According to the Nov. 12 Wall Street Journal, prices of goods shipped from China have fallen around 20% this year, according to Dutch bank ABN AMRO. Economists say this is a sign that Chinese sellers are discounting to preserve or expand market share during a period of weaker global demand.
“With a weakening economy, China naturally looks for exports,” said Brad Setser, a scholar at the Council on Foreign Relations, “but any meaningful expansion…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
