Melges rules Melges 14 Midwinters:
Sarasota, FL. (March 4, 2018) – Taking his grandfather’s advice, Harry Melges IV started first and increased his lead — and ultimately won the Melges 14 Midwinter Championship. Adam Ankers of Privateer Yacht Club (Chattanooga, TN) sailed a consistent series to finish second while Daniel Thielman from Corinthian Yacht Club (San Francisco, CA) completed the podium in third. Full report.
Full Article: Scuttlebutt Sailing News – Melges rules Melges 14 Midwinters, Editor
Clipper Race: From Sanya to Qingdao:
Sanya, China (March 4, 2018) – The final section of the Asia-Pacific Leg 5, officially known as Race 8: The Sailing City Qingdao Cup, got underway today for the 11 teams competing in the Clipper 2017-18 Round the World Yacht Race. The 1700 nm race to Qingdao is expected to take between ten to twelve days, with the fleet expected to arrive into the Wanda Yacht Club between the 13 and 16 of March. Full report.
Full Article: Scuttlebutt Sailing News – Clipper Race: From Sanya to Qingdao, Editor
U.S. local time on September 11 evening, the U.S. government announced on imported Chinese tires take special safeguard measures. U.S. imports from China will have all the cars and light truck tires the three-year punitive tariffs. The first year, 35%, 30% in the second year, third year 25%. Tire plate 10 stocks leading the decline, analysts believe that the U.S. would likely lead to other countries will follow suit, the tire industry in China increased uncertainty about the future. Largely offset by exports of average profit
Guoxin Securities analyst Chen Aihua industry, “said an average of 30% punitive tariffs on subjects far beyond the rate expected, taking into account the domino effect, the Chinese tire industry, the impact will be greater.” According to their analysis, cars and light truck tires was the largest export products, export volume in 2008 of about 320 million, accounting for 70% of exports, the export amount of 6.1 billion U.S. dollars, accounting for 90%, China’s tire exports to the U.S. superpower, the proportion of total exports 36%, three years of high tariffs would make China’s tire exports to the U.S. decreased by 50%, China’s tire exports decreased by about 15-20% of the total. Three years of high tariffs will make the relevant export enterprises falling profits, according to the average export price of 18 dollars an average of three customs duties amounted to 5.5 U.S. dollars into one, basically offset the export industry, the average profit margin.
“On the export of domestic joint ventures in the United States mean to exit the U.S. market, U.S. companies exported to the U.S. means that a substantial decline in profits, on the other domestic enterprises, domestic or export markets, exports to switch to bring the competition will be transferred increased profits face the risk of falling. “Aihua said. Mitigate adverse effects of relying on domestic
Cathay Pacific Jun An Weitao that should be noted that under WTO rules, Obama to approve the special protection of Chinese tire industry sanctions, countries can directly invoke the U.S. sanctions program. Tires safeguard than the United States itself, the case could trigger a chain reaction is more worthy of attention.
Now the Ministry of Commerce on the part of imports originating in the United States Car Products and Broiler Products launched anti-dumping and countervailing file for examination. Zhi-Qiang Du Aijian securities that does not rule out future re-negotiations, the two sides, escalating trade friction mitigation potential, “After all, the key to economic recovery after the crisis period, the two big trading country to strengthen Sino-US Cooperation Is consistent with both interests. “He said,” safeguard measures “on the limited impact on related domestic listed companies, more performance in the short term, driven by investment and domestic cars, Construction Machinery , Agricultural Machinery Etc. quick recovery, logistics and transport situation improved rapidly, led boom of the domestic tire industry, a significant pickup in exports slowed down significantly negative impact.
S Grandtour most affected Double the money stock and the S good pass down limit, several of the top-ranked decline in home loans are the tires.
Aihua that the proportion of exports and production from the reserves of view, the listed companies through the greatest impact in the S Jia, S Jia Tong exports accounting for relatively large, since 2006, its export revenue in Sales Revenue for the 65-70 %, 72% first half of 2009, on the other hand, S Jia Tong production Sell Of 15 million sets of semi-steel tires, size and weight are large, belong to the scope of the safeguard tariff restrictions, although the proportion of directly exported to the U.S. is not high, but considering the switch to domestic exports, export markets caused by the transfer of the company competition, impact will be significant. The Aeolus (600,469, stock it), double the money stock, Qian Luntai A relatively small, which Qian Luntai high margin of safety.
Wei Tao said a good day to tire in 2009 mainly from the slump in the second half of the price of raw materials significantly reduce costs, improve gross margins due to the current rubber (information market) prices have rebounded sharply, tire business profitability is high, can not be sustained. However, affected by the news yesterday in the futures market, Hujiao to limit-down reporting income, which the tire industry, it is considered a positive.
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