Editor’s Note: The business press is starting to turn its attention to the fact that China decoupling will happen. It’ll take work for corporate America to set up new supply chains and develop new consumers, but then again, the Chinese market took work, too. [Michael Schuman | July 14, 2020 | Bloomberg] China was supposed to…
Editors note: The Canadian government has lost its mind. The government of Canada has awarded an estimated $6.8 million contract to a state-owned Chinese company to supply security equipment for 170 embassies, consulates and high commissions around the globe. [John Ivison | July 17, 2020 | National Post] The contract for conveyor-style X-ray machines was…
Though it has not been covered by the mainstream media, one of the major success stories of the Trump Administration can be found in U.S. solar manufacturing. Over the past three years American solar manufacturing capacity has increased nearly ten-fold, with factories opening and expanding in nearly a dozen states. This includes investment from some…
Editors Note: More of this is needed A Motor City bicycle maker has left its training wheels in the dust. [Sam Jones | July 15, 2020 | Detroit News] Founded nine years ago, Detroit Bikes LLC now produces up to 10,000 bikes a year, says CEO Zak Pashak. And it’s poised this month to begin assembling 500 copies of Schwinn’s…
Editor’s Note: The Biden campaign recently released its infrastructure and clean energy plan. It is below. At this moment of profound crisis, we have the opportunity to build a more resilient, sustainable economy – one that will put the United States on an irreversible path to achieve net-zero emissions, economy-wide, by no later than 2050.…
Editor’s Note: The China hawks are not just “loose” but are in a hurry towards a containment policy. PHOENIX — As President Trump speeds toward an election during a pandemic, an economic crash and domestic unrest, he is blaming China for his and America’s troubles. With no more deals in sight, Trump’s attitude shift has…
Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him on Twitter @michael_stumo. It’s not a stretch to say that President Trump has been a fervent champion of economic nationalism or that he’s actively confronted China’s predatory trade practices. As president, Trump has imposed 25 percent tariffs on a broad…
Editors Note: CPA has long been pushing to deregister Chinese companies from US stock market because they will not share their financial records with the public or regulators. WASHINGTON (Reuters) – The Trump administration plans to soon scrap a 2013 agreement between U.S. and Chinese auditing authorities, a senior State Department official said, a move…
Editors note: China’s continuous subsidy machine, in the form of loans that don’t need to be paid back, is accelerating. This is how they can sell at prices that don’t make sense. Banks extended a record 12.09 trillion yuan (US$1.73 trillion) of new loans in the first half of 2020, beating a previous peak of…
Editors Note: This is a great development. Rule requires companies to show they do not use certain Chinese groups’ products [Demetri Sevastopulo | July 10, 2020 | Financial Times] Companies that provide the US government with goods and services must certify that they do not use Huawei equipment or products from other controversial Chinese groups, according…
