Ottawa’s corporate-ethics watchdog is set to announce multiple investigations into whether Canadian companies are importing products made through human-rights abuses in China, a move advocates have sought for years. The Liberals appointed Sheri Meyerhoffer as the first Canadian Ombudsperson for Responsible Enterprise in April 2019, and advocates and MPs have since criticized the government for…
Corporate Ethics Czar Starting Human-Rights Probes Around Canadian Imports From China
US Reliance on China Drops Amid Trump Tariffs, Disruptive Policies, Ethical Concerns
April 27, 2023
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Business & MarketsBusinesses in COVID-19ChinaChina Business & EconomyChina Human RightsChinese Regimeeconomyimportsimports from ChinatradeUSUS NewsUS-China relations
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American dependence on imports from China has significantly diminished in recent years. Companies are scrambling to redirect their supply chains elsewhere to avoid unpredictable policy changes by the communist regime, tariffs imposed on China in 2018, and backlash over human rights violations. February imports from China came in below $31 billion, the lowest since 2006,…
South Korea Becomes More Reliant on China for Auto Parts, Expert Urges Supply Chain Diversification
June 24, 2022
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Asia & Pacificauto industryautomotiveBusiness & MarketsChinachinese importsdiversificationimports from Chinaproduction haltSouth KoreaureaWorld
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South Korea’s auto industry has become increasingly dependent on China for parts, leading to calls for supply chain diversification. Cho Chul, an analyst with the Korea Institute for Industrial Economics and Trade (KIET), a government-funded think tank, recently highlighted how automobile parts imports from China have increased over the past two decades. “China only accounted…
China’s Soaring Production Costs Heighten Global Inflation Pressures
December 29, 2021
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China’s soaring producer price index (PPI) and export prices are adding to inflationary pressures around the world, according to analysts. The Chinese Communist Party’s (CCP) recent power sector reform pushes up inflation and export costs, an expert says. The rising production costs in China continue to reflect onto its downstream consumers overseas. In October, China’s…
China and US Corporate Hypocrisy
Commentary The U.S. Business Roundtable, the Chamber of Commerce, the American Farm Bureau, the Semiconductor Association, and several other major U.S. business groups have just asked that President Biden reduce U.S. tariffs on imports from China and negotiate a new trade deal with Beijing. These groups explain that they are making this request because the…
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