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Spirethoughts

Spire's six most recent Spirethoughts.

Countries fight Covid-19 crisis with economic bailout packages
EU offers more market access to Vietnam
EU offers more market access to Vietnam
The Coronavirus spells trouble for the pharma industry in India and gl...
Will electric cars be more enjoyable to drive
Will electric cars be more enjoyable to drive?
Drones: Winging it like a bird
The World Bank’s USD212 million Green loan for Vietnam
The World Bank’s USD212 million Green loan for Vietnam

In China for China

The recent American Chamber of Commerce survey once again attested the trend of “in China for China”, as 58% of respondents’ primary goal was to produce in China for the growing China market. 51% of them also identified China as a top-three priority for investment.

As such, U.S. companies in China are driving U.S. exports to serve this fast-growing market. Almost two-thirds (62%) report that they import parts or finished goods from the U.S. into China and that U.S. exports make-up 32% of their China sales by value.

According to the latest market study by International Data Corporation, specifically adventurous technology marketers looking for new territory should consider Tier 2 cities such as Chengdu and Sichuan, as these cities are exploding in terms of growth.

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