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#manufacturing

18 messages15 participants0 message aujourd’hui
Public
Miguel Afonso Caetano

"China’s advances in manufacturing have caused a series of problems, however — both for its economy and for the rest of the world. Critics say one of the main weaknesses is the propensity to produce market distortions — sometimes on a monumental scale.

Local governments, whose leaders are measured by their ability to deliver economic growth, latch on to new central government policies to attract subsidised industries to their areas.
The result is duplication and state-backed overcapacity supercharged by competition that drives prices down — good for consumers but not for corporate profitability or local government finances.

“We have seen these boom-and-bust cycles,” says the EU Chamber in China’s Eskelund, pointing to the solar and battery industries. “The government actually gives policy guidance and . . . everyone seems to be rushing in the same direction.”
The EV sector was a case in point, he says, where only about three out of 112 manufacturers are making a profit. “We see waste at an absolutely colossal scale,” Eskelund says."

ft.com/content/724431ad-26db-4

Financial Times · The lessons from China’s dominance in manufacturingPar Ryan McMorrow
#China#Manufacturing#MadeInChina2025
Public
Miguel Afonso Caetano

"President Xi Jinping’s government is considering a new version of its master plan to boost production of high-end technological goods, according to people familiar with the matter, signaling its intention to keep a firm grip on manufacturing as President Donald Trump looks to bring more factories back to the US.

Officials are drawing up plans for a future iteration of Xi’s flagship “Made in China 2025” campaign, according to the people, who asked not to be identified discussing deliberations that aren’t public. The plan over the next decade would prioritize technology including chip-making equipment, one of the people said, adding that it may not carry a similar name to avoid drawing criticism from Western countries.

Policymakers who are separately preparing Beijing’s next Five-Year Plan starting in 2026 are looking to maintain the share of manufacturing in gross domestic product at a stable level over the medium to long-term, one of the people said, underlining how the rebalancing of China’s economy sought by the US may prove elusive.

As part of deliberations, officials have discussed whether the next Five-Year Plan should include a numerical target for consumption in terms of its share in China’s GDP, according to the person. They are currently leaning against that, as authorities are concerned they lack effective tools to spur spending by households and are reluctant to commit to a specific number, the person said."

bloomberg.com/news/articles/20

#China#MadeInChina2025#Manufacturing
Public
Miguel Afonso Caetano

"In line with its ‘timeful’ approach, the book starts working towards its end once we arrive at financialization in the form to which we are accustomed. By this point, Bicocca is almost completely stripped of its old working-class identity. Though the authors do not write in a melodramatic tone here, it’s sad to see that, after a century of struggle, the area is now known as a ‘no-man’s-land’. It was not always planned like this; in the 1980s, Pirelli’s plan was to turn Bicocca into a leading centre of high-tech industrial development named ‘Technocity’. But already by the 1990s, company management realized that basing the neighbourhood’s development entirely on real-estate speculation was much more profitable. In stark contrast, then, with the supposedly ‘dynamic’ financial markets determining the rhythm of its development, Bicocca is now best described by the authors as ‘decaffeinated urbanity’.

In that sense, Class Meets Land reminds more of the financial markets it takes issue with than of present-day Bicocca: it’s a fast-paced book, in the best sense of the word, and nowhere do the authors trip into excessive theoretical reflection. Yet, its biggest strength lies in Kaika and Ruggiero’s methodological insistence: the struggle between class and capital is never lost sight of, and each historical event is neatly related to what preceded and followed it. As such, they make a convincing case for approaching financialization in its specific historical context and from the perspective of local class struggles."

marxandphilosophy.org.uk/revie

marxandphilosophy.org.uk‘Class Meets Land: The Embodied History of Land Financialization’ by Maria Kaika and Luca Ruggiero reviewed by Victor StoutWith the increasing financialization of our everyday lives, land financialization has been a pressing concern for critical geographers and urbanists alike. Typically, studies on the phenomenon take a grand view, focusing, for example, on the role of global capital flows, or treating financialization as a ‘new’ regime of accumulation. But the more practical implications of financialization tend to stay underexamined in these more macro-level analyses. In Class Meets Land: The Embodied History of Land Financialization, Maria Kaika and Luca Ruggiero – professors in Urban Planning and Political Geography respectively –take a different direction: they approach the financialization of land from…
#Italy#Milan#Operaismo
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Kyiv Independent Daily Headlines

Monday, May 26, 2025

China supplying Russian military factories with chemicals, gunpowder, components — Russia ‘categorically’ rejected unconditional ceasefire in peace talks — Russians mock US and peace process with latest attacks on Ukraine, EU ambassador says — Putin is not interested in peace; German FM calls for additional sanctions following large-scale Russian attack on Ukraine

activitypub.writeworks.uk/2025

The aftermath of a Russian aerial attack against Kyiv Oblast on May 25, 2025
#airdefenses#apartments#armmilitary
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