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U.S. China News 2013.05.05

Sun, May 5, 2013

China Biotech In Review: Chindex Buys Israeli Laser Company For $240 Million
Seeking Alpha
Ascletis, a China-US drug developer, in-licensed China rights to a next-generation HIV protease inhibitor from Janssen R&D Ireland, a subsidiary of Johnson & Johnson (NYSE: JNJ) (see story). Janssen believes the drug, known as TMC310911, is likely to
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China incursions in Ladakh tactical move: US expert
Hindustan Times
A top US expert feels that the Chinese incursions in eastern Ladakh are more a tactical move by the Chinese army than a larger strategy by its government. The alleged incursion of the Red Army into Indian territory set off a diplomatic stand-off
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Like US, China not embracing electric vehicles
Detroit Free Press
SHANGHAI — Fears that China will overtake the U.S. in the race to put electric vehicles on the road have fizzled. Despite choking pollution in big Chinese cities, consumers here see EVs as too expensive or too difficult to recharge. China has offered
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China awards 28 outstanding overseas students in southern US
Xinhua
HOUSTON, May 4 (Xinhua) — Twenty-eight Chinese students from colleges in eight southern U.S. states received an annual Chinese government award here on Saturday. At a ceremony at the Chinese Consulate General in Houston, Deputy Consul General
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Warren Buffett-Backed Chinese Automaker BYD To Open US Manufacturing
Forbes
BYD BYD, the Chinese manufacturer of autos, batteries and phone components 10% owned by Warren Buffett’s Berkshire Hathaway Berkshire Hathaway, plans to open two U.S. manufacturing facilities in the coming months. BYD Automobile (Photo credit:
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Suzlon to raise $400 mn by selling non-core assets
Firstpost
“We have identified 15 non-core assets, mostly in overseas markets like China, US, etc, which we plan to sell in the next 12-18 months in a phased manner. We expect to realise nearly $300-400 million through the sale process,” chief financial officer
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China not embracing electric cars – USA Today
USA TODAY
Despite choking pollution in big Chinese cities, the government faces the same obstacles as the U.S. in the push for electric vehicles: They’re still expensive, many consumers don’t understand them and many drivers don’t have anywhere to charge the
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A Modest Proposal : Let’s Outsource The Entire US Defense Effort To China !
Forbes
America’s dependence on China grows by the day. The latest news is that the United States has been reduced to leasing a Chinese satellite to handle communications with U.S. military bases in Africa. Surprising, isn’t it? The nation that launched the
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Irish-American keeps his audience in stitches
China Daily
The acclaimed Irish-American comedian has come to China for a year to study Chinese at Renmin University, live with a Chinese family in Haidian district and experience as much Chinese culture as he can while filming a documentary for Ireland’s national
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Chinese Housewives Buy All The Gold U.S. Money Managers Sell…And Then
Seeking Alpha
But, while GLD investors sell their paper gold, there is no lack of demand for physical bullion both here in the U.S. and elsewhere in the world. A report in China’s People’s Daily on Thursday pegged buying by “Chinese housewives” at an impressive 300
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Regional pivot in defence must be managed, says Stephen Smith
The Australian
“I wouldn’t use the word fraught, certainly as you see a new power rise – in this case China – the other global powers have to adjust to that,” he said. “The international community has to manage that. The China-US relationship is pivotal to that
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HK IPO market heats up with US$3.5 billion Sinopec unit, Galaxy Securities deals
The Borneo Post
A UNIT of Sinopec Group and brokerage China Galaxy Securities are launching Hong Kong IPOs today seeking to raise up to uS$3.5 billion in total, injecting life into Asia’s moribund initial public offering (IPO) markets where deal values more than
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Discovery of New Meat-Eater Dinosaur in China Cutting-Edge- It’s a Chinese
Design & Trend
In 2006, a team led by James Clark of George Washington University discovered only a partial skeleton of the new species, but included a near-complete skull (shown in the photo above in comparison to a U.S. quarter) and a mandible in a remote region of
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China must obey ruling on US steel imports – WTO
SteelGuru
The dispute dates back to September 2010, when Washington accused China of breaching trade rules by not providing sufficient evidence that anti-dumping duties were needed on US imports of electrical steel used in the power sector. Anti-dumping duties
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Israel’s Netanyahu, Palestine’s Abbas head to China
Pakistan Daily Times
China believes that “strengthening its relationship with Jerusalem would be a sign that it gradually is coming to possess a foothold in the region, while somewhat offsetting, and perhaps even undermining, American political influence there”, the
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Show us the money for Defence spending
The Australian
It also says that Australia does not have to choose between China and the US: “nor do the US and China believe that we must make such a choice”. Rather than inferring that the US must make strategic space for China, the white paper says the US will
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A new day for US manufacturing
Baltimore Sun
Again, the experts predicted a rapidly diminishing role for American manufacturing. The rationale was convincing: America could not compete with cheap Chinese labor and widespread government subsidization of the Chinese economy. Our trade imbalance
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Chinese find India a potential partner unlike Japan
Economic Times
What the race to reach Mars by tomorrow says about Earth today. The country with the most number of applicants for Mars trip is US with 100; 5 Indians and 12 Chinese have also volunteered for the chance. Send poems and messages to Mars via NASA
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Crowd funding fueling creative projects in China
Xinhua
Two months later, he received 146,000 yuan (23,725 U.S. dollars) from 3,000 people who he’s never met. In return, they all received membership cards for Jia’s hostel in Lhasa, capital of Tibet Autonomous Region in southwest China. Jia is one of many
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Kerry phones China over dissident’s nephew, can’t reach minister
Pakistan Daily Times
US Secretary of State John Kerry tried calling Chinese Foreign Minister Wang Yi to discuss the imprisoned nephew of blind Chinese dissident Chen Guangcheng but Wang was not available, the State Department said on Friday. Wang was said to be in
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China / Society China awards 28 overseas students in US
Chinadaily USA
HOUSTON – Twenty-eight Chinese students from colleges in eight southern US states received an annual Chinese government award here on Saturday. At a ceremony at the Chinese Consulate General in Houston, Deputy Consul General Li Guixi handed
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China Should Not Hyperventilate Over Japanese Constitutional Revision
Forbes
May 3, besides being the first day of Japan’s Golden Week holiday, is also Constitution Day, the day in 1947, during the U.S. Occupation, that the U.S.-written constitution in which “the Japanese people forever renounce war as a sovereign right of the
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Cold case petition grabs US attention
Global Times
Discussions about the petition and the victim are strictly limited on China’s blogosphere. A post about the petition, published by a popular Weibo account, was removed Sunday. Searches for “Zhu Ling,” “Sun Wei” and the chemical “thallium” on Weibo
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India And The US ‘Pivot’: Brothers In Arms? – Analysis
Albany Tribune
The US ‘pivot’ and its ‘rebalancing’ towards Asia has been perceived as a strategic attempt to re-engage with the region. As the nuances of the policy continue to roll out, the containment of China dynamic, and the consequent role of India as a
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Long struggle to publish Fang Lizhi’s autobiography
South China Morning Post
But the publication was shelved in 1991 when Doubleday realised Fang’s story had slipped out of the news as he settled down in the US. The following year, Li writes, a famous Chinese-American physicist – whom she does not name – persuaded another
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Richard Nixon’s grandson tours China to recall historic 1972 visit
Los Angeles Times
It inspired the meme “Nixon in China” (long before anybody knew what a meme was) and a 1987 opera of the same name by American composer John Adams. The commemorative trip, which marks what would have been Nixon’s 100th birthday, was
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Netanyahu Heads to China to Discuss Trade Amid Regional Tension
Businessweek
Iran is a top supplier of oil to China, which has used its veto power in the United Nations Security Council to undercut more stringent U.S.-backed measures against the Iranian government. Netanyahu says Iran, despite its protestations to the contrary
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Chinese Americans in LA chip in for quake victims
China Daily
LOS ANGELES – A Chinese American group in Los Angeles on Friday collected about $71,900 in donation for the victims in the recent deadly earthquake in China’s Sichuan province. “It is not big money but it shows our love for the people of Sichuan who
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U.S. Industrial Renaissance Is Eroding Emerging Markets’ Competitive Edge
Seeking Alpha
In fact, he sees opportunities beyond the BRICs (Brazil, Russia, India and China), with the MIST countries (Mexico, Indonesia, South Korea, and Turkey) offering particular promise. But what Van Agtmael called the “creative response” from the United
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US military base in Maldives infringes on SL maritime security
Nation on Sunday
Jathika Hela Urumaya (JHU) MP and Minister of Research, Technology and Atomic Energy, Patali Champika Ranawaka said a US military base in the Maldives would give the US an opportunity to monitor the India Ocean, and counter the growing Chinese
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Hackers pose a serious threat to US small business
Baltimore Sun
We’ve already come across dozens of instances where the designs of our material handling baskets were stolen by websites in China and India. I attended a meeting in Washington this winter where U.S. Attorney General Eric Holder put businesses with
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China’s bad air prompting many expats to rethink career moves
Salt Lake Tribune
Health risks from pollution of air, water and soil have become a source of discontent with Communist Party rule among ordinary Chinese. Foreigners regularly check the air quality readings put out by the U.S. Embassy and consulates on their Twitter
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Through time & space
Tribune-Review
The following titles can take readers from the period just before the American Revolution to the future of satellite technology, with stops along the way for an examination of the roots of today’s pop-culture media, a prescription for U.S. policy in
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TPP may spur China’s laggardly reforms
Global Times
In 2001, non-compliance with the standards of interest rate liberalization and the lack of collective bargaining rights left China disadvantaged in talks with the US to join the WTO. Although years of reform have made China an economic powerhouse
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Defence white paper pivots over China threat
The Australian
The paper released yesterday by Julia Gillard and Defence Minister Stephen Smith stresses the importance of Australia’s relations with both China and the US, but says the US will remain Australia’s most important ally. “The government does not approach
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India should push for treaty with China on Brahmaputra: Experts
New York Daily News
He said India has told China that “if you divert any water, it will impact us, so please tell us.they said no, we are not doing anything, but satellite pictures have showed otherwise and then they acknowledged it”. “And now they have said the projects
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US China News 2013.04.19

Fri, April 19, 2013

China, US envoys to discuss Korean Peninsula affairs
Xinhua
BEIJING, April 19 (Xinhua) — Wu Dawei, China’s special representative for Korean Peninsula affairs, will pay a visit to the United States next week, Foreign Ministry spokeswoman Hua Chunying said on Friday. Wu has been invited by Glyn Davies, the U.S.
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US state shares water management experience
China Daily
Wisconsin, rich both in water and aqua technology, is discovering business and cooperation opportunities in China, said the US state’s governor. “There was great interest from a number of provincial governors about partnering with the water council in
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Execs receive business primer in California
China Daily
As part of what is called the Global CEO Program, business leaders from China will be educated on business practices in the US. The program is jointly run by the Overseas Education College at Shanghai Jiaotong University and the Haas School of Business
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We can be friends with US and China, says Peter Varghese
The Australian (blog)
He says Julia Gillard’s agreements in Beijing last week undermine the idea that Australia confronts an ultimate choice between its US strategic alliance and a strong diplomatic, as well as business, relationship with China. “We’re in a position now
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Australian Stock Futures Fall as US Leading Indicators Drop
Businessweek
The MSCI Asia Pacific Index, the benchmark regional equities gauge, this week pared five months of gains amid concern economic growth in the U.S. and China may slow. The gauge advanced 5 percent this year through yesterday, led by Japanese shares,
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Quotable
China Daily
Shau Zhang, partner of Ernst & Young’s Americas Tax Leader of China Overseas Investment, who worked on Dalian Wanda’s milestone acquisition of AMC Entertainment in 2012. He says Chinese companies need to learn from senior management of
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Events
China Daily
Focusing on technology transfer and international technology cooperation, the theme for this year’s event is “Beyond the borders: drive innovation to win”. The congress will feature 40 distinguished speakers from more than 30 countries and about 300
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Coalition eyeing lift to emissions reduction target
Business Spectator
Coalition eyeing lift to emissions reduction target. 16 hours ago. Updated 7 hours ago. 1 · Politics · National Affairs · Climate. Abbott to push China, US to sign up for a global climate change deal if it wins power.
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Wisconsin trade mission to China promotes water industries
Milwaukee Journal Sentinel
The American delegation was allowed two speakers at the Second China-U.S. Governors Forum, and one was Dean Amhaus, chief executive of the Water Council, a Milwaukee-based trade group of water-related companies from southeastern Wisconsin.
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Family of China’s Boston bomb victim: studying in US was her dream
Fox News
The family, from the city of Shenyang in China’s northeast, initially requested privacy and did not want Lu’s name released in the first hours after she was declared dead in the bombings on Monday that killed two others and injured more than 170 people.
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SCA joins partnership with Beijing
Daily Trojan Online
The China-U.S. International Master Classes and Industry Summits in Cinematic Arts aims to foster cultural and industrial exchanges between American and Chinese film industries, according to a statement made by Naga Film, one of the projects’ main
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US asks China, Russia to prevail upon North Korea
Hindu Business Line
The US yesterday asked China and Russia to prevail upon North Korea to refrain from provocative actions. “We are engaging with the Chinese and the Russians, as well as others, to urge them to prevail upon the North Koreans using their specific
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Chinese Boston bombing victim’s parents depart for US
Xinhua
SHENYANG, April 19 (Xinhua) — The parents of a Chinese student who died in the Boston Marathon bombing earlier this week will leave for the United States Friday evening, according to the foreign affairs office of Liaoning, the student’s home province.
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North Korea sets preconditions for talks’ restart
KTAR.com
North Korea would collapse without support from its economic benefactor China, U.S. Secretary of State John Kerry, who was on East Asian tour last week, said Wednesday, stressing the importance of working with Beijing to address North Korean threats
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SAP McDermott Sees Choppy Public Spending in US, China
Businessweek
The U.S. Congress and President Barack Obama are at loggerheads over how to replace the across-the-board federal spending cuts, called sequestration, which kicked in earlier this year and aimed at lower deficits. Meanwhile China’s first- quarter
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US graduate schools stung by drop in Chinese applications
Reuters
“Falling applications from China is credit negative for many U.S. universities because Chinese students account for approximately one third of international graduate enrollments, and they tend to pay higher net tuition than domestic students,” Moody’s
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The stats that matter: China and the US – Sydney Morning Herald
Sydney Morning Herald
There is a constant stream of economic news spilling into the markets but some statistics matter more than others, and after a roller-coaster week for shares they are worth noting. What they suggest is that concerns about China’s growth momentum are
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Liberia, China Sign US$17 Million Pact
AllAfrica.com
The Governments of Liberia and China on Thursday signed an Economic and Technical Cooperation Agreement valued at nearly US$17 million. The agreement is intended to finance eight ongoing bilateral projects in Liberia. Liberia’s Foreign Min. Ngafuan
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Cleantech: Bright Spot in US-China Cooperation
Forbes
Despite heated rhetoric from protectionist corners that China and the United States must compete over the massive dollars associated with the clean energy industry, some signs are actually emerging that we’re entering a phase of mutual benefit and
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The US dollar, dairy commodities and China’s retail and consumer sectors are
YouTube
And we think that the U.S. dollar remains cheap on a global comparative scale. And I think that’s going to outperform. The other currency we like is the Chinese yuan even though the numbers this week were a little bit disappointing relative to
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CFR China discount to FOB US Gulf methanol at multiyear high
Platts
Houston (Platts)–18Apr2013/1107 pm EDT/307 GMT. The CFR China discount to FOB US Gulf methanol reached an almost three-year high Wednesday, Platts data showed. However, traders said an arbitrage shipment would be challenging and rumors of
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China Reclaims Top Spot Over US In Clean Energy Sector
CleanTechnica
Movement within the clean energy sector during 2012 has been put under the microscope by The Pew Charitable Trusts in their fourth-annual Who’s Winning the Clean Energy Race? report. Released on Wednesday, the report states that a total of 88
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Review: ‘Unmade in China‘ a bizarre true tale of filming gone awry
Los Angeles Times
China only releases 20 foreign films each year,” a title card at the beginning of “Unmade in China” informs us, adding, “This is NOT one of them.” No kidding. Co-directed by Tanner King Barklow and Gil Kofman, this genial documentary details what
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US warship deployed in Southeast Asia – The Nation
The Nation
Then US Defense Secretary Leon Panetta announced last year that Washington will shift the bulk of its naval fleet to the Pacific by 2020 as part of a new strategic focus on Asia, where China is an emerging power. China is embroiled in a maritime
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China’s Shale-Gas Potential and Peril
Businessweek
In China there’s a giddy feeling that the next energy gold rush is about to begin. Beneath the mountains of Sichuan province, the deserts of Xinjiang, and elsewhere, China contains twice the shale- gas reserves as the U.S., says the U.S. Energy
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Exclusive: China’s BYD mulls leaner, greener “re-birth” plan
Reuters
SHANGHAI (Reuters) – BYD Co, one of the better known Chinese brands thanks to a stake held by billionaire U.S. investor Warren Buffett, may stop making conventional gasoline-fuelled cars within two years and focus on ‘new energy’ battery models as part
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China to send first aircraft carrier on high seas voyage: Xinhua
Chicago Tribune
China is alone among the original nuclear weapons states to be expanding its nuclear forces, according to the report by the U.S.-China Economic and Security Review Commission. Xinhua did not say where the Liaoning would go or for how long. The carrier
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The Week in China: BMW’s Dr. Promise, iTunes Porn, Spotify and more
brandchannel.com
The animation gang has also produced what is maybe its most subversive ever little video about American-Chinese relations with its “Iron Man 3″ commentary. China is the second largest economy in the world and every significant brand’s future is
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China’s Stocks Rise Most in Month on Profit, Economy
Businessweek
China’s stocks rose the most in a month after companies from Qingdao Haier Co. (600690) to Northeast Securities Co. reported higher profit and a government economist forecast growth will rebound this year. Qingdao Haier, China’s biggest refrigerator
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US Dollar Higher As China, UK Growth Concerns Worry Investors
DailyFX
The U.S. Dollar had a strong start to the week as China reported that its GDP grew 7.7 per cent which disappointed analysts who were expecting an 8 per cent figure for growth. The Australian Dollar, which is closely tied with growth in China, fell
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Global shares weak after US data, but oil rebounds
Reuters
Surprisingly weak economic data from China and the United States, and the International Monetary Fund’s decision to trim its global growth forecast, have driven the recent equity market fall, offsetting support from easier global central bank policies.
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Japan’s exporters look to the US
TheBull.com.au
Hopes of an economic recovery in Japan may be more dependent on US growth than China’s economic health, at least that’s the picture that emerged from Japanese trade data. The US has regained its crown as the number one export destination for
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US Hospitals Told to Be on Lookout for H7N9 Bird Flu
Businessweek
U.S. hospitals are being urged to head off a spread of the new H7N9 avian influenza by looking out for people exhibiting flu-like symptoms who have traveled to China or had contact with someone who has the illness. The Centers for Disease Control and
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Jay-Z, Kate Middleton, China first lady on Time’s most influential list
Reuters
Chinese tennis player Li Na, 31, the first Asian woman to win a Grand Slam title, and Bollywood actor and political activist Aamir Kahn, will be featured on the front of international editions, while Jay-Z, Lawrence, Musk, Yousufzai and U.S. Republican
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LTE: China Hacking into US Computers
Gant Daily
Based on the activities of Chinese Army Unit 61398 Communist China continues to wage cyber warfare against the U.S. by hacking into the computers of U.S. corporations. An American computer security firm, Mandiant, completed a study of Unit 61398, and
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USDA opens new poultry, dairy, fruit export markets
Ag Weekly
Agency officials have worked in conjunction with industry, federal and international partners to open the Chinese market to U.S. grown pears. In 2012, U.S. and Chinese officials reached an agreement to accept exports of pears grown in the two countries.
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What North Korea Teaches Us About China
The Weekly Standard (blog)
Every few years another prominent Chinese general threatens nuclear destruction of American cities should the U.S. dare to defend Taiwan against a Chinese attack. The “sea of fire” imagery North Korea regularly conjures is also part of China’s vocabulary.
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U.S. Mint’s Sales of Gold Coins Soar After Futures Slump
Bloomberg
This week, retail sales and jewelry demand soared in India, the world’s top gold buyer, and China, the second-biggest, after futures in New York slumped into a bear market, touching the lowest in more than two years. Coin sales also surged in Australia.
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China thanks US for helping relatives of Boston bombing victims
Hill Post
Beijing, April 19 (IANS) China has thanked the US for aiding the relatives of two Chinese victims of the Boston Marathon bombing, a Chinese foreign ministry spokeswoman said Friday. Lu Lingzi, a student at Boston University, was killed in the bombing
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China’s Anti-Carrier Missile Now Opposite Taiwan, Flynn Says
Businessweek
The missile, designated the DF-21D, is one of a “growing number of conventionally armed” new weapons China is deploying to the region, adding to more than 1,200 short-range missiles opposite the island democracy, U.S. Army Lieutenant General Michael
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U.S. China News 2012.11.30

Fri, November 30, 2012

Chinese, US soldiers complete disaster relief drill amid Asia tensions
Reuters
CHENGDU (Reuters) – Chinese and American soldiers finished a week-long disaster rescue exercise on Friday, furthering military ties between the two countries even as military tensions rise between China and U.S. military allies in the Pacific region.
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China’s top daily tells US to avoid fiscal cliff or lose clout
Reuters
BEIJING (Reuters) – China’s top newspaper scolded the United States on Friday for shirking responsibility as a superpower by prolonging uncertainty over how it will avoid a “fiscal cliff” that could put the world economy at risk. “American politicians
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NKorea preps rocket launch that would irk China
U.S. News & World Report
“If North Korea does carry out a launch, Beijing will not be happy,” said Evans Revere, a former senior U.S. State Department official and expert on East Asia. “It flies in the face of China’s request for North Korea to reduce tensions in the region
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India begins anti-dumping investigation on module imports from China, US
PV-Tech (blog)
The Indian Solar (PV) Manufacturers’ Association filed a dumping complaint against module imports from China, US, Malaysia and Taiwan in January 2012 with the Directorate General of Anti-Dumping and Allied Duties (DGAD) at the Ministry of Commerce.
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‘Heartwarming’ tale bonds Chinese leader, US family
China Daily
Students and faculty at the University of California, Davis heard a tale about a town in China with links to a now-deceased professor and the new Chinese leadership. Milton Gardner, who taught at UC Davis for 30 years and was instrumental in the early
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RPT-Pledges to fight global warming inadequate, US off track -study
Chicago Tribune
China, U.S., EU, Russia plan “inadequate” climate actions. * U.S. off track in implementing pledged emissions’ cuts. By Alister Doyle and Marton Kruppa DOHA, Nov 30 (Reuters) – Major nations’ policies are inadequate to limit global warming and the
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Iowa farmers cheer for ‘old friend’ Xi
China Daily
“He sees that opportunities to grow China-US economic ties would benefit both countries,” said the 36-year-old farmer, who has been to China five times. “He also understands the importance of agricultural trade with Iowa and the US to ensure a safe and
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US questions Chinese plans in disputed seas
Philippine Star
WASHINGTON – The US State Department said it would question the Chinese government about reports Hainan will allow police from the start of 2013 to board foreign vessels that enter disputed areas in the South China Sea “to get a better understanding of
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Japanese Stock Futures, Australian Shares Rise on US Budget
Businessweek
The gauge traded at 14 times estimated earnings, compared with 13.6 times for the S&P 500 and 12.5 times for the Stoxx Europe 600 Index. The Bloomberg China-US Equity Index (CH55BN) of the most-traded Chinese shares in the U.S. gained 0.4 percent
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US China Relations These Are the Steps Obama Must Take for a Successful
PolicyMic
At the moment, all signs point to a continued positive relationship between the U.S. and China. During President Obama’s recent tour of Southeast Asia, a meeting with Chinese Premier Wen Jiabao in Cambodia focused on economic cooperation, with
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US Treasury not to Term China as a Currency Manipulator
The Point
According to the US treasury Department, the Chinese currency remains undervalued; however, it did not termed the country as a currency manipulator. The Treasury Department, in its semi annual report on international exchange rates said that the
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Why Hollywood is getting cozy with China
Toronto Star
Christian Bale recently starred in a Chinese history epic, Flowers of War. Sci-fi thriller Looper, a U.S.-China coproduction,featured scenic Shanghai imagery and cast Xu Qing as Bruce Willis’s wife. Hayden Christensen and Nicolas Cage are set to star
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China approves Wanxiang plan to buy US battery maker A123
Reuters
SHANGHAI (Reuters) – China’s government has approved a plan by Wanxiang Group Corp, a major Chinese auto parts maker, to acquire bankrupt U.S. battery maker A123 Systems Inc (AONEQ.PK), although a deal still hinges on the outcome of an auction
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China and US military in joint disaster exercise
AFP
CHENGDU , China — The Chinese and US militaries held joint disaster response exercises Friday, as Beijing increases its global reach and Washington continues its “pivot” to the Pacific. The joint drill, which saw officers from both nations express
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China says to consider attending US-hosted military exercise
Asahi Shimbun
BEIJING–China’s Defense Ministry said it was considering a U.S. invitation to attend military drills in the Pacific, in what would be a rare case of cooperation between the countries that share deep military suspicions. Asked to confirm if U.S. Navy
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Chinese PV company secures high-profile US order
China Daily
SHIJIAZHUANG – Chinese solar photovoltaic enterprise Yingli Green Energy has inked a contract to supply 200-megawatt PV modules to a US clean energy project, sources with Yingli told Xinhua on Thursday. They said the order, valued at more than $10
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American Politicians Need to Step it Up, Because China is Killing Us in
Gawker
American Politicians Need to Step it Up, Because China is Killing Us in Political Sex As our wonderful presidential debates constantly reminded us, China is the biggest foreign threat to American world domination since Usain Bolt or something. I don’t
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Clinton: US Focus on Asia Not a Threat to China’s New Leaders
Voice of America
STATE DEPARTMENT — U.S. Secretary of State Hillary Clinton said Thursday that the Obama administration’s shift of military, diplomatic and commercial assets to Asia is not a threat to China. Secretary Clinton says China’s new leaders take power at a
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Why China Matters to US Investors
The Atlantic
U.S. investors are hearing a lot of gloomy predictions about a debt crisis leading to possible recession in the European Union, but there’s another region of the world where a slowing economy has the potential to impact the U.S. even more: China.
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Broadway direction
China Daily
This is due in no small part to Nederlander and his family, who have worked behind the scenes to raise Broadway’s international profile while bringing live entertainment from China to the legendary New York theater district and other parts of the US.
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PICC raises US$3.1b in Hong Kong’s biggest IPO this year
South China Morning Post
People’s Insurance Company (Group) of China, the nation’s biggest property insurer, raised HK$24 billion (US$3.1 billion) in Hong Kong’s largest initial public offering in two years, two people with knowledge of the matter said. PICC Group sold about 6
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Blind China activist’s nephew gets three years in jail
Reuters
Chen Guangcheng’s escape from house arrest in April and subsequent refuge in the U.S. embassy was deeply embarrassing for China, and led to a serious diplomatic tussle between the two superpowers. Chen had accused Shandong officials in 2005 of
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Copper Rises to Five-Week High on U.S. Budget, China
Bloomberg
China is showing signs of improvement, and people are feeling more confident that politicians in U.S. will be able to resolve the crisis,” Adam Klopfenstein, a senior market strategist at Archer Financial Services Inc. in Chicago, said in a telephone
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Crossed Lines: ZTE Gets Tangled In US-China Telecom-Gear ‘Cold War’
Forbes
To the U.S. national security apparatus, though, ZTE is in the wrong place at the wrong time. As a Chinese company building telecom gear, it is judged as a security risk, a label that speaks to mounting U.S. fears of Chinese cyberattacks and espionage
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Corruption the killer in China rail crash: US family
Sin Chew Jit Poh
SHANGHAI, Nov 30, 2012 (AFP) — More than a year after a train crash in China left his parents dead and his brother disabled, American Leo Cao still feels bitter grief, but also anger at what he sees as the real killer — corruption. Leo left China as
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China Economic Optimism Returns in Poll as Xi Beats Hu
Bloomberg
China’s domestic stock market has shown little sign of optimism on growth. The benchmark Shanghai Composite Index had fallen 10.7 percent this year through yesterday, compared with the 12.6 percent gain for the U.S. Standard & Poor’s 500 Index and an
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China bans rowdy game show for ‘wanton’ content
U.S. News & World Report
BEIJING (AP) — Chinese regulators suspended a broadcaster Friday after an unaired segment of a TV game show was leaked online showing a raucous shouting match about nudity between spectators and a woman who calls her daughter the next Lady
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US‘ return to Asia troubles all
China Daily
The United States‘ carrying its banner of return to Asia and the Pacific has triggered complicated changes in the way of thinking in the region. The return has become a sensitive topic for many decision-makers in the region. It seems they must make a
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China ‘naked’ whilst US is ‘armed-to-the-teeth’: China lashes out at US
TeleGeography
Chinese media has lashed out at US-based hardware firms, accusing vendors of posing a major threat to the security of Chinese data networks. ZDNet cites a report in Chinese language magazine China Economy and Information as saying that the nation’s
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Half a Billion Opportunities for US Businesses
Forbes
The rising Chinese middle class is the biggest story of our time. However, many US companies are missing the opportunity. US exports to China account for only 6 percent of China’s total imports. The major categories of US exports to China are in
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China will outshine US in movie market by 2020
Bizjournals.com
Recently, China passed Japan as the world’s second-leading movie market, and by 2020, Ernst & Young says it will surpass the United States. Gina Hall · Email | Twitter. It’s the world’s most populous country, and by the end of the decade it is expected
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Tariffs? No Problem. China’s Yingli Wins Contract For Huge California Solar
Forbes
Yingli Green Energy’s U.S. subsidiary this week won a contract to supply 200 megawatts of photovoltaic panels for a solar power plant to be built in the desert east of San Diego. That’s literally a big deal on two fronts. First, Chinese manufacturers
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US needs to manage its ties with India, China: Clinton
Firstpost
Washington: US needs to successfully manage its relationship with emerging powers like India and China, Secretary of State Hillary Clinton has said and insisted that the Obama administration’s shift of military, diplomatic and commercial assets to Asia
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Good Sino-US relationship important to world peace: Kissinger
China Daily
HAMBURG, Germany — Former U.S. State of Secretary Henry Kissinger said on Thursday a sound U.S.-Sino relationship is important to world peace and development of the world. Kissinger said in his talks with Wan Gang, minister of science and technology
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Yum’s shares tumble after China sales warning
Reuters
Yum has broad geographic reach in China, where a growing middle class is attracted to Western brands. While China remains the world’s fastest-growing major economy, American companies ranging from jeweler Tiffany & Co (TIF.N) to blue jeans seller Levi
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A rebalancing that is way out of kilter
China Daily
Soon after the US President Barack Obama was reelected, he traveled to Southeast Asia even though he faced a looming fiscal cliff and a showdown with Republicans in Congress on lifting the federal debt limit. The trip included the first visit by a
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The Chinese Are Coming, Should You Be Worried?
CNBC.com
among locals. Hong Kong dwellers say they increasingly feel pressure to learn Mandarin to survive in business. The small, sole-proprietor shops selling sundries, food, and jewelry with the sounds of the island’s native Chinese dialect Cantonese are
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Senior Chinese army officer to visit US
China Daily
BEIJING – Qi Jianguo, a senior officer of China’s People’s Liberation Army (PLA), will visit the United States for a defense consultation next month, it has been announced. On the invitation of the U.S. Department of Defense, Qi, deputy chief of the
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US Airways: Short-term profit or long-term growth?
MSN Money
Gellman’s general argument was that while capacity discipline has benefited U.S. carriers in the short-term, it has caused them to ignore the long-term value of expanding into the most rapidly growing emerging markets in China and South America. In his
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Remake of Red Dawn breeds hatred
China Daily
If Hollywood action movies are meant to entertain, the remake of the 1984 movie Red Dawn, which hit cinemas across the United States last week, is a huge disappointment in every way. Compared to many Hollywood blockbusters, Red Dawn, produced with
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Investors see revival led by US and China
Independent Online
THE WORLD economy is in its best shape in 18 months as China’s prospects improve and the US looks likely to avoid the so-called fiscal cliff, according to the latest Bloomberg Global Poll of investors. Two-thirds of the 862 respondents described the
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Apple To Sell iPhone 5, iPad Mini In China
InformationWeek
Apple did not say if or when the 3G/4G variants of its iPads will go on sale in China. In order to sell cellular-equipped versions, Apple would need to obtain regulatory approval from China. [ Apple holds a narrow lead against Android devices in the U
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U.S. China News 2012.11.29

Thu, November 29, 2012

Michigan Couple Stole GM Secrets for Chinese, US Says
Bloomberg
(GM) engineer and her husband should be convicted of stealing the automaker’s trade secrets related to hybrid-car technology to help develop such vehicles in China, a U.S. prosecutor said at the end of trial. To contact the reporter on this story
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Trina Leads Solar Jump on Yingli Outlook: China Overnight
Businessweek
Trina Solar Ltd. (TSL), China’s third-largest maker of solar panels, drove gains in the Bloomberg China-US Equity Index (CH55BN) of the most-traded Chinese shares in the U.S., which added 0.5 percent to 91.93 yesterday, after falling in the previous
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Wu Shengli meets with US Navy Secretary
People’s Daily Online
Wu Shengli said that as the most important bilateral relations in the world, the China-U.S. relations have a vital influence on the Asian-Pacific region and the world at large. To establish bilateral relations featuring equality, mutual benefit and win
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Pakistan serving US interest in Asia-Pacific
Kashmir Watch
This US shifting span of attention from Iraq and Afghanistan towards China to contain China’s growing assertiveness in Asia pacific is getting serious attention of all the analyst around the world as well as government authorities around the globe. It
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China’s Future Premier Shrugs Off US Election’s China Bashing, Says ‘Trust Us
Wall Street Journal (blog)
China’s future premier shrugged off the China bashing of the U.S. presidential-election campaign, suggesting that the harsh words are now behind the two countries and that Washington has nothing to fear from Beijing. Li Keqiang, named to the No. 2 spot
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US easing a worry but gold profits help, CIC chief says
South China Morning Post
Gao, who runs China’s US$482 billion sovereign wealth fund, said he is “not quite convinced” about the US economic system, which he said makes the government print money to satisfy the needs of certain interest groups. “You cannot spend more than you
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China vs. US tech: Tit-for-tat
CNET
It looks like China is now prepared to respond to a recent US congressional study that identified Huawei and ZTE as potential risks to national security. Tech in Asia recently noticed a number of news reports surfacing in China that describe US tech
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China considering attending US-hosted military exercise
Reuters
BEIJING (Reuters) – China’s Defence Ministry said on Thursday it was considering a U.S. invitation to attend military drills in the Pacific, in what would be a rare case of cooperation between the countries that share deep military suspicions. Asked to
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China criticizes EU and US for lack of ambition to fight climate change
Economic Times
Suggesting that China viewed US’s actual actions on climate change very dimly, Su said, “We would very much hope US would get back on track with a more proactive climate policy and really to turn those policies into real actions, real contributions to
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China overtaking US as global trader
Malaya
In just five years, China has surpassed the United States as a trading partner for much of the world, including U.S. allies such as South Korea and Australia, according to an Associated Press analysis of trade data. As recently as 2006, the U.S. was
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US to raise concerns over China passport map
Asianjournal.com
A Chinese man holds up a Chinese passport with details on a page that shows dashes WASHINGTON—The United States said Tuesday it will raise concerns with Beijing over a map printed in new Chinese passports that is causing “tension and anxiety”
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US raises concern over China map with disputed territories
Rediff
The United States on Thursday came out in support of India [ Images ] and other neighbours of China on the issue of Beijing [ Images ] issuing passports having a map of disputed territories and that of parts of other nations. The State Department
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China Stocks Drop as Valuations Hit Low; Brokerages Drop
Businessweek
Chinese stocks declined for a fourth day, dragging valuations on the benchmark index to their lowest level on record, as brokerages tumbled amid speculation they may cut trading fees. Sinolink Securities Co. plunged by the 10 percent daily limit and
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Foreign Companies Must Stop Gaming Our System
Huffington Post Canada (blog)
This so far has been stymied because Russia refuses to let foreign commercial interests serve court papers on its companies, according to some arcane clause in a treaty. Similar attempts in the U.S. and UK have been laughed out of the courts, but not here.
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China To Overtake U.S. In Smartphone Installations By Early 2013
ReadWriteWeb
Share on: China To Overtake U.S. In Smartphone Installations By Early 2013. Mobile analytics company Flurry predicts that China will overtake the United States in global iOS and Android installations by early 2013 – and that’s a big.
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Rio Tinto Targets Over US$7 Billion in Cuts, Savings
Fox Business
Tom Albanese, Rio’s chief executive, said he was guardedly optimistic about the prospects for China but less so about the growth outlook for the U.S. and Europe. China accounts for around 60% of global imports of iron ore, which is Rio’s main revenue
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No China Price Hike for US Retailers
Wall Street Journal
Manufacturing wages in China increased 20% year-on-year in 2011. Prices for land and energy are also increasing. But the pass through to customers in the U.S. has been muted. U.S. import prices from China have fallen over the last year, according to
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China box office will surpass US by 2020: Study
Chicago Tribune
LOS ANGELES (TheWrap.com) – The Chinese box office, currently the second largest international market behind Japan, will exceed the U.S. box office by 2020, according to a report issued Wednesday by Ernst & Young. China’s entertainment market is
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China at the centre of global illegal timber trade, NGO says
Reuters
The EIA released its report “Appetite for Destruction: China’s Trade in Illegal Timber” in Beijing to highlight what it said was China’s lack of action, in contrast to major trading partners such as the United States. “China has built a vast wood
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US-China ‘to spur investors’
Gulf Daily News
MANAMA: Next year looks like it may be a repeat of 2012 with many of the same trends affecting markets. The hope and expectation is that the US and China growth should support Europe in making small steps of progress. That was the message from JP
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What If There Was a Cold War Between the US and China?
TIME
The relationship between China and America is only becoming more problematic. In the foreign policy debates ahead of the US presidential elections, Obama referred to China as an “adversary” for the first time. It’s not just about political posturing
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From ‘JK’ To ‘Eye Gunk’: Taking US Slang To China
WBUR
You’ve probably never heard of Jessica Beinecke, but she’s one of the best-known American women in China as the host of VOA’s hit Web show “OMG! Meiyu,” a video blog that teaches American English to Chinese students eager to understand the terms
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GM opens China research centre to focus on “new energy”
Reuters
“There’s tremendous people capability in China with more science and engineering graduates than the U.S., Japan, and Germany combined,” said Du. “China now ranks first in the world in the number of PhD candidates, and these are talents we want to
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China’s Wing Loong based on US Reaper drone
TG Daily
Indeed, the Chinese Wing Loong, or pterodactyl, was recently spotted at the International Aviation in Zhuhai. The model shown there bears a distinct resemblance to the US-manufactured Reaper. The drone is currently categorized as operational and
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US Not Neutral About Japan, Armitage Told Beijing
Wall Street Journal (blog)
The U.S. isn’t saying who it thinks has legal sovereignty over islands disputed by Japan and China in the East China Sea, but don’t mistake that stand for neutrality, says former Deputy Secretary of State Richard Armitage. Associated Press: Former U.S.
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US ‘welcomes’ China in naval drills
The News International
BEIJING: The United States welcomes China’s participation in US-led joint naval exercises next year, navy secretary Ray Mabus said Wednesday during an official visit to the country. “We welcome China’s participation in the Rim of the Pacific Exercise
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Japan carmakers: China production slumps
Financial Times (blog)
For example, Nissan said that outside the main production centres of the UK, Spain, US, Mexico (and China) production increased 79 per cent year-on-year to 58,818 units, mainly due to increased demand for the new Sylphy in Thailand, Sunny in India, and
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As China showcases carrier, global naval balance shifting
Reuters
With South China Sea tensions growing, the threat of Middle East conflict still very real and counterterrorism and counter piracy operations also demanding resources, demands on Western navies – and the U.S. in particular – seem ever-growing. Even as
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Neither China or US can be sole East Asian geopolitical power broker
Global Times
Liu holds that the increase in both China’s and the US‘ spheres of influence has turned East Asia into an arena where the two powers compete for clout. The US sticks close to most East Asian countries in the fields of economy, security and politics.
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US refuses to call China currency manipulator
RT
Yuan notes (AFP Photo / China Out). In a likely attempt to avoid tensions with China, the US Treasury Department on Tuesday refrained from calling China a currency manipulator, despite years of complaints about Beijing’s management of the yuan. In a Nov.
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Glogou Launches Products To Help US Companies Do Search Marketing In China
Search Engine Land
Everyone knows China is one of the hottest, fastest-growing markets for consumer goods, but how does a U.S. company become known by Chinese consumers via search marketing? One Silicon Valley-based company by the name of Glogou is working to
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Is Kim Jong Un the sexiest man alive? US joke finds place in China’s People’s
indiatvnews.com
Hong Kong media picked up the piece by U.S. satirical website The Onion a week ago while explaining to readers in Chinese that it was a farce. But from there, it jumped over the Great Firewall and landed into the official, irony-free Chinese media.
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China Will Top US as Biggest Film Market in the World by 2020: Study
Hollywood Reporter
China Will Top U.S. as Biggest Film Market in the World by 2020: Study. 8:32 PM PST 11/28/2012 by Clarence Tsui. share. Comments ( ). The country’s media and entertainment industry will grow by 17 percent annually until 2015 and will become the
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Outside the US, Weaker Demand, Slowing China Gains Have Auto Makers
Wall Street Journal
Automotive sales growth outside the U.S. is slowing with a slight downturn in the Chinese market and economic turmoil in Europe hurting consumer demand this year and into 2013. On Wednesday, forecasting firm LMC Automotive cuts its 2013 outlook for
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US drug executive seeks faster track for China approvals
The Olympian
China takes eight years longer on average to approve drugs than other major countries, and U.S. drugmakers are looking at ways to help speed things up, Eli Lilly & Co. Chief Executive Officer John Lechleiter said Wednesday.
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Obama, democrats want tax hikes while China advocates tax cuts on businesses
Examiner.com
Announced this past Monday, the Chinese government structured a round of tax cutting measures to help more than 900,000 companies throughout China by saving Chinese companies 22.5 billion Yuan or $3.57 billion in U.S. dollars. The reason? China is
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Top US Officer in Japan Weighs In on Troop Scandals
Wall Street Journal
Angelella said China is a beneficiary of the U.S. military presence in Japan, and denied that Washington’s strategic “pivot” toward Asia—its greater emphasis on security in the region—is aimed at thwarting growing Chinese military strength. “We’re
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Germany displaces China as US Treasury’s currency villain
Telegraph.co.uk
A chart published in the report shows that Germany has overtaken China to become the biggest single source of global trade imbalance, alone accounting for a large chunk of the US deficit. Switzerland is top sinner with a surplus of 13pc GDP, though the
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Li Keqiang Meets with US Businessmen Delegation
MFA China (press release)
Li Keqiang said that over the past 40 years, China and the United States of America have developed their relations from isolation into a cooperative partnership based on mutual respect and mutual benefit and cooperation between the two economies, never
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China’s investment on target to balance out ‘in 5 years’
AsiaOne
China’s outbound direct investment this year will pass last year’s to hit US$70 billion (S$85.95 billion) and is set to increase in 2013, Chen said at a financial forum in Beijing. “Maybe in the next five to 10 years, China’s outbound investment and
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Toyota Says US Sales May Exceed 2 Million This Year
Businessweek
Toyota is increasing its reliance on the U.S., the company’s biggest market, as sales shrink in Japan and in China. U.S. deliveries of Toyota, Lexus and Scion models have risen 30 percent this year through October, more than double the industrywide 13
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US avoids using ‘manipulator’ tag
China Daily
The US Treasury Department on Tuesday continued a pattern of not labeling China a “currency manipulator”, but it said the yuan remains “significantly undervalued” and urged Chinese officials to move faster on its appreciation against the dollar and
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U.S. China News 2012.11.23

Fri, November 23, 2012

German sentiment buoyed by China, US
CNN
LONDON (CNNMoney) — The German economy is showing signs of resilience, after growth slowed in the third quarter, as companies look beyond the eurozone crisis to brighter prospects in China and the United States. The Ifo business climate index
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Taiwan raises 2012 growth outlook on China, US recovery signs
CNBC.com
Taipei (Reuters) – Taiwan raised its 2012 growth outlook for the first time in over a year on Friday as demand for its hi-tech electronic exports picks up in its top markets, China and the United States. The government lifted its full-year 2012 growth
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Tibetan man sets self on fire in protest in China
U.S. News & World Report
BEIJING (AP) — A Tibetan man has died after setting himself on fire in northwest China’s Qinghai province, state media reported Friday, in the latest in a series of protests against Chinese rule. The official Xinhua News Agency says Libong Tsering, 19
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Sany lawsuit not to affect US-China ties
Chinadaily USA
It’s been a challenging year for Chinese business interests in the United States. The US government has attempted to block several Chinese companies, including Sany, Huawei and ZTE, from entering the American market this year, on national security
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Golden Triangle: After Obama’s Visit to Rangoon, What’s Next for Burma-China
TIME
Chinese state-owned companies have descended across the globe, from Africa to the farthest reaches of the South Pacific, bringing the kind of foreign investment that had dried up after the Cold War, when the U.S. and the Soviet Union vied to woo
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Palestinian Envoy: China Can Play Special Role Instead of US
Al-Manar TV
He said Beijing could succeed where the United States failed in finding a solution to end ‘hostilities’ between ‘Israel’ and the Palestinians. “We are very interested in the Chinese role in all the Middle East because all the Middle East needs more
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China and US manufacturing improves
The Guardian
Strong manufacturing figures from China and the US fuelled speculation that a long slowdown in global output is rapidly coming to an end. Commodity prices jumped and stock markets lifted after China’s manufacturing sector expanded for the first time in
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Black Friday: Think it’s crazy in the US? You should see China’s version.
Christian Science Monitor
That may not look like much compared with “Black Friday” spending in the US (which topped $11.4 billion last year), until you take a couple of things into account: First, average Chinese salaries are 10 times smaller than average American salaries
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US should make more positive contributions
People’s Daily Online
Certain media outlets take Obama’s Asia trip immediately after reelection as an obvious sign of the eastward shift of U.S. strategic focus and of a tougher stance against China. Some of them even portrayed Obama’s visit to Myanmar as a new attempt to
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Liberia, China Sign US15 Million Economic and Technical Cooperation Agreement
AllAfrica.com
The Governments of the Republic of Liberia and the People’s Republic of China have signed an Economic and Technical Cooperation Agreement whereby the latter will provide Liberia approximately US$15 million. Liberia’s Foreign Minister, Augustine
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US-Myanmar detente forces Chinese rethink’
The News International
European and US firms are no longer banned from doing business there, leaving them scrambling to catch up with rivals from China, India and elsewhere in Asia in the competition for its resources and consumer markets. US President Barack Obama’s
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China suspends imports of nuts from US Sunland
Shanghai Daily (subscription)
23 (Xinhua) — China on Friday said it will suspend import of nuts produced by U.S. Sunland Inc. over Salmonella outbreaks. Quarantine branches will step up checks on nuts or nut products from the United States, as well as postal goods and luggage
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China reduces Iranian crude imports, avoids US sanctions: Analysis
Morning Whistle
China already received exemption from these sanctions this past June. However, renewal this upcoming December is conditional upon even further reductions of Iranian imports. The Wall Street Journal speculated that the U.S. is likely to grant China’s
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Beijing’s S. China Sea rivals protest passport map
U.S. News & World Report
There are concerns that the disputes could escalate into violence. China and the Philippines had a tense maritime standoff at a shoal west of the main Philippine island of Luzon early this year. The United States, which has said it takes no sides in
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Race to breach China market heats up for US sports
Global Times
The Ultimate Fighting Championship (UFC), with its high-octane China debut in the glittering gambling Mecca of Macao on November 10, is the latest sports organization from the US to look East for future growth. The world’s biggest mixed martial arts
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PMI report card: China is up, Europe is down and the US is slow Add to …
Globe and Mail
The world’s three economic engines are not pulling together. China is up. Europe is down. The United States is slow. That suggests market nerves will stay on edge. European investors have clutched eagerly at the latest China data – and with reason.
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Copper Gains on Positive Chinese and US Manufacturing Data
Copper Investing News
Copper gained ground this week after China’s manufacturing sector expanded for the first time in 13 months, and as investors gained hope that US lawmakers will be able to reach a deal to avoid the so-called “fiscal cliff” — a set of automatic tax
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China: Damco says US company exports improving
FreshPlaza
“Although it is more on a case-by-case basis, the number of US clients exporting is showing signs of a recovery with improved volumes,” said Kevin Yan, general manager for business process improvement and operation at Damco. “However, with our
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Gaza truce could pave way to new US peace push
China Post
WASHINGTON — The U.S. success in helping to broker a Gaza cease-fire shows it cannot turn its back on the Middle East and should perhaps seize the moment to try to rekindle peace talks, experts said Wednesday.
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China Eastern Airlines seals US$5.4b deal to buy 60 Airbus A320s
Business Times (subscription)
The new aircraft will help the airline satisfy rising demand for domestic medium- and short-haul passenger routes, it said in the same statement. The deal is subject to approval by China Eastern’s shareholders and regulators – PHOTO: BLOOMBERG
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US dollar sheds NT$0.014 to close at NT$29.171
China Post
TAIPEI — The U.S. dollar fell against the New Taiwan dollar Friday, shedding NT$0.014 to close at NT$29.171 as large foreign institutional buying in the local bourse boosted demand for the local unit, dealers said.
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Chinese Democracy Is No Goal
The National Interest Online
So why would the United States welcome a democratic China? The most obvious answer is that a democratically governed China would share mutual interests with the United States and the international community, including human rights and the adherence
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US Ex-Im backs Air China bond
Trade Finance (subscription)
The Export-Import Bank of the United States (US Ex-Im) has backed a bond released by Air China to refinance an aircraft… You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a
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Blackstone, China firm shortlisted for US$1.5b Ingham Chicken deal
South China Morning Post
Blackstone Group LP and China agribusiness company New Hope Group are through to the final round of bidding for Australia’s largest poultry producer Inghams Enterprises, a deal that could be worth as much as A$1.4 billion (US$1.5 billion), sources with
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WTO Sides With US In Steel Duty Dispute With China
Tax-news.com
China had imposed anti-dumping and countervailing duties, alleging that American GOES manufacturers were being given subsidies by the US government; in particular the “Buy America” provisions of the American Recovery and Reinvestment Act of 2009
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U.S. China News 2012.11.19

Mon, November 19, 2012

China-US Operation Busts Counterfeit Ring
RIA Novosti
BEIJING, November 19 (RIA Novosti) – Chinese police have arrested 73 people engaged in producing fake luxury brand handbags and selling them abroad, local media report on Monday. Chinese and American law enforcement professionals cooperated in
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COLUMN: Re-thinking US-China relations
Reuters
NEW YORK Nov 19 (Reuters) – The United States and China have been searching for a new way to frame their relationship. President Barack Obama’s trip this week to Southeast Asia, the focus of much U.S-Chinese tension, reminds us that with new
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Tensions flare over South China Sea at Asian summit
Reuters
The acrimony provided an uneasy backdrop to U.S. President Barack Obama’s arrival in Cambodia for a regional summit where he is expected to urge China and Southeast Asian nations to resolve the row, one of Asia’s biggest security issues. Japanese
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China Watching Obama’s Burma Visit
Voice of America
It is part of what the Obama administration calls a “rebalancing toward the Asia-Pacific” – a move toward greater U.S. military, diplomatic, and commercial presence in Asia that has caused anxiety in China. “The idea is to persuade the Chinese that the
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China’s Xi warns party of corruption scourge
U.S. News & World Report
“The large number of facts tells us that if the problem of corruption becomes increasingly severe, it will lead to the ruin of the party and the country!” Xinhua quoted Xi as saying in a speech that can be read as an indication of the priorities of the
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HSBC in talks to sell US$9.3b China Ping An stake
The Sun Daily
HONG KONG (Nov 19, 2012): HSBC said it was in talks to sell its US$9.3 billion stake in China’s Ping An Insurance, stepping up a programme by Europe’s biggest bank to shed non-core parts of its business to boost profitability. HSBC spent US$1.7 billion
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Economies recover thanks to ChinaUS-YUM, ROK, KMB, DHI
BasicsMedia
Both the U.S.A and China showed signs of strong rebound in world economy, with U.S.A seeing increase in demand for housing and employment, while China’s increased production output from its factories were a positive sign in contrast to Japan and
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China’s economy recovering but torrid growth over
U.S. News & World Report
China is recovering but the days of double-digit growth are gone. Faced with falling returns from a three-decade-old growth model fueled by exports and investment, Beijing is trying to rebalance the economy by promoting consumer spending, service
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US ratings agencies face Chinese challenge
Deutsche Welle
However, China’s independent ratings agency Dagong Global Credit is preparing a challenge which could challenge the US agencies. In October, it announced plans to form a joint venture with Russian agency RusRating and Egan-Jones Rating, the fourth
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Treasuries’ Foreign Buying Doubles China’s $123 Billion Cut
San Francisco Chronicle
The rise in international ownership shows growing confidence in the U.S. while China’s reduced stake undermines Republican assertions that the nation has gained too much influence. President Barack Obama and Congressional leaders agreed Nov.
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China to hold trade talks with Japan, South Korea
Reuters
A Japanese official confirmed that talks were scheduled on Tuesday afternoon involving China’s commerce minister, Chen Deming, and Japanese Trade Minister Yukio Edano. Pursuing free trade agreements, including a U.S.-led Trans-Pacific Partnership
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Made In America Has A New Ring
Forbes
It is no surprise that 80 percent of U.S. consumers and, but over 60 percent of Chinese consumers say that they are willing to pay more for products labeled “Made in USA” than for those labeled “Made in China,” according to new research released by The
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Fu helps Sinopec navigate overseas
China Daily
Shortly after Fu Chengyu became chairman of China Petroleum and Chemical Corp, or Sinopec, the company arranged to have an interpreter accompany him to an event where he was to speak to foreign guests. There, the 61-year-old gave practically
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US and China could play ‘fiscal chicken’ under Fatca, expert warns
Risk.net
This month the IRS released a list of 50 countries that are on the road to signing an IGA – either finalising models for IGAs, engaged in dialogue for pursuing an IGA or conducting initial negotiations. China was not on the list as being at any level
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On campus, US-Chinese interaction is surging
AsiaOne
An influx of young Chinese, along with steadily rising enrollments from Saudi Arabia, has enlarged the international student body at US colleges and universities, according to a report issued this week. One-quarter of the 764,321 international students
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Chinese Economic Espionage Is Hurting the Case for Free Trade
Heritage.org
Trade and investment with China benefits the U.S. This is evident in choices made by individuals and companies every day to buy Chinese goods and work with Chinese partners. Indeed, American business has been the chief proponent of a sound
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America’s Trouble with China
Project Syndicate
WASHINGTON, DC – Xi Jinping, China’s newly anointed president, made his first visit to the United States in May 1980. He was a 27-year-old junior officer accompanying Geng Biao, then a vice premier and China’s leading military official. Geng had been
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Chinese Telecom Firms Pose a Threat to US National Security
U.S. News & World Report
The investigation by the House Intelligence Committee into whether Chinese firms should be blocked from the U.S. telecommunications market was appropriate because they had an obligation to shed light on a growing and significant set of national
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Yuan Reaches Upper Limit on Optimism for US Budget Resolution
Businessweek
China’s yuan reached the upper end of its trading limit on speculation the U.S. will succeed in avoiding the so-called fiscal cliff that threatens to push one of the Asian nation’s biggest export markets into recession. Regional currencies and stocks
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America’s unhinged ‘pivot’
The Australian
In fact, after raising Asians’ expectations of a more robust US response to China’s growing assertiveness, the Obama administration has started to tamp down the military aspects of its “pivot,” emphasising instead greater US economic engagement.
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Alliance to help Chinese firms in US
China Daily
A new business alliance has been formed in the United States aimed at offering business advice to Chinese companies there and helping resolve future trade disputes between firms from the two countries. It is hoped that the Chinese Companies in America
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Tencent, American Express create online payment service for overseas websites
China Daily
Tencent Holdings Ltd, China’s biggest Internet company in terms of sales, has teamed up with US credit card issuer American Express Co to allow its online payment service users to shop on overseas websites. The move comes as Tencent tries to fend off
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Philippines divided over US return to Subic Bay
Brisbane Times
This time the anti-US campaigners will encounter stronger opposition amid heightened tensions over China’s territorial claims in the South China Sea after a stand-off between Chinese and Philippine ships at the disputed Scarborough Shoal, off the
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Region to benefit from China, recovering US, economists say
The Nation
Should the rising tension in the South and East China seas not escalate further, Thailand and the whole region will benefit from the resilience of the Chinese economy and signs of a US recovery, analysts say. Though the new Chinese leaders promise to
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Chinese Stocks Rise as Shanghai Index Rebounds
Businessweek
The CSI 300 Index declined for a third day, losing 1 percent to 2,156.30. The Hang Seng China Enterprises Index (HSCEI) of Chinese companies traded in Hong Kong gained 0.3 percent today after U.S. President Barack Obama expressed confidence that he
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CrossTalk on China: Generation Next
RT
What to expect from China’s new leadership? How assertive will its foreign policy be over the next decade? How worried should the West be over its growing military and sea power? What are the chances of a US-China confrontation in the next 10 years?
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China must learn to acquire own market info
China Daily
This is a tragedy for some Chinese crushers. The rare drought in the United States this summer pushed up soybean prices in the futures market and also promoted panic buying around the world. Prices of both soybeans and bean pulps hit historic heights.
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Copper up on hopes for US fiscal fix
Independent Online
Copper rallied more than 1 percent on Monday as risk appetite improved amid hopes that US lawmakers would avert a looming fiscal crisis and as investors took comfort from a smooth leadership change and better economic prospects in China. Leading US
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Silicon Valley Firms Seek a Bigger Piece of China’s Technology Pie
The American Lawyer
Many of those companies choose to have U.S. initial public offerings due to the larger community in America of tech-savvy investors and analysts, as well as the fact that the New York Stock Exchange and Nasdaq, unlike the major exchanges in China or
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NZ joins rival deal as US ups ante
New Zealand Herald
United States President Barack Obama will convene a meeting in Cambodia today on the Trans-Pacific Partnership which threatens to overshadow the launch of a rival trade deal involving China at the East Asia Summit (EAS). Prime Minister John Key is
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US (TX): Late Chinese New Year means lower pecan prices
FreshPlaza
As the Chinese New year falls in mid February next year Chinese buyers can afford to wait until after the peak US demand during Thanksgiving and Christmas, before they place their orders. “The Chinese have bought a good many pecans but are more
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China’s Economy: Two Views, Both Bad for Europe
CFO.com Magazine
He believes that, at some stage during U.S. President Barack Obama’s second term in office, China will, in effect, “devalue the dollar and abandon its support of the U.S. Treasury market.” Savouri believes that “President Obama was lucky that China
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Do unto China what China does to us
Toronto Sun
The United States Congress has just completed a report on the possible dangers of doing business with China. Its conclusions are relevant to Canada as this country struggles to decide whether to let the Chinese National Overseas Oil Corporation (CNOOC)
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Letters from America: Chinese Students’ Economic Contributions to the United
China Briefing
19 – A lesser known part of the U.S.-China (and U.S.-Asia) relationship is the huge amount of income many American states now generate through the sale of education to students from Asia. Close to US$5 billion was generated last year through the
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China, Asean Downplay Sea Disputes as Economic Concerns Grow
Businessweek
Southeast Asian leaders sought to ease tensions with China over maritime disputes before a regional summit tomorrow involving U.S. President Barack Obama as concerns persist over weaker demand in the global economy. The Association of Southeast
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Animal care to get injection of skills
China Daily
China and the United States are cooperating on a program to improve veterinary training in China. Four students from Chinese universities have already been selected to begin one-year pre-vet studies in the US. The students are expected to further their
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Obama courts Burma as US pivots to Asia
Sydney Morning Herald
Hundreds of people waving US flags, many of them children, lined the streets of Burma’s largest city Rangoon to welcome Mr Obama, the first sitting US president to visit the country that is strategically located between two big regional powers China
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US destroyer docks in Manila Bay
gulfnews.com
Analysts said the increased US military presence of China is meant to contain China’s flexing of military might in the South China Sea. The Philippines and Vietnam have had encounters with China’s presence in the contested sea lane. China, Taiwan, and
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China isn’t only game in town
Malay Mail
China’s belligerent behaviour has unnerved other Asian nations, prompting their leaders to put out a large welcome mat for the US. It is an ideal juncture for the US in a region that is home to most of the world’s people, many of its geopolitical
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US and them – Aaron Woolner column
Risk.net
Record numbers of Chinese are giving up their US green cards, according to the South China Morning Post (SCMP), and returning to being full-time citizens of China. But it’s not patriotism that is driving this trend, but instead cold hard cash. Or more
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Locals blame US-China solar fight for Suntech layoffs in Goodyear
Bizjournals.com
While Wuxi, China-based Suntech puts the blame on both, local officials focused on the federal policy implemented last week by the U.S. International Trade Commission to impose tariffs on the Chinese companies as the main culprit. Click below for the
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GM’s China micro-van joint venture opens new plant
MarketWatch
s (NYSE:GM) micro-van joint venture in China has opened a new passenger car-manufacturing plant in the southern part of the country, as the U.S. auto maker looks to challenge China’s home-grown brands in the low-cost car segment. SAIC-GM-Wuling
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Pambassadors tell world of pandas’ plight
China Daily
Pouille’s fellow Pambassadors are Chen Yinrong from China and Melissa Katz from the United States. “All three of us shed tears after learning we had become the winners,” said Chen, 26, a journalist from a magazine in Shanghai. Katz, Chen and Pouille
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ChineseInvestors.com Successful Launch of Financial News TV Program in
NASDAQ
COM (OTCBB:CIIX), a provider of business and financial news in China announced the successful launch of their one-hour live television financial news program focused on the US Financial Marketplace in Shanghai, China. Titled The US Financial
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U.S. China News 2012.11.18

Sun, November 18, 2012

US pivots, China bristles
BBC News
President Obama’s Asia trip contains two messages that could be summed up, like some martial-arts pose, as “pivoting with an outstretched hand”. Perhaps it started just as a date in the diary, but Mr Obama is keen to point out that his first foreign
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Obama, on Asia trip, first pays visit to Thailand
U.S. News & World Report
Aides say Asia will factor heavily in Obama’s second term as the U.S. seeks to expand its influence in an attempt to counter China. China’s rise is also at play in Myanmar, which long has aligned itself with Beijing. But some in Myanmar fear that China
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From Citigroup to China, a story of intrigue
Hindu Business Line
In diametrical contrast to the US process, China, which is also going through a leadership transition, seems to prefer intrigue. The long-drawn-out backroom process has even influenced court decisions in the recent Bo Xilai corruption and Heywood
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Back to school, 6000 miles from home
Chicago Tribune
When Zipeng “Frank” Jiang arrived in the U.S. for the first time, he was a 16-year-old Chinese honors student with big dreams, limited English skills, and no idea how to recover the carry-on bag that the flight crew had taken for last-minute check-in
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Gillard has Howard’s view on juggling US and China
Sydney Morning Herald
”During the current prime ministership, that of Julia Gillard, US President Barack Obama made an oral and policy assault on China and its polity from the lower chamber of our Parliament House,” Keating scolded. Arguing for a more independent and
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Jaguar Land Rover, Chery Automobile to build US$1.75 billion plant in China
Taipei Times
Tata Motors Ltd’s Jaguar Land Rover unit and Chery Automobile Co are to invest 10.9 billion yuan (US$1.75 billion) to build a manufacturing plant in eastern China and create a new brand to cater to the nation’s consumers. The 50-50 joint venture will
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Obama to Urge Myanmar Changes in First Trip by US President
Bloomberg
Situated on the Indian Ocean between China and India, Myanmar represents one of Asia’s last untapped frontier markets. The nation’s economy will expand 6.2 percent this year, the International Monetary Fund said last month. The U.S. sees the shifting
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Chinese State Councilor meets US Comptroller General
Xinhua
BEIJING, Nov. 18 (Xinhua) — Chinese State Councilor Ma Kai on Sunday met with visiting Comptroller General of the United States Gene L. Dodaro. Ma said the increase of communication on auditing between China and the United States will help promote
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US Intensifies Military Encirclement of China
OpEdNews
With the emergence of China as the world’s second-largest economy and its concomitant renewal of (comparatively minor) territorial claims in the East China Sea and South China Sea, the stage is set for a U.S.-Chinese confrontation of a nature and on a
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SE Asia to ask China to start talks over islands
U.S. News & World Report
PHNOM PENH, Cambodia (AP) — Southeast Asian leaders decided Sunday to ask China to start formal talks “as soon as possible” on crafting a legally binding accord aimed at preventing an outbreak of violence in disputed South China Sea territories, a top
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US Asia policy: full embrace for India, competition with China
Zee News
US Asia policy: full embrace for India, competition with China Washington: The United States looks at its relations with the two Asian giants entirely differently, taking India as a “strategic partner” with whose rise it has given “full embrace” and
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Subaru Trumps Toyota as Market Rewards China Shutout
Bloomberg
Fuji Heavy’s smaller presence in China has helped shield it from a consumer backlash triggered by a territorial dispute between Asia’s two largest economies as its sales in the U.S. and Japan have surged. “Selling cars in China is difficult now
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The Chinese Party Congress Wrap-Up: 3 Surprises
The Atlantic
He studies and analyzes the intersection between Chinese politics and markets, with a particular focus on energy policies, climate change, commodities, elite politics, industrial policy, US-China trade, and social/Internet policies. Damien also covers
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Joint US-China sting busts fake bag cartel
Global Times
A major fake goods gang was busted after cooperation between Chinese and US authorities, with 73 suspects being arrested and 20,000 fake brand name bags seized. It is believed the gang made the bags in China, sold them around the world and had
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Two years after its IPO, GM confronts fresh challenges
Boston Globe
Its cars and trucks are selling for good prices. And sales are strong in China. But there are signs of trouble. GM’s US sales, the prime driver of its profits, aren’t rising as quickly as the overall market. There’s been turmoil in the executive ranks
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Don’t blame US!
China Daily
Bad behavior is more a result of social pressures on Chinese tourists than personality, experts suggest. Liu Zhihua finds out why they say nurture overcomes nature. Bad manners in public are due to many factors, and not just individual personality
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Japan seeks closer military cooperation with US
WND.com
WASHINGTON – Japan is expected to seek closer military cooperation with the United States in view of China’s new military assertiveness in the region, according to a report in Joseph Farah’s G2 Bulletin. Japanese Defense Minister Satoshi Morimoto has
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Looking forward to WW3: Iran, Russia and China vs. the USA
Washington Times
WASHINGTON, D.C., November 18, 2012 — Now that we have picked our commander in chief for our upcoming war, let us take a look at how we got to this point. As is always the case, to understand the future, you must look to the past. Bretton Woods, NH
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Sequestration Or Not, US Firms, DoD Will Take a Hit
DefenseNews.com
Peter Mattis, editor of the China Brief at the Jamestown Foundation, on what China’s new leaders mean for the regional and global security. Training & Simulation Journal. News · Features. LATEST HEADLINES. Game Review: Tactical Zombie Killing
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GM ups capacity in no-frills China car market
Yahoo! News (blog)
By 2013, some 65.6 million household in China will have annual incomes of 60,000 yuan or more – a level deemed sufficient for a family to buy a no-frills car, according to an estimate by U.S. consulting firm Alix Partners. The latest Baojun opening
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CHALLENGES FOR CHINA’S NEW LEADERS (FIRST OF TWO PARTS)
Manila Bulletin
THIS week has seen events of high global importance and long-lasting impact on all countries, most crucial being the election of Barack Obama for a second 4-year term as US President and the selection of China’s new leaders for the next decade.
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China: Outgoing President Hu Jintao Lauded by Obama, Xi
Outlook
In his message to Hu acknowledging his contribution to ties between the two countries, Obama recalled concerted efforts he made with Hu to build a cooperative US-China partnership and promote the friendship between the two sides. In the coming years,
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New Tibetan self-immolation in China: Rights groups
Daily News & Analysis
Chagmo Kyi, who worked as a taxi driver and farmer, set herself on fire in Tongren county in China’s northwest Qinghai province on Saturday, the US-based International Campaign for Tibet said in a release. The incident was also reported by London-based
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Chinese envoy to Canada denies company spying
AsiaOne
A US House of Representatives panel in October concluded that Chinese telecom giants Huawei and ZTE pose a security threat and should be barred from US contracts and acquisitions. AFP Sunday, Nov 18, 2012. MONTREAL – Beijing’s envoy to Canada
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Arms race explodes as neighbours try to counter China
Sydney Morning Herald
Indonesia was buying submarines from South Korea and coastal radar systems from China and the US, Vietnam was getting submarines and combat jets from Russia and had acquired Israeli ballistic missiles, defence analysts said. Vietnam’s defence budget
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Keeping Chinese Customers Happy
Farm Futures (blog)
Yesterday our tour of China wrapped up, appropriately, with a stop at Donling Grain and Oil Co., a major Chinese soy crushing facility. The managers of the plant brought us down to the river front where we watched high-tech equipment methodically
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China to change policy on certain steel imports from US
SteelGuru
China said that it would change its restrictive policy on certain steel imports from the United States after the World Trade Organization declared that China was in breach of international trade rules. After a meeting of the world trade arbiter’s
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Yuan convertibility next for China
Taipei Times
China is seeking to boost the use of the yuan in international trade and finance reducing the US dollar’s global dominance and curbing its own reliance on the currency of the world’s biggest economy. Zhou, who has headed China’s central bank for the
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Illegal exports to Iran on the rise, say US officials
Los Angeles Times
“Our investigations in recent months have uncovered a growing number of networks illegally exporting restricted U.S.-origin technology, including munitions and materials with nuclear applications, to Iran, through front companies in China and Hong Kong
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“Served by China” targets “Made in China
Global Times
China’s foreign trade deficit for services increased 75.5 percent in the first three quarters of 2012 to reach 70.2 billion US dollars, according to data from the State Administration of Foreign Exchange. At this rate, the deficit is expected to top
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Huawei ban still rankles Chinese
The Canberra Times
The US House of Representatives’ intelligence committee said regulators should block mergers and acquisitions by Huawei Technologies Ltd and ZTE Corp, China’s two leading technology firms. It also advised that US government systems should not include
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What is the Asia Pivot Obama To Use US Soft Power to Tame the Chinese Dragon
PolicyMic
After winning reelection, President Obama is set to visit Southeast Asia in what will be a three-stop trip to Myanmar, Thailand, and Cambodia. This will be Obama’s first official trip abroad since his victory on November 6, and is crucial to his “Asia
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US set to become top oil producer, but its consumption will soar too
Hindu Business Line
Besides, the US boom will be mostly absorbed internally.” For consumers such as China and India, West Asia will become an even more important exporter. With the US demand coming down in near future (because of increased output and reductions in
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China’s Rise Will Change World Order
Gulf Business News
China’s growing economic role has led to open competition with the United States, with President Barack Obama recently referring for the first time to China as a US enemy, Ian Bremmer, President, Eurasia Group, USA, said. “There is a risk that the rise
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Eminent Chinese expert calls on Russia and Korea to form front against Japan
Russia & India Report
He reminded the audience that according to several international declarations passed by the participants of the anti-Japanese coalition that included the USA, the USSR, Great Britain and China, after World War II the territory of defeated Japan was to
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Concerns with China’s role in Alberta’s oilsands are valid
Edmonton Sun
In a nutshell, the U.S.-China Economic Security Review identifies some real concerns about doing business with China’s Communist government, both economic and strategic. On the economic side, China doesn’t play fair. Somewhere between 40% and
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More Chinese cities see home prices rise
Chinadaily USA
BEIJING – More Chinese cities saw home prices rise in October from September despite the government’s dogged efforts to curb property prices, data from the National Bureau of Statistics (NBS) showed Sunday. In October, 35 cities, up from 31 in
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Chinese transition – Life goes on
Aljazeera.com (blog)
Robert Kapp, Strategic Advisor for US-China Speciality Group, says, “success of over 30 years in China has been magnificent – 100s millions people are no longer desperately poor. But that success has bred its own enormous new problems.” Petitioners
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Parthasarathi Shome: China must look within
Business Standard
As China enters a new decade of changed leadership, it faces many international and domestic economic challenges. The 2008-09 global economic crisis and the 2011-12 euro-area sovereign debt crisis have raised the question whether current account
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Japan to give US$615m in loans to Myanmar: report
Taipei Times
Japan’s first low-interest, long-term government loans to Myanmar in nearly three decades are to “back up moves by Japanese companies into the country and hold China in check after it increased its influence in Myanmar,” it said. Japan will provide the
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