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Tag: manufacturing

China’s manufacturing sector shrinks in August – BBC News

China’s manufacturing sector has shrunk for the fifth consecutive month, an official survey showed. The country’s manufacturing purchasing managers’ index rose slightly to 49.7, but still sits below 50, which signals a contraction. Despite a turbulent few months, China’s leader Xi Jinping defended the “strong resilience, tremendous potential and great vitality” of the economy. It is a very different picture in India, where the economy…

China condemns new US law aimed at boosting domestic semiconductor manufacturing

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Chinese state media and trade bodies have joined a chorus of government voices lambasting a new US law aimed at boosting semiconductor manufacturing on American soil. US President Joe Biden signed the bipartisan Chips and Science Act into law on August 9, 2022, to enhance the country’s competitiveness against China. Beijing said the move is part…

Chinese drug syndicates shifting meth, ketamine manufacturing networks to Cambodia

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube A cross-border operation between police in China’s southern Guangdong province and counterparts in Cambodia have seized 350kg (772lbs) of crystal methamphetamine in a series of raids, shown in recently released footage by Chinese state media. Police say they also arrested 49 people in both countries over their alleged role in the trafficking network. Anti-narcotics agencies say…

Summit of Americas: Calls to move manufacturing out of Asia

Trade and economic growth are expected to be high on the agenda as leaders from the Americas and the Caribbean meet in Los Angeles. Many trade experts say Latin America and the Caribbean would benefit from shortening US supply chains – which would mean moving some manufacturing away from Asia to countries closer. Al Jazeera’s Rob Reynolds reports from Los Angeles, US. – Follow us…

Biden delivers remarks on the effort to revive American manufacturing

President Biden delivers remarks on his Administration’s work to rebuild our manufacturing to make more in America, create good-paying union jobs, and lower energy costs for Americans #FoxNews Subscribe to Fox News! https://bit.ly/2vaBUvAS Watch more Fox News Video: http://video.foxnews.com Watch Fox News Channel Live: http://www.foxnewsgo.com/ FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering breaking news as well as political and business news….

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