Unseal the bounce! The outbreak in India and South America is getting worse! Bankruptcy layoffs continue; foreign trade exports continue to come under pressure!

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　　"Our organizational structure is being simplified to reflect efficiency and align with the expected level of activity," Chevron said in an announcement on Wednesday.

　　Data show that since the beginning of this year, the price of US crude oil has fallen by nearly half, to about 33 US dollars per barrel.

　　It is worth noting that at the annual shareholder meeting last Wednesday, Exxon Mobil, the largest oil producer in the United States, said that it has not yet taken layoff measures, but Exxon Mobil has cut its planned spending this year by 30%.

　　Chevron said in a statement issued by Bloomberg: "This is a difficult decision, and we will not act rashly.

　　Renault will cut more than 14,000 jobs in 3 years.

　　Affected by the new coronavirus epidemic, Renault's performance has been greatly impacted.

　　SoftBank's Vision Fund plans to lay off large-scale layoffs on May 28, local time.
According to Bloomberg News, people familiar with the matter disclosed that Japan's SoftBank Group plans to substantially lay off its operating Vision Fund.
Two people familiar with the matter said that the layoffs may affect about 10% of the Vision Fund's employees, and the layoffs will involve all levels of employees.
The Vision Fund has grown rapidly since its establishment in May 2017, but has recently been in trouble because WeWork failed to go public last year, and many other investments ended in failure or layoffs.
A year ago, the Vision Fund was SoftBank’s main source of profits, but now it has become the biggest drag on SoftBank’s profits.
In the last fiscal year, after writing down the value of investments including WeWork and Uber, SoftBank suffered a loss of $17.
7 billion.
MQq China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The Vision Fund currently manages more than 80 portfolio companies, but Son Zhengyi predicts that 15 of these startups may go bankrupt.
MQq China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Is the overseas order shortage of export companies coming? Decoupling is accelerating?MQq China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Exports are one of the "troikas" driving economic growth.
In 2019, exports contributed 11% to China's economic growth.
The primary goal of the government’s work this year is to “six guarantees” and promote “six stability”.
“Stabilizing foreign trade” not only contributes to “guaranteeing employment for residents”, “guaranteeing basic people’s livelihood,” “guaranteeing market players,” and “guaranteeing the stability of the industrial chain and supply chain.
"It's very important, and it's also about earning foreign exchange through exports, foreign exchange reserves, and even the stability of the currency system.
MQq China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In 2020, China will have a heavy task of stabilizing foreign trade.
Affected by the global epidemic, the world economy will suffer a severe recession, the industrial chain and supply chain circulation will be blocked, the international trade and investment will shrink, and the bulk commodity market will be volatile.
According to the forecast released by the World Trade Organization in April, in 2020, global merchandise trade will fall by 13% under optimistic conditions, and by more than 32% under pessimistic conditions.
Correspondingly, global GDP will drop by 2.
5% and 8.
8% respectively.
possibility.
MQq China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Export companies face a shortage of overseas ordersMQq China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In the context of a significant increase in global economic uncertainty and an overall decline in international trade, stabilizing domestic demand, giving full play to the potential of the domestic market, and transferring exports to domestic sales can alleviate the adverse impact on the overall economy.
Methods such as expanding export credit insurance will help promote the orderly operation of exports.
MQq China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The current decline in overseas orders is a major challenge faced by many export-oriented companies.
According to the latest customs data, in April this year, China’s exports rebounded unexpectedly, up 3.
5% year-on-year, a sharp rebound from -6.
6% in March; China’s exports to the United States, Japan, and ASEAN increased, while exports to the EU fell 4.
5% year-on-year.
%.
However, according to analysis, the increase in exports in April was mainly due to the peak of early orders after China resumed work and production.
With the spread of the epidemic in Europe and the United States, a large number of orders were cancelled, and the impact will gradually appear in the second half of the second quarter and even the second half of the year.
.
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　　In addition, the April export data exceeded expectations, mainly due to the export of anti-epidemic materials and computer products.
China resumed work and production earlier, and has an alternative advantage over other countries in some industrial chains.
However, such a surge in demand may not last too long.
Once the epidemic continues to trigger business closures, rising unemployment, and damage to residents' balance sheets, the demand for such durable goods will likely fall quickly.
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　　The rebound in exports in April is not a common phenomenon.
The exports of major commodities such as clothing, shoes, bags, furniture, toys, and mobile phones have experienced negative growth.
In the sub-data of China's manufacturing PMI index in April, the new export order index rose from 46.
4 sharp The reduction to 33.
5 is corroborated.
According to the PMI survey, the proportion of domestic companies that currently report insufficient orders has reached 57.
7%, which means that the export growth in April was uneven, and the “bright” figures conceal the difficulties faced by most export-oriented industries.
MQq China Feed Industry Information Network-Based on feed, serving animal husbandry

　　According to feedback from insiders in the foreign trade industry, the actual number of overseas orders placed in related domestic industries is still very small.
Europe and the United States have just started to resume work, and many orders are still in the early inquiry stage.
There is still some time before the factory inspection and order placement, and they have just seen hope.
, And seasonal products such as clothing have lost many spring and summer orders.
It is understood that the impact of external demand on various industries is not the same.
MQq China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Industry insiders have calculated the external demand exposure of various manufacturing industries, and the results show that the export proportion of electronics, clothing, footwear, furniture, cultural and entertainment products is relatively high, and these are also the industries with weaker foreign trade performance during the epidemic.
With the gradual resumption of work in Europe and the United States in May, the marginal improvement of external demand, but the time required to resume work in overseas countries may be relatively long, and the intensity should not be overestimated.
MQq China Feed Industry Information Network-Based on feed, serving animal husbandry

　　What is the trend of foreign trade in the second half of the yearMQq China Feed Industry Information Network-Based on feed, serving animal husbandry

　　For export companies, the situation in the second half of the year is very important.
Can China's foreign trade continue to improve? China's foreign trade situation is closely related to the global economic growth and trade situation.
In the case of the overall economic downturn, China's foreign trade will also be affected.
As the outbreak of the epidemic in the United States and Europe was later than China, the follow-up impact continued to appear in the second half of the year.
There are also optimistic expectations of a moderate recovery in foreign trade in the second quarter, and the trend of foreign trade throughout the year is highly uncertain.
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　　Many international institutions have a negative attitude towards the global economic trend in 2020.
According to the latest data from the United Nations Conference on Trade and Development, global trade decreased by 3% in the first quarter of 2020 from the previous quarter, and is expected to decrease by 26.
9% from the previous quarter in the second quarter.
The European Commission pointed out that Europe is experiencing an economic shock that has never been seen since the Great Depression, and that the GDP of the 27 EU countries will fall by 7.
4% throughout the year.
According to the forecast of 24 institutions by the Japan Economic Research Center, Japan's GDP will shrink by 11% annually in the second quarter.
MQq China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Looking forward to the whole year, the deep mire of overseas economies may put pressure on China's exports.
The United States has only started a large-scale work stoppage and social distancing since mid-to-late March.
In the second quarter of the escalation of prevention and control, the United States may face a greater economic test.
It is expected that the US GDP contraction rate will reach more than 10% throughout the second quarter, and the unemployment rate will also reach at least 15%.
However, emerging market economies such as India, Brazil, Turkey, and Russia are still unable to control the epidemic.
From a global perspective, developed countries may fall into a sharp recession of -7% to -10% year-on-year in the second quarter, and the global economy will experience at least two quarters of negative growth.
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　　China's import and export trade accounts for nearly a quarter of global trade and has been deeply integrated into the global industrial chain.
The overseas economic recession will not only affect China's external demand, but also increase the risk of supply chain disruption.
In particular, China's exports of consumer goods and capital goods in the global value chain are the mainstay.
If the overseas epidemic slams consumption and investment confidence, the impact on the demand side of China's foreign trade and the industrial chain may be more profound.
Affected by the epidemic, the country-specific structure of China's foreign trade has changed, and ASEAN has surpassed the European Union to become China's largest export market.
From January to April this year, China’s exports to emerging markets increased by 2.
2 percentage points compared with the same period last year to 50.
9%, while the proportion of exports to traditional markets has fallen to 49.
1%.
The future opportunities of China's foreign trade will mainly be reflected in two aspects:MQq China Feed Industry Information Network-Based on feed, serving animal husbandry

　　One is the new market opportunities brought about by the "Belt and Road" construction;MQq China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The second is the opportunity for innovation and development brought about by the new technological revolution.
Relying on technology, model, format and management innovation, "squeeze out" a group of stronger Chinese foreign trade companies and promote the high-quality development of foreign trade.
MQq China Feed Industry Information Network-Based on feed, serving animal husbandry

　　With the implementation of the strategy of expanding domestic demand, the scale of the domestic economic cycle will be further expanded, and economic development will shift more from being driven by exports to driven by domestic demand.
In the future, China's dependence on external markets, including traditional markets in the United States and Europe, will be further reduced, and its dependence on emerging markets will further increase.
MQq China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Foreign trade will continue to play an important traction role in the process of achieving high-quality development of China’s economy.
Its function will shift from the past “quantity-driven” to “qualitative leadership”.
It will fully mobilize and utilize both domestic and foreign markets.
This kind of resources, foreign trade competitive advantage will be transformed from factor-driven cost and price advantage to innovation-driven comprehensive competitive advantage.
Product technology, brand, quality, service, and standards will become competitive factors necessary for the high-quality development of foreign trade.
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