The global integrated circuits market posted sales revenue of $462.9 billion in 2021, which is a 28.1% year-on-year increase and a record, according to Frost & Sullivan (F&S) estimates, referenced by Nano Labs. Global sales revenue for the IC industry experienced fluctuations and increased from $343.2 billion in
The fundamental objective of the WTO Government Procurement Agreement is the mutual opening of government procurement markets among its Parties. As a result of several rounds of negotiations, the Parties to the GPA have opened up procurement activities estimated to be worth more than US$1.7 trillion annually to
The Joint Economic Committee of the U.S. Congress and President Joe Biden’s administration hold certain contrasting positions on China tariffs. On the one hand, the Committee believes that the China tariffs on nearly $270 billion of imports from that Asian nation are actively raising costs for producers and
Novagant Corp. described some opportunities in logistics in China and Hong Kong, based on its own experience and from its perspective of the industry. In general, logistics companies are facing an era of unprecedented change as digitalization takes hold and customer expectations evolve. For example, Novagant highlights that
Although the concept of «common prosperity» in China remains ill-defined, it implies a greater focus on reducing income inequality. In this regard, Nomura Holdings believes that China’s economic growth slowed, in part due to production curbs implemented in the interest of accelerating the pace of decarbonization and the
The United Nations Conference on Trade and Development (UNCTAD) released the world’s foreign trade results by region for the first quarter of 2022. In that period, merchandise trade was significantly above 2021 levels in both developing and developed countries. On the one hand, merchandise exports from developing countries