General

According to the press conference of the Ministry of Industry and Information Technology on September 20: my country's consumer electronics production and sales scale ranks first in the world! Since the 18th National Congress of the Communist Party of China, my country's consumer electronics industry has developed rapidly and has become the world's leading frontier market for consumer electronics products. According to reports, the scale of my country's consumer electronics industry continues to expand, innovation capabilities continue to improve, and brand building has achieved remarkable results.

International trade companies have experienced a major reshuffle in recent years. After experiencing a series of influences from Amazon's title wave, rising shipping costs and rising raw material prices, they have finally ushered in a turning point recently! The sea freight has returned to the lowest point in the past two years. The depreciation of the RMB exchange rate is nothing more than a good thing to promote the development of international trade enterprises! With Pinduoduo, Douyin, JD.com, and Alibaba's big factories all deployed overseas, the peak sales season for international trade companies is coming! Judging from our overall economic data in China, it still maintains a good growth trend! Especially in the context of the declining performance of many leading manufacturers and brands, there will definitely be some demand flowing into small and medium-sized enterprises. What matters need our attention in the future?

1. The Fed has announced a rate hike again! Global interest rate hike is coming soon!

On September 21, local time, the U.S. Federal Reserve announced that it would raise the target range of the federal funds rate by 75 basis points to between 3% and 3.25%. This is the fifth time the Fed has raised interest rates this year and the third in a row by 75 basis points. In addition to the United States, the central banks of Japan, Indonesia, Switzerland, Norway, the United Kingdom, Turkey, South Africa and other countries will announce interest rate decisions. Global interest rate hike is coming soon!

Second, my country's consumer electronics production and sales scale ranks first in the world

According to the press conference of the Ministry of Industry and Information Technology on September 20: my country's consumer electronics production and sales scale ranks first in the world! my country is an important global manufacturing base for consumer electronics products. Most of the world's major electronics production and OEM companies have established manufacturing bases and R&D centers in my country. Consumer electronics are mainly complete electronic products for the mass consumer market, including personal computers, mobile phones and color TVs. Since the 18th National Congress of the Communist Party of China, my country's consumer electronics industry has developed rapidly and has become the world's leading frontier market for consumer electronics products.

According to reports, the scale of my country's consumer electronics industry continues to expand, innovation capabilities continue to improve, and brand building has achieved remarkable results. In the next step, the Ministry of Industry and Information Technology will accelerate the cultivation of leading and pillar industries, promote the development of a new generation of audio-visual technology and virtual reality industries, drive the overall upgrading of the content, computing, storage, display and other industrial chains, and accelerate the introduction of new technologies in key industries. Integrate innovation and development to stimulate the potential of information consumption.

3. The wave of Chinese international trade enterprises going to sea is coming!

The overseas layout of domestic e-commerce giants has been revealed! On September 1st, Pinduoduo launched the B2C platform Temu. The old Alibaba International Station and AliExpress have been online for many years. The effect of Douyin's Tiktok going overseas is already obvious! Domestic e-commerce giants (Alibaba, JD.com, Douyin, Pinduoduo) have assembled overseas! Recently, according to the official news of FOBGOODS, JD.com and FOBGOODS have reached a partnership for the first time! The cooperation between FOBGOODS and JD.com is mainly carried out in three aspects: B2B finance, logistics and supply chain, helping more international trade companies to step into the road of Made in China and overseas!

The future is a little difficult for Ali. While the domestic market share is being seized by Pinduoduo and JD.com, the cross-border overseas business is also hit. Overseas C-side traffic users are frantically being seized by Tiktok, Pinduoduo, and B-side major customers. It was madly seized by FOBGOODS again. JD.com’s JD.com Global Trade, which was launched this year, went to the RTS of Ali International Station. The most eye-catching this year is the one known as the "troika" of emerging foreign trade platforms in 2022: Tiktok, SHEIN and FOBGOODS, forming emerging representatives of B2C, independent stations and B2B. I believe that with the country's strong support for Chinese brands to go overseas and made in China, there will be more Chinese brands going to the world!