2 h. ago South Africa courts China’s carmakers to set up manufacturing bases

South Africa courts China’s carmakers to set up manufacturing bases  Semafor

Events

8 d. ago China’s power bank scandal leads to supplier’s lawsuit against Romoss

The ramifications of China’s power bank scandal, which prompted an emergency ban of substandard models on domestic flights, have extended to a mainland court, where troubled manufacturer Romoss Technology was slapped with a lawsuit for unpaid funds. Shenzhen-based electronics contract manufacturer Zowee Technology filed the lawsuit at the People’s Court of Pengjiang district in Jiangmen, a city in southern Guangdong province, where it sought 136.26 million yuan (US$19 million) in damages against...

Economics

2 w. ago Manufacturer took action over copied bricks before Hong Kong’s MTR Corp scandal

The sole licensed mainland Chinese manufacturer of a German-owned brick brand has said that it started legal action over bogus products two months ago, before counterfeits were found on an MTR Corporation construction site, sparking public outcry. The revelation comes amid intense media and government scrutiny of the MTR Corp’s Tung Chung East station project, where counterfeit bricks from a Yangzhou-based company were allegedly used. According to reports cited in the manufacturer’s statement,...

Politics

3 w. ago In China’s crippling price wars, an updated law seeks ‘sustainable equilibrium’

It has been a tumultuous couple of months for Alex Xu’s company – a solar panel manufacturer based in eastern China’s Zhejiang province – as product prices have surged by about 20 per cent. Long plagued by severe oversupply, China’s photovoltaic industry is grappling with cutthroat price wars and even loss-making sales. From Xu’s perspective, nearly half of the industry’s capacity is excessive. But a rebound in prices has followed recent calls from Chinese authorities to combat “involution”, or...

Events

3 w. ago China scrambles to fix price wars – by updating a law from 1998. Here’s why

It has been a tumultuous couple of months for Alex Xu’s company – a solar panel manufacturer based in eastern China’s Zhejiang province – as product prices have surged by about 20 per cent. Long plagued by severe oversupply, China’s photovoltaic industry is grappling with cutthroat price wars and even loss-making sales. From Xu’s perspective, nearly half of the industry’s capacity is excessive. But a rebound in prices has followed recent calls from Chinese authorities to combat “involution”, or...

Events

3 w. ago Trump’s tariffs may be a political success but they fail economic test

In today’s complex global economy, few issues stir more intense emotions than tariffs. US President Donald Trump’s tariff narrative has captured the hearts of many Americans. He painted a picture of a victimised America, its manufacturing base hollowed out and jobs shipped overseas. He promised to restore national greatness by wielding tariffs as a magic wand. While this narrative was a political triumph, it was built on a series of exaggerations and, when translated into policy, has ultimately...

Politics