The Biden administration wants to revitalise the US manufacturing sector to compete with China. However, facing stiff competition from Europe and East Asia, is likely to face the same problems China has if it wants to establish a self-sufficient domestic manufacturing industry. Read the full analysis below. Since former US President Donald Trump launched his trade war with China, competition with Beijing has become an obsession in US politics. His …
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Manufacturing
Using case studies including Apple, Uniqlo and Dyson, among others, Yuqing Xing’s new book explores how global value chains have offered an alternative path for China to achieve industrialisation, turbocharging the economic learning curve. Paul French finds out more. On a surface level, it’s a well-known story: over the last quarter century, China has emerged as the world’s largest exporting nation with more than £1.4 trillion GBP of exports annually. …
Joe Biden’s USD 1.9 trillion stimulus package will further boost Chinese exports to the US, but a stronger dollar could also increase costs for commodities and foreign investment in China, writes Torsten Weller. US President Joe Biden has achieved his first major legislative success, after signing a huge USD 1.9 trillion stimulus package into law on 11 March. The bill includes direct payments of up to USD 1,400 to American …
The cost of shipping increased by over 350% last year as lockdowns unleashed unprecedented demand for consumer goods from China, and there is no indication that costs are going to come down anytime soon. The cost of shipping between China and the UK increased by over 350% last year, severely impacting companies that rely on being able to move goods and manufactured parts between the two markets economically. The cost …
Understanding China’s Economic and Technological Development Zones, such as the Hainan Free Trade Port and others, is key to UK businesses benefitting from them. Following a launch at the China Development Institute’s annual China Development Zone Conference in Shanghai, CBBC‘s latest report from the ‘In the Zone’ series is now available Complementing the first edition of In the Zone, which gave an overview of the different types of zones commonly seen …
The winners of the British Business Awards 2020, including the inaugural British Exporter of the Year Award, have been announced The new British Ambassador to China and patron of the British Business Awards 2020, Caroline Wilson CMG, was the guest of honor at the ceremony announcing the winners of this years Awards. The ten awards aim to showcase the companies and individuals who have been building strong business relationships betwen …
China has emerged as the biggest growth engine for UK exports in 2020, the latest sign of the importance of our economic ties with the world’s second-largest economy Analysis of the UK’s trade data for the first eight months of the year show that British goods exports to China rose by 10.7% compared with the same period in 2019, excluding volatile items such as crude oil and non-monetary gold. In …
Whether Donald Trump is re-elected, or Joe Biden becomes the next president, there is little doubt that the United States will continue to pursue hardline policies with China, writes James McGregor, Greater China Chairman at APCO Worldwide The belief that China is an untrustworthy bad actor at home and abroad is the one bipartisan issue in today’s deeply divided Washington. The consensus that China was on a path to become …
US car maker Tesla’s arrival in Shanghai, coupled with the impact of the coronavirus pandemic, has prompted a race among electric vehicle makers in both China and America. But who will win, and will this ‘new cold war’ shape the future of environmentally-friendly travel, writes Charlotte Middlehurst For a while it seemed like China’s grip on the 21st-century’s electric vehicle market was unshakeable. For decades Beijing has led the world …
For many UK importers, allowing their Chinese suppliers to pay for freight sounds like a great deal. However there’s no such thing as a free lunch, writes Gary Wilcox of logistics company JAG UFS For many years now, UK importers have fallen into the trap of letting their Chinese suppliers ‘pay’ for freight of LCL (Less than Container Load) shipments from China to the UK. On the face of it, …