Ministry of Commerce (MOC) spokesman Yao Jian said China strongly opposes US decision to impose special protectionist tariffs on tire imports from China. Yao said China has held negotiations with the US over the case but the US still sticks to this decision, which is serious trade protectionism, with which China is strongly dissatisfied. The Ministry said the US had violated the WTO rule by this decision, and also its relevant commitments made on the G-20 financial summit. The business situation of the US tire producers has shown no apparent changes after the entry of Chinese products. There exists no direct competition ...

Is There IT Industry Back To Normalcy? The Indian IT industry was one of the worst hit by the recession on account of its almost complete dependence on international [caption id="attachment_13" align="alignright" width="300" caption="India IT Industry Review"][/caption] markets especially the US and Europe. The freeze on IT budgets by companies association Nasscom initially forecast that IT exports would grow by 22-24% in 2008-09, but as the recession deepened, this was revised down to 16%. For this fiscal, the association making a tentative return. around the world meant that new orders dried up. Industry has projected a mere 4-7% growth to $48-50 billion. [caption ...