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Lessor Avolon this week joined other stakeholders in warning that a shortage of commercial aircraft is a growing theme around the world amid “endemic” delays to the delivery of new jets. Earlier this month, Airbus said it delivered 661 commercial aircraft in 2022, falling nearly 40 short of a conservatively revised target, while data released this week shows Boeing produced far fewer 737s in 2022 than it had planned to.   Source : FlightGlobal

“We are still seeing a 40% drop in current manufacturing orders,” said Alan Baer, CEO of OL USA. “The fi­rst quarter is going to be challenging.” Orders continue to be down, based on CNBC reporting, with the high inventories and a lack of consumer demand. The decrease in orders is based on what the factories normally receive from companies.   Source : https://www.cnbc.com/2023/01/13/4-troubling-global-trade-trends-flashing-consumer-weakness-recession.html

Shanghai's economy contracted 0.2% in real terms for 2022, marking the city's ­first negative growth since tracking began in 1978. The downturn from 2021's 8.1% growth resulted largely from Shanghai's two-month lockdown last spring under China's strict zero-COVID policy. The move forced factories to suspend production and disrupted supply chains. Shanghai residents were required to stay home during this period, which squeezed consumer spending. Total retail sales in the city, including through online channels, dropped 9.1% last year. Shanghai's tourism sector continued to suffer even after the lockdown ended in late May, due to restrictions on indoor dining and on long-distance travel within China. The city's hotels and restaurants saw a 22.4% drop in revenue. Online sales fell 3.9%.   Source : https://asia.nikkei.com/Economy/Shanghai-economy-shrinks-1st-time-ever-on-COVID-lockdown

A direct flight from China landed in Indonesia’s resort island of Bali for the fi­rst time in nearly three years on Sunday after the route was suspended due to the pandemic. Indonesia is targeting 255,000 tourists from China in 2023. Indonesia recorded 94,924 visits from China from January to October 2022. More than 2 million tourists from China visited Indonesia each year before the pandemic. The return of Chinese tourists is expected to support the overall target of foreign tourist arrivals this year. Indonesia aims to record 3.5 million to 7.4 million foreign visits, said Sandiaga Uno, the Minister of Tourism and Creative Economy, in a statement Friday. China is one of the largest markets for inbound tourism in Indonesia.   Source : https://www.voanews.com/a/bali-welcomes-first-flight-from-china-as-covid-rules-ease/6929176.html

Indonesia’s trade surplus hit a record high of USD 54.46 billion last year amid a global increase in commodity prices and a disruption to the global supply chains as a result of the Russia-Ukraine war. The surplus was a 53.75 per cent increase from the USD 35.42 billion in 2021. It was caused by increases in prices and export shipments of commodities like coal, crude palm oil and iron.   Source : https://www.channelnewsasia.com/asia/indonesia-trade-surplus-increase-record-high-2022-3210926

The port of Shanghai retains its position as the world’s largest container port in 2022. Last year, container volume at Shanghai port exceeded 47.3m teu, maintaining crown the world’s number one container port for 14 consecutive years. However, last year the Chinese port only saw marginal growth over 2021 when it handled 47m teu. As of the end of November 2022 Shanghai port’s largest rival Singapore had handled 34.02m teu. Playing a key role in Belt and Road Initiative and the integrated development of Yangtze river delta, Shanghai port has deepened cooperation with other ports and promoted cooperation between port and shipping lines. The newly opened Northeast Asia Empty Container Distribution center e­ectively improved service capacity of the industry. To bring region advantages into full play, Shanghai port newly established or operated several container companies at Huai’an, Lianyungang, Jiangxi, Wuhan and Lvsi, jointly providing comprehensive services for the nation’s dual circulation strategy.   Source: Seatrade Marinetime

Vietnam's economy grew 8.02% in 2022, the fastest annual pace since 1997, backed by strong domestic retail sales and exports, but is facing headwinds from a global slowdown. The reading is higher than an official growth target of 6.0%-6.5% and last year's growth of just 2.58%, when COVID-19 lockdowns left a dent on the economy and impacted factory activity. The high annual growth number comes despite fears of a global recession and its impact on demand for exports from Vietnam, a key manufacturer of goods like textiles, footwear and electronics for big-name international brands. Vietnam is targeting GDP growth of 6.5% and inflation at 4.5% for next year.   Source: Reuters

President Jokowi inaugurated the 30.9-kilometer long Pekanbaru - Bangkinang toll road, which is part of the Padang - Pekanbaru toll road that will connect Riau and West Sumatra Provinces. The new toll road spent a budget of Rp4.8 trillion. He explained that this toll road will be connected to the Pekanbaru ring, so that Dumai, Pekanbaru, and Bangkinang will be connected. The Pekanbaru - Dumai toll road has been operating since 2020. The Pekanbaru - Bangkinang toll road is the second operating toll road in Riau after the Pekanbaru - Dumai toll road which is claimed to already have very good traffic.   Source : https://en.tempo.co/read/1675828/jokowi-inaugurates-pekanbaru-bangkinang-toll-road