China

  • During the Tomb-Sweeping Day holiday, China’s domestic tourist trips increased by 144.6% year-on-year on a comparable basis, and recovered to 94.5% of the same period before the epidemic; domestic tourism revenue was 27.168 billion yuan, an increase of 228.9% year-on-year, and recovered to 56.7% of the same period before the epidemic.
  • In 2020, the number of pet dogs and cats in China’s urban areas will exceed 100 million, and the scale of the consumer market will reach 206.5 billion yuan. How to deal with pets’ “following things” has become the focus of social attention. Pet funerals have become a new “blind spot” in current Chinese urban management.

Company

  • Japan’s Meidensha increased production of electric car motors in Hangzhou, China, and the new plant increased the motor production capacity to 340,000 units.
  • LG Electronics: officially announced the suspension of its mobile phone business and will focus on core business.

Trade

  • The United States has imposed additional tariffs on six countries including India. Earlier, six countries including Austria, the United Kingdom, Italy, Spain, Turkey, and India had proposed to impose digital taxes on American technology giants. Subsequently, the United States also used retaliatory taxation methods to fight back.
  • Ins will release merchandise sales functions in Russia.
  • China’s cross-border e-commerce retail imports exceeded 100 billion.
  • China State Shipbuilding Corporation has won an order from Seaspan for the first time to order 6 15500TEU container ships. These 6 high-quality container ships will be equipped with desulfurization devices and possess industry-leading emission reduction technology.
  • The size of the Greek fleet exceeds 350 million dwt. In the past 12 months, the number of ships in Greece, the world’s largest shipowner, has increased by 70, which is equivalent to 9.6 million dwt. At present, the Greek merchant fleet has reached a record 350.6 million deadweight tons, totaling 4,038 ships. In terms of hand-held orders, tankers dominate. Greece’s existing fleet accounts for 15.8% of the global fleet, while crude oil tankers account for 26.4% of the global total.