Economics

US-China Cost Convergence: Getting Closer

Mark Muro has an interesting post on Brookings.com where he discusses some new data suggesting that US-China manufacturing cost convergence is happening, at least in some sectors. Notes Muro: A new paper just published in the Journal of Power Sources contains new information about the global advanced battery manufacturing industry derived some fresh reporting: the authors’ face-to-face interviews with […]

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Economics

China Warning Signs Continue

FT runs story on continuing slow down in China metals and mining, which marks to what I am seeing across the board in my client work. Notes the FT: “Asian stocks fell on Monday, with Chinese indices losing ground as mainland markets reopened after a week-long holiday to a sell-off in metals and mining stocks. […]

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Economics

FT: Toyota Cuts Production Headed to China

FT notes today that Toyota is cutting volumes headed into China due to unrest:   “Toyota Motor is cutting production of vehicles for the Chinese market in a sign of the deepening economic impact of anti-Japanese demonstrations that swept the country this month. The carmaker’s decision underscores the risk of lasting fallout for businesses from the maritime […]

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Economics

Foxconn Riot Part 2

More on Foxconn riot in today’s NYT:   “Labor unrest in Taiyuan, in northern China’s Shanxi province, comes as strikes and other worker protests appear to be increasing in frequency in China this year compared to last year, said Geoffrey Crothall, spokesman for the China Labor Bulletin, a nonprofit advocacy group in Hong Kong seeking […]

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Economics

Labor Unrest in China: The Rubber Band Stretches

Does a labor time bomb lurk beneath the surface of the glossy new millionaires in China? See this interesting note in Slate today about the recent unrest at a Foxconn plant: http://www.slate.com/blogs/moneybox/2012/09/24/foxconn_riot_chinese_factory_disruption_just_the_highest_profile_sign_of_growing_labor_unrest_.html?wpisrc=newsletter_jcr:content Key quote: “Conditions in contemporary China have much more in common, structurally speaking, with conditions during the heyday of Western labor activism than […]

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