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CFM Morning Post

1. Although there have been no new cases in Thailand for more than 40 consecutive days, Thailand is expected to become the worst economy in Asia this year, according to a study released by Bloomberg. The National Bank of Thailand predicts that GDP growth in Thailand will shrink by 8.1% this year, the biggest decline in recent years, and the crisis caused by the epidemic is even more serious than the “Tom Yum Gong” financial crisis 20 years ago.

2.WPP, the world’s largest communication group, and consulting firm Kaidu (Kantar) jointly released the report on the Top 100 Global Brands of BrandZ in 2020, and its short video app TikTok ranked 79th on the list for the first time.

3. Theaters and advertising have been hit hard. “Although the impact of the novel coronavirus epidemic may be most obvious in 2020 and 2021, in fact, the impact will continue for the next five years,” Ampere said in the report. Ampere predicts that the outbreak is expected to lead to the disappearance of the “160 billion dollars of growth” instinctively achieved by the entertainment industry.

4.Organizers of a stage show in Tokyo’s Shinjuku district admitted that a six-day show held earlier this month had a gathering infection that had been diagnosed by a total of 30 staff and audiences, while about 850 people had been in close contact. At present, the Tokyo metropolitan government is calling on all close contacts to be tested for novel coronavirus.

5.After the UK Treasury announced the second phase of the UK rescue plan, Moody’s, the international rating agency, warned that the decline in the UK economy from high to low this year would be greater than that of any other G20 country, because in addition to the impact of the novel coronavirus epidemic, the impact of Brexit in the second half of this year should also be taken into account.

6.The number of bankrupt enterprises in Japan reached 4001 in the first half of 2020 (with a total debt of more than 10 million yen), according to data released by the Tokyo Commercial and Industrial Research Company. Although it grew by only 0.3 percent over the same period last year, it was the first increase in 11 years since the Lehman crisis in 2009. The total debt of bankrupt companies in the first half of the year was 657.1 billion yen, down 13.7% from a year earlier.

7. The Baltic dry index fell 0.99% to 1792.


Post time: Jul-14-2020

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