#Analysis report on economic development of major industries in markets across the country#

In recent years, various industries have been going through the big test of the epidemic, and the foreign trade industry has experienced an unprecedented situation of Amazon store closures, Paypal account closures, and rising raw material and logistics costs, all of which are historical peaks. Many companies, even big ones like Tencent, Alibaba, and Midea, have started laying off staff. Many large companies have begun to rescue themselves and look for new business growth points. With the country's vigorous development of Chinese brands going overseas and Chinese manufacturing, cross-border e-commerce has undoubtedly become a new business growth point in the next decade. In 2022, three “carriages” representing the rapid development of foreign trade of Tiktok, Shopee and FOBGOODS will be formed as emerging platforms. How will the future develop?Let's talk about Chongqing today

I. Development Status of Chongqing

Speaking of Chongqing, you will never be unfamiliar. It is full of "hot pot", "snacks", "mahjong" and other life flavors, and the mountain city of Chongqing also has beautiful scenery and special light rails. Chongqing is also an important national advanced manufacturing center, a western financial center, a western international comprehensive transportation hub and an international gateway hub . Chongqing is also one of China's old industrial bases and an important modern manufacturing base in the country. It has formed the world's largest electronic information industry cluster and China's largest domestic automobile industry cluster. It is also the world's largest notebook computer production base and the world's second largest mobile phone production base.

2. H&M closes its first Shanghai store in China

A few days ago, the Swedish fast fashion brand H&M closed its flagship store in Shanghai, which was the brand's first store opened in China 15 years ago. Some analysts believe that the closure of H&M stores is the latest sign that the two-month lockdown in Shanghai has caused serious damage to the Chinese economy and enterprises.

H&M

Coincidentally, under the influence of the epidemic, many Amazon sellers reported that they were clearing their inventory, and products in a dozen cabinets were sold at low prices! Even in the upcoming Amazon Prime Day promotion, most sellers do not have a lot of stocking to sprint sales , but focus on clearing inventory. As we all know, the sales volume on the Amazon platform has not been optimistic this year, and the traffic has also dropped again and again. The accumulation of goods and redundant inventory has become a big problem for sellers.

3. Cross-border e-commerce has become a bright spot in a new format!

With the increasing emphasis and support of the state on new formats such as cross-border e-commerce, cross-border e-commerce has become a strong support for the growth of national foreign trade. The next ten years will be a dividend period for cross-border e-commerce, and it is also a strong background trend for the country to vigorously support Chinese brands to go overseas and made in China. In 2022, the three representatives of emerging platforms, Tiktok, Shopee and FOBGOODS, have formed three "carriages" that are known as the rapid development of foreign trade from the integration of customer traffic-mall shopping-supply.

import and export

Cross-border e-commerce represents the direction of the transformation and upgrading of traditional foreign trade. It is a new form of foreign trade with the fastest development, the greatest potential and the strongest driving effect in my country. Its rapid development can inject new momentum into the high-quality development of foreign trade. I believe that under the background of China's vigorous development of Chinese brands to go overseas and Chinese manufacturing, there will be more Chinese brands going to the world!

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