The balance of power in Washington has altered following the mid-term elections held in November 2014. But Sino-US trade relations are not expected to see significant changes. As such, the US will likely continue to cultivate a pragmatic and collaborative relationship with Beijing in order to advance US trade objectives, although additional trade remedy actions against products from China are expected this year.
The relocation of labour-intensive manufacturing industries has driven a parallel demand for related supporting industries. In Guangdong, with the supporting industries sector beginning experience the same issues as manufacturers, such as restricted labour supply and rising production costs. In recent years, Yulin government has been actively wooing upstream and downstream supporting industries.
With still five years to go, the Japanese gift industry is already anticipating a 2020 windfall from its Olympic year, with many exhibitors at the 79th Tokyo International Gift Show keen to capitalise on the country's undoubted cultural appeal.