Tag: China

Industry representative Weld Australia has denounced a new recommendation from the Anti-Dumping Commission for tariffs on Chinese wind towers to expire on 16 April 2024— calling it a move that appears to be sacrificing wind towers for wine. 

The Australian Hardware Tools and Grinding Expo (ATGE) is inviting industry leaders, innovators, and trailblazers in the hardware tools and grinding sector, steelmaking, construction, and abrasive industries to showcase their latest cutting-edge solutions at the inaugural event in Brisbane. 

The JP Morgan Global Manufacturing Purchasing Managers’ Index (PMI) remained in the contraction territory at the end of the year’s third quarter, posting a 49.1 rating in September up from August’s 49.0.

The Caixin China General Manufacturing PMI has slipped from 51.0 in August to 50.6 at the end of the third quarter, suggesting a marginal improvement and marking the second consecutive month of enhanced sector health.

Electric two-wheel vehicle manufacturer Vmoto has inked a construction agreement worth $14 million to build new state-of-the-art manufacturing facilities on the recently acquired industrial land in the Lishui Economic Development Zone in Nanjing, China.

In an era where globalization is an established reality rather than just a buzzword, the Australian Hardware Tools and Grinding Expo (ATGE) emerges as a beacon for the manufacturing sectors of both China and Australia.

The global manufacturing sector remained in contraction in August, albeit at a slower pace, as rates of contraction ease for output and new orders, according to J.P. Morgan. 

The Caixin China General Manufacturing PMI has increased from 49.2 in July to 51.0 in August, beyond the neutral 50.0 level, indicating a further improvement in the sector's health, which had improved in three of the previous four months. 

BYD, one of the largest plug-in electric vehicle manufacturers, has rolled off its five millionth new energy vehicle (NEV), making it the first automaker in the world to achieve this milestone.

The global manufacturing sector has remained in recession as July saw output fall even more amid the drop in new order intakes, which continued for the thirteenth month in a row, according to the latest Purchasing Manager’s Index (PMI) report from JP Morgan.