Export powerhouses from Asia are showing nascent signs of turning the corner after months of pandemic pummeling from lockdowns, border restrictions and supply-chain snarls, Bloomberg’s Brendan Murray wrote on Supply Lines.. A purchasing managers index (PMI) for Japan advanced last month alongside many others in the region. Amongst a flurry of IHS Markit figures released on 3 August was a survey that showed Taiwan posted its best reading since January, making it the rare economy in the region … [Read more...] about Asia’s exports show mild recovery as Taiwan swings to expansionary mode
manufacturing
China will be biggest manufacturer in 2011
The US is poised to lose its 110-year run as the world's largest manufacturing nation by output, in 2011 to China, according to IHS Global Insight figures released recently. The US created 19.9 per cent of world manufacturing output last year, compared with 18.6 per cent in China, despite the global downturn. According to IHS, a US-based economics consultancy, goods output by the US totaled US$1.7 trillion, ahead of China at US$1.6 trillion. However China's factory output in 2011 will reach … [Read more...] about China will be biggest manufacturer in 2011
AVIC launches commercial engine company
China moved closer to its stated ambition of manufacturing a large commercial passenger aircraft with Aviation Industries of China's (AVIC), launch of its commercial engine company in Shanghai recently. AVIC President Lin Zuoming said the new venture will produce engines for a domestically produced150-seat commercial aircraft known as the "trunk liner". AVIC holds 40 per cent of the new company with Shanghai Electric Group and Shanghai Guosheng Group each holding 15 per cent. AVIC has put the … [Read more...] about AVIC launches commercial engine company
