Chart usGOLD   Chart usSILVER  
 
Food for thought
Torah of Economics : There is no such thing as a free lunch, and all the rest is merely explanation
Milton Friedman  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1373.50-14.90
Silver 22.43-0.25
Platinum 1455.50-25.00
Palladium 745.603.35
WORLD MARKETS
DOWJONES 1540671
NASDAQ 350811
NIKKEI 1538120
ASX 5156-29
CAC 40 403613
DAX 847216
HUI 256-5
XAU 97-3
CURRENCIES (€)
AUS $ 1.3148
CAN $ 1.3246
US $ 1.2899
GBP (£) 0.8512
Sw Fr 1.2523
YEN 132.3550
CURRENCIES ($)
AUS $ 1.0192
CAN $ 1.0268
Euro 0.7752
GBP (£) 0.6600
Sw Fr 0.9706
YEN 102.6090
RATIOS & INDEXES
Gold / Silver61.23
Gold / Oil14.27
Dowjones / Gold11.22
COMMODITIES
Copper 3.34-0.02
WTI Oil 96.25-0.46
Nat. Gas 4.190.10
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Universal Truth
Published : May 24th, 2012
257 words - Reading time : 0 - 1 minutes
( 2 votes, 5/5 ) Print article
 
    Comments    
Tweet
Keywords :   China | France | Global | Global Economy | Government |

 

 

 

 

Everybody's against protectionism --

 

"China Slams US Over 'Protectionist' Solar Cell Duties" (Agence France-Presse)

 

BEIJING — Beijing on Friday blasted a "protectionist" US decision to slap hefty anti-dumping duties on Chinese solar cell makers, the latest barb in a series of trade rows between the global economic powers.

 

The US Commerce Department on Thursday imposed levies of between 31 and 250 percent on Chinese producers and exporters after saying it had found they sold solar cells in the United States at artificially low prices, known as dumping.

 

But commerce ministry spokesman Shen Danyang said: "Such practices... do not fit with the fact that Chinese enterprises are market economy participants, and highlight the United States' tendency towards trade protectionism.

 

"The US ruling is unfair and China is extremely dissatisfied."

 

Chinese solar cell companies on Thursday criticised the US move. --

 

except when they are doing it --

 

"Gov't Departments Told to 'Buy Chinese'" (China.org.cn)

 

China's central government departments have been told to buy made-in-China products when making government procurements, Xinhua reported.

 

China's Ministry of Finance (MOF) said in a statement Tuesday that central government departments should also procure energy-saving and environmentally-friendly products as well as authentic software.

 

The statement reiterated the strict regulations which exist governing the purchase of imported products. The statement also suggested that it should be made illegal to purchase imported items which are produced by fully developed domestic industries.

 

As the global economy continues to deteriorate, expect to see a lot more of this from the Chinese -- and everybody else.

 

Michael J. Panzner 

 

 

 

Data and Statistics for these countries : China | France | All
Gold and Silver Prices for these countries : China | France | All
Tweet
Rate :Average note :5 (2 votes)View Top rated
Previous article by
Michael J. Panzner
All articles by
Michael J. Panzner
Next article by
Michael J. Panzner
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
MOST READ
TOP RATED
MOST COMMENTED
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis
Get Investor Information
High Desert Gold
Select
& click

Michael J. Panzner

Michael J. Panzner is a 25-year veteran of the global stock, bond, and currency markets and the author of Financial Armageddon: Protecting Your Future from Four Impending Catastrophes, published by Kaplan Publishing.
Michael J. Panzner ArchiveWebsiteSubscribe to his services
Most recent articles by Michael J. Panzner
2/18/2013
2/16/2013
2/13/2013
1/7/2013
12/19/2012
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer