Italy, the world's leading manufacturer of tannery, footwear and leather goods machinery, with its national pavilion at the APLF International Leather Trade Fair in the United Arab Emirates, is the largest participant in the fair with 37 companies exhibiting their products, represented by the Italian Association of Leather Goods and Footwear and Tanning Technologies Producers (ASSOMAC). [ZAWYA إيطاليا المورّد الأوروبي الأول للجلود وآلات الدباغة إلى الإمارات العربية المتحدة]
China’s planned bureaucratic overhaul looks set to further entrench Communist Party control. The proposals, which are likely to be rubber-stamped this week, include a new financial regulator, a new nationwide data bureau, and a restructured science and technology ministry that aims to help China “move faster toward greater self-reliance.” [China Revamps Bureaucracy to Boost ... - Bloomberg Law News- Semafor]
Analysis of the risks and opportunities surrounding the development of clean energy and technology supply chains viewed through the lenses of energy security, resilience and sustainability. The Energy Technology Perspectives 2023 (International Energy Agency - IEA) provides a comprehensive analysis of global manufacturing of clean energy technologies today – such as solar panels, wind turbines, EV batteries, electrolysers for hydrogen and heat pumps – and their supply chains around the world.
Rare earths are a group of 17 metals which are vital in many technologies, notably renewables, computing, and batteries. The European Union imports 98% of its rare earths from China, and demand is expected to increase 400% by 2030. [Seltene Erden in Schweden: Fehlendes Investment in Technologie bremst Abbau aus- chemie.de]
The latest data in the CNBC Supply Chain Heat Map shows China is losing more manufacturing to Vietnam, Malaysia, Bangladesh, India, and Taiwan. Exports in furniture, apparel, footwear, travel goods and handbags, minerals, and science and technology are all declining. China’s ‘Zero Covid’ policy is a big factor, with Port of Ningbo, the world’s largest port, the latest to be impacted. [China, 'factory of the world,' is losing its manufacturing ... - CNBC]
Shares of China's major chipmakers lost $8.6 billion in market value on Monday. According to @FinancialTimes the cause is US export controls that have threatened to obstruct Beijing's plans for technological self-sufficiency. [China chip stocks lose $8.6bn in wipeout due to US export ... – FT]
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