Cambridge is a major hub in Massachusetts’ life sciences ecosystem. What makes up the DNA of vibrant biopharma and medical device industries? Trade associations, overseas governments and investors, and U.S. government agencies at the federal, state, and local levels are all part of the prescription for economic growth.
Manufacturers of labor-intensive products like apparel have already been looking elsewhere in Asia as labor costs continue to rise in China. China has not substantially increased market access for foreign investors in many sectors, causing foreign investment to slow or flatline in recent years. With lingering doubts about the worsening investment climate in China, the trade war is hastening decision-making that had already been underway.
Chinese investments in the United States plunged while U.S. investments in China flatlined. See what’s driving these trends on the US-China FDI Project website.
What’s important about these summits is not the prepared statements delivered at the main table, but the frank discussions and informal meetings that take place in the corridors and meeting rooms around the main conference.
A community’s store of “social capital” can determine how well it rebounds from adversity.
The BUILD Act enjoyed bipartisan support in the Congress because it represents to many in the development policy community a smarter, more modern way to advance development objectives. The new development financing agency it creates will also provide an alternative to China’s aggressive financing of infrastructure projects in developing markets.
Today’s biggest trade trends in 8 colorful and easy-to-share charts. Topics include world’s largest importers and exporters, China’s explosive growth, Japanese investment in the United States, global oil flows, and more.
At the same time the United States is considering cutting funding for diplomacy and development by 30 percent, China doubled its diplomacy budget over the last five years, proposing to increase its foreign affairs budget by 15 percent in 2018 alone.
U.S. trade policy toward China under the Trump Administration is heavily focused on addressing the perceived unfairness and competitive disadvantages created by China’s industrial policies, chief among them, Made in China 2025. Here’s your Essential graphic on the policy’s core components.
Made in China 2025 calls for achieving “self-sufficiency” through technology substitution while becoming a “manufacturing superpower” that dominates the global market in critical high-tech industries. That could be a problem for countries that rely on exporting high-tech products or the global supply chain for high-tech components.