Zhimeitong | International Highlights

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01. North America

[US Amazon Prime membership growth stalled for the first time] Market research firm CIRP (Consumer Intelligence Research Partners) reported that as of June 30, Amazon had about 172 million members, which was the same as six months ago. After years of steady and even explosive growth, growth in Amazon Prime membership has stalled, CIRP partners said. CIRP data shows that Amazon added 60 million Prime members in the U.S. in 2020 and 2021. This is mainly because during the epidemic, most users choose to shop online. As for the reason for the stagnant growth in the number of Prime members, Bloomberg said it may be due to the increase in the price of Amazon Prime. In February of this year, Amazon raised the annual fee for Prime membership in the United States from $119 (about 796 yuan) to $139 (about 930 yuan). At present, Amazon has not officially responded to the stagnant growth of Prime members.

[EU launches double-reverse re-investigation on electric bicycles in China] The European Commission issued an announcement saying that it has launched a double-reverse investigation on electric bicycles (Electric Bicycles) originating in China. The scope of the investigation only involves the EU CN code of Giant Electric Vehicle (Kunshan) Co., Ltd.’s involved products as 8711 60 10 and ex 8711 60 90 (the EU TARIC code is 8711 60 90 10). From July 7, 2022, until the results of this review are made, the levy of anti-dumping and countervailing duties on electric bicycles with pedals and auxiliary motors produced by Giant Electric Vehicles (Kunshan) Co., Ltd. will be suspended.

[Overseas version of Douyin (TikTok) attracted more than $283 million in June] Digital analysis platform Sensor Tower store intelligence data shows that in June 2022, overseas Douyin (TikTok) attracted more than $283 million in global App Store and Google Play. 1.4 times that of the same period last year, ranking first in the global mobile application (non-game) revenue list. Among them, about 47.4% of the revenue came from the Chinese version of Douyin; the US market ranked second, contributing 16.7% of the revenue; the Japanese market ranked third, accounting for 3.6%. YouTube ranked second on the list with nearly $129 million in revenue, a 28.5% increase from the same period last year. The other three apps in the top five are Tinder, Piccoma and Google One.

[Oracle to cut thousands of jobs] Oracle recently considered $1 billion in cost-cutting measures that could lead to thousands of job cuts following its $28 billion acquisition of Cerner. News of the possible layoffs comes after Oracle completed its $28 billion acquisition of Cerner, a move that promises to give the company a stronger presence in health-care technology. According to Oracle's official website, the acquisition brought about 28,000 Cerner employees.

After launching spatial audio support for iPhone and iPad in August last year, Netflix has announced that it will make the feature available to more users, and support it through any stereo speakers or headphone playback. According to Netflix, the new spatial audio feature does not require any specialized equipment. Netflix subscribers can search for "spatialaudio" on the platform to see all supported content. However, the feature is currently only available on select Netflix original TV shows and movies, including the fourth season of the hit sci-fi series Stranger Things, Red Notice and The Witcher, among others.

[Google is rumored to plan to spin off its advertising business, Alphabet denies it] Recently, in order to avoid antitrust lawsuits that the advertising business may face, Google submitted a plan to the U.S. Department of Justice: splitting the ad auction and selling its own website advertising business, but they Still owned by parent company Alphabet. However, Alphabet officially denied the possibility of a separation of the advertising business, saying, "We are working to address the concerns raised by regulators and have no plans to sell or exit the advertising technology business."

[Google's parent company Alphabet will release its second-quarter financial report on July 27] Google's parent company Alphabet announced that it will release its second-quarter 2022 financial report after the stock market closes on July 26, Eastern Time (July 27, Beijing time). . After the earnings report is released, Alphabet will hold an earnings conference at 5:00 pm EST on July 26 (5:00 am Beijing time on July 27) to analyze the results and answer analyst questions.

[Microsoft repents, no longer disables Office macros by default] Microsoft announced earlier this year that Visual Basic for Applications (VBA) macros will be disabled by default in Office applications. This change will apply to Office files downloaded from the Internet and contain macros, but Microsoft Said that, based on user "feedback", this change will be removed and VBA macros will no longer be disabled.

Twitter has hired M&A heavyweight Wachtell , Lipton, Rosen & Katz LLP to sue Musk for abandoning its $44 billion takeover of the company, according to people familiar with the matter s plan. It is reported that Twitter plans to file a lawsuit earlier this week. Musk brought in Quinn Emanuel Urquhart & Sullivan LLP. The company led him successfully defending a defamation charge in 2019 and represented him in an ongoing shareholder lawsuit over his failed 2018 attempt to take Tesla private.

Twitter removes more than 1 million spam accounts a day, Twitter executives say, providing new insights into efforts to reduce harmful automated bots , as billionaire Elon Musk demanded more details from the social media company. Musk previously said he would stop buying Twitter for $44 billion unless Twitter proves that spam and bot accounts make up less than 5% of its users.

[Tesla China sold 78,906 vehicles in June] According to data from the China Passenger Transport Association, Tesla China sold 78,906 vehicles in June, of which 968 were exported. It is worth mentioning that Tesla Model Y sold 52,557 units in the past June, surpassing Wuling Hongguang MINIEV, Dongfeng Nissan Sylphy and other models, and won the domestic passenger car sales champion in June. It is reported that China's total passenger car sales in June were 1.97 million, an increase of 22% over the same period last year. The secretary-general of the CPCA expects car sales in July to be around 20% higher than a year ago, with demand likely to strengthen further in the fourth quarter, leading to strong growth for the full year.

[Meta (Facebook parent company) bows its head to users to launch a new VR login system] In the dissatisfaction of users, Meta (Facebook parent company) modified the VR headset login method. Before Facebook (Facebook) modified the account login method, requiring VR headset users to log in through the Facebook (Facebook) App, users were dissatisfied with this, Meta finally compromised and revised, and now the new system is finally going to be launched. Zuckerberg tweeted that new "Meta accounts" will be rolled out starting in August.

[U.S. technology startup financing hits biggest drop since 2019] Pitchbook, which tracks startup financing, released data on the 7th local time, showing that investment in U.S. technology startups fell 23% in the past three months to $62.3 billion. The biggest drop since 2019.

[U.S. recession expectations will not significantly change the Fed's tight policy in the short term] China Merchants' macro team said that in the short term, the U.S. recession expectations will not significantly change the Fed's tight monetary policy, and the Fed's monetary policy attitude usually has a certain lag. In the medium term, the Fed's monetary policy may turn to easing at the margin, and the easing of U.S. inflationary pressures may support the reduction of the risk of "stagflation" and the Fed's relaxation of its focus on inflation. Short-term Fed policy remains tightened and economic fundamentals are expected to deteriorate, which may bring about the most volatile period for U.S. stocks. VIX volatility will rise, and U.S. bond yields may be dominated by shocks. After the mid-term Fed policy shift, U.S. stocks may rebound and U.S. bond yields will fall further.

[American homebuyers under crazy interest rate hikes: Mortgage soaring and paying hundreds of dollars more each month] "Not only are housing prices ridiculously high, but mortgage interest rates have also risen to the point where they can't be repaid." Mortgage rates are also driving Americans crazy. The 30-year fixed mortgage rate in the U.S. rose from 3.1% to 5.3% in the past six months, peaking at 5.8% midway through, hitting a record high since 2009, the data showed. This means that if an American now applies for a $500,000 loan from a bank, the monthly payment will be as high as $2,777, about $640 (about 4,200 yuan) more than at the end of last year.

[NASA: Contact has been made with the missing satellite] NASA said it has re-established contact with a satellite that had previously lost contact. The satellite was on its way to the moon when it went missing, on a mission to test its orbit around the moon. NASA said in a statement on the same day that the agency's Deep Space Network ground station reconnected with the missing satellite "Earth-Moon Autonomous Positioning System Technology Operation and Navigation Experiment" (CAPSTONE). The data shows that the satellite was in good condition and operating safely during the loss of contact. NASA researchers are investigating the cause of the missing satellite.

02. EU region

[Institutional analysis: EUR/USD/USD may fall to parity if non-farm payrolls data is strong] EUR/ USD/USD fell below 1.01, and the speed of the recent depreciation of the euro means that 1.00 may just be a stronger support level. A strong nonfarm payrolls data today could give the Fed the green light to raise interest rates by 75 basis points later this month. With the European Central Bank apparently already committed to raising rates by 25 basis points in July, the spread between the two central banks could widen further, potentially pushing EUR/USD to parity. Parity may not be all that important, and investors may be more concerned about where the EUR finds support, which is still a big unknown as there is little reason for buyers to be interested in the EUR at the moment, and long-term technicals point to further losses in the EUR.

[EU launches antitrust investigation into "Open Media Alliance": AV1 video technology licensing is unfair] The European Commission announced that it has investigated an industry organization called "Open Media Alliance" for its video technology licensing policy. Among the members of the alliance Including Google, Amazon, Apple, Meta and other American technology giants. For the tech industry, this is yet another industry survey from the European Union. It is worth mentioning that next year, the EU will take stricter regulatory measures on technology giants, forcing them to change their core business models and take more proactive measures to moderate harmful content on their platforms.

[The epidemic has rebounded severely, and the German intensive care unit is in emergency again] As of 0:00 on July 9, local time, the cumulative number of confirmed cases of pneumonia in Germany was 29,022,265, an increase of 95,919 cases compared with the previous day. 700.3, breaking the 700 mark again. German intensive care units are also in trouble again, with 55% of German intensive care units reporting "limited" or "partially limited" operational capacity, according to the latest report. "Unfortunately, this is a very high number, which we have only achieved before in winter and during severe epidemics," said Marquez, president of the German Association of Intensive Care and Emergency Medicine.

[Consultant of the Italian Ministry of Health: The reopening of the government has caused the epidemic to spread again] Recently, the epidemic in Italy has reignited, and the number of daily confirmed cases has returned to the level of 100,000. The adviser to the Italian National Health Ministry said that this situation could be avoided if the epidemic prevention measures were continued. "We are in a very strong pandemic wave. We could have avoided this if we hadn't lifted all safety measures," he noted, according to the report. "Fortunately, the pathogenicity of the virus Sex is low, but when the number of confirmed cases is so high, the health system is still under enormous pressure.” According to Riccardi, the Italian government, in the name of reopening, has abandoned all measures to contain the outbreak, which is the cause of the virus The biggest cause of resumption of transmission.

03. Other regions

[Argentina made the fourth anti-dumping sunset review final ruling on China's air-conditioning equipment] Argentina's Ministry of Production and Development issued Announcement No. 543 of 2022, regarding air-conditioning equipment originating in China (acondicionadores de aire de capacidad menor o igual a SEIS MIL QUINIENTAS ( 6.500) frigorí as/hora; versión frío solo o frío-calor mediante la utilización de válvula inversora del ciclo térmico: de pared o ventana,formando un solo cuerpo, con dispositivo para modificar la temperatura del aire; de ​​unidades separadas, tipo split, ingresadas como un conjunto o por posiciones arancelarias separadas, formado por: una unidad interior o unidad evaporadora, compacta, prefabricada, sin equipo de enfriamiento, y una unidad exterior o unidad condensadora, con compresor e intercambiador de calor) made the fourth anti-dumping sunset In the final review, it was decided to maintain the anti-dumping measures determined in Announcement No. E776 in 2016, that is, to continue to set the FOB minimum price of US$110.49/unit to US$332.42/unit, and impose a levy on the products involved in the case below the minimum price. The anti-dumping duties on the difference between the minimum price and the import declaration price shall take effect from the date of the announcement and shall be valid for five years. The product involved in the case is an independent window or wall-type air conditioner with a cooling capacity of less than or equal to 6500 kcal/hour, only for cooling or for both cooling and heating. products under the item.

[Sri Lanka's opposition parties will reach a consensus on the establishment of a new government on the 10th] The Sri Lankan opposition parties will hold a meeting on the 10th local time to reach a consensus on the establishment of a new government. According to reports, an opposition MP said that if all the opposition parties united, 113 MPs could easily be called to gain a majority in parliament. At that time, they will ask Sri Lankan President Rajapaksa to form a new government and then resign. The lawmaker also said that all parties hope to reach a consensus on this on the 10th.

[A fire broke out in the coastal city of Pula, Croatia, causing large-scale power outages] At noon on July 9, local time, a fire broke out in the city of Pula, located on the Istrian Peninsula, Croatia. About 40 hectares of trees and vegetation were burned, and some commercial buildings and Twenty-five vehicles in an auto repair shop were burned, and no casualties were reported. Local media reported that the fire likely occurred near the Waldbeck substation, with power outages in half the city. It took 76 firefighters and 29 fire trucks four hours to put out the blaze.

[Azerbaijan's natural gas exports in the first half of the year increased by 25.7% year-on-year to 11.2 billion cubic meters] Azerbaijan's natural gas exports in the first half of 2022 were 11.2 billion cubic meters, a year-on-year increase of 25.7%. Among them, 4.3 billion cubic meters were exported to Turkey, 5.4 billion cubic meters were sold to Europe, and 1.5 billion cubic meters were sold to Georgia. The energy ministry also said that Azerbaijan's natural gas production in the first half of this year increased by 15.1 percent year-on-year to 23.4 billion cubic meters. Of this, Shah Deniz produced 12.6 billion cubic meters and the Azeri-Chirag-Gunashli (ACG) block in the Caspian Sea produced 6.9 billion cubic meters. BP is the largest shareholder in both the Shah Deniz project and the ACG project, holding 29.99% and 30.37% respectively.

[Affected by inflation, international agencies downgrade Turkey's credit rating] On July 9, local time, Fitch, an international credit rating agency, downgraded Turkey's credit rating from B+ to B, and confirmed its economic outlook as "negative". Fitch cited the country's rising inflation and concerns over its economic outlook for the decision.

[Japanese stock market erased gains and almost closed flat, yen gains fell] Nikkei 225 closed slightly up 0.1% at 26,517.19 points; Japan's Topix closed up 0.3%. The yen's gains against the dollar narrowed to 0.25% at 135.67, after rising as much as 0.4% in early trade.

[South Korea: Tariffs on 7 categories of daily necessities will be reduced to zero from this month] The President of South Korea decided to reduce the tariffs on 7 categories of daily necessities such as beef, chicken, and milk powder to zero tariffs from this month to stabilize prices. The South Korean government will also cut tariffs on agricultural products such as soybeans and sesame seeds. The zero-tariff measure is expected to be implemented as early as the 20th after the State Council meeting on July 19th.

Zhimeitong | Logistics Highlights

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[Alibaba International Station: Logistics services cover 220 countries and regions, with over 26,000 dedicated lines for capacity] The person in charge of contract fulfillment logistics & customs affairs at Alibaba International Station revealed that logistics has more than 26,000 dedicated capacity lines in more than 220 countries and regions around the world , to achieve fast and multimodal transportation by sea, land and air, and provide cross-border small and medium-sized merchants with nationalized, localized, and industrialized cross-border logistics solutions. As part of Alibaba International Station's "digital export to the sea" plan, logistics logistics services are open to all cross-border foreign trade companies, not limited to member companies of Alibaba International Station.

[Shanghai Airport Air Cargo Basic Recovery] In the first week of July, the average daily cargo flights and cargo volume of Shanghai Pudong Airport maintained an upward trend, which has basically returned to normal levels, and Chinese and foreign airlines have launched sufficient cargo flights. The data shows that since June, the supply and demand of air cargo at Shanghai Pudong Airport has been recovering at an accelerated pace, and the daily average take-off and landing of cargo flights and the throughput of cargo and mail have increased.

[Hainan Yangpu completed a container throughput of 822,900 TEUs in the first half of the year, a year-on-year increase of 45.67%] In the first six months of this year, Yangpu Port completed a cargo throughput of 24.1457 million tons and a container throughput of 822,900 TEUs, a year-on-year increase of 45.67%, of which June Completed 152,300 TEUs, a year-on-year increase of 33.58%. With the completion of the overhaul of Hainan Refinery and the commissioning of the 1 million tons/year ethylene project in the second half of the year, it is expected that the cargo and container throughput of Yangpu Port will usher in a substantial increase in the second half of this year. According to reports, on the basis of existing routes, Yangpu Port plans to strive to achieve full coverage of major domestic coastal ports with domestic trade routes, and open up the same ship transportation routes for domestic and foreign trade one by one; foreign trade routes from Southeast Asia, South Asia, Australia gradually expand to Africa, Ports in countries (regions) such as the Americas and the Red Sea in the Middle East. It is planned that by 2025, Yangpu Port will have more than 80 domestic and foreign trade routes.

Zhimeitong | Domestic Highlights

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[RCEP has been officially implemented for half a year and 358 import and export commodities in Guangxi have been reduced to zero tariffs] As of June 30, the world 's largest free trade agreement "Regional Comprehensive Economic Partnership" (RCEP) has been officially implemented for half a year During the period, Nanning Customs issued a total of 760 certificates of origin under RCEP, with a value of 377 million yuan; Guangxi's import and export of RCEP items with zero tariffs has reached 358 items, of which exports to Japan, South Korea, and ASEAN have a total of 358 items. 265 items of export commodities, and a total of 93 items of imported commodities from Japan.

[Low-risk cargo aircraft cancels boarding and quarantine control] The Deputy Director of the Flight Standards Department of the Civil Aviation Administration introduced that the sampling and testing requirements for double-sampling and double-checking of entry personnel will be optimized to only single-sampling oropharyngeal swabs, and nasopharyngeal swabs will no longer be collected. Sub; cancel the testing requirements for new crown blood samples for inbound personnel, and further optimize the port quarantine process for inbound personnel. Optimize the proportion of inbound cargo aircraft, conduct risk analysis on some cargo aircraft that have little contact with domestic personnel and have a low risk of epidemic transmission, cancel the inspection and quarantine control on arrival, further shorten the customs clearance time of cargo aircraft, improve turnover efficiency, and fully support the foreign trade stabilization system .

Zhimeitong | E-commerce highlights

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[Dunhuang.com Announcement: Notice on the Launch of American Standard Line (Common + Special)-YBD & European Standard Line (Common + Special)-YBD] Dunhuang.com issued an announcement saying that in order to give sellers a better logistics experience, Dunhuang.com has launched Jushibao high-quality line – American standard line (general + special) – YBD & European standard line (general + special) – YBD channel. The announcement shows that the US standard line (general + special)-YBD channel refers to the transportation time limit (natural day) 7-21 days, the weight limit is 10kg, the European standard line (general + special)-YBD channel refers to the transportation time limit (natural day) 7- 21 days, weight limit 5kg.

The US standard line (P+T)-YBD channel can be sent to the United States, and the European standard line (P+T)-YBD channel can be sent to Sweden, Finland, Denmark, Ireland, Portugal, Luxembourg, Greece, Hungary, Romania, Slovakia, Slovenia, Croatia, Estonia, Lithuania, Bulgaria, Romania, Netherlands, Belgium, Czech Republic, Poland, France, Italy, Spain, Austria, Germany, Malta, Latvia.