Newsletter
2012 No. 25 Issue –International Trade
China glass industry faced excess capacity
Chinese enterprises built 13 new production lines this year while the production volume of plate glass in China decreased by 3.2% compared with the same period last year. Some plate glass production lines stopped working because of the shrinking domestic demand. The production capacity of plate glass in China has increased by 235% since 2005. The plate glass industry was now in the status of loss.
International fashion brands close their mill in China
According to the industry report, some international fashion brands, including Adidas and Coach, are planning to close their production mill in China. About 40% international fashion brands will choose Vietnam, Pakistan, Bangladesh, and the United States to open new their mill. Their above change in strategy is caused by the rise of raw material and labor cost in China.
The demand for cotton in China this year keeps stable
Chinese government indicated in an official working conference that the demand for cotton in China this year kept stable. Chinese government are now using temporary reserves policy to keep the balance of domestic demand and supply and the stable operation of domestic market with the international market resource and domestic reserves. Chinese government is now trying to decrease the negative impact of the unstable operation of the international market to domestic market.
China wine market size will exceed RMB 70 billion
China wine market size will exceed RMB 70 billion and is still increasing by 5% per year. It is estimated that China will be the biggest wine market in the world. Although wine price kept falling since last year in the world market, the wine price began to rise because the consumption season in China had begun.
China becomes new market of Australia citrus
China has become new market of Australia citrus with the increase of citrus consumption in China. Although Australia citrus entered the Chinese market in Year 2005, its sales were not good until Year 2011. Meanwhile, the demand for Australia citrus is very weak in Australia.
Demand for coal in China shrank sharply
China imported about coal of 4,500,000 tons per month in the first 7 months of Year 2012. However, the import figure fell to 2,600,000 tons per month in the August. The weak demand of China steel industry caused the fall of coal price and now its price has fallen to US$ 170 per ton. As the coal consumption of China steel industry accounted for 50% of global coal consumption, the above change caused a serious blow to the American coal producer who relied on the export to China.
The demand for ethylene in China by 2015 will exceed 38,000,000 tons
The demand for ethylene in China kept increasing with the development of industry of construction material, home appliance and cars. The demand for ethylene in China in 2012 exceeded 31,120,000 tons. According to industry estimate, the demand for ethylene in China by 2015 will exceed 38,000,000 tons. For single ethylene product, the domestic supply in China could meet the requirement. However, the supply of other ethylene products still depended on the import.
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