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04

2023-08

Both imports and exports in the first 10 months of China were lower than expected

According to the import and export data released by the General Administration of Customs on the 8th, in the first 10 months of this year, my country's total import and export value was 19.93 trillion yuan, a decrease of 8.1% over the same period last year (the same below). Among them, exports were 11.46 trillion yuan, down 2%; imports were 8.47 trillion yuan, down 15.2%; trade surplus was 2.99 trillion yuan, an increase of 75.3%.

04

2023-08

Expert: It is unrealistic for every screw of C919 to be domestically produced

On November 2, the first domestically-made C919 large passenger aircraft developed by COMAC finally rolled off the production line. This is undoubtedly an exciting thing, but besides the excitement, we also heard various "different" voices, including voices of doubt, voices of dissatisfaction, and voices of worry.

04

2023-08

In the third quarter of 2015, the export volume of my country's hardware products industry increased month by month

From January to September 2015, the cumulative export value of the national hardware industry increased by 5.31% year-on-year, and the growth rate increased by 2.25 percentage points compared with the same period last year. Since the third quarter, the monthly export volume has increased month by month. The export volume completed in September was the highest among the three quarters, and it broke through the export value after the rapid recovery in May in the previous period. This month, the industry's export volume increased by 0.62% year-on-year, turning from negative growth in the first two months to positive growth.

04

2023-08

Import and export statistics of fasteners in China from January to August 2015

According to customs data, from January to August 2015, China exported 1.8408 million tons of fasteners, with an export value of 3.268 billion US dollars. Among them, the top five markets in terms of export value are the United States, Japan, Russia, Hong Kong and Vietnam.

04

2023-08

Embattled EU member states call for action on Chinese steel dumping

EU member states called on Monday that the EU's trade protection weapons should be "full fire" to protect the European steel industry from the impact of Chinese steel "dumping". According to the British "Financial Times", the downturn in the European steel industry is the main reason behind this action by EU member states. The size of the European steel industry workforce has shrunk by a fifth since 2009, and steel demand is 25 percent below levels before the 2008 financial crisis.

04

2023-08

Screw dealers: US industry is already in recession

Some industries in the United States have already fallen into recession? Bloomberg reported on the 4th that the Standard & Poor's 500 trading companies and dealers index (including Fastenal, WW Grainger Inc. and United Rentals Inc.) has fallen by 18% so far this year. The worst record ever. Daniel Florness, Fastenal's chief financial officer, firmly stated in the third-quarter earnings conference call on October 13 that no one knows the current situation of the industry better than Fastenal, and the US industry is really in a state of recession. Fastenal is the largest screw distributor in the United States.

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