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Tag Archives: China

From Australia to Zambia, slowing China economy causes pain

FILE - In this Wednesday, Nov. 4, 2015, file photo, a man is reflected on an electronic stock indicator of a securities firm in Tokyo. From Australia to Zambia, Chile to Indonesia, the pain of China’s sharp economic slowdown is being felt in the form of depressed commodity prices, elevated unemployment and shrunken home prices. (AP Photo/Shizuo Kambayashi, File)

China’s economic troubles have dropped on the doorstep of a sun-weathered house at 18 Edgar St. in Port Hedland on Australia’s northwest coast. Four years ago, the 50-year-old home, fabricated from cheap asbestos cement, sold for the equivalent of $1.3 million. It’s now for sale again — recently priced at $310,000. What happened to $1 million in home equity? It ...

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A new concept for Mississippi: The medical resort

medical tourism

By ALAN TURNER Mississippi cardiologist Dr. Zilin Wang is bringing an interesting new concept to the Mississippi health care field: the medical resort. Just what is a medical resort? Basically, it’s a process in which Dr. Wang provides cardiovascular treatment to patients who come to Mississippi from China, and some from Japan.  These patients are generally affluent business people who ...

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Motorized chair maker to open Mississippi factory

PONTOTOC — Pride Mobility Products Corp., a maker of motorized wheelchairs and scooters, announced Wednesday that it will open a factory in northeast Mississippi. Based in Exeter, Pennsylvania, Pride plans to invest $2 million and hire 150 workers at a facility at the former Genesis Furniture factory in Pontotoc, which closed last year. Federal, state and local governments will give ...

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Sometimes it’s better to receive — U.S. gaining more China jobs than it’s losing


By TED CARTER The newest assessment of the movement of jobs and investment back to the United States from oversees shows 2014 continued to tilt the jobs competition in the U.S.’s favor. But the United States is still three million to four million jobs short of regaining the number lost since the emergence of Asia, China in particular, as industrial giants. ...

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DAVID DALLAS: Wicker, Cochran and the Iran-a-Muck letter

Forty-seven United States Senators, including Mississippi Senator Roger Wicker, signed a letter recently to “The Leaders of the Islamic Republic of Iran.” Mississippi Sen. Thad Cochran did not. The letter set out to explain the nuances of our U.S. Constitution to “The Leaders of the Islamic Republic of Iran.” The letter also described how the Senate might scuttle any agreement ...

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Mississippi furniture makers on rebound with more exports

By Jack Weatherly A few years ago, the Chinese might not have been the kind of trade partners you wanted if you were in furniture manufacturing in Mississippi. That’s because the communist nation was selling goods in this country cheaper than they could be made in the United States. Consequently, the industry —suppliers and manufacturers — in Mississippi felt the ...

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State economic development leaders optimistic of 2015

State business and economic development leaders are optimistic that the sluggish economic recovery from the 2008 recession will kick into high gear in 2015. At 7.6 percent, Mississippi had the second highest unemployment rate in the country in November. But that is a significant improvement from rates of more than 10 percent in 2011, and there are signs that employment ...

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Following Commerce ruling, Stion ramping up production

HATTIESBURG — Stion, a manufacturer of high-efficiency thin-film solar modules and provider of photovoltaic solar solutions, will increase manufacturing capacity of its next-generation Elevation Series CIGS solar modules for the second half of 2014, and continue to ramp up for increased 2015 demand precipitated by the news of the U.S. Department of Commerce’s preliminary tariffs on Chinese solar modules shipped ...

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Delta Council fears new delay in Asian catfish inspections in works

CLEVELAND – Delta Council officials are worried that U.S. Department of Agriculture inspections of imported catfish may be delayed two years beyond next year’s expected start of USDA inspections of domestically produced catfish. Council officials relayed concerns over the possible inspection delays to U.S. Deputy Agriculture Secretary Krysta Harden during her visit here to deliver the keynote address to the ...

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Survey: Losses from late April storms could reach $1B

According to a report from a global reinsurance firm, the late April storm system that caused widespread damage and fatalities in Mississippi and 19 other states could be the world’s first billion-dollar storm of 2014. Impact Forecasting, the catastrophe model development center at Chicago-based Aon Benfield, has released the latest edition of its monthly Global Catastrophe Recap report, which reviews ...

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