China posts
FeedPosted Nov 5th 2009 12:50PM by Connie Madon (RSS feed)
Filed under: International markets, Management, Industry, Competitive strategy, Economic data
American businesses are setting up shop in Mexico instead of China. China, which was the number one location for manufacture of goods bound for the U.S., has fallen into third place. Mexico is now number one, followed by India.
Several factors have converged to make Mexico an attractive place for manufacture. Daniel Silva of the Mission Economic Development Authority said: "Compared to China, Mexico offers better access to North American markets with a shorter, faster and cheaper transportation route to move products and supplies by truck, rather than over thousands of miles by ship, rail and truck combined."
Continue reading Mexico beats China in American assembly for export factories
Posted Nov 1st 2009 11:40AM by Connie Madon (RSS feed)
Filed under: Industry, Competitive strategy, China, Politics
It all started when President Obama, under pressure from U.S. unions, slapped a 35% tariff on tire imports from China. This move angered Beijing to no end, and to the point that China is challenging the action with the World Trade Organization.
China, in retaliation, has said that it would launch an "antidumping" policy against U.S. car exports to China. U.S. car makers export only about 9,000 vehicles to China at present. However, China is now the leading auto maker in the world, and barring U.S. imports would hamper the U.S. auto export market.
Continue reading The looming U.S./China trade war
Posted Sep 28th 2009 5:40PM by Michael Fowlkes (RSS feed)
Filed under: International markets, Earnings reports, Forecasts, Products and services, China, Market matters, NIKE, Inc'B' (NKE), Recession, Financial Crisis
Nike Inc. (NYSE:
NKE) will get its chance to impress Wall Street when it reports its most recent quarterly results Tuesday following the market close. The company will be reporting its fiscal first quarter numbers, and analysts are expecting
slightly lower numbers that its first quarter last year.
The giant in sports apparel and footwear last reported earnings back on June 24 when it was able to outpace analyst estimates, and this time around analysts are looking for the company to show earnings of 97 cents per share. In its first quarter last year, the company reported earnings of $1.03 per share.
Continue reading Nike Q1 earnings preview
Posted Sep 21st 2009 4:40PM by Connie Madon (RSS feed)
Filed under: Major movement, International markets, Good news, Market matters, Money and Finance Today, Economic data, Federal Reserve
Why is China loading up on US Treasuries? At first glance that seems strange because the dollar keeps falling. Doesn't a falling dollar mean that inflation is on the way? Not necessarily. The Labor Department reported that prices of imported goods fell 15% in August from a year ago, this after a 19.2% drop in July. These numbers are telling us that there is no inflation coming in the near future. The Fed has plenty of wiggle room. It can afford to keep interest rates at historic lows.
So then why is the dollar weak? We know what the answer is. The Fed has pledged $12 trillion dollars to bail out the bankers, housing and the mortgage market, just to name a few areas where the money is going. Then too, we have sky high deficits. The current account deficit will rise to 3.2% of GDP in 2010 and 3.5% in 2011.
Continue reading Why is China loading up on US Treasuries?
Posted Sep 13th 2009 1:40PM by Kevin Kersten (RSS feed)
Filed under: China, Goodyear Tire and Rubber (GT), Stocks to Buy
The Obama administration has announced that it is imposing tariffs on Chinese tire imports. The three-year plan will be have 35% tariffs the first year, 30% tariffs the second year, and 25% tariffs the third year.
This is good news for U.S. tire manufacturers and bad news for Chinese tire makers. American consumers will pay more for tires over the next three years than they would if they could buy cheap Chinese tires, but it will be a benefit for U.S. big labor and domestic tire makers as their products will be more competitive.
Continue reading American jobs, Chinese tires or trade war?
Posted Sep 11th 2009 6:00PM by Joseph Lazzaro (RSS feed)
Filed under: China, Technology
New York Times (NYSE:
NYT) Columnist
Tom Friedman returns to the subject of China and the global economy, and it's a column investors would be wise to review.
In a nutshell, Friedman argues that those who assert that green technology doesn't have the right stuff to move the U.S. GDP needle are misguided. China is investing hundreds of billions of dollars in electric cars, solar power, energy efficiency, batteries, nuclear power, and wind power.
Continue reading If U.S. isn't careful, China will turn clean tech into massive, dollar-green tech
Posted Sep 3rd 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: China, Market matters, Economic data, Cramer on BloggingStocks
TheStreet.com's Jim Cramer says the action in China isn't enough to quiet the rumblings from other areas of the market. It feels like there is too much vested in going down to allow this market to rally off of anything good in China. It's almost as if the pall's been cast and there's no sense in fighting it, even though this selloff began in China and might be ending there.
Plus, we have had a quick snapback in China before and the market just went right back down, signaling the bear market there is far from over.
Continue reading Cramer on BloggingStocks: Look for more selling
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