reply Behind the fridge boom: China stabilizes global industrial and supply chains

According to the statistics of the General Administration of Customs, in the first 11 months of this year, the total import and export value of China's trade in goods reached 29.04 trillion yuan, with a year-on-year growth of 1.8%, showing a trend of continuous improvement and accelerating growth."The export figures keep going up! In November, it was up 52 percent from a year earlier." At the end of the year, the refrigerator workshop of Haier Zhijia is a busy scene, with all kinds of refrigerators ready for development from the world's leading production lines. Every day, the refrigerator is shipped from here to more than 60 countries and regions such as the United States, Russia, Europe and Southeast Asia.Haier's refrigerator exports are not alone. According to the General Administration of Customs, China exported 56.01 million refrigerators in the first 10 months of this year, 28.3 percent more than that of the whole year of 2019. Since March this year, the number and amount of Chinese refrigerator exports have achieved positive year-on-year growth for eight consecutive months, and the orders of refrigerator enterprises are booming. Especially with the introduction of overseas vaccines, medical refrigerators, as a guarantee of the cold chain, are enjoying a new round of hot sales.In the world economic situation is still complex and grim background, what is the reason for the hot refrigerator orders? What is the positive significance of the continuous improvement of China's foreign trade to the world economy?1. As the epidemic continues to spread overseas, the supply chain of foreign factories faces challenges, and global orders for refrigerators are concentrated in China"Every 18 seconds a refrigerator comes off the production line", which is the assembly line speed of Hefei Haier Refrigerator Co., LTD., the world's largest single refrigerator manufacturing base. On December 10, this year's 5 millionth refrigerator was rolled off the line, with its annual output value exceeding 10 billion yuan for the first time.Since March this year, as the epidemic continues to spread overseas, people who have been quarantined at home are more willing to stock up, driving up the demand for refrigerators, especially large ones. Foreign factory supply chains face challenges, and global orders are concentrated in China.It is not just home refrigerators that are in short supply. With the development progress of COVID-19 vaccine in many countries, expensive low-temperature transportation has become a major problem for the vaccine to be put into use, and the demand for specialized medical refrigerators continues to rise.As biological products, vaccines are extremely sensitive to temperature and often need medical refrigerators with even lower cooling temperatures to preserve them. In the case of overseas vaccines, the modena vaccine must be transported at minus 20 degrees Celsius. Pfizer's vaccine requires even harsher cold-chain conditions, requiring storage at minus 70 degrees Celsius.The harsh cold chain transport conditions have brought opportunities to Chinese enterprises that have long cultivated in this field and have core technologies."In the first three quarters of this year, Haier's overseas market revenue increased by 86.83% year-on-year!" Haier bio-related person in charge introduced that the ultra-low temperature refrigerator produced by the company can guarantee the safety of medical products including vaccines through the whole process and digitization.Zhongkemeling Cryogenic Technology Co., which specializes in making medical refrigerators, has also been operating at full capacity for months. The company decided to launch a new production line in the near future in order to expand capacity and cope with "full" orders following the recent release of vaccines that need to be stored at -70C overseas."The whole industry chain transport of overseas vaccines is actually Chinese companies providing these storage equipment in large quantities. On the one hand, the market demand is very large, and on the other hand, we do have the capacity to supply." Wang Lei, secretary-general of the China Household Electrical Appliances Association and head of the refrigerator Committee, said "Made in China" can be seen everywhere in the global refrigerator market, from household refrigerators to medical refrigerators.China's exports and imports both hit 40-year highs in February and NovemberThe boom in China's bicycle exports attracted attention before orders for fridges exploded. The orders of lvyuan, Fenghuang and other bicycle enterprises continue to grow, and some enterprises' orders are scheduled to the second half of next year. Data show that the bicycle industry's cumulative revenue has reached 75 billion yuan this year, up 11% year-on-year. Realized a profit of more than 3 billion yuan, up 30% year-on-year.The popularity of bicycles and refrigerators is a microcosm of China's countertrend growth in foreign trade. Since the second half of this year, export orders for epidemic prevention products, "home economy" and other related industries have exploded."Orders have been placed until June next year." In Foshan, Guangdong in December, the temperature gradually cooled down, but one of the most concentrated areas of science and technology enterprises hantian science and Technology City is a hot. When it comes to orders so far this year, Wu Huahong, general manager of Foshan Meike Medical Technology Co, describes them as "growing fast".Meike Medical Technology is a research and development and manufacturing of respiratory health medical equipment, including the development of oxygen, atomizer, sputum suction machine and other equipment. The sales market and cooperative customers involve more than 60 countries and regions such as the mainland and the United States, Japan and Russia."In the past, foreign markets accounted for about 40 percent, but this year, the proportion has gradually increased to about 60 percent." Wu huahong analyzed that the increase in the proportion of overseas customers is caused by the increase in the demand caused by the uncontrolled epidemic overseas, but more importantly, the continuous and stable development environment in China and the complete industrial chain and supply chain provide a strong guarantee for the demand of overseas customers.Taking Meike oxygen generator of the company as an example, Wu huahong introduced that the product has independent core technology leading the industry, and its more than 200 components are all domestically made. Even when the epidemic is serious in China, the impact is still limited. Thanks to this, corporate performance bucked the trend and rose by more than 40% in the face of the epidemic."With the introduction of a series of policies by the central government, the situation will be further clarified next year, and the growth rate is expected to reach more than 30 percent." Wu huahong said with confidence.According to the General Administration of Customs, the value of China's imports and exports of goods in the first 11 months of this year reached 29.04 trillion yuan, up 1.8 percent from the same period last year. In DOLLAR terms, China's exports and imports in November were both the highest in a single month since statistics began in 1979, and its exports grew at the fastest pace since February 2018."This fully shows that China's foreign trade has great potential and is quite resilient. It is also closely related to this year's foreign trade situation." Tang Yao, an associate professor at Peking University's Guanghua School of Management, told reporters: "The reason behind the rise in the value of imports and exports to the highest level in more than 40 years is that China has made full use of its manufacturing system, produced a lot of supplies for the global fight against the epidemic, and took over production orders that some countries could not fulfill because of the epidemic."China has become an anchor of global industrial and supply chain stability"Annual container throughput has exceeded the total volume of last year!" The container throughput of Zhoushan Port in Ningbo this year has exceeded the total volume of last year, as the real-time container production data on the large screen of the dispatch and command center of Zhoushan Port in Ningbo skips "27534917 TEU" at 9:25 am on December 15.Port transport is the barometer of national economic development. Since this year, the heat that foreign trade continues to grow also reflects in the port. The decline of container throughput of Zhoushan Port in Ningbo narrowed month by month, and achieved positive year-on-year growth for the first time in June, and showed accelerated growth in July, August and September, and realized the annual container throughput of the port by the end of September. In The following October, The container throughput of Zhoushan Port in Ningbo reached 2.71 million teU, a year-on-year growth of 21.2%, and both container throughput and year-on-year growth reached a record high."The situation outside China has been slow to improve, but China, which has brought the epidemic under control, has the world's most complete manufacturing industry chain cluster, which has led to an increase in foreign trade orders." "This year, the volume of containers on routes from Europe, the United States and Southeast Asia has increased greatly," said He Jie, director of the container center of Ningbo Zhoushan Port Co., LTD. It is learned that 10 new routes have been added to the southeast Asian routes of Zhoushan Port in Ningbo this year, bringing the total number to 48, contributing to the trade of countries and regions along the route.