Still, some manufacturers who depend on US sales are struggling..Ball bearing maker Cixi Fushi Machinery Co gave long-term customers a 3-5 percent discount, according to representative Jane Wang.But that was not enough, journal bearing Manufacturers so the company suspended a product line generating USD 30,000 monthly revenue, she said.Manufacturers in China facing trade barriers are deploying an array of moves to try to keep foreign customers - giving discounts, tapping tax breaks, trimming workforces and, occasionally, shifting production overseas to skirt tariffs.It now offers an 8 percent discount as a sweetener.

At the Canton Fair in southern China this past week, they put on a brave face, but feared they will need to take more measures to survive if Beijing and Washington fail to seal a trade deal.Botou Golden Integrity Roll Forming Machine Co lost some US customers when tariffs pushed up prices for its machines making light steel girders and bars for building frames, according to Hope Ha, a saleswoman.Tit-for-tat tariffs from the China-United States trade war have been costly for many.March brought some encouraging news for manufacturers. Adding to the strain on Chinese manufacturers have been European Union duties on Chinese products ranging from electric bikes to solar panels. Industrial output rose at its fastest rate since mid-2014 and exports rebounded more than expected, while first-quarter growth was better than expected.“We have to give discounts because they pay high tariffs,” said Ha.

The Noida and Greater Noida Authorities were grossly negligent in reviewing and monitoring the progress of the projects and in collusion with leaseholders failed to take action concerning non-payment of dues and illegally permitted the group to sub-lease the land without payment of dues. Venkataramani as court receiver, the court said the cancelled lease deeds will now vest in the receiver.The court directed the Institute of Chartered Accountants of India to initiate proceedings against the Chartered Accountant Anil Mital for his conduct in various transactions. Bogus allotments of flats were made.”Referring to the findings of forensic auditors and the fraud unearthed, including prima facie violation of FEMA, the court directed the Enforcement Directorate and other concerned authorities to “investigate and fix liability on persons responsible for such violations and submit the report in the court.L. They are further directed to ensure that projects are completed in a time-bound manner as contemplated in RERA and home buyers are not defrauded”, said Justice Arun Mishra and Justice Uday Umesh Lalit in their judgment..Pointing to manifest irregularities, Justice Mishra speaking for the bench said, “The money laundering was resorted to by Amrapali Group/ Directors.New Delhi: In a landmark judgment that came as a huge relief to 46,000 stranded home buyers, the Supreme Court on Tuesday ousted Amrapali Group from its prime properties and handed over the projects to state-run NBCC.

The first of its kind judgement is expected to have a bearing on other realtors, especially on Unitech and Jaypee, which are facing litigation over project delays in the SC.The court fixed 8 per cent commission to NBCC for the task of completing the projects and handing over the possession of flats to home-buyers.”Stating that court would be monitoring the investigations by all the agencies, China Slide bearing parts Suppliers including ED and police, the bench directed the Delhi Police to submit the report on investigations done so far.“Concerned Ministry of Central Government, as well as the State Government and the Secretary of Housing and Urban Development, are directed to ensure that appropriate action is taken as against leaseholders concerning such similar projects at Noida and Greater Noida and other places in various States, where projects have not been completed.Appointing senior lawyer R. Lahoty, the top court further shielded the interest of the home buyers by directing that neither Noida, Greater Noida nor the banks who had advanced loans to Amrapali Group would recover their dues by selling flats of the home buyers or land that was leased out for the projects.The home buyers have to deposit the outstanding amount within three months in the bank account to be opened in the Supreme Court branch of Uco Bank.Canceling the registration of Amrapali Group of Companies, accused of siphoning and diversion of home buyers money, under the Real Estate (Regulation and Development) Act, 2017 (RERA), the top court directed the National Building Construction Corporation to take over the projects that are left half way by the real estate promoters for completion. They can, however, recover dues by selling other properties under attachment, the court said in a judgment that ran into 270 pages and contained 11 directions.A judgment described as landmark both by the home buyers and the lawyers appearing for them, including Senior Counsel M. There were other irregularities galore.The apex court, which cancelled the registration of Amrapali Group under RERA, directed the Centre and the states to take steps against the project promoters where there is a delay in the completion of projects and ensure that they are completed in a time-bound manner and home buyers are not cheated.