• TN-China Network Blog

    News Highlights from TNCN Social Media

    See below for some recent TN-China news articles posted on TNCN social media. To get faster updates, follow TNCN on FacebookTwitter, and LinkedIn.

     

    US launches another trade case against China 

    The Economic Times – Jun. 13, 2018 – “The latest complaint, lodged by US manufacturers in Ohio and Tennessee, argues that China is dumping and unfairly subsidising the steel cylinders”

    To read the full article, click here.

     

    Winners and losers: What metal tariffs may mean for Memphis

    Memphis Business Journal – Jun. 12, 2018 – “To find out what these new tariffs may mean for Memphis, the Memphis Business Journal spoke with University of Memphis Assistant Professor of Economics Joonhyung Lee and Baker Donelson trade attorney John Scannapieco.”

    To read the full article, click here (paywall).

     

    Trump’s tariffs will have ‘ripple impact’ on Tennessee auto sector

    Tennessean – May 31, 2018 – “U.S. Senator Lamar Alexander, a Tennessee Republican, denounced the tariffs Thursday and said they would hurt the Tennessee workforce.

    “’This is a big mistake,’ Alexander said in a statement. ‘These tariffs will raise prices and destroy manufacturing jobs, especially auto jobs, which are one third of all Tennessee manufacturing jobs.'”

    “Matt Meenan, senior director of public affairs for the Aluminum Association, said his organization supports trade action on China, but not on the U.S. allies targeted for these tariffs.”

    To read the full article, click here.

     

    China’s first current account deficit for 17 years ‘could signal fundamental shift’

    South China Morning Post – May 4, 2018 – “This key source of hard currency for Beijing is starting to dry up. The merchandise trade surplus dropped 35 per cent year-on-year to US$53.4 billion in the first three months of this year, SAFE said. Meanwhile, the service trade deficit, including tourism, was US$76.2 billion, resulting in an overall current account deficit, according to China’s official balance of payment figures.”

    To read the full article, click here.

     

    In Trade Talks, China Is Too Clever By Half

    Bloomberg – Apr. 29, 2018 – “[A]s is often the case in China, how things appear on the surface is not actually how they are. That’s especially true with China’s recent market reforms….The real beneficiary of China’s proposals is China.”

    “A classic example is the recently announced deregulation in the automobile sector. Beijing promised to eliminate a requirement that overseas car makers form joint ventures with Chinese partners to manufacture cars locally. For electric vehicles, that restriction could be dropped as early as this year. Some international firms will benefit by being able to set up wholly owned operations, most of all Tesla Inc.

    “But that’s not the real purpose of the change. Electric vehicles are a targeted industry in China, marked for special support in the nation’s ‘Made in China 2025’ industrial program….I’ll let Bill Russo, founder of Shanghai consultancy Automobility, explain: The reform ‘eliminates the only reason that may block global EV manufacturers and suppliers from investing in China capacity, making China the odds-on winner in the global race to electric transportation.’

    “It’s notable that the joint-venture rule for regular cars will be lifted far more slowly. Unlike new energy vehicles, old-fashioned combustion engine cars aren’t a priority. And even when the reform actually happens, it won’t make much difference. The JVs have been so entrenched for so long that, at this stage, it probably isn’t in the interests of foreign companies to change the status quo.”
    ….
    “The danger is that Team Trump will accept Chinese reform proposals at face value, eager to proclaim victory. But the details matter.”

    To read the full article, click here.

     

    A City in China Wants to Be the Next Music City. Nashville Is Showing Them How.

    Tennessean – Apr. 6, 2018 – “[T]ake a gander all the way at Chengdu, China, which is investing hundreds of millions of dollars to build a music-fueled entertainment district that would mimic what Music City has organically accomplished over decades.

    “In recent years, a pipeline between music industry executives in Nashville and business and government leaders in Chengdu has quietly developed.

    “Music Row executives have been hosted on trips where Chengdu officials have unveiled their vision for their own music corridor called the Chengdu Musical Fun district. The two cities have discussed joining through the international Sister Cities program as well.”
    ….
    “Charles Li, a Chengdu native co-owns a Nashville-based consulting business called Crosspointe International Consulting, outlined the advantages of the city’s musical makeover. Li and his partner Hsing Liu have been at the forefront of connecting leaders from the two cities in recent years, including hosting a delegation from Chengdu in Nashville in early February.”

    To read the full article, click here.

     

    East Tennessee farmers concerned about Chinese tariffs

    WATE – Apr. 3, 2018 – “Farmers across the country are worried after China slapped a tariff on more than 100 U.S. products in retaliation for President Trump’s new imposed tariffs. Those include wine, pork and steel pipes. Some of the tariffs were raised by 25 percent. These import duties add up to $3 billion and China is also hinting at a possible tariff on other products, like soybeans.”

    To read the full article, click here.

     

    What Newly Proposed Tariffs On China Mean For The U.S. Business Community

    National Public Radio – Mar. 22, 2018 – “NPR’s Audie Cornish talks with Erin Ennis, Vice-President of the US-China Business Council, about the White House proposal for tariffs on China. She talks about how the proposed tariffs concern American companies doing business with China.”

    ENNIS: “So I think the important thing to keep in mind is what the origin was of what was happening today, and that is an investigation that was launched back in August to look into China’s protection of intellectual property rights and their requirements to transfer technology to do business in China. These are really important issues for American companies, and they want to see solutions to these problems.”

    ENNIS: “Part of the reason why tariffs are such a challenging tool to use to address a policy issue is that in general, when you’re talking about intellectual property rights, the companies that have issues aren’t necessarily the companies that are dealing with the imports that are affected by them. So companies right now are considering what their supply chains look like and trying to figure out what an impact might be of a tariff on a particular product that they get either in whole or in part from China.”

    To listen to the full audio or read the full transcript, click here.

     

    Meet the Chinese Billionaire Who Opened Shop in Ohio

    VICE News – Mar. 20, 2017 – “This past October, Cao Dewang, a billionaire from China, opened a new factory in Moraine, Ohio. We meet Dewang in Moraine, where he gives us a tour of the factory, and talks to us about his decision to open it, the business climate in the U.S. and the differences between American and Chinese workers (over lunch at a nearby Chinese restaurant he likes). We also talk to a factory worker who used to work for GM, but is happy about his new gig, and the mayor of the town, which suddenly has thousands more jobs than it did less than a year ago.”

    To view the full video, click here.

     

    Xi Won’t Go | A ChinaFile Conversation

    ChinaFile – Feb. 25, 2018 – “In a surprise Sunday move, Beijing announced that the Communist Party leadership wants to abolish the two-term limit for China’s president and vice president, potentially paving the way for China’s 64-year-old President Xi Jinping to stay in power indefinitely. What does this mean for Chinese politics, political reform, and relations with the rest of the world?”

    To read the full conversation between China experts, click here.

     

    PART 1: Innovate Pets looked in five counties for just the right building

    Teknovation – Feb. 7, 2018 – “This is the first article in a two-part series describing one of the area’s newest manufacturers that is part of an effort to bring manufacturing back to the U.S. To do so, the team behind Innovate Pets had to scour East Tennessee to find a suitable building. Part 1 describes that process.”

    To read the full article, click here.

     

    PART 2: Innovate Pets ramps-up production in new Loudon facility

    Teknovation – Feb. 8, 2018 – “This is the final article in a two-part series describing one of the area’s newest manufacturers that is part of an effort to bring manufacturing back to the U.S. After finding and building-out a suitable building, the Innovate Pets team recently began selling its new product.”

    To read the full article, click here.


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