Trade

  • Walk-behind snow plows and parts: The United States made a final ruling on double-anti-industrial damage. Recently, the US International Trade Commission made a definitive final ruling on anti-dumping and anti-subsidy industrial damages on walk-behind snow plows and their parts imported from China. The U.S. Department of Commerce will issue anti-dumping and countervailing duty orders on the above-mentioned products.
  • Myanmar: 1 aquatic product manufacturer suspended export to China. On April 25, the General Administration of Customs of China announced that it will suspend the acceptance of import declarations for products from Myint Myat Hein Co., Ltd. from Myanmar for 1 week due to the detection of positive nucleic acid for the new coronavirus in the packaging samples of aquatic products imported from Myanmar.
  • South Korea: 1 aquatic product manufacturer suspended exports to China. On April 25, the General Administration of Customs of China announced that it will suspend the acceptance of import declarations for products from South Korean HANNIL COLD STORAGE CO., LTD. SECOND FACTORYf or 1 week due to the detection of positive nucleic acid for the new coronavirus in the packaging samples of aquatic products imported from Korea.

Industry China

  • MIIT: In the first quarter, China’s software business revenue was 2,006 billion yuan, a year-on-year increase of 11.6%; the software industry’s total profit was 203.1 billion yuan, a year-on-year decrease of 3.9%.
  • SARFT: By the end of 2021, the actual number of cable TV users nationwide was 204 million, a year-on-year decrease of 1.45%; high-definition and ultra-high-definition users were 109 million, a year-on-year increase of 7.92%; smart terminal users were 33.25 million, a year-on-year increase of 11.39%. There are 710 million annual paying users of Internet video, 150 million annual paying users of Internet audio, and more than 700 million users of uploading short videos.
  • CINNO Research: In the first quarter, smartphone sales in mainland China were approximately 74.39 million units, down 14.4% year-on-year. Among them, OPPO ranked first in sales, down 37.6% year-on-year; the second in sales was Honor, up 176.0% year-on-year. With the severe shortage of supply chain operating rates and general delays in logistics caused by the epidemic, the decline of smartphones will continue.

China

  • State Administration for Market Regulation: Deploy and carry out special enforcement actions against unfair competition in 2022, highlight key areas, and focus on the competition order in areas such as people’s livelihood and new consumption, important commodity and factor markets, and the new economy. Highlight key industries, focusing on early education, intermediary, third-party evaluation, medical hair transplant and other industry chaos issues.
  • A number of important national standards were released centrally. The State Administration for Market Regulation (Standard Committee) released a batch of important national standards on April 25, covering areas such as living consumption, textiles, ecological environment, and public safety.
  • Beijing Daxing International Airport Comprehensive Bonded Zone was officially put into operation. On April 25, the first batch of goods in the Comprehensive Bonded Area of ​​Beijing Daxing Airport was successfully cleared, marking that the Comprehensive Bonded Area of ​​Daxing Airport has officially entered the operation stage.
  • Harbin announced the first batch of 400 key projects. The project will focus on building “the capital of advanced manufacturing” and “the capital of modern agriculture”, with a total investment of 334.1 billion yuan and an annual planned investment of 56 billion yuan.

Company

  • Musk in a $44 billion deal to take Twitter private. Musk will buy Twitter for $54.20 per share, or about $44 billion in total. The deal is expected to close in 2022, after which Twitter will become a privately held company.
  • Tesla: In the first quarter, revenue in the Chinese market reached US$4.65 billion, a year-on-year increase of 52.8%. The sharp increase in revenue in China was mainly due to the increase in production and delivery of the Shanghai Gigafactory. At present, China is Tesla’s second largest market, accounting for 24.8% of its revenue; the United States is still Tesla’s most important market, with revenue from the U.S. market reaching $8.734 billion in the first quarter, accounting for 46.56% of total revenue.
  • Kuaishou E-commerce(快手电商): Release the “Quick Brand Support Plan”, which will help Kuaishou brands from five aspects: traffic bonus, cold start benefits, product privileges, marketing activities, and exclusive services. In terms of traffic, more than 23 billion traffic will be used to help fast brand growth. In 2022, Kuaishou E-commerce plans to support 500 Kuaishou brands.
  • POP Mart(泡泡玛特): The first store in Oceania landed in New Zealand. Recently, Bubble Mart Oceania’s first store officially opened in Auckland, New Zealand. It is reported that Bubble Mart stores in Japan, South Korea, Australia, the United States and other places are also in preparation.

World

  • The Central Bank of Russia: In order to ensure the continuity of the activities of economic entities in the Russian Federation, starting from 15:30 Moscow time on April 25, the official exchange rate calculation method of foreign currencies against the ruble will be changed. The dollar-ruble exchange rate will be calculated on the basis of data from the Moscow Exchange on the weighted average of trades concluded between 10:00 and 15:30 Moscow time.
  • Japan: Strong support for the battery industry. According to a recent report by Japan’s NHK, Japan’s Ministry of Economy, Trade and Industry stated that in the future, Japan will target China and South Korea to vigorously develop new energy and battery industries, and plans to increase Japan’s battery production capacity to 600GWh by 2030, occupying 20% ​​of the global market share .
  • Cambodia: In the first two months, the investment in non-special economic zones increased significantly year-on-year. According to a recent report by Cambodia’s “Cambodia Daily”, in the first two months of this year, the Cambodia Development Council (CDC) approved a total of 35 non-special economic zone investment projects, totaling US$2 billion, a year-on-year increase of 236.5%.
  • New Zealand: Inflation hit a 30-year high in the first quarter. Statistics New Zealand recently released data showing that in the first quarter of this year, New Zealand’s consumer price index (CPI) rose by 6.9% year-on-year, the largest increase since the second quarter of 1990, due to rising construction costs and fuel prices.
  • Argentina: The Immigration Service has abolished entry and exit passport stamps and replaced them with digital stamps.
  • Bangladesh requires travelers to fill out a health declaration form online before entering the country. The Civil Aviation Authority of Bangladesh recently issued an announcement stating that all inbound passengers must fill in a health declaration form online within 3 days before entry to shorten the entry clearance time for passengers and reduce the risk of epidemic infection.