The U.S.-China Economic Security Review Commission issued a report this week that documents the significance of U.S. aerospace companies’ assistance in the development of China’s growing aerospace industry. The report, authored by the Rand Corporation, finds that, “Foreign involvement in China’s civil aerospace sector has unquestionably contributed to its development and thus to the development
Read moreGE’s recent announcement that it would be finalizing plans for a joint venture with China-owned AVIC to produce avionics systems is another example of how other countries demand the transfer of technology and production from Western companies. For years, the IAM has sounded the alarm about giving away our jobs and leading-edge technology to other
Read moreChinese President Hu Jintao is expected to visit Washington, DC, next week to meet with President Obama and other administration officials. One key issue he is slated to discuss is China’s undervalued currency. For years, China has manipulated its currency – keeping it somewhere between 20 and 40 percent lower than the U.S. dollar. This
Read moreThe IAM faulted British Petroleum (BP) this week for ordering the use of low-cost repair facilities in China to modify critical safety equipment on the Deepwater Horizon rig in the Gulf of Mexico. According to The Observer, BP ordered the use of a Chinese repair facility to overhaul the rig’s blow-out preventer, a device that
Read moreThe U.S. won the coveted title of “worldwide leader in manufacturing output” last year, say researchers. We may even win this year. But a new report by IHS Global Insight, a U.S.-based economic consulting firm, shows China is slated to take the crown by 2011. The report shows the value of goods produced by China’s
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