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Category: economy

China Is Buying Its Way Into the U.S. Economy

Via U.S. News & World Report-- The concept of "Made in America" is slowly giving way to "Made by China … in America," as Chinese investors are increasingly snatching up U.S.-based companies and assets and raising the eyebrows of some regulators and market spectators. Since the turn of the new year, Chinese suitors have either announced interest in or closed on several multibillion dollar acquisitions of American institutions, such as General Electric's appliance wing, construction... Read More
Posted by Kristina Bran at Wednesday, May 18, 2016 | 0 comments
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China Has Been Good For Memphis

Ted Evanoff- The Commercial Appeal- Memphis, Tennessee- You could tune out what happened in Beijing this week as a distant storm, except Memphis is an international trade town. Thousands of Memphians make a living by handling, tracking, scheduling and hauling tons of merchandise coming in daily from China.And, suddenly and without warning, China’s government devalued the yuan. Quickly, investors punished the American stock markets, sensing a cheaper yuan would spur Chinese exports and, in turn,... Read More
Posted by Kristina Bran at Wednesday, August 19, 2015 | 0 comments
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Increase in Hardwood Imports Signals Recovery

Sun Star CEBU-June 23, 2015- Liberty A. Pinili--PHILIPPINE imports of American hardwood jumped 100 percent in 2014, signalling improving prospects for the export furniture manufacturing industry in Cebu. Data from the American Hardwood Export Council (AHEC) reveal that total exports of hardwood lumber to the Philippines reached 1,731 cubic meters, valued at $1.2 million in 2014, a growth of almost 100 percent from 2013, which was only 867 cubic meters at $676,187. Highest in Asian ... Read More
Posted by Kristina Bran at Tuesday, July 21, 2015 | 0 comments
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West Virginia Lumber Industry Rebounding- Expands to Chinese Markets

Andrew Brown-West Virginia Gazette- June 28, 2015---The trees that cover the Mountain State and attract visitors with their colorful visuals in the fall are becoming a sought after commodity again. Spurred on by the recovering housing market in the United States and new export opportunities in foreign countries, West Virginia’s lumber and wood-products industries are starting to recover from a six-year slump. In the past three years, employment and output from sawmills and other... Read More
Posted by Kristina Bran at Monday, June 29, 2015 | 0 comments
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