cartTwo interesting articles by James Morrissey:
1) The first notes that Chinese authorities are providing assistance to struggling factories — and that this assistance is leading some to call for action against China when quotas disappear at the end of this year.
2) The second notes that the Bush Administration sees no reason to keep quotas in place for China — since China has not yet filled its 2008 quota.
Of course, the economic meltdown is behind both of these stories — it’s why China hasn’t shipped enough to fill its quota (no one’s buying!), and why Chinese authorities feel the need to provide assistance to factories (no one’s buying!).
In the weeks ahead, the Panjiva team will be researching just how bad things are for factories around the world. More soon.
