The Chinese textile industry took off in the early 2000’s due to the expiration of quotas on exports. However, rising wages are chipping away at China’s dominance in the production of textiles and clothing. China’s textile exports made up 25% of world textile exports in 2005, but this number has been in decline since. Factory… Continue reading New competition in the textile industry
The central government announced today that it will spend $16 billion over the next three years to battle pollution in Beijing. The plan calls for upgrades to sewage treatment centers, new garbage disposal plants, and measures to improve air and water quality. Though almost all major cities in China face severe pollution problems, in Beijing… Continue reading China announces new spending to combat pollution
Chinese auto sales in January and February rose 19.5% over the same time last year. Analysts predict that moderate growth will continue for the rest of the year, following a slack sales year in 2012. The encouraging numbers were pushed partly by rising GM and Ford sales, while Japanese brands faired poorly. These numbers are… Continue reading 2013 Auto Sales off to a hot start
Could North Korea’s nuclear test last week be the final straw before the international community takes more serious action against the rogue regime? Chinese resistance to tougher sanctions has weakened past efforts to dissuade Pyongyang from testing nuclear capabilities, but Beijing may be shying away from their longtime ally. In the weeks preceeding the test,… Continue reading N. Korea thumbs nose at China
I will examine the Chinese textile industry, and how China became one of the world leaders in textile exports. Of particular interest is how Chinese production affected manufacturing in the American south, as well as Mexico and Central America. I will study the effects of the Multi-Fiber Agreement, the Agreement on Textiles and Clothing, and… Continue reading Term Paper Topic
The newest American product the Chinese are snatching up is, suprisingly, pecans. The U.S. produces about 80% of the world’s pecans, and is exporting an increasing amount each year to China. The nuts are popular because they are a healthy snack, and a cheaper alternative to walnuts. U.S. pecan exports to Hong Kong last year… Continue reading China Loves American … Pecans?
Apple CEO Tim Cook believes that China will soon become the largest market for his company’s products. Unlike other technology firms, Apple does not have to deal with tight censorship from the Chinese government. This is because they produce hardware, rather than internet services (like Facebook and Google), which are highly regulated. One service that Apple does provide,… Continue reading China to become Apple’s top market?