Industrial
in sentence
2197 examples of Industrial in a sentence
Fostering
industrial
development is a complex challenge.
Technologies such as 3D printing and cheap
industrial
robots are enabling products to be made in small, highly-customized forms rather than large batches of uniform goods.
By that time, with the global economy spinning into near-depression, commercial and
industrial
gold use, and even luxury demand, took a further dive.
It could promote its industries through high tariffs, explicit subsidies, domestic content requirements on foreign firms, investment incentives, and many other forms of
industrial
policy.
But WTO membership has made it difficult, if not impossible, to resort to these traditional forms of
industrial
support.
But this relationship is much stronger in China, presumably because the productivity gap between the rural, traditional parts of the economy and the modern,
industrial
sectors is so huge.
The trouble with currency undervaluation is that, unlike conventional
industrial
policy, it spills over into the trade balance.
Given that WTO rules tie China’s hands on
industrial
policy, how much of a growth penalty would the Chinese economy suffer if the renminbi were to appreciate?
In addition, China must live with restrictions on its
industrial
policies that none of these other countries, in pre-WTO days, had to abide by.
If China were allowed a free hand with
industrial
policies, it could promote manufactures directly while allowing the renminbi to appreciate.
This way the increased demand for its
industrial
output would come from domestic rather than foreign consumers.
The great advantage of
industrial
policies is that they enable growth-promoting structural change without generating trade surpluses.
To that end, the government has already introduced
industrial
strategies – “Made in China 2025” and “Internet Plus” – to support technological development, adoption, and innovation.
The US, however, has taken these
industrial
policies as evidence of mercantilist state intervention that justifies punitive trade tariffs and other sanctions.
During Chairman Mao’s Great Leap Forward, scrap metals were melted to meet wildly optimistic steel-production targets and thus to propel rapid
industrial
development.
Today, the government promotes
industrial
and infrastructure projects that, by encouraging investment and generating tax revenues, enable the economy to meet ambitious – though no longer harebrained – growth targets.
China’s focus on
industrial
production is problematic in another respect: it is extremely capital-intensive, owing largely to the distortions wrought by government policies.
Rather than a single laboratory, such a program could be a distributed virtual enterprise, taking advantage of the sort of innovative
industrial
collaboration in which China currently excels.
This means leveraging unglamorous tools like tariffs,
industrial
standards, market regulation, and cooperation in research and education in our relations with countries like Russia and Egypt, just as we have done with Norway and Switzerland.
Today, however, these positions in the major
industrial
economies are large and increasingly divergent, partly owing to the buildup of leverage that led to the global financial crisis of 2007-2008.
The country is gradually turning into an
industrial
bazaar that is relocating its workbench to low-wage ex-communist countries.
Airbus, Renault, Crédit Lyonnais, and Alstom are well-known examples of a mistaken
industrial
policy that has wasted French taxpayers’ money – and that is partly connected with the name Sarkozy.
China can purchase more
industrial
machinery, transport equipment, and steelmaking material, which are among its leading imports from the US.
And, in many areas – such as antitrust analysis, auction design, taxation, environmental policy, and
industrial
and financial regulation – policy applications have come to be considered the domain of specialists.
Furthermore, labor-market liberalization, once considered indispensable to attract investors and promote
industrial
growth, is on the back burner.
Pessimists focus on the rapid decline of its demographic dividend, its high debt-to-GDP ratio, the contraction of its export markets, and its
industrial
overcapacity.
Call this the fifth anomaly – the result of China’s slowdown, the surge in supplies of energy and
industrial
metals (following successful exploration and overinvestment in new capacity), and the strong dollar, which weakens commodity prices.
The revenue systems needed to invest in better housing, modern transport, communication networks,
industrial
hubs, and enterprise development require strengthening, but they are not dysfunctional.
Faced with a rapidly growing health crisis, the British authorities – equipped with little scientific understanding of the disease, and under pressure from a powerful
industrial
lobby – made a fatal mistake.
In the first part of this year, GDP increased 5% and
industrial
output by 11%.
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