Increasingly reliant on each other for sustainable economic growth, the United States and China have fallen into a classic codependency trap, bristling at changes in the rules of engagement. The symptoms of this insidious pathology were on clear display during Chinese President Xi Jinping’s recent visit to America. Little was accomplished, and the path ahead […]
In an attempt to build India’s industrial base nationwide, (Prime Minister Narendra) Modi is pushing the Make in India campaign, designed to attract foreign investment by highlighting the ongoing changes. How does the effort all stack up agains China? Read Here – Businessweek
According to a new estimate, there are 30 million forced laborers in the world. Some reports show they’re involved in making everything from iPhones to chocolate. Read Here – The Atlantic
When it comes to labor rights and working conditions, Bangladesh is the new China. And not in a good way. The South Asian nation has been the scene of two major industrial disasters in the past six months. In November, a fire in a factory left 112 garment workers dead; in April, a factory collapsed, […]
CHINA is known for its industrial might. Manufacturers, miners, utilities and builders accounted for over 45% of China‘s GDP in 2012. In America, by contrast, they contributed less than 20%. China, according to caricature, makes things—things you can drop on your foot. Soft-toed America merely designs, brands and peddles them. Read Here – The Economist
Sharma Sagar is the new face of Korean manufacturing. He’s from Nepal. Sagar studied Korean for years, competing with other candidates in his native Himalayan homeland to be chosen by a joint-government program that was set up to help South Korea supplement its dwindling labor pool. Read Here – Bloomberg
We can now discern more or less when the catch-up growth miracle will sputter out. Another seven years or so – enough to bouy global coal, crude, and copper prices for a while – but then it will all be over. China’s demographic dividend will be exhausted. Beijing revealed last week that the country’s working […]
Six cities in Liaoning province, including Shenyang and Anshan, recently announced they are converting abandoned industrial sites to farmland. Dongguan, once a booming factory center, is on the verge of bankruptcy as companies close, leaving the local government severely cash-strapped. Just two years after China overtookthe U.S. to become the world’s largest manufacturer, the country faces the […]
China’s growth rebound, forecast to have gathered pace in November, is bypassing smaller businesses in a sign the government may need to step up policy support to secure a more broad-based recovery. Industrial production growth probably accelerated for a third month to 9.8 percent from a year earlier, while retail sales probably rose 14.6 percent, […]
looking beyond borders 