SDG Epidemic Prevention Weekly(2023/02/06)

Editor : Alex Tsai  

Dear Partners,

Up to this week, there have been more than 671 million confirmed cases of Covid-19 in the world, with more than 6.75 million deaths. The death rate has continued to drop to 1.00%. Week-on-week number of newly diagnosed cases was 85.28%(decreased 14.72%).

The world has been unsealed and opened up, and the epidemic situation remains flu-like. This week will be the last release of the SDG Group's weekly report on epidemic prevention and recovery. SDG Group will continue to maintain normal epidemic prevention, and is committed to promoting the concept of "SDG Industrial Value Network" to accelerate industrial recovery.

    global Global PESER (Politics Economy Society Enterprise Risk)
    SDG Group P: On the occasion of the first anniversary of Russia’s invasion of Ukraine on 2/24 this year, the Russian Foreign Ministry revealed in a recent statement that Chinese President Xi Jinping will visit Moscow this spring, describing it as the “top priority” on the agenda of the two countries; If Wang Yi, director of the Office of the Foreign Affairs Commission of the CPC Central Committee, plans to visit Russia in February, it will be Xi Jinping's first visit to Russia in three years after attending the International Economic Forum in St. Petersburg in June 2019, but Beijing has not yet confirmed the news.
    E: China's manufacturing purchasing managers' index (PMI) in January jumped to 50.1 from 47 in the previous month, the first increase in four months, and the non-manufacturing PMI also jumped from 41.6 to 54.4, both of which entered the expansion range. After the lifting of the anti-epidemic policy, China's economy began to rebound; however, analysts warned that the restart of China's economy may push up commodity prices, which in turn will hit global efforts to raise interest rates to fight inflation.
    S: The Cato Institute, an American think tank, and the Fraser Institute, a Canadian think tank, released the 2022 Human Freedom Index (HFI). Taiwan ranks 14th among 165 countries in the world and 1st in Asia with 8.44 points (out of 10 points).
    E: From February, the group's new order production capacity delivery period will be shortened to 80 days, and the supply guarantee delivery period will be 30 days, and will be gradually reduced by 10 days per month according to the group's plan. It is expected that the normal 30-day delivery period will be fully restored from 2023/July , the Group's manufacturing base factories fully invest in automation to increase production capacity.
    R: 4.0

Taiwan Headquarters (General Manager : Kevin Chen)

    company PESER (Politics Economy Society Enterprise Risk)
    MWTW P: President Tsai held a teleconference with the Czech president-elect, hoping to continue to promote a close partnership.
    E: The Statistics Office of the Ministry of Economic Affairs announced that the industrial production index for December 2022 will be 129.62, an annual decrease of 7.9%; the manufacturing production index will be 131.99, an annual decrease of 8.4%.
    S: The Taiwan Affairs Office of the State Council called for the resumption of 16 direct flights to Guangzhou and other destinations. The Ministry of Communications pointed out that it will consider traffic volume and epidemic factors and discuss with relevant units before making a decision.
    E: Continue to stabilize the mix of production and sales, accelerate investment in automation, and prepare for recovery.
    R: 4.2

Guangzhou MEAN WELL (General Manager: Aden Wang)

    company PESER (Politics Economy Society Enterprise Risk)
    GZMW P: The National Development and Reform Commission promulgated and implemented the newly revised Measures for State Welfare-to-work Administration.
    E: The manufacturing PMI came in at 50.1% in January, up 3.1 percentage points from the previous month. The production index, new orders index and new export orders index rose 5.2 percent, 7 percent and 1.9 percent, respectively, from the previous month.
    S: Joint prevention and control mechanism of The State Council: The epidemic has entered a low epidemic level in China.
    E: Continue to promote supply guarantee, 3+N projects and automation improvement, and maintain production and marketing level.
    R: 4.0

Suzhou MEAN WELL (General Manager: Alan Liu)

    company PESER (Politics Economy Society Enterprise Risk)
    SZMW P: Beijing proposes to restore 16 direct waypoints between Taiwan and the mainland.
    E: The Statistics Bureau announced that the manufacturing PMI in Jan. was 50.1%, increased by 3.1% from the previous month.
    S: The Suzhou Government issued the Several Policies and Measures on Promoting the Overall Improvement of Economic.
    E: Improving the output and two-day delivery rate and carrying out the “Guaranteed Standards’ Supply Projects", to maintain the balance of production and sales.
    R: 4.0

MEAN WELL Europe (General Manager: Coleman)

    company PESER (Politics Economy Society Enterprise Risk)
    EUMW P: Ukraine and EU officials meeting, EU commissioner Ursula von der Leyen arrived Kiev. This has heightened the tension between Russia and western world.
    E: Both ECB and bank of England increased key interest rate by 50bps. BoE communicated end of rate hike while ECB indicated more increases to come.
    S: EU commission announced new green industry plan targeting growth while implementing it’s net-zero strategy. The plan focuses on RePower EU, InvestEU and Innovation funds.
    E: Visiting green energy customers and look for new KA/pKA. Promote 3+N and newly launched products.
    R: 4.1

MEAN WELL USA (General Manager: Leo)

    company PESE (Politics Economy Society Enterprise)
    USMW P: Blinken postpones trip to Beijing after Chinese spy balloon spotted over US.
    E: FED announced to raise interest rate a quarter point to a target range of 4.5% ~ 4.75%.
    S: The unemployment rate fell to 3.4% versus the estimate for 3.6%. The January jobs report showed nonfarm payrolls increased by 517,000, far higher than the 187,000 market estimate.
    E: Increase 2-day delivery rate and promote LTG program to stable order bookings, execute SDG market development fund.
    R: 3.9

ASIA (ASIAN Regional Manager: Leo Wu)

    company PESER (Politics Economy Society Enterprise Risk)
    INMW P: India's defense budget jumps 13% in response to geopolitical competition.
    E: The Indian government proposes an annual budget of US$550 billion, which will increase capital expenditure by 33%, hoping to create more job opportunities and continue domestic economic growth.
    S: 2 skiers killed in Indian ski resort avalanche.
    E: Visit key customers and support their key projects.
    R: 3.9
    SGMW P: Former Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor visited the Singapore Prime Minister Lee Hsien Loong to discuss the development of the two places and strengthen cooperation in areas of common interest such as education.
    E: Classic: Singapore's Ministry of Transport says Changi Airport is recovering strongly, passenger flow ranks first in Asia-Pacific.
    S: More than 32,000 people in Singapore were infected with dengue fever last year, the second highest in history.
    E: Visit key direct customers and promote 3+N product.
    R: 3.9

    NE Asia (General Manager: Jeff Fang)

    company PESER (Politics Economy Society Enterprise Risk)
    NE Asia P: Japan and China's foreign minister talked on the phone, calling for peaceful coexistence and friendly cooperation.
    E: Core prices in Tokyo rose by an annualized 4.3 percent in January, the biggest increase in 42 years.
    S: The epidemic is slowing down, and the number of new crown pneumonia infections in Japan and South Korea is gradually decreasing.
    E: Promote the guarantee program and continue to track the status of 2023Q2 orders.
    R: 3.9

Have good intentions, care our partners, provide the power of stability and assist industry to recover.

SDG Prevention Team