Chinese Exporters have a positive outlook on their future, as the dollar weakens and their sales begin to rebound. From “Chinese Export Boom in Evidence at Trade Show”: By keeping China’s currency, the renminbi, tightly yoked to the weak and weakening dollar, Beijing had made Chinese exports increasingly competitive around the world. “We are very [...]
Thanks to @chamberpost for posting this video of Tom Donohue, President & CEO of the US Chamber of Commerce, discussing strategies to increase US exports in the next 5 years. Follow @GTMBestPractice on twitter for more trade compliance updates & resources!
According to the World Trade Organization, China has overtaken Germany as the world’s largest exporter during the first half of 2009. China has been experiencing fast-paced growth the last several years but has previously not reached Germany’s levels. From January through June 2009, China’s total export volume amounted to $521.7 billion, slightly exceeding Germany’s exports, [...]
With GM filing for bankruptcy today, looks like their plan to export cars from China will be one way in which they aim to make a comeback rather than prevent bankruptcy.
According to the UK Telegraph, “General Motors is planning to build cars in China and import them into the United States, a strategy that could trigger further job losses and union anger in the US.” This is a topical example of ‘related party trade‘ – when one business is simultaneously importing and exporting among itself. [...]
