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Japanese media said that the order volume of industrial robots in Japan is expected to decline

reference news on May 26, the Japanese media said that the Japan robot industry association released a forecast on May 22 that the order volume of industrial robots in 2019 (member enterprises and non member enterprises combined) is expected to decrease by 2.3% year-on-year, to 940 billion yen (1 yen is about 0.06 yuan -- this note)

data map: in Tokyo, Japan, people visit a variety of mechanical arms at the exhibition. (Xinhua News Agency)

according to the Nihon Keizai station on May 23, the association predicted in January that the order volume in 2019 would reach 1.05 trillion yen, an increase of 4%. This time, the expectation was lowered, and the order volume turned to decrease. Due to the intensification of Sino US trade frictions, the willingness to invest in equipment is currently declining. Exports to Chinese Mainland, which accounted for 40% of exports, increased by 49% in 2017 and slowed to only 3.1% in 2018, only 267.9 billion yen, with an increasingly obvious deceleration trend

fujihara Kuan, the special director of the Japan robot industry association, explained the reason for the reduction of expectations: "orders from January to March 2019 (28% less than 2018) are close to the level of 2017. They have increased rapidly after 2017, but it is difficult to exceed the level at that time to recover the declining part."

in 2018, Japan's industrial robot orders (member enterprises and non member enterprises combined) increased by 1.9% year-on-year, reaching 962.3 billion yen, a record high

Yasuhiko Hashimoto, President of the Japan robotics Association and director of Kawasaki heavy industries, said that the trend of investment delay can be seen, "the impact of trade friction is reflected in the real economy"

[extended reading] British media: Facebook will launch the "global currency" next year or face the test of trust

reference news on May 25, British media said that Facebook plans to launch the "global currency" in 2020

according to BBC website on May 24, Facebook is finalizing its plan to launch cryptocurrency in 2019. Facebook plans to establish digital payment systems in more than a dozen countries in the first quarter of 2020. The social media giant hopes to start testing this cryptocurrency, which insiders call global currency, by the end of 2019

it is reported that Facebook is expected to announce a more detailed plan in the summer of 2019, and has discussed with Bank of England President Mark Carney

Facebook founder Mark Zuckerberg met with Carney in April to discuss the opportunities and risks of issuing cryptocurrencies. Facebook also consulted U.S. Treasury officials on operational and regulatory issues

the company is also negotiating with Western Union and other remittance companies to find cheaper and faster remittance methods for people without bank accounts

according to the report, Facebook hopes to create a digital currency to provide an economical and safe payment method, whether users have a bank account or not

this social networking site with WhatsApp and instagram hopes to disrupt the existing (financial) network by breaking financial barriers, competing with banks and reducing consumer costs

it is reported that Facebook, a digital currency network program codenamed "Libra project", was initially disclosed by the media in December 2018

according to the project, Facebook will be linked with banks and brokerage companies, fully benefiting from the excellent performance of carbon fiber, so that people can convert US dollars and other international currencies into digital currencies

it is said that Facebook is also persuading some businesses to accept this currency as a payment method in exchange for transaction fee discounts

in recent years, Facebook has been criticized for the way it handles users' personal data, and regulators are likely to pay close attention to the company's cryptocurrency

it is reported that in early May, the U.S. Senate and Banking Committee sent a public letter to Zuckerberg asking how this currency will operate, how Facebook will protect consumers after too long-term development, and how to obtain data

according to the report, Facebook also discussed identity verification and how to reduce the risk of money laundering with the U.S. Treasury Department

it is believed that Facebook and its partners hope to link this currency to a basket of currencies including the US dollar, the euro and the Japanese yen to prevent sharp fluctuations in the value of the currency

this is not the first time Facebook has set foot in the field of digital currency. Ten years ago, it created the virtual currency "Facebook credit", which allows users to buy items in the application of this social networking site. However, due to its failure to popularize, the project was terminated within two years of operation

according to the report, the biggest test facing Facebook is likely to be whether people will trust this social networking giant enough and be willing to exchange their cash for digital currency

schematic diagram, picture source: Reuters


[extended reading] American media: the tariff war will close tens of thousands of American stores

reference news on May 24, USA Today station on May 20, a UBS report pointed out that the US China trade war may lead to the rise in the prices of a variety of goods in the United States, from toys to clothing, and may also trigger a wave of store closures. Market research institutions predict that 12000 stores may close by the end of this year

According to the report, Jay sol, an analyst at UBS group, wrote in the report: "the market has not realized the hardships of physical stores struggling to survive day by day, and the new 25% tariff may force a large number of stores to close. We believe that the imposition of a 25% tariff on imported Chinese goods by the United States may make the profits of these retailers more relaxed, further squeeze the resource momentum, and lead to the massive closure of stores."

earlier this month, U.S. President trump raised the tariff rate of China's goods exported to the United States worth $200billion (US $1, about 6.9 yuan -- this note) from 10% to 25%, and threatened to impose a 25% tariff on the remaining $325billion of Chinese goods exported to the United States. UBS group predicted in a report in April that more than 20000 American clothing stores would close by 2026. "Tariffs could cause more than half of these stores to close within a year," Saul said

according to the report, a survey conducted by colset research, a US market research institution, showed that US retailers were struggling this year before the emergence of new tariff risks. In the first 20 weeks of this year, more stores in the United States announced to close than in the whole year of last year. Statistics show that 5864 stores in the United States closed in 2018, including all stores of Toys R US, the leading toy retail industry in the United States, and hundreds of retail stores of Kmart and Sears. In the United States, 8139 stores closed in 2017, the highest record in American history

it is reported that nearly 6400 stores in the United States have announced their closure this year. A new report released last week by colset research estimates that 12000 stores in the United States may close by the end of this year

according to the American consumer and business channel station on May 21, when talking with analysts at the meeting after the release of the financial report on May 21, the executives of Cole department store, Jesse penny and home depot unanimously opposed the imposition of tariffs on goods imported from China

the share price of Kerr department store fell to its lowest level in 52 weeks after lowering its earnings forecast, which Kerr attributed in part to the tariff strike

Bruce Besanko, Coyle's chief financial officer, said, "at present, these tariffs mainly affect the goods from China in our furniture and accessories business."

at the same time, retail giant Jesse Penny said that the new tariffs could eventually damage its internal brands. Retailers are turning to private brands in an attempt to improve profitability. But tariffs will curb the benefits of this approach, as retailers will be forced to absorb costs themselves

household goods retailer Debao said that with the tariff levied on Chinese goods worth 20 billion US dollars through the signing of a cooperation agreement with genomatica increased from 10% to 20%, it has "an impact of about $1billion" on Home Depot's business, but this "is controllable"

reported that, however, the latest round of 25% tariffs was not included in the retailer's latest forecast. Carol tome, chief financial officer of home depot, said, "we are trying to eliminate the impact of these tariffs."

the picture shows the 2019 North American International Toy Exhibition held in New York, USA. Xinhua News Agency/France news agency


[extended reading] Russia's poultry industry aims at the Chinese market: it will become an important player in the global poultry market

reference news on May 24, Bloomberg News station published a report entitled "Russia's latest ambition in China is to sell more chicken wings" on May 23, saying that Russia has supplied poultry meat to China for the first time since the Soviet era. This may be a big step for the Russian poultry industry, which hopes to become an important supplier to more countries

it is reported that Russia's poultry production has doubled in the past 10 years, becoming the sixth largest producer in the world, and it may have been able to meet some of China's needs

chergizovo group of Russia plans to start exporting chicken to China soon. Andre jieliaoxin, head of the company's export department, said: "we expect China to become one of our major customers, and the situation is very conducive to entering the market."

it is reported that miratog agricultural holding company exported 54 tons of chicken wings to China in April this year. The Russian National Meat Association said that Russia may export tens of thousands of tons of chicken wings to China in a few years

Russia was the largest poultry importer 20 years ago, and now it mainly exports to other countries in Asia and Africa. The Russian National Meat Association said that if all existing production capacity is used, domestic production is expected to increase by hundreds of thousands of tons. That can meet the needs of a large importing country

the report quoted Sergei Yushen, chairman of the Executive Committee of the association, as saying: "Russia is about to become a net exporter of chicken. Russia should become one of the largest suppliers in the world market. We have food and chicken, and we have accumulated professional knowledge."

Jie liaoxin of chergizovo group said that at present, with the increase of demand, Russian chicken feet and wings will be the easiest products to sell to China

he said, "as for products in other parts such as drumstick, we face some competition from Brazil, the European Union and other suppliers."

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