In the past year of 2020, the “epidemic” factor runs through the whole year, and the market development has shown great fluctuations. However, there are also some bright spots in the difficulties. China’s foreign trade market is recognized as the fastest developing field in 2020.
* Why is China’s foreign trade “dark horse” so strong?You’ll know after you read it!
Since the second half of the year, foreign countries have been affected by the epidemic, and the trade demand for the Chinese market has increased dramatically. Many industries have achieved a substantial increase in export trade orders compared with the same period last year, and some enterprises even saw several times of growth. All these are the dividends brought by the foreign trade market.
But not all countries are seeing an increase in foreign trade. According to foreign media reports, 250,000 small businesses in the UK are facing bankruptcies this year.US retailers closed 8,401 stores, with more likely to follow.
At least 250,000 small businesses in the UK will close in 2021 unless more government support is provided, the Federation of Small Businesses warned on Monday, potentially dealing a further blow to an economy heading for a double-dip recession.
The warning comes as the UK is reimposing a blockade to contain the new outbreak, the hospital system is overwhelmed and job losses are mounting.Lobby groups say the 4.6 billion pounds (about $6.2 billion) in emergency aid announced by British Finance Minister Rishi Sunak at the start of the blockade is far from enough.
Mike Cherry, chairman of the Federation of Small Businesses, said: “The development of business support measures has not kept pace with increasing restrictions and we could lose hundreds of thousands of good small businesses in 2021, which will take a huge toll on local communities and individuals’ livelihoods.”
The association’s quarterly survey found business confidence in the UK was at its second-lowest level since the survey began 10 years ago, with almost 5 per cent of the 1,400 businesses surveyed expecting to close this year.According to government figures, there are about 5.9m small businesses in the UK.
America’s retail industry, which has already closed 8,000, is bracing for another wave of bankruptcies in 2021.
The US retail industry is already in transition before 2020.But the arrival of the new epidemic has accelerated that transition, fundamentally changing how and where people shop, and with it the wider economy.
Many brick-and-mortar stores have closed for good as they have been forced to cut back or file for bankruptcy.Amazon’s momentum is unstoppable as millions of people shop online, thanks to quarantine at home and other precautions.
On the one hand, shops selling necessities of life can continue to operate;On the other hand, shops selling other non-essentials have been forced to close down.The chasm between the two formats has exacerbated the plight of struggling department stores.
Judging by the list of companies that will go bust in 2020, few industries will be immune to the economic downturn spawned by a new pandemic.Retailers J.C. Penney, Neiman Marcus and J.Crew, car rental giant Hertz, mall operator CBL & Associates Properties, Internet provider Frontier Communications, oilfield services provider Superior Energy Services and hospital operator Quorum Health are among the companies on the bankruptcy list.
The U.S. census bureau issued a press release said on December 30, “Small Pulse Survey” (Small Business Pulse Survey) to collect data on December 21 to 27 confirmed that under the influence of the outbreak, in the first three quarters of this year the country more than three quarters of Small Business owners are moderate the impact of the above, the hardest hit is the accommodation and catering industry.
The percentage of small business owners nationwide who were “severely hit” during that time period was 30.4 percent, compared with 67 percent in the lodging and restaurant sector.Small retailers fared slightly better, with 25.5 per cent saying they were “hit hard”.
While the new vaccine has begun to be administered in the United States, giving consumers a much-needed shot in the arm, overall 2021 will be a tough year for overseas companies.
Foreign market situation is unpredictable, once again remind foreign trade friends always pay attention to the relevant information, seize the business opportunities at the same time to be vigilant and maintain confidence.