Category: Manufacturing
Türkiye Puts Its Best Foot Forward to Charm Chinese Investors
By Burcin Gercek Türkiye plans to draw on its geographical position and an EU customs deal to entice Chinese investors keen to access European markets tariff-free, as it recently just did with carmaker BYD. The ...
China’s BYD Opens EV Plant in Thailand Despite Slowdown, Tariff Row
By Damon Wake China's electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swingeing tariffs on Chinese EV firms.
Nigeria’s Dyed Cloth Traders Feel Heat From China, Inflation
By Kadiatou Sakho Despite the rain pelting Balogun market in Lagos, Ajoke takes her time choosing the tie-dye fabric known as adire that she wants to give as a gift. The popular textile, traditionally dyed ...
The Hidden World of Chinese Manufacturing in Ethiopia
Ethiopia's long-held ambition is to one day emerge as a major global manufacturing hub, benefiting from a wave of Chinese offshoring. The East African country's strategic location, abundant labor supply, and welcoming government are all very enticing for cost-conscious Chinese manufacturers. ...
Mexico Aims to Be Big Economic Winner From U.S.-China Tensions
By Daniel Rook Sparks fly as a laser slices through metal in a factory in Mexico, which is preparing for a wave of foreign investment thanks to heightened tensions between the United States and China. ...
China Issues Draft Guidelines to Rein in Lithium Battery Industry
China has released draft guidelines aimed at reining in the country's lithium battery industry, which has been in Western crosshairs over fears subsidized overproduction could flood global markets with cut-price exports. Lithium-ion batteries are a form of rechargeable energy storage used ...
China Still Dominates Apple’s Supply Chain in Asia
Apple CEO Tim Cook's recent visit to Southeast Asia prompted a lot of discussion about the company's drive to diversify its supply chain to reduce its reliance on China. While Apple is definitely shifting some production capacity to other countries in Asia, ...
WEEK IN REVIEW: Russia Building New Trade Routes to Asia to Circumvent International Sanctions
Russia is building new trade routes to Asia that will circumvent international sanctions by crossing the Arctic and passing through Iran to the Indian Ocean. The new routes will cut transport times to China and India by up to 50% while avoiding dangerous passages like the Red Sea.
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)