面对供应过剩、价格战以及欧盟、印度、巴基斯坦和巴西等主要出口市场日益增长的保护主义威胁，中国领先的光伏出口商——包括天合光能、隆基绿能和通威股份——承诺停止在海外市场的价格下调竞争。这一举措旨在稳定出口市场，推动行业可持续发展。 主要动态 行业协作： 由 中国机电产品进出口商会 牵头成立了由 22家光伏企业 组成的“自律”委员会，致力于促进健康竞争，稳定出口价格。 政策调整： 自 12月1日 起，硅片、电池片和组件的出口退税率将从 13% 降至 9% ，旨在鼓励出口高附加值产品，减少反倾销调查风险。 产能过剩危机： 过度生产导致价格下滑，造成大量亏损、裁员，甚至企业破产，给中国光伏企业带来沉重压力。 全球影响： 中国在光伏出口市场的主导地位受到越来越多的关注，外国市场可能采取反补贴措施，这为行业增加了更多的不确定性。 专家观点 大和证券分析师Dennis Ip： 退税率下调可能对光伏组件公司的短期财务状况产生负面影响，但从长期来看影响有限。 隆基绿能的观点： 行业领导者认为，这一举措是中国光伏行业的“转折点”，强调合作对于维持全球竞争力的重要性。 展望 随着中国光伏企业努力实现市场稳定，向高附加值产品和合作战略的转型有望改善行业的全球形象和长期韧性。然而， 产能过剩 和 退税减少 的直接挑战依然严峻。在国际市场压力下，如何平衡短期财务影响与长期发展需求，将成为行业关键议题
Thailand’s non-performing loans (NPLs) have surged to their highest level in three years, as both businesses and households struggle with debt repayment. The Bank of Thailand (BoT) is collaborating with the finance ministry to finalize relief measures aimed at easing the burden on vulnerable groups.
Key Highlights
Rising Bad Loans:
- 2.97% of commercial loans were non-performing as of September, up from 2.84% in the previous quarter, marking the highest ratio since Q3 2021.
Debt-Relief Measures in Progress:
- Prime Minister Paetongtarn Shinawatra is spearheading efforts to address 1.3 trillion baht (US$37 billion) in household and personal loans, proposing:
- Longer repayment periods.
- Interest suspensions.
Fee Reductions for Banks:
- Banks will see a 50% cut in bailout fund fees, according to BoT assistant governor Suwannee Jatsadasak.
- Full details of the debt-relief measures are expected by the end of the year.
Economic Challenges
Credit Quality Decline:
- Loans fell 2% year-on-year, the first quarterly drop since 2010, with sectors facing structural issues and declining competitiveness.
- Small- and medium-sized enterprises (SMEs) and vulnerable households are the hardest hit.
Economic Lag:
- Thailand’s Q3 GDP growth of 3% lags behind regional peers like Indonesia (4.95%) and Malaysia (5.3%).
- High household debt levels are stifling spending, investment, and hiring.
Monetary Policy Adjustments
Last month, the BoT unexpectedly cut its benchmark interest rate for the first time in over four years, citing:
- Deteriorating credit quality.
- Pressure from high debt levels among SMEs and households.
Outlook and Implications
While relief measures could ease the immediate strain, Thailand faces broader economic challenges, including:
- Structural issues in key sectors.
- The need to improve competitiveness and boost household income.
Debt restructuring and proactive policies will be critical to restoring economic confidence and preventing further credit deterioration. The finalization of debt-relief plans by year-end will be a key milestone for the nation’s recovery efforts.
Comments
Post a Comment