Keyword: export
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China trade: The 'Dalai Lama Effect' By Jo Ling Kent, CNN STORY HIGHLIGHTS * Study: Countries that meet with the Dalai Lama lose 8.1 percent in exports to China * Effect lasts for two years following the meeting with the exiled spiritual leader * The "Dalai Lama Effect" began in 2002 when President Hu Jintao took office * Only impacts trade if meetings are between a head of state and the Dalai Lama Beijing, China (CNN) -- Countries whose top leadership meet with the Dalai Lama, Tibet's exiled spiritual leader, lose on average 8.1 percent in exports to China in...
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AUGUST 5, 2010 China's Riddle: Corn Deals Analysts puzzle over meaning behind surge in imports despite policy of self-sufficiency By BRIAN SPEGELE And SCOTT KILMAN China's first big purchases of U.S. corn in more than a decade have triggered a debate over whether exports of America's biggest crop are entering a new golden era. But the one party that could potentially settle the question—China's government—is hardly talking. Excitement was sparked in June when a ship loaded with U.S. corn arrived at the port of Longkou on China's eastern coast—the first ship fully loaded with U.S. corn to dock in China...
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Russia, once the largest importer of U.S. chicken, has agreed to lift a five-month-old ban on the meat after talks between presidents Barack Obama and Dmitry Medvedev. U.S. exports of chicken to Russia plunged 84 percent in the four months ended April 30 from a year earlier. The price of U.S. wholesale chicken legs, a major export to Russia, fell 27 percent in the past year. We will have to comply with the same requirements that are being used for Russian poultry producers,” said Sumner, whose Stone Mountain, Georgia-based trade group represents 90 percent of U.S. poultry and egg exporters....
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NOTE The following text is a quote: www.whitehouse.gov/the-press-office/remarks-president-obama-and-president-medvedev-russia-us-russia-business-summit Home • Briefing Room • Speeches & Remarks The White House Office of the Press Secretary For Immediate Release June 24, 2010 Remarks by President Obama and President Medvedev of Russia at the U.S.-Russia Business Summit U.S. Chamber of Commerce, Washington, D.C. 3:08 P.M. EDT PRESIDENT OBAMA: Well, good afternoon, everybody. It is a pleasure to be here with my friend and partner, President Medvedev, and I want to thank him again for his leadership, especially his vision for an innovative Russia that’s modernizing its economy, including deeper economic ties between our...
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BIROBIDZHAN, Russia — The Kimkan open pit mine in Siberia is a muddy square mile surrounded by birch and cedar forests so vast they seem to stretch to the ends of the earth. As with many places in Siberia, it is nearly impossible to drive here. Yet just under the surface, Russian geologists say, lies enough iron ore to build hundreds of millions of cars. That is why Chinese government officials and business executives are interested, despite a decades-old legacy of bilateral distrust along this stretch of Russia-China borderland. This year, a delegation from the Industrial and Commercial Bank of...
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BERLIN, June 7 (Reuters) - German industrial orders jumped far more than expected in April, with suggestions of a rise in investment adding to signs Europe's largest economy is on the path to durable growth. Demand for intermediate and capital goods pushed orders up 2.8 percent on the month, the Economy Ministry said. The gain beat the mid-range forecast in a Reuters poll of 39 economists for a 0.2-percent rise. ECONDE Analysts said the European debt crisis had weighed on orders from the euro zone, which were down one percent, but a weaker euro was likely to bolster demand from...
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I've been trying for weeks to EXPORT or SYNCRONIZE all my Outlook 2007 data from one Vista computer to another. Not just contacts, but EVERYTHING, including, calendar, to do list, settings, fonts, and signatures. Help! I'm just about brain dead trying to do this... it shouldn't be so complicated! Rick
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The trouble with China's economic bubble By David Ignatius Thursday, March 11, 2010; A21 The bubbly enthusiasm that many analysts express about the Chinese economy reminds me of the old-time variety show host Lawrence Welk, who banished worries each week with soothing sounds from his Champagne Music Makers. China watchers should turn off the music and listen to Premier Wen Jiabao, who has been surprisingly frank in warning that overinvestment and lack of domestic demand are producing an economic bubble in his country. "The biggest problem with China's economy is that the growth is unstable, unbalanced, uncoordinated and unsustainable," Wen...
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Note: The following text is a quote: http://www.whitehouse.gov/the-press-office/remarks-president-export-import-banks-annual-conference Home • Briefing Room • Speeches & Remarks The White House Office of the Press Secretary For Immediate Release March 11, 2010 Remarks by the President at the Export-Import Bank's Annual Conference Omni Shoreham Hotel, Washington, D.C. 11:30 A.M. EST THE PRESIDENT: Thank you, everybody. And thank you, John, for that generous introduction. Congratulations to you and Fabienne and Luis for the recognition your companies so richly deserve. And thank you to the Chairman of the Export-Import Bank, Fred Hochberg, for having me here today, and for all the important work the...
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WASHINGTON (AP) - President Barack Obama sought Thursday to put some detail behind his lofty drive to double U.S. exports over the next five years, calling the effort imperative to putting people back to work. But doubts remain about how many net jobs his trade agenda will create—and how he will get it done. In a speech to the Export-Import Bank conference, Obama outlined steps to flesh out his trade initiative. Among them: creating a mini-Cabinet of officials to focus on exports, seeking more financing to support trade efforts, beefing up enforcement of existing trade deals and pushing for the...
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March 10, 2010 Chinese exports surge in reaction to bank policy Leo Lewis, Asia Business Correspondent Chinese trade surged last month following the country’s rise in bank lending, leading economists to predict a strong increase in exports over the course of 2010. Exports grew by 45.7 per cent in February compared to the same month in 2009 despite the lunar new year holiday, which shut down the country for several days last month. Although global fund managers have been encouraged by some brokers to think of Chinese consumption as an attractive investment, more bearish observers believe that it will be...
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Korea's Top 5 Industries Face Oversupply Crisis Korea's major industries are at the great risk of being hit by oversupply problems in the global market. If automobiles, steel, petrochemicals, ships and semiconductors end up sinking due to a worldwide glut, the Korean economy is expected to face the greatest shock since the Asian financial crisis. According to an internal Ministry of Strategy and Finance document obtained by the Chosun Ilbo on Sunday, the global automobile industry faced a 56.7 percent oversupply last year, while the steel industry was hit with a 37.7 percent glut. The oversupply ratio refers to the...
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Andy Xie: China Better Open Up Its Economy Fast, Else An Obama Trade War Will Crush It Vincent Fernando | Feb. 10, 2010, 5:12 AM | 531 | comment 4 Andy Xie issues a stark warning for China in a latest Caing opinion piece. Essentially, America's major hope for recovery and job growth right now lies in growing its exports since the Fed can't slash rates much lower, and American government is completely grid-locked by politics (thus can't do much for the domestic economy). Thus he expects an increasingly aggressive stance from the Obama administration on U.S. - China trade....
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China sees rocky export rebound, shrinking surplus October 31, 2009 1:17 AM ET All Thomson Reuters news BEIJING/SHANGHAI (Reuters) - China's exports face a "hard and tortuous" path to recovery as uncertainties dog the global economy's gradual return to health, with this year's trade surplus set to shrink from last year's record, the Commerce Ministry said. Commerce Minister Chen Deming told a conference on Saturday that China's trade surplus was expected to fall to $180 billion to $190 billion this year from last year's record $295.5 billion. The surplus was $136.4 billion in the first nine months of the year....
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WASHINGTON (Reuters) - A Senate panel urged the Air Force on Thursday to start developing an export model of its F-22 Raptor, the most advanced U.S. fighter jet, even as it voted to end U.S. purchases. Japan, Israel and Australia have shown interest in buying the supersonic, radar-evading F-22 Raptor, designed to destroy enemy air defenses in the first days of any conflict and clear the way for other missions.
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China's rise as the world largest exporter, though significant, does not mean Chinese exports will be of as high a quality as Germany's goods, experts said. The Chinese government should seriously consider ways to improve the quality of goods for export and create more value-added products to strengthen its competitiveness, they said. For the first time, China took the lead as the world's export champion, surpassing Germany by a minimal amount in the first half of the year. A report released yesterday by the World Trade Organization (WTO) shows that from January to June, China exported goods worth $521.7 billion....
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Fall in exports hits German hopes of recovery By Ralph Atkins in Frankfurt Published: June 9 2009 12:09 | Last updated: June 10 2009 01:25 Germany’s hopes of economic recovery have been set back by unexpectedly sharp falls in exports and industrial production that underline the fragility of Europe’s largest economy. German exports in April were 4.8 per cent lower than in March, and 28.7 per cent down on a year earlier, official figures show – the steepest annual fall since records began in 1950, although officials said that April 2008 had been exceptionally buoyant.
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Distant Holy Grail: China's Consumers Tina Wang, 05.13.09, 1:34 AM ET HONG KONG -- China is showing steady improvement in domestic consumption, as global and domestic companies set their sights and hopes on the world's most populous market. But bolstering the power of its consumers to full potential poses a long-term challenge for China and requires a structural rebalancing of economic growth. China's retail sales continue to grow robustly, in line with market expectations and the year's first-quarter pace. Retail sales for April climbed 14.8% from the same time last year, to 934.3 billion yuan ($137.0 billion), according to the...
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China exports fall 22.6% in April China's exports fell 22.6 per cent in April from a year earlier, while imports fell 23 per cent, the official Xinhua news agency said today, quoting the General Administration of Customs. The resulting trade surplus for the month was $12.9 billion, compared with $18.56 billion in March and $4.84 billion in February, according to calculations based on the cumulative January-April surplus of $75.43 billion cited by Xinhua.
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IMF sees 'long, severe recession' for Asia by Bernice Han Wed May 6, 2:42 am ET SINGAPORE (AFP) – The International Monetary Fund (IMF) on Wednesday sharply slashed its growth outlook for Asia, predicting a "long and severe recession" for the region's wealthier but export-reliant economies. The US-based institution said it now expected growth in Asia, including Japan, would slow to 1.3 percent this year after an initial forecast, made in the last quarter of 2008, of 2.7 percent growth. "The spillovers from the global crisis have impacted Asia with unexpected speed and force," the IMF said in its regional...
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