America's trade policies have caused grave harm to our country. It's time for a new policy that will bring prosperity and security to America.
Michael Stumo, CEO
[Editors note: This article shows a glimpse of how China manipulates its value added tax (VAT) rebate system to incentivize exports in certain products. Chinese firms can sell at or below cost, and make money on the government VAT rebate check.]
[by Annie Li | October 16, 2014 | Daily Media Report of the American Iron and Steel Institute]
China’s Ministry of Finance... Read more
Massachusetts is awarding a contract to build rail cars to CNR Changchun Railway Vehicles, a Chinese state-owned company, a subordinate of China CNR Corporation Ltd. The company will do final assembly of the cars in Massachusetts.