Why there's hope for US factory towns laid low by the 'China Shock'

Quick Summary:

As the country's economy slows, limiting the willingness of its consumers to spend, the Chinese government is steering more credit to exporters.

That is sending growing volumes of goods into world markets, threatening factory jobs in higher-wage nations.

Yet over the past several years, an infusion of investment in cutting-edge industries such as biotechnology, computer chips and electric vehicles has lifted the fortunes of long-struggling communities.

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Article Details

Author / Journalist: New York Times

Category: Business

Markets: IndiaChinaIsraelMexicoUnited StatesVietnam

Topics: China exports Us factories China shock Wolfspeed Siler city

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-02 @ 10:28:22 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 2038 words

Reading Time: 12 minutes read

Sentences: 74 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 23368536

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 1 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 1 days ago

Coverage Areas: India

Ownership: Independent Company

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Publisher ID: #84

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