CPA’s take: More evidence that waiting for our “allies” before we act to address the China issue is lazy thinking. Thanks to the pandemic, American businesses have come to learn that sourcing nearly everything from China is a bad idea. The vast majority of them are looking to source elsewhere post-pandemic, while their European counterparts…
Editors note: Is Chairman Xi setting his sights on consuming Hong Kong next? TAIPEI (Reuters) – Taiwanese officials in Hong Kong have been told their visas will not be renewed unless they sign a document supporting Beijing’s claim to Taiwan under its “one China” policy, a person with direct knowledge of the matter told Reuters.…
Editor’s Note: PPE is increasingly re-shoring. But need much more with hard-nosed industrial policy and tariffs on foreign suppliers who would erode domestic market share. American companies like 3M, Honeywell and Prestige Ameritech are investing in domestic production of masks [Austen Hufford | July 17, 2020 | WSJ] The Covid-19 pandemic has unraveled the global…
Editor’s Note: The business press is starting to turn its attention to the fact that China decoupling will happen. It’ll take work for corporate America to set up new supply chains and develop new consumers, but then again, the Chinese market took work, too. [Michael Schuman | July 14, 2020 | Bloomberg] China was supposed to…
Editors note: The Canadian government has lost its mind. The government of Canada has awarded an estimated $6.8 million contract to a state-owned Chinese company to supply security equipment for 170 embassies, consulates and high commissions around the globe. [John Ivison | July 17, 2020 | National Post] The contract for conveyor-style X-ray machines was…
Though it has not been covered by the mainstream media, one of the major success stories of the Trump Administration can be found in U.S. solar manufacturing. Over the past three years American solar manufacturing capacity has increased nearly ten-fold, with factories opening and expanding in nearly a dozen states. This includes investment from some…
Editors Note: More of this is needed A Motor City bicycle maker has left its training wheels in the dust. [Sam Jones | July 15, 2020 | Detroit News] Founded nine years ago, Detroit Bikes LLC now produces up to 10,000 bikes a year, says CEO Zak Pashak. And it’s poised this month to begin assembling 500 copies of Schwinn’s…
Editor’s Note: The Biden campaign recently released its infrastructure and clean energy plan. It is below. At this moment of profound crisis, we have the opportunity to build a more resilient, sustainable economy – one that will put the United States on an irreversible path to achieve net-zero emissions, economy-wide, by no later than 2050.…
Editor’s Note: The China hawks are not just “loose” but are in a hurry towards a containment policy. PHOENIX — As President Trump speeds toward an election during a pandemic, an economic crash and domestic unrest, he is blaming China for his and America’s troubles. With no more deals in sight, Trump’s attitude shift has…
Editors Note: CPA has long been pushing to deregister Chinese companies from US stock market because they will not share their financial records with the public or regulators. WASHINGTON (Reuters) – The Trump administration plans to soon scrap a 2013 agreement between U.S. and Chinese auditing authorities, a senior State Department official said, a move…
