US Dollar Exchange Rates of
10th
Jun
2022
China Yuan 6.6923
Report from China
Logistics slowly improving
The Chinese government is working hard to improve
logistics across the country. The Ministry of Commerce
(MoC) is focusing efforts in the following areas.
Freeing up logistics to ensure the smooth
domestic transport of foreign trade goods.
Working with local governments the MoC will
spare no effort to ensure the smooth
transportation of foreign trade goods and foreign
trade enterprises in China can apply for vehicle
permits for transportation of materials.
continue to ease the pressure on international
logistics by expanding the scale of direct docking
by international liner companies and work with
port authorities to speed up the movement of
containers.
strengthen communication and coordination with
countries along international freight train routes
and simultaneously improve customs clearance
and operation efficiency of railway opperations.
make good use of air cargo capacity to ensure the
transport of important spare parts, equipment and
products.
continue to guide local governments to provide
support for enterprises sruggling to resume
production and manage their supply chains.
enhance trade liberalisation and facilitation
making it more attractive to global resources and
expand the space of foreign trade industries.
See:
https://baijiahao.baidu.com/s?id=1733881099610653295&wfr=spider&for=pc
April retail sales down 11%
The National Bureau of Statistics has released details of
retail sales of consumer goods in the first four months of
2022. Between January and April total retail sales of
consumer goods dropped very slightly year-on-year (-
0.2%). However, in April sales fell by 11% year-on-year.
Between January and April sales of furniture dropped 14%
and sale of building and interior decoration materials fell
12%.
See:
http://www.stats.gov.cn/english/PressRelease/202205/t20220517_1857530.html
Surge in log imports from PNG and Solomon Islands
According to China Customs log imports totalled 9.973
million cubic metres valued at US$1.963 billion, down
33% in volume and 15% in value in the first quarter of
2022. The average CIF price for imported logs was
US$197 per cubic metre, up 28% from the same period of
2021.
Most of the main suppliers of log imports saw volumes
drop except for PNG and the Solomon Islands for which
first quarter imports increased. China¡¯s log imports from
PNG surged 51% to 740,000 cubic metres and, from
Solomon Islands imports rose 3% to 405,000 cubic metres.
The value of China¡¯s log imports from PNG and Solomon
Islands surged 80% and 45% respectively.
The volume of China¡¯s log imports from Russia fell the
most dropping 57%. Declines were also seen for Germany
(-51%), Brazil (-49%) and the Czech Rep. (-44%).
Sharp decline in China¡¯s sawnwood imports
from
Ukraine
China¡¯s sawnwood imports totalled 6.344 million cubic
metres valued at US$1.803 billion, up 3% in volume and
15% in value in the first quarter of 2022. The average CIF
price for imported sawnwood was US$284 per cubic
metre, up 12% from the same period of 2021.
China¡¯s sawnwood imports from Ukraine declined sharply
by 52% year on year in the frist quarter to 125,000 cubic
metres valued at US$68 million, down 35% in value.
The volume of China¡¯s sawnwood imports from Ukraine
had been increasing in recent years and reached 1.056
million cubic metres in 2020 but fell 12% to 932,000 cubic
metres in 2021 due to the epidemic.
No log imports from Ukraine in recent years
China¡¯s log imports from Ukraine reached more than 1
million cubic metres in 2013 and 2014 but subsequently
fell to nearly zero in 2019. Since 2020 China has not
imported logs from Ukraine.
Decline in China¡¯s log imports from Laos
Customs data indicates that recorded log imports from
Laos have been declining since its log export ban. China¡¯s
sawnwood imports from Laos exceeded log imports in
2020 and 2021.
In the first quarter of 2022, China¡¯s sawnwood
imports
from Laos totalled 16,781 cubic metres valued at
US$16.81 million, up 18% in volume and 8% in value.
However, China¡¯s log imports amounted to only 7,688
cubic metres valued at US$9.79 million, down 36% in
volume and 18% in value.
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