The Yuan War Continues About: Bank of New York Mellon China ADR Index (BKCN), Treasury Department, U.S. trade representative Susan Schwab, New York University professor Nouriel Roubini, Bloomberg, China’s President Hu Jintao, President Obama, ADR Index, China Stock Digest, Chinese equities, Jim Trippon, China’s equity markets The real story of what’s happening in relations between [...]
China Drives Stock Markets Crazy About: ( China Stock Digest, Global stock markets, National Bureau of Statistics, China’s GDP, President Obama, China-based ADRs, china stock, china economy, china stock market) Global stock markets fell into a swoon as China announced stellar new growth figures. As we predicted, fourth quarter growth hit double digits, coming in [...]
The United Steelworkers brought the case against China back in April claiming that more than 5,000 tire workers had lost their jobs since 2004 because of cheap Chinese tires flooding the U.S. market. Obama’s order raises tariffs for three years on Chinese tires — by 35 percent in the first year, 30 percent in the second and 25 percent in the third.