NADEC celebration of its 50^th anniversary of the formation

Based on my own observations, most people do not actually understand how the Peoples Republic of China (PRC) economy was built or even works. Currently, we hear a lot about PRC “overcapacity” as the problem. This use of the term "overcapacity" is not actually what is in play here.

 

 While it is true to the casual observer that "overcapacity" is happening, we need to first understand that the PRC has enormous capacity to produce any good or undertake any project. The country has had this tremendous capacity for many years now and it is this capacity that has already taken down a number of U.S. companies and will continue to do so. It is nothing new. Always remember, right now (until the demographic slide really hits China), it is nothing for the Party leadership to throw 10,000 people onto a given task. 

 

Many observers see the huge PRC production coming at the United States now and label it "overcapacity." No. That production is within the PRC's capability to produce. If anything , that tremendous production capability is simply “over” the importing country’s capacity to consume. What those observers misunderstand is that the Party leadership is desperate to export as their only other means of earning convertible foreign currency other than FDI, which has imploded. Convertible foreign currency is needed for most projects and transactions outside of the PRC.

 The tough part for Washington is that the current Administration has tied its star to the development of renewable energy firms domestically in the face of China's commanding global monopoly lead on the production of many parts and products necessary for renewable energy products and projects. This includes solar panels, etc. No question that historic intellectual property theft and heavy state subsidies play a substantial role in the PRC's monopoly lead in this sector. When combined with production capacity, this gives China a staggering competitive advantage in terms of trade.

 

Understand that China now has to export to keep the economy afloat and even attempt to resurrect it a bit. There is a hard, deliberate push to export dictated by the leadership in Zhongnanhai. It is not accidental "overcapacity."

To submit an event for posting, fill in the form on the NADEC website here

Q: contact Heidi Whitman, NADEC Admin Coordinator

& Urszula Wojciechowska, Communications Officer & Ex Committee member

The New Jersey District Export Council (NJDEC) is proud to recognize excellence among New Jersey’s leading exporters.

The goal of the NJ International Trade Awards (NJITA) is to recognize and honor New Jersey companies that have worked diligently to expand their exporting efforts. They may have accomplished this by penetrating new markets or by increasing their presence in existing markets – or by embracing both growth strategies! By doing so they have contributed to the creation of new jobs while subsequently improving and enhancing the New Jersey economic landscape. 

Questions Contact: Jackie Rasmussen - rasmussenj@missouri.edu,

Ph. 573-884-5223 (office) or 573-836-0002 (cell)

In celebration of World Trade Month, the U.S. Commercial Service will host a number of export sessions May 6-10, as well as throughout the month! The sessions, led by both private and public sector experts, will feature tradecraft programs and industry focused opportunities.

World Trade Month has been recognized each May in the United States since 1938, and the month is used to celebrate the importance of international trade to the U.S. economy.

It provides an opportunity to recognize the importance of exporting to the U.S. economy and encourage U.S. businesses to begin or expand their export efforts. Learn more here

U.S. exports of goods and services totaled more than $2.5 trillion in 2021 supporting nine million U.S. jobs, according to the U.S. International Trade Administration. Of that, 97% of the nearly 300,000 U.S. companies that export are small or medium-sized businesses, which the U.S. Census Bureau defines as having 500 or fewer employees.

John Koons, Online Marketing Manager

Q: John Koons jk@ibt.onl

AJOT, Iain Marlow, April 26, 2024

President Xi Jinping warned America’s top diplomat that the US shouldn’t target or oppose China, as the world’s largest economies wrapped two days of talks spanning thorny disputes on trade and Beijing’s support for Russia’s war machine.

The Chinese leader met with US Secretary of State Antony Blinken in Beijing on Friday afternoon, as the two superpowers continued dialogue to manage a growing list of differences. While the substance of talks was confrontational, both sides refrained from the sharpest rhetoric. They also announced a new working group on artificial intelligence to start in the coming weeks, bolstering expectations for keeping ties steady.

“China and the United States should be partners rather than rivals,” Xi told Blinken, according to a Chinese Foreign Ministry statement. The two sides should “seek common ground and reserve differences, rather than engage in vicious competition,” he added.