The total size of China‘s automotive services market is $1.2 trillion in 2017 and $1.7 trillion in 2021, with a CAGR of 8.9 percent, refers Autozi Internet Technology. By 2026, China’s automotive service market size is estimated to be $2.3 trillion with a compound annual rate of 6.6
According to BCG‘s Global Manufacturing Cost Competitiveness Index, Mexico and other countries in the Southeast Asia region, such as Thailand, Malaysia and Indonesia, offer the most competitive manufacturing costs in the world. This index tracks changes in relative factory wages, productivity growth, foreign exchange rates and energy costs.
The world’s main bilateral merchandise trade flows are between China and the United States, and between their respective neighboring economies, according to UNCTAD data. In 2022, the United States imported $576 billion worth of goods from China and China imported $179 billion worth of goods from the United
The U.S. Trade Representative (USTR) noted that biotechnology helps reduce food insecurity. From its perspective, modern biotechnology can significantly increase agricultural production by protecting plants from factors that reduce yields, such as pests, diseases, spoilage, climate change and extreme weather conditions. Up to 40% of the world’s agricultural
In recent decades, accelerated by the coming of age of the millennial generation, there has been a shift toward favoring life experience over material goods, according to Clover Leaf Capital Corp. Numerous studies have found that spending money on life experiences brings people more lasting joy than spending
The U.S. government presented 14 defense arguments in a controversy over restrictions on GM corn imports to Mexico. Because Mexico banned the use of GM corn in tortillas or dough, the White House Trade Representative (USTR) initiated a panel under the Mexico-U.S.-Canada Agreement (USMCA). At the same time,