What we are reading
Week of June 29
Published 29 June 2021
China’s large, low-wage labor pool has been a deflationary factor in recent decades. What will China’s demographic shifts mean for supply chains, manufacturing, and the global economy?
By Hiroyuki Nishimura, Nikkei Asia
How can trade agreements and trade policy be structured in order to help women participate more fully in the global economy?
By Ally Brodsky, Jasmine Lim, and William Reinsch, Center for Strategic and International Studies
The Covid pandemic continues to disrupt supply chains, this time in the Guangdong, the “world’s factory floor”. That puts intense pressure on the many small and medium enterprises operating there.
By Cissy Zhou and He Huifeng, South China Morning Post
Understanding how global value chains work gives us a better sense of who benefits from trade – and how – and the impact of recent shocks from US-China tariffs and the Covid pandemic.
By Ben Shepherd, UNDP Regional Bureau for Asia and the Pacific
The Biden Administration proposes a new industrial policy for America, calling for targeted investments to bolster supply chain resilience.
By Brian Deese, Director, White House National Economic Council
The US Government makes a serious push against adoption of Chinese 5G technologies in Central and Eastern Europe.
By Stu Woo and Drew Hinshaw, The Wall Street Journal
With significant and newly revived government support, US firms hope to challenge China’s dominance of solar panel production.
By Bob Davis, The Wall Street Journal
Free trade agreements / Trade and geopolitics
G7 leaders intend to offer a “higher quality alternative to China’s Belt and Road Initiative”, as detailed in this announcement launching the Build Back Better World (B3W) Partnership.
By Matthew P. Goodman and Jonathan E. Hillman, Center for Strategic and International Studies
By Jim Brunsden and Sylvia Pfeiffer, Financial Times
The US and EU will coordinate in establishing global standards for new technologies, promoting democratic values online, and collaborating on cutting-edge research and development.
By Christina Wilkie, CNBC
Should CPTPP members take the opportunity to update the agreement, as membership expands to include the UK?
By Deborah Elms, Asian Trade Centre
Trade and technology
How did Taiwan’s TSMC come to dominate semiconductor fabrication?
By Tim De Chant, The Wire China
Why do semiconductor manufacturers locate plants where they do? What factors go into their decision-making?
By Yifan Yu and Cheng Ting-Fang, Nikkei Asia
Japan commits to semiconductor industry growth as a “national project” in order to regain a share of global semiconductor sales, which have declined from 50% in 1988 to just 10% in 2019.
By Isabel Reynolds, Bloomberg
Read more from the Hinrich Foundation:
- China’s microchip ambitions: Semiconductors advance the next phase of techno-nationalism
- Techno-nationalism via semiconductors: Can chip manufacturing return to America?
- US and EU look for a deal on subsidies, while eyeing China
- Expanding the CPTPP: A form guide to prospective members
- Value chains: Clear skies over Asia’s new foreign investment landscape
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