Tag: Factories and Manufacturing

Could Biden’s Clean Energy Push Be a Victim of Its Success?

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Dalton, Ga., was once known as the carpet capital of the country. Economic diversification meant branching out from wall-to-wall to hardwood flooring. Now, at Qcells, a solar panel company, robots patrol acres of shop floor where delicate solar cells are packaged, laminated and boxed into sophisticated panels — almost 30,000 a day at peak production — in a highly automated production line. The company built a massive factory in Georgia — one of the most crucial states in the 2024 presidential election — and has another in the works. Both…

Why China and Boeing Still Need Each Other

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Boeing’s commercial aircraft sales to China have slowed to a trickle as U.S.-Chinese relations have soured. But there are new prospects for the company to regain traction. A meeting this month between President Biden and President Xi Jinping of China did not yield public progress toward resuming plane sales, but it may ease tensions between the two countries, boding well for Boeing, a giant of American manufacturing. Perhaps more important, Boeing and China still need each other. “There’s lots of incentives for everyone to do a deal here,” said Eddy…

The Rise and Fall of the U.S.-China Economic Partnership

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For more than a quarter century, the fortunes of the United States and China were fused in a uniquely monumental joint venture. Americans treated China like the mother of all outlet stores, purchasing staggering quantities of low-priced factory goods. Major brands exploited China as the ultimate means of cutting costs, manufacturing their products in a land where wages are low and unions are banned. As Chinese industry filled American homes with electronics and furniture, factory jobs lifted hundreds of millions of Chinese from poverty. China’s leaders used the proceeds of…

‘Youth (Spring)’ Review: Garment Rending

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Despite running three and a half hours, the documentary “Youth (Spring)” withholds a great deal. That isn’t necessarily a criticism. The film is the latest documentary from Wang Bing, a persistent and widely admired chronicler of China’s downtrodden — its migrants, its outsiders, its mental patients and its survivors of forced-labor camps. “Youth (Spring)” is partly a follow-up to his “Bitter Money,” which opened in New York in 2018 and concerned the textile boom in Huzhou, China; the city had become a destination for migrants eager for work. While “Bitter…

China Consumer Prices Fall, Renewing Fears of Deflation

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Prices are falling again in China after a two-month reprieve, with households and businesses wary of spending even as state-controlled banks pump money into the construction of more factories. The decline in prices could put China on the cusp of a pernicious economic condition called deflation, in which companies and workers find that they receive less money for their goods or their work, while their debts remain as heavy as ever. In the United States, by contrast, inflation has been brought down substantially, although consumer prices are still higher than…

A New Law Supercharged Electric Car Manufacturing, but Not Sales

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President Biden’s signature climate law has stimulated a surge of investment in electric vehicle production across the country, including tens of billions of dollars on battery plants across the South and new assembly lines near the Great Lakes. Based on early evidence, it is succeeding at a goal that economists have long considered difficult and costly: using the power of government to rapidly grow a new industry. That growth could prove crucial for the other side of the electric vehicle equation: enticing more consumers to buy them. That’s because Mr.…

Solar Manufacturing Lured to U.S. by Tax Credits in Climate Bill

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Six years ago, an executive from Suniva, a bankrupt solar panel manufacturer, warned a packed hearing room in Washington that competition from companies in China and Southeast Asia was causing a “blood bath” in his industry. More than 30 U.S.-based solar companies had been forced to shut down in the previous five years alone, he said, and others would soon follow unless the government supported them. Suniva’s pleas helped spur the Trump administration to impose tariffs in 2018 on foreign-made solar panels, but that did not reverse the flow of…

More Semiconductors, Less Housing: China’s New Economic Plan

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China’s political leaders, under pressure to support the country’s fragile recovery, are slowly steering the economy on a new course. No longer able to rely on real estate and local debt to drive growth, they are instead investing more heavily in manufacturing and increasing borrowing by the central government. For the first time since 2005, when comparable record keeping in China began, banks controlled by the state have started a sustained reduction in real estate lending, data released last week showed. Enormous sums are instead being channeled to manufacturers, particularly…

The Multimillion-Dollar Machines at the Center of the U.S.-China Rivalry

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They are smooth white boxes, roughly the size of large cargo vans, and they are now at the heart of the U.S.-Chinese technology conflict. As the United States tries to slow China’s progress toward technological advances that could help its military, the complex lithography machines that print intricate circuitry on computer chips have become a key choke point. The machines are central to China’s efforts to develop its own chip-making industry, but China does not yet have the technology to make them, at least in their most advanced forms. This…

Tesla’s Price Cuts Lowered Its Profit

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Tesla’s profit slumped in the third quarter after the carmaker cut prices to maintain its dominance of the market for electric vehicles. The company reported a net profit of $1.9 billion from July through September. That compared with $2.7 billion in the second quarter and $3.3 billion a year earlier. The company has slashed prices by around 25 percent in the United States during the last year, putting the priority on sales rather than profit. The least expensive version of Tesla’s best selling car, the Model Y sport utility vehicle,…