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More or Less

More or Less: The concrete facts about Trump?s wall and China

More or Less

BBC

News Commentary, Science, Mathematics, News

4.63.7K Ratings

🗓️ 17 March 2017

⏱️ 10 minutes

🧾️ Download transcript

Summary

Did China use more concrete in three years than the US in the 20th Century?

Transcript

Click on a timestamp to play from that location

0:00.0

Why do some big successful brands go bust?

0:05.0

Toast is back for a new series, taking a look at the decisions that often left investors burnt.

0:11.0

I'm Sean Farrington, a BBC business journalist. I'll be hearing about the hype.

0:15.0

They're going to do the deal that makes them the most money at that point of time.

0:19.0

And I'm picking what went wrong, talking to owners and employees to ask, what can we learn?

0:25.4

It was being undercut by similar rivals. It just couldn't survive.

0:30.3

Toast. Listen first on BBC Sounds.

0:33.9

This is the BBC.

0:40.4

Hello, I'm Wesley Stevenson, and this is more or less on the BBC World Service.

0:47.6

Donald Trump's victory in the US elections last year was bad news for many Mexican companies.

0:53.9

When the bell rang to signal the opening

0:56.0

of the New York Stock Exchange on November 9th, shares in Mexican firms started going south.

1:03.7

If Donald Trump followed through on his promise to build a wall and renegotiate the North

1:08.4

America Free Trade Agreement, things were going to be tough for these companies.

1:12.6

Since then, some shares have recovered, but most have stayed well below their free election highs.

1:18.6

There's a notable exception, though, a Mexican firm called Semex, or Semex, as some people call it.

1:24.6

Its shares have reached their highest level since the financial crisis.

1:29.9

I do have a big rally for the building materials companies, especially CMEX.

1:34.3

This is the second largest cement company in the world, interestingly, based out of Mexico.

1:40.6

Cement is, of course, a key ingredient in concrete.

1:43.7

And if you were building, say, a great big wall, perhaps,

1:47.8

you're going to need tons of the stuff.

...

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