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Commerce Secretary speaks about the National Export Initiative |
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Friday, 26 February 2010 09:27 |
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On Feb. 4, Commerce Secretary Gary Locke spoke to the National Press Club about the National Export Initiative (NEI). The Initiative was announced by President Obama in his State of the Union address. The goal of the National Export Initiative is to double American exports over the next five years and support two million American jobs.
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Just Call Me "Three F Li" |
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Friday, 26 February 2010 09:12 |
Narrated by Li Yining, collated by China Today staff reporter Liu Qiong
Li Yining is a well-known Chinese economist with an impressive set of responsibilities. Currently he is president of the Market Economy Academy of Peking University, honorary president of the Guanghua School of Management of Peking University (and its doctoral supervisor for work related to national economic policies), member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), and deputy director of the Subcommittee of Economy of CPPCC. Li Yining didn't start out thinking of himself as a "numbers guy." Born in 1930, his earliest career aspirations were to "bring salvation to the people through science" and "rejuvenate the nation through industry."
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Federal Reserve Bank of Minneapolis names new research director |
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Friday, 26 February 2010 08:58 |
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The Federal Reserve Bank of Minneapolis has named Dr. Kei-Mu Yi its director of research to replace Dr. Arthur J. Rolnick, who will retire July 31, 2010. Yi, currently vice president and head of Monetary and Macroeconomic Research at the Federal Reserve Bank of Philadelphia, will become senior vice president and director of research for the Federal Reserve Bank of Minneapolis on Aug. 16, 2010.
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Minnesota exports drop by 17 percent in third quarter |
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Saturday, 30 January 2010 10:12 |
Reflecting a weak world economy, Minnesota’s manufactured exports were valued at US$3.7 billion in the third quarter of 2009. Exports fell by 17 percent (US$757 million) since the third quarter of 2008. U.S. exports fell by 21 percent.
Among the 20 largest exporting states (Minnesota ranks 20th), Minnesota had the fifth-smallest export decrease, behind Kentucky with the smallest decline (2 percent), and Texas, Indiana and Tennessee with the next-smallest declines (15 percent). Utah (14 percent growth to US$2.7 billion, ranked 26th) and Wyoming (4 percent to US$242 million, ranked 47th) were the only states to experience positive export growth during this period.
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Foreign investment doubles in December |
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Wednesday, 27 January 2010 09:29 |
By Ding Qingfen, China Daily
Foreign direct investment (FDI) to China more than doubled in December, in the latest sign of economic recovery in the world's fastest-growing economy.
FDI skyrocketed by 103.1 percent from a year earlier to [US]$12.14 billion, compared to the 32 percent year-on-year growth in November, the Ministry of Commerce said on [Jan. 15].
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