Not the start of the decline of globalisation – just of China's dominance
Determined to have his FDR moment, Joe Biden’s latest policy seems likely to have put ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
The first in a two-part series on UPS’s Longitudes blog sees the company’s senior vice president of global engineering and sustainability, Mark Wallace, tackle the thorny problem of China’s economic rebalancing. There’s little doubt that China’s transformation is having a huge impact on the global economy, and the freight and transport industries in particular, and is leading to some gloomy economic predictions. But Mr Wallace argues that China’s sheer size, combined with a number of challenges that will need resolving, offers massive opportunities. For instance, on e-commerce: “Can the logistics infrastructure, which has supported a cost-driven export economy, also support an in-country consumption economy? The answer from my vantage point is no. Not even close.”
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