Trade Import & Export

  • Eurasian Economic Commission: Allows exports of low-quality fuelwood from the Eurasian Economic Union.
  • France’s trade deficit widened to 84.7 billion euros. France’s goods trade deficit will hit 84.7 billion euros in 2021, as energy imports surge to 43.1 billion euros, the French trade ministry said. In December alone, the trade deficit exceeded 11 billion euros, the largest monthly deficit since French customs records began in 1970.
  • Indonesia’s economy grew by 3.69% to 169.708 trillion. According to data released by Indonesia’s Central Bureau of Statistics recently, Indonesia’s GDP in 2021 will reach 169.708 trillion rupiah, a year-on-year increase of 3.69%, in line with the market and the Indonesian government’s expectations, and the per capita GDP will reach 62.2 million rupiah.
  • Ethiopia: Plans to achieve coal import substitution. According to recent reports, the Ethiopian Ministry of Mines has signed coal mining agreements with eight local companies, with a planned annual coal output of 4.2 million tons. It is reported that the Ethiopian government plans to ban coal imports from 2023.
  • Malaysia and Indonesia launch cross-border payment projects.
  • Wish will exit 79 country markets (focusing on the remaining 61 core markets) starting March 1.

Trade Alert

  • Wire rod: India ends anti-dumping measures. Recently, anti-dumping duties on wire rod originating in or imported from China will no longer be levied.
  • Frameless mirror: Brazil made the final ruling of anti-dumping sunset review. The first anti-dumping sunset review final ruling was made on rimless glasses originating in China and Mexico, and anti-dumping duties were imposed.

Industry

  • EU: Plans to raise 42 billion euros to develop the chip industry.
  • Russia: The legislative concept for the regulation of digital currency circulation has been approved, and relevant bills will be formulated before February 18.
  • Nigeria officially launched the new Petroleum Industry Law. Recently, the government of Nigeria, Africa’s largest crude oil producer, announced that it will officially launch a new oil industry law, hoping to boost the already troubled oil industry.
  • In 2021, a total of 146 launch missions will be carried out around the world, the highest number of launches since 1957; the total number of launched spacecraft is 1,846, a record high, with a total mass of 777.70 tons, the largest since the retirement of the space shuttle. In 2021, the global annual launch success rate will be 92.5%, and space launch activities still have high risks.
  • ASML: The semiconductor industry needs a lot of investment to increase capacity, and there is no danger of oversupply. Plans by China, the European Union, Japan, South Korea and the United States are expected to double the chip industry’s capital spending from $150 billion in 2021. The significant growth prospects of the semiconductor industry do require a significant increase in capacity.
  • Germany: Advocates for the implementation of the lowest global corporate tax rate (15%) in 2023.
  • Global newbuilding orders reached 3.07 million revised gross tons. According to data recently released by Clarksons, an analysis agency for the British shipbuilding and maritime industry, the global orderbook for new ships in January this year was 3.07 million revised gross tons (CGT), an increase of 72% from the previous month. Among them, China has undertaken 1.47 million revised gross tonnage orders for new ships, accounting for 48%, ranking first in the world.

Company

  • Yum China: In 2021, total revenue will be US$9.853 billion, a year-on-year increase of 19%; adjusted net profit will be US$525 million, a year-on-year decrease of 15%. In the fourth quarter, total revenue was $2.29 billion, up 1% year-on-year; adjusted net profit was $11 million, down 93% year-on-year. As of the end of 2021, the total number of group stores will reach 11,788, and 1,806 new stores will be opened in 2021.
  • ONE launched a new route from China to Southeast Asia. A few days ago, Ocean Networking Shipping (ONE) announced the opening of a new route NCS from northern China to the Straits of Malacca. The weekly route will start from Tianjin Port on February 24, and the new route will provide ONE’s customers with more sailings and more flexible services.
  • Nvidia’s acquisition of ARM has failed.
  • Pfizer announced results, revenue and net profit soared. Pfizer announced that revenue in the fourth quarter was US$23.838 billion, a year-on-year increase of 104.9%; net profit was US$3.393 billion, a year-on-year increase of 300.6%. In 2021, the annual revenue was US$81.288 billion, a year-on-year increase of 95.16%; the net profit was US$21.979 billion, a year-on-year increase of 139.97%.

China

  • State Sports General Administration: As of the end of 2020, the number of sports venues across the country has increased by 89.7% compared with 2017, the total area of ​​sports venues has increased by 33.4%, and the per capita venue area has increased by 32.5%. In the next step, it will promote the construction of a higher-level national fitness public service system serving community residents. During the “14th Five-Year Plan” period, more than 1,000 sports parks will be built, renovated, and expanded, and the management of national fitness equipment will be strengthened.
  • Qimai data: In the list of popular games in January, “Honor of Kings” and “Peace Elite” occupied the first and second places respectively, and the new casual game “Summon Dragon” under Jiao Code Network won the third place; “Honor of Kings” returned to Top 1, and “Peace Elite” and “Fantasy Westward Journey” occupied Top 2 and Top 3 respectively. In the distribution of manufacturers on the list, the number of small and medium-sized manufacturers and even individual developers has increased significantly.
  • Beacon Professional Edition: As of February 9, the total box office (including pre-sale) of national cinema films in 2022 has officially exceeded the 10 billion yuan mark, which will take 40 days, setting the fastest annual box office record of 10 billion yuan in Chinese film history.