[afternoon News] IMF looks forward to the world economy in 2019: global expansion weakens risk increases * Tangshan initiates Class II Emergency response to heavily polluted Weather-Shanghai Metals Market

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[afternoon News] IMF looks forward to the world economy in 2019: global expansion weakens risk increases * Tangshan initiates Class II Emergency response to heavily polluted Weather

Translation 11:48:23AM Jan 22, 2019 Source:Shanghai Nonferrous Metals Network
The content below was translated by Tencent automatically for reference.

Metal news

[IMF looks to the world economy 2019: the risk of weakening global expansion increases] although global growth in 2018 is still close to its post-crisis peak, global economic expansion is weakening and weakening slightly faster than expected. According to the latest forecasts in the current issue of the World Economic Outlook, the global economy will grow by 3.5% in 2019 and 3.6% in 2020, 0.2 and 0.1 percentage points lower than last October's forecast. The downgrade is modest, but we believe the risk of a more significant downturn in the economy is rising. Although financial markets in advanced economies did not appear to have been affected by trade tensions for most of 2018, these two aspects have recently begun to intertwine, leading to tighter financial conditions and increased risks to global growth. "View detail

[us Government shuts down "full Moon" short loan Company doing brisk Business] according to overseas media reports, US President Trump offered to "provide temporary protection to about 1 million illegal immigrants" in a speech at the White House on the 19th local time. In exchange for congressional Democrats to "allow" the construction of the separation wall on the border between the United States and Mexico. Congressional Democrats, led by House Speaker Pelosi, refused. In response to Trump's statement, Pelosi said Trump's proposal was "insincere" and that Democrats would not compromise. Previously, Democrats had been demanding that Trump provide citizenship for illegal immigration children, rather than temporary protection. The US government shutdown has triggered a "butterfly effect", in which the financial pressure on 800000 government employees who are not paid is undoubtedly increasing. Although these people account for less than 1 per cent of total US employment, this will mean a decline in consumer spending in parts of the country where the proportion of government employees is high, with a broader impact on the US economy. "View detail

Terminal market

[the recall rate behind the rapid development of new energy vehicles is as high as 13 per cent. The devaluation of three years old is more than half] according to statistics, the proportion of recalls of new energy vehicles last year was as high as 13.46 per cent. Tesla, a high-end new energy vehicle, suffered layoffs. Although new energy vehicles represent the future, but there are many problems to be solved, these industry problems should not be avoided. Despite the overall poor performance of the car market in 2018, new energy vehicles, which are still growing, rose against the trend. Sales of new energy passenger cars were 1.008 million in 2018, up 88.5 per cent from a year earlier, according to data released by the National Ride Federation. However, while the sales of new energy vehicles have soared, according to the reporter's market research, in the minds of consumers, new energy passenger cars have not formed extensive and unified cognition and recognition. The main reason for consumers to buy cars is still the dual policy of financial subsidies and unlimited license plates. "View detail

[will Canada ban Huawei's 5G will bear the consequences? Foreign Ministry: the responsibility is not ours] Lu Shaye, China's ambassador to Canada, said in an interview last week that if Canada banned Huawei from participating in the 5G project, it would bear the consequences. Do you have any comment on that? Why is China warning of the consequences of decisions made by other governments? A: did you take a closer look at Ambassador Lu Shano's interview? I understand that what he means is not that the Chinese side interferes with the decision-making of the Canadian government. As we all know, Huawei is a leading global supplier in the field of 5G, and it must be a loss not to cooperate with Huawei. "View detail

[last year's mainstream auto group sales target failed to achieve the completion rate of individual car companies less than 50%] the reporter incomplete statistics found that in 2018, all the major auto groups failed to meet the annual sales target. In terms of single brand, only a few car companies, such as Beijing Mercedes-Benz, BAIC New Energy, FAW Toyota and so on, achieved their annual sales targets last year. The completion rate of most car companies is generally on the low side, and the completion rate of individual enterprises is even less than 50%.

It is rumored that Xuyang Reddy, the second largest photovoltaic enterprise in Jiangxi Province, announced layoffs and bankruptcy reorganization to its internal employees on January 19. An industry insider, who spoke on condition of anonymity, forwarded to the reporter the signature of "Jiangxi Xuyang Reddy High-tech Co., Ltd." with an announcement and a notice stamped with the company's official seal. According to the above announcement, Asahi said the company "actively looking for new partners, plans to resume production after the Spring Festival 2019," due to "market problems can only be temporarily shelved." In addition, since Changzhou Jinggui New Energy Technology Co., Ltd., one of the company's creditors, has filed an application for bankruptcy reorganization with the Jiujiang Intermediate people's Court against Xuyang Redi, the Jiujiang Intermediate people's Court has accepted the relevant materials. The bankruptcy reorganization process of the company is about to begin. "View detail

Related market

Investigation on the interest chain of illegal dismantling and Sale of cars in villages and towns in Jiangsu Province: the parts of scrapped cars here flow to the whole country] at present, there are millions of scrapped cars in our country every year. According to the national measures for the recovery and management of scrapped vehicles, the scrapped vehicles can be recovered and dismantled only if they are qualified. A recent secret visit by a Xinhua View reporter in Taolin Town, Donhai County, Lianyungang City, Jiangsu Province, found that hundreds of local households and tens of thousands of people are engaged in the business of illegally dismantling scrapped cars, forming a chain of interests for illegal purchase, dismantling, renovation, and sale. The state strictly forbids the transaction of the scrapped vehicle "five assemblies" or even the whole vehicle to flow to the whole country. "View detail

[178 projects in Xiamen will focus on starting the first lithium-ion battery material enterprise in China] a few days ago, major development areas such as Xiamen City and the New Town around the East Sea area held centralized project construction activities in the first quarter. Construction began on 178 projects with a total investment of 62.9 billion yuan, including 92 projects with a total investment of more than 100 million yuan, covering major industrial chain groups, infrastructure and other fields. Among them, Xiamen tungsten project has a total investment of 3.26 billion yuan, which will become the first lithium-ion battery material enterprise in our country.

[EU vigorously promotes research and development of magnesium batteries] the Ulm Helmholtz Institute of Research and Technology in Germany and the Karlsruhe Institute of Technology are jointly developing magnesium-based energy storage technology, for which the European Union has invested more than 6.5 million euros. It brings together the expertise of 10 scientific research institutions in Europe, and if the project is successful in the future, it is expected to replace the existing lithium-ion batteries.

Key Words:  Afternoon news  data  metal  inventory 

[afternoon News] IMF looks forward to the world economy in 2019: global expansion weakens risk increases * Tangshan initiates Class II Emergency response to heavily polluted Weather

Translation 11:48:23AM Jan 22, 2019 Source:Shanghai Nonferrous Metals Network
The content below was translated by Tencent automatically for reference.

Metal news

[IMF looks to the world economy 2019: the risk of weakening global expansion increases] although global growth in 2018 is still close to its post-crisis peak, global economic expansion is weakening and weakening slightly faster than expected. According to the latest forecasts in the current issue of the World Economic Outlook, the global economy will grow by 3.5% in 2019 and 3.6% in 2020, 0.2 and 0.1 percentage points lower than last October's forecast. The downgrade is modest, but we believe the risk of a more significant downturn in the economy is rising. Although financial markets in advanced economies did not appear to have been affected by trade tensions for most of 2018, these two aspects have recently begun to intertwine, leading to tighter financial conditions and increased risks to global growth. "View detail

[us Government shuts down "full Moon" short loan Company doing brisk Business] according to overseas media reports, US President Trump offered to "provide temporary protection to about 1 million illegal immigrants" in a speech at the White House on the 19th local time. In exchange for congressional Democrats to "allow" the construction of the separation wall on the border between the United States and Mexico. Congressional Democrats, led by House Speaker Pelosi, refused. In response to Trump's statement, Pelosi said Trump's proposal was "insincere" and that Democrats would not compromise. Previously, Democrats had been demanding that Trump provide citizenship for illegal immigration children, rather than temporary protection. The US government shutdown has triggered a "butterfly effect", in which the financial pressure on 800000 government employees who are not paid is undoubtedly increasing. Although these people account for less than 1 per cent of total US employment, this will mean a decline in consumer spending in parts of the country where the proportion of government employees is high, with a broader impact on the US economy. "View detail

Terminal market

[the recall rate behind the rapid development of new energy vehicles is as high as 13 per cent. The devaluation of three years old is more than half] according to statistics, the proportion of recalls of new energy vehicles last year was as high as 13.46 per cent. Tesla, a high-end new energy vehicle, suffered layoffs. Although new energy vehicles represent the future, but there are many problems to be solved, these industry problems should not be avoided. Despite the overall poor performance of the car market in 2018, new energy vehicles, which are still growing, rose against the trend. Sales of new energy passenger cars were 1.008 million in 2018, up 88.5 per cent from a year earlier, according to data released by the National Ride Federation. However, while the sales of new energy vehicles have soared, according to the reporter's market research, in the minds of consumers, new energy passenger cars have not formed extensive and unified cognition and recognition. The main reason for consumers to buy cars is still the dual policy of financial subsidies and unlimited license plates. "View detail

[will Canada ban Huawei's 5G will bear the consequences? Foreign Ministry: the responsibility is not ours] Lu Shaye, China's ambassador to Canada, said in an interview last week that if Canada banned Huawei from participating in the 5G project, it would bear the consequences. Do you have any comment on that? Why is China warning of the consequences of decisions made by other governments? A: did you take a closer look at Ambassador Lu Shano's interview? I understand that what he means is not that the Chinese side interferes with the decision-making of the Canadian government. As we all know, Huawei is a leading global supplier in the field of 5G, and it must be a loss not to cooperate with Huawei. "View detail

[last year's mainstream auto group sales target failed to achieve the completion rate of individual car companies less than 50%] the reporter incomplete statistics found that in 2018, all the major auto groups failed to meet the annual sales target. In terms of single brand, only a few car companies, such as Beijing Mercedes-Benz, BAIC New Energy, FAW Toyota and so on, achieved their annual sales targets last year. The completion rate of most car companies is generally on the low side, and the completion rate of individual enterprises is even less than 50%.

It is rumored that Xuyang Reddy, the second largest photovoltaic enterprise in Jiangxi Province, announced layoffs and bankruptcy reorganization to its internal employees on January 19. An industry insider, who spoke on condition of anonymity, forwarded to the reporter the signature of "Jiangxi Xuyang Reddy High-tech Co., Ltd." with an announcement and a notice stamped with the company's official seal. According to the above announcement, Asahi said the company "actively looking for new partners, plans to resume production after the Spring Festival 2019," due to "market problems can only be temporarily shelved." In addition, since Changzhou Jinggui New Energy Technology Co., Ltd., one of the company's creditors, has filed an application for bankruptcy reorganization with the Jiujiang Intermediate people's Court against Xuyang Redi, the Jiujiang Intermediate people's Court has accepted the relevant materials. The bankruptcy reorganization process of the company is about to begin. "View detail

Related market

Investigation on the interest chain of illegal dismantling and Sale of cars in villages and towns in Jiangsu Province: the parts of scrapped cars here flow to the whole country] at present, there are millions of scrapped cars in our country every year. According to the national measures for the recovery and management of scrapped vehicles, the scrapped vehicles can be recovered and dismantled only if they are qualified. A recent secret visit by a Xinhua View reporter in Taolin Town, Donhai County, Lianyungang City, Jiangsu Province, found that hundreds of local households and tens of thousands of people are engaged in the business of illegally dismantling scrapped cars, forming a chain of interests for illegal purchase, dismantling, renovation, and sale. The state strictly forbids the transaction of the scrapped vehicle "five assemblies" or even the whole vehicle to flow to the whole country. "View detail

[178 projects in Xiamen will focus on starting the first lithium-ion battery material enterprise in China] a few days ago, major development areas such as Xiamen City and the New Town around the East Sea area held centralized project construction activities in the first quarter. Construction began on 178 projects with a total investment of 62.9 billion yuan, including 92 projects with a total investment of more than 100 million yuan, covering major industrial chain groups, infrastructure and other fields. Among them, Xiamen tungsten project has a total investment of 3.26 billion yuan, which will become the first lithium-ion battery material enterprise in our country.

[EU vigorously promotes research and development of magnesium batteries] the Ulm Helmholtz Institute of Research and Technology in Germany and the Karlsruhe Institute of Technology are jointly developing magnesium-based energy storage technology, for which the European Union has invested more than 6.5 million euros. It brings together the expertise of 10 scientific research institutions in Europe, and if the project is successful in the future, it is expected to replace the existing lithium-ion batteries.

Key Words:  Afternoon news  data  metal  inventory