The National Defense Authorization Act (NDAA) for 2027 is coming into focus after the House and Senate armed services committees advanced their versions of the bill earlier this month.
As China’s annual growth begins to slow, mass layoffs may be unavoidable for many American manufacturers as they are faced with declining demand and rising business costs. It is important for these companies to understand the complicated conditions and strict procedures that must be followed during a restructuring of this size.
The PRC National People’s Congress recently released China’s 13th Five-Year Plan (FYP) on National Economic and Social Development to outline economic policies and targets to drive industry development in China through 2020. As companies form their corporate objectives, identifying areas in which their business can align with PRC government priorities is a general best practice and can result in long-term government support.
In order to achieve China’s repeatedly signaled desire to be a global leader in climate change, Beijing must reform and regulate the country’s recycling industry, which operates chiefly informally with limited government oversight.
Foxconn Technology Group and Sharp Corporation signed a deal on April 2 for the Taiwan-based electronic contract manufacturer to acquire the Japanese consumer electronics firm for $3.5 billion. The final deal, approved on March 30, is nearly $2.5 billion less than what was originally agreed upon, ending months of negotiations marred by setbacks and disagreements. […]
More than 90 percent of the semiconductors that China purchases are imported from the United States, South Korea, Japan, and Taiwan. As a result, China spends more money importing semiconductors than it does oil. Over the next decade, China plans to invest up to RMB 1 trillion ($161 billion) into the domestic semiconductor industry as it seeks to become a global power in the sector.
