people in China, and the aging industry can also be said to be a huge sunrise industry.
  • China will launch a “vaccine passport”

Industry

  • Shipowners have placed orders to “grab the ship.” Recently, Sespan, the world’s largest independent container ship owner, has successively announced two new orders totaling 18 ships and 258,800 TEUs. At the same time, Taiwan shipping company Wan Hai Shipping also plans to order 5 new ships with 65,000 TEUs. This allowed the number of new orders for container ships during the year to reach 1.154 million TEUs, which is 50% more than the number of new orders for the entire year of 2019. For the whole year of 2019, the number of newly built container ships in the world was 770,000 TEUs, and in 2020, it will be 990,000 TEUs.
  • IDC: PC market shipments will reach 357.4 million units in 2021, an increase of 18.2%, much higher than the 12.9% market growth in 2020. The industry outlook is still stronger than historical levels, and the compound annual growth rate for 2020-2025 is expected to be 2.5%.
  • As of the end of 2020, the total number of 5G package users of the three major operators has exceeded 300 million. (China Unicom’s 5G package users reached 70.83 million; China Mobile’s 5G package users reached 165 million; China Telecom’s 5G package users reached 86.5 million.)
  • China Automobile Association: In February, the production and sales of automobiles were 1.503 million and 1.455 million, an increase of 4.2 times and 3.6 times respectively; the production and sales of passenger vehicles were 1.162 million and 1.156 million, an increase of 4.8 times and 4.1 times respectively. ; The production and sales of new energy vehicles were completed at 124,000 and 110,000 respectively, an increase of 7.2 times and 5.8 times respectively year-on-year. In the same month, new energy vehicles have set a single-month historical record of production and sales for 8 consecutive months. In addition, from January to February, the top ten auto sales companies sold a total of 3.542 million vehicles, an increase of 73.8% year-on-year, accounting for 89.5% of total auto sales.
  • In February, the overall shipment of the domestic mobile phone market was 21.759 million units, a year-on-year increase of 240.9%. Among them, 15.07 million 5G mobile phones were shipped in the domestic market, accounting for nearly 70%. From January to February, the total domestic mobile phone market shipments totaled 61.879 million units, a year-on-year increase of 127.5%.
  • The spot price of semiconductor memory chip DRAM is rising. The index product rose by about 60% compared with the beginning of the year, setting the highest level since March 2019.
  • Automotive Power Battery Industry Innovation Alliance: From January to February, China’s power battery output accumulated 21.5GWh, a cumulative increase of 467.3% year-on-year. Among them, the cumulative output of ternary batteries was 12.0GWh, accounting for 55.7% of the total output, a cumulative year-on-year increase of 385.1%; the cumulative output of lithium iron phosphate batteries was 9.5GWh, accounting for 44.3% of the total output, a cumulative year-on-year increase of 624.2%.
  • China Automobile Association: In February, the sales of heavy trucks were 118,000, a decrease of 35.7% from the previous month and an increase of 214.9% year-on-year; in January-February, the sales of heavy trucks were 301,000, a year-on-year increase of 95.5%.
  • Strategy Analytics: By 2021, more than 80% of smartphones worldwide will be equipped with virtual assistants. By 2025, this share will grow to 97%; Google Assistant will become the number one virtual assistant with a market share of more than 60%. Followed by Apple’s Siri. It is predicted that by 2021, 71% of all smartphones sold worldwide will have device-side AI.
  • The Korean Automobile Industry Association (KAMA) released a data on March 11, showing that global electric vehicle sales in 2020 will exceed 2.94 million units, an increase of 44.6% year-on-year. In terms of brand, Tesla ranks first in sales.

Company

  • Disney announced that Disney+ global paid users exceeded 100 million. Disney+ was launched in the United States on November 12, 2019, and is currently available in 59 countries.
  • Adidas resumed its sales growth in the fourth quarter of 2020. Adidas announced that in the fourth quarter of 2020, the company recorded sales of 5.55 billion euros, an increase of 1% from the fourth quarter of 2019. For the full year of 2020, net profit from continuing operations was 429 million euros, a sharp drop from 1.92 billion euros in the previous year; full-year sales were 19.85 billion euros, down 14% from the previous year.

Trade

  • The United States extends the tariff exemption period for Chinese medical products. The Office of the United States Trade Representative issued an announcement on March 10 stating that the Biden administration will extend tariff exemptions for approximately 99 medical products from China to September 30 this year to help deal with the new crown pneumonia epidemic in the US.
  • German exports unexpectedly increased by 1.4% in January.
  • Africa: The mobile phone market grew by 4.6% in the fourth quarter of last year
    Recently, data released by the US market analysis agency International Data Corporation shows that in the fourth quarter of 2020, the total shipments of the African mobile phone market increased by 4.6% from the previous month. In the quarter, Chinese brand mobile phones still accounted for the main share of the African market.
  • South Korea announces the import of an additional 24 million eggs.

Import& Export

  • Black toner: India officially levies anti-dumping duties
    Recently, the Taxation Bureau of the Ministry of Finance of India issued an announcement stating that anti-dumping duties were formally imposed on black toner originating in or imported from China, Malaysia and Taiwan. The anti-dumping measures in this case will take effect on August 10, 2020, with a validity period of 5 years.

World

  • South Africa: Implementation of Level 2 National Burden Reduction and Power Outage. According to recent reports from South African media, from March 10 to 23:00 on March 12, South Africa will implement a level 2 nationwide power cut, and this round of power cuts is likely to continue until March 14. South Africa’s National Power Company stated that the load reduction and outage was due to the failure of some generators.