Tag: Labor and Jobs

Chinese Government Steps In to Help an Apple iPhone Factory

Chin@Strategy

Apple’s largest iPhone factory, in the city of Zhengzhou, has been beset with production problems caused first by a Covid lockdown and then by a shortage of workers. Now, that plant is getting help from an unlikely source: the Chinese government. Officials in central China have tapped the government’s vast network of party members, civil servants and military veterans to help Foxconn, the Taiwanese-based assembler of Apple’s iPhones, with its recruitment drive. They called on them to “respond to the government’s call” and “aid in the resumption of production” at…

Did Germany Learn From Its Russia Trouble? The Test May Come in China.

Chin@Strategy

BERLIN — Germany understood the trap of strategic vulnerability that it had laid for itself in relying so heavily on Russian gas only after Moscow invaded Ukraine and turned off the spigot. But whether that lesson has been fully absorbed may be tested elsewhere: China. As Chancellor Olaf Scholz prepares for his first visit to Beijing on Thursday, a planeload of executives in tow, Germany’s intelligence chiefs and allies are warning him against pursuing business as usual with a China that is saber-rattling in the Taiwan Strait. Were tensions to…

China’s Covid Lockdowns Leave Millions Out of Work

Chin@Strategy

After over a month in lockdown, Zeng Jialin could finally return to the Shanghai auto parts factory where he had worked. He was about to be released from a quarantine facility, having recovered from Covid, and was desperate to make up for the many days of wages he had missed. But on Tuesday, the day he was supposed to be released, someone in the crowded isolation facility tested positive again. Mr. Zeng, 48, was ordered to wait 14 more days. “I have three kids, in college, middle school and elementary…

Tourism Begins to Revive in New York, but Not Among Chinese

Chin@Strategy

After two years of sparse crowds in Times Square and other popular attractions, New York City is finally hoping for a robust rebound of visitors this year. But the city will still be missing a main driver of its prepandemic tourism boom: big spenders from China, whose government has yet to allow travel abroad. Before the pandemic, China was the fastest-growing source of foreign visitors to the city, with more than 1.1 million Chinese tourists arriving in 2019. Their impact on New York’s economy was supersized because they tended to…

Democrats Renew Push for Industrial Policy Bill Aimed at China

Chin@Strategy

WASHINGTON — Biden administration officials and Democrats in Congress are pushing to revive stalled legislation that would pour billions of dollars into scientific research and development and shore up domestic manufacturing, amid deep differences on Capitol Hill about the best way to counter China and confront persistent supply chain woes. House Democrats unveiled a 2,900-page bill on Tuesday evening that would authorize $45 billion in grants and loans to support supply chain resilience and American manufacturing, along with providing billions of dollars in new funding for scientific research. Speaker Nancy…

‘Miserable and Dangerous’: A Failed Chinese Promise in Serbia

Chin@Strategy

ZRENJANIN, Serbia — Seeking escape from grinding poverty in northern Vietnam, the 43-year-old farmer labored for years on construction sites in Kuwait and Uzbekistan before being offered a ticket to what he was told would be “the promised land” — Europe, and a job with a good salary. “I wanted to go to the West to change my life,” the farmer, a father of three who asked that his name not be used to avoid retribution from his employer, recalled in an interview. His life certainly changed: It got much…

For the Climate, Biden Must Be More Aggressive in Ending New Truck and Bus Emissions

Chin@Strategy

At a gathering on the White House lawn last August, President Biden spoke of a future in which electric cars and trucks will be the only vehicles on the road. “The question,” he said, “is whether we’ll lead or fall behind” in the global race to achieve that vision. Mr. Biden has been vigorous in pushing for the end of the internal combustion engine for cars and light trucks. In August he signed an executive order that called on the federal government to do all it can to ensure that…

Supply Chain Woes Prompt a New Push to Revive U.S. Factories

Chin@Strategy

Called near-shoring, the move to Mexico is paralleled in Europe with factories opening in Eastern Europe to serve Western European markets like France and Germany. “We’re starting to see it in Mexico as well as in the U.S.,” said Theresa Wagler, chief financial officer of Steel Dynamics, a steel maker based in Fort Wayne, Ind. “Many companies now prefer security of supply over cost.” Mr. Knizek of EY-Parthenon expects industries with complex and more expensive products to lead the resurgence, including automobiles, semiconductors, defense, aviation and pharmaceuticals. Anything that requires…

U.S. Effort to Combat Forced Labor Targets Corporate China Ties

Chin@Strategy

A far-reaching bill aimed at barring products made with forced labor in China became law after President Biden signed the bill on Thursday. But the next four months — during which the Biden administration will convene hearings to investigate how pervasive forced labor is and what to do about it — will be crucial in determining how far the legislation goes in altering the behavior of companies that source products from China. While it is against U.S. law to knowingly import goods made with slave labor, the Uyghur Forced Labor…

China Evergrande Troubles Spread Through Property Sector

Chin@Strategy

When times were flush for the property developer China Fortune Land, it bought a trophy soccer club and recruited star athletes from Argentina. These days, the players with the club, Hebei F.C., are on indefinite leave because it can’t afford to keep the lights on. The developer is one of a growing number facing financial strain in China, challenging the narrative from Beijing that it can keep the country’s corporate debt crisis under control while avoiding the disorderly collapse of its property giants. Global markets just weeks ago were fretting…