Commentary China has always been considered a major manufacturing country, playing a pivotal role in the global industrial division of labor. However, I believe we will see a rapid decline in Chinese manufacturing, and China will lose its status as “the world’s factory.” Here’s why. Population Crisis On Jan. 17, China’s National Bureau of Statistics released…
5 Reasons Why Chinese Manufacturing Will Decline Rapidly
January 23, 2023
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Chinese Factory Activity Sinks, Weighing on Weak Economy
July 31, 2022
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BEIJING—Chinese manufacturing’s recovery from anti-virus shutdowns faltered in July as activity sank, a survey showed Sunday, adding to pressure on the struggling economy. Factory activity was depressed by weak global demand and anti-virus controls that are weighing on domestic consumer spending, according to the national statistics agency and an official industry group, the China Federation…
China-Based Gree Electric Fined $91 Million for Failure to Report Dangerous Dehumidifiers
China-based Gree Electric and two of its subsidiaries, including one in the U.S., have agreed to pay $91 million to resolve criminal charges for not reporting to the Consumer Product Safety Commission (CPSC) that their faulty dehumidifiers could catch on fire. According to a court filing, Gree executives knew the defective dehumidifiers failed to meet…
China’s Chips Shortage Likely to Result in Price Hike for Electronics
As China seeks to boost its domestic chipmaking capabilities, an increase in demand for mini LED chips that are used in manufacturing laptops, tablets, and other electronic devices has crowded out chipmakers’ ability to produce older, conventional LED chips used for display screens. This shortage has already resulted in price hikes for the conventional LED…
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