英文摘要

《财经》杂志   

2022年07月04日 06:54  

本文3509字,约5分钟

China’s Foreign Trade Reports Promising Growth; Relocating Chinese Firms and the Rich See Singapore as A New Safe Haven; With Roe v. Wade Overturned, American Society is Further Disrupted; China’s Real Estate Companies Find A New Business Model

China’s Foreign Trade Reports Promising Growth

Before May of this year, foreign trade enterprises were struggling to operate. From March to May this year, a steel mill whose products were sold to 71 countries was shut down due to the epidemic lockdown in Shandong and Tangshan. There are also varying degrees of shutdown at the ports. However, China’s foreign trade is bursting with strong growth momentum after a brief three-month bleak period.

The unexpected rebound in exports in May was mainly due to the rebooting of logistics and transportation, the recovery of industrial and supply chains. Comprehensive analysis shows that foreign trade enterprises have recovered their confidence in the growth in the coming months. Since the outbreak of the epidemic, foreign trade has become an important force supporting China’s economic development. However, whether the good momentum of the foreign trade industry can continue this year is currently divided among the insiders.

 

Relocating Chinese Firms and the Rich See Singapore as A New Safe Haven

Singapore, also known as the city of wealth, is the only developed country in Southeast Asia. The country is strategically located and is one of the world’s important shipping and port centers. In addition, Singapore is the fourth largest international financial center after New York, London and Hong Kong. Over the past year, many corporate decision makers have realized that this city could be an ideal bridgehead to the entire Southeast Asian market.

At present, some Chinese companies choose to go to Singapore for three reasons: to open up overseas markets; to avoid the fierce competition in the domestic market and to bypass some government regulations. Another important factor is that Singapore has now lifted strict COVID lockdown. However, before taking this major step, Chinese companies have to consider a practical issue: going to a new market means that everything has to be started from scratch, and it is still unknown how big the real market space will be.

 

With Roe v. Wade Overturned, American Society is Further Disrupted

On June 24, 2022, the U.S. Supreme Court overturned the landmark 1973 Roe v. Wade ruling that recognized women’s constitutional right to abortion. The Supreme Court’s decision shocked leaders at home and abroad, triggering a reaction that has been described as a “political earthquake”. The decision will further deepen divisions in polarized American society.

President Biden said on June 24 that the Supreme Court’s vote was a “tragic mistake”. Mr. Biden called on American people that the Supreme Court’s ruling should not be the end of the fight and the voters will have the final say. The fight over abortion rights will extend from the supreme court to local states. In fact, because of American religious and historical traditions, abortion rights have always been a highly political issue. Over the years, various emergencies have often been able to sway election results. The Supreme Court’s vote has already been used by Democrats as a new focus in the coming election campaign.

 

China’s Real Estate Companies Find A New Business Model

In the past year, the construction contractor business has suddenly become popular among real estate development companies. Many leading players have entered this market. By the end of 2021, a total of 36 real estate companies have entered the construction agent industry, and it is expected that the sales of this industry will be close to 5 trillion yuan in 2030. Some industry executives revealed that at present, there are several construction contractors preparing to go public.

Compared with independent land acquisition and development, the construction contractor model is an asset-light operation, and the biggest cost is not land acquisition, but manpower. In 2022, trapped in a cash flow crisis, housing companies generally cut down their investment and reduced land purchases. By taking on other people’s projects, the income that can be obtained is enough to cover the labor cost, which is better than no income at all.