With less than two weeks before the opening of the Tokyo Olympics, the scene that worries everyone in Japan has happened: the new crown epidemic has “resurged” again.
As the epidemic in Tokyo, the capital of Japan, continues to worsen in recent days, the Yoshihide Suga government officially announced that Tokyo will restart a “state of emergency” from July 12 to August 22. This will be the fourth time Tokyo has entered a state of emergency since the outbreak began last year. In addition, the state of emergency in Okinawa Prefecture and key measures to prevent the spread of the epidemic being implemented in Saitama, Kanagawa, Chiba and Osaka will also be extended until August 22.
It is worth noting that the duration of this state of emergency covers the upcoming Tokyo Olympics, and the current preparation time is only two weeks. According to arrangements, the Tokyo Olympics, which was postponed for one year due to the new coronavirus epidemic, will be held from July 23 to August 8. This means that the Olympic Games will be held under a state of emergency for the first time. Last week, Japanese Minister of Health, Labor and Welfare Norihisa Tamura even hinted at the House of Representatives that he would not rule out the possibility of the Tokyo Olympics being interrupted due to the epidemic.
Toshiro Muto, CEO of the 2020 Tokyo Olympics, said on the 11th that due to the rising number of confirmed cases of COVID-19 in Japan, forcing organizers to ban spectators from most events from watching on site, the Tokyo Olympics It will provide a new model for holding large-scale events such as the Olympic Games during the epidemic.
After declaring Tokyo to enter a “state of emergency” for the fourth time, the Japanese government and the Tokyo Metropolitan Government The Tokyo Olympic Organizing Committee, the International Olympic Committee, and the International Paralympic Committee subsequently held talks and formally finalized the principle that the Tokyo Olympics events in Tokyo, Kanagawa Prefecture, Chiba Prefecture, and Saitama Prefecture (one city and three prefectures) will be held “empty”. Held in the form of “field”. Seiko Hashimoto, chairman of the Tokyo Olympic Organizing Committee, said that hosting the Olympics in empty venues is a “very difficult decision” because hosting the Olympics in empty venues means that many events will not be able to welcome spectators, and Japan will bear a huge economic burden. loss.
Refunds for the 3.63 million tickets currently sold will be carried out in order after the Olympics. Japanese media believe that refunds are only part of the economic losses, and the Japanese government will definitely add additional fees to make up for the financial shortfall after the refunds. In addition, watching games without spectators will also have a serious impact on the sales of Olympic peripheral products and the commercial promotion of sponsors. According to previous estimates by Katsuhiro Miyamoto, a Japanese economist and honorary professor at Kansai University, due to the spread of the new crown epidemic, holding the Tokyo Olympics and Paralympics behind closed doors will lead to a sharp drop in foreign tourists, or even zero, and the economic impact will be The loss will reach 2.41 trillion yen (approximately 150.7 billion yuan).
From short supply to almost “zero demand”
The Olympics will be held behind closed doors, and China’s suppliers will suffer a big blow
This Olympics will be held behind closed doors, and not only Japan and the International Olympic Committee will suffer huge economic losses. losses, suppliers from China will also suffer a big blow.
For decades, China has been one of the important suppliers of previous Olympic Games. China has been a supplier of souvenirs and peripheral products for many Olympic Games. “Made in china” can be seen everywhere on the national flag, dolls and clothing of the host country. About 50% to 60% of the competition equipment used in the Tokyo Olympics-related events comes from Chinese suppliers. Becoming an Olympic supplier will not only bring you economic benefits, but it will also be an opportunity for you to “advertise widely” through the Olympics. Years ago, some Chinese companies were gearing up and competing with global rivals to win orders for the Tokyo Olympics.
However, the “black swan” of the epidemic caught Chinese suppliers by surprise. Japan announced that the Olympic Games will be postponed to 2021, which means that suppliers have to bear the cost of goods storage and the loss of canceled Olympic orders. Even so, suppliers still have a chance to recoup some losses during the Olympics. However, holding the Tokyo Olympics behind closed doors is equivalent to a death sentence for the “Olympic economy” of Chinese suppliers. After all, each Olympic Games is given a strong national flavor by the host country, and the “Olympic economy” has a “shelf life.” Once the supplier’s products miss this Olympics, they will have no use in the next Olympics.
It is worth mentioning that Japan is an important textile exporter to my country. In 2020, the two countries imported various types of textiles from my country. Textile products amounted to RMB 144.2 billion. However, the recent outbreaks of epidemics in them will inevitably affect their production and consumption to a certain extent, and will also reduce the demand for our fabrics. There was supposed to be a large influx of people during the Olympics, and various types of Olympic clothing, flags, banners… were supposed to be in short supply. However, due to the epidemic and the Olympics without spectators, the demand for these fabrics was close to zero.
The epidemic broke out again in many countries
The textile market is gradually starting to Have to be on guard
On the other hand, some countries with poor economic conditions, faced with the impact of the epidemic, often cannot settle payments on time, which brings consequences to fabric suppliers. loss. With the emergence of the Delta mutant strain, the epidemic has re-emerged in many countries, including India, Japan, Bangladesh and other countries. Recently, the epidemic has re-emerged in another country surrounding China.�, that is Indonesia.
According to Indonesia’s “International Daily News”, Indonesian Coordinating Minister for Maritime Affairs and Investment Luhut said that Indonesia currently has more than 40,000 confirmed cases of new coronary pneumonia every day, and the government has prepared a plan. A series of measures were taken to deal with this worst-case scenario, including opening up assistance from neighboring countries such as China and Singapore.
In the Asian region, Indonesia’s current daily number of new confirmed cases has surpassed India, ranking first in Asia.
In addition, many domestic textile clusters have recently experienced a sharp rebound in their operating rates. Especially in the past week, although the prices of upstream raw materials have risen sharply, the weaving operation rate has been rising as if production and work were to resume after the year. In Haining and Changshu, it has even exceeded 90%. An important reason why the market has changed so much is that foreign trade orders have gradually improved, especially autumn and winter fabrics, which have always been in good demand.
Therefore, the recent overseas epidemic is still continuing under the hot summer, making the textile market that is gradually starting to have to guard against it. After all, many weaving factories are now increasing their operating rates, partly to prepare stocks in advance for the upcoming peak season. However, if the epidemic cannot be controlled, the peak season in the second half of the year is likely to be as “slow as the peak season” in the first half of the year.
When the epidemic spread around the world, industrial chains in various countries were temporarily suspended and consumer demand plummeted, putting Chinese foreign trade companies under great pressure. The holding of the Tokyo Olympics behind closed doors and the resurgence of the epidemic in Southeast Asia will inevitably make Chinese textile suppliers even worse. Especially for some small and medium-sized enterprises, they may face the risk of bankruptcy. </p
