Elektrisola opened its first facility in China fifteen years ago. Widely considered as one of the world’s leading manufacturer of enameled copper wire, the company is now seeking to expand its already vast production stronghold in the Asian superpower.
The ongoing trade war between two of the world’s largest economies are starting to hurt business from all over the world. Recently, logistics giant FedEx assured investors that the company’s business and global operations is not affected by the bitter trade war between China and the United States.
The ongoing trade war between China and the United States, two of the world’s top superpowers, is starting to tax each other’s economy. Recent reports revealed that China is planning to print more money in order to manage the massive tariffs slapped by the U.S. against the country’s goods. By adopting this strategy, China should be able to loosen its monetary policy which in turn can boost domestic demand and ultimately offset the negative repercussions of the tariffs.
China and the United States are currently locked in a bitter trade war that has seen more than $50 billion in tariffs being levied on various goods produced by the two superpowers. Recently, as part of its retaliatory actions, China announced that the country will halt accepting license applications from U.S. companies dealing in the financial services and other industries. China added that it will uplift the new regulation when Washington makes amends in order to settle the ongoing trade war.