News

At the press conference on August 29, the spokesperson of CCPIT said that according to the enterprise's reflection, the freight rates of some popular routes have decreased, and the container shipping market is no longer "hard to find".

Recently, a questionnaire survey conducted by China Council for the promotion of international trade for more than 500 enterprises shows that the main difficulties faced by enterprises are slow logistics, high cost and few orders.

56% of the enterprises said that raw material prices and logistics costs were high. For example, although the freight rates of shipping routes fell in the short term, they were still high in the medium and long term;

62.5% of the enterprises said that the orders were unstable, with more short orders and less long orders. The demands of enterprises are mainly focused on maintaining the stability and smoothness of international and domestic logistics, implementing relief and assistance policies, and facilitating cross-border personnel exchanges. Some enterprises are looking forward to resuming domestic exhibitions and opening up overseas exhibitions to obtain more orders.

Recently, CCPIT has also taken a series of measures to stabilize foreign trade. We will support enterprises to participate in overseas exhibitions by means of "acting as exhibitors" and help enterprises to "guarantee orders and increase orders". Provide diversified international commercial legal services for enterprises, help enterprises prevent risks and stabilize the market.

According to a survey conducted by China Council for the promotion of international trade, the vast majority of enterprises think that they are facing the difficulties of less orders!

According to the data released by the National Bureau of statistics on Wednesday, the purchasing managers' index (PMI) of China's manufacturing industry rose 0.4 percentage points to 49.4% in August from the previous month, but it was still below the boom / bust line.
The manufacturing PMI in August was in line with market expectations, and the PMI index was above 50%, reflecting the overall expansion of the economy; Less than 50%, reflecting the contraction of economic activity.

Xu Tianchen, an economist at the Economist Intelligence Unit, said that in addition to the weather, there are two reasons for the manufacturing PMI to continue to hover below the boom / bust line in August. First, both the commencement and sales of real estate are in a weak position, dragging down the relevant upstream and downstream industries; Second, the epidemic spread from tourist destinations to some industrial provinces in August, which is also one of the reasons affecting manufacturing activities.

"On the whole, in the face of adverse factors such as the epidemic and high temperature, all regions and departments have conscientiously implemented the decisions and arrangements of the Party Central Committee and the State Council, and enterprises have actively responded. China's economy continues to maintain a recovery and development trend." Zhao Qinghe, Senior Statistician of the service industry survey center of the National Bureau of statistics, pointed out.

Zhao Qinghe said that in August, the production index was 49.8%, which was the same as that of the previous month, and the new order index was 49.2%, which was 0.7 percentage points higher than that of the previous month. Both indexes continued to be in the contraction range, indicating that the recovery of production and demand in the manufacturing industry still needs to be strengthened. However, the proportion of enterprises reflecting high raw material costs this month was 48.4%, down 2.4 percentage points from the previous month, and lower than 50.0% for the first time in the year. The cost pressure of enterprises has eased.

Xu Tianchen said that as the high temperature eased, the power supply and demand tended to balance, which was conducive to the recovery of production. In September, the PMI of the manufacturing industry may pick up slightly. However, the overseas replenishment is coming to an end. In particular, the real estate, electronics and other industries that are strongly related to China's exports have shown a recession. The decline in foreign demand will drag down the PMI in the fourth quarter. It is expected that the PMI probability will be below the boom / bust line!