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Korea Association of Robot Industry to operate Korea Pavilion at Automate Show

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The Korea Association of Robot Industry (KAR) says it will be operating a “Korea Pavilion” at the Automate Show, which starts in a couple of days. Nine Korean companies will feature their products in Korea Pavilion located in booth number 3250 and 3452.

KAR has participated in many trade shows held in Europe and East Asia for the decades, but it has never participated in Automate or any other trade shows held in the US.

While China remains the largest market for Korean robot companies with exports worth of $319 million, The United States is the second-largest market with exports amounting to $204 million, according to the Korean Robot Industry Survey. [Read more…] about Korea Association of Robot Industry to operate Korea Pavilion at Automate Show

Car Exports 101

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The automotive industry is a vital part of the global economy, and the export of cars is a significant contributor to this.

There are several reasons countries export cars. For example, a country may have a surplus of cars that it cannot sell domestically, or it may seek to take advantage of attractive foreign markets.

Whatever the reason, exporting cars can be a complex process, and there are a number of things that need to be taken into consideration. [Read more…] about Car Exports 101

New S&P Analysis: Stressed semiconductor industry needs water, gets liberal sprinkling of state support

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By Christopher Rogers, senior researcher, Panjiva, part of S&P Global

The global semiconductor industry is in the midst of a period of upheaval driven by both short- and long-term factors.

The most obvious has been the imbalance in supply versus demand shown by shortages in the automotive industry, as discussed in Panjiva’s research of May 18, resulting in higher prices.

There are also emergent challenges from water shortages in Taiwan – which accounted for 14.4 percent of global exports in 2019 – that are causing power shortages and potential semiconductor fabrication facility closures, according to Nikkei Asia. [Read more…] about New S&P Analysis: Stressed semiconductor industry needs water, gets liberal sprinkling of state support

Chinese media clamour suggests restrictions on rare earth metals exports to US

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Chinese media outlets are raising the possibility of restrictions on the export of rare earth metals to the US. 

The move could be the most effective response to US President Donald Trump’s decision to increase and broaden import tariffs on Chinese goods into the country.

According to the South China Morning Post, the ruling Communist Party’s propaganda outlet, People’s Daily, said in a commentary: “The Chinese people would never agree to the US using products made from rare earths exported from China to curb and suppress China’s development.” [Read more…] about Chinese media clamour suggests restrictions on rare earth metals exports to US

Trump trade tariffs to hit $300 billion worth of Chinese goods

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US President Donald Trump’s proposed increase in tariffs will hit $350 billion worth of goods imported from China, according to economic analysts.

Trump announced his intention to impose the additional tariffs recently in a tweet, but the US and China are currently locked in trade talks and there may be some modifications to the proposal.

The effects of his announcement, however, have been far-reaching, and are said to be the reason for the $1 trillion fall in share prices around the world.

[Read more…] about Trump trade tariffs to hit $300 billion worth of Chinese goods

First China International Import Expo focuses on smart manufacturing

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The first China International Import Expo (CIIE), an important platform to promote bilateral trade relations between China and the world, will take place from 5 to 10 November at the National Exhibition and Convention Center in Shanghai.

The Expo, along with a series of related forums and activities, is poised to welcome over 3,000 firms from more than 130 countries and regions, including about 200 industrial leading companies, and attract over 150,000 domestic and foreign buyers.

Jointly hosted by the Ministry of Commerce and the Shanghai Municipal People’s Government, CIIE will feature more than 100 new products, technologies and cutting-edge solutions across a total of 270,000 m2.

[Read more…] about First China International Import Expo focuses on smart manufacturing

Country insight: Philippines economy ‘entering golden age’

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The Philippines is a large, archipelagic country located approximately 3,000 kilometres from China.

Its population numbers more than 100 million and its main two ethnic groups are Visayan and Tagalog, each of which accounts for around 30 per cent of the population.

The other eight or so sizeable ethnic groups go from around 10 per cent to 1 per cent of the population.  [Read more…] about Country insight: Philippines economy ‘entering golden age’

Sewbots prepare to take millions of jobs off humans in clothes manufacturing sector

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More and more companies in the textiles, clothing and footwear business are turning to advanced manufacturing technologies – robotic sewing machines and connected systems – to reduce the number of humans in their factories, along with the financial and social costs of employing them.

One of the largest apparel manufacturers in India, Raymond, which employs 30,000 human workers, says it plans to replace 10,000 of them with robots over the next three years. [Read more…] about Sewbots prepare to take millions of jobs off humans in clothes manufacturing sector