Three Good Articles About China - / Export Import Bank / Russia Takes In Greece - Brics Bank
CHINA AND AGENDA 21
Vitally important link: http://www.un.org/esa/
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“Li, essentially the man in charge of China’s economy, the world’s second largest, said China wanted a strong euro zone.
“It is in China’s interest. We would like to see Greece staying in the euro zone and we urge the international creditors to reach an agreement with the Greek side,” he said.
The European Union is pushing for a new global deal on climate change at U.N. talks later this year, hosted by France.
Li said Beijing would soon make a joint announcement with the EU.
“The two sides must step up their cooperation … to establish a fair, reasonable, * win-win global climate governance system* ,” Li said.
https://finance.yahoo.com/
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What’s next for the
Export-Import Bank?
Kate Rogers | @katerogersnews
1 Hour AgoCNBC.com
…..But come Tuesday, the 81-year-old bank’s charter expires. And without reauthorization, the financial institution cannot do any new business. The bank for years has been a lifeline for many small businesses, which may be left to fend for themselves in potentially lucrative overseas markets.
If the bank’s charter is not reauthorized, “the U.S. is going to lose our exporting power,” Axelrod said. “China and other exporting countries are chomping at the bit to take that business.” She said as much as 30 percent of her business comes from international markets.
In fiscal year 2014, the Export-Import Bank—known as “Ex-Im” bank for short—did $20.5 billion in financing. That figures includes more than $5 billion in financing and insurance for small businesses that make up $27 billion in U.S. exports and 164,000 American jobs.
The remaining $15.5 billion goes toward other places, including financing for big corporations, bank critics say.
Larger companies that have received Ex-Im Bank financing in the past include General Electric and Boeing. Spokespeople for both corporations were not immediately available for comment.
“Most of this goes to very successful, well-heeled companies that don’t need the help in the first place,” says Rep. Jeb Hensarling, Texas Republican and chairman of the House Financial Services Committee.
……Still, while small businesses pocket $5 billion in financing from the Ex-Im Bank, Main Street businesses make up about 90 percent of the overall business the Ex-Im Bank does.
And earlier this month, GE Co-Chairman Jeff Immelt told Reuters the company would move manufacturing jobs to Canada and Europe if the Export-Import Bank closes…..
http://www.cnbc.com/id/
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Russia Opens Door To Greece
As Sixth Member
Of New BRICS World Bank:
Russian Oil Makes Athens
Europe’s Energy Hub!
http://politicalvelcraft.org/
Source: http://nesaranews.blogspot.com/2015/07/three-good-articles-about-china-export.html
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