1. Brilliance Group officially went bankrupt and reorganized. This reorganization only involves the self-owned brand of the group’s headquarters, and does not involve the group’s listed companies and joint ventures with BMW and Renault. As BMW’s most important partner in China, the group is expected to achieve a rebirth after the reorganization and do its utmost to recover the losses of creditors. At the same time, BMW Brilliance is still a stable source of profits in the future, and it will continue to launch new products and expand its scale.
  2. Brazil received 120,000 doses of Chinese vaccine from China.
  3. Saudi Arabia and Iraq reopened important border crossings. Saudi Arabia and Iraq reopened the Al Al Port on the 18th, marking the first time the two countries officially reopened this important border port after 30 years. With the reopening of ports, economic cooperation and trade exchanges between the two countries are expected to be strengthened. After the reopening of the Al Al Port, it will be open to both personnel and goods trade.
  4. As of November 19, the ex-factory price of domestic industrial-grade propylene glycol was 12466 yuan/ton. Compared with Nov. 17, the average price was increased by 1,800 yuan/ton, an increase of 16.87%; compared with Nov. 1, the average price was increased by 3130 Yuan/ton, an increase of 33.57%. The reason for the surge was the strong rise of the raw material propylene oxide, and the recent increase in foreign trade orders, and the shortage of market spot. According to the industry, the supply of propylene glycol in the current market basically depends on “grabbing”, and there is basically no stocking in the market.
  5. China is the world’s largest heavy-duty truck market, and China’s total delivery volume next year may range from 1 million to 1.2 million vehicles.
  6. US CNBC released a report showing that China will become the world’s largest luxury goods market in 2025. Bain & Company stated that Chinese consumers account for 1/3 of global luxury goods consumption. It is expected that the global luxury goods market will return to 2019 levels by the end of 2022 or early 2023, driven by digital sales growth and strong growth in China.
  7. Gartner: In 2021, global public cloud service end-user expenditures will increase by 18.4%, reaching a total of US$304.9 billion. It is estimated that by 2024, cloud will account for 14.2% of the global enterprise IT consumer market, an increase of 9.1% compared to 2020.
  8. State Grid: At present, more than 1 million charging piles are connected to the smart car networking platform of the State Grid, serving 5.5 million electric vehicle consumers, and a nationwide electric vehicle charging network has been initially formed.
  9. Guangzhou: 24 road test licenses for smart cars have been issued, and 80 autonomous taxis have been launched, which will gradually achieve the goal of driverless taxis.
  10. China has signed 201 cooperation documents for jointly building the “Belt and Road”.
  11. The country’s first multi-provincial and cross-regional cooperation China-Europe train departs from Yiwu. On November 18th, the “Cross-border E-commerce European Special Train” with 100 TEUs departed at Yiwu West Railway Station. The train is organized by 11 China-Europe train operating platforms across the country. It is the first multi-provincial cross-regional cooperation in the country. China-Europe Railway Express. After departing from Yiwu West Railway Station, the train will depart through the Alashankou Port in Xinjiang and is expected to arrive at the Belgian multimodal freight station in Liege in 16 days. The goods will be distributed to various European countries after customs clearance.
  12. The number of China-Europe Express trains passing through Manzhouli Port today exceeded 3,000.