Latest news with #ChineseManufacturers
Washington Post
4 days ago
- Business
- Washington Post
Trump's bid to keep China from dodging tariffs risks supply chain headaches
A Trump administration campaign to stop Chinese manufacturers from evading high U.S. tariffs risks clogging global trade with red tape, snarling the supply chains that electronics companies and automakers rely on to produce goods at the lowest cost, according to logistics experts and economists. Administration officials say some Chinese companies have skirted the tariffs that President Donald Trump began imposing in 2018 by shipping their goods to American customers via countries such as Vietnam that face lower U.S. trade barriers. Those flows have grown this year as Trump hiked tariffs on Chinese goods to an unprecedented 145 percent in April before lowering them a few weeks later.
New York Times
22-07-2025
- Business
- New York Times
China's Problem With Competition: There's Too Much of It
It's the circle of life in China's business world. A promising technology or product emerges. Chinese manufacturers, by the dozens or sometimes the hundreds, storm into that nascent sector. They ramp up production and drive down costs. As the overall market grows, the competition becomes increasingly cutthroat, with rival companies undercutting one another and enduring razor-thin profit margins or even losses in the hope of outlasting the field. Adding to the competitive fervor, China's local governments, each with its own target for economic and job growth, back a homegrown champion and shower it with financial and bureaucratic support. Soon, the whole industry, awash in production capacity, is trapped in a race for survival. While most governments encourage vigorous competition and low prices, China is going in the opposite direction. It is trying to rein in 'involution,' a sociological phrase widely used in China to describe a self-defeating cycle of excessive competition and damaging deflation. Xi Jinping, China's top leader, pledged to take steps to crack down on 'low price and disorderly competition' and eliminate outdated industrial capacity at a high-level economic policy meeting this month. At another recent gathering, on urban development, Mr. Xi questioned whether every province needed to rush into sectors like artificial intelligence and electric cars. 'Price wars and 'involutionary' competition will only encourage 'bad money driving out good money,'' wrote People's Daily, the official mouthpiece of the Chinese Communist Party. 'Simply 'rolling' prices downward will not result in a winner.' China's efforts to tackle involution are taking on new life as President Trump's tariffs discourage exports to the United States. Other countries are also wary of a flood of inexpensive Chinese goods redirected their way. These unsold goods, combined with a slowing domestic economy, have intensified competition, fueling a deflationary spiral. Want all of The Times? Subscribe.
Washington Post
15-07-2025
- Business
- Washington Post
China's economy grows 5.3% in first half, despite Trump's trade war
China's economy has defied President Donald Trump's tariff pressure, growing by 5.3 percent in the first half of 2025 and exceeding Beijing's target of 5 percent for this year. A surge of exports from Chinese manufacturers taking advantage of a fragile truce in the U.S.-China trade war — brokered in May after Trump ratcheted up tariffs to a minimum of 145 percent during April — helped prop up growth.
South China Morning Post
12-07-2025
- South China Morning Post
No-fly zone: what brought about China's largest power bank scandal
Chinese manufacturers of power banks – the ubiquitous portable batteries used by travellers to charge smartphones , tablets and laptops – are under increased public scrutiny, following a spate of incidents in which defective units were found to have caught fire during commercial flights Advertisement That prompted the Civil Aviation Administration of China (CAAC) to impose an emergency ban on air passengers carrying substandard power banks, a safety precaution that went into effect on June 28 Portable lithium-ion batteries without the China Compulsory Certification (3C) safety mark – a mandatory quality assurance standard for many products sold on the mainland – were barred from domestic flights, according to the CAAC. The rule, however, left many air travellers confused and resulted in piles of abandoned power banks at Chinese airports. Under regulations that aviation authorities in Hong Kong and across Asia started implementing from April 7 , airline passengers were barred from recharging power banks and using them to charge electronic devices during flights. Stowing power banks in the overhead cabin bins was also prohibited. Advertisement Here is what we know so far about how this power bank scandal escalated.
The Herald
08-07-2025
- Automotive
- The Herald
New Ford Territory Dark Edition provides extra swagger
Several months had passed since my last encounter with the Territory. The Dark Edition offered a reminder of the Territory's virtues — and shortcomings. Power still comes from a 1.8 l turbocharged unit (138kW/318Nm), linked to a seven-speed dual-clutch automatic. The petrol engine gets the job done in acceptable fashion and while the gearbox shifts smoothly on the go, it errs on the clunky side at low speeds, noticeable in crawling Egoli traffic. The infotainment system is not a Ford SYNC4 setup, which is a brilliant interface, but seems instead to be of a nondescript variety likely used in many Chinese offerings. A weak point, if you are the kind of buyer who wants slick digitisation. These gripes were mentioned in previous interactions. But my kin seemed to be unreceptive to these criticisms voiced by their driver. Instead, they were impressed by the expansive cabin space, rear legroom and dual-sliding panoramic sunroof.
