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Is China still the factory of the world? | Hellenic Shipping News Worldwide


Is China still the factory of the world?
Trust and reputation are perhaps the only two things in the world that travel faster than light. From all accounts it appears as if China is losing the trust game and this global untrustworthy reputation is casting a long dark shadow over its manufacturing muscle. The perfect heady cocktail of Covid-19, geopolitical tensions, unwanted aggression on neighbours and in the South China Sea, high tariffs, use of forced ethnic minority labour, misusing WTO (World Trade Organisation) rules are all coming together to move the world’s factories away from the world’s factory! Hong Kong and Shenzhen with about 500 and 300 skyscrapers, respectively, the most of any cities in the word, were the leaders on this one metric a silent but visible testimony to China’s global ambitions, even dwarfing New York and Los Angeles. ....

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Q&A with Willy C. Shih | Harvard Magazine


 
You’ve had a lot of manufacturing experience.
Willy Shih: I spent 28 years in industry. I confronted a lot of puzzles there, and I’ve been looking at them since coming here.
The interesting question relating to competitiveness had to do with my time at Kodak. In 1997, I took over the consumer digital business it was trying to build. That year Kodak shipped a few tens of thousands of digital cameras. One of the factories in Rochester, New York, had this highly automated assembly line where the engineers were attempting to manufacture digital cameras locally. You needed a whole bunch of electronic and optical components: electronic sensors, the tiny displays that show you your pictures, rechargeable batteries, consumer-electronic stuff. ....

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