Covid-19 & Vaccine

  • The mutant strain “ETA 埃塔病毒” has appeared in 82 countries. According to the classification for tracking the spread of the strain, the “ETA” strain (B.1.525) is most commonly found in Canada (20%), the United States (16%), Germany (10%), France (9%) and Denmark (8%). %).
  • In October, the Indian government will obtain more than 300 million doses of new crown vaccine from vaccine manufacturers, and more than 1 billion doses of vaccine in the next three months. India will resume vaccine exports from October, but vaccinating its citizens remains the top priority.
  • People entering Ireland need to apply for a health code. How to apply: https://hr.cs.mfa.gov.cn/help_two/help-two/hs.html

Trade &Shipment

  • The detention time of U.S. container containers has increased sharply. According to statistics from Hapag-Lloyd, the world’s fifth largest container transport company, the average detention time of containers in 11 major railway warehouses this month reached 9.8 days. This is higher than 6.7 days in May and 5.9 days in February. The first to bear the brunt is Los Angeles, where containers wait an average of nearly 16 days before being picked up.
  • Argentina: From January 1, 2022, the withholding tax on exports of service trade will be abolished.
  • Polyester/cotton blended fabric: Peru ceased to impose temporary anti-dumping duties. From September 23, 2021, the temporary anti-dumping duties imposed on polyester-cotton blended fabrics originating in China will be terminated. The case involved products under Peru’s tax numbers 5512.11.00.00 and 5512.19.00.00.
  • Aluminum foil: India levies anti-dumping duties. Aluminum foil originating in or imported from China, Indonesia, Malaysia and Thailand and having a thickness of 80 microns or less is subject to anti-dumping duties for a period of 5 years. This case involves products under the Indian Customs Code 7607.

Industry

  • Ministry of Commerce: It is expected that auto sales for the whole year of this year are expected to achieve positive growth, reversing the situation of continuous decline for three consecutive years. From January to August, new car sales were 16.556 million units, a year-on-year increase of 13.7% and a year-on-year increase of 2.8%. Among them, the sales of new energy vehicles were 1.799 million, a year-on-year increase of 1.9 times, accounting for nearly 11% of new vehicle sales for the first time. In August, it continued to set a single-month historical sales record.
  • China Academy of Information and Communications Technology: China’s digital economy will reach 39.2 trillion yuan in 2020, accounting for 38.6% of GDP, maintaining a high growth rate of 9.7%, and becoming a key driving force for stable economic growth.
  • China Coal Trading Center: From September to October, as the weather in the south turns cooler and electricity consumption for air-conditioning and refrigeration decreases, the tension between supply and demand in the coal market will tend to ease. In addition, with the adjustment of the energy structure, new energy power generation such as wind power and solar power continues to grow, and coal prices do not have the motivation to continue to rise in the later period.
  • Under the background of “dual control of energy consumption”, the impact on the paper industry and packaging industry has continued to expand. Affected by rising costs and shutdowns, Nine Dragons, Shanying and other paper mills have issued price increase letters. Paperboard has risen on a large scale across the board.

Company

  • Similarweb: Shopify’s average monthly unique visitors in the second quarter of this year surpassed Amazon for the first time, and this gap is expected to continue to widen. Shopify is becoming Amazon’s “eye thorn”, and the competition between the two continues to heat up.
  • Flipkart (Indian Amazon): Announced the addition of 75,000 new sellers. The cumulative number of platform sellers has reached 375,000. At the same time, Flipkart said that it hopes to have more than 420,000 sellers by the end of this year, achieving the goal of 120,000 new sellers throughout the year.
    Maersk gets the biggest profit in Danish history. Root Reuters reported that Maersk’s performance in 2021 will set a record in Danish corporate history. This will be approximately three times higher than Maersk’s 2014 historical record, and more than double the performance of Denmark’s most valuable company Novo Nordisk A/s in 2020.
  • Nike: In the first fiscal quarter ended August 31, Nike Group revenue increased 16% year-on-year to US$12.25 billion, and net profit rose 23% to US$1.874 billion. Nike said the group’s profits are being hit by soaring shipping costs due to the suspension of Vietnam’s supply chain.
  • Bulgari perfumes closed nearly 10,000 points of sale. The CEO of Bulgari recently stated that by 2022, the global distribution network (of brand perfumes) will be halved, and the number of sales points will be reduced from 20,000 in 2020 to 13,000 this year and to 10,000 next year. . We hope to create a perfume distribution channel consistent with the brand’s fine jewelry.

China

  • Xinhua News Agency: During the National Day holiday this year, the average daily traffic of highways across the country is expected to be about 45 million, an increase of about 5% over the same period in 2019. From a regional perspective, it is expected that the Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao, Chengdu-Chongqing and other regions will be more concentrated. Large and medium-sized cities enter and exit toll gates, highway sections, urban airport highways and local sections of highways leading to popular scenic spots. It is prone to congestion and slowing down.
  • IKEA: At present, most of the products under the furniture retail giant IKEA are facing extreme shortages. In order to ensure the security of the supply chain, IKEA purchases exclusive containers and leases exclusive cargo ships to cope with rising shipping prices. In addition, many foreign giants chartered ships and cabins to cope with the upcoming peak sales season in Europe and the United States. As international shipping capacity continues to be tight, China-Europe Express is becoming the choice of many foreign trade companies.
  • Securities Times: Affected by extreme weather such as extreme high pressure and large-scale drought, Europe’s vigorously developed wind and hydropower generation plummeted during the year. Electricity prices in major EU economies are generally more than double those a year ago. As of September, electricity prices in the UK have soared by 700% year-on-year.

World

  • South Korea terminated funding for overseas coal projects.
  • Indonesia: Nickel reserves rank first in the world. According to the “Indonesia Nickel Investment Opportunities” issued by the Ministry of Energy and Mines of Indonesia, Indonesia has 72 million tons of nickel reserves, accounting for 52% of the world’s total nickel reserves, ranking first in the world.
  • Japan: Promote the standardization of automotive digital design technology. Ten Japanese companies, including Mazda and Toyota, recently announced that they will cooperate on the standardization of “model-based development (MBD)” technology for designing vehicles on computers.
  • Vietnam: Foreign direct investment increased by 4.4%. As of September 20, 2021, the total amount of newly registered capital, capital increase, and equity investment by foreign investors in Vietnam reached US$22.15 billion, a year-on-year increase of 4.4%.
  • Iran: Remove restrictions on industry power supply. Due to the drop in temperature and reduced electricity demand, all restrictions on the power supply of steel and cement plants that were implemented in the previous 40 days have been lifted.
  • South Korea: Signed the Mongolian railway project. According to a recent report by Yonhap News Agency, the National Railway Corporation of Korea stated that a bidding project of the Mongolian Railway Bureau (MTZ) has been signed and the project cost is 42.5 billion won (approximately 230 million yuan). The project aims to transport Mongolian coal and will build a monorail with a total length of about 415 kilometers.