Category Archives: China
China Builds Stakes in Top U.S. Firms
David Barboza and Keith Bradsher
Flush with cash despite the global economic downturn, China’s sovereign wealth fund quietly snapped up more than $9 billion worth of shares last year in some of the biggest American corporations, including Morgan Stanley, Bank of America and Citigroup.
Although most of the stakes were small, China Investment Corp., the government’s $300 [...]
Senators Introduce Children’s Jewelry Legislation
Senators Introduce Children’s Jewelry Legislation
Several prominent lawmakers are trying to stop the use of cadmium in children’s jewelry, following reports that Chinese manufacturers are liberally substituting the dangerous metal in place of safer alternatives, like zinc. The legislation, called the Safe Kid’s Jewelry Act, would ban cadmium, barium and antimony from jewelry marketed [...]
China finds 170 more tons of tainted milk powder
CARA ANNA, Associated Press Writer
BEIJING – The discovery has punched a 170-ton hole in China’s promises to overhaul its food safety system. Officials say they’ve found yet another case where large amounts of tainted milk powder from the country’s 2008 scandal that should have been destroyed were instead repackaged.
China ordered tens of thousands of [...]
China announces anti-dumping steps on US chicken
Companies:
Tyson Foods Inc.
On Friday February 5, 2010, 1:46 am EST
BEIJING (AP) — China announced anti-dumping duties of up to 105.4 percent Friday on imports of U.S. chicken products, adding to trade strains with Washington.
The case comes amid mutual accusations of protectionism by Beijing and Washington which both say will hurt efforts to end the global [...]
Senator seeks information on tech firms in China
By JOELLE TESSLER, AP Technology Writer Joelle Tessler, Ap Technology Writer Tue Feb 2, 9:45 pm ET
WASHINGTON – A top Senate Democrat is asking 30 leading technology, Internet and communications companies to provide detailed descriptions of their operations [...]
More melamine-tainted milk products found in China
BEIJING – Melamine-tainted dairy products were pulled from convenience store shelves in southern China more than a year after hundreds of thousands of children had been sickened in a massive milk safety scandal, a government spokeswoman said Monday.
The announcement calls into question the effectiveness of a crackdown launched by Chinese officials [...]
Economists Seek to Fix a Defect in Data That Overstates the Nation’s Vigor
By LOUIS UCHITELLE
WASHINGTON — A widening gap between data and reality is distorting the government’s picture of the country’s economic health, overstating growth and productivity in ways that could affect the political debate on issues like trade, wages and job creation.
The shortcomings of the data-gathering system came through loud and clear here Friday and Saturday [...]
Toxic metal found in kids’ jewelry very dangerous
JUSTIN PRITCHARD, Associated Press Writer
Cadmium is a soft, whitish metal that occurs naturally in soil. It’s perhaps best known as one half of rechargeable nickel-cadmium batteries, but also is used in pigments, electroplating and plastic.
Lab testing organized by The Associated Press shows that it also is present in children’s jewelry — sometimes at eye-popping [...]
Chinese Slapped in Steel Dispute
Trade Panel Rules That Subsidized Imports Damaged the U.S. Industry
By KRIS MAHER and HENRY J. PULIZZI
AP/Getty images
A labourer works at a steel plant in Huaibei in eastern China’s Anhui province.
U.S. steelmakers won a case over Chinese steel imports, as the U.S. International Trade Commission voted that the domestic industry has been damaged by subsidized steel [...]
RC2 Corp. to pay $1.25 million penalty for selling Thomas & Friends toys containing lead
Laurie Kellman, Associated Press Writer
WASHINGTON (AP) — An Illinois firm agreed to pay a $1.25 million settlement for importing and selling Thomas & Friends children’s toys that contained lead levels above legal limits and risked sickening children.
In agreeing to the penalty settlement, RC2 Corp. denied that it knowingly violated federal law as alleged by the [...]