It’s hard to talk about China today without talking about its "transformation." In the next decades, China is expected to undergo two significant changes in the way its economy operates: a slowdown in growth and a rebalancing – a shift away from investments and towards consumption. China’s current economic model has been focused on increasing exports. But gradually, the Chinese economy is expected to shift more towards innovation and growth driven by consumption, or purchasing of final goods.
Attracting, promoting and retaining foreign investment is a complicated matter – especially for a developing economy. Evidence shows a compelling case for foreign direct investment (FDI): foreign investors can create jobs, bring capital and technologies, create knowledge spillovers, help local companies integrate with global value chains, and drive economic growth in general.
A major change in the way containers’ weight is measured and certified, is fast approaching. As of July 1, 2016, all shipping containers will be required to verify their gross mass before they can be loaded onto a vessel. Previously, shippers could accept weight estimates, but now shippers are responsible for weighing cargo, prior to loading.