Sputnik International
Superyacht Sales Surged in 2021 as Billionaires Added Trillions in Wealth Amid Pandemic - Report
https://sputniknews.com/20211109/superyacht-sales-surged-in-2021-as-billionaires-added-trillions-in-wealth-amid-pandemic---report-1090578304.html
Also at AT
This could benefit China. All it would lose is some low-end manufacturing, which would move to lower labor cost countries like Vietnam and Bangladesh.
Two articles published by Chinese state media said it might not a bad thing that China was removed from the GSP lists of European countries.
On November 5, Wei Jianguo, vice chairman of China Center for International Economic Exchanges and a former vice-minister of commerce, wrote in an article published by People.com.cn that China “graduated with distinction” in its trade development.
He said as development had increased to a level that developed countries could no longer give China preferential tariff treatment, the country’s external trade would soon enter a new phase that focused on innovative sectors.
Jeff Pao
https://asiatimes.com/2021/11/eu-poised-to-pull-chinas-gsp-trade-privileges/
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