Trade

  • Egypt: Wheat from India will be imported for the first time. The Egyptian Ministry of Agriculture announced on April 18 that India has been approved as the country of origin for Egyptian wheat imports to diversify the source of wheat imports.
  • Panama: The trade volume of the Cologne Free Trade Zone in the first two months increased by 40% year-on-year. According to recent data released by Panama’s Colon Free Trade Zone, the trade volume of the Free Trade Zone in the first two months of this year reached US$3.443 billion, a year-on-year increase of 41%; China is the main supplier of goods, and Venezuela is the main re-export destination.
  • Congo (Kinshasa): Signed the agreement to join the EAC and became the seventh member of the EAC.

China Industry

  • Passenger Car Association: In the first quarter, the total retail sales of the national passenger car market was 4.915 million units, a year-on-year decrease of 4.5%, and the overall trend was lower than expected. Among them, the sales volume of traditional fuel vehicles was 3.85 million, a year-on-year decrease of 18%, and the domestic retail sales of new energy vehicles was 1.070 million, a year-on-year increase of 146.6%, forming a K-shaped trend of sales of traditional fuel vehicles and new energy vehicles. The impact of the supply interruption of secondary parts will seriously affect the sales volume in the second quarter.
  • Maoyan(猫眼专业版) Professional Edition: As of 18:00 on April 19, the national theater operating rate on April 18 was 44.34%. There were 5,337 theaters in operation, a decrease of 177 from the previous day, and the box office was 8.017 million.

China

  • State-owned Assets Supervision and Administration Commission: In the first quarter, the central enterprises achieved a cumulative operating income of 9 trillion yuan, a year-on-year increase of 15.4%; net profit was 472.33 billion yuan, a year-on-year increase of 13.7%; taxes and fees were handed in to 734.8 billion yuan, a year-on-year increase of 20.9%; accumulative completion of fixed assets Investment (excluding real estate) was 519.4 billion yuan, a year-on-year increase of 4.6%.
  • Among the first batch of 666 enterprises that have resumed work announced in Shanghai, companies in the automotive industry chain account for one-third, reaching 231. Although the auto industry chain has resumed work and production, the number of employees entering closed-loop production is limited.
  • CISA(China Iron and Steel Association): In the current market environment, the main task facing the steel industry is how to maintain a balance between supply and demand under limited market demand. Reducing crude steel output is to give full play to the role of the government and the market, adjust the intensity of steel production in a timely manner, and establish a new balance between market supply and demand.
  • CFA( China Futures Association): As of the end of March, there were 150 futures companies in the country, distributed in 31 jurisdictions. In March, the transaction volume was 56.81 trillion yuan, the transaction volume was 663 million lots, the operating income was 4.084 billion yuan, and the net profit was 1.229 billion yuan.

Company

  • The total number of registered users of Moutai’s self-operated e-commerce platform “i Moutai” exceeded 10 million, with a total of over 49.7345 million and 131 million people participating in the subscription. “i Moutai” has been online for trial operation since March 31, and the number of users exceeded 10 million in just 19 days. As of April 18, a total of 25,041 bottles of Moutai products have been put into “i Moutai”, with more than 2.8 million people and 7.3 million people participating in the subscription.
  • Toyota Motor: Due to the shortage of chips, it is expected that the global auto production in May will decrease by 100,000 units compared with the original plan to 750,000 units, a decrease of about 11.8%; the total output from May to July is expected to be about 2.4 million units.
  • Tesla: The Shanghai Gigafactory resumed work on April 19, and about 8,000 employees have already arrived. With the help of relevant departments and the Shanghai Economic and Information Commission and other departments, we are actively promoting the resumption of work and production of more than 100 parts manufacturers and smoothing logistics.
  • Apple: It is reported that the new iPhone 14 series is likely to receive a major upgrade in terms of appearance, photography and fast charging. It may be the biggest update that has made consumers feel in recent years, and the price will also be raised uniformly. Among them, the basic iPhone 14 is sold The price may be $799, the iPhone 14 Max is priced at $899, while the iPhone 14 Pro and Pro Max are expected to be priced at $1,099 and $1,199, respectively.

World

  • International Monetary Fund: The global economy is expected to grow by 3.6% in 2022, down 0.8 percentage points from its January forecast.
  • World Bank: The global economic growth forecast for 2022 was lowered to 3.2% from 4.1% announced in January.
  • Ministry of Transport: As of April 18, 116 expressway toll stations across the country have been temporarily closed, accounting for 1.07%, and 82.89% of the toll stations that were closed earlier have resumed normal operation. There are still 61 service areas temporarily closed across the country, down 83.24% from before the self-examination and self-correction. These two ratios have been controlled at about 1%, and the arteries of the national trunk roads have been basically unblocked.
  • EU: Improve legislation to reduce e-waste. The European Parliament recently passed a bill on the right to repair products to improve the durability and repairability of electrical appliances. The EU also plans to ban the use of glue to bond batteries in electronic products from next year to facilitate replacement.
  • Food shortages could usher in new storms, and unusual weather in North America is fueling supply concerns. As of February 28, both southern Alberta and central Saskatchewan were in extreme drought. Last year, Canada’s crops were hit by drought. A rare snowstorm will sweep across central Canada’s Saskatchewan and southern Manitoba, as well as northern Ontario, from April 13. Heavy snow can significantly reduce drought fears when the new season is planted, but the delay in planting has raised new risks.