China

Beijing’s actions pose unfair threat to workers in Fort Wayne area

June 18, 2009 -- Washington -- Senator Evan Bayh praised the U.S. International Trade Commission (ITC) today for determining that China is illegally dumping imported tires into the American market, causing a market disruption that should be remedied by U.S. government action.

The ruling will help workers at domestic tire manufacturers like the BF Goodrich Tire Manufacturing/Michelin North America Inc. plant in Woodburn, Indiana. The ITC was considering a petition initiated by the United Steel Workers alleging that an increase in imported Chinese tires has caused a steep decline in U.S. production, sales, profitability and employment.    » read more »

World's biggest carbon offset exchange comes one step closer to reality as

Beijing / New York , June 18, 2009 – NYSE Euronext (NYX) today announced that BlueNext, its majority-owned environmental trading exchange, is partnering with the China-Beijing Environmental Exchange (CBEEX), the first state-level Chinese environmental rights trading platform, to set up an international carbon-trading related information platform.

Bluenext, the world’s largest “spot” trader of carbon credits supported by the world’s leading and most liquid exchange group, operates the world’s largest spot market for Certified Emissions Reductions (CERs). CBEEX is the gateway to China , the world’s largest market for Clean Development Mechanism (CDM) projects.    » read more »

Beijing, China - June 17, 2009 -- Dow China was recently recognized as a “Top 10 Energy Conservation and Emissions Reduction Corporations” at the Fourth China Summit on the Development of Circular Economy, part of the 2009 China Beijing International High-tech Industries Week.

About 100 leading international and domestic corporations participated in the nation-wide online voting through Xinhua Net, one of China’s largest news portals, and Dow ranked No. 1 in the chemical industry for its operational eco-efficiency and outstanding contributions to emissions reduction in China and world-wide.    » read more »

June 16, 2009 -- (Pittsburgh) – This week’s U.S. Commerce Department’s report of the $29 (B) billion April trade deficit highlights the continued threat China poses to a possible economic recovery fueled by a resurgence in industrial manufacturing.

While the 2009 imbalance to date remains below last year’s record pace, China is still responsible for more than half (57%) of the overall U.S. trade deficit in April, the most recent month for which data is available.    » read more »

China moves up the global innovation rankings but innovation techniques still lag global best practice, says Economist Intelligence Unit

09 Jun 2009 -- From workshop to the world to a budding test bed for global innovation, China is on the move. To increase productivity, China’s government is investing in research and development (R&D) and education, the foundations of innovation.    » read more »

In Turbulent Year Developing World Leapfrogs Sluggish OECD in Demand for Energy

June 10, 2009
-- In a climate of unprecedented turbulence, global energy markets followed the same extreme pattern as the world economy in general during 2008.

Prices first rose to record highs as economic growth boomed in the first half of the year. Then they collapsed as the global economy abruptly reversed and plunged into recession in the wake of the financial crisis.

But the year was also remarkable for another reason - less dramatic but, arguably, just as profound in its implications for the long term. For the first time ever, according to the 2009 BP Statistical Review of World Energy, the developing world led by China leapfrogged OECD nations in the consumption of primary energy.    » read more »

June 0, 2009, London UK -- GlaxoSmithKline plc (GSK) today announced it has entered into a definitive agreement to form a new Joint Venture with Shenzhen Neptunus Interlong Bio-Technique Co. Ltd (Shenzhen Neptunus) focused on developing and manufacturing influenza vaccines for the Chinese market.    » read more »

June 3, 2009 -- Washington – In testimony before the International Trade Commission Tuesday, U.S. Senator Blanche Lincoln (D-Ark.) said Arkansas’s workers are entitled to compete on a fair playing field in our global marketplace.

Lincoln, testifying on behalf of Cooper Tire & Rubber Company employees in Texarkana, expressed support for a United Steelworkers (USW) petition filed earlier this year seeking relief from surging imports of consumer tires from China.    » read more »

June 2, 2009 -- (WASHINGTON, D.C.) -- United Steelworkers (USW) International President Leo W. Gerard today asked the U.S. International Trade Commission (ITC) to give the U.S. tire industry a “fighting chance” to survive the waves of low-priced and unfairly traded imports of consumer tires flooding the domestic market from China.

Gerard and other USW officers on the trade petition that seeks to stem those imports and rebuild the domestic industry. Members of Congress also testified and dozens of tire workers from affected plants sat in the hearing room.

Senators Robert Casey and Arlen Specter of Pennsylvania and other Democratic lawmakers argued before the commission that the case is a chance for President Barack Obama to chart a new course for U.S. trade policy.    » read more »

Senator Seeks Relief for Companies Affected by Chinese Tire Imports

June 2, 2009 -- WASHINGTON, D.C. – U.S. Senator Sherrod Brown (D-OH) today testified before the International Trade Commission (ITC) on behalf of workers at Denman Tire Company in Leavittsburg and Cooper Tire in Findlay. Brown petitioned the ITC for relief from excessive imports of passenger car and light truck tires from China that have had an adverse impact on Ohio companies and workers. A copy of Brown’s remarks, as prepared for delivery, can be found below.

I appear before you today in support of the workers in my state and around the country whose jobs have been lost or are on the line due to a surge in imports of passenger and light truck tires made in China.    » read more »

Surge in Chinese tire imports threatening crucial domestic industry and manufacturing jobs in Fort Wayne area

June 2, 2009 -- Washington – Senator Evan Bayh testified in a major international trade case today, urging the U.S. International Trade Commission (ITC) to help protect Fort Wayne-area workers whose jobs are threatened by a surge in Chinese tire imports.

At issue is whether the rise in Chinese tire imports constitutes unfair trade prohibited under Section 421 of U.S. international trade law and threatens to cause a market disruption for domestic tire producers. The ITC is considering a petition initiated by the United Steel Workers alleging that an increase in imported Chinese tires has caused a steep decline in U.S. production, sales, profitability and employment.    » read more »

Industrial Machinery Company To Invest in Growth and Global Expansion of Premium Off-Road Vehicle Brand; Deal is Expected to Secure Over 3,000 US Jobs

DETROIT and SICHUAN, June 2, 2009 - Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd (Tengzhong) and General Motors Corp. today confirmed details of their proposed transaction, pursuant to which, Tengzhong, a major industrial machinery group, will acquire the rights to the premium off-road HUMMER brand, along with a senior management and operational team.    » read more »

June 2, 2009 -- Washington, D.C. – Leo W. Gerard, International President of the United Steelworkers (USW) will present testimony before the U.S. International Trade Commission (ITC) Tuesday, Jun. 2, along with other USW officers involved with the domestic tire industry in a major trade case that seeks to stem the flood of imported consumer tires from China. Ten Members of Congress will also testify.    » read more »

May 28, 2009 -- WASHINGTON -- The United States has filed a civil complaint against PowerTrain Inc., Wood Sales Co. Inc., and Tool Mart Inc., all based in Golden, Miss., alleging that they imported and sold more than 78,000 Chinese-made engines that do not meet federal air pollution standards, the Justice Department and Environmental Protection Agency (EPA) announced.

The lawsuit filed in U.S. District Court in Washington, D.C., is part of an ongoing effort to ensure that imported non-road engines and equipment comply with the Clean Air Act’s emissions standards. The filing marks the first federal court action enforcing the Clean Air Act’s emissions standards for portable generators, water pumps and other "non-handheld equipment."    » read more »

May 25, 2009 -- Tokyo — Toyota Motor Corporation (TMC) announced that GAC Toyota Motor Co., Ltd. (GTMC), a vehicle-production and sales joint venture between TMC and Guangzhou Automobile Group Co., Ltd. (Guangzhou Automobile), held a line-off ceremony today for the "Highlander" SUV, produced on GTMC's new production line at its plant in Nansha District, Guangzhou, Guangdong, China.

Approximately 1,400 people attended the ceremony, including officials from the Guangdong provincial government and Guangzhou municipal government, Japanese government officials, Guangzhou Automobile Chairman Zhang Fangyou, TMC Executive Vice President Takeshi Uchiyamada and GTMC President Toru Kuzuhara.    » read more »