作者： admink

Under the impact of the epidemic, “order backflow” in the textile and garment industry has become the focus of the industry.
Textile companies said their filament exports increased by nearly 60% in the first half of the year as the garment industry in India and Southeast Asian countries was hit hard by the COVID-19 pandemic and some orders were diverted to China.

According to data from China Textile And Apparel Association Industrial Economic Research Institute, India has exported textiles and apparel worth us $21.67 billion in the fiscal year 2020-2021, down 19.3% year-on-year.
CCTV reported that Indian garment companies have lost a large number of garment export contracts due to the inability of workers to go to work amid the new outbreak.

The United States has been the world’s largest economy for 125 consecutive years. However, as the US is being bitten by inflation caused by excess liquidity in the market and burdened with $28.5 trillion in foreign debt, its economic prospects are not optimistic.
The GDP gap between China and the US in 2020 is 6.2 trillion US dollars. According to the economic growth forecast of Goldman Sachs, a well-known investment bank, China’s GDP will reach 110.12 trillion yuan (about 17.05 trillion US dollars) next year, while the US’s GDP in 2021 will be about 22 trillion US dollars. The difference in GDP between the two is $4.95 trillion.
As a result, China’s GDP gap with the United States has narrowed by $1.25 trillion (about 8.07 trillion yuan).

Congestion of cargo ships at ports, quadrupling of average container freight rates.?Christmas tree prices have skyrocketed in the United States ?

Christmas is still some way off, but the price of Christmas trees in the US is already soaring.? Some Christmas tree retailers in the US have raised prices by 20% to 25% to cope with soaring shipping costs, foreign media reported.? They warned that deliveries from overseas producers were being affected by congestion in distribution networks from Asia to Chicago yards in the US. ?

In addition, the ongoing heat wave and drought in many parts of the United States this year has had a devastating effect on many trees, threatening even the large number of Christmas trees planted in the Pacific Northwest and threatening to run out of some popular varieties this year.? American consumers facing a shortage of Christmas trees and soaring prices may have to buy artificial ones for the holidays. ?

The port of Long Beach in Los Angeles is moving toward a 24-hour operation
Global shipping prices have more than quadrupled from a year ago
A large portion of Christmas trees sold in the U.S. come from Asia, but record shipping rates for containers have forced U.S. retailers to raise prices to cope with rising shipping costs. The average shippin?g price for a 40-foot container around the world has more than quadrupled from a year ago to more than $10,000, according to the Global Pricing Index of London-based DRE Shipping Consultants LTD.
Ships have been forced to drift in SAN Pedro Bay in record numbers as all anchorage along the California coastline fills up with ships loaded with containers. Snapshots from MarineTraffic, the online ship-tracking service, have needed to zoom deeper into the ocean as new queues are created every day.

At the ports of Los Angeles and Long Beach, two of the nation’s largest maritime gateways, 95 ships were lined up for berths, according to the Southern California Maritime Exchange on Monday. Of the 95 ships in the queue, 70 are container ships. Notably, 37 ships — including 29 container ships — were forced to drift in the Pacific.
In the process, ships often drift for miles and then return to their original position, which tends to use a lot of fuel. Ships at the back of the queue now have to wait up to three weeks for berths to open.

China is the largest export market in Asia.

Although the external environment facing China’s foreign trade development in the future is still severe and the factors of instability and uncertainty increase,

Chinese products are highly competitive and have the ability to quickly turn around
Market diversification has achieved remarkable results, and exports to the EU and countries and regions along the “Belt and Road” will continue to grow steadily
Stable foreign trade policy is continuously released
A moderate depreciation of the name currency will help ease export pressure to a certain extent.
From a general perspective, with the gradual normalization of the new COVID-19 epidemic in the future, global trade demand will further heat up, and the external market will drive a strong economic recovery in China.

Here are some basic steps to start the business in China.

1) Select the suppliers

Define what kind of suppliers you want to cooperate, e.g. OEM, ODM, or JDM. The suppliers can be searched from international platform, e.g. Alibaba, Amazon, Shopify, or trade shows, etc.
make a supplier audit to understand the situation of the supplier about the capability, scale, QMS, Social accountability, etc., and verify if it is a real and reliable manufacturer. (KFQ can help on this)

2) Sign the agreement

Sign the contract how to cooperate, specify the responsibilities, and protect the interests for both parties, e.g. IP.

3) Negotiate and make the contract/PI

Search/design the products you are interested, confirm the quotation, and sign on the Proforma Invoice.

4) Review the samples and make down-payment

To play safe, ask the supplier to make post production samples, evaluate the function, safety and salability, and then make the down-payment for the commencement of the production.

5) Control the quality at various productions stages

Perform inspections at different production stages, e.g. Initial production, During production, or Pre-shipment, to ensure the goods produced meet your requirements and delivery on-time. (KFQ can help on this)
Supervise the container loading to ensure right goods are stuffed into the container. (KFQ can help on this)

6) Make the balance payment per payment terms

If you are satisfied with the goods quality, release the shipment and make the balance payment per payment terms, e.g. PIA, LC, NET XX days, etc.
To maintain the sustainable good relationship, the importer and supplier should mutually support each other, and respect the contracts/agreements.

 

The imported food products covered in the white paper include fruits and vegetables, meat, poultry and eggs, aquatic products, cold drinks and frozen products, milk and dairy products, cooked food and bakery products, non-staple food of cereals and oils, casual snacks, drinks and beverages, and baby food. Among the surveyed consumers, 57.5 percent of the total food consumption accounted for more than 10 percent of imported food, up nearly 5 percent year-on-year.

With the upgrading of the supply chain, the categories and sources of imported food are becoming more and more diverse, and more and more countries and regions’ delicacies are serving on the tables of Chinese residents. From 1997 to 2017, China increased its food imports from 108 countries and regions to 170, covering 73.9% of the world’s countries and regions.

With the continuous development of the domestic food e-commerce industry, the operation mode of the online platform represented by cofco has become increasingly mature, and the supply chain has been upgraded from source to circulation in an all-round way, helping more high-quality imported food reach the table of Chinese consumers.

The amount of US agricultural products imported by China in the first five months “halved” comparing with same period last year
China’s imports of agricultural products from Brazil, Asean, the European Union, Australia and Canada maintained rapid growth from January to May, while imports of agricultural products from the United States continued to decline rapidly, data from Ministry of Agriculture and Rural Affairs showed Thursday.The amount of agricultural products imported from Brazil rose 20.7% to 76.19 billion yuan from 63.12 billion yuan in the same period last year.imports of US agricultural products fell 55.3% to 32.73 billion yuan from 73.22 billion yuan a year earlier. Soybean imports from January-May totaled 31.751 million tons, down 12.2% year on year, of which 4.309 million tons were imported from the United States from January to April, down 70.6% year on year.The import of pork, beef and mutton increased from January to May, totaling 1.405 million tons.

The main categories of overseas buyers include children’s educational toys, outdoor riding toys, remote control toys, building blocks toys, stress relief toys, IP tide toys, etc., covering the age range of 0-6 months, 3-6 years old, 10-18 years old, 20-40 years old, etc.

Remote control, building block toys

Remote control and building block toys have always been hot sellers. After years of deep cultivation in the market, a number of experienced players of remote control and building block toys have emerged among overseas buyers.

Educational toys for babies and children

Low-age toys have always been in demand in the market. Since the epidemic in 2020, social anxiety has accumulated and anxiety about the future has accelerated the market demand for educational toys.

Building block Toys (science and technology pieces/wooden blocks/Street View/architecture/large particle blocks/wooden table/magnetic chips, etc.)

Since July 1 last year, the General Administration of Customs has achieved remarkable results in the “cross-border e-commerce B2B Regulatory reform pilot project”. According to preliminary customs statistics, China’s cross-border e-commerce import and export maintained a good development trend in the first half of the year, with the total import and export volume reaching 886.7 billion yuan, up 28.6% year on year. Exports totaled 603.6 billion yuan, up 44.1% year on year. Imports reached 283.1 billion yuan, up 4.6% year on year.

China hits human rights milestone in achieving moderate prosperity
China has hit another milestone in human rights as all-round moderate prosperity is achieved in the country with a population about one-fifth of the world’s total, a white paper said Thursday.