Posts filed under ‘Reports’

China Gains Confidence in Recovery

BEIJING—China’s recovery is becoming broader and potentially more sustainable, a shift that could provide better support for a still-fragile global economy. Reinforcing those signs is a change of tone from China’s cautious government, which is now becoming more confident in a solid rebound.

Economic data released Thursday showed China’s gross domestic product growing by 8.9% from a year earlier in the third quarter, following the 7.9% gain in the second quarter. The expansion in industrial output, the backbone of the manufacturing-heavy economy, accelerated further to 13.9% in September from 12.3% in August. (By ANDREW BATSON, The Wall Street Journal, 10/22/09)

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October 26, 2009 at 8:00 am

25-Nation Pew Global Attitudes Survey

Presents survey findings from twenty-five countries on views of the United States, Barack Obama, the major powers, European leaders, trade and globalization, economic issues, extremism, environmental issues, the swine flu, and the publics’ own lives.

Source:Pew Charitable Trusts
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September 7, 2009 at 8:00 am

USITC RELEASES SHIFTS IN U.S. MERCHANDISE TRADE 2008

Merchandise Trade Deficit Grew 3 percent; Imports Up 8 percent; Exports Up 12 percent in 2008

Shifts in U.S. Merchandise Trade 2008, an annual compendium of data and analysis examining changes in trade with key U.S. partners and in crucial U.S. industries, was released on August 3rd, 2009 by the U.S. International Trade Commission (USITC).

The report examines:
– how trends in U.S. trade compare with trends in other major industrialized countries;
– what the United States exported to China and what it imported in return; and
– how increasing energy prices affected U.S. trade.

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August 5, 2009 at 8:00 am

RESTRICTIONS HAMPER EFFORTS OF U.S. PROPERTY AND CASUALTY INSURANCE PROVIDERS TO EXPAND INTO FOREIGN MARKETS

U.S. property and casualty insurance services providers are hampered in their efforts to expand abroad by nontariff measures employed by many countries, and even a small reduction in such measures could increase both cross-border insurance exports and affiliate sales significantly, reports the U.S. International Trade Commission (USITC) in its report Property and Casualty Insurance Services: Competitive Conditions in Foreign Markets (USITC, April 27, 2009).

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April 27, 2009 at 4:01 pm

CHINA’S GROWTH RECESSION &POLICY RESPONSE

Global demand for manufactured goods has fallen in the wake of the world-wide financial crisis and ensuing G-7 consumption slowdown. This drop in demand has pushed China’s economy to the brink of a “growth recession” –conventionally defined as a period of weak economic growth and rising unemployment.

To combat this, China’s government has utilized a combination of policy tools aimed at:
• Fiscal: Promoting domestic investment through public infrastructure development;
• Monetary: Loosening credit, particularly to state-owned enterprises; and
• Other: Extending export rebates and incentivizing real estate transactions.

There are several indications of an economic slowdown in China (see figures below). Recent reports of
labor market penetration problems and plant closings in thousands of textile, apparel, hardware, and
electronics firms, suggest that urban unemployment may rise above last official estimates of 4.2% (USITC Executive Briefings on Trade March 2009, A. Hammer, Office of Economics)

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April 6, 2009 at 2:00 pm

New Report Available: Common Challenge, Collaborative Response: A Roadmap for U.S.-China Cooperation on Energy and Climate Change

Outlines the climate change and energy security issues both nations face and proposes a comprehensive program of sustained, high-level collaboration to build low-carbon economies and reduce greenhouse gas emissions. Lists priority areas and first steps (Asia Society; Pew Center on Global Climate Change
Garrett, Banning; Joanna Lewis; published in January 2009).

Download the report

April 2, 2009 at 1:12 pm

Estimating the Price Effects of Non-tariff Measures

In a new report providd by the office of Econommics, U.S. International Trade Commission, a team of experts reviews the role of non-tariff barriers (NTBs). NTBs are difficult to quatify and negotiate. In this paper the authors offer policymakers a new method for quantifying NTBs by estimating price effects.

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February 9, 2009 at 6:49 pm

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Travel with the Northern Kentucky Chamber in 2012

Peru - August 12-20, 2012
To learn more about the program, please email Kyle Horseman or call 859.426.3653.

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