News breakfast

"rising factors

1. Passenger Association: retail sales of passenger cars increased by 18% month-on-month in the second week of May.

According to the Federation of passengers, the retail performance of the passenger car market improved in the second week of May (November-17), with an average daily retail sales of 39000 vehicles in the first week, down 3 per cent from a year earlier. The month-on-month growth in the second week of May was 18%. Compared with the slowdown in the month-on-month growth in the second week of May, the trend of retail sales picked up obviously in May this year.

2. Ministry of Industry and Information Technology: the global automobile supply chain knows no national boundaries, and industry enterprises should make concerted efforts to strengthen cooperation. "

Yesterday, the Ministry of Industry and Information Technology organized a seminar on a smooth global automobile supply chain to discuss major issues related to the development of the automobile industry, and jointly promote the recovery and development of the global automobile industry after the epidemic. The Minister of Industry and Information Technology stressed that the automobile industry is a typical international and market-oriented industry, the epidemic situation knows no national boundaries, the global automobile supply chain has no national boundaries, and industry enterprises should make concerted efforts and strengthen cooperation to meet the challenges of the epidemic. The Chinese government will unswervingly open wider to the outside world, continue to optimize the business environment, promote high-quality economic development, and provide more cooperation opportunities for the world.

3. Great Wall Motor: China's car sales in the second half of the year may reach last year's level.

Wang Fengying, vice chairman of Great Wall, said sales in China's overall auto industry could rebound in the second half of the year and reach the level of a year ago.

4. In April, the working hours of Komatsu excavator reached 143, the highest in nearly 18 months.

On May 19, Komatsu's official website released the data of Komatsu excavator working hours. Data show that the number of working hours of Komatsu excavators in China reached 143 hours in April 2020, an increase of 26.1% month-on-month and 2.9% year-on-year, reaching the highest level since October 2018. Affected by the epidemic, the number of working hours of Komatsu excavators in China was only 30.6 hours in February this year. With the intensification of domestic efforts to resume work and production, the number of working hours of Komatsu excavators in China rebounded rapidly in March, reaching 113.4, but the year-on-year growth rate was still negative, that is,-16.8%. This index continued to pick up in April, with year-on-year growth turning from negative to positive.

Downside factor

1. There are 25 new confirmed cases of new crown pneumonia in the largest slum in India, with a total of 1378 cases.

According to Indian media reports, 25 new confirmed cases of crown pneumonia were added to the Talawi slum in Mumbai on May 20, bringing the total number of confirmed cases to 1378. There were no new deaths and 56 deaths in the past 24 hours. Tarawi is the largest slum in India and one of the largest in Asia.

2. 21 real estate agents, including the speculation of "school district housing", have been investigated in Beijing.

Recently, the law enforcement departments of the Beijing Municipal Housing and Construction Commission, together with the housing management law enforcement departments of 10 districts, including the Dongcheng Housing and Construction Commission, carried out inspection of the real estate market, both online and offline, strictly investigated and issued incomplete entrustment procedures, false propaganda of "unlimited purchase", hype of "school district housing", and illegal acts that disturb the market order, such as illegal group renting and illegal leasing, and 21 real estate brokerage agencies were investigated and dealt with.

3. On the first day of the third year of senior high school in South Korea, two students diagnosed that 66 high schools in Incheon had suspended their return to school.

South Korean media reported that on the 20th, the first day of the school year off the line of senior high school in South Korea, two high school students were diagnosed with new crown pneumonia, and all the junior high school students from 66 high schools in five districts of Incheon went home.

4. The Ministry of National Defense stated that the Taiwan issue is China's internal affairs without any external interference.

Us Secretary of State Pompeo issued a statement congratulating Taiwan leader Cai on his inauguration on 20 May. Taiwan is an inseparable part of China. It is extremely wrong and dangerous for the US side to seriously violate the one-China principle and the provisions of the three Sino-US joint communiques, seriously interfere in China's internal affairs, seriously endanger the development of relations between China and the United States and the two armed forces, and seriously damage peace and stability in the Taiwan Strait region. The Taiwan issue is China's internal affair, which concerns China's core interests and the national feelings of the 1.4 billion Chinese people, and does not allow any external interference. We firmly oppose any form of official exchanges and military contacts between any country and Taiwan. We will never allow anyone, any organization, any political party, at any time, in any form, to separate any piece of Chinese territory from China! There is no way out for foreign self-respect, and it is doomed to be futile to control China with Taiwan.

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