USTR exempts STS crane orders arriving by May, 2026 from 25% tariff
NewsUnder new rules from the US Trade Representative, ship-to-shore cranes ordered before May 14, 2024, and arriving by May 14, 2026, will avoid a 25% tariff on imports from China.
Private capital for China rail?
The Chinese government will allow private capital to be used to expand the country’s railway network to help alleviate its strained hauling capacity.
Since the rail sector is among the few industries in China that remain government monopolies, its reform has always been a focus of attention at home and abroad. Railway Minister Liu Zhijun promised to reform the sector’s financing system to attract domestic and foreign funds at a conference in February. “Multiple investment channels must be explored to change the severe shortage of capital for railway construction,” he said.
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This complete item is approximately 285 words in length, and appeared in the August 2004 issue of WorldCargo News, on page 1. To access this issue download the PDF here.
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