Minnesota exports, including agricultural, mining and manufactured products, grew to US$5.1 billion in the fourth quarter of 2011, a fourth-quarter record that was 1.4 percent higher than the same quarter a year ago. The national export growth rate was close to 11 percent. Six states experienced decreased exports during this period, ranging from slight (less than 1 percent) to significant (22 percent) declines.
For the manufacturing sector alone, Minnesota exports were up almost 3 percent to US$4.7 billion between the fourth quarters of 2010 and 2011, while U.S. manufactured exports increased about 12 percent.
Note: Reports based on 2011 data cover export data based on the Harmonized System, which covers manufactured and non-manufactured exports, such as agriculture and mining, but not services.
Newswise — Dr. Jim Simpson and Dr. Yeqing Bao, marketing professors at The University of Alabama in Huntsville, are compiling research that could serve as a road map for how developing countries like China can most effectively market their products in developed markets such as the United States.
Minnesota exports, including agricultural, mining and manufactured products, grew almost 4 percent to US$5.1 billion in the third quarter of 2011. The national export growth rate was almost 18 percent. Vermont (down 8 percent) and Connecticut (down 7 percent) were the only states with decreased exports during this period.
What Has Changed in China and the World?
By Yao Ling
On accession to the World Trade Organization (WTO), China promised further economic reform and opening-up, establishing a trade policy system in line with international rules and advancing the healthy development of its national economy and foreign trade. In the 10 years since then China has honored those promises and seen momentous change.
Ministry opens more industries to investment from overseas
By Ding Qingfen and Lan Lan, China Daily
BEIJING —China will encourage foreign companies to invest more in domestic industries to further make good on the country's commitment to open its economy, according to guidelines released on [Dec. 29, 2011].
In a new version of the Foreign Direct Investment Industry Guidelines (2011), the Chinese government is encouraging foreign investors to put money into advanced manufacturing, the service industry and certain business concerned with energy conservation, advanced technology, renewable sources of energy, new materials and advanced-equipment manufacturing.
Government officials and experts said the new guidelines are in keeping with proposals contained in China's 12th Five-Year Plan (2011-2015), which seeks to lay the foundation for a more innovative and greener economy.
On [Dec. 29], the Ministry of Commerce and the National Development and Reform Commission (NDRC) issued the guidelines, which will replace a previous version of the rules that was published in 2007. They are expected to come into force on Jan. 30.