Map: Where Your Clothes Come from
China is responsible for roughly one-third of all clothing exports
China is responsible for roughly one-third of all clothing exports
“The shift to SUVs has completely overwhelmed the shift to EVs that we’ve seen so far”
Just something to keep in mind the next time someone at the Fed talks about their desire to let inflation “run hot” for a while
‘India will be the next big thing’
Fast forward to 2018, and California is the third largest economy in the world (excluding the US and China)
Despite having significantly lower labor costs than China, India imports more than four times more from China than than it exports
The largest increase in negative sentiment occurred in India where 79% of executives now feel that economic conditions have worsened
Despite China’s deserved reputation as a major exporter, it has also become a major importer
The US and China represent 40% of the global economy
The great race to the bottom