Steve Dickinson wrote an article (Moving Manufacturing from China: Where you Gonna Run?) that got me thinking about complex manufacturing projects and China. He outlines the main reasons why China became "the factory of the world" so quickly (especially from 1992 to 2005), for small and large buyers alike. Other low-cost Asian countries are now trying to emulate these results and attract manufacturing, and they seem to focus on lower tax rates. Here are two recent articles I found on this … [Read more...]
How the US/China Trade War Accelerates the ‘Made in China 2025’ Plan
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...]