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China and Canada: An Economic Friendship

China and Canada, two very important economic players in the Asia Pacific, are surveying the benefits to come from their relationship.  The Wall Street Journal reports on the Canadian International Trade Minister’s ongoing...

Rising Currency Squeezes Exporters in China

From the Los Angeles Times: Any day now, China’s rapidly appreciating currency will break the key barrier of seven yuan to the dollar. Los Angeles-based Wessco International is dreading it. Wessco makes toiletry kits,...

Japan, China Vow Cooperation – AP

From AP via The Japan Times Online: China and Japan amicably wrapped up their first high-level trade and economic talks on Sunday by pledging greater overall cooperation but left the touchy issue of gas exploration in the East China Sea unresolved. Chinese Premier Wen Jiabao hailed the two-day meeting as “successful.” Wen met with Foreign […]

WTO Expected To Launch Probe Of Alleged Chinese Industrial Subsidies – AP

From AP via The International Herald Tribune: The World Trade Organization opened a formal investigation Friday into U.S. and Mexican allegations that China is providing illegal subsidies for a range of industries, officials said. The two countries accuse Beijing of using WTO-prohibited tax breaks to encourage Chinese companies to boost exports, while imposing tax and […]

EU, U.S., Canada escalate China row at WTO – William Schomberg and Doug Palmer

From the Reuters: The EU, the United States and Canada will launch the first ever litigation against China at the World Trade Organization (WTO) by seeking on Friday to convene a panel to resolve an auto parts dispute. The three, which have shown increasing signs of impatience with the China’s trade policies, took the rare […]

Europe’s Trade Gap With China: Behind U.S. but Catching Up – Floyd Norris

From the New York Times (link) A few years ago, as the United States discovered that its trade deficit with China was growing rapidly, there was more than a little smugness in Europe. Its deficit with China was very small, a sign that its residents were not like the profligate Americans who insisted on spending […]

China agrees to car parts talks – BBC

From BBC News (link) China has agreed to requests by the US and Europe to hold talks over a trade dispute regarding tariffs on car parts. The US and EU accuse China of imposing illegal tariffs to prevent foreign components being imported for use in Chinese car assembly plants. Washington and Brussels recently complained to […]

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