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Tuesday, April 30, 2013

UNECA 2013 Africa report urges boosting commodity-based industrialisation

The United Nations Economic Commission for Africa (UNECA) this week launched its Economic Report on Africa 2013, Making the Most of Africa’s Commodities: Industrializing for Growth, Jobs and Economic Transformation.

The report is well worth reading because it contains a wealth of data and analysis detailing the context of the struggle for human development in Africa, including a macroeconomic diagnosis, an examination of  the development funding contributions of foreign direct investment (FDI), aid and exports, and much else. It also goes into detail on important policies such as encouraging linkages, supported by valuable concrete examples from several African countries.

At the same time, there is a noticeable penchant for government intervention and a tendency to underestimate the potential contribution of FDI, given a better policy environment.

Monday, April 29, 2013

What does "onshoring" mean for developing countries?

A report just published by the Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA) finds that mid-sized manufacturing firms in the UK are likely to end the offshore outsourcing of production to Asia over the next ten years, slashing the trade deficit by GBP20 billion and creating 200,000 jobs at home. 

While the RSA is correct in identifying a new "onshoring" trend, it may understate the role of large multinational corporations (MNCs) in this process. The report also focuses almost entirely on the consequences for merchandise trade and fails to see the impact on global foreign direct investment (FDI) flows. This is an important omission from the point of view of developing countries, for whom this new trend provides an opportunity to improve their development strategies.

Sunday, April 28, 2013

Australian report shows China is now leading action on climate change

On 29 April 2013 the Australian governments' Climate Commission released a report entitled The Critical Decade: Global Action Building on Climate Change.

The report shows that the world's two largest economies, those of China and the United States, which together produce around 37% of global emissions, are both on track to meet their international commitments to tackle climate change. The two countries have just reached an agreement to co-operate on this. While they can not solve the problem alone, they are acting as important drivers of change. Here are some of the other main findings of the report and a link to the full report:

Saturday, April 27, 2013

USCBC 2013 report: China and the U.S. Economy

The US-China Business Council (USCBC)'s 2013 report China and the U.S. Economy: Advancing a Winning Trade Agenda is further subtitled "What Americans Should Know about the US-China Commercial Relationship.

The report questions pessimistic assumptions about this important economic relationship and advances an action plan that includes working with China on major challenges and also making important improvements in the US economy. It includes a list of the top 10 commercial issues reported by USCBC members in China in 2012. As the USCBC is more familiar with China than many people in Congress, the report strongly rebuts the charge that China's exchange rate is the cause of America's trade deficit and high unemployment and also the complaint that China's ownership of US government debt is a problem. A strong case is made for promoting Chinese investment in the United States to help create jobs there.

Tuesday, April 23, 2013

U.S.-China Manufacturing Symposium to be Held in the United States

The first U.S.-China Manufacturing Symposium will be held in November in the United States.  The event, co-sponsored by the Asian Manufacturing Association (AMA) and SoZo Group, follows a collaborative effort between the two organizations at AMA’s 6th annual conference in Beijing last December, during which SoZo delivered Live Dialog sessions between the Chinese delegates and U.S. Congress (video). SoZo also produced two highly successful Alabama China Partnership Symposiums - focused on bridging the business and culture gap in recruiting Chinese investment in the U.S.

Friday, April 19, 2013

Raymond Cheng's presentation to the APBO Conference 2013

Raymond Cheng is the CEO and President of Sozo Group, a sustainable investment advisory company.

Here is his presentation to the Asia/Pacific Business Outlook Conference at USC Marshall School of Business in Los Angeles on April 9, 2013 on Recruiting Chinese Investment: A Roadmap for Developing a Sustainable Relationship.

Tuesday, April 9, 2013

Ken Davies on RTHK3's Money for Nothing, April 9, 2013

8.18 am - China's view of Japan's easing measures 

Yi Gang, the head of China's foreign-exchange regulator is among the critics of the Bank of Japan's easing program. A weak yen would hurt Chinese exports. But Ken Davies, president of Growing Capacity says China and other countries will benefit if Japanese demand comes back. "If Japan's economy does revive, then it's good for China because Japan is such an important market. A potential effect is that Japan may relocate manufacturing from China to Japan, and Japan becomes much more competitive in other areas such as tourism. In the long run, everyone will benefit if it works. But the question is will it work?"

Tuesday, April 2, 2013


由亚洲制造业协会和美国三叶集团主办的 2013 年中美制造业论坛暨第七届 亚洲制造业论坛年会和第三届阿拉巴马中国论坛将于 11 月在美国南部举行。