By Steven Byers, CPA Senior Economist Last summer, Chinese officials began talking about the liberalization of Chinese markets, in response to criticism of the highly nationalist and protectionist Made in China 2025 (MIC2025) strategic plan. That was in response to growing trade tensions with the US, and other foreign governments and businesses. Flying under-the-radar, however, the…
Excerpt: “The corrupt policy that prevents consumers from knowing from which country the beef they purchase for themselves and their families originated is the best policy the old-guard politicians and their multinational corporations can buy.” For decades old-guard politicians and multinational corporations worked together to satisfy their mutual self-interests – more wealth. They did so with little…
Editor’s note: CPA supports strong Buy America rules in government procurement. Our government’s procurement policy falls far short of its potential to encourage and support good jobs in domestic manufacturing. We need to strengthen domestic sourcing requirements for publicly funded programs, including those intended to repair our failing infrastructure…. [Owen E. Herrnstadt | March 4, 2019…
Editors note: no signs yet that China plans to play nice in the future. BEIJING/SHANGHAI (Reuters) – China’s customs authority has suspended customs clearance procedures for Model 3 cars built by Tesla Inc, the financial publication Caixin reported on Tuesday. [Yilei Sun, David Stanway | March 5, 2019| Reuters] The report said the customs authority…
