March 22, 2013 |
It was a little past 8 one morning last month when Michael Strange settled down at the laptop in his living room in Philadelphia's Brewerytown section, and got on the line to Beijing. His conference call would stretch into a Skype marathon - three hours and change. Strange is the fifth-generation owner of Bassetts Ice Cream, the Philadelphia stalwart (est. 1861), scooping from the first days of the Reading Terminal Market, and a wholesaler of those iconic, blue-and-white pints, America's oldest - if still distinctly regional - ice cream brand.
November 11, 2012 |
While our political leaders have been beating each other's brains out, so have China's. Communist Party leaders will name a seven- man ruling committee Thursday. Since China is our main world- power rival and top overseas trading partner - a growing focus for Cigna International , DuPont Co. , Dow Chemical, General Motors, Google, TE Connectivity , and other big U.S. companies; a big market for American coal, meat, and grain; and the place our smartphones are made by regimented workers whose low wages are finally rising - you'd think the results mattered to Americans.
September 18, 2012 |
The United States and China filed dueling complaints at the World Trade Organization on Monday, sharpening what has become a steady trade skirmish even as the nations' leaders pledge to expand economic cooperation between the world's two largest economies. U.S. officials accuse China of giving hundreds of millions of dollars a year in subsidies to its auto parts makers in order to boost its own exports. "Export subsidies are prohibited under WTO rules because they are unfair and severely distort international trade," U.S. Trade Representative Ron Kirk said in a statement.
August 25, 2012 |
Even as China's manufacturing sector slumped in August, its trade imbalance with the United States has cost this country 2.7 million jobs over 10 years, according to a study released Thursday by the Economic Policy Institute, a Washington think tank. By real numbers, Pennsylvania was one of the states most affected by the growing U.S. trade deficit, with 101,200 jobs lost - most in manufacturing - between 2001 and 2011. California, Texas, New York, Illinois, North Carolina, and Florida lost more.
September 26, 2011
Nearly 107,000 jobs were lost in Pennsylvania from 2001 through 2010 because of the growing U.S. trade deficit with China, the nonpartisan Economic Policy Institute reported. The loss in New Jersey was about 79,000 jobs, and nationally it was 2.8 million, EPI said. "Since China entered the World Trade Organization in 2001, the extraordinary growth of U.S. trade with China has had a dramatic effect on U.S. workers and the domestic economy . . . The United Statesd is loosing export capacity, and the growing trade deficit with China has been a prime contributor to the crisis in U.S. manufacturing employment," the institute said.
March 23, 2006 |
Russian President Vladimir Putin tantalized energy-thirsty China yesterday with revived hopes for a pipeline to deliver crude oil, but he also warned that China should start buying more of Russia's manufactured products. The $11.5 billion pipeline project from eastern Siberia to the Pacific Ocean, with a spur to the Daqing oil center in northeast China, has been on the drawing board for years. Russian officials have been dragging their feet, wary of China's growing economic strength.
March 13, 2004 |
Two area auction houses will have major spring sales next weekend, one concentrating on English and Continental items, the other on Americana. The English and Continental items will be offered by Freeman's March 20 and 21 at its gallery at 1808 Chestnut St. More than 920 lots will be offered, including furniture, silver, prints and snuff bottles at the first session, and carpets and decorative arts at the second. English and Continental items have become a staple of Freeman's sales over the last few years, thanks in part to its affiliation with Lyon & Turnbull of Scotland, although such items are not yet the second string to its bow. "It's more of a third string, after Pennsylvania impressionist paintings and Americana," Freeman's vice president David Donaldson said.
July 22, 2001 |
In a recent article in the Bulletin of the Historical Society of Montgomery County, two historians tell the tale of a local family that built its fortune through trade with China in the late 18th and early 19th centuries. The writers, Florence Johnson Young and Barton B. Proger, based their work on documents about entrepreneur John Donnaldson and his descendants that were donated to the Historical Society. "For me it has been a 30-year labor of love doing the research," said Young, who is the curator of the society's museum collections.
September 20, 2000 |
The Senate yesterday overwhelmingly endorsed a free-trade agreement with China, opening a new era of post-Cold War globalization that raises high expectations and serious concerns about the effect that such unfettered commerce would have on the bustling U.S. economy. The Senate voted 83-15 in favor of the free-trade pact that President Clinton negotiated last year with Beijing, adding its endorsement to that of the House of Representatives, which passed an identical measure in May. All six Philadelphia-area senators voted for the pact except Arlen Specter (R., Pa.)
September 14, 2000 |
In a crucial vote that virtually assures China the same trade status as the United States' longest and closest allies, the Senate yesterday rejected a list of conditions that could have killed the historic pact for the year. The vote removed the final obstacle to the agreement Clinton reached with Beijing last year and reaffirmed the strength of the bipartisan coalition that has worked with Clinton on behalf of the deal. Final Senate approval of the pact, which would put China on par with America's other preferred trading partners for the first time, is expected in the next few days.