Shipping market is no longer "difficult to find a container"
According to our company quoted CCTV news: in the press conference on August 29, the spokesperson of CCPIT said that according to the reflection of enterprises, the freight rates of some popular routes have been reduced, and the container shipping market is no longer "difficult to find a container".
A recent survey of more than 500 enterprises conducted by the China Council for the Promotion of International Trade (CCPIT) shows that the main difficulties facing enterprises are slow logistics, high costs and few orders.
56% of the enterprises said that raw material prices and logistics costs are high. For example, shipping lines are still at a medium - to long-term high despite a short-term decline.
62.5%enterprises said that orders were unstable, with more short orders and fewer long orders. The demands of enterprises mainly focus on maintaining the stability and smooth flow of international and domestic logistics, implementing relief and assistance policies, and facilitating cross-border personnel exchanges. Some enterprises are looking forward to the resumption of domestic exhibitions and the opening of overseas exhibitions to get more orders.
Sun Xiao, spokesman for the China Council for the Promotion of International Trade (CCPIT) : We also noticed some positive factors in our survey. In the past three months, with the epidemic under effective control in China and the implementation of the "package" policies to stabilize the economy accelerated, imports and exports have stabilized and picked up, and business expectations and confidence are gradually improving.
Recently, CCPIT has also taken a series of measures to stabilize foreign trade. Support enterprises to go to overseas exhibitions in ways such as "participating on behalf of exhibitors", and help enterprises to "guarantee orders and increase orders". We provide diversified international commercial legal services to help enterprises prevent risks and stabilize the market.
Sun Xiao, spokesperson for the China Council for the Promotion of International Trade (CCPIT) : In the first seven months of this year, 906 COVID-19 force majeure certificates were issued to 426 enterprises, guiding enterprises to reduce or cancel their liabilities for breach of contract according to law, involving a total amount of 3.653 billion US dollars, effectively helping enterprises to secure customers and keep orders.
The shortage of orders is the main difficulty for enterprises
According to the results of a survey conducted by the China Council for the Promotion of International Trade (CCPIT), the vast majority of enterprises believe that they are facing fewer orders.
China's manufacturing purchasing managers' index (PMI) rose 0.4 percentage points from the previous month to 49.4 percent in August, the National Bureau of Statistics (NBS) said on Wednesday, but that was still below the line separating expansion from contraction.
The manufacturing PMI for August was in line with market expectations and above 50%, reflecting the overall expansion of the economy; A level below 50 percent reflects a contraction in economic activity.
Xu Tianchen, an Economist Intelligence Unit analyst, said that apart from weather factors, the manufacturing PMI continued to hover below the line between expansion and contraction in August for two reasons. First, both the construction and sales of real estate are in a weak position, dragging down the relevant upstream and downstream industries; Second, the spread of the virus from tourist destinations to some industrial provinces in August also contributed to the impact on manufacturing activity.
"On the whole, in the face of the epidemic, high temperature and other adverse factors, all regions and departments earnestly implemented the decisions and arrangements of the Party Central Committee and The State Council, and enterprises actively responded, and the Chinese economy continued to maintain the momentum of recovery and development." National Bureau of Statistics service industry survey center senior statistician Zhao Qinghe pointed out.
In August, the production index stood at 49.8 %, unchanged from the previous month, while the new orders index stood at 49.2 %, up 0.7 percentage points from the previous month. Both indexes remained in contractionary territory, indicating that the recovery in manufacturing production still needs to strengthen, he said. However, the proportion of enterprises reflecting the high cost of raw materials in this month was 48.4%, down 2.4 percentage points from the previous month and below 50.0% for the first time this year, indicating that the cost pressure of enterprises has eased somewhat.
Xu Tianchen, however, said the manufacturing PMI may pick up slightly in September as high temperatures ease and power supply and demand balance tends to support production recovery. However, overseas replenishing has come to an end, especially the real estate, electronics and other industries related to China's strong export have shown recession, and the decline of external demand will drag down the PMI in the fourth quarter. It is expected that the PMI will be below the line of expansion and contraction.
Post time: Sep-08-2022