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Source: USW
”It is obvious that China will become less competitive in some areas” Maersk Executive Søren Skou says, according to the Wall Street Journal, adding that China is the most important market for the shipping giant and that it is increasingly felt that the manufacturing of goods, such as shoes and toys, is gradually being relocated to countries such as Vietnam and Bangladesh.
While this does not mean that the Chinese export boom is coming to a halt – it is slowing down.
The shipping giant Maersk Line notes a growing trend of shipping products such as various electronics and solar panels out of China. The next step could be automobiles, spare parts, biotech and chemical products, Wall Street Journal writes.
More at Berlingske Business
Port of Stockton and CalTrans officials are looking at ways to apply nearly $600,000 in unspent funds originally earmarked for the port’s Daggett Road improvement project, after receiving a “use it or lose it” message from the Obama Administration.
U.S. Department of Transportation officials said earlier this month it would make immediately available $470 million in funds unspent from 2003-2006 fiscal appropriations under the previous administration.
From the Stockton Record
Source: Washington Post
Source: Baltimore Sun
Source: Boston Globe
Source: Al Jazeera
Source: Sacto Bee
Source: News-Herald
Source: Democrat and Chronicle
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