Posts tagged "global economy"

20

Dec 2013

daniela

Global Sourcing, Opportunities

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US trade with China seen rising

The US may overtake the European Union (EU) to become China's largest trade partner this year , Wei Jianguo, former vice minister of commerce, forecast on Wednesday. The prediction is based on the robust economic recovery in the US and trade frictions between China and the EU, Wei told a forum held by the China Chamber of International Commerce in Beijing. The EU has been China's largest trade partner since 2004. In the first 11 months of this year, China's trade value with the EU was st...

01

Dec 2011

Iliana Torres

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Labor Strike Tactics in China

Increasing labor costs have become a major concern for foreign companies mulling whether or not to invest in China, but this may not be the only labor-related issue they should be watching out for. As the recent global economic downturn brings about falling factory orders, an abundance of young, well-educated and computer-savvy Chinese workers are leading one of the country’s strongest waves of labor unrest and labor disputes, which could cause real damage to companies’ regular day-to-day op...