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China +1: Apple CEO Meets Indonesia Leader to Talk Investments

Apple chief executive Tim Cook met Indonesia's president on Wednesday, as the tech giant explores ways to invest in Southeast Asia's biggest economy and diversify supply chains away from China. The visit comes as US President Joe Biden's administration seeks to ...

WEEK IN REVIEW: Apple Assembled $14 Billion Worth of iPhones in India in Its Last Fiscal Year

Apple assembled $14 billion worth of iPhones in India in its last fiscal year, providing more evidence of the electronics giant's rapid diversification of its supply chain beyond China. The company also hopes improved sales in the Indian market will help offset slumping demand for Apple products in ...

Jaishankar Says India Needs to Bolster Its Manufacturing Sector if It Wants to Effectively Counter China

India's top diplomat S. Jaishankar said military force alone is not going to be enough to counter China. Instead, India will have to build up its manufacturing capacity to reduce its economic reliance on the Chinese. "We need to recognize that ...

WEEK IN REVIEW: U.S. Senator Marco Rubio Plans to Introduce Legislation to Sharply Boost Tariffs on Chinese Vehicle Imports

U.S. Senator Marco Rubio said he plans to introduce legislation to extend the current tariffs on Chinese cars to those made in other countries, namely Mexico. "America’s existing tariffs, once effective, are now insufficient to counter China’s newest strategies," Rubio said. (AUTOMOTIVE NEWS)

Chinese EV Giant BYD May Never Sell a Car in the U.S., but It Will Everywhere Else

The Chinese government accused the United States of engaging in "classic protectionism" in response to Washington's drive to ensure Chinese-made EVs stay out of its market. There's mounting concern among U.S. lawmakers that China is going to use Mexico as a ...

Analysis from Cobus van Staden

Joint Battlefield Training to Raise Pressure in South China Sea

The U.S. military will reportedly introduce joint combat training with the Philippines in June. Major General Marcus Evans, commander of the U.S. 25th Infantry Division, told the Associated Press that the training would increase the Philippine army’s ability to fight in challenging jungle conditions.
The training will run from June 1 to 10. At Manila’s request, the training will be held in Philippine territory for the first time. It will involve about 2,000 people ...

BYD Launches Low-Cost Model in Mexico and Will Choose Site for Plant This Year

Chinese electric vehicle (EV) manufacturer BYD launched its Dolphin hatchback model in Mexico with a price tag around half that of the cheapest Tesla model. Stella Li, president of BYD Americas, stated that the company will choose a site for its new ...

BYD Is Not Planning to Enter the U.S. Market

Chinese electric vehicle manufacturer BYD is not planning to enter the U.S. market, according to Stella Li, CEO of BYD Americas, and will instead focus only on Mexico's domestic market with plans to construct a plant in the vicinity of Mexico City.

India Will be “Significantly Ahead” of China in Key Technologies, Says IT Minister

With Apple and other global technology companies moving some of their production out of China to other countries in Asia, there's a growing interest in whether a country like India, for example, is well positioned to rival China's dominance in tech manufacturing one day. ...

German President in Vietnam to Lessen Dependence on China

German President Frank-Walter Steinmeier is in Vietnam with a delegation of business executives. While Germany is already heavily invested in the Southeast Asian country, the visit feeds into Berlin’s larger mission to “de-risk” its relationship with China. Steinmeier will discuss investment deals ...

Chinese Factories in Ethiopia Close as Business Environment Worsens

The IMF is forecasting the Ethiopian economy will grow 6.2% this year, an impressive figure for a country that is digging itself out of a massive debt hole and recovering from the trauma of a two-year civil war. If the government ...
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