News Analysis Entering 2023, as the United States continues to impose various sanctions on China and American companies are accelerating their withdrawal from the country, Vietnam—a former foe during the Vietnam War—is receiving favorable gestures from the United States. A huge American business delegation that is about to visit Vietnam has attracted worldwide attention, making…
Vietnam Seizes Opportunity for Rapid Rise as China at Odds With the West
March 26, 2023
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AnalysisAsia & PacificBusiness & MarketsCompaniesdecouple from ChinaeconomyInvestmentOpinionStrategic PartnershipU.S.-Vietnam relationsWorld
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US Not Seeking to Fully ‘Decouple’ From China, Just Limit Ties in Core Areas That Threaten Security
November 30, 2022
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Business & MarketsChinaChinese Regimedecouple from Chinaeconomic policieseconomyFinance & Business TiesGina RaimondoSpecial TopicsTech Competitiontechnologytrade with chinaUSUS-China relationsUS-China relationship
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Even though the United States is taking steps to protect the country’s military and tech prowess from Beijing, Washington is not looking to cut off ties with China, according to U.S. Secretary of Commerce Gina Raimondo. “We’re not seeking the decoupling from China. We want to promote trade and investment in areas that don’t threaten…
Canada’s Industry Minister Urges Decoupling From China
Western nations need to decouple from China and other authoritarian regimes to boost their collaborative supply chain resiliency, Canada’s Industry Minister François-Philippe Champagne told a business audience on Oct. 21. “If you want resilience in the North American supply chain, Canada has to be part of the equation. Because what we want is a decoupling, certainly…
South Korean PM Endorses Presidential Pardon for Samsung Chief Lee Jae-yong
August 5, 2022
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Asia & PacificChip 4 alliancedecouple from Chinalee Jae-yongpardonSamsungsemiconductorSouth KoreaWorldYoon Suk-yeol
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Some prominent South Korean politicians are endorsing a presidential pardon for Samsung’s chief Lee Jae-yong, citing the company’s crucial role in the national economy and its increasing challenges in the global semiconductor market. Public opinion supports a favorable outcome. Lee, who is currently on parole over a bribery case, is in charge of Samsung Electronics’…
Japan Looks to Accept More Foreign Workers Amid Acute Labor Shortages
Japan has some of the most restrictive immigration laws in the world but it’s looking to make it easier for local companies to bring in talented foreign workers to some of its less populated regions by offering a fast-track path to permanent residency. According to Nikkei Asia, the Japanese government will revise a point-based system…
CCP Calls for ‘Self-Reliance’ After Seeing Sanctioning and Isolation of Russia
China has been emphasizing self-reliance since the U.S.-China trade war started, and the urgency of China’s desire for this appears to have grown stronger after witnessing Western countries imposing harsh sanctions on Russia for invading Ukraine on Feb. 24. The next day, on Feb. 25, the Chinese Communist Party (CCP) media People’s Daily published an editorial titled…
South Korean Conglomerates Diversify Production Bases and Cut Reliance on China
April 26, 2022
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Asia & PacificChinadecouple from Chinaglobal supply chainHyundaiInternational RelationsLGPoscoSamsungSK HynixSouth KoreaWorld
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New Analysis Faced with rising raw material costs and poor logistics, major South Korean firms have accelerated their expansion of production bases worldwide to reduce over-reliance on China. Korean conglomerates such as Samsung, SK Group, Hyundai Motor, Posco, and Lotte have put forward their measures to address the pressures facing the global supply chain. The…
Experts Warn of China’s Near-Monopoly on Freight Container Production, Global Supply Chain At Risk
April 17, 2022
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Asia & PacificChinaChina Business & EconomyChinese Regimedecouple from Chinafreightglobal supply chainInternationalshipping containerUS-China relationsWorld
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A recent report from the U.S. Federal Maritime Commission (FMC) showed that China’s control of global container manufacturing poses a threat to supply chains and economies worldwide. On March 30, FMC Commissioner Carl Bentzel released his assessment (pdf) of China’s control of container and intermodal chassis manufacturing after a year of research, market observation, and…
Experts Warn of China’s Near-Monopoly on Freight Container Production, Threatening Global Supply Chain
April 17, 2022
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Asia & PacificChinaChina Business & EconomyChinese Regimedecouple from Chinafreightglobal supply chainInternationalshipping containerUS-China relationsWorld
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News Analysis A recent report from the U.S. Federal Maritime Commission (FMC) showed that China’s control of global container manufacturing poses a threat to supply chains and economies worldwide. On March 30, FMC Commissioner Carl Bentzel released his assessment (pdf) of China’s control of container and intermodal chassis manufacturing after a year of research, market…
China’s New Counter-Sanctions Risk Spiralling Into Economic Decoupling
June 13, 2021
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Asia Societycounter-sanctionsdecouple from Chinaextraterritorial lawgenocideOpinionThinking About ChinaViewpoints
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Commentary China just enacted a broad extraterritorial law against anyone who aids in sanctions against China, including Chinese nationals and China’s “private” companies. China’s new counter-sanctions, announced June 11, include the ability to seek compensation from foreign companies doing business in China. They are leveled at “discrimination” against Chinese nationals, and could apply against “organizations,”…
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