|Trade News Archive: 24 October - 30 October|
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|The AmericanEconomicAlert.org News Article Rating System|
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U.S. international economic and trade policy.|
|Wednesday, October 29, 2014|
Modine Manufacturing earns work from Chinese vehicle manufacturer
Milwaukee Business Journal
Comment: "Citing customer confidentiality, the Chinese company did not provide details about the production award. However, Modine (NYSE: MOD), which has two manufacturing plants in China, is expected to begin making the products at the facilities in 2016."
|Tuesday, October 28, 2014|
Obama taking action to push manufacturing
Comment: "The White House announced the executive actions Monday as part of the day's focus on manufacturing, which administration officials consider one of the bright spots of the economic recovery. Obama met with a panel of labor, academic and industry officials who have offered advice on how to boost the manufacturing sector."
China Fake Invoice Evidence Mounts as Hong Kong Figures Diverge
Comment: "China recorded $1.56 of exports to Hong Kong last month for every $1 in imports Hong Kong registered, leading to a $13.5 billion difference, according to government data compiled by Bloomberg. Hong Kong’s imports from China climbed 5.5 percent from a year earlier to $24.1 billion, figures showed yesterday; China’s exports to Hong Kong surged 34 percent to $37.6 billion, according to mainland data on Oct. 13."
|Monday, October 27, 2014|
CNH to lay off 150 at Mount Pleasant tractor plant
Milwaukee Business Journal
Comment: "CNH Industrial, which makes agricultural equipment at the factory at 7000 Durand Ave., is shutting down second-shift tractor production and reducing production as the industry faces a slowdown, said Jeff Vassh, president of the United Auto Workers Local 180."
Manufacturing Key to US Competitiveness—President Provides More Funding
Comment: "Smaller manufacturers will receive assistance as well as the Department of Commerce’s Manufacturing Extension Partnership, which serves over 30,000 U.S. manufacturers each year, will build new capabilities at its state-based centers and pilot a competition for $130M over five years across ten states to help small manufacturers adopt new technologies and bring new products to market."
Obama's day: Manufacturing
Comment: "Obama will unveil a series of new executive actions during a meeting of his Advanced Manufacturing Partnership Steering Committee.
The new orders call for redirecting $300 million in federal money to new manufacturing technologies, $100 million for apprenticeship programs and $150 million to help manufacturers market new technologies."
Using Cash and Pressure, China Builds Its Chip Industry
New York Times
Comment: "In recent months, multinational companies have faced growing pressure in China, where investigators have begun antitrust and price-fixing investigations aimed at food manufacturers, automakers and technology companies. While Qualcomm’s troubles fit the trend, they also show how China’s inquiries align with broader economic and strategic initiatives."
|Sunday, October 26, 2014|