The global e-commerce market rebounded slightly and may grow by 8.9% this year

NO.1 The United States imposes anti-dumping duties on tin-plated steel, and the tax on China is as high as 122.5%

The U.S. Department of Commerce recently stated that it will impose preliminary anti-dumping duties on tin-plated steel imported from Canada, Germany and China, with a maximum tax rate of 122.5% for China, 7.02% for Germany and 5.29% for Canada.

Producers in Canada, Germany and China were found to be selling tin-plated steel at prices below their domestic markets, while China was hit with the highest amount of anti-dumping duties due to a lack of cooperation among major Chinese producers in the investigation, U.S. Commerce Department officials said. This resulted in a finding of adverse inference.

Lawmakers from both parties in the U.S. Congress said in June that high anti-dumping duties, in addition to raising costs, may also help Chinese canned food producers export more products to the United States.

NO.2 Singapore's main exports fell by 20.2%

Singapore's non-oil (NODX) domestic exports contracted for the 10th consecutive month in July, down 20.2%, with both electronic and non-electronic products down, following a 15.6% decline in June, according to data released by Enterprise Singapore (EnterpriseSG). The decline continued in July after contracting 14.7% in May.

EnterpriseSG said that in July, NODXCargo flights to the United Statesrose by 34.4%, butto the EUIt fell by 38.6%, Taiwan by 36%, and China by 20.1%. Singapore's total trade fell 20.8% year-on-year in July, with exports and imports down 18.4% and 23.4%, respectively, following a 19.3% drop in June.

NO.3 Malaysia's GDP growth slowed down in the second quarter

Malaysia's economic growth slowed in the second quarter due to weak exports, official data showed on Friday. Gross domestic product (gdp) grew 2.9% in the second quarter from a year earlier, after growing 5.6% in the previous quarter. On a quarterly basis, GDP growth improved to 1.5% from 0.9%.

On the demand side, growth was attributable to private final consumption expenditure and gross fixed capital formation. Growth in final consumption expenditure slowed to 4.2 percent from 4.5 percent in the previous quarter. Private final consumption expenditure rose 4.3%, while government spending rose 3.8%. Gross fixed capital formation increased by 5.5%. On foreign trade, data showed exports fell 9.4 percent in the second quarter, while imports fell 9.7 percent.

NO.4 The global e-commerce market will rebound slightly

Market research firm Insider Intelligence predicts that global e-commerce sales will grow 8.9 percent this year and 9.4 percent next year. In addition, the growth of total global retail sales will remain in the mid-single digits. Although the global e-commerce market fell into a downturn last year, it has bottomed out and started to pick up.

In 2022, global electricity sales will grow by 6.5% year-on-year, the slowest growth rate since Insider Intelligence began tracking in 2011. Insider Intelligence expects the global e-commerce market to grow in the high single digits over the next few years, rebounding but still pales in comparison to the previous decade's annual growth rate of 20% or more.

NO.5 From January to July, weather and climate disasters in the United States caused more than 1 billion US dollars in losses

The U.S. has suffered a record 15 weather and climate disasters through July this year, costing the economy more than billion, not including the deadly wildfires in Hawaii this month (August).

It was the most disaster in the first seven months of the year since data began in 1980, and included 13 severe storms, hail and tornadoes in the central United States from March to June, as well as winter floods in California and the Northeast in February. Ministry of cold snap.

2023 could end up surpassing 2020 due to several more recent floods across the U.S., as well as drought in the Midwest and fires in Maui, Hawaii, National Center for Environmental Information scientist Adam Smith said on a media call. , making it the most costly disaster year on record. In 2020, there were 22 weather and climate disasters.