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Sunday, March 29, 2020

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  • Far East Maritime (2) (X)

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China looks inwards as export demand remains weak

Posted to Far East Maritime (by Greg Knowler) on October 25, 2012

China became known as the world’s factory by offering manufacturing costs that could not be matched by the developed nations. Its wages paid to uneducated rural migrant labour were a fraction of the mostly unionized pay required in the West, and land for factories was plentiful and cheap.

China factories being pushed over the edge

Posted to Far East Maritime (by Greg Knowler) on November 8, 2011

We asked the question last week that retailers in the US and Europe must surely be ready to put in last minute orders to restock their inventories before the Christmas buying season starts in earnest. Yesterday we received the answer, from the US, at least.