US-China Trade Update 3-23-2012: U.S. Support

As US solar panel producers have the support of the Obama administration in the seven-company protesting coalition, the U.S. has also weighed in to support the countervailing investigation into high-pressure steel cylinders from China. The U.S. Department of Commerce made a supplementary ruling, demanding an increase in duty for Chinese exporters to 24.21 percent.

All this and much more in this week’s U.S. China update.

Contents
Trade
Global Relations
Economy

Trade

In the News: Obama to support US complaint on Chinese solar imports
China Economic Review, Tuesday, March 20, 2012
“The Obama administration is expected to weigh in to support US solar panel producers in the seven-company coalition protesting subsidies and dumping by Chinese solar manufacturers, Reuters reported.” Read More

In the News: US raises duty on steel cylinders
China Daily, March 20, 2012
“The US Department of Commerce recently made a supplementary ruling over the countervailing investigation into high-pressure steel cylinders from China demanding an increase in duty for Chinese exporters to 24.21 percent.” Read More

Commentary: Challenging China's Trade Practices
Council on Foreign Relations China , March 15 2012
The United States, the European Union, and Japan filed a "request for consultations" with China (LAT) at the World Trade Organization this week over its restrictions on exporting rare earth metals. China supplies more than 90 percent of the world's demand for the rare metals" Read More
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Global Relations

Commentary: Establishing Credibility and Trust
Institution, March 16, 2012
“The U.S.-China relationship seems certain to be a dominant issue in any foreign and defense policy debate during the 2012 presidential campaign. Although foreign policy in general appears unlikely to become a major focus of this year’s election,” Read More
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Economy

In the News: China Catches Up With Market in Fuel Price Hike
Wall Street Journal China Real Time Report, March 20, 2012
“China’s latest fuel price hikes are giving its oil majors a little breathing room.The National Development and Reform Commission said Monday it would raise domestic retail fuel prices” Read More

In the News: China's mobile multimedia network biggest
China Daily, March 20, 2012
“China has created the world's biggest mobile multimedia broadcasting network, serving 336 cities with 16 million paying subscribers, said Wang Gengnian, director-general of China Radio
International, who is also a high-level official with the State Administration of Radio Film and Television in China.” Read More

Commentary: The sacking of Bo Xilai
The Economist, March 17, 2012
“Late this year, the world’s two biggest powers will each choose their leaders. The way America does it looks messy and inefficient. China’s bureaucratic method, by contrast, is designed to provide a smooth transition and a continuity of policy.” Read More

Commentary: Fears of a hard landing : China ran a massive trade deficit in February. What does it say about the economy?
The Economist,
March 17, 2012
“China is routinely accused of exporting too much. Its foreign sales far exceed its foreign purchases, often by a wide margin. This chronic surplus angers many. This week President Barack Obama signed a bill that restores his administration’s power.” Read More

Commentary: Gasoline Prices and Electoral Politics in the Age of Unconventional Oil
Peterson Institute for International Economics, March 13, 2012
“With average US gasoline prices approaching $4 per gallon, markets are trying to gauge the impact of high oil costs on a fragile US economic recovery. Some analysts have argued that surging unconventional oil production in North America will make this price spike less harmful than those in the past. But for the political class, it’s not the nationwide picture that.” Read More
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