. Earth Science News .

Obama celebrates return of jobs from China
by Staff Writers
Milwaukee, Wisconsin (AFP) Feb 15, 2012

A day after telling China's next leader his country must play by global economic rules, President Barack Obama Wednesday celebrated the return of US jobs from the vast Asian economy.

Obama, seeking to boost manufacturing in key swing states hit by high unemployment as he cranks up his reelection campaign, touted plans to offer tax breaks to companies which bring jobs home from low-wage economies abroad.

He appeared at a plant making padlocks for Master Lock in the midwestern state of Wisconsin, which has recently returned around 100 jobs that were once offshore back to the United States.

"Over the last few years, it's become more expensive to do business in countries like China," Obama said.

"Meanwhile, American workers -- we have become even more productive."

"For the first time in 15 years, this plant is running at full capacity.... Today, you're selling products directly to customers in China stamped with those words: "Made In America."

Obama unveiled a package of proposals in his State of the Union address last month to boost American manufacturing and create jobs.

The president wants to cancel tax breaks for firms that outsource jobs, require multinational companies to pay a basic tax, and lower taxes for firms that hire workers in the United States.

He also seeks to double tax deductions for US-made products and to provide financing for new plants, equipment or training for workers in firms that set up shop in areas hit hard by economic turmoil.

"You've all heard enough about outsourcing. More and more companies like Master Lock are now insourcing," Obama said, arguing rising costs in China meant that US-based firms were increasingly competitive.

The president warned however that due to globalization and changes in the labor market, partly brought about by emerging developing economies, not all American jobs would come home.

"In a global economy, some companies are always going to find it more profitable to pick up and do business in some other part of the world. That's just a fact," Obama said.

Obama met China's likely next leader Xi Jinping in the Oval Office on Tuesday and his warm and courteous reception did not mask sharp differences between Washington and Beijing on economic and geopolitical issues.

"We want to work with China to make sure that everybody is working by the same rules of the road when it comes to the world economic system," Obama said, as Xi sat by his side ahead of their Oval Office talks.

"That includes insuring that there is a balanced trading flow not only between the United States and China but around the world," Obama said.

Related Links
Global Trade News

Get Our Free Newsletters Via Email
Buy Advertising Editorial Enquiries

Costs, IPR top concerns for US firms in China
Shanghai (AFP) Feb 15, 2012 - US companies in China said rising costs and violations of intellectual property rights hurt their businesses last year, a survey showed Wednesday, despite repeated official pledges to stamp out piracy.

The survey of more than 300 firms by the American Chamber of Commerce in Shanghai also found executives were less optimistic about their businesses in China than a year ago, despite nearly 80 percent saying they were profitable.

Executives said rising costs were the biggest challenge to doing business in China. More than 90 percent said higher costs for labour and materials were hindering their business, threatening China's competitive advantage.

The results of the annual survey were released as US President Barack Obama called on China to play by the "same rules" during a visit to Washington by Chinese Vice President Xi Jinping.

About 51 percent of the respondents said infringements of their intellectual property rights had been a "hindrance" to their business, an issue foreign companies and governments have long-complained about in China.

"Despite continued concerns over IPR theft, piracy and other violations... China has made little improvement in IPR enforcement and protection," the chamber said in the report.

Nearly two-thirds of companies said enforcement of intellectual property rights did not improve over the past year.

China has repeatedly defended its efforts to crack down on piracy and copyright infringement in the vast country and regularly launches high-profile campaigns against fake products in a bid to silence critics.

Foreign ministry spokesman Liu Weimin said Wednesday that the government had made efforts to crack down on violations of intellectual property.

"At the same time, we also hope foreign companies investing in China will recognise the fact that China is a vast country and it takes time to make greater achievements in this field," Liu told a regular briefing.


. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Obama presses next China leader on 'rules'
Washington (AFP) Feb 14, 2012
US President Barack Obama on Tuesday urged China to play by the "same rules" in the global economy but voiced hope for cooperation in a key introductory meeting with leader-in-waiting Xi Jinping. China's vice president, who is expected to take the helm next year, largely focused on the positive on his closely watched US visit. He pledged in general terms that China would improve its widely c ... read more

Fukushima faces increased quake risk - study

Japan's Fukushima reactor may be reheating: operator

Top US general meets Egypt's Tantawi amid NGOs row

Bird numbers drop around Fukushima

Lockheed Martin-Built Milstar Satellite Surpasses 10-Year On-Orbit Design Life

Space debris in the spotlight

A mineral way to catalysis?

Cisco appeals EU's Microsoft-Skype merger approval

Reform of EU fishing quotas urged

Engage China in water dialogue: Experts

Ocean microbe communities changing, but long-term environmental impact is unclear

Ocean warming causes elephant seals to dive deeper

Fish of Antarctica threatened by climate change

Despite Nobel tiff, Oslo backs China Arctic Council entry

NASA Mission Takes Stock of Earth's Melting Land Ice

CU-Boulder study shows global glaciers, ice caps, shedding billions of tons of mass annually

New Zealand court suspends farm sale to Chinese firm

Use space technology for food security: Former ISRO chief

Rainfed-dryland farming needs more investment

Hatchery fish mask the decline of wild salmon populations

Quake hits eastern Japan: nuclear plant stable

Buildings may be 'cloaked' from earthquake

Flood-weary suburb keen to vote for change in Senegal polls

Death toll from Madagascar cyclone rises to 16

Soldier killed in fresh clashes in southern Senegal

Sudanese air strike hits S Sudan, breaking pact: army

Nigeria army kills 12 suspected Islamists in flashpoint city

Inter-ethnic fighting displaces 40,000 in Kenya

Neanderthal demise due to many influences, including cultural changes

Why the brain is more reluctant to function as we age

Cutting-edge MRI techniques for studying communication within the brain

Entire genome of extinct human decoded from fossil

Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement