For the past several decades, labor-intensive manufacturing of textiles and clothing has shifted from higher wage countries to lower wage countries, and in the process helped bring jobs and economic growth to increasingly poorer countries. With advances in technology and automation, however, that regular shift to the next country with lower pay levels may be coming to an end.
China is fast becoming one of the larger markets for workplace automation. This has led to the development of a large number of Chinese companies in the robotics and automation industries, though many currently just assemble components designed and manufactured by leading German, American, and Japanese robotics companies. But in the process, these companies and Chinese central planners are working to create a competitive robotics industry in China.
Gambling is big business in Japan, and the casino gaming industry is about to see how big legalized gambling can be. Recent legislation will permit casinos to operate in the country. The potential size could be on a scale that dwarfs Las Vegas or even approaches the revenues of Macau.
China's state-owned airlines are adding international routes and gaining marketshare from international competitors. Part of the reason behind their success is price-based competition that allows customers to save hundreds of dollars compared to other large international competitors. But the growth is also attributable to an increasing number of Chinese customers who may favor domestic over foreign carriers.
Singapore's shipping and logistics companies face a record $1.8 billion in bond maturities. Container throughput shrank 8.7 percent in 2015 as global trade slowed. The going could get even tougher in 2017 with record debt falling due.
As commodity prices continue to lag and China’s economy continues to struggle, shipbuilders, cargo companies, and port operators are facing financial hardships as they feel the squeeze from slowing business.
Real estate agents turn to Uber-driving amid prolonged property slump. Cars for hire increased 51 percent in the first half of 2015.
Asian shipbuilders have experienced canceled orders and a significant slowdown in new orders due to falling oil prices and slower growth in commodity demand from China.
The output of man-made diamonds is less than one-quarter of 1 percent that of natural stones, but demand is growing. Forty-five percent of North American consumers from 18 to 35 say they prefer natural and untreated diamonds. The supply of lab-grown stones will probably jump to 2 million carats in 2018 and 20 million by 2026.
Singapore’s palm oil king is leading the push to stop deforestation and adopt sustainable practices.
India's airlines have lost $10 billion over the past seven years, but that doesn't keep more airlines from entering the market.
How did OW Bunker manage to go bankrupt so soon after going public?
Xiaomi's smartphones emphasize technology over marketing, and are making inroads in Asian markets.
Which countries are now the most popular tax havens?
Can Carson Block's short-selling help ferret out unscrupulous companies?
Disk drives aren't sexy, but they're starting to look datable with the help of engineer and innovator Pantelis Alexopoulos.
An ex-ambassador uses online retailing to help small companies enter the Chinese consumer market.
More than one rich individual is revoking their citizenship in order to reduce their tax burden. Who is the latest to threaten to do this? Why is this happening now?
While rural farmers contribute a minuscule amount to Japan's GDP, their political power to block free trade is significant.
Saddled with high costs, Qantas has a difficult time competing in the growing Asian market.
What should we do to get the U.S. economy going again? Countries as diverse as Germany, Brazil, Singapore, and Thailand can offer ways for the U.S. to shore up its economy.
Japan's Fast Retailing stumbled in a move into fashion at its Uniqlo chain, and faces tough competition from Sweden's H&M and Spain's Zara.
Freakish weather hurts rubber production across Asia, giving a Japanese condom maker a headache
Misreading the Asian market may become a costly mistake for the Las Vegas Sands chairman.
Will Beijing dominate the future in world trade?
Manufacturing around the world largely remains in decline. Relatively speaking, how is the U.S. doing?
Singapore is loosening up a little, and trying to attract more tourists.
The manufacturing exodus from the U.S. is accelerating, but smarter tax policies, low-cost loans, and industrial zones may help keep factories at home.
How did UBS end up losing billions?