Many journalists wrote about the new tariffs, how the situation will likely evolve over the next few months, and who the winners and losers might end up being. What I realized is, this situation is helping Beijing accelerate the transition of their manufacturing sector toward higher technologies. Let's look at 3 events that all point to this. 1. The US is stopping trade talks with China (published yesterday) For years, the US has complained American companies can’t fairly compete in … [Read more...]
An Alibaba Gold Supplier Status Doesn’t Mean Anything
I regularly receive messages from importers who were cheated by a Chinese company and seem very surprised because they were dealing with a company which had 'Alibaba gold supplier status.' … [Read more...]