Global economic and trade trends

release time:2023/3/3

What to watch today
1. UK inflation reached a record 17.1%
2. Sweden's economy will grow by 2.4% in 2022
3. The EU announced to extend the sanctions against Belarus for one year
4. In 2022, China's gross national income will increase by 2.8% over the previous year
5. In 2022, China's new tax reduction and tax refund and tax deferment will exceed 4.2 trillion yuan
Import foreign trade agent
UK: inflation reached a record 17.1%
According to Reuters, a study released by the international consulting company "Kaidu" on February 28 showed that the inflation rate of British groceries reached 17.1% in the four weeks ended February 19, a new record high. According to the study, the annual shopping expenditure of British households will increase by 811 pounds (about 6758 yuan) due to inflation. Research shows that the prices of products in the milk, egg and margarine markets have risen the fastest.
(Source: China News Network)
Sweden: 2.4% economic growth in 2022
According to the data released by the Swedish Central Bureau of Statistics on February 28, Sweden's GDP shrank by 0.9% in the fourth quarter of last year and grew by 2.4% in the whole year. According to the data, although the Swedish economy achieved growth in the whole year of last year, compared with the third quarter, exports fell by 1% and imports fell by 1.1% in the fourth quarter. In addition, household consumption in Sweden fell by 0.2% in the fourth quarter of last year, while household real disposable income fell by 2.7%.
(Source: CCTV News Client)
EU: Announce the extension of sanctions against Belarus for one year
On February 27, the European Council announced that it had decided to extend the sanctions against Belarus for one year until February 28, 2024. The EU has imposed sanctions on Belarus since August 2020, including a considerable number of import and export bans, covering finance, transportation and investment. The EU and its member states will also continue to freeze the assets of 195 individuals, 34 institutions and enterprises in Belarus in the EU.
(Source: CCTV News Client)
US: Consumer confidence index fell again in February
According to the report released on February 28 by the Conference Board, a US business research organization, the US consumer confidence index recorded 102.9 in February, the second consecutive month of decline. Ozil Dilin, senior director of the economic department of the agency, said that the consumer confidence index continued to decline from 106 in January, reflecting a sharp decline in the confidence of families aged 35 to 54 and families with an annual income of 35000 dollars or more.
(Source: China News Network)
Canada: GDP growth basically stagnated in the fourth quarter of 2022
According to the GDP data released by Statistics Canada on February 28, after five consecutive quarters of growth, Canada's real gross domestic product (GDP) in the fourth quarter of 2022 increased by almost zero compared with the previous quarter. On a monthly basis, Canada's real GDP in December 2022 decreased slightly by 0.1% compared with the previous month, while in November it increased slightly by 0.1%. Although the service production industry was basically flat in December, the commodity production industry fell 0.6% month-on-month.
(Source: China News Network)
Gross national income in 2022 will increase by 2.8% over the previous year
On February 28, the National Bureau of Statistics issued a statistical bulletin on national economic and social development in 2022. According to the data, the per capita GDP in 2022 will be 85698 yuan, an increase of 3.0% over the previous year. The gross national income was 119721.5 billion yuan, an increase of 2.8% over the previous year.
(Source: CCTV)
In 2022, China's new tax reduction and tax refund and tax deferment will exceed 4.2 trillion yuan
On March 1, the Information Office of the State Council held a series of thematic press conferences on the theme of "Opening remarks of authoritative departments". Liu Kun, Minister of the Ministry of Finance, said that in 2022, the new tax cuts and tax rebates and tax deferrals will exceed 4.2 trillion yuan, which will reduce the proportion of China's tax revenue to GDP from 17% in 2018 to 13.8% in 2022. In the whole year, the scale of central and local transfer payments reached 9.71 trillion yuan, an increase of 1.42 trillion yuan, or 17.1%. Throughout the year, the national science and technology expenditure was 1002.3 billion yuan, up 3.8% year on year.
(Source: CCTV)
China's manufacturing purchasing manager index (PMI) in February rose 2.5 percentage points from January
On March 1, the website of the National Bureau of Statistics announced the operation of China's purchasing managers' index in February 2023. The data shows that China's manufacturing PMI in February was 52.6%, higher than the critical point, and the manufacturing boom level continued to rise. The PMI of large, medium and small enterprises was 53.7%, 52.0% and 51.2% respectively, all above the critical point. At the same time, the non-manufacturing business activity index was 56.3%, up 1.9 percentage points from January, higher than the critical point, and the non-manufacturing industry recovered and developed well.
(Source: CCTV)
The 6th China Import and Export Expo released the first batch of buyers' intention demand
On March 1, the 6th China Import and Export Expo released the first batch of buyers' intended demand, involving 26 categories and 100 products. The Expo will be held in Shanghai from November 5 to 10, 2023. The buyers' intention demand released this time mainly comes from the hospitals affiliated to the National Health and Health Commission trading group and the relevant enterprises of Shanghai trading group, Zhejiang trading group and Shenzhen trading group, covering all six exhibition areas of the Expo.
(Source: Xinhuanet)
In 2022, the transaction scale of China's sharing economy market will increase by about 3.9% year on year
Recently, the National Information Center officially released the China Sharing Economy Development Report (2023). According to the report, the transaction scale of China's sharing economy market in 2022 will be about 3832 billion yuan, with a year-on-year increase of about 3.9%. In 2022, China's share economy market will continue to expand, continue to play an active role in enhancing the resilience of economic development and stabilizing employment, and highlight highlights in the main areas of the share economy; Shared services and consumption continue to play an important role in stabilizing growth.
(Source: China News Network)
China's new energy vehicles have a strong momentum of "going to sea"
At the beginning of 2023, China's new energy vehicle exports showed a strong momentum, with a year-on-year growth of 48.2% in January. According to the data of the China Association of Automobile Manufacturers, in the whole year of 2022, the export of domestic new energy vehicles will reach 679000, an increase of 1.2 times year on year. The relevant person in charge of GAC Group said that GAC strives to break the global sales volume of one million vehicles by 2025 and 1.5 million vehicles by 2030; SAIC-GM Wuling said that in the future, China Wuling New Energy will increase its global strategic layout, find its own positioning, adhere to the development of overseas markets, and help the ecological construction of new energy travel in overseas markets.
(Source: Xinhuanet)
Austria does not require passengers from China to show negative nucleic acid test certificate before boarding from March 1
According to the WeChat official account of the Chinese Embassy in Austria, according to the latest adjustment made by the Austrian Ministry of Health on February 27 to the "entry regulations on COVID-19 in Austria", passengers from China will no longer be required to show negative nucleic acid test certificates before boarding from March 1, and will no longer check the test reports after arriving in Austria.
(Source: China Overseas Chinese Network)
The 32nd Inner Mongolia International Agricultural Expo in 2023
Planned time: March 12-14
Place: Inner Mongolia International Convention and Exhibition Center
Contents: fertilizer and fertilizer raw materials, biological products, pesticides and pesticide raw materials, seeds, agricultural facilities technology and products, etc
Exhibition contact: 0471-5291765
Official website: www.nmgnbh.com/
2023 The 7th China Yiwu International Auto Parts Fair
Planned time: March 13-15
Place: Yiwu International Expo Center
Contents: auto parts, motorcycle parts, new energy vehicle parts, on-board electronic appliances, auto cleaning and maintenance products, etc
Exhibition contact: 0579-85236222
Official website: www.lizfair.com

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