Amid the trade wars and the tariffs, the RMB is weakening against the USD. By the end of January 2018, the rate was 6.2. On July 11, 2018, the exchange rate was 6.68. As of October 15, 2018, it was 6.92, as pictured below. The question is – can your...
In the current climate of new tariffs, many importers are unsettled and worried. This is partly due to the disruptive effect of changing rules and also due to unclear information. I mean, tariffs are confusing. Many importers are wondering whether they will still be competitive with their current supply chain. ...
The China supply chain has evolved a lot since we got started 40 years ago. During those 40 years, we, at CPG, have learned many lessons that have helped us build our business, establish our knowledge base and create a name for ourselves as specialists in China sourcing management. I...
The Steel Industry in China The steel industry is often considered an indicator of economic progress, because of the critical role played by steel in infrastructural and overall economic development. The Steel industry in China has developed over several decades into the world biggest. China accounted for 70.4% of world steel production...
Chinese Stones: A Huge and Steady Industry China is the biggest stone producer in the world. On top of that, China is one of the world’s biggest stone exporters. To illustrate: the total transaction value of stone imports and exports in 2012 reached an amount of more than 8 billion...
Coal in China fuelling the world's largest nation. Did you know that… China is by far the largest producer of coal in the world? Even though the United States is equipped with the world's largest amount of 'recoverable' coal reserves. They are followed by Russia, China, Australia and India....
The global economy is yet to recover from the after effects of the perilously deep recession. Europe remains under the grim clutches of a sovereign debt crisis and the USA is facing a fiscal cliff in 2013. Global demand is slowing and for the workshops of Asia, in order to...
Over the last six years, the appreciation of the Chinese Yuan has been as reliable as a clock. Since China tweaked the Yuan-Dollar peg in 2005, it has risen by 28%; so 4.5% per year. If you take out the two year period from 2008-2010 during which the Yuan was...
