Strong sales at China’s biggest construction equipment maker show Beijing’s strategy for recovery after the virus. But while the company, XCMG, is prospering, the rest of the economy is struggling.
Tag: Factories and Manufacturing
The Pandemic Isn’t Bringing Back Factory Jobs, at Least Not Yet
It’s a moment of reckoning for global supply chains. But that doesn’t mean companies are flocking back to the United States.
U.S. Imposes Sanctions on 11 Chinese Companies Over Human Rights
The move, which affects suppliers to major international brands such as Apple, Ralph Lauren and Tommy Hilfiger, could force companies to sever some ties to China.
China’s Swimwear Capital Can’t Wait for You to Go Back to the Beach
When the pandemic shut down pools and resorts around the globe, life slid to a halt in the seaside town of Xingcheng, a major producer of bikinis and trunks.
China’s Economy Rebounds From Coronavirus, but Shares Fall
Heavy spending on roads and rail lines reversed the economy’s outbreak-induced nose-dive in February and March. But retail sales stayed weak, alarming investors.
Break the China Habit? Lobsters, Lights and Toilets Show How Hard It Is
The risks of relying economically on the Asian superpower have never seemed clearer. But as the world tries to get moving again, it needs China more than ever.
Lawmakers Push to Invest Billions in Semiconductor Industry to Counter China
New legislation aimed at supporting the semiconductor industry is a sign of shifting consensus in Washington, where industrial plans are now in vogue
When Going to Work Means Taking a Calculated Risk
The coronavirus hasn’t gone away. But an increasing number of Canadians are heading back to workplaces that may increase their risk of infection.
A New Entry in the Race for a Coronavirus Vaccine: Hope
Scientists are increasingly optimistic that a vaccine can be produced in record time. But getting it manufactured and distributed will pose huge challenges.
U.S. Is Using Taiwan as a Pressure Point in Tech Fight With China
The Trump administration is challenging Chinese access to Taiwan’s high-tech supply chain — and, by extension, Beijing’s influence over the island it claims as its territory.