Trade

  • The EU has passed the world’s first “carbon tariff”. French President Emmanuel Macron said on his personal social media that EU member states have agreed on an EU carbon border tax. The proposal, which will be implemented from January 1, 2023, covers industries such as cement, fertilizer, aluminum and steel. The transition period from 2023 to 2025 is the implementation of the transition period. From 2026, the carbon tariff will be officially introduced . From 2026, importers need to pay the corresponding amount of CBAM certificates according to the implied carbon emissions of their imported products.

Industry

  • New energy vehicle power batteries are about to enter the peak period of scrapping, and the sharp rise in the prices of cobalt, lithium, nickel and other metals has improved the economic benefits of the battery recycling industry. It is predicted that the global battery recycling market space will exceed 150 billion in 2027
  • The largest fertilizer plant on the African continent invested and constructed by the richest man in Africa has just opened and has received orders from all over the world. The fertilizer plant mainly produces urea and ammonia fertilizer, and is expected to produce 3 million tons of urea per year, making it the second largest urea production plant in the world.
  • The price of graphics cards in overseas markets has recently avalanche. The price of a high-end graphics card in the Australian market has dropped from about 10,000 yuan to about 7,000 yuan in one day, a drop of 35%, the largest drop in history, and the average price drop of other graphics cards has also reached 10%. . In the domestic market, the price of graphics cards began to fall after the year, and the current price is also at a low level in the past two years.
  • A total of 61,657 vehicles rolled off the assembly line in the U.K. in February, the auto manufacturing industry posted its worst performance in 13 years, continuing to suffer from a global chip shortage and the closure of a major factory last year, the Association of British Automobile Manufacturers and Dealers said. The organization warned that the war between Russia and Ukraine will further impact the auto industry; although only a small number of cars are exported to Russia and Ukraine, many raw materials and components are sourced from both countries.
  • Adobe released e-commerce data during the U.S. epidemic. From March 2020 to February 2022, U.S. consumers spent $1.7 trillion on online shopping. Online shopping spending in the U.S. is expected to top $1 trillion for the first time in 2022. In 2021, 41.8% of total U.S. e-commerce spending will come from groceries, electronics, and apparel. Among them, consumer spending on electronics reached $165 billion, accounting for 18.6% of total spending; groceries accounted for 8.9%, reaching $79.2 billion, up from $73.7 billion in 2020 and more than double the online grocery spending in 2019.

Industry China

  • Selfie halls are becoming a new check-in place for more and more urban young people to have leisure and entertainment. The overall development of the selfie studio industry is still in the early stage, and the market size in 2021 will be about 3.17 billion yuan. Pastoral scenes are the most popular shooting scenes among consumers of selfie studios, accounting for 39.2% of the total. Followed by court scenes, daily home scenes and festival scenes, accounting for 31.7%, 29.0% and 26.3% respectively.
  • In 2022, the supply of dialect jobs on the Xianyu platform will continue to rise; among them, the number of dialect teaching orders will increase by 105% compared with the same period last year.

China

  • SAFE: As of the end of 2021, China’s full-scale external debt balance was US$2,746.6 billion, an increase of 1.8% from the end of September 2021. At the end of 2021, China’s external debt debt ratio was 15.5%, and its debt service ratio was 5.9%, all within the internationally recognized safety line.
  • In the past 10 years, the time of  Chinese people falling asleep in China has been delayed by more than 2 hours, and the average sleep time has decreased from 8.5 hours in 2012 to 7.06 hours in 2021. Only 35% of Chinese people get enough sleep for 8 hours.

Company

  • NIO: In 2021, revenue will be 36.14 billion yuan, a year-on-year increase of 122.3%; net loss will be 4.02 billion yuan, a year-on-year decrease of 24.3%. Q1 revenue is expected to be 9.63-9.99 billion yuan; vehicle deliveries will range from 25,000 to 26,000. Chairman Li Bin said that there is currently no idea of ​​raising prices, and will see whether the pricing policy will be adjusted according to market conditions. The full-year gross profit target is still set at 18%-20%.
  • Meituan: In 2021, revenue will be 179.13 billion yuan, a year-on-year increase of 56%; adjusted net loss will be 15.572 billion yuan, and adjusted net profit will be 3.121 billion yuan in the same period last year. Among them, the catering takeaway business revenue increased by 45.3% year-on-year to 96.3 billion yuan; the in-store, hotel and tourism business revenue increased by 53.1% year-on-year to 32.5 billion yuan; the annual R&D investment increased by about 53.1% year-on-year to 16.7 billion yuan, and continued to cultivate unmanned delivery area.
  • LONGi once again raised the price of monocrystalline silicon wafers. Single crystal silicon wafer P-type M6 165μm thickness (166/223mm) 5.55 yuan, an increase of 1.8%; single crystal silicon wafer P-type 158.75/223mm 165μm thickness 5.35 yuan, an increase of 1.9%; single crystal silicon wafer P-type M10 165μm thickness (182 /247mm) 6.70 yuan, remain unchanged.

World

  • The Indian government is expected to formally announce a rupee-ruble payment arrangement next week to bypass U.S. sanctions on Russia for trade with Russia, Sputnik reported.