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Sungmin Lee

China to again levy coal import tariffs after nearly a decade - 1 views

www.reuters.com/...ina-coal-idUSL3N0S41QP20141009

tariff China Coal

shared by Sungmin Lee on 23 Oct 14 - No Cached
  • Sungmin Lee on 23 Oct 14
     
    Australia, Russia exports seen hit; Indonesia to be exempt * China thermal coal futures, China shares of top coal firms rise (Adds analyst's comments, coal futures and coal firms' shares) By Fayen Wong SHANGHAI, Oct 9 (Reuters) - China, the world's top coal importer, will levy import tariffs on the commodity after nearly a decade, in its latest bid to prop up ailing domestic miners who have been buffeted by rising costs and tumbling prices. China will levy import tariffs between 3-6 percent.
Haydn W

EU, China Reach Tentative Deal to End Telecom Equipment Tariff Threat - WSJ - 3 views

online.wsj.com/...pment-tariff-threat-1412870909

Wall Street Journal Tariff China EU

shared by Haydn W on 28 Oct 14 - No Cached
  • The European Union and China have reached a tentative deal that will end the threat of punitive import tariffs on Chinese telecommunications equipment makers
  • Chinese Minister of Commerce Gao Hucheng and the EU Trade Commissioner Karel De Gucht are expected to meet in Brussels on Oct. 18 after the Asia-Europe summit meeting in Milan to complete the agreement, an EU official said.
  • The agreement would sweep away the cloud of tariffs that has been hanging in particular over Huawei, which has become a major supplier of equipment to European telecommunications companies.
  • ...4 more annotations...
  • The European Commission, the EU’s executive arm, in 2013 said it was ready to start investigations into imports of mobile telecommunications equipment made by Huawei and ZTE, claiming the two companies received unfair subsidies from the Chinese government and were “dumping” their products onto the EU market at rock-bottom prices.
  • The agreement will create an entity to review the market-share of Chinese equipment manufacturers in the EU and European companies
  • China has also committed to further discussions on the hefty loans and loan guarantees that the government gives to Huawei and ZTE to finance their exports, mostly to the developing world, the official said.
  • That represents a modest victory for the EU in an area that is highly sensitive for the Chinese government.
  • Haydn W on 28 Oct 14
     
    The European Union have reached an agreement with China to end the threat of EU tariffs on Chinese telecommunications equipment. The tariff was going to be imposed as a form of protectionism to protect the European manufactures Ericsson, Nokia and Alcatel against the Chinese firms Huawei and ZTE. The Chinese firms are able to produce equipment cheaper than the European firms, due to more abundant natural resources, but also, crucially through subsidies from the Beijing government. The deal reached on October 9th, sees the Chinese companies granted a share of the market, but not access to it fully, as this is reserved for the European firms, to protect EU economic growth in such a tempestuous time, showing that, forms of protectionism still exist in the market, despite this agreement.
John B

William Easterly: Singing About Fighting Poverty, Slightly Off-Key - WSJ - WSJ - 1 views

online.wsj.com/...ty-slightly-off-key-1412292935

Supply-side

shared by John B on 03 Oct 14 - No Cached
  • The progress against poverty in China is obvious, but whether China's government deserves to be held up as a development model is not so clear. For instance, who gets to decide whether mainland Chinese citizens should be content with improved standards of living and so few protections against the frequent violations of their rights by their own government?
  • Extreme poverty in China has been reduced over the past few decades precisely because Beijing permitted the freedoms of a market economy to infiltrate a communism-blighted society. If the regime's repression now worsens, count on the end of the country's high growth rates.
  • Yet freedom is arguably central: first, as an end that people want for themselves, and, second, as the most well-proven path to escaping poverty. Consider among others North America, most of Europe, Australia, New Zealand, Japan, South Korea, Taiwan and Chile, where the answer to poverty was economic and political freedom.
  • John B on 03 Oct 14
     
    In this article, the author discuss the affects of the actions of the government in China. It is a modern topic today due to the demonstrations being held in Hong Kong. The authors mentions that the statement about entering a democracy, and then pulling back on the decision means that they were on the right track to get the market more free from the government, hence less poverty, but now he thinks it is gonna worsen the economical conditions. A free market has saved many economies, why should China still not give in for the human rights and improve their economy?
Aleksi B

China set to test loans, subsidies to support farmers - Economic Times - 0 views

articles.economictimes.indiatimes.com/...ckpiling-ndrc-sugar-conference

China loans farms Government subsidies

shared by Aleksi B on 09 Nov 13 - No Cached
  • BEIJING: China is set to test using loans and subsidies to support farmers from next year
  • Reduced reliance on stockpiling, which has pushed domestic prices way above international markets, would be welcomed by local firms such as sugar and cotton mills that have had to shell out more for raw materials.
  • But in driving up domestic prices, the policy has fuelled a surge in cheaper imports, benefiting overseas suppliers rather than the local market.
  • Aleksi B on 09 Nov 13
     
    This article tells us about how China will soon be experimenting granting farmers loans to help them in producing more food. With more farmers being able to borrow money they can turn that money into profit by harvesting and selling sugar, cotton, soy and corn
Yassine G

China to push creation of APEC-wide free trade zone by 2025 | The Japan Times - 1 views

www.japantimes.co.jp/...apec-wide-free-trade-zone-2025

Free-trade Asia-Pacific Growth government Production

shared by Yassine G on 15 Oct 14 - No Cached
  • China will be calling for a commitment by the leaders of the Asia-Pacific Economic Cooperation forum toward the creation of a Pacific-rim free trade area by 2025, when they meet in November, according to a draft of a post-summit leaders’ declaration
  • Referring to a “Beijing Road Map” for APEC’s contribution to the realization of a free trade area covering the Asia-Pacific region, the draft declaration says, “We affirm our commitment to the eventual realization of an FTAAP by 2025.”
  • The vision of the APEC-wide, ambitious free trade zone emerged in 2006. APEC leaders agreed in 2010 to eventually achieve it on the basis of other preceding frameworks such as the TPP, but little has been decided so far.
  • ...1 more annotation...
  • ific” and will “eliminate all barriers that hinder women’s economic participation”
  • Yassine G on 15 Oct 14
     
    This article talks about the initiative of china to create a free trade zone in the Asia Pacific region by 2025. The article talks about how this will be done and what 's in the draft. 
Mariam P

China sets 7.5% GDP target - 0 views

money.cnn.com/...china-gdp

macroeconomics activity

shared by Mariam P on 09 Mar 14 - No Cached
  • Mariam P on 09 Mar 14
     
    This article is about the GDP of China. The government is trying to keep the GDP unchanged from last year. In 2013 it was 7.7%. But now, there are some challenges facing the economy in China.
Mariam P

Copper Slumps to 44-Month Low on Concern China Demand Is Slowing - 2 views

www.bloomberg.com/...2010-on-outlook-for-china.html

aggregate demand

shared by Mariam P on 24 Mar 14 - No Cached
  • Mariam P on 24 Mar 14
     
    This article is about the changes in price of the copper in China. And how that changes affect on aggregate demand of China.
Amanda Anna G

China's Coal Tariff Prolongs the Pain--Heard on the Street - WSJ - 1 views

online.wsj.com/...heard-on-the-street-1412937687

tariffs

shared by Amanda Anna G on 21 Oct 14 - No Cached
  • China’s Coal Tariff Prolongs the Pain
  • The world’s top coal importer sent shock waves when it announced tariffs on imported coal of up to 6% Thursday.
  • China’s state media explicitly say this move is intended to protect local companies, 70% of whom are making losses as Chinese thermal coal prices have dropped 24% this year.
  • ...1 more annotation...
  • The import tariff now gives these locals the room to raise prices over the next few months. Higher prices would be supported if they can also cut production, as China’s coal industry association recently advocated.
  • Amanda Anna G on 21 Oct 14
     
    This article is about tariffs, as tariffs on imported coal of up to 6% will take place in China, in order to give local coal miners the opportunity to rise their prices as they will become more demanded. 
Clemence Lafeuille

China to invest $20bn in struggling Venezuela - 0 views

www.aljazeera.com/...enezuela-2015188152276388.html

Venezuela China foreign direct investment oil

shared by Clemence Lafeuille on 03 Mar 15 - No Cached
  • Clemence Lafeuille on 03 Mar 15
     
    This article is about China's FDI into Venezuela. Because of the recent drop in oil prices, Venezuela is suffering so China is placing FDIs in deals that include technology, housing and urban planning. The hope here is to develop a relationship between the two nations, but as we have seen in class it might not be truly beneficial to the LEDC.
Hardy Hewson

Exclusive: China ready to cut rates again on fears of deflation - sources - 6 views

www.reuters.com/...xclusive-idUSKCN0J803320141124

exchange rates interest deflation.

shared by Hardy Hewson on 25 Nov 14 - No Cached
  • Hardy Hewson on 25 Nov 14
     
    Credit: Reuters This article concerns the apparent policy decision facing China as to whether it should cut interest rates and loosen lending so as to decrease the deflation in Chinese growth. Historically China has artificially manufactured low exchange rates so as to benefit their exports to other countries. This new policy therefore represents a step away from this traditional approach.
Daniel B

Little to fear but fear itself - 0 views

www.economist.com/...-african-economies-little-fear

demand goods commodities Africa China Brazil India

shared by Daniel B on 25 Sep 13 - No Cached
  • Daniel B on 25 Sep 13
     
    Africa is or rather used to be the biggest exporter of raw materials. The demand on their commodities come mostly from China, Brazil as well as India. The cooling in economy of China causes drop in demand for oil, wood etc.
  • Yassine G on 27 Sep 13
     
    I think Africa is one of the richest continents, if not the the richest, however, unfortunately its people are amongst the poorest and least developed in the world.
Amanda Anna G

Air pollution a leading cause of cancer - U.N. agency | Reuters - 0 views

www.reuters.com/...ollution-idUSBRE99G0BB20131017

externalities-of-production

shared by Amanda Anna G on 19 Nov 13 - No Cached
  • The air we breathe is laced with cancer-causing substances and is being officially classified as carcinogenic to humans, the World Health Organization's cancer agency said on Thursday.
  • Air pollution, mostly caused by transport, power generation, industrial or agricultural emissions and residential heating and cooking, is already known to raise risks for a wide range of illnesses including respiratory and heart diseases.
  • Research suggests that exposure levels have risen significantly in some parts of the world, particularly countries with large populations going through rapid industrialization, such as China.
  • Amanda Anna G on 19 Nov 13
     
    This article relates to externalities of production, since air pollution caused by industries and transport emissions is classified to be carcinogenic to humans and raises the risk for illness. The harmful effect the industries make, causes a negative externality upon the third party- the society breathing in polluted air, who indirectly receives an extra cost by the pollution.
  • Zuzanna G on 23 Nov 13
     
    This article states that air pollution is the main cause of cancer. In terms of economics, this means that it is an external cost of production received in consumption - as the process of recovering from cancer is very costly.
fie dahl

Airbus raises demand forecast amid booming Asian market - 0 views

diigo.com/015zn1

Demand China flights

shared by fie dahl on 01 Oct 13 - No Cached
  • fie dahl on 01 Oct 13
     
    The article is about how the demand for flights in Asia - mostly China is rising. Last year 1 out of 4 people were on a flight and this will increase. Therefor the flight company Airbus has predicted that they need an increase in the amount of flights to 29,226 passenger and freighter jets in 20 years. This would have a total cost of $4.4tn.
Clemence Lafeuille

South Korea proposes 513% tariff on foreign rice after import caps scrapped - 4 views

www.chinapost.com.tw/...South-Korea.htm

tariff South Korean China quotas imports

shared by Clemence Lafeuille on 24 Oct 14 - No Cached
  • Clemence Lafeuille on 24 Oct 14
     
    This article explains how South Korea is now imposing an extremely high tariff of 513% on foreign rice (mainly from China) on top of the already existing quotas to try to protect the domestic market even more
Daniel Soto Aggard

No free pass for China's own on coal tariffs - 2 views

www.afr.com/...on_coal_pAotgc6A58TIbMG3vXrG0J

China Australia Coal Tariffs Quotas

shared by Daniel Soto Aggard on 27 Oct 14 - No Cached
  • Daniel Soto Aggard on 27 Oct 14
     
    This article discusses the tariffs on Chinese coal exports from Australian coal mines to China. It discusses how it protects the local Chinese coal industry and how it affects Yancoal (the exporting coal company) exports.
Aleksi B

India Plans Price Controls on Patented Drugs - WSJ.com - 0 views

online.wsj.com/...390443819404577633070809995582

india price controls drugs

shared by Aleksi B on 17 Nov 13 - No Cached
  • India plans to widen the scope of price controls on pharmaceuticals
  • The new proposals would extend price restrictions beyond generic medicines to apply for the first time to patented drugs
  • The plans come as Bayer AG BAYN.XE -0.17% Bayer AG Germany: Xetra €94.89 -0.16 -0.17% Nov. 15, 2013 5:35 pm Volume : 2.67M P/E Ratio 25.24 Market Cap €78.47 Billion Dividend Yield 2.00% Rev. per Employee €363,176 10/31/13 Bayer Boosted by New Drugs 09/13/13 Bayer Under Scrutiny in China More quote details and news » BAYN.XE in Your Value Your Change Short position is fighting an order from India's patent authority that required the Germany company to issue a license allowing an Indian generic-drug company to sell a less expensive copy of Bayer's patented cancer drug Nexavar.
  • ...3 more annotations...
  • India sets prices for 74 generic medicines and is considering increasing the number of medicines covered by price caps to 348
  • Any attempt to restrict prices of patented drugs likely will rankle foreign pharmaceutical companies
  • The move raised fears in India that without price controls patented drugs might be unaffordable for a majority of the country's 1.2 billion people.
  • Aleksi B on 17 Nov 13
     
    The article explains on how India are planning to put price controls on their drugs making them go for lower prices so that people can afford them.
Marenne M

Apple's 9 million iPhone weekend: The good and bad - CBS News - 1 views

www.cbsnews.com/...phone-weekend-the-good-and-bad

Demand

shared by Marenne M on 30 Sep 13 - No Cached
Clemente F liked it
  • the stock closed last Friday at $467, well off the 52-week high of $705
  • 5C as an attempt to shore up the low end of the market
  • expand market share
  • ...6 more annotations...
  • price of the 5C, starting at $99 for what a U.S. consumer would pay with a two-year service commitment with a mobile carrier, was nowhere near low enough
  • more price sensitive
  • missed its opportunity to improve its standing in such important markets as China and India
  • a small share would be a significant boost over previous years
  • sold out virtually everywhere
  • old out customer satisfaction and convenience to fuel its need for PR
  • Marenne M on 30 Sep 13
     
    This article describes the sales of the new Iphone 5s and 5c over the first weekend. They had a great number of sales, however the demand for the Iphone 5c is not what they expected. It is said that the price is still too high for their target market. Apple was hoping to expand their market into Asia by producing a cheaper version of the IPhone in order to increase their market share, however it is likely that they will fail to do so, because the demand will remain low as the product is still not affordable for many Asians. Relating to our question of the week, the price helps allocate a product in the free market because it determines who the target market is, and if the pricing is off, it will effect the efficiency of the sales.
  • Marenne M on 30 Sep 13
     
    This article describes the sales of the new Iphone 5s and 5c over the first weekend. They had a great number of sales, however the demand for the Iphone 5c is not what they expected. It is said that the price is still too high for their target market. Apple was hoping to expand their market into Asia by producing a cheaper version of the IPhone in order to increase their market share, however it is likely that they will fail to do so, because the demand will remain low as the product is still not affordable for many Asians. Relating to our question of the week, the price helps allocate a product in the free market because it determines who the target market is, and if the pricing is off, it will effect the efficiency of the sales.
Dina B

Supply of copper set to outstrip demand - 0 views

www.ft.com/...ff-11e3-b991-00144feab7de.html

Demand supply China price mechanism

shared by Dina B on 09 Oct 13 - No Cached
  • Dina B on 09 Oct 13
     
    This FT article talks about how the price of cooper is dropping, therefore, the supply is higher. However, the demand is still decreasing.
Clemente F

China says to resume levying of import tariffs for coal - 5 views

articles.economictimes.indiatimes.com/...g-coal-tariffs-non-coking-coal

tariff

shared by Clemente F on 01 Nov 14 - No Cached
  • Clemente F on 01 Nov 14
     
    This article talks about article resuming levying of import tariffs for coal.
John B

Large fishing nations fail to agree to deep cuts in Pacific tuna quotas | Environment |... - 2 views

www.theguardian.com/...g-nations-fail-cut-tuna-quotas

quota

shared by John B on 24 Oct 14 - No Cached
  • The 33 member states of the commission, which is tasked with ensuring sustainable fishing, negotiated a proposal to reduce the amount of yellowfin and bigeye tuna, which is regularly used in sashimi and sushi, by 2018.
  • The US, China, South Korea, Japan, Indonesia and Taiwan are responsible for 80% of bigeye tuna caught each year. In 2012, a record 2.6m tonnes of tuna was hauled from the Pacific – 60% of the global total.
  • “The big nations are the disappointing ones, given that they’ve refused to take cuts in their quota,” said Amanda Nickson
  • ...2 more annotations...
  • Large fishing vessels will also now have to carry unique identification numbers, similar to passenger and cargo ships. The move is aimed at reducing illegal and unreported fishing.
  • Although there has been progress on some measures, it’s disappointing to see the commission fail on its core objective, which is to ensure sustainable fishing.
  • John B on 24 Oct 14
     
    This article deals with the quota put on the big nation's extreme fishing. The problem is that the nations ignore the quota and therefore there are species that are on their way to becoming extinct.
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