Walmart has instructed vendors that supply the company beauty products to look beyond China for sourcing. The list of Chinese goods that could have additional tariffs levied includes lipstick, eye makeup, powders, shampoo and other hair care products. Walmart asked suppliers if they have facilities outside of China, and if...
Is China Losing Ground to India in Manufacturing?
In an article written in Chinese by Wang Xinxi and published by Sina Tech, the author shares reasons why India is starting to threaten China's dominance in some parts of the manufacturing sector. In the mobile phone manufacturing business, global players such as Samsung, Apple, Foxconn, have invested in India-based...
India Predicted to Occupy Fifth Spot Globally in Manufacturing by 2020
Research by U.K.-based RS Components into the Manufacturing Capitals of the World reveals countries that are predicted to drop in rankings while others are expected to increase their positioning significantly. The United States is predicted to peak in 2020 and become the manufacturing capital of the world. The U.S. continues...
Benelli to set up R&D, Assemble, Manufacture Motorcycles in India
Italian motorcycle brand Benelli, that is now a part of China's Qjian Jiang Group, has partnered with Hyderabad, Telangana-based Mahavir Group's subsidiary, Adishwar Auto Ride International. The partnership entitles the Indian entity to assemble and manufacture motorcycles, as also import an exclusive range of motorcycles from Italy and Southeast Asia. Dante...
OnePlus to Set Up R&D Center, HQ in India
Shenzhen, China-headquartered smartphone manufacturer OnePlus is set to establish an R&D center in India this year, as well as establish its global hub (outside China) in the country. The second global headquarters in India will help the company "decentralize the operations." The Chinese company first entered the Indian market in...
Emerging Economies Richer than the West
According to Linda Yueh's article On the Prosperity of Countries, emerging and developing economies for the first time account for a larger share of world GDP or global output than developed economies. Excerpts from the article: The World Bank estimates that of the 101 middle-income economies in 1960, just a...