Trade

  • Bicycles: Argentina launches anti-dumping investigation. On December 5, the Trade Secretariat of the Argentine Ministry of Economy issued an announcement that, in response to the application submitted by the Argentine Bicycle and Parts Chamber of Commerce and Industry on behalf of Argentine companies, an anti-dumping investigation was launched on bicycles with a wheel diameter greater than 26 inches originating in China, whether with or without a transmission . The Mercosur tax number of the products involved is 8712.00.10.

Industry

  • UBS Wealth: As of March, there were 2,668 billionaires in the world, compared with 2,755 in the previous year; total wealth also fell from 13.1 trillion U.S. dollars in 2021 to 12.7 trillion U.S. dollars in 2022. A billionaire is someone who has more than $1 billion in assets.
  • The International Air Transport Association: The global aviation industry will return to profitability in 2023, and is expected to achieve a net profit of US$4.7 billion, with a net profit margin of 0.6%. It would be the first profit since 2019.
  • CleanTechica: The market share of plug-in electric vehicles in Germany accounted for 39.4% in November, setting a new historical record, compared with 34.4% in the same period last year, and surpassed the peak of 35.7% in December 2021. Tesla’s Model 3 was the best-selling all-electric car in Germany in November. The Fiat 500 came in second, followed by the Tesla Model Y.
  • China Securities Journal: Global LCD TV panel prices continue to rise weakly. Although panel makers continue to control production, the price of LCD TV panels of mainstream sizes in December is expected to remain unchanged from the previous month due to the impact of brand cut orders. The demand for stocking has cooled down, coupled with the high risk of inventory in the second-tier market, it is expected that the settlement price of 32-inch LCD TV panels in December will be the same as last month, at US$28 per panel.

Industry China

  • Ministry of Industry and Information Technology: As of the third quarter, Shanghai is in a leading position in the country in terms of multiple statistical indicators of 5G network energy level.The number of 5G base stations per 10,000 people in Shanghai is 26.6, ranking second in the country. In 503 key places in Shanghai, the 5G signal coverage rate reached 96.8%, ranking first among municipalities directly under the Central Government.
  • Passenger Federation: In November, the production and retail sales of passenger vehicles were 2.078 million and 1.649 million respectively, a year-on-year decrease of 6.7% and 9.2% respectively. Among them, the production and retail sales of new energy vehicles were 710,000 and 598,000 respectively, a year-on-year increase of 63.5% and 58.2% respectively. From January to November, the production and retail sales of passenger vehicles were 21.231 million and 18.367 million, respectively, a year-on-year increase of 14.9% and 1.8% respectively. Among them, the output and retail sales of new energy vehicles were 5.898 million and 5.030 million respectively, a year-on-year increase of 109.0% and 100.1% respectively.
  • Ministry of Public Security: As of the end of November, the number of motor vehicles in the country reached 415 million, of which the number of cars reached 318 million, and the number of cars per thousand people was 225. The number of motor vehicle drivers in the country has exceeded 500 million, of which 463 million are car drivers, and nearly half of adults hold driver’s licenses. The total number of motor vehicles and drivers ranks first in the world.
  • China Construction Machinery Industry Association: In November, 23,680 excavators of various types were sold, a year-on-year increase of 15.8%. Among them, 14,398 were domestic, a year-on-year increase of 2.74%; 9,282 were exported, a year-on-year increase of 44.4%. Since April 2021, the year-on-year growth rate of domestic excavator sales has turned positive for the first time. From January to November, a total of 244,477 excavators were sold, a year-on-year decrease of 23.3%. Among them, there were 145,738 domestic units, a year-on-year decrease of 43.7%; 98,739 units were exported, a year-on-year increase of 64.9%.
  • Canalys: In the third quarter, China’s PC shipments fell by 13%, while tablet PCs fell by 3% year-on-year. Shipments of desktops and notebooks fell 31 percent and 3 percent, respectively. The consumer tablet market was the lone bright spot in the consumer segment in the third quarter, growing 18% year-over-year.
  • TheElec: In Q4, the capacity utilization rate of DB HiTek, the second largest wafer foundry in South Korea, has dropped to 80%, while the average capacity utilization rate in Q3 was 95%. The capacity utilization rate of foundries such as Key Foundry is only 70%-80%. As the capacity utilization rate of Korean wafer foundries has fallen more than expected, some companies may only operate at a rate of 50%-60% next year.
  • Quna 去哪网: As of December 8, more than 70% of scenic spots across the country have resumed business, and the number of inquiries for hotels and homestays around scenic spots has also risen at a constant rate; Jiangsu, Guangdong, Zhejiang, Henan, and Shaanxi have relatively more open scenic spots. In terms of ticket sales, the number of ticket bookings for national scenic spots in the past week has increased by 130% compared with the previous week.
  • Shenwan Hongyuan Securities (申万宏源证券): In recent years, the growth rate of domestic theaters has slowed down. The number of theaters in 2020/2021 will be 12,057/12,387, a year-on-year increase of 5.3%/2.7%; the corresponding number of screens will reach 82,248 in 2021, a year-on-year An increase of 8.8%. In terms of single-screen output, from 2019 to 2021, it will be 91.9/26.9/572,000 yuan respectively.
  • Japanese media: The global share of 13 types of high-tech products of Chinese enterprises has increased. According to the results of a recent survey by the Nikkei News Agency on the global market share of major products and services in 2021, Chinese companies have expanded their market share in 13 categories of high-tech products such as pure electric vehicles and advanced materials for batteries, the most prominent of which is Pure electric vehicle related fields. Among the 56 categories surveyed, 32 Chinese companies entered the top five in terms of market share, and 21 of them increased their market share.

China

  • The Chinese government and the Palestinian government signed a memorandum of understanding on jointly building the “Belt and Road”.
    At the end of November, China’s foreign exchange reserves increased to US$3.1175 trillion.

Company

  • Unilever is reportedly considering selling its U.S. ice cream brands, including Klondike and Breyers, for as much as $3 billion. However, the Magnum and Ben & Jerry’s brands were not considered.
  • Intel: Hundreds of employees in California will be laid off next month, and it has also begun to encourage employees in global manufacturing departments to take unpaid leave. The company is planning to lay off 111 employees in Folsom and 90 in Santa Clara, where Intel is headquartered, effective Jan. 31 next year.
  • Anshan Heavy Mining Machinery Co., Ltd.（鞍山重型矿山机器股份有限公司）: It plans to invest 26 billion yuan with the consortium to build lithium carbonate and other projects. Among them, the company invested a total of 10 billion yuan in mining and selection and tailings treatment projects and investment in lithium carbonate processing projects, and jointly invested 16 billion yuan in hybrid energy storage and battery core projects with enterprise consortia.
  • Shell Energy: It has pumped nearly $1.5 billion into its UK energy retail business this year to help it weather huge swings in electricity prices. Since late 2021, power companies in the UK have been subject to wild swings in energy prices due to gas supply shortages, exacerbated after Russia slashed supplies to Europe.
  • Huawei: Promised to help 120 million people in remote areas around the world connect to the digital society. Recently, Huawei Chairman Liang Hua announced at the 2022 Sustainable Development Forum that Huawei has joined the ITU’s Partner2Connect digital alliance and promised to provide about 120 million remote populations in more than 80 countries around the world with the ability to connect to the digital society by 2025. .
  • Air New Zealand will increase its flights in Shanghai to three times a week starting next month.

World

  • According to a report on the German website of Reuters, the forecast released by the Federation of German Industries (BDI) recently showed that German industrial production is expected to grow only slightly by 0.25% year-on-year this year, and the outlook for next year will be even more bleak; German exports are expected to grow by 2.5% this year, compared with 9.7% last year. .
  • South Korea: Expand the scope of ban on disposable products again. In order to reduce plastic waste, South Korea has banned the sale of single-use plastic bags in large stores since 2019. Recently, South Korea once again expanded the scope of the ban on disposable products, involving convenience stores, bakeries and sports facilities. South Korea’s Ministry of Environment decided to implement a one-year transition period to reduce the use of disposable products. There are no fines for violations.