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Data shows that in April, Chinas automobile production and sales reached 2.133 million and 2.159 million units respectively, with year-on-year growth of 76.8% and 82.7%. Among them, passenger vehicle production and sales reached 1.778 million and 1.811 million units, with year-on-year growth of 78.5% and 87.7%.
It is reported that since June 1, 2023, for all automobiles and motorcycles declared for import through Shanghai Customs, after the imported vehicles have completed the release procedures and passed the inspection, a pilot issuance of a combined two - certificates Certificate will be carried out.
In 2022, Vietnams economy grew by 8.02%, reaching a 25 - year high. However, in the first quarter of 2023, GDP only grew by 3.32% year - on - year, lower than market expectations.
On the second anniversary of U.S. President Joe Bidens Inflation Reduction Act and CHIPS and Science Act, many large-scale projects face delays or stagnation, with nearly 40% of projects behind schedule. The manufacturing reshoring plan has encountered setbacks, and policy implementation faces multiple challenges, including market and political uncertainties.
Recently, data from Freight Waves SONAR, a provider of supply - chain heat maps, showed that the number of ocean - freight arrival orders in April decreased by half year - on - year, which has raised market concerns about a further slowdown in the US economy.
Recently, the U.S. Consumer Product Safety Commission (CPSC) issued a Notice of Proposed Rulemaking (NPR) concerning safety standards for button batteries and related consumer products. This new requirement aims to eliminate or sufficiently reduce the hazards of children aged 6 and under ingesting button or coin batteries, and will be implemented on button batteries and related products exported to the U.S.
On February 1, 2023, the US Department of Energy issued an announcement announcing revisions to energy conservation standards for consumer conventional cooking products, primarily involving kitchen stoves, ovens, etc. The new standards have several major changes compared to the current standards.
Japan issues new food safety regulations, cancels mandatory inspection measures for aflatoxin in Chinese edible sea urchins and Sichuan peppercorns.
Recently, freight rates for international shipping routes from Shanghai to both the US West Coast and East Coast have risen, with increases of approximately 30% and 20% respectively.
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PSB Record: Shanghai No.31011502009912
