The President is finally showing signs of upping the pressure on China to clean up its trade act. It’s about time, too – a new report from the U.S.-China Commission (USCC) is raising some pretty startling concerns when it comes to U.S. dealings with Beijing.

This past Tuesday, the House Foreign Affairs Subcommittee on Asia & the Pacific held a hearing entitled “Feeding the Dragon: Reevaluating U.S. Development Assistance to China.” Check out some of the highlights here.

It looks like GOP presidential hopeful Mitt Romney intends to stick by his tough rhetoric on China. Be sure to check Job Search to keep up-to-date with Romney and all the presidential candidates this cycle.

Some good news this week as both Caterpillar and Chrysler move to expand their manufacturing operations in the U.S.

Of course, not all news is good news. Several high-profile construction projects – including the Freedom Tower in New York City and the Philadelphia Center City District – want to use Chinese-made glass instead of American-made, despite severe quality concerns with Chinese-sourced materials (see examples of faulty steel for the Oakland bay bridge, counterfeit electronics for the DoD, etc.)