All posts by MBusiness

China Grants 18 Trademarks in 2 Months to Trump, Daughter Ivanka

The Chinese government granted 18 trademarks to companies linked to President Donald Trump and his daughter Ivanka Trump over the last two months, Chinese public records show, raising concerns about conflicts of interest in the White House.

In October, China’s Trademark Office granted provisional approval for 16 trademarks to Ivanka Trump Marks LLC, bringing to 34 the total number of marks China has greenlighted this year, according to the office’s online database. The new approvals cover Ivanka-branded fashion gear including sunglasses, handbags, shoes and jewelry, as well as beauty services and voting machines.

 

The approvals came three months after Ivanka Trump announced she was dissolving her namesake brand to focus on government work.

 

China also granted provisional approval for two “Trump” trademarks to DTTM Operations LLC, headquartered at Trump Tower on Fifth Avenue in New York. They cover branded restaurant, bar and hotel services, as well as clothing and shoes.

 

The marks will be finalized if there is no objection during a 90-day comment period.

 

All the trademarks were applied for in 2016.

 

“These trademarks were sought to broadly protect Ms. Trump’s name, and to prevent others from stealing her name and using it to sell their products,” Peter Mirijanian, a spokesman for Ivanka Trump’s ethics attorney, said in an email. “This is a common trademark practice, which is why the trademark applications were granted.”

 

Both the president and his daughter have substantial intellectual property holdings in China. Critics worry that China, where the courts and bureaucracy are designed to reflect the will of the ruling Communist Party, could exploit those valuable rights for political leverage.

 

There has also been concern that the Trump family’s global intellectual property portfolio lays the groundwork for the president and his daughter, who serves as a White House adviser, to profit from their global brands as soon as they leave office.

 

“Ivanka receives preliminary approval for these new Chinese trademarks while her father continues to wage a trade war with China. Since she has retained her foreign trademarks, the public will continue to have to ask whether President Trump has made foreign policy decisions in the interest of his and his family’s businesses,” wrote Citizens for Responsibility and Ethics in Washington, a government watchdog group that first published the news about Ivanka Trump brand’s new Chinese trademarks.

 

Lawyers for Donald Trump in Beijing declined to comment.

 

Companies register trademarks for a variety of reasons. They can be a sign of corporate ambition, but many companies also file defensively, particularly in China, where trademark squatting is rampant. Trademarks are classified by category and may include items that a brand does not intend to market. Some trademark lawyers also advise clients to register trademarks for merchandise made in China, even if it’s not sold there.

 

China has said it handles all trademark applications equally under the law.

Ocean Shock: Fish Flee for Cooler Waters, Upending Lives in US South

This is part of “Ocean Shock,” a Reuters series exploring climate change’s impact on sea creatures and the people who depend on them.

Creedence Clearwater Revival’s “Fortunate Son” drifts from Karroll Tillett’s workshop, a wooden shed about half a mile from where he was born.

Tillett, known as “Frog” to everyone here, has lived most of his 75 years on the water, much of it chasing summer flounder. But the chasing got harder and harder, and now he spends his time making nets for other fishermen at his workshop, at the end of a dirt path next to his ex-wife’s house.

The house is on CB Daniels Sr. Road, one of several named after two of the fishing clans that have held sway for decades in this small coastal town. Besides CB Daniels Sr. Road, there’s ER Daniels Road and just plain Daniels Road. In Frog’s family, there’s Tink Tillett Road and Rondal Tillett Road.

Once upon a time, these fishing families were pioneers. In the 1970s and 1980s, they built summer flounder into a major catch for the region. The 15 brothers and sisters of the Daniels clan parlayed the business into a multinational fishing company, and three years ago they sold it to a Canadian outfit for tens of millions of dollars.

But for Frog Tillett and almost everyone else in these parts, there’s not much money to be made fishing offshore here anymore.

Forty years ago, Tillett fished for summer flounder in December and January in waters near Wanchese, then followed the fish north as the weather warmed. In recent years, however, fewer summer flounder have traveled as far south in the winter, and the most productive area has shifted north, closer to Martha’s Vineyard and the southern shore of Long Island.

Reuters has spent more than a year scouring decades of maritime temperature readings, fishery records and other little-used data to create a portrait of the planet’s hidden climate disruption — in the rarely explored depths of the seas that cover more than 70 percent of the Earth’s surface. The reporting has come to a disturbing conclusion: Marine life is facing an epic dislocation.

The U.S. North Atlantic is a prime example. In recent years, at least 85 percent of the nearly 70 federally tracked species there had shifted north or deeper, or both, when compared to the norm over the past half-century, according to the Reuters analysis of U.S. fisheries data. But this great migration is not just off the coast of America. Pushed out of their traditional habitats by the dramatically rising ocean temperatures and other fallout from climate change, summer flounder are part of a global disruption of marine species that threatens livelihoods, cultures and the delicate balance of the oceans themselves.

A mirror image of the flotillas of desperate people trying to escape deadly conflicts, this is a refugee crisis going on beneath the surface of the seas. And much of it has happened in the time it took a child to be born and graduate from high school.

Tillett, threading lead weights onto the bottom of a net, remembers the days of plenty up and down the Atlantic coast, catching summer flounder up north but knowing there were plenty more back home.

“Then, all of a sudden, everything starts moving that way, and nothing is left down here.”

‘There ain’t no flounder around here no more’

Few tourists traveling on Route 64 from the North Carolina mainland to the Hatteras beaches venture into Wanchese.

It isn’t even a town, officially. The U.S. Census Bureau, however, says 1,600 people live here, many of them in one-story cinder-block homes, not the big beach houses on stilts, known euphemistically as cottages, a few miles away.

Most mornings, Danielses and Tilletts and Etheridges, another of the fishing clans, crowd the restaurant down by the marina.

Longtime flounder skipper Steve Daniels pulls up. Steve bought his first trawler in 1978 and started flounder fishing that summer. That was the year Wanchese fishermen decided there was money in the fish. In 1977, they had caught zero pounds. In 1978, they caught 12 million pounds, and in 1979, their catch approached 17 million pounds. And that doesn’t count the millions of pounds they landed during the warmer months in Massachusetts, Rhode Island and New Jersey ports.

Over the years, however, the longer trips north needed to find the fish, among other factors, made the fishing increasingly unprofitable.

“There ain’t no flounder around here no more — they all up there in Rhode Island,” Steve says. “I got the hell out of it three years ago.”

In the early 1990s, summer flounder stocks were on the verge of collapse after being overfished in the 1970s and 1980s, primarily by Wanchese and other North Carolina fishermen.

Today, after years of severe limits on catches, the species is relatively healthy. Unfortunately for Wanchese, it has rebounded in an area well north of where the crews here started fishing for summer flounder.

But that hasn’t made a difference to arcane rules on summer flounder catches.

Nearly a quarter-century ago, when the fishermen of Wanchese were riding high, the U.S. government set quotas for summer flounder. It dictated that about a quarter of all the flounder caught in U.S. waters must be “landed,” or brought to shore, in North Carolina, no matter where they were caught.

Some modest changes being considered for next year could reduce North Carolina’s landings to one-fifth of the national total. But the very makeup of federal fishery-management bodies has stymied greater changes.

Summer flounder is managed by the Mid-Atlantic Fishery Management Council, one of three federally mandated councils that operate along the East Coast. Each council has about 20 members made up of fishermen, scientists, regulators, ecologists and a strong bloc of wholesale fish dealers. The councils’ size and the members’ competing interests make them slow to act. And often, the fishermen and especially the dealers are reluctant to shift an economic benefit from one region to another, as in the case of summer flounder, whose stock has shifted away from mid-Atlantic waters.

Kiley Dancy, a fishery management specialist with the mid-Atlantic council, says there has been much resistance to shifting the landings to states closer to where the fish are now located.

“Many would like for it to stay the same,” she says. The proposed changes, she says, “better reflect the location of the biomass” — that is, the area where the species is most likely to be found.

If adopted, the changes could take effect in late 2019 or early 2020.

In the meantime, summer flounder continue their inexorable move north. Is it, as with so many other species, because of the warming of the water?

“Absolutely. Looking at the data panorama, actually, I think this is fairly well established. I think that any intelligent conversation kind of starts with that just as a matter of fact,” says Joel Fodrie of the Department of Marine Sciences at the University of North Carolina.

Rutgers University fish ecologist Malin Pinsky has been studying how fisheries have shifted around the North Atlantic for the better part of a decade. It was his work, adapting federal trawler sampling dating to 1968, that first identified where the centers of various species were located and illustrated the wholesale shift of species north.

Pinsky is well aware that fish, which can swim wherever they want, live in complex ecosystems, and attributing those shifts simply to climate change would be oversimplifying matters.

Still, he says, his work shows that temperature change is almost certainly the single largest factor. In 2013, he published a research paper that calculated that 40 percent of the northerly shift was attributed to temperature change.

“Actually, that’s impressively high … that something as simple as temperature explained a lot of the pattern, given that there’s fishing, there’s predators, there’s prey, de-oxygenation, pollution and changing currents. There’s so much going on.”

In the case of flounder, the slow rebuilding of the stock has also resulted in a more mature population than the one that existed in the 1980s, according to trawling surveys conducted by the federal government. And older and larger summer flounder tend to live farther north than younger fish, says Fodrie, the UNC professor, who’s been working these waters for the better part of 20 years.

Regulators vs. fishermen

Among the Wanchese breakfast crowd, few names elicit a lengthier string of expletives than Louis Daniel, former executive director of the North Carolina Division of Marine Fisheries. Many fishermen feel he imposed overly strict management of the local catches when he was in charge.

Daniel, unrelated to the Daniels family, knows he is an unpopular man among commercial fishermen. “They think I wanted to put them out of business, that profit should always be put ahead of protecting the resource,” he says.

But, he says, there is little doubt that there are fewer fish in this region than there once were. And some species have clearly been affected by climate change in the region.

Consider striped bass, which he says is a perfect example of how climate change can dislocate fisheries management.

There was a time, not too long ago, when recreational anglers routinely caught striped bass along the beaches in North Carolina. But since the beginning of the century, the number of striped bass has steadily declined.

“North Carolina has not caught any striped bass in five or six years or more,” he says. “There has been nothing on the beach.”

They are, however, routinely found in Canadian waters, which was unheard of a generation ago.

In early 2010, a small population of the fish was still wintering off the Carolina coast. Steve Daniels took his trawler three miles offshore into federal waters. Over a 10-day period, he illegally caught about 12,000 pounds of striped bass, landing the fish here in Wanchese, according to the United States Attorney’s Office.

Last August, Steve pleaded guilty to the charges and agreed to pay $95,000 in restitution. He was sentenced to five years’ probation.

Gambles pay off

Through the years, the families in Wanchese haven’t been afraid to gamble on a hunch.

Mikey Daniels was in high school when a local named Willie Etheridge Jr. decided to make a go at longlining for swordfish.

“That was ’63, ’64,” he says. “We were stacking them up like cordwood. I mean, three or four hundred fish in a stack, and they did it by hand.”

On Dec. 23, 1970, however, the Food and Drug Administration announced that tests showed that swordfish flesh was tainted with extremely high levels of mercury, a toxic metal. And overnight, the swordfish boom went bust.

It took a few years, but Wanchese’s entrepreneurial fishermen got to work on summer flounder. This time it was Mikey’s father, Malcolm Daniels, who took the lead, after struggling for years. At one point, Mikey remembers, his father was so poor there was a collection in town to raise money to help the family.

Eventually, though, his father bought a 65-foot wooden boat that he converted into a trawler that could drag large nets behind it. And before long, he was buying metal shrimp boats from Texas and converting them to trawlers too.

The family also added a trucking company to drive fish to New York and Boston.

“I was 16 years old driving tractor-trailers. My brothers were too,” he says. “We would get to New York, traveling in a group, you know.

The Daniels siblings took over the Wanchese Seafood Company when their father died in 1986. By the time their mother died in 2006, the family had expanded into boats and seafood wholesalers in Virginia, Massachusetts, Alaska and Argentina. When they sold up, they all became millionaires — a rarity in Wanchese.

The Wanchese fishermen fought hard for their place in the flounder business, but they started fading this decade.

In 2013, fishermen from North Carolina accounted for 64 percent of the summer flounder landed in the state, down from 80 percent just a few years earlier.

By 2016, it was less than half. Fishermen from New Jersey and Massachusetts accounted for 35 percent that year, up from nothing a decade earlier.

A winner in New England

On a cold December day hundreds of miles north of Wanchese, snow whips through the New Bedford, Mass., fishing fleet. The wind howls and bangs through the rigging of the boats docked two or three deep along the city’s working piers.

Most of the boats are dark. But the Sao Paulo’s wheelhouse glows orange. Inside, skipper Antonio Borges is preparing to leave as soon as the weather breaks.

The 60-year-old has just returned from 11 days at sea. It could have been a three-day trip if he were allowed to land his catch in Massachusetts, but the law prohibits that.

Instead, he left New Bedford and steamed less than a day before reaching the waters south of Long Island. He dragged his nets in about 50 fathoms of water and filled his hold with summer flounder. Then he turned south for a couple of days to offload some fish in Virginia. Two days after that, he offloaded flounder at the Beaufort, N.C., docks, before turning around and heading home.

A day after tying up in New Bedford, he’s back on the boat getting ready to go to sea.

Borges is fortunate that he can even catch the summer flounder: He bought landing permits from North Carolina and Virginia fishermen. In a perfect world, he says, Massachusetts and other New England and mid-Atlantic states would have a bigger quota.

Still, Borges says he doesn’t mind. He owns a boat large enough to make those trips, even in the foulest of winter weather. And besides, he’s invested in the status quo — he paid for one of those landing permits.

So, even though his time on the seas would be much shorter, he said the distributions of landings shouldn’t change. “It’s not going to happen, and it shouldn’t happen,” he says. “Because the states that we bought the license from, we already knew that we had to go to those states and deliver the fish.”

Traveling the distance from the Northeast to North Carolina benefits fishermen like Borges in bigger boats. At 75 feet and specifically designed for fishing on the high seas, his would loom over many of the flounder trawlers that steamed out of Wanchese in the 1980s.

Plus, he says, the Wanchese fishermen established the business and the North Carolina economy is entitled to benefit from that work, even if it’s no longer feasible for the fishermen to work the waters as much as they once did, he said.

“We go to North Carolina, we bring jobs,” he says. “Wherever we go, we bring business: lumpers to unload the fish, truckers to truck the fish, fuel, food. The economy grows wherever a fishing boat goes. It brings business, and we shouldn’t change that.”

Outside, the snow turns the docks and the decks white. The Portuguese immigrant shrugs.

“Look, it is 21 degrees today. Oh my God, it’s cold. You know what? This harbor used to freeze every single winter. It would freeze for weeks on end.”

Now it doesn’t.

Borges was 18 when his father took delivery of the Sao Paulo in 1977 from a Louisiana shipyard.

Since then, he has married and had two daughters. They married and had three daughters. Now, at the tail end of his career, he reflects on what has changed.

“Forty-two years I have been doing this, 60 years old, and I still love it.”

The most notable change, he says, is that fishermen are no longer the biggest threat to fisheries.

“We were the problem, in the ’70s and ’80s. We grew so much that we became a problem, and if the laws didn’t change, yeah, we were going to catch the last fish, I guarantee you we were.

“But you know what? We’re not the problem now. Climate change is the problem now. It is climate; it is water temperature. There are southern species that are coming north, and the species that were here have moved north.”

Ocean Shock: Fish Flee for Cooler Waters, Upending Lives in US South

This is part of “Ocean Shock,” a Reuters series exploring climate change’s impact on sea creatures and the people who depend on them.

Creedence Clearwater Revival’s “Fortunate Son” drifts from Karroll Tillett’s workshop, a wooden shed about half a mile from where he was born.

Tillett, known as “Frog” to everyone here, has lived most of his 75 years on the water, much of it chasing summer flounder. But the chasing got harder and harder, and now he spends his time making nets for other fishermen at his workshop, at the end of a dirt path next to his ex-wife’s house.

The house is on CB Daniels Sr. Road, one of several named after two of the fishing clans that have held sway for decades in this small coastal town. Besides CB Daniels Sr. Road, there’s ER Daniels Road and just plain Daniels Road. In Frog’s family, there’s Tink Tillett Road and Rondal Tillett Road.

Once upon a time, these fishing families were pioneers. In the 1970s and 1980s, they built summer flounder into a major catch for the region. The 15 brothers and sisters of the Daniels clan parlayed the business into a multinational fishing company, and three years ago they sold it to a Canadian outfit for tens of millions of dollars.

But for Frog Tillett and almost everyone else in these parts, there’s not much money to be made fishing offshore here anymore.

Forty years ago, Tillett fished for summer flounder in December and January in waters near Wanchese, then followed the fish north as the weather warmed. In recent years, however, fewer summer flounder have traveled as far south in the winter, and the most productive area has shifted north, closer to Martha’s Vineyard and the southern shore of Long Island.

Reuters has spent more than a year scouring decades of maritime temperature readings, fishery records and other little-used data to create a portrait of the planet’s hidden climate disruption — in the rarely explored depths of the seas that cover more than 70 percent of the Earth’s surface. The reporting has come to a disturbing conclusion: Marine life is facing an epic dislocation.

The U.S. North Atlantic is a prime example. In recent years, at least 85 percent of the nearly 70 federally tracked species there had shifted north or deeper, or both, when compared to the norm over the past half-century, according to the Reuters analysis of U.S. fisheries data. But this great migration is not just off the coast of America. Pushed out of their traditional habitats by the dramatically rising ocean temperatures and other fallout from climate change, summer flounder are part of a global disruption of marine species that threatens livelihoods, cultures and the delicate balance of the oceans themselves.

A mirror image of the flotillas of desperate people trying to escape deadly conflicts, this is a refugee crisis going on beneath the surface of the seas. And much of it has happened in the time it took a child to be born and graduate from high school.

Tillett, threading lead weights onto the bottom of a net, remembers the days of plenty up and down the Atlantic coast, catching summer flounder up north but knowing there were plenty more back home.

“Then, all of a sudden, everything starts moving that way, and nothing is left down here.”

‘There ain’t no flounder around here no more’

Few tourists traveling on Route 64 from the North Carolina mainland to the Hatteras beaches venture into Wanchese.

It isn’t even a town, officially. The U.S. Census Bureau, however, says 1,600 people live here, many of them in one-story cinder-block homes, not the big beach houses on stilts, known euphemistically as cottages, a few miles away.

Most mornings, Danielses and Tilletts and Etheridges, another of the fishing clans, crowd the restaurant down by the marina.

Longtime flounder skipper Steve Daniels pulls up. Steve bought his first trawler in 1978 and started flounder fishing that summer. That was the year Wanchese fishermen decided there was money in the fish. In 1977, they had caught zero pounds. In 1978, they caught 12 million pounds, and in 1979, their catch approached 17 million pounds. And that doesn’t count the millions of pounds they landed during the warmer months in Massachusetts, Rhode Island and New Jersey ports.

Over the years, however, the longer trips north needed to find the fish, among other factors, made the fishing increasingly unprofitable.

“There ain’t no flounder around here no more — they all up there in Rhode Island,” Steve says. “I got the hell out of it three years ago.”

In the early 1990s, summer flounder stocks were on the verge of collapse after being overfished in the 1970s and 1980s, primarily by Wanchese and other North Carolina fishermen.

Today, after years of severe limits on catches, the species is relatively healthy. Unfortunately for Wanchese, it has rebounded in an area well north of where the crews here started fishing for summer flounder.

But that hasn’t made a difference to arcane rules on summer flounder catches.

Nearly a quarter-century ago, when the fishermen of Wanchese were riding high, the U.S. government set quotas for summer flounder. It dictated that about a quarter of all the flounder caught in U.S. waters must be “landed,” or brought to shore, in North Carolina, no matter where they were caught.

Some modest changes being considered for next year could reduce North Carolina’s landings to one-fifth of the national total. But the very makeup of federal fishery-management bodies has stymied greater changes.

Summer flounder is managed by the Mid-Atlantic Fishery Management Council, one of three federally mandated councils that operate along the East Coast. Each council has about 20 members made up of fishermen, scientists, regulators, ecologists and a strong bloc of wholesale fish dealers. The councils’ size and the members’ competing interests make them slow to act. And often, the fishermen and especially the dealers are reluctant to shift an economic benefit from one region to another, as in the case of summer flounder, whose stock has shifted away from mid-Atlantic waters.

Kiley Dancy, a fishery management specialist with the mid-Atlantic council, says there has been much resistance to shifting the landings to states closer to where the fish are now located.

“Many would like for it to stay the same,” she says. The proposed changes, she says, “better reflect the location of the biomass” — that is, the area where the species is most likely to be found.

If adopted, the changes could take effect in late 2019 or early 2020.

In the meantime, summer flounder continue their inexorable move north. Is it, as with so many other species, because of the warming of the water?

“Absolutely. Looking at the data panorama, actually, I think this is fairly well established. I think that any intelligent conversation kind of starts with that just as a matter of fact,” says Joel Fodrie of the Department of Marine Sciences at the University of North Carolina.

Rutgers University fish ecologist Malin Pinsky has been studying how fisheries have shifted around the North Atlantic for the better part of a decade. It was his work, adapting federal trawler sampling dating to 1968, that first identified where the centers of various species were located and illustrated the wholesale shift of species north.

Pinsky is well aware that fish, which can swim wherever they want, live in complex ecosystems, and attributing those shifts simply to climate change would be oversimplifying matters.

Still, he says, his work shows that temperature change is almost certainly the single largest factor. In 2013, he published a research paper that calculated that 40 percent of the northerly shift was attributed to temperature change.

“Actually, that’s impressively high … that something as simple as temperature explained a lot of the pattern, given that there’s fishing, there’s predators, there’s prey, de-oxygenation, pollution and changing currents. There’s so much going on.”

In the case of flounder, the slow rebuilding of the stock has also resulted in a more mature population than the one that existed in the 1980s, according to trawling surveys conducted by the federal government. And older and larger summer flounder tend to live farther north than younger fish, says Fodrie, the UNC professor, who’s been working these waters for the better part of 20 years.

Regulators vs. fishermen

Among the Wanchese breakfast crowd, few names elicit a lengthier string of expletives than Louis Daniel, former executive director of the North Carolina Division of Marine Fisheries. Many fishermen feel he imposed overly strict management of the local catches when he was in charge.

Daniel, unrelated to the Daniels family, knows he is an unpopular man among commercial fishermen. “They think I wanted to put them out of business, that profit should always be put ahead of protecting the resource,” he says.

But, he says, there is little doubt that there are fewer fish in this region than there once were. And some species have clearly been affected by climate change in the region.

Consider striped bass, which he says is a perfect example of how climate change can dislocate fisheries management.

There was a time, not too long ago, when recreational anglers routinely caught striped bass along the beaches in North Carolina. But since the beginning of the century, the number of striped bass has steadily declined.

“North Carolina has not caught any striped bass in five or six years or more,” he says. “There has been nothing on the beach.”

They are, however, routinely found in Canadian waters, which was unheard of a generation ago.

In early 2010, a small population of the fish was still wintering off the Carolina coast. Steve Daniels took his trawler three miles offshore into federal waters. Over a 10-day period, he illegally caught about 12,000 pounds of striped bass, landing the fish here in Wanchese, according to the United States Attorney’s Office.

Last August, Steve pleaded guilty to the charges and agreed to pay $95,000 in restitution. He was sentenced to five years’ probation.

Gambles pay off

Through the years, the families in Wanchese haven’t been afraid to gamble on a hunch.

Mikey Daniels was in high school when a local named Willie Etheridge Jr. decided to make a go at longlining for swordfish.

“That was ’63, ’64,” he says. “We were stacking them up like cordwood. I mean, three or four hundred fish in a stack, and they did it by hand.”

On Dec. 23, 1970, however, the Food and Drug Administration announced that tests showed that swordfish flesh was tainted with extremely high levels of mercury, a toxic metal. And overnight, the swordfish boom went bust.

It took a few years, but Wanchese’s entrepreneurial fishermen got to work on summer flounder. This time it was Mikey’s father, Malcolm Daniels, who took the lead, after struggling for years. At one point, Mikey remembers, his father was so poor there was a collection in town to raise money to help the family.

Eventually, though, his father bought a 65-foot wooden boat that he converted into a trawler that could drag large nets behind it. And before long, he was buying metal shrimp boats from Texas and converting them to trawlers too.

The family also added a trucking company to drive fish to New York and Boston.

“I was 16 years old driving tractor-trailers. My brothers were too,” he says. “We would get to New York, traveling in a group, you know.

The Daniels siblings took over the Wanchese Seafood Company when their father died in 1986. By the time their mother died in 2006, the family had expanded into boats and seafood wholesalers in Virginia, Massachusetts, Alaska and Argentina. When they sold up, they all became millionaires — a rarity in Wanchese.

The Wanchese fishermen fought hard for their place in the flounder business, but they started fading this decade.

In 2013, fishermen from North Carolina accounted for 64 percent of the summer flounder landed in the state, down from 80 percent just a few years earlier.

By 2016, it was less than half. Fishermen from New Jersey and Massachusetts accounted for 35 percent that year, up from nothing a decade earlier.

A winner in New England

On a cold December day hundreds of miles north of Wanchese, snow whips through the New Bedford, Mass., fishing fleet. The wind howls and bangs through the rigging of the boats docked two or three deep along the city’s working piers.

Most of the boats are dark. But the Sao Paulo’s wheelhouse glows orange. Inside, skipper Antonio Borges is preparing to leave as soon as the weather breaks.

The 60-year-old has just returned from 11 days at sea. It could have been a three-day trip if he were allowed to land his catch in Massachusetts, but the law prohibits that.

Instead, he left New Bedford and steamed less than a day before reaching the waters south of Long Island. He dragged his nets in about 50 fathoms of water and filled his hold with summer flounder. Then he turned south for a couple of days to offload some fish in Virginia. Two days after that, he offloaded flounder at the Beaufort, N.C., docks, before turning around and heading home.

A day after tying up in New Bedford, he’s back on the boat getting ready to go to sea.

Borges is fortunate that he can even catch the summer flounder: He bought landing permits from North Carolina and Virginia fishermen. In a perfect world, he says, Massachusetts and other New England and mid-Atlantic states would have a bigger quota.

Still, Borges says he doesn’t mind. He owns a boat large enough to make those trips, even in the foulest of winter weather. And besides, he’s invested in the status quo — he paid for one of those landing permits.

So, even though his time on the seas would be much shorter, he said the distributions of landings shouldn’t change. “It’s not going to happen, and it shouldn’t happen,” he says. “Because the states that we bought the license from, we already knew that we had to go to those states and deliver the fish.”

Traveling the distance from the Northeast to North Carolina benefits fishermen like Borges in bigger boats. At 75 feet and specifically designed for fishing on the high seas, his would loom over many of the flounder trawlers that steamed out of Wanchese in the 1980s.

Plus, he says, the Wanchese fishermen established the business and the North Carolina economy is entitled to benefit from that work, even if it’s no longer feasible for the fishermen to work the waters as much as they once did, he said.

“We go to North Carolina, we bring jobs,” he says. “Wherever we go, we bring business: lumpers to unload the fish, truckers to truck the fish, fuel, food. The economy grows wherever a fishing boat goes. It brings business, and we shouldn’t change that.”

Outside, the snow turns the docks and the decks white. The Portuguese immigrant shrugs.

“Look, it is 21 degrees today. Oh my God, it’s cold. You know what? This harbor used to freeze every single winter. It would freeze for weeks on end.”

Now it doesn’t.

Borges was 18 when his father took delivery of the Sao Paulo in 1977 from a Louisiana shipyard.

Since then, he has married and had two daughters. They married and had three daughters. Now, at the tail end of his career, he reflects on what has changed.

“Forty-two years I have been doing this, 60 years old, and I still love it.”

The most notable change, he says, is that fishermen are no longer the biggest threat to fisheries.

“We were the problem, in the ’70s and ’80s. We grew so much that we became a problem, and if the laws didn’t change, yeah, we were going to catch the last fish, I guarantee you we were.

“But you know what? We’re not the problem now. Climate change is the problem now. It is climate; it is water temperature. There are southern species that are coming north, and the species that were here have moved north.”

Brazil Economy Key to Bolsonaro Win, But Will He Deliver?

Key to Jair Bolsonaro’s recent election victory was the support of Brazil’s business community, which coalesced around him because he promised to overhaul Latin America’s largest economy and address its worrying budget deficit. But the president-elect has been stingy with the details, and many wonder if he’ll stick to his recent conversion to market-friendly reforms or if the dormant nationalist in him might reappear.

 

Even if he holds fast to the agenda set forth by his economic guru Paulo Guedes, a University of Chicago-trained economist and the man who convinced many investors to take a chance on Bolsonaro, the former army captain could face fierce opposition in Congress and from labor unions to what will be undoubtedly unpopular measures. His economic agenda will also have to compete for priority with his better-known promises to crack down on crime and corruption, and the latter are much dearer to his heart — and his base.

 

“It’s really unclear what Bolsonaro is when it comes to economic policy,” said Matthew Taylor, an associate professor at American University’s School of International Service. “He himself has admitted to ignorance on the economic front, but he’s also an extraordinary statist and a nationalist.”

 

For years, Bolsonaro, who will be inaugurated Jan. 1, supported heavy involvement of the state in the economy, and he remains an admirer of Brazil’s 1964-1985 military regime, which supported nationalist policies. But during the campaign, he espoused free-market principles.

 

It’s not clear how complete his conversion is. For instance, after Guedes told reporters that he supported privatizing all of Brazil’s dozens of state companies, Bolsonaro walked that back, saying he would sell off many but keep “strategic” ones, including big names like Petrobras and Banco do Brasil.

 

Amid this swirl of doubt, one thing is clear: Brazil must quickly cut its deficit or it risks heading back into crisis. A World Bank analysis concluded last year that Brazil spends more than it can afford and spends poorly.

 

Brazil’s central government deficit was 7 percent of gross domestic product in 2017, according to the Central Bank, and has been above 5 percent in recent years. A large portion is interest payments on debt, but even excluding those, Brazil still had a primary deficit of 1.8 percent of GDP last year — which economists say is unsustainable because it means the already high debt level will continue to grow.

 

The new administration will have only a narrow window to show investors that it’s serious about addressing this problem — by cutting spending or raising taxes — before they will begin to balk, making an adjustment more difficult because it could drive up borrowing costs.

 

Compounding the challenge, Brazil is only just beginning to emerge from a two-year-long recession, and growth remains stagnant. That means it can’t rely on big increases in tax revenues to help it plug the hole — and Bolsonaro has even promised to cut tax rates.

Guedes, who will lead the Economy Ministry, appeared to be sending just that signal hours after Bolsonaro’s victory on Oct. 28. He laid out a three-part plan to reduce Brazil’s public spending by passing a pension reform, privatizing state companies to draw down the debt and enacting other unspecified reforms that will reduce “privileges and waste.”

 

Pension reform will be the linchpin in reducing Brazil’s state spending for two reasons: Brazil’s government spends more on pensions than anything else, and many other parts of the budget can’t be altered because they’re mandated by the constitution.

 

Attempts to reform the pension system will likely face stiff resistance from labor unions and other groups since any measure will force Brazilians to work longer and receive fewer benefits. Bolsonaro, who in 27 years in Congress didn’t show any particular gift for building consensus, will have to build a broad coalition to get a reform through. His Social Liberal Party holds about 10 percent of the seats in next Congress, but so does the Workers’ Party, which is against such a reform and has vowed tough opposition.

President Michel Temer, who is known for his ability to negotiate with Congress, failed at that task. Still, Glauco Legat, the chief analyst at the brokerage Spinelli, points out that Bolsonaro’s decisive win gives him more legitimacy than Temer, who came to power after his predecessor was impeached in controversial proceedings.

 

Any reform will be whittled away at in order to win votes, but Monica de Bolle, director of Latin American Studies at Johns Hopkins University, says she fears Bolsonaro’s proposal will lack ambition right out of the gate since he has indicated he will leave military personnel out of it. That could also mean he will exclude other civil service sectors, which are key to taking a bite out of the problem.

 

“The watering down process is going to take place on the basis of an already diluted reform,” she said.

 

Beyond pension reform, Bolsonaro has promised to reduce the size of the state, including halving the number of ministries, and selling off state companies. Reducing the number of ministries could yield some savings, but other presidents have struggled to do that in more than name. And Bolsonaro has already taken off the table many state companies that would yield the most cash.

 

Instead, economists say that many of the savings lie in eliminating inefficiencies. Guedes didn’t give details, but if he’s serious about reducing waste, there’s plenty of it: The World Bank analysis highlighted Brazil’s high civil service salaries, a constitutional mandate on education spending that often results in spending for spending’s sake, overlapping social welfare programs and a proliferation of small hospitals in the public health system.

 

Despite the challenges, Legat said it’s important to remember that just by virtue of saying he’ll take on Brazil’s thorny issues, Bolsonaro has built momentum, which can have real-world effects.

 

“He brings optimism that’s very important for the economy in this moment,” he said. “This increase in confidence is reflected in real numbers.”

Brazil Economy Key to Bolsonaro Win, But Will He Deliver?

Key to Jair Bolsonaro’s recent election victory was the support of Brazil’s business community, which coalesced around him because he promised to overhaul Latin America’s largest economy and address its worrying budget deficit. But the president-elect has been stingy with the details, and many wonder if he’ll stick to his recent conversion to market-friendly reforms or if the dormant nationalist in him might reappear.

 

Even if he holds fast to the agenda set forth by his economic guru Paulo Guedes, a University of Chicago-trained economist and the man who convinced many investors to take a chance on Bolsonaro, the former army captain could face fierce opposition in Congress and from labor unions to what will be undoubtedly unpopular measures. His economic agenda will also have to compete for priority with his better-known promises to crack down on crime and corruption, and the latter are much dearer to his heart — and his base.

 

“It’s really unclear what Bolsonaro is when it comes to economic policy,” said Matthew Taylor, an associate professor at American University’s School of International Service. “He himself has admitted to ignorance on the economic front, but he’s also an extraordinary statist and a nationalist.”

 

For years, Bolsonaro, who will be inaugurated Jan. 1, supported heavy involvement of the state in the economy, and he remains an admirer of Brazil’s 1964-1985 military regime, which supported nationalist policies. But during the campaign, he espoused free-market principles.

 

It’s not clear how complete his conversion is. For instance, after Guedes told reporters that he supported privatizing all of Brazil’s dozens of state companies, Bolsonaro walked that back, saying he would sell off many but keep “strategic” ones, including big names like Petrobras and Banco do Brasil.

 

Amid this swirl of doubt, one thing is clear: Brazil must quickly cut its deficit or it risks heading back into crisis. A World Bank analysis concluded last year that Brazil spends more than it can afford and spends poorly.

 

Brazil’s central government deficit was 7 percent of gross domestic product in 2017, according to the Central Bank, and has been above 5 percent in recent years. A large portion is interest payments on debt, but even excluding those, Brazil still had a primary deficit of 1.8 percent of GDP last year — which economists say is unsustainable because it means the already high debt level will continue to grow.

 

The new administration will have only a narrow window to show investors that it’s serious about addressing this problem — by cutting spending or raising taxes — before they will begin to balk, making an adjustment more difficult because it could drive up borrowing costs.

 

Compounding the challenge, Brazil is only just beginning to emerge from a two-year-long recession, and growth remains stagnant. That means it can’t rely on big increases in tax revenues to help it plug the hole — and Bolsonaro has even promised to cut tax rates.

Guedes, who will lead the Economy Ministry, appeared to be sending just that signal hours after Bolsonaro’s victory on Oct. 28. He laid out a three-part plan to reduce Brazil’s public spending by passing a pension reform, privatizing state companies to draw down the debt and enacting other unspecified reforms that will reduce “privileges and waste.”

 

Pension reform will be the linchpin in reducing Brazil’s state spending for two reasons: Brazil’s government spends more on pensions than anything else, and many other parts of the budget can’t be altered because they’re mandated by the constitution.

 

Attempts to reform the pension system will likely face stiff resistance from labor unions and other groups since any measure will force Brazilians to work longer and receive fewer benefits. Bolsonaro, who in 27 years in Congress didn’t show any particular gift for building consensus, will have to build a broad coalition to get a reform through. His Social Liberal Party holds about 10 percent of the seats in next Congress, but so does the Workers’ Party, which is against such a reform and has vowed tough opposition.

President Michel Temer, who is known for his ability to negotiate with Congress, failed at that task. Still, Glauco Legat, the chief analyst at the brokerage Spinelli, points out that Bolsonaro’s decisive win gives him more legitimacy than Temer, who came to power after his predecessor was impeached in controversial proceedings.

 

Any reform will be whittled away at in order to win votes, but Monica de Bolle, director of Latin American Studies at Johns Hopkins University, says she fears Bolsonaro’s proposal will lack ambition right out of the gate since he has indicated he will leave military personnel out of it. That could also mean he will exclude other civil service sectors, which are key to taking a bite out of the problem.

 

“The watering down process is going to take place on the basis of an already diluted reform,” she said.

 

Beyond pension reform, Bolsonaro has promised to reduce the size of the state, including halving the number of ministries, and selling off state companies. Reducing the number of ministries could yield some savings, but other presidents have struggled to do that in more than name. And Bolsonaro has already taken off the table many state companies that would yield the most cash.

 

Instead, economists say that many of the savings lie in eliminating inefficiencies. Guedes didn’t give details, but if he’s serious about reducing waste, there’s plenty of it: The World Bank analysis highlighted Brazil’s high civil service salaries, a constitutional mandate on education spending that often results in spending for spending’s sake, overlapping social welfare programs and a proliferation of small hospitals in the public health system.

 

Despite the challenges, Legat said it’s important to remember that just by virtue of saying he’ll take on Brazil’s thorny issues, Bolsonaro has built momentum, which can have real-world effects.

 

“He brings optimism that’s very important for the economy in this moment,” he said. “This increase in confidence is reflected in real numbers.”

China Projected to Become Top Travel Destination by 2030 

China is set to overtake France as the world’s top tourist destination by 2030 as a growing middle class in Asia looks to spend more on travel, according to experts at market research group Euromonitor International. 

In a report published Tuesday at an industry conference in London, Euromonitor said it was predicting that 1.4 billion trips would be taken in 2018, up 5 percent from last year. Stronger growth in many major economies means industry receipts will rise by an estimated 11 percent. 

By 2030, international arrivals are expected to have risen by another billion, corresponding to around $2.6 trillion in receipts. China is expected to have overtaken France by then to become the world’s No. 1 destination. 

Much of the sustained boom in travel and tourism, which has outpaced growth in the global economy for eight years, is centered in the Asia-Pacific region, where trips are expected to grow by 10 percent this year. The region has benefited from rapidly growing economies as well as an expanding middle class that seeks to spend disposable income on leisure. 

Euromonitor’s senior travel analyst, Wouter Geerts, said the gradual process of loosening visa restrictions has made traveling in the region easier, with 80 percent of arrivals in Asia originating from the region. He also said sporting events would most likely further boost the region, with Tokyo hosting the 2020 Summer Olympic Games and Beijing the 2022 winter event. 

“Tourism is a key pillar of the Chinese economy, and much investment has been made to improve infrastructure and standards, in addition to tourism-friendly policies and initiatives,” he said. 

Egypt doing well

Other bright spots in the forecast are countries like Egypt, Tunisia and Turkey, which have seen sharp falls in tourist numbers over the past few years linked to security concerns. 

Egypt, in particular, appears to be doing well, following a long period of decline largely linked to the political upheaval since a popular uprising in 2011 and the downing of a Russian passenger plane over Egypt’s Sinai Peninsula in 2015 by an affiliate of the Islamic State group, killing 224 people. 

Though Egypt’s bookings were up 134 percent in 2017-18 from the year before, according to Euromonitor, the industry is still short of where it was in 2010. Egyptian government figures show 8 million tourists visited the country last year, well down from the 14 million recorded in 2010. 

Europe is also proving resilient and growing strongly despite economic and political turmoil in some countries and a slew of extremist attacks in recent years. 

One source of uncertainty for the outlook centers on Brexit. A “no-deal” Brexit, which would see Britain crashing out of the European Union in March, would see millions opt to stay at home — an estimated 5 million in 2022 — rather than book overseas holidays, the report says. That would have a ripple effect across many destinations, notably in Spain, where U.K. travelers account for around a fifth of the tourist-related revenues. 

Euromonitor also warned that the U.S. tourism industry could face a hit if the trade tensions between the U.S. and China escalate. 

China Projected to Become Top Travel Destination by 2030 

China is set to overtake France as the world’s top tourist destination by 2030 as a growing middle class in Asia looks to spend more on travel, according to experts at market research group Euromonitor International. 

In a report published Tuesday at an industry conference in London, Euromonitor said it was predicting that 1.4 billion trips would be taken in 2018, up 5 percent from last year. Stronger growth in many major economies means industry receipts will rise by an estimated 11 percent. 

By 2030, international arrivals are expected to have risen by another billion, corresponding to around $2.6 trillion in receipts. China is expected to have overtaken France by then to become the world’s No. 1 destination. 

Much of the sustained boom in travel and tourism, which has outpaced growth in the global economy for eight years, is centered in the Asia-Pacific region, where trips are expected to grow by 10 percent this year. The region has benefited from rapidly growing economies as well as an expanding middle class that seeks to spend disposable income on leisure. 

Euromonitor’s senior travel analyst, Wouter Geerts, said the gradual process of loosening visa restrictions has made traveling in the region easier, with 80 percent of arrivals in Asia originating from the region. He also said sporting events would most likely further boost the region, with Tokyo hosting the 2020 Summer Olympic Games and Beijing the 2022 winter event. 

“Tourism is a key pillar of the Chinese economy, and much investment has been made to improve infrastructure and standards, in addition to tourism-friendly policies and initiatives,” he said. 

Egypt doing well

Other bright spots in the forecast are countries like Egypt, Tunisia and Turkey, which have seen sharp falls in tourist numbers over the past few years linked to security concerns. 

Egypt, in particular, appears to be doing well, following a long period of decline largely linked to the political upheaval since a popular uprising in 2011 and the downing of a Russian passenger plane over Egypt’s Sinai Peninsula in 2015 by an affiliate of the Islamic State group, killing 224 people. 

Though Egypt’s bookings were up 134 percent in 2017-18 from the year before, according to Euromonitor, the industry is still short of where it was in 2010. Egyptian government figures show 8 million tourists visited the country last year, well down from the 14 million recorded in 2010. 

Europe is also proving resilient and growing strongly despite economic and political turmoil in some countries and a slew of extremist attacks in recent years. 

One source of uncertainty for the outlook centers on Brexit. A “no-deal” Brexit, which would see Britain crashing out of the European Union in March, would see millions opt to stay at home — an estimated 5 million in 2022 — rather than book overseas holidays, the report says. That would have a ripple effect across many destinations, notably in Spain, where U.K. travelers account for around a fifth of the tourist-related revenues. 

Euromonitor also warned that the U.S. tourism industry could face a hit if the trade tensions between the U.S. and China escalate. 

Amazon Mum on Reports it Will Split New Headquarters

Amazon isn’t commenting on reports that it plans to split its new headquarters between facilities in two cities rather than choosing just one.

The New York Times, citing unnamed people familiar with the decision-making process, said the company is nearing deals to locate in Queens in New York City and in the Crystal City area of Arlington, Va., outside Washington, D.C. The Wall Street Journal, which also reported the plan to split the headquarters between two cities, says Dallas is still a possibility as well.

Spokesman Adam Sedo said Amazon, which will also keep its original headquarters in Seattle, would not comment on “rumors and speculation.”

Amazon’s decision to set up another headquarters set off an intense competition to win the company and its promise of 50,000 new jobs. Some locations sought to stand out with stunts, but Amazon emphasized it wanted incentives like tax breaks and grants. It also wanted a city with more than 1 million people, an airport within 45 minutes, direct access to mass transit and room to expand.

The company received 238 proposals before narrowing the list to 20 in January.

The unexpected decision to evenly divide the 50,000 jobs between two cities will allow the company to recruit enough talent and also relieve pressures from demand for housing and transportation, the Wall Street Journal reported.

The New York Times said Amazon executives met last month with New York Gov. Andrew Cuomo and the state had offered possibly hundreds of millions of dollars’ worth of subsidies. They also met with New York City Mayor Bill de Blasio, it said.

“I’ll change my name to Amazon Cuomo if that’s what it takes,” the report cited Cuomo as saying.

Amazon has said it could spend more than $5 billion on the new headquarters over the next 17 years, about matching the size of its current home in Seattle, which has 33 buildings, 23 restaurants and 40,000 employees.

Amazon founder and CEO Jeff Bezos has said the new headquarters will be “a full equal” to its current home.

Amazon already employs 600,000 people. That’s expected to increase as it builds more warehouses across the country to keep up with online orders. The company recently announced that it would pay all its workers at least $15 an hour, but the employees at its second headquarters will be paid a lot more — Amazon says they’ll make an average of more than $100,000 a year.

Nigerian Unions, Government Agree Minimum Wage to Avert Strike

Nigerian trade unions and the government agreed to a new minimum wage proposal on Tuesday, in an attempt to avert a planned nationwide strike following threats to shutdown Africa’s biggest economy, a union official said.

Unions, which have been discussing with the government a new minimum wage proposal, had planned to commence a strike on Tuesday.

Nigerian Labor Congress (NLC) General Secretary Peter Ozo-Eson said a committee set up with the government was recommending 30,000 naira as the new monthly minimum wage, after a series of meetings, up from the current minimum of 18,000 naira.

He said the proposal, which was negotiated by senior government officials including Labor Minister Chris Ngige, would be recommended to President Muhammadu Buhari on Tuesday.

“Following … the signing of the final report recommending 30,000 naira as the recommended new national minimum wage … the strike called to commence tomorrow has been suspended,” Ozo-Eson said.

“We all need to stand ready in a state of full mobilization in case future action becomes necessary to push for the timely enactment and implementation of the new minimum wage.”

Nigeria’s main unions launched a strike in September after the wage talks broke down. Unions initially wanted the monthly minimum wage raised to about 50,000 naira ($164). But the government, which is facing dwindling revenues due to lower oil prices, declined the proposal.

Unions later suspended strikes on their fourth day, saying the government had agreed to hold talks to discuss raising the minimum wage.

Buhari had vowed to review the wage due to a fuel price hike and currency devaluation in the last two years aimed at countering the effects of a global oil price plunge that hit the country hard. Nigeria is Africa’s biggest crude producer.

Buhari plans to stand for a second term at an election next February and his economic record will come under scrutiny, given previous pledges to raise living standards, tackle corruption and improve security.

Nigerian Unions, Government Agree Minimum Wage to Avert Strike

Nigerian trade unions and the government agreed to a new minimum wage proposal on Tuesday, in an attempt to avert a planned nationwide strike following threats to shutdown Africa’s biggest economy, a union official said.

Unions, which have been discussing with the government a new minimum wage proposal, had planned to commence a strike on Tuesday.

Nigerian Labor Congress (NLC) General Secretary Peter Ozo-Eson said a committee set up with the government was recommending 30,000 naira as the new monthly minimum wage, after a series of meetings, up from the current minimum of 18,000 naira.

He said the proposal, which was negotiated by senior government officials including Labor Minister Chris Ngige, would be recommended to President Muhammadu Buhari on Tuesday.

“Following … the signing of the final report recommending 30,000 naira as the recommended new national minimum wage … the strike called to commence tomorrow has been suspended,” Ozo-Eson said.

“We all need to stand ready in a state of full mobilization in case future action becomes necessary to push for the timely enactment and implementation of the new minimum wage.”

Nigeria’s main unions launched a strike in September after the wage talks broke down. Unions initially wanted the monthly minimum wage raised to about 50,000 naira ($164). But the government, which is facing dwindling revenues due to lower oil prices, declined the proposal.

Unions later suspended strikes on their fourth day, saying the government had agreed to hold talks to discuss raising the minimum wage.

Buhari had vowed to review the wage due to a fuel price hike and currency devaluation in the last two years aimed at countering the effects of a global oil price plunge that hit the country hard. Nigeria is Africa’s biggest crude producer.

Buhari plans to stand for a second term at an election next February and his economic record will come under scrutiny, given previous pledges to raise living standards, tackle corruption and improve security.

In China, Female Pilots Strain to Hold Up Half the Sky

When Han Siyuan first decided to apply for a job as a pilot cadet in 2008, she was up against 400 female classmates in China on tests measuring everything from their command of English to the length of their legs.

Eventually, she became the only woman from her university that Shanghai-based Spring Airlines picked for training that year. She is now a captain for the Chinese budget carrier, but it has not become much easier for the women who have come after her.

Han is one of just 713 women in China who, at the end of 2017, held a license to fly civilian aircraft, compared with 55,052 men. Of Spring Airlines’ 800 pilots, only six are women.

“I’ve gotten used to living in a man’s world,” she said.

China’s proportion of female pilots — at 1.3 percent — is one of the world’s lowest, which analysts and pilots attribute to social perceptions and male-centric hiring practices by Chinese airlines.

But Chinese airlines are struggling with an acute pilot shortage amid surging travel demand, and female pilots are drawing attention to the gender imbalance.

Chinese carriers will need 128,000 new pilots over the next two decades, according to forecasts by planemaker Boeing, and the shortfall has so far prompted airlines to aggressively hire foreign captains and Chinese regulators to relax physical entry requirements for cadets.

“The mission is to start cutting down the thorns that cover this road, to make it easier for those who come after us,” said Chen Jingxian, a Shanghai-based lawyer who learned to fly in the United States and is among those urging change.

‘Token Efforts’

Such issues are not confined to China; the proportion of female pilots in South Korea and Japan, where such jobs do not conform to widespread gender stereotypes, is also less than 3 percent.

But it is a sharp contrast to the situation in India, which, like China, has a fast-growing aviation market. But thanks to aggressive recruiting and support such as day care, India has the world’s highest proportion of female commercial pilots, at 12 percent.

China’s airlines only hire cadets directly from universities or the military. They often limit recruitment drives to male applicants and very rarely take in female cohorts.

In addition, unlike in other markets, such as the United States, China does not allow people to convert private flying licenses to commercial certificates for flying airliners.

Li Haipeng, deputy director of the Civil Aviation Management Institute of China’s general aviation department, said many airlines were also dissuaded to hire women by generous maternity leave policies. That has been further aggravated by Beijing’s move in 2015 to change the one-child policy, he added.

“Male pilots do not have the issue of not being able to fly for two years after giving birth, and after the introduction of the second-child policy, airlines are not willing to recruit and train a pilot only to have her not being able to fly for about five years,” he said.

He said Air China, China Eastern Airlines and China Southern Airlines had all made some effort to recruit female pilots, adding “nearly all other companies do not.”

China Eastern  and China Southern declined to comment while Air China did not respond to Reuters’ requests for comment.

Pilots said that hiring decisions were usually left to individual airlines and did not appear to be driven by the country’s regulator, the Civil Aviation Administration of China, whose recruitment requirements do not mention gender.

Xiamen Airlines, a China Southern subsidiary, told Reuters it offers up to 540 days of maternity leave. It started recruiting female pilots in 2008, and paused for a few years in between before resuming last year. Out of its 2,700 pilots, 18 are women while another 18 are in training.

“Allowing more women to become pilots is undoubtedly a good way to supplement (an airline’s) flying capability,” a spokesman for the carrier said.

Persuasion and Publicity

The strongest calls for change are coming mostly from Chinese female pilots, thanks to a slew of returnees who learned how to fly while living abroad in countries like the United States.

In March, the China Airline Pilots Association (ChALPA) established a female branch at an event attended by pilots from the People’s Liberation Army Air Force and local airlines, according to media reports.

Chen, the lawyer who also serves as a vice president of the ChALPA’s women’s branch, said she and others have been trying to spread the word by speaking about the issue at air shows in China.

Eventually, she said, the organization hopes to persuade Chinese airlines to adjust their recruitment and maternity policies.

Another key obstacle to tackle, she added, was the inability of general aviation pilots to shift to the commercial sector.

“It’s a systemic issue,” she said. “We hope that change can happen in three to five years, but this is not something that is up to us.”

Others like Han, who in recent months has appeared in Spring Airlines promotional videos, said she hoped the growing publicity would help to raise awareness.

“I can’t personally give people opportunities,” she said.

“But I hope that (the publicity) can slowly help open the door for companies or for girls with dreams to fly.”

In China, Female Pilots Strain to Hold Up Half the Sky

When Han Siyuan first decided to apply for a job as a pilot cadet in 2008, she was up against 400 female classmates in China on tests measuring everything from their command of English to the length of their legs.

Eventually, she became the only woman from her university that Shanghai-based Spring Airlines picked for training that year. She is now a captain for the Chinese budget carrier, but it has not become much easier for the women who have come after her.

Han is one of just 713 women in China who, at the end of 2017, held a license to fly civilian aircraft, compared with 55,052 men. Of Spring Airlines’ 800 pilots, only six are women.

“I’ve gotten used to living in a man’s world,” she said.

China’s proportion of female pilots — at 1.3 percent — is one of the world’s lowest, which analysts and pilots attribute to social perceptions and male-centric hiring practices by Chinese airlines.

But Chinese airlines are struggling with an acute pilot shortage amid surging travel demand, and female pilots are drawing attention to the gender imbalance.

Chinese carriers will need 128,000 new pilots over the next two decades, according to forecasts by planemaker Boeing, and the shortfall has so far prompted airlines to aggressively hire foreign captains and Chinese regulators to relax physical entry requirements for cadets.

“The mission is to start cutting down the thorns that cover this road, to make it easier for those who come after us,” said Chen Jingxian, a Shanghai-based lawyer who learned to fly in the United States and is among those urging change.

‘Token Efforts’

Such issues are not confined to China; the proportion of female pilots in South Korea and Japan, where such jobs do not conform to widespread gender stereotypes, is also less than 3 percent.

But it is a sharp contrast to the situation in India, which, like China, has a fast-growing aviation market. But thanks to aggressive recruiting and support such as day care, India has the world’s highest proportion of female commercial pilots, at 12 percent.

China’s airlines only hire cadets directly from universities or the military. They often limit recruitment drives to male applicants and very rarely take in female cohorts.

In addition, unlike in other markets, such as the United States, China does not allow people to convert private flying licenses to commercial certificates for flying airliners.

Li Haipeng, deputy director of the Civil Aviation Management Institute of China’s general aviation department, said many airlines were also dissuaded to hire women by generous maternity leave policies. That has been further aggravated by Beijing’s move in 2015 to change the one-child policy, he added.

“Male pilots do not have the issue of not being able to fly for two years after giving birth, and after the introduction of the second-child policy, airlines are not willing to recruit and train a pilot only to have her not being able to fly for about five years,” he said.

He said Air China, China Eastern Airlines and China Southern Airlines had all made some effort to recruit female pilots, adding “nearly all other companies do not.”

China Eastern  and China Southern declined to comment while Air China did not respond to Reuters’ requests for comment.

Pilots said that hiring decisions were usually left to individual airlines and did not appear to be driven by the country’s regulator, the Civil Aviation Administration of China, whose recruitment requirements do not mention gender.

Xiamen Airlines, a China Southern subsidiary, told Reuters it offers up to 540 days of maternity leave. It started recruiting female pilots in 2008, and paused for a few years in between before resuming last year. Out of its 2,700 pilots, 18 are women while another 18 are in training.

“Allowing more women to become pilots is undoubtedly a good way to supplement (an airline’s) flying capability,” a spokesman for the carrier said.

Persuasion and Publicity

The strongest calls for change are coming mostly from Chinese female pilots, thanks to a slew of returnees who learned how to fly while living abroad in countries like the United States.

In March, the China Airline Pilots Association (ChALPA) established a female branch at an event attended by pilots from the People’s Liberation Army Air Force and local airlines, according to media reports.

Chen, the lawyer who also serves as a vice president of the ChALPA’s women’s branch, said she and others have been trying to spread the word by speaking about the issue at air shows in China.

Eventually, she said, the organization hopes to persuade Chinese airlines to adjust their recruitment and maternity policies.

Another key obstacle to tackle, she added, was the inability of general aviation pilots to shift to the commercial sector.

“It’s a systemic issue,” she said. “We hope that change can happen in three to five years, but this is not something that is up to us.”

Others like Han, who in recent months has appeared in Spring Airlines promotional videos, said she hoped the growing publicity would help to raise awareness.

“I can’t personally give people opportunities,” she said.

“But I hope that (the publicity) can slowly help open the door for companies or for girls with dreams to fly.”

China Hosts Import Expo, Pledges to Buy More

Foreign governments and businesses were hoping Chinese President Xi Jinping would use the opening of China’s first international import expo to make specific announcements about reforms for trade and investment.  But that did not happen, and some saw the measures Xi rolled out Monday as falling short of expectations.

 

“We were waiting today for President Xi to inform the world about the reform that will take place in the coming days, but what we wanted to hear, (such as) the complete steps on implementing the reform and a clear timetable did not appear,” said Carlo Diego D’Andrea, vice president and Shanghai Chapter chairman of the European Chamber of Commerce in China.

 

In his speech, President Xi said China would relax barriers to access in areas such as financial services, agriculture, mining and education and boost the consumption of imported goods as well as lower tariffs.  He also said China would create a better business environment with a sound regulatory system, including bolstering punitive measures for violations of intellectual property rights.

 

On the issue of protection of intellectual property rights, Xi admitted China has room to improve, but he also followed up by saying those who complain about Chinese commercial practices should not hold a flashlight that only exposes others and not themselves.

 

Xi did not mention the United States directly or President Donald Trump’s tariffs, but some of his remarks appeared to be directed towards Washington.

 

As trade frictions with the United States continue, Xi pledged to boost imports and said China would import as much as $30 trillion in goods and $10 trillion in services during the next 15 years.  Last year, China imported $1.84 trillion in goods and $458 billion in services.

 

“China will lower tariffs, make customs clearance more convenient, reduce institutional costs in the import sector, and accelerate the development of new business models,” Xi said.

 

Although the China International Import Expo was planned well before trade tensions with the United States began to peak, some believe Beijing is using its hosting of the exhibition as an attempt to shift the country’s growing buying power elsewhere.

 

China’s middle class is nearly as large as the entire population of the United States.

Thousands of foreign companies are participating in the expo.  Some countries, such as Kenya, even have national pavilions at the event to help attract interest in their products and to boost ties.  Kenya’s President Uhuru Kenyatta was among several leaders who spoke at the opening ceremony Monday in addition to Xi.

 

Kenyatta was optimistic about trade opportunities with Beijing.  The Kenyan president noted how China is his nation’s biggest trading partner, with trade growing from $471 million in 2007 to $4 billion in 2017.

 

“This trade, however, was skewed heavily in favor of China,” Kenyatta said, noting concerns similar to those coming out of Washington.  “It is important therefore to correct the trade imbalance and enable a fairer share of trade.”

 

Xi voiced support for CIIE host city Shanghai as a center for technology and innovation, noting that it would continue to take the lead going forward.

 

China wants Shanghai to be one of the world’s leading global financial centers by 2020 and Xi expressed his support for the Shanghai stock indexes’ technology and innovation bourse that was launched in 2015, but has had lackluster appeal.

 

Tang Xuan, an assistant to the chairman of Nanliv Nano Technology, which is based in Shanghai, hoped the comments would give the index a boost.

 

“With Chairman Xi’s support, the high-tech innovation stock index may likely become more open and more active in future, which will perhaps spell good news for companies like ours and provide a stepping stone for us before we list on the main bourse,” Tang said.

 

But analysts say boosting confidence and growing the country’s attractiveness for investment will take more than just soundbites or massive trade shows.

 

Despite all of its proclaimed allegiance to openness and progress during the past four decades, China remains one of the world’s most protectionist economies.  The Organization for Economic Cooperation and Development ranks China 59 out of 62 countries in terms of openness for foreign direct investment.

 

D’Andrea said the expo will definitely help many countries reduce their trade deficits with China, but it will not address the country’s internal reform deficit.

 

“At the moment, the lack of internal reform, plus the external pressure made by the Trump administration and the trade dispute behind the U.S. and China may put on hold further investment from European countries into Chinese markets,” D’Andrea said.

China Hosts Import Expo, Pledges to Buy More

Foreign governments and businesses were hoping Chinese President Xi Jinping would use the opening of China’s first international import expo to make specific announcements about reforms for trade and investment.  But that did not happen, and some saw the measures Xi rolled out Monday as falling short of expectations.

 

“We were waiting today for President Xi to inform the world about the reform that will take place in the coming days, but what we wanted to hear, (such as) the complete steps on implementing the reform and a clear timetable did not appear,” said Carlo Diego D’Andrea, vice president and Shanghai Chapter chairman of the European Chamber of Commerce in China.

 

In his speech, President Xi said China would relax barriers to access in areas such as financial services, agriculture, mining and education and boost the consumption of imported goods as well as lower tariffs.  He also said China would create a better business environment with a sound regulatory system, including bolstering punitive measures for violations of intellectual property rights.

 

On the issue of protection of intellectual property rights, Xi admitted China has room to improve, but he also followed up by saying those who complain about Chinese commercial practices should not hold a flashlight that only exposes others and not themselves.

 

Xi did not mention the United States directly or President Donald Trump’s tariffs, but some of his remarks appeared to be directed towards Washington.

 

As trade frictions with the United States continue, Xi pledged to boost imports and said China would import as much as $30 trillion in goods and $10 trillion in services during the next 15 years.  Last year, China imported $1.84 trillion in goods and $458 billion in services.

 

“China will lower tariffs, make customs clearance more convenient, reduce institutional costs in the import sector, and accelerate the development of new business models,” Xi said.

 

Although the China International Import Expo was planned well before trade tensions with the United States began to peak, some believe Beijing is using its hosting of the exhibition as an attempt to shift the country’s growing buying power elsewhere.

 

China’s middle class is nearly as large as the entire population of the United States.

Thousands of foreign companies are participating in the expo.  Some countries, such as Kenya, even have national pavilions at the event to help attract interest in their products and to boost ties.  Kenya’s President Uhuru Kenyatta was among several leaders who spoke at the opening ceremony Monday in addition to Xi.

 

Kenyatta was optimistic about trade opportunities with Beijing.  The Kenyan president noted how China is his nation’s biggest trading partner, with trade growing from $471 million in 2007 to $4 billion in 2017.

 

“This trade, however, was skewed heavily in favor of China,” Kenyatta said, noting concerns similar to those coming out of Washington.  “It is important therefore to correct the trade imbalance and enable a fairer share of trade.”

 

Xi voiced support for CIIE host city Shanghai as a center for technology and innovation, noting that it would continue to take the lead going forward.

 

China wants Shanghai to be one of the world’s leading global financial centers by 2020 and Xi expressed his support for the Shanghai stock indexes’ technology and innovation bourse that was launched in 2015, but has had lackluster appeal.

 

Tang Xuan, an assistant to the chairman of Nanliv Nano Technology, which is based in Shanghai, hoped the comments would give the index a boost.

 

“With Chairman Xi’s support, the high-tech innovation stock index may likely become more open and more active in future, which will perhaps spell good news for companies like ours and provide a stepping stone for us before we list on the main bourse,” Tang said.

 

But analysts say boosting confidence and growing the country’s attractiveness for investment will take more than just soundbites or massive trade shows.

 

Despite all of its proclaimed allegiance to openness and progress during the past four decades, China remains one of the world’s most protectionist economies.  The Organization for Economic Cooperation and Development ranks China 59 out of 62 countries in terms of openness for foreign direct investment.

 

D’Andrea said the expo will definitely help many countries reduce their trade deficits with China, but it will not address the country’s internal reform deficit.

 

“At the moment, the lack of internal reform, plus the external pressure made by the Trump administration and the trade dispute behind the U.S. and China may put on hold further investment from European countries into Chinese markets,” D’Andrea said.

Xi Pledges to Open Chinese Market

Chinese President Xi Jinping said Monday that China would take steps to widen access to its markets as he opened a huge trade fair amid criticism from other countries about China’s economic and business practices.

Xi said China would lower tariffs, take more action to punish violations of intellectual property rights, and work to boost domestic consumption of imported goods.

Speaking at the trade expo in Shanghai, Xi pledged to “embrace the world” as China promotes the growing consumer market in the world’s second-largest economy.

He did not mention U.S. President Donald Trump by name, but alluded to Trump’s “America first” economic policies by criticizing isolationism and citing a need to defend multilateral trade.

​The United States and China are locked in a battle over trade, with Trump complaining about the trade gap between the two countries and accusing China of stealing intellectual property and imposing policies that make it more difficult for U.S. companies to access the Chinese market.

Trump has announced boosted tariffs on $250 billion of Chinese goods, while China has countered with $110 billion in tariffs on U.S. products. Xi and Trump are expected to meet later this month.

The European Union has also complained about China’s trade policies, including criticizing Xi for not following through on earlier reform pledges. The EU called last week for Xi to present concrete steps to opening its market.

Xi Pledges to Open Chinese Market

Chinese President Xi Jinping said Monday that China would take steps to widen access to its markets as he opened a huge trade fair amid criticism from other countries about China’s economic and business practices.

Xi said China would lower tariffs, take more action to punish violations of intellectual property rights, and work to boost domestic consumption of imported goods.

Speaking at the trade expo in Shanghai, Xi pledged to “embrace the world” as China promotes the growing consumer market in the world’s second-largest economy.

He did not mention U.S. President Donald Trump by name, but alluded to Trump’s “America first” economic policies by criticizing isolationism and citing a need to defend multilateral trade.

​The United States and China are locked in a battle over trade, with Trump complaining about the trade gap between the two countries and accusing China of stealing intellectual property and imposing policies that make it more difficult for U.S. companies to access the Chinese market.

Trump has announced boosted tariffs on $250 billion of Chinese goods, while China has countered with $110 billion in tariffs on U.S. products. Xi and Trump are expected to meet later this month.

The European Union has also complained about China’s trade policies, including criticizing Xi for not following through on earlier reform pledges. The EU called last week for Xi to present concrete steps to opening its market.

New Orleans Restaurateur Aims for Inclusivity in New Venture

When employees enter Saba — an Israeli restaurant started by award-winning chef Alon Shaya — they pass by the company’s mission statement, which emphasizes the importance of a safe and comfortable working environment. Only at the end does it really get around to food with the words: “Then, we will cook and serve and be happy.”

“The team is number one and that is who we are as a company,” said Shaya, explaining the genesis of his and his wife’s new venture, Pomegranate Hospitality , which includes restaurants in New Orleans and Denver, and the environment he hopes to create for the company’s nearly 150 employees.

Discussions about new restaurants generally revolve around the food. And at Saba the piping hot pita bread or the blue crab hummus is discussion-worthy. But long before the first plate of shakshouka was served, Shaya and his team focused on how to create an inclusive work environment different than the toxic restaurant workplaces exposed by the #MeToo movement.

Just over a year ago, Shaya was part owner and executive chef of three restaurants in the Besh Restaurant Group, headed by New Orleans chef John Besh, including his James Beard-awarding winning namesake Israeli restaurant.

Then a story in NOLA.com/The Times-Picayune detailed allegations of sexual misconduct in Besh’s company, causing Besh to step down. Shaya wasn’t personally accused of misconduct but the story detailed allegations of harassment at two of his restaurants. Shaya was quoted in the story about concerns he had over BRG’s then-lack of a human resources department. Shaya has said that’s what led to his firing — something Besh’s company disputed. A messy legal battle ensued during which Shaya lost all rights to his namesake restaurant.

Fast forward to current day: Shaya sits at Saba discussing the policies and procedures Pomegranate has put in place to ensure a safe working environment.

The interview process includes questions way beyond whether a person has waited tables before (‘What was the last gift you bought for somebody?’). Management holds 30- and 90-day chats with new employees and then every six months. The restaurants are closed Monday and Tuesday so everyone has a guaranteed two days in a row off.

Women populate high-profile roles including executive chef in New Orleans. About 60 percent of each restaurant’s staff is women. They’ve adopted ideas from other restaurants including a system used by Erin Wade at the Oakland, California-based Homeroom to deal with sexual harassment and a code of conduct for guest chefs used by Raleigh, N.C.-based restaurateur Ashley Christiansen.

Service is limited during 2:30 to 4 p.m. so the staff can sit together for a meal, often accompanied by staff presentations to their co-workers. Some topics are work-related. But employees are also encouraged to share what interests them. During a recent session, cook Timmy Harris talked to the waiters, managers, and cooks about existentialism, Southern literature and author Walker Percy.

“It kind of drives home the point that this is a place for people to develop themselves. It’s not just a restaurant. We’re not just slinging pita,” Harris said after.

Shaya said he can’t talk much about what happened while working at BRG for legal reasons but says now that he and his wife own their company they’re able to create the structure they want.

“Even in our restaurants someone will be inappropriate at some point,” Shaya said. “And I know that when that happens people are going to jump on it because people have really bought into the values.”

Experts say many issues have contributed to sexual misconduct in the restaurant industry, including a tipping structure that can inhibit servers — often women — from complaining about out-of-line customers, little training for managers and high turnover. Restaurants’ small size — often family-owned or single units — has historically meant they don’t have strong HR policies, said Juan Madera, an associate professor at the Conrad N. Hilton College of Hotel and Restaurant Management.

Allegations of sexual misconduct at restaurants and the wider #MeToo discussion have been a “wakeup call for restaurants,” Madera said. He’s hearing from restaurant associations and others who want to figure out how to prevent sexual harassment in the workplace.

Raleigh, N.C.-based chef and restaurateur Ashley Christiansen, who talked with Shaya about his new venture, says a restaurant’s HR presence is as important as the food or the linen service. She says it’s difficult to measure how much progress has been made across the industry since the growth of the #MeToo movement, but she sees cause for optimism.

“I feel like it’s the thing I talk about more than food now, and I think that’s a positive thing,” she said.

Shaya says his new venture hasn’t been without problems. He’s fired one person who was cursing at another employee. But he’s also been inspired by staff members calling out someone who makes an off-color joke or not tolerating negativity.

“We’ve taken it down to the very basics of kindness, and we stick to it and I feel that we’ve attracted a lot of people who believe in that,” he said.

New Orleans Restaurateur Aims for Inclusivity in New Venture

When employees enter Saba — an Israeli restaurant started by award-winning chef Alon Shaya — they pass by the company’s mission statement, which emphasizes the importance of a safe and comfortable working environment. Only at the end does it really get around to food with the words: “Then, we will cook and serve and be happy.”

“The team is number one and that is who we are as a company,” said Shaya, explaining the genesis of his and his wife’s new venture, Pomegranate Hospitality , which includes restaurants in New Orleans and Denver, and the environment he hopes to create for the company’s nearly 150 employees.

Discussions about new restaurants generally revolve around the food. And at Saba the piping hot pita bread or the blue crab hummus is discussion-worthy. But long before the first plate of shakshouka was served, Shaya and his team focused on how to create an inclusive work environment different than the toxic restaurant workplaces exposed by the #MeToo movement.

Just over a year ago, Shaya was part owner and executive chef of three restaurants in the Besh Restaurant Group, headed by New Orleans chef John Besh, including his James Beard-awarding winning namesake Israeli restaurant.

Then a story in NOLA.com/The Times-Picayune detailed allegations of sexual misconduct in Besh’s company, causing Besh to step down. Shaya wasn’t personally accused of misconduct but the story detailed allegations of harassment at two of his restaurants. Shaya was quoted in the story about concerns he had over BRG’s then-lack of a human resources department. Shaya has said that’s what led to his firing — something Besh’s company disputed. A messy legal battle ensued during which Shaya lost all rights to his namesake restaurant.

Fast forward to current day: Shaya sits at Saba discussing the policies and procedures Pomegranate has put in place to ensure a safe working environment.

The interview process includes questions way beyond whether a person has waited tables before (‘What was the last gift you bought for somebody?’). Management holds 30- and 90-day chats with new employees and then every six months. The restaurants are closed Monday and Tuesday so everyone has a guaranteed two days in a row off.

Women populate high-profile roles including executive chef in New Orleans. About 60 percent of each restaurant’s staff is women. They’ve adopted ideas from other restaurants including a system used by Erin Wade at the Oakland, California-based Homeroom to deal with sexual harassment and a code of conduct for guest chefs used by Raleigh, N.C.-based restaurateur Ashley Christiansen.

Service is limited during 2:30 to 4 p.m. so the staff can sit together for a meal, often accompanied by staff presentations to their co-workers. Some topics are work-related. But employees are also encouraged to share what interests them. During a recent session, cook Timmy Harris talked to the waiters, managers, and cooks about existentialism, Southern literature and author Walker Percy.

“It kind of drives home the point that this is a place for people to develop themselves. It’s not just a restaurant. We’re not just slinging pita,” Harris said after.

Shaya said he can’t talk much about what happened while working at BRG for legal reasons but says now that he and his wife own their company they’re able to create the structure they want.

“Even in our restaurants someone will be inappropriate at some point,” Shaya said. “And I know that when that happens people are going to jump on it because people have really bought into the values.”

Experts say many issues have contributed to sexual misconduct in the restaurant industry, including a tipping structure that can inhibit servers — often women — from complaining about out-of-line customers, little training for managers and high turnover. Restaurants’ small size — often family-owned or single units — has historically meant they don’t have strong HR policies, said Juan Madera, an associate professor at the Conrad N. Hilton College of Hotel and Restaurant Management.

Allegations of sexual misconduct at restaurants and the wider #MeToo discussion have been a “wakeup call for restaurants,” Madera said. He’s hearing from restaurant associations and others who want to figure out how to prevent sexual harassment in the workplace.

Raleigh, N.C.-based chef and restaurateur Ashley Christiansen, who talked with Shaya about his new venture, says a restaurant’s HR presence is as important as the food or the linen service. She says it’s difficult to measure how much progress has been made across the industry since the growth of the #MeToo movement, but she sees cause for optimism.

“I feel like it’s the thing I talk about more than food now, and I think that’s a positive thing,” she said.

Shaya says his new venture hasn’t been without problems. He’s fired one person who was cursing at another employee. But he’s also been inspired by staff members calling out someone who makes an off-color joke or not tolerating negativity.

“We’ve taken it down to the very basics of kindness, and we stick to it and I feel that we’ve attracted a lot of people who believe in that,” he said.

China Seeks to Rebrand Global Image With Import Expo 

Facing a blizzard of trade complaints, China is throwing an “open for business” import fair hosted by President Xi Jinping to rebrand itself as a welcoming market and positive global force. 

More than 3,000 companies from 130 countries selling everything from Egyptian dates to factory machinery are attending the China International Import Expo, opening Monday in the commercial hub of Shanghai. Its VIP guest list includes prime ministers and other leaders from Russia, Pakistan and Vietnam. 

The United States, fighting a tariff war with Beijing, has no plans to send a high-level envoy. 

Xi’s government is emphasizing the promise of China’s growing consumer market to help defuse complaints Beijing abuses the global trading system by reneging on promises to open its industries. 

“This says, look, we’re not a global parasite that is creating massive deficits, we are buying goods,” said Kerry Brown, a Chinese politics specialist at King’s College London. 

The event also is part of efforts to develop a trading network centered on China and increase its influence in a Western-dominated global system. 

President Donald Trump and his “America First” trade policies that threaten to raise import barriers to the world’s biggest consumer market loom in the background. 

Exporters, especially developing countries, want closer relations with China to help “insulate themselves from what is happening with Trump and the U.S.,” said Gareth Leather of Capital Economics. 

China has cut tariffs and announced other measures this year to boost imports, which rose 15.9 percent in 2017 to $1.8 trillion. But none addresses the U.S. complaints about its technology policy that prompted Trump to impose penalty tariffs of up to 25 percent on $250 billion worth of Chinese imports. Beijing has responded with tariff hikes on $110 billion worth of American imports. 

Chinese ambitions

Chinese leaders have rejected pressure to roll back plans such as “Made in China 2025,” which calls for state-led creation of global champions in robotics and other fields, ambitions that some American officials worry will undermine U.S. industrial leadership. 

To keep the economy growing, China needs to nurture its consumer market, and that requires more imports. 

But foreign companies say regulators are still trying to squeeze them out of promising industries and that they face pressure to hand over technology. 

The Shanghai expo “will be of little consequence to U.S. and other companies unless its pageantry is matched by meaningful and measurable changes in China trade practices,” Kenneth Jarrett, president of the American Chamber of Commerce in Shanghai, said in an email. 

Some companies might get a brief sales boost, “but its long-run impact will be defined by China’s willingness to end many of its unfair trade practices,” said Jarrett. 

Europe, Japan and other trading partners have been leery of Trump’s tactics but echo U.S. complaints. 

They say Beijing improperly hampers access to finance, logistics and other service industries. European leaders are frustrated that Beijing bars foreign acquisitions of most assets while its own companies are on a global buying spree. 

Writing in a Chinese business magazine, the French and German ambassadors to Beijing appealed for changes including an end to requirements that foreign companies operate in joint ventures with state-owned partners. They called for an overhaul of rules they say hinder companies from profiting from and protecting their technology. 

“We encourage China to address these issues through concrete and systematic measures that go beyond tariff adjustments,” Ambassadors Jean-Maurice Ripert of France and Clemens von Goetze of Germany wrote in the magazine Caixin. 

China already is the No. 1 trading partner for all its Asian neighbors, though a big share of the iron ore, industrial components and other goods it buys are turned into smartphones, TV sets and other goods for export. 

Better access to some goods

Tariff cuts announced over the past year were aimed at giving Chinese consumers better access to foreign goods. Chinese leaders emphasize those include anti-cancer drugs and other medical products. But many are specialty goods such as high-end baby strollers, avocados and mineral water that don’t compete with Chinese suppliers. 

The Shanghai expo also gives Beijing a chance to repair its image following complaints about its “Belt and Road Initiative” to expand trade by building ports, railways and other infrastructure across a vast arc of 65 countries from the South Pacific through Asia to Africa and Europe. 

Governments including Nepal, Sri Lanka and Thailand have scrapped or scaled back projects because of high costs or complaints that too little work goes to local companies. Sri Lanka, Kenya and other nations have run into trouble repaying Chinese loans. 

“It’s become too associated with debt and China getting what it wants,” said Brown. “They are trying to get out this more positive message that China is open for business.”  

Record Imports Balloon US Trade Deficit in September

A hungry American economy powered by a strong U.S. dollar saw record imports in September, driving the U.S. trade deficit to its highest level in seven months, the government reported Friday. 

And amid President Donald Trump’s trade war with Beijing, the U.S. trade deficit with China swelled again, as crucial soybean exports — a sore spot for Republicans in next week’s midterm elections — continued to suffer. 

With rising wages and low unemployment, Americans purchased more foreign-made telecommunications equipment, computers, mobile phones, aircraft engines, clothing and toys, the Commerce Department said. 

The U.S. trade deficit posted its fourth straight monthly increase, rising 1.3 percent to a seasonally adjusted $54 billion, significantly overshooting analyst forecasts, as imports hit $266.6 billion, the highest level ever recorded. Exports also rose to $212.6 billion. 

The U.S. trade gap has increased a steep 10.1 percent so far this year. 

The expanding trade gap should weigh on GDP calculations in the third quarter, although many estimates may already have factored in the trade drag. 

Record imports from China

Trade with China, a central target of Trump’s aggressive economic agenda, was a clear culprit, as the deficit in goods with the world’s second-largest economy jumped $3 billion to $37.4 billion, seasonally adjusted. 

Goods imports from China hit a record of $47.7 billion, seasonally adjusted, an increase of $3.5 billion from August. 

The trade report showed American producers sold more gold, petroleum products and civilian aircraft, but exports of soybeans fell $700 billion from August, also largely the result of the trade spat with China. 

U.S. imports rose faster than exports on robust spending by companies and consumers — driving the U.S. goods deficit to its highest level ever recorded at $76.3 billion. 

U.S. goods imports also were the highest ever, at $217.6 billion. 

Analysts say recent tax cuts and fiscal stimulus should support demand that outstrips domestic production, keeping imports high and allowing the trade gap to widen further. 

Excluding oil and aircraft, U.S. exports fell at an annual rate of 8.6 percent, something Ian Shepherdson of Pantheon Macroeconomics called “grim.” 

Trump said Thursday that he had spoken to Chinese President Xi Jinping about trade confrontation, and the leaders are expected to meet late this month at the Group of 20 summit in Argentina. 

That will be a chance for the two to work toward ending a deadlock, which has imposed steep tariffs on hundreds of millions of dollars in two-way trade. 

No high hopes

However, senior White House economic adviser Larry Kudlow poured cold water on expectations for a breakthrough. 

“Look, there’s no massive movement to deal with trade,” Kudlow told CNBC on Friday. 

Markets, manufacturers and importers are bracing for a stiff increase in U.S. duties on Chinese goods, which are due to rise to 25 percent on January 1. 

Trump has slapped tariffs on more than $250 billion in imports from China, alleging massive state intervention and technological theft, and has sought leverage in talks by threatening to put duties on all Chinese imports. 

Wall Street interrupted this week’s rally, closing down sharply on fears the U.S.-China trade war could worsen. 

“The risks from a trade war remain our biggest concern in light of recent events,” Oxford Economics said in a research note. 

Record Imports Balloon US Trade Deficit in September

A hungry American economy powered by a strong U.S. dollar saw record imports in September, driving the U.S. trade deficit to its highest level in seven months, the government reported Friday. 

And amid President Donald Trump’s trade war with Beijing, the U.S. trade deficit with China swelled again, as crucial soybean exports — a sore spot for Republicans in next week’s midterm elections — continued to suffer. 

With rising wages and low unemployment, Americans purchased more foreign-made telecommunications equipment, computers, mobile phones, aircraft engines, clothing and toys, the Commerce Department said. 

The U.S. trade deficit posted its fourth straight monthly increase, rising 1.3 percent to a seasonally adjusted $54 billion, significantly overshooting analyst forecasts, as imports hit $266.6 billion, the highest level ever recorded. Exports also rose to $212.6 billion. 

The U.S. trade gap has increased a steep 10.1 percent so far this year. 

The expanding trade gap should weigh on GDP calculations in the third quarter, although many estimates may already have factored in the trade drag. 

Record imports from China

Trade with China, a central target of Trump’s aggressive economic agenda, was a clear culprit, as the deficit in goods with the world’s second-largest economy jumped $3 billion to $37.4 billion, seasonally adjusted. 

Goods imports from China hit a record of $47.7 billion, seasonally adjusted, an increase of $3.5 billion from August. 

The trade report showed American producers sold more gold, petroleum products and civilian aircraft, but exports of soybeans fell $700 billion from August, also largely the result of the trade spat with China. 

U.S. imports rose faster than exports on robust spending by companies and consumers — driving the U.S. goods deficit to its highest level ever recorded at $76.3 billion. 

U.S. goods imports also were the highest ever, at $217.6 billion. 

Analysts say recent tax cuts and fiscal stimulus should support demand that outstrips domestic production, keeping imports high and allowing the trade gap to widen further. 

Excluding oil and aircraft, U.S. exports fell at an annual rate of 8.6 percent, something Ian Shepherdson of Pantheon Macroeconomics called “grim.” 

Trump said Thursday that he had spoken to Chinese President Xi Jinping about trade confrontation, and the leaders are expected to meet late this month at the Group of 20 summit in Argentina. 

That will be a chance for the two to work toward ending a deadlock, which has imposed steep tariffs on hundreds of millions of dollars in two-way trade. 

No high hopes

However, senior White House economic adviser Larry Kudlow poured cold water on expectations for a breakthrough. 

“Look, there’s no massive movement to deal with trade,” Kudlow told CNBC on Friday. 

Markets, manufacturers and importers are bracing for a stiff increase in U.S. duties on Chinese goods, which are due to rise to 25 percent on January 1. 

Trump has slapped tariffs on more than $250 billion in imports from China, alleging massive state intervention and technological theft, and has sought leverage in talks by threatening to put duties on all Chinese imports. 

Wall Street interrupted this week’s rally, closing down sharply on fears the U.S.-China trade war could worsen. 

“The risks from a trade war remain our biggest concern in light of recent events,” Oxford Economics said in a research note. 

US Added 250,000 Jobs, Wage Growth Fastest Since 2009

U.S. employers added a stellar 250,000 jobs last month and boosted average pay by the most in nearly a decade in an effort to attract and keep workers.

 

The Labor Department’s monthly jobs report, the last major economic data before the Nov. 6 election, also shows the unemployment rate remained at a five-decade low of 3.7 percent.

 

The influx of new job-seekers lifted the proportion of Americans with jobs to the highest level since January 2009.

 

Consumers are the most confident they have been in 18 years and are spending freely and propelling brisk economic growth. The U.S. economy is in its 10th year of expansion, the second-longest such period on record, and October marks the 100th straight month of hiring, a record streak.

 

 

US Added 250,000 Jobs, Wage Growth Fastest Since 2009

U.S. employers added a stellar 250,000 jobs last month and boosted average pay by the most in nearly a decade in an effort to attract and keep workers.

 

The Labor Department’s monthly jobs report, the last major economic data before the Nov. 6 election, also shows the unemployment rate remained at a five-decade low of 3.7 percent.

 

The influx of new job-seekers lifted the proportion of Americans with jobs to the highest level since January 2009.

 

Consumers are the most confident they have been in 18 years and are spending freely and propelling brisk economic growth. The U.S. economy is in its 10th year of expansion, the second-longest such period on record, and October marks the 100th straight month of hiring, a record streak.

 

 

Trump Signs Sanctions Order Targeting Venezuela’s Gold Exports

Washington ratcheted up pressure on Venezuela’s leftist President Nicolas Maduro on Thursday with new measures aimed at disrupting the South American country’s gold exports, U.S. national security adviser John Bolton said.

Bolton promised a tough stance by the Trump administration toward “dictators and despots near our shores” and singled out Venezuela, Cuba and Nicaragua in a speech in Miami, which is home to large numbers of migrants from Cuba and Venezuela.

He spoke days before U.S. elections next week that include close races for a Senate seat and the governorship in Florida.

His remarks were likely to be well received by those Cuban-Americans and other Hispanics in Florida who favor stronger U.S. pressure on Cuba’s Communist government and other leftist governments in Latin America.

In his prepared remarks for the speech, Bolton said President Donald Trump had signed an executive order to ban U.S. persons from dealing with entities and individuals involved with “corrupt or deceptive” gold sales from Venezuela.

“Many of you in the audience today have personally suffered unspeakable horrors at the hands of the regimes in Cuba, Venezuela, and Nicaragua, only to survive, fight back, conquer, and overcome,” Bolton said in his prepared remarks.

“The troika of tyranny in this hemisphere – Cuba, Venezuela and Nicaragua – has finally met its match,” he said.

Bolton spoke at Freedom Tower – a building where Cuban refugees were welcomed in the 1960s following Fidel Castro’s revolution – a day after Trump campaigned in Florida for Republican candidates in tight Senate and gubernatorial races.

Florida has traditionally been a swing state and former President Barack Obama was scheduled to rally Democrats in Miami on Friday ahead of the Nov. 6 elections.

Trump has taken a harder line on Cuba after Obama sought to set aside decades of hostility between Washington and Havana. He has rolled back parts of Obama’s 2014 detente by tightening rules on Americans traveling to the Caribbean island and restricting U.S. companies from doing business there.

On Thursday, the U.S. State Department added more than two dozen entities to a list of Cuban organizations associated with country’s military and intelligence services, Bolton said in his prepared remarks. U.S. persons and companies are banned from doing business with the restricted companies.

Bolton said Cuba is aiding Maduro’s government in Venezuela, referring to the close ties between the two countries since Maduro’s predecessor, Hugo Chavez, came to power in 1999.

‘Robust sanctions’

Almost 2 million Venezuelans have fled their country since 2015, driven out by food and medicine shortages, hyperinflation, and violent crime. Thousands have made their way to south Florida.

Maduro, who denies limiting political freedoms, has said he is the victim of an “economic war” led by U.S.-backed adversaries.

Venezuela exported 23.62 tonnes of gold worth $900 million to Turkey in the first nine months of this year, compared with zero in the same period last year, official Turkish data showed – an illustration of how the South American country is shifting its pattern of trade following a wave of U.S. sanctions that

began last year.

Bolton also singled out Nicaragua for criticism over leftist President Daniel Ortega’s crackdown on political opponents, saying its government “will feel the full weight of America’s robust sanctions regime.”

Colombian President Ivan Duque and Brazil’s president-elect, Jair Bolsonaro, are “likeminded leaders,” Bolton said, adding the United States would partner with them and leaders in Mexico, Argentina and other Latin American nations to boost security and the economy in the region.

Also on Thursday, the United Nations General Assembly overwhelmingly adopted its 27th annual resolution calling for an end to the U.S. economic embargo on Cuba after a failed attempt by Washington to amend the text to push Cuba to improve its human rights record.