U.S. China News 2012.02.09

China, US clash on Syria, other global issues ahead of Xi Jinping visit
Washington Post
BEIJING — On the eve of Chinese Vice-President Xi Jinping’s official visit to Washington, the country’s vice foreign minister in charge of US affairs said the two countries now suffered from a “trust deficit” that the trip might help resolve.
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China Says Chongqing’s Wang Spent a Day in U.S. Consulate
Bloomberg
China said Wang Lijun, deputy mayor of Chongqing and protege of one of the nation’s most powerful leaders, spent one day in the US consulate in Chengdu earlier this week, fueling speculation about a political shakeup. China’s official Xinhua News …
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Exclusive: US military seeks more access in Philippines
Reuters
US MILITARY “HARDWARE” Apart from training and exercises, the two countries discussed US military assistance, including equipment and data to enhance “domain awareness” in the South China Sea. A second Hamilton-class cutter will be transferred to the …
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Chinese-born American acquitted of espionage
CBS News
CHICAGO – A federal judge convicted a Chinese-born American Wednesday of stealing trade secrets but acquitted her of more serious charges of corporate espionage at a trial in Chicago that highlighted fears about China pilfering US company secrets.
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Exclusive: US squeezes French-led satellite maker over China
Baltimore Sun
WASHINGTON (Reuters) – The United States has threatened action that could disrupt a French-led satellite maker’s supply chain, spurred by suspicion that it illegally used US know-how or parts in spacecraft launched by Chinese rockets. investigation of …
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US Embassy in China will streamline visa applications, hire more people to …
Washington Post
BEIJING — The US Embassy in China is promising to streamline visa requests and hire more people to process applicants as part of President Barack Obama’s push to boost tourism to the United States. The embassy said in a statement Thursday that it will …
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Suntech Leads NY Stock Climb on Solar Demand: China Overnight
BusinessWeek
9 (Bloomberg) — Chinese solar companies climbed, driving an index of the nation’s stocks traded in New York to gain the most in a month, as Renewable Energy Corp. ASA said demand for the technology is shifting to Asia and the US Suntech Power Holdings …
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Beijing Joins Team Anti-America
Wall Street Journal
Associated Press China votes with Russia and against the West. This willingness to act in a way so far counter to what would appear to be its normal interest is an important signal. Beijing is sending a message about its evolving attitude toward the US …
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Chinese espionage cases touch DuPont, Motorola
Reuters
By Dan Levine and James Kelleher | SAN FRANCISCO/CHICAGO (Reuters) – US prosecutors expanded a criminal case over the alleged theft of industrial secrets from chemical giant DuPont, securing an indictment against a Chinese company on economic …
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Singapore Warns US Against Anti-Chinese Rhetoric
International Business Times
By Palash R. Ghosh: Subscribe to Palash’s RSS feed The Foreign Minister of Singapore has warned the US against the rising tide of anti-Chinese rhetoric coming out of Washington DC, ahead of a visit to the US by Chinese Vice President Xi Jinping’s next …
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The United States vs China: a duel to the debt
Daily Caller
Today, the struggle between debtor and creditor pits the United States — the world’s largest debtor nation — against rising superpower China. With more than $15 trillion in outstanding public debt, Uncle Sam is in hock to China to the tune of a cool …
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Easing the US Visa Hassle for Tourists Who Shop
BusinessWeek
The average Chinese tourist spends $6000 while in the US, according to the Commerce Dept. In January, President Barack Obama gave the State Dept. 60 days to come up with a way to decrease the time that Chinese and Brazilian tourists have to wait for a …
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US-China Agricultural Symposium a springboard for trade
Western Farm Press
In 2011, China moved into the top spot as the No. 1 market for US agricultural goods, purchasing $20 billion in US agricultural exports. The value of US farm exports to China supported more than 160000 American jobs in 2011, on and off the farm across …
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Daimler AG sees Q4 profits rise 57 percent as Mercedes enjoys buoyant sales in …
Washington Post
FRANKFURT, Germany — Strong sales of Mercedes luxury cars in China and the United States helped German automaker Daimler AG post a stronger than expected 57 percent increase in fourth quarter profits. The Stuttgart-based company made net profit of …
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Biden, Xi Discuss Upcoming US Visit
Voice of America
February 08, 2012 Biden, Xi Discuss Upcoming US Visit Dan Robinson | White House The US and Chinese vice presidents have conferred by telephone ahead of next week’s visit to the White House by China’s vice president Xi Jinping, who is expected to …
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Gold inches up on China inflation, Greek hopes
Reuters
US gold gained half a percent to $1740.30. “Once the higher CPI (consumer price index) came out, inflation worries prompted traditional buyers to come in quickly,” said a US-based trader. China’s annual inflation rate accelerated to 4.5 percent in …
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China Military Growth Spurs Asia Demand for Boeing, Lockheed
BusinessWeek
10 (Bloomberg) — China’s surging defense budget, the world’s second-biggest, is helping spur military spending across Asia, offering US and European suppliers a chance to offset slowing demand at home. Lockheed Martin Corp. and Boeing Co. fighters …
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Iran, China, Af-Pak dominates Mathai’s talks in US
Hindustan Times
PTI India’s insistence on continuing to buy Iranian oil defying US sanctions, drawing common approach on China, Af-Pak situation and peace negotiations with Taliban dominated the talks of Foreign Secretary Ranjan Mathai who concluded his maiden …
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Ex-US speaker urges China for dialogue on Tibet
IBNLive.com
Dharamsala: Former US speaker Nancy Pelosi has said there is a need for the Chinese government to change its repressive policies regarding Tibet, a statement said on Thursday. “In recent weeks, the Chinese government has intensified its crackdown; …
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China and US can still cooperate on Syria issue: diplomat
China Daily
BEIJING – A senior Chinese diplomat on Thursday said China, the United States and other countries can still cooperate on the Syria issue, although they hold different stances on a recent UN Security Council draft resolution. It is natural for the five …
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Could Strong Chinese Currency Boost U.S. Economy?
U.S. News & World Report
By Danielle Kurtzleben China is the second-largest economy in the world and last year edged out the US as the world’s top manufacturer, according to IHS Global Insight. While their economy grows, the country is hoping its currency—the renminbi—will …
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China’s January Exports Probably Fell, Minister Says Before Data
BusinessWeek
Overseas sales last month “cannot make us optimistic” and are “expected to have negative year-on-year growth due to Chinese New Year and other factors,” Chen said yesterday in a written response to Bloomberg News. “Chinese trading companies …
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China’s Quiet Role in Pressuring Iran
Center For American Progress
Over the past three years, the Obama administration took important steps to make China a part of a new international consensus demanding accountability from Iran over its nuclear program. To accomplish this goal, the United States engaged in an …
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Pete Hoekstra releases 2nd ad; Senate candidate Clark Durant points out …
Detroit Free Press
By Dawson Bell / Detroit Free Press Lansing Bureau LANSING – Republican US Senate candidate Clark Durant debuted a TV commercial this morning in response to the controversial US-Chinese debt ad of rival Pete Hoekstra. The Durant ad labels Hoekstra as a …
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Lenovo beats Q3 net forecasts by raising market share
Reuters
Its market share in China rose 3.1 percentage points year on year to 35 percent during the reporting quarter, the company said. “It is also doing pretty well in certain mature markets. The United States for example, has gained market share as some …
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China inflation spike pricks policy easing expectations
Reuters
By Kevin Yao and Nick Edwards | BEIJING (Reuters) – China’s annual inflation spiked to a consensus-busting 4.5 percent in January as spending jumped during the Chinese Lunar New Year holiday season, breaking a five-month softening trend and forcing a …
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China power giants flex muscles abroad
Reuters
The State Grid, China’s biggest electrical utility, has already bought seven grid operators in Brazil for $1.7 billion. Three Gorges chairman Cao Guangjing has said his company hopes to cooperate with EDP in eastern Europe and South America.
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Cricket council praises Afghanistan, look to US, China
AFP
SHARJAH, United Arab Emirates — Afghanistan’s rise from war to wickets has delighted the International Cricket Council as it looks to far, far bigger markets — mighty China and the United States. Tim Anderson, the International Cricket Council’s (ICC …
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China Global Media, Inc.’s Automobile Advertisement Sector Has Entered a Total …
MarketWatch (press release)
The total advertisement fee that Company expects to receive in fiscal year 2012 under this agreement is approximately US $2.6 Million. In the start of Year 2012, North Latitude has entered advertisement agreements with three major automobile companies …
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As China’s Next PM Prepares for America Visit, Mitt Romney’s Threats of Trade …
PolicyMic
Xi Jinping, the man that will likely be China’s prime minister later this year, will visit the US next week on a trip that will take him to California and Iowa, in addition to Washington. The visit will allow China’s future leader to develop …
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American Superconductor Drops on Wider Loss, Lower Forecast
BusinessWeek
The US supplier contends that Beijing-based Sinovel, China’s largest turbine maker, is illegally using its intellectual property. A former AMSC employee pleaded guilty to charges including economic espionage in an Austrian court in September and said …
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China Puts US Auto Industry At Risk: Steel And Auto Unions Tell Uncle Sam To …
Manufacturing & Technology News
By Richard A. McCormack The federal government needs to initiate a comprehensive trade case against China in order to save hundreds of thousands — or perhaps as many as 1.5 million — jobs in the US automobile industry, according unions and trade …
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Biden meets human rights advocates on China
Reuters
“They discussed the deterioration of China’s human rights situation, prospects for reform, and recommendations for US policy,” the White House said. “He reiterated his view that greater openness and protection of universal rights is the best way to …
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China to launch US TV service
iAfrica.com
Chinese state broadcaster CCTV is launching its American service this week as part of a major overseas expansion drive aimed at boosting China’s international influence. The network said Wednesday that Washington-based CCTV America will eventually …
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Managing Insecurities Across the Pacific
Center For American Progress
Both the United States and China must come to grips with the reality of their interdependence and must manage their insecurities about each other’s intentions. By Nina Hachigian | February 9, 2012 President Barack Obama signaled to the world last year …
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US OPENING NEWS INCLUDING: China may lend Europe up to EUR 100bln for its …
Proactive Investors UK
US regulators are preparing to announce a settlement worth USD 39.5bln that would resolve allegations that five leading banks systematically abused borrowers in their pursuit of improper home seizures. (FT-More) Chinese CPI (Jan) Y/Y 4.5% vs.
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China Passenger Car Sales Tumble 24% on Earlier-Than-Usual Lunar New Year
Bloomberg
German and US carmakers gained 1.7 percentage points and 1.5 percentage points, respectively, in market share last month at the expense of Chinese and Japanese brands, according to CAAM’s statement today. Volkswagen (VOW)’s Passat sedan was the top- …
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US, Japan closer to moving many Okinawa Marines
Albany Times Union
(AP Photo/CCTV via APTN) TV OUT, CHINA OUT Japanese Foreign Minister Koichiro Gemba speaks during a news conference at the ministry in Tokyo Wednesday, Feb. 8, 2012. The transfer of thousands of US Marines to Guam will not require the prior closure of …
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Summary Box: Chinese state TV to debut in US this week as part of overseas push
Washington Post
INTERNATIONAL PUSH: Chinese state broadcaster CCTV is launching its American service this week as part of a major overseas expansion aimed at boosting China’s international influence. DETAILS: Washington-based CCTV America will eventually offer four …
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Shanda Games Brings 3D MMORPG RIFT to China
Sacramento Bee
… Games”) announced today that it has entered into an agreement with Trion Worlds, Inc. (“Trion Worlds”), a leading US-based game publisher and developer, for the exclusive license to operate its highly-anticipated 3D MMORPG “RIFT” in mainland China.
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The criminal probe of Sheldon Adelson’s casino empire
Reuters
(Special Report: The Macau Connection – link.reuters.com/fyg56s) Steve Jacobs, the fired former head of Sands’ Macau operations, Sands China, filed a lawsuit in Nevada in 2010 for breach of contract, and is now working with the US government on its …
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Brzezinski: US Should Work With Russia, Turkey to Solve Global Problems
PBS News Hour
Zbigniew Brzezinski says that as American power declines relative to other countries, and China’s influence grows, the United States can no longer dictate to the world, or be “the determining player of everything that is important on the global scene.
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Rep. Noem: Keystone Pipeline Is ‘Right for America‘
NewsMax.com
Kristi Noem says she believes Canada will sign an agreement to sell China oil if the United States does not reverse the Obama administration’s position to block construction of the Keystone pipeline. The South Dakota Republican also told Fox News …
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Critic: Obama pro-China on Keystone XL
UPI.com
9 (UPI) — US President Barack Obama is propping up the Chinese by his decision to thwart the Keystone XL oil pipeline from Canada, a Texas lawmaker said. House Republicans inserted a measure into a bill extending payroll tax benefits that gave Obama …
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HAMSTRING ABILITY OF US TO FIGHT BACK AGAINST CHEAP CHINESE IMPORTS
PoliticalNews.me (press release)
PoliticalNews.me – Feb 09,2012 – After Trade Remedies Against China Ruled Illegal, Sens. Brown, Portman Urge Congressional Leadership to Expedite Legislation that Would Help Protect American Jobs WASHINGTON, DC –Following a December ruling by a federal …
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U.S. China News 2012.02.08

Chinese state TV to air in U.S.
New York Daily News
By AP China Central Television tower is visible in skyline of Beijing. The Chinese state TV news is coming to the US via CCTV America. BEIJING — Chinese state broadcaster CCTV is launching its American service this week as part of a major overseas …
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China police chief may seek US asylum
USA TODAY
BEIJING (AP) – The former top cop of a major Chinese city has dropped from sight amid unconfirmed reports he is seeking US asylum following a quarrel with one of China’s most powerful local politicians. Former Chongqing city police chief Wang Lijun may …
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China morning round-up: Xi Jinping’s US visit
BBC News
Wednesday’s Chinese newspapers discuss the forthcoming visit to the US by Chinese Vice-President Xi Jinping. Experts believe that Mr Xi’s visit “will help China-US ties fly clear of US election year turbulence”, says the China Daily.
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Regional Benchmarking for Wind Energy Market of China, US, Germany, and India
MarketWatch (press release)
Four nations–Germany, the US, China and India–have been taken into consideration to analyze the overall wind energy market. This report identifies factors contributing to the competitive advantages of the wind energy sector and measures the …
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China US trade imbalance: bad policy or payback for CIA use of stolen WWII gold?
Exopolitics Institute News Service
One of the enigmas of US trade policy is the willingness of policy makers to allow China open access to US markets while China throws up many obstacles to American imports. This has predictably led to the US China trade imbalance becoming an issue in …
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Column: US solar needs innovation, not protection: Gerard Wynn
Reuters
By Gerard Wynn | LONDON (Reuters) – A brewing green energy trade war, with mooted US retaliation against Chinese makers of solar panels and wind turbine parts, is high on rhetoric but distracts from a bigger technology race.
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Pete Hoekstra’s ad raises ire in China — and a sense of deja vu
Washington Post (blog)
By Keith Richburg The now-infamous Super Bowl ad by Michigan senate candidate Pete Hoekstra has attracted as much curiosity as outright criticism here in China, the intended “subject” of the ad. US Senate candidate Pete Hoekstra (R-Mich.).
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The App Economy Produces Twice as Many US Jobs as There Are in Apple’s Chinese …
Forbes
The end result of it is that the app economy (writing apps for smartphones and Facebook essentially) produces twice as many jobs in the US economy as there are people working to manufacture Apple’s products in China. So we might usefully assume that …
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Philippines seeks US help to counter China
Aljazeera.com
The United States and the Philippines will hold combat drills together to counter China’s rising influence in the area. Bangkok – The government of Philippines President Benigno Aquino may be wading into choppy diplomatic waters by turning to the …
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Singapore warns US on anti-China rhetoric
Inquirer.net
Shanmugam is currently visiting Washington to meet US policy makers. AFP PHOTO/JEWEL SAMAD WASHINGTON, February 8, 2012 – Singapore on Wednesday urged the United States to be careful in comments on China, warning that suggestions of a strategy to …
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After US Oil Snub, Canada Looks to China
NTDTV
On the heels of the Obama administration’s decision to reject the Keystone oil pipeline — Canada is taking its business to China. Prime Minister Stephen Harper spoke to Reuters in Ottawa — ahead of the country’s most important top-level trade …
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China’s Semiconductor Manufacturing Jumps in U.S. on Forecast
Bloomberg
The company’s American depositary receipts advanced 4.2 percent to $2.73 by 10:10 am in New York. They earlier surged 7.6 percent, the biggest intraday gain since Nov. 2. Semiconductor’s revenue for the first quarter this year will rise between 7 …
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Entrepreneur Pushes Chinese Role in Global Credit
ABC News
His argument: China and other cash-rich developing nations shouldn’t have to rely on ratings agencies in the deeply indebted United States — especially after they helped fuel the global crisis that plunged the US and then Europe into economic turmoil.
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BHP Billiton tempers outlook, sees China growth
Reuters
After underperforming the market last year, BHP’s shares have jumped 11 percent so far this year, nearly double the rise in the broader market, on confidence in a US recovery and a soft landing in China. On Tuesday, Glencore unveiled an agreed takeover …
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US ‘Not Interested’ In China Confrontation, But Risks Remain
Forbes
The China Daily interviewed two former government officials who said that while US foreign policy was not designed to choke China off from the rest of the region, the relationship between the two countries was a tough balancing act.
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Analysis: More than just Great Firewall awaits Facebook in China
Reuters
“China’s SNS space is more crowded and competitive than the US with multiple large and established players all investing for long-term growth,” said Joe Chen, chief executive of Renren, which would become a direct competitor with Facebook should the US …
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China-themed attack ad: filmed in California with American actress
GlobalPost (blog)
The actress in US Senate hopeful Pete Hoekstra’s controversial ad: an Asian-American depicting a Chinese woman pleased with America’s debt to China. (Screengrab) This token Asian sights and sounds in this campaign ad by US Senate hopeful Pete Hoekstra …
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China Needs a Hard Landing to Cleanse System: Fund Manager
CNBC.com
After the US and Europe, China’s economy is going to be next in line for a major credit crisis and Chinese policymakers must allow a hard landing to “cleanse” the economy, Bill Smead, CEO and Chief Investment Officer at Smead Capital Management told …
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Sunshine Oilsands Secures US$350 Million Cornerstone Investments For Hong Kong …
Fox Business
HONG KONG – Canada’s Sunshine Oilsands Ltd. has secured US$350 million from three cornerstone investors including a Chinese sovereign wealth fund for its up to US$700 million Hong Kong initial public offering, three people familiar with the situation …
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US Bypasses Japan Base Dispute in Sending Marines to Guam
BusinessWeek
The US and the Philippines last month agreed to “deepen and broaden” maritime security cooperation as Philippine officials seek closer ties to deter China from operating in disputed waters in the South China Sea. “The US is shifting its projection of …
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Soybeans, Corn, Wheat Futures Forecast to Open Higer on Supply Concerns
Bloomberg
What follows are opening calls for US grain and oilseed markets. — Soybean futures may open 5 cents to 7 cents a bushel higher on the Chicago Board of Trade on speculation that dry weather curbing production in Argentina and Brazil will prompt Chinese …
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NY Stocks Bolstered by Prospect of Greek Deal: China Overnight
BusinessWeek
8 (Bloomberg) — Chinese equities traded in the US rose, led by Renren Inc. and China Unicom (Hong Kong) Ltd., as the prospect of a deal to secure Greece its second bailout bolstered the appeal of riskier, emerging-market assets. The Bloomberg China-US …
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Signs build that Iran sanctions disrupt food imports
Reuters
A senior executive of a US oil company said Saudi exports have risen by 200000 barrels a day, mostly to Asia, making up for most of the decline in China’s imports of Iranian oil. China has also been increasing its purchases from Russia and West Africa, …
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China Auto Demand Robust Say Faurecia, Industry Analysts
Wall Street Journal
“We’re increasingly convinced that BMW is heading for a new record for earnings in 2012… assuming China growth continues, as the US market recovers and as currency moves in a favorable direction,” Bernstein’s Warburton added. “We are also increasingly …
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Attack on Iran would be ‘suicidal’ for US: ambassador
National Post
“It’s easy for the United States to freeze our business,” he said. “It’s not worth taking the risk.” Some Chinese traders said they would keep buying the ore from Iran as long as they were able to get paid because it was cheaper than other sources of …
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The New America
Investor’s Business Daily
Coach has been enjoying a nice run, thanks to ongoing strength in North America, growing demand for its men’s products and a booming business in China. Coach continues to grow and one reason is its popularity in China. This is a duty-free boutique in …
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Obama May Find Some 2008 Words Fail Him in Re-Election Campaign
San Francisco Chronicle
8 (Bloomberg) — Candidate Barack Obama in 2008 bashed China as a currency manipulator and called the foreign purchase of an iconic American beer company a “shame.” Now, Obama is bound by the rhetorical constraints of the presidency.
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TEXT-S&P rates Kerry Properties’ US dollar MTN drawdown ‘BBB-’
Reuters
(The following statement was released by the rating agency) Feb 08 – Standard & Poor’s Ratings Services today assigned its ‘BBB-’ long-term issue rating and ‘cnA-’ long-term Greater China credit scale rating to the proposed issue of five-year US-dollar …
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Chile Peso Reaches Five-Month High as China Pledge Boosts Copper
Bloomberg
The Chilean peso rose to the strongest level in five months as copper rallied on a pledge by the Chinese central bank to support the housing market. The peso gained 0.4 percent to 476.80 per US dollar as of 10:12 am in Santiago.
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Coke, Yum Look To China For Growth
Fox Business
CHICAGO (MarketWatch) – Even as the US continues to run massive trade deficits with China, American soda and fast-food companies are doing their part to even the playing field while relying ever more on that vast market to generate growth.
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China Health Resource Announces Investor and Public Awareness Initiative
Sacramento Bee
We want to attract people, talent, investors and companies to join us in this major global alternative health care trend. For an aging global population, this is a must”. Traditional Chinese medicine (TCM) pharmaceutical products, along with synthetic …
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US Auto Industry Jobs at Risk Due to Subsidized and Unfairly Traded Chinese …
Jobmouse
The US lost more than 400000 direct jobs in auto parts between November 2000 and November 2011. The motor-vehicle manufacturing sector, specifically the auto-parts and tire manufacturing industry is at risk largely because the Chinese central and local …
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Crushing losses stoke fears for China soy imports
Agrimoney.com
Deep losses among Chinese soybean crushers have raised concerns over the country’s purchases of soybeans even as hopes rose that, thanks to South America’s drought, the US was to poised for a spate of orders. China’s resolute recent pace of soybean …
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Indian group, two US schools, to build plastics university
Plastics News
7, 2012) — India’s largest plastics trade association and two American universities with prominent plastics engineering and material science programs signed an agreement Feb. 3 to help build an international-level university for polymers in western …
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Has China Stolen IP? | Wind Farms Technology
DesignBuild Source
In the latest developments, US wind energy company AMSC has filed three civil lawsuits in Chinese courts against the Chinese firm Sinovel Wind Group Co (Sinovel). AMSC says it is seeking $1.2 billion from Sinovel and related companies for contracted …
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Thailand to host US-led military exercise
China Daily
By Hu Yinan (China Daily) BEIJING – The US-led annual multinational exercise Cobra Gold 2012, the largest such military endeavor in the Asia-Pacific to date, is due to start in Thailand on Tuesday. The 10-day exercise, which will involve around 13000 …
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Stabenow Shines Spotlight on Chinese Attempt to Force Michigan Business Owner …
PoliticalNews.me (press release)
US Senator Debbie Stabenow joined with a Michigan business owner and the head of the Alliance for American Manufacturing to discuss new evidence that the Chinese are strong-arming Michigan businesses into handing over their intellectual property and …
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China Car Service EHi Said to Hire Goldman, Barclays for IPO
BusinessWeek
8 (Bloomberg) — EHi Car Rental, a vehicle-sharing network in China part-owned by Goldman Sachs Group Inc., hired Deutsche Bank AG and Barclays Plc for its US initial public offering, said two people with knowledge of the plan.
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China leads wind power growth
Creamer Media’s Engineering News
The position of second-largest market for new wind turbines was again taken by the US. The country added 6.8 GW to its capacity, which now stands at 46 GW. However, WWEA said that the mid-term prospects for the US market were not promising, …
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South Pasadena resident awarded Fullbright grant to travel to China
Pasadena Star-News
South Pasadena resident Ping Yao, a professor of history and director of the Asian and Asian American Studies Program at California State University, Los Angeles, has received a 2011-2012 Fullbright Scholar grant, which she will use to travel to China.
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Mortgage Accord, UBS, Gupta, Insider Trading: Compliance
BusinessWeek
Adondakis, 12-409, US District Court, Southern District of New York (Manhattan). A World Trade Organization probe into the legality of Chinese rules on foreign companies issuing credit cards is a “major reason” Citigroup Inc. was given permission to do …
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McDonald’s US Jan sales strong, Europe slows
Reuters
By Lisa Baertlein (Reuters) – McDonald’s Corp reported a better-than-expected rise in January sales at established restaurants across the globe, as strength in the United States helped offset the slowing pace of sales gains in Europe.
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U.S. China News 2012.02.07

Chinese official: China, U.S. have ‘trust deficit’
MarketWatch
By MarketWatch BEIJING — A top Chinese official has warned of a “trust deficit” between Beijing and Washington and expressed hopes that a key visit to the US next week by China’s leader-in-waiting would strengthen ties. Vice Foreign Minister Cui …
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Chinese, US Vice Presidents Discuss Bilateral Relations in Phone Conversation
CRIENGLISH.com
Xi, who is scheduled to pay an official visit to the United States next week, said during the talk with Biden that China-US relations have maintained their momentum for steady, positive development over the years. Xi said that his trip is aimed at …
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EU sees opportunity to defuse aviation emissions row with China, US
Monsters and Critics.com
Brussels – The European Union is ready to amend a controversial carbon emission scheme for airlines, which is causing frictions with the United States and China, if international negotiations on the issue progress within six to eight months, …
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Guest commentary: Hoekstra’s embarrassing ad is heard loud and clear in China
Detroit Free Press
By now, everybody has seen Hoekstra’s controversial ad that aired during the game, which features a Chinese-American woman speaking broken English and thanking US Sen. Debbie Stabenow for helping China’s economy at Michigan’s expense.
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After US oil snub, Canada focuses on China
YouTube
Prime Minister Stephen Harper says Canada wants to expand economic ties with China, in the wake of the US decision to block the Keystone oil pipeline project. — Video by Reuters.
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China says may send envoy to discuss Syria crisis
Reuters
By Ben Blanchard | BEIJING (Reuters) – China is considering sending an envoy to the Middle East to discuss the crisis in Syria, the foreign ministry said Tuesday, as it sought to assuage popular anger at its vetoing of an Arab League-backed UN …
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China: Fast food nation. Too fast economy?
CNN
Brands and other well-known US consumer companies are big in China. But will worries about a housing bubble hurt US sales in China this year? NEW YORK (CNNMoney) — Is China’s economy heading for a hard or soft landing? Well, it looks like Chinese …
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Exclusive: China buys up Saudi, Russian oil to squeeze Iran
Reuters
“On average, Saudi exports went up by 200000 barrels per day and this went to the East, overwhelmingly to China,” said one of the sources, a senior executive with the trading arm of a US oil company. A source familiar with the matter, who declined to …
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US WTO Case Against China ‘Major Reason’ for Citibank Nod
BusinessWeek
New York-based Citigroup announced yesterday that it will become the second foreign bank, and the first western one, allowed to issue its own credit card in China. The news came about 10 months after the WTO said it would investigate a US complaint …
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India backs trilateral dialogue with US, China
Economic Times
WASHINGTON: Backing the US proposal for an India-China-US trilateral dialogue, India has said there are a host of global and regional challenges on which the three countries can work together. “There are a number of global and regional challenges on …
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Harman Q2 beats as China drives growth, shares rise
Reuters
N) quarterly results beat market forecasts for the third time in a row, on strong demand in China where customers lapped up the US audio systems maker’s products as their spending power increased. The strong results drove the stock up as much as 9 …
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China Credit Cards, Danish Loans, Mortgage Deal: Compliance
BusinessWeek
By Carla Main and Ellen Rosen (Adds mortgage deal and Express Scripts-Medco in Compliance Action and Bank of America in Courts.) Feb. 7 (Bloomberg) — China’s decision to allow Citigroup Inc. to issue credit cards in its own name may signal a step …
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Up to 10000 Myanmar refugees seek refuge in China
Reuters
The conflict could jeopardize the former Burma’s efforts to convince the European Union and the United States to lift wide-ranging sanctions against the country, which is slowing efforts to open up and democratize after decades of army rule.
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World watches as China economic leaders take stage
Reuters
Third, the men who will chart China’s course over the next decade are stepping out more onto the world stage. Vice-President Xi Jinping, who meets US President Barack Obama at the White House next Tuesday, is all but certain to take the reins of the …
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US trip of China’s next leader: From Obama to Iowa
STLtoday.com
19, 2011 file photo, Chinese Vice President Xi Jinping and US counterpart Joe Biden, not in the picture, attend a meeting with US and Chinese business leaders at the Beijing Hotel in Beijing, China. Xi, who will take over the presidency from Hu Jintao …
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VIEW: Is US-China collision inevitable? —SP Seth
Pakistan Daily Times
With the US now disengaged from Iraq, and in the process of military withdrawal from Afghanistan by 2014, it has dawned on Washington that China has strengthened its role in the Asia-Pacific and is slowly, but steadily, working to push it out of the …
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Sohu Leads Internet Slide as Profit Disappoints: China Overnight
BusinessWeek
7 (Bloomberg) — Sohu.com Inc. tumbled the most in two years, and an index of Chinese US-traded stocks dropped from a five-month high, as the owner of China’s third-biggest search engine posted an unexpected decline in profit.
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US takes president’s China policy as right path: MAC head
Focus Taiwan News Channel
Lai also said the US believes Ma’s policy of pursuing closer and friendly links with China helped him win re-election in the Jan. 14 presidential election. All messages regarding Ma’s China policy Lai has received during her trip to the US are …
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US Law Firms in China Enjoy Competitive Edge Because They Pay Better
JDJournal.com
While until now, Hong Kong had acted as a gateway to China with international litigation dominated by large British law firms, the scene is changing drastically. US law firms with smaller presence are carrying a bigger punch as they continue to draw in …
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Wal-Mart Picks New China Chief
Wall Street Journal
American’s largest retailer replaces its China head as it seeks to regain ground in the world’s most important growth market. The WSJ’s Deborah Kan speaks to Carlos Tejada. The retailer on Tuesday named Greg Foran, who recently had been appointed …
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Omar dismisses US report of limited India-China conflict
Deccan Herald
Jammu and Kashmir Chief Minister Omar Abdullah today dismissed the US intelligence assessment of a possibility of a ”limited” India-China conflict, saying the two countries have ”good relations”. “India and China have good relations.
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China and the US: What is the middle way to continue the relationship?
News Pakistan
Over the years China has become an economic super power and the main reason has been her forte in production and cheap production in particular. In the last one decade the country has snatched the production rights in the US and has provided the world …
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Chinese Oilseed Imports to Rise 9.2% in 2011-12, Oil World Says
Bloomberg
China is the world’s largest buyer of soybeans, accounting for 59 percent of world imports in 2010-11, data from the US Department of Agriculture show. The country produced 5.7 percent of last year’s global soybean crop, according to the data.
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US wind firm presses theft charge against China rival
AFP
WASHINGTON — US wind energy company AMSC said Monday it had filed three civil lawsuits in Chinese courts against rival Sinovel Wind Group Co., which it accused of stealing industrial secrets. “AMSC is seeking to recover more than $1.2 billion for …
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Small Businesses Get Help Exporting to China
NewsFactor Network
Along with government support, private firms are springing up to assist US businesses in dealing with foreign currency and communication issues in complex markets such as China. E-commerce sites make it easier than ever to get products in front of …
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Michigan work may go to China
Royal Oak Daily Tribune
By JERRY WOLFFE More than 400000 jobs in the US auto supply chain have been lost since 2000 and another 1.6 million US jobs are at risk unless China’s illegal trading practices are curtailed, according to three reports. In Michigan, 249989 jobs are at …
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Pet Food Product Recalls, U.S. Senator Expresses Concerns
ChicagoNow (blog)
By Steve Dale, today at 8:33 am Thank you Senator for stepping up on behalf of all family members, including us – human foods have the same issue. When it comes to the truth on imported food products, particularly from China, US officials typically …
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Tibetans Burning
Wall Street Journal
The US has expressed “disgust” with the Chinese and Russian vetoes of a United Nations resolution to condemn the Syrian regime, and rightly so. So why is the Obama Administration saying so little when it comes to ongoing violence against another …
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Wind Power Market Rose to 41 Gigawatts in 2011, Led by China
BusinessWeek
China installed 18 gigawatts of turbines in 2011, followed by the US with 6.8 gigawatts and India’s 3 gigawatts. Germany, the UK, Canada and Spain followed, according to the Brussels- based industry lobby group. Growth in the market occurred as …
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U.S. Stocks Decline as Greece Holds Talks to Secure Rescue Funds
San Francisco Chronicle
China’s industrial output growth is likely to slow this quarter, the government said. Federal Reserve Chairman Ben S. Bernanke speaks on the state of the US economy. Equities fell yesterday, following a five-week advance for the S&P 500, amid concern …
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Farmers Plan Biggest U.S. Crop Boost Since 1984, Led by Corn: Commodities
Bloomberg
… billion and pushed the value of farmland to a record $2350 an acre, the US Department of Agriculture estimates. Global food costs are down 11 percent from a peak a year ago as grain output rises from China to Canada, United Nations data show.
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Christian Groups at U.S. Universities Forced Underground
Opposing Views
One report I read cited a Chinese student who recognized the American university’s demands to quell free speech and seek to control the faith and practice of conservative evangelicals and devout Catholics. The Communists in his home country have …
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Total Says SunPower Can Withstand China Solar Panel Competition
Bloomberg
SunPower Corp., the US solar panel- maker controlled by Total SA (FP), is strong enough to resist competition from Chinese manufacturers until the industry revives in 2014, an executive at the French oil company said. This year and next “will be …
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New sanctions on Iran constrict trade flows to Asia
Reuters
“We don’t do money laundering with Iran and our won-denominated bank accounts have nothing to do with the toughened US measures,” a Bank of Korea source told Reuters. TRADE OBSTACLES Only a select few Chinese banks are still willing to process payments …
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GM China Sales Drop During New Year Holiday
Bloomberg
The Detroit-based company plans to focus on expanding its luxury car brand Cadillac and its sport-utility vehicle lineup in China to double deliveries in the country by 2015. The Lunar holiday, like Thanksgiving or Christmas in the US, …
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Getting even with China
Scholars and Rogues
It’s easy to blame China for lots of stuff. Its absurd veto (along with Russia, someone else we can blame stuff on) of the recent Security Council Resolution over Syria. Its persistent devaluation of the renminbi to keep it cheap to the US dollar.
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China buys more corn
DesMoinesRegister.com (blog)
China showed up as a corn buyer on the US Department of Agriculture’s weekly export inspections, with 4.7 million bushels posted for inspection for the week ending Feb. 6. For the marketing year that began last Sept. 1 China has increased its corn …
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Why China Will Avoid A Crash And A Hard Landing
Forbes
Instead of blocking Chinese investment in the US, Guthrie believes encouraging globalization could help the anemic economic recovery while reducing global imbalances. The International Monetary Fund (IMF) cut its 2012 GDP forecast for China to 8.2% …
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US STOCK FUTURES: HOT STOCKS TO WATCH
Wall Street Journal
Yum Brands’ fourth-quarter income rose 30% as the fast-food company’s sales in China continued to grow, and US sales improved. Shares were up 2.1% premarket at $64.50 as earnings and revenue beat estimates. Becton Dickinson’s fiscal first-quarter …
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China Sunshine Funds Miss Hedge Slump to Triple Assets
BusinessWeek
Eighty-eight Greater China-focused hedge funds around the world, including those that trade foreign-currency shares of Chinese companies quoted in international exchanges such as Hong Kong and the US, lost 14 percent last year, according to data from …
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Facebook in China and India Could Be Huge; Technology Report by Profit …
Houston Chronicle
He notes that Facebook has over 800 million users from around the world, including 80% located outside of the US “It will be exciting to see how Facebook does in China; but one thing’s for sure: I expect social networking could be the next big thing if …
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US consumer confidence jumps, globally shoppers still cautious -Nielsen
Reuters
China also saw a jump in confidence, helped in part by easing food inflation. Confidence was highest in India for an eighth straight quarter and India’s reading rose by a point from the third quarter to 122. It was followed by the Philippines and …
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U.S. Leading Alternative Energy Race — SatCon and A123 Systems Look to Benefit
MarketWatch (press release)
Access to the full company reports can be found at: A report by Bloomberg New Energy Finance (BNEF) last month said that the United States last year regained its title as the top country for clean energy investment, beating out China for the first time …
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US Midwest hogs trade steady to 50 cents lower
Reuters Africa
Feb 7 (Reuters) – US Midwest cash hogs traded steady to 50 cents lower on Tuesday, dealers said. * Supply outpacing demand amid lower exports, lower cash margins and lower cutout values, dealers said. * China exports appear off 2011′s strong $6 billion …
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Global shifts guarantee US election humdinger
Daily Dispatch Online
The third issue is the rise of China. At one level, there is no real competition between the two countries. The US remains the most powerful country in the world on any indicator – economic or military. But one thing is undeniable, China’s population …
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Independents and Democrats agree on key economic proposals
Independent Voter Network
Giving tax breaks to US corporations that bring manufacturing jobs back to the US from overseas. 2. Pressuring China to allow fairer trade between the US and China. 3. Increasing federal government spending to support the development of alternative …
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U.S. China News 2012.02.06

US closes Syrian embassy, presses Assad to step down
USA TODAY
6 The US evacuated all its diplomats from the country as Syrian forces intensified a shelling assault on the restive city of Homs. The offensive began Saturday, the same day Syria’s allies in Russia and China vetoed a Western- and Arab-backed …
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US Senator: China Cannot Avoid ‘Arab Spring’
Voice of America
Monday, 06 February 2012 US Senator: China Cannot Avoid ‘Arab Spring’ VOA Tibetan A leading US senator and one-time presidential candidate is warning China, “the Arab Spring is coming.” Republican Senator John McCain made the comment to Chinese Vice …
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GRAINS-US soy rises on prospect for more China demand
Reuters
China seen stepping up purchases of US soybeans * Paris wheat climbs on options-related short covering * Market eyes USDA’s supply-demand report on Thursday (Adds quotes, updates prices) By Nigel Hunt and Naveen Thukral LONDON/SINGAPORE, …
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China,US huge potential for economic co-op
China Daily
WASHINGTON – China and the United States have “huge potential” for economic cooperation, which should be more market-oriented, a leading economist of a Washington-based think tank said. “The latest ten to twelve years demonstrated that the potential is …
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China bars its airlines from paying EU carbon tax
USA TODAY (blog)
The charges are aimed at curbing emissions of climate-changing gases but governments including China, the United States and Russia oppose them. The ratings agency Fitch warned in December the conflict could spiral into a global trade dispute.
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Chinese shrug at offensive Super Bowl ad
msnbc.com
Just in case it wasn’t clear, the website, debbiespenditnow.com, features the China flag and what one Twitter user called “chop suey” font. The message being that US government officials like Stabenow are spending so much money that it benefits China, …
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Small businesses getting help to increase exports to China
USA TODAY
By Kathy Chu, USA TODAY HONG KONG – New Orleans entrepreneur Kyle Berner is taking his all-natural rubber flip-flops to one of the world’s fastest-growing markets: China. By Sara D. Davis, for USA TODAY By Sara D. Davis, for USA TODAY This year, …
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China-bashing hides lack of US plan
The Australian
Romney’s longstanding efforts to paint himself as someone willing to “stand up to China” exemplifies an alarming trend of China-bashing in US politics. Rick Santorum has echoed Romney, declaring, the US has a moral obligation to defeat China’s “godless …
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Exclusive: Asia buys record Africa oil volumes after Iran cuts
Reuters
Asian imports of West African crude oil will hit an all-time high in the first quarter as purchases of Iranian oil decline and as Chinese and Indian refiners build stocks from alternative sources, trade and shipping sources said. North American …
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Is The U.S. Leading the Global Economy Out of a Downturn?
Motley Fool
For ideas, we created a universe of BRIC (Brazil, Russia, India, China) stocks trading on the US exchanges. We then collected data on short-selling activity, and identified a list of companies that have seen significant short covering over the last …
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Insurance Auto Auctions Paves the Way for Recycling U.S. Salvage Vehicles in China
MarketWatch (press release)
Chenlong Recycling is one of the first companies to obtain one of only a few recycling permits from the Chinese government that allows the import of salvage vehicles for the purpose of recycling. “This agreement helps us achieve our growth strategy by …
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On China, Donald Trump Brings Out the Worst in Mitt Romney: View
San Francisco Chronicle
An exception is China. Last week, accepting the endorsement of Sinophobe Donald Trump, Romney declared that “on my first day in office,” he will slap tariffs on any Chinese goods that arrive on American shores through “unfair trade practices” that …
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Chinese Nod for Citibank Credit Cards May Signal Market Opening
BusinessWeek
New York-based Citigroup is the second foreign bank, and the first Western one, to be permitted to issue credit cards in China. The announcement today came as the World Trade Organization, acting on a US complaint, probes the legality China’s refusal …
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Asian Stocks Advance as US Jobs Data Boosts Economic Optimism
BusinessWeek
Agricultural Bank of China Ltd., the nation’s third-biggest lender by market value, dropped 2 percent amid concern that a worsening of Europe’s crisis will hurt China’s economic growth. “There’s a modestly constructive outlook for share markets,” said …
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The other side of China’s ascent
Business Spectator
Is the US in relative economic decline to China? In a recent article in International Security, I say ‘no’. In a post on The Interpreter, Mark Thirlwell says ‘yes’. Who’s right? The answer is: we both are, but only by our own definitions of decline.
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Will America’s Solar Civil War Destroy The Industry?
TPM
Behind the headlines of a looming solar trade war between the US and China is a messy fight between two major sectors of the American solar industry — manufacturers against ‘downstream’ companies. The fight is centered on SolarWorld America, …
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Harper China delegation includes oil, banking executives
CBC.ca
China’s total investment in Canada used to add up to millions of dollars, but since 2009 has increased to up to $20 billion. It has come with a shift in this country from relying solely on the United States as the only buyer of Canadian oil and gas …
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US calls China, Russia UN veto on Syria a “‘travesty”
GlobalPost
Hillary Rodham Clinton, US Secretary of State, addresses the media in response to the Syrian massacres at the 48th Munich Security Conference at Hotel Bayerischer Hof on February 4, 2012 in Munich, Germany. (Johannes Simon/Getty Images) The United …
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Pepperdine University’s Graziadio School of Business and Management To Host …
MarketWatch (press release)
LOS ANGELES, Feb 06, 2012 (BUSINESS WIRE) — Pepperdine University’s Graziadio School of Business and Management and ChinaMart(R) Los Angeles will host a seminar on US-China trade relations and shared economic interests on February 16, 2012, …
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China’s Loss in Trade Appeal a Boon for U.S. Businesses
woodworkingnetwork.com (blog)
Not only could it set a precedent for the US and other countries to challenge China’s export restrictions on other materials, but it could also lead to other rulings that would ultimately level the playing field for the entire manufacturing sector.
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Sino Payments’ merger partner signs US$1.5 mln Chinese contract
Proactive Investors USA & Canada
Sino Payments (OTCQB:SNPY) told investors today that a subsidiary of TAP Investment Group, has signed a US$1.5 million contract in China. The contract is with Wincor Nixdorf and is for the supply of helpdesk, hardware and sofware services to more than …
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The real source of American prosperity
Chicago Tribune
The US needs all the jobs it can get, and we’re all for employers bringing factory work back here from China and other foreign locales. We support American manufacturing — period. But the nation is not going to see the return of loads of jobs that …
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US Official: China and Russia will regret UN vote
Atlanta Journal Constitution
AP WASHINGTON — UN Ambassador Susan Rice says China and Russia are running of risk of suffering the same sort of international isolation as Syria’s Bashar Assad because of their decision to block a UN Security Council vote embracing an Arab League …
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Top Oversold U.S.-Listed Chinese Stocks for the Week Ended Feb 05, 2012
China Analyst
E Commerce China Dangdang Inc (ADR) (NYSE:DANG) is the most oversold US-listed Chinese stock for the week. It was down 15.2% in the week. DANG’s upside potential is 13.3% based on brokerage analysts’ average target price of $8.01.
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India, China in no position to preach to a ‘declining West’
Firstpost
China too faces enormous risks. AFP There can be no doubt that the West’s military mastery and economic edge have been severely diminished recently. In 2000, America’s GDP was eight times larger than China’s; today it is only twice as large.
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Local firms vie for Yum’s slice of China market
Reuters
Twenty-five years after Yum introduced China to American-style fast food with its first fried chicken store, the two US giants are facing a plethora of Chinese and Asian eatery chains that are steadily munching away at their market share.
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Council on Competitiveness Speaks in Support of Recent WTO Ruling on US …
MarketWatch (press release)
In remarks earlier today, Council President and CEO, Deborah L. Wince-Smith stated: “This ruling will improve US manufacturing competitiveness by removing market-distorting policies that unfairly advantage Chinese producers.
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Michigan universities recruit Chinese students to add diversity, revenue
Crain’s Detroit Business
The University of Detroit Mercy in 2005 had just one student from China. In 2011, there were 124. “China really opens up a new market for American universities,” said Kevin Kucera, associate vice president for student affairs and enrollment management …
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China Global Media, Inc. Announces Financial Performance Goals for Fiscal …
MarketWatch (press release)
Based on the strong financial performance achieved in fiscal year 2011, CGLO attempts to achieve annual turnover of US $80 Million and annual profit of $15 Million in fiscal year 2012 and achieve annual turnover of US $150 Million and annual profit of …
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It’s All Greek To Us All
Resource Investor
The pre New Year’s shopping period in China is roughly the equivalent of what happens in the malls of America between Thanksgiving and Christmas. The recent drops in real estate values have clearly put a damper on consumer spending patterns and the …
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China Risks 4-Point Growth-Rate Cut If Europe Worsens: Economy
BusinessWeek
3 showed employers in the US added 243000 jobs in January, exceeding the most optimistic estimates in a Bloomberg News survey. The MSCI Asia Pacific Index rose 0.4 percent as of 6:28 pm in Tokyo. China’s economy is unlikely to experience a “hard …
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The basics of Chinese inbound investment deals
MarketWatch
By Andrew Ross BEIJING ( Caixin Online ) — An accelerating number of Chinese companies are engaging in acquisitions and joint ventures in the United States and while it’s generally understood that a large number of other Chinese companies are also …
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Apple’s China Problem – and Ours
Sustainable Business Forum
The Apple-in-China story is also brought to life by Mr. Daisey and the Apple Factory, a lively, provocative episode of public radio’s This American Life, in which an actor-turned-reporter named Mike Daisey investigates conditions at a Foxconn factory …
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Obama leads from behind; the Middle East reels
Washington Post (blog)
Foreign Policy’s Josh Rogin reported that, in the wake of the veto by China and Russia in the UN Security Council seeking tougher measures against Bashar al-Assad and support for the civilian uprising, the US administration is stumped: Now that Russia …
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China’s Qihoo 360 Says Its Mobile Apps Removed From Apple Store
BusinessWeek
6 (Bloomberg) — Qihoo 360 Technology Co., a Chinese developer of computer security software, said it’s seeking information from Apple Inc. after its products were removed from the US company’s online store for wireless applications.
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Sohu.com Reports Fourth Quarter and Fiscal Year 2011 Unaudited Financial Results
MarketWatch (press release)
In 2011, the internet population in China exceeded 500 million and we witnessed a continuing trend where marketing spending by brand advertisers has been shifting from offline to online.” Total revenues for the fourth quarter of 2011 were US$246 …
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TEXT-S&P asgns ‘A+’ rtg to Sun Hung Kai Properties’ notes
Reuters
Feb 06 – Standard & Poor’s Ratings Services today assigned its ‘A+’ long-term issue rating and ‘cnAAA’ long-term Greater China credit scale rating to the proposed issue of 10-year US-dollar fixed-rate, senior unsecured notes by Sun Hung Kai Properties …
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The Week in Solar
Motley Fool
As I said last week, the issue of Chinese subsidies and potential US tariffs on Chinese solar imports is a more complex issue than it first appears. The US is actually a net exporter of solar products and new tariffs could cost the industry 60000 jobs …
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Canada looks to China after Keystone failure
ForexLive (blog)
By Adam Button || February 6, 2012 at 17:07 GMT Canadian PM Harper is in China this week to meet senior leaders. The American rejection of a pipeline that would have brought Canadian oil to the Gulf of Mexico has sparked talk of a Chinese-funded …
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Toxic treats? Owners say China-made product killed dogs; FDA issues warning …
Knoxville News Sentinel
Parker was stunned to learn the US Food and Drug Administration has been investigating since 2007 a “potential association” between China-made chicken dog treats and ill dogs; the FDA updated its warning the very day Sarge ate the treat.
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Bullard bullish on US economic data
China Daily
By Steve Matthews (China Daily) ATLANTA, United States – Federal Reserve Bank of St Louis President James Bullard said reports on the United States economy such as the better-than-expected employment data indicate that more Fed purchases of bonds …
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The future of the world economy
Orlando Sentinel
The currency dispute with China is a case in point. For years, American presidents have failed to persuade China to stop undervaluing its currency and, thereby, subsidizing exports and penalizing imports. Indeed, some economists argue that China’s …
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Susan Tompor: Kid Rock’s clothing line says ‘Made in Detroit’ — but isn’t
Detroit Free Press
I’ll admit my first reaction was: Who has any clothes that aren’t made somewhere else, outside the US? Are the “Made in Detroit” shirts made in China? I did some shopping and later reached out to Made in Detroit, a trademark owned by an entity called …
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Defense Cuts Sap Obama’s Asia Pivot
Wall Street Journal
After months of uneasily watching Washington’s budget debates, Asian allies are increasingly fearful that proposed cuts will reduce America’s commitment to the region just as China’s power and territorial assertiveness are growing.
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US Revenue Up Coal Exports As Domestic Demand Dwindles
Fox Business
Higher sales prices in Asia and Europe have made sending coal to those markets more attractive, while US emissions regulations and competition from cheap natural gas limit domestic demand. Fast-growing China and India have been sucking up shipments to …
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U.S.. China News 2012.02.05

Anger after Russia, China block UN action on Syria
Reuters
… with outrage on Sunday after Russia and China vetoed a UN Security Council resolution that would have backed an Arab plan urging Syrian President Bashar al-Assad to give up power. US Secretary of State Hillary Clinton called the veto a “travesty.
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Weibo Platform Boosts Tudou as Web Gamers Climb: China Overnight
BusinessWeek
Online game developers Shanda Games Ltd. and Perfect World Co. also climbed as their high cash levels and cheapness compared with US peers spurred analysts to upgrade their stock. The Bloomberg China-US 55 Index of the most-traded Chinese shares in the …
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US manufacturers step up efforts to manage Chinese supplier risks
Business Insurance
American manufacturers buying products from Chinese suppliers are taking steps to protect themselves from product liability claims and ensure the quality and safety of their goods. Now Willis works with ACE Ltd. and Chartis Inc. to issue a product …
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US scrambles back into Burma in a race for influence
Sydney Morning Herald
Jostling in hotel lifts with Chinese engineers who are here to build pipelines across Burma are new faces: US senators, business leaders and academics. Hotels in the capital Rangoon that were largely empty six months ago are at capacity, as the outside …
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US, Japan agree to partial Marine transfer from Okinawa-media
Reuters
The Guam deployment had been held hostage by a political stalemate in Japan over the shifting of the Futenma base to another site on Okinawa, an issue given added importance in recent years by China’s growing military might in the region.
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Super Bowl ads: Pete Hoekstra’s hits a nerve
Politico
Peter Hoekstra for US Senate explained a racially charged Super Bowl advertisement they developed – complete with an Asian actress speaking in broken English – as a reflection of China’s increasingly competitive education system.
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US-China Love Affair: Is China on the Verge of Collapse?
DBKP – Death By 1000 Papercuts
By admin The US–or more accurately, US politicians and corporate media–have had a hot, 20-year love affair with Communist China. The last three US presidents have showered money, technology, favors and more money on the ChiComs, building them into a …
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Trade Gap in U.S. Probably Widened as Imports Increased More Than Exports
Bloomberg
“2011 was a record-breaking year for US exports,” which “supported thousands of jobs in the United States.” Asian Economies China, the world’s second-biggest economy, expanded 8.9 percent in the fourth quarter from a year earlier, exceeding the …
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China’s services opportunity
Livemint
With China closing in on the US in geometric progression—the US economy is now bigger by only 2.5 times that of China in gross domestic product (GDP) terms; it was five times bigger in 2005 and 10 times in 2000—China is potentially moving from …
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Harper in China: Juggling oil sales and core principles
Toronto Star
Charles Burton Like so much in Canadian politics, the economic emphasis of Prime Minister Stephen Harper’s second trip to China is ultimately linked to Canada-US relations. China is the new engine of global prosperity, and here at home concern is …
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India, Russia, US, China plan anti-carbon tax talks
Hindustan Times
India, Russia, the United States, China and other countries will meet in Moscow this month to decide whether to retaliate against the EU’s decision to impose a carbon tax on air travel, a report says. dozen countries, including India, Russia, China and …
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China snubs debt in European spending spree
Channel News Asia
Analysts say bargain-hunting — and not the secret hand of Beijing — is driving the recent wave of acquisitions as Chinese companies seek to expand overseas and the country’s sovereign wealth fund diversifies away from US bonds.
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Clinton: U.S. to ‘Redouble Efforts’ on Syria
Bloomberg
The US will work to strengthen international sanctions against Syria and “expose those who are funding the regime,” Clinton told reporters in the Bulgarian capital of Sofia today. Russia and China yesterday vetoed a proposal by Western and Arab …
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CT leads US high-tech, but nation losing ground
Hartford Business
18, showing that the US lost 28 percent of these jobs over the past 10 years, further eroding its lead over second-place China and the rest of the world. Even though Connecticut leads the nation in many educational and manufacturing indicators, …
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Nixon’s China trip opened economic ties
Springfield News Sun
That handshake 40 years ago this month abruptly ended more than two decades of US and Western isolation of China. It ushered in a new era as China emerged from what Nixon called “its angry isolation” to transform itself into the world’s second largest …
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US, Israel back army of terrorists in Syria
Press TV
Russia and China have vetoed an anti-Syria resolution on Syria endorsed by the US and its Arab allies. Press TV has conducted an interview with Wael al-Imam, professor at Damascus University, to share his opinion on this issue.
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World won’t wait for India
Zee News
Also when major powers like the US, Russia and China will be busy with their elections or changes at the leadership level, India can take initiatives unhindered to improve relations in its immediate neighbourhood. The big powers are too busy with their …
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Empire strikes back
DAWN.com
The Obama administration has pursued a tough external policy seeking to reassert US interests simultaneously on several fronts. Obama has sought to contain China’s growing economic and political power energetically. He warned that China’s military …
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China: Rise of Asia signals greater balance
China Daily
MUNICH, Germany – The rise of Asia represents greater balance in the international power structure, China’s Vice Foreign Minister Zhang Zhijun said here on Saturday. Zhang made the remarks during a panel discussion on “America, Europe and the Rise of …
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Fisher: Aussies now a key player in US defence plans
Vancouver Sun
Although no official would dare say so on the record, the US is developing a containment strategy for China that is somewhat similar to the one it established with NATO more than half a century ago to hem in the Soviet Union, and Darwin is part of that …
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Kremlin Calls Protesters Puppets of the US
Wall Street Journal
That will continue to muddle US efforts to isolate Syria in the UN, where Russia joined China in vetoing a resolution over the weekend calling for President Bashar Assad to step aside, saying the resolution was biased, illegal and would promote “regime …
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China’s state TV expanding, but fetters remain
Chicago Daily Herald
Programming is distributed on cable and satellite carriers in the US as well as over the Internet. The Associated Press distributes a selection of CCTV news content to broadcast subscribers and also provides content and other services to the Chinese …
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Let’s welcome China-Iowa friendship
The Gazette: Eastern Iowa Breaking News and Headlines (blog)
By Alan Brody About a billion people in China, and hundreds of millions of others in the United States and around the world, will be hearing our state’s name in association with the upcoming visit of China’s Vice President Xi Jinping.
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Land grab: All white by us
New Zealand Herald
But Hollywood directors and pop singers have a better chance of winning public approval than well-meaning Chinese businessmen. Susan Edmunds investigates our double standards Opononi Hotel manager Colin Tet Tai says local families are being priced out …
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Bigger US role against companies’ cyberthreats?
Fox News
Those are the most contentious parts of legislation designed to boost cybersecurity against the constant attacks that target US government, corporate and personal computer networks and accounts. Authorities are increasingly worried that cybercriminals …
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Zakaria: It’s a new world, Mitt
CNN (blog)
For a quarter-century after the collapse of communism and the Soviet Union, the United States dominated the world with no real political or economic competitors. Mitt, we are in a different world now. In 1990, China represented 2% of global gross …
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Detroit-area school attracts Chinese students
Chicago Tribune
A Detroit-area school district has turned a former school into a dormitory for dozens of Chinese students who will spend the rest of the year getting a US education. Supporters see many advantages: The 55 students from a school in Beijing spend months …
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America’s Pacific century!
Pakistan Observer
Diplomatic and economic engagement with China and others will work better when backed by a credible military posture.” Hillary Clinton calls this major shift as triumph of US diplomacy – “American Pacific Century”, as the best bet, after “disengaging …
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Premier Farnell’s Green wary of recovery talk
Financial Times
The US manufacturing sector expanded at its fastest rate since June 2011 while Chinese output also grew, defying forecasts of a decline. But from her perch as chief executive of Premier Farnell, the electrical components distributor, Harriet Green …
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Mideast officials slam UN, urge diplomatic break with Syria
Times of India
MUNICH, Germany: Arab leaders and officials attacked the UN on Sunday after Russia and China blocked a resolution condemning the Damascus regime, as Tunisia urged the world to cut diplomatic ties with Syria. Tunisian Prime Minister Hamadi Jebali said …
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United States is biggest buyer of NZ land
TVNZ
People from the landlocked principality of Liechtenstein had purchased 10 times more land than the Chinese – 2144ha in the same period. The top buyers were the United States, Canada, United Kingdom, Australia and Israel. The United States had 194 …
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Egypt: can’t influence democracy groups probe
Boston.com
The Yemeni activist says Russia and China bear moral responsibility for killings in Syria and is urging governments to expel Syrian ambassadors. (AP Photo/Matthias Schrader) By Geir Moulson Associated Press / February 5, 2012 MUNICH—Egypt’s foreign …
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Qatar over-reaches: Allowing US a face-saving Afghan exit
Rupee News
Today it is a battleground between US intentions to sequester China, contain Pakistan, attack Iran, and control the energy resources of Central Asia. Imperial Hubris, and continental overeach, a bankrupt economy and a $4 Trillion bill has brought the …
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Trust Obama on Iran? His Diplomatic Failures Make That Impossible
Commentary
The second is the United States cannot count on the international support that would make sanctions work even if Obama had the will to enforce them. The diplomatic wild cards of Russia and China can always be counted on to spike any American initiative …
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Sen. John Hoeven, RN.D., column: Pipeline is in America and ND’s interest
Grand Forks Herald
But instead of being refined in the United States by American workers and benefiting American consumers, it will be shipped by tanker across the Pacific to China. I have worked toward approval of the Keystone XL, first as governor of North Dakota and …
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Climate change predicted to escalate Tropical Cyclone damage costs for US and …
Bay Area Indymedia
Two countries are responsible for incurring 75% of the extra damage from climate change associated with tropical cyclones: the United States and China. But tropical island nations will incurr the highest damage per GDP – up to 37%.
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Art of the dragon in Lexington
MetroWest Daily News
In a fruitful collaboration, the Chinese Painting Guild and LACS Ceramics Guild are showing and selling paintings, pottery and other art inspired by dragons. For most of us, it’s 2012, time to elect a president. The CPG’s president, Funkhouser, …
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The Beginning of the End for the US Dollar as the World Reserve Currency
OpEdNews
But the times are changing and many of these nations, with China at the forefront, are finalizing trade agreements that utilize only their own currencies. So it appears that the reign of the US dollar as the world’s reserve currency will, quite likely, …
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Chinese Fascism’s Global Consequences
truthout
It is increasingly clear that China is the most powerful, mature and internationally accepted fascist state in global history and its status as such should cause us all a great deal of concern. To call China a fascist state is nothing particularly …
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Real love story behind Sacramento Ballet’s ‘Cinderella’
Sacramento Bee
In 1979, with the end of the Cultural Revolution in China, Chinese officials were eager to welcome an American ballet company to perform a story ballet. Representatives saw the Boston Ballet version of “Cinderella” and it was love at first sight.
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Holmes: Choosing sides on energy
MetroWest Daily News
It’s vital to creating American jobs, they say. So can we start by counting the jobs? The jobs projections thrown around by politicians are wildly exaggerated. TransCanada, the pipeline owner, began with a more modest estimate of 20000 jobs, …
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U.S. China News 2012.02.04

Russia, China veto UN resolution on Syria
USA TODAY
UN Security Council members vote on a draft resolution backing an Arab League call for Syrian President Bashar Assad to step down, which was later vetoed by Russia and China. The other 13 members of the council, including the United States, …
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US Senator: China Cannot Avoid ‘Arab Spring’
Voice of America (blog)
A leading US senator and one-time presidential candidate is warning China, “the Arab Spring is coming.” Republican Senator John McCain made the comment to Chinese Vice Foreign Minister Zhang Zhijun Saturday during a high level security conference in …
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China pushes, Europe pulls as US mulls force structure
Monsters and Critics.com
But the shift is not going down well in either region, with Europe worried that it will be sidelined and China cool to any US moves into its backyard. Europe remains a key partner to US efforts to achieve global security, the US secretaries of state …
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US-China Forum on the Arts and Culture (highlights)
Asia Society
This past November, a delegation of outstanding American cultural figures traveled to Beijing to take part in four days of unprecedented cultural exchange. The US-China Forum on the Arts and Culture organized performances, master classes and …
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India, Russia, US, China plan anti-carbon tax talks
Economic Times
NEW DELHI: India, Russia, the United States, China and other countries will meet in Moscow this month to decide whether to retaliate against the EU’s decision to impose a carbon tax on air travel, a report says. The European Union (EU) imposed the tax …
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Ties with India, China not zero-sum game: US
Hindustan Times
PTI Seeking strong ties with both India and China, the US has said that its relations with the two Asian giants are not a zero-sum game. “We have a strong bilateral relationship with India. The United States is in the midst of our Asia pivot, …
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Canadian Dollar Gains on Risk Appetite in Longest Win Streak Since October
Bloomberg
The currency reached the strongest level in more than three months yesterday as the US jobless rate fell to its lowest since 2009 and stocks climbed. Stronger manufacturing data from China to Europe to America also stoked demand for higher- yielding …
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China and the United States: a discussion, not a lecture
The Seattle Times
By Norm Page There’s only one party in China. The Chinese Communist Party controls… (February 4, 2012, by Soarer) MORE not only are the young Chinese studying us they also have a mostly positive attitude… (February 4, 2012, by nurse.comic) MORE …
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Apple the target of playwright’s ire over Chinese worker abuse
The Guardian
Daisey’s latest work, The Agony and the Ecstasy of Steve Jobs, has triggered off a spasm of soul-searching about the sometimes appalling labour conditions in China under which many of America’s most cherished products are made. Specifically, the shiny …
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Online Game Stocks Boost Index as Tudou Surges: China Overnight
BusinessWeek
4 (Bloomberg) — Shanda Games Ltd. and Perfect World Co. drove an index of Chinese US-traded stocks to a seventh weekly gain, as the online game developers’ high cash levels and cheapness compared with US peers spurred analysts to upgrade their stock.
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Canadian PM to Visit China Next Week
ABC News
Canada’s prime minister heads to China next week where he’ll discuss Canada’s vast oil reserves in a visit that’s being viewed as an “open warning” to the United States, which rejected a pipeline from Canada to Texas. Prime Minister Stephen Harper will …
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US Trade Representative Ron Kirk Announces US Victory in Challenge to China’s …
eNews Park Forest
US Trade Representative Ron Kirk today announced that the World Trade Organization (WTO) Appellate Body found China’s export restraints on several industrial raw materials used as key components in the steel, aluminum, and chemicals industries to be …
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China unlikely to join embargo against Iranian oil
Tehran Times
China, which imports about 20 percent of the Iranian oil and is 50 percent dependent on Middle Eastern oil, has been is the natural “replacement” for the loss of EU purchases. Beijing is walking a fine line. Both the EU and US sanctions have been …
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Unemployment falls sharply in US, rises in Europe
Fox News
America’s job market is starting to heal just as other major economies contend with rising unemployment and the threat of recession. The unemployment rate fell faster in the United States in 2011 than it did in all but three of the 31 countries …
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China dominates at Freestyle World Cup
Universal Sports (blog)
China’s Xu Mengtau won her fourth gold in four events. Cheng Shuang took silver and Kong Fanyu bronze. “They actually started recruiting three years before the Americans and it’s showing now,” US freestyle program director Todd Schirman said of the …
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US and Philippines to Ramp Up Military Alliance
linktv
(LinkAsia: February 3, 2012) Defense ties between the United States and the Philippines are deepening, many say in order to counteract China’s dominance in the South China Sea. The Asia Foundation’s Steven Rood joins Yul Kwon to discuss the US military …
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What happens in China does not stay in China
Midland Daily News
22 marks the 40th anniversary of US President Richard Nixon’s historic visit to China. The world has never been the same. A great fourth grade teacher sparked my life-long interest in China. In 1989 I stood with the students in Tiananmen Square in …
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US Trade Rep. Kirk to skip Portland as China’s Xi visits DC and SolarWorld …
OregonLive.com
One of those spats involves clean-tech products, as SolarWorld Industries America Inc., which employs 1000 in Hillsboro, asks US officials to slap tariffs on Chinese solar panels. China has threatened to retaliate, if so. The US Commerce Department had …
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ANALYSIS: US focus turns to Asia, Europe questions its defence future
Monsters and Critics.com
‘This continent has largely been missing in this debate,’ said Australian Foreign Minister Kevin Rudd during a panel on the rise of China and its effect on Europe and the United States. ‘This continent of Europe has so much to offer in terms of …
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Will America Embrace Protectionism?
The Weekly Standard (blog)
Sit on the sofa of an unemployed worker whose lost job is being filled by a $1-a-day Chinese worker, and protectionism is just what the nation needs—unless you just paid $69 for a made-in-China tire that cost $39 before the US imposed high tariffs on …
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Harper’s China trip a chance to strengthen growing ties: observers
Vancouver Sun
“China is not in the same league yet as the United States (in economic importance), but it is approaching that level of importance.” Harper is slated to meet with Chinese President Hu Jintao and Chinese Premier Wen Jiabao during his official visit, …
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Merkel unhappy China blocked lawyer from meeting
Boston.com
German Chancellor Angela Merkel addresses a German-Chinese economic forum during her visit to Guangzhou, China, Friday, Feb. 3, 2012. (AP Photo/Bobby Yip, Pool) BEIJING—German Chancellor Angela Merkel expressed regret Saturday that Chinese police …
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China’s Economy May Face ‘Rough’ Landing, Singapore’s Lee Says
BusinessWeek
China’s economy expanded 10.4 percent annually in the past 10 years, five times the pace of the US, as the government boosted spending on roads and bridges and manufacturers exported everything from toys to socks. China’s economy grew at a 9.2 percent …
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Text of Proposed UN Resolution on Syria
ABC News
Text of the proposed UN Security Council resolution on Syria that was vetoed Saturday by Russia and China: List of Co-Sponsors: Morocco, France, United Kingdom, United States, Germany, Portugal, Colombia, Togo, Libya, Bahrain, Jordan, Kuwait, Qatar, …
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Does China Have a Soul?
The Diplomat
We are often blind to these questions because we are so focused on economic data, which we faithfully believe to reveal the reality of China to us. But GDP growth, consumer spending, and stock market ups and downs don’t tell us the level of individual …
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China’s rich
ABC Online
Europe and North America may be panicking about the floundering expectations of their economies but in China that’s certainly not the case. In fact, China’s mega wealthy they’re growing like topsy. ELIZABETH JACKSON: Europe and North America might be …
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That Giant Sucking Sound of Manufacturing Jobs Going to China
Forbes
It’s one of those things we’re continually told, isn’t it, that all the good, well paid, manufacturing jobs have been packed up and shipped off to China. That’s what ails the American economy, that we just don’t manufacture anything any more.
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Oil prices rise after drop in US hiring expands
CBS News
(AP) NEW YORK — A surge in US hiring lifted oil prices for the first time in a week. As more Americans commute to work and the economy picks up, demand for energy is expected to rise. US benchmark crude increased by $1.48 on Friday to end the week at …
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America’s Clinton throws weight behind euro as Greek debt deal edges closer
Telegraph.co.uk
In an apparent attack on China, she added: “Too often, American and European companies face unfair practices that tilt the playing field against us – favoritism for state-owned enterprises, barriers to trade emerging behind borders, restrictions on …
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Asia Stocks Equal Longest Gain Streak Since ’05 as Factory Data Improves
Bloomberg
Asian stocks rose for a seventh week, with the regional benchmark matching its longest winning streak since 2005, as improved manufacturing reports in the US, China, India and Europe overshadowed a stalemate over Greek debt negotiations.
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US Open champ So Yeon Ryu leads Australian Ladies Masters
USA TODAY
GOLD COAST, Australia (AP) – US Open champion So Yeon Ryu shot a 3-under-par 69 on Saturday to take a three-stroke lead into the final round of the Australian Ladies Masters. By Mark J. Terrill, AP So Yeon Ryu, shown here at the 2011 US Open, …
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U.S. stocks cheer surprisingly good jobs data
MarketWatch
Copper’s wild ride since August has given way to a big rally year to date as optimism over demand growth for the industrial metals, especially from China, gathers steam, but some analysts have serious doubts that it will last. See full story.
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Sex Tech Weekly: Megaupload, Match Singles Data, Obscenity Copyright, China …
ZDNet (blog)
By Violet Blue | February 3, 2012, 5:33pm PST Summary: Match.com’s data on US singles, Megaupload reviled by Perfect 10, China’s sex toy spam industry and more. This week at the intersections of sex and technology we find singles, Chinese sex toy …
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Romney’s radical rhetoric won’t be matched by reality
Deutsche Welle
He has vowed to take a tougher line vis-à-vis Russia, China and Iran and promises to beef up America’s military prowess. The official blueprint for Mitt Romney’s foreign policy is “An American Century: A Strategy to Secure America’s Enduring Interests …
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BP’s Optimistic Outlook Says The US Will Achieve Energy Independence
Business Insider
This year the introductory speech by Bob Dudley focused on energy demand in China and India, Middle East exports, and transport fuel demand. BP sees overall energy demand growing some 40% over the next two decades, with virtually all growth coming from …
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Worker Abuse in Chinese Factories Means It’s Time for Apple to Bring Factories …
PolicyMic
According to a survey done by MFG.com in November 2011, about one in five US companies have brought back their manufacturing from a “low cost” country – like China – which is an improvement from one in ten in the previous survey.
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Bush’s ‘evil’ trio holds sway over US decade later
Boston.com
While China is North Korea’s major economic and political backer, relations with the US are a high priority among officials in Pyongyang. North Korea’s willingness to make a deal with Washington is seen as a crucial pointer to how the country will …
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Starbucks Hopes India Will Be Another China
Motley Fool
Skeptics believed Starbucks would struggle in the traditionally tea-drinking country, but the coffee chain has been overwhelmingly successful, playing into the growing Chinese middle class’s love of American brands and conspicuous consumption.
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Weekly Fundamentals – Germany Calls China for Investing in Eurozone …
NASDAQ
Germany’s Chancellor Angela Merkel started her 3-day trip in China, meeting leaders of the world’s second largest economy for discussions on resolution of the Eurozone sovereign debt crisis, Iranian and Syrian issues, and rare earth restriction.
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US Stocks Rise a Fifth Week on Employment, Manufacturing Data
BusinessWeek
This week’s advance was propelled by the American unemployment rate dropping to a three-year low and manufacturing gauges in the US, China and Europe increasing. Stocks gained yesterday after Labor Department figures showed payrolls increased by 243000 …
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Faruqi & Faruqi, LLP Files Securities Class Action Suit Against China Medical …
MarketWatch (press release)
12-CIV-0882), filed in the United States District Court for the Southern District of New York, asserts claims under the Securities Exchange Act of 1934 (“Exchange Act”) on behalf of all persons who purchased or otherwise acquired CMED’s American …
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Patriot Nation ready across US & abroad
Boston.com (blog)
We put the call out for Patriots fans a couple of weeks ago living outside New England to tell us about where they gather each week to watch Tom Brady’s latest exploits. We heard back from South Korea, Hawaii and across the Continental United States.
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U.S. China News 2012.02.02

US accuses China of instigating plot against DuPont
Reuters
By Dan Levine | SAN FRANCISCO (Reuters) – Federal authorities successfully kept a US businessman in jail on Wednesday ahead of his trial on charges relating to trade secret theft, and argued that it was Chinese government representatives who directed …
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Chinese travellers are seeing the USA in record numbers
Vancouver Sun
The Chinese are coming. And the US travel industry couldn’t be happier. Eager to spend their growing disposable income, travellers from mainland China’s wealthy and rising middle classes are traversing the globe in search of iconic destinations they …
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Hong Kong Stocks Rise as US Manufacturing Lifts Global Outlook
BusinessWeek
Esprit Holdings Ltd., a Hong Kong-based clothier that gets about 79 percent of sales from Europe, climbed 5.5 percent after moving to close unprofitable stores in North America. Geely Automobile Holdings Ltd. led Chinese carmakers higher on speculation …
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Dow Chemical CEO Sees France, Germany In Recession, Upbeat On US, China
Fox Business
Chief Executive Andrew Liveris was more bullish about demand trends in China as orders picked up before the new year, while US industrial customers are restocking after trimming inventories to record levels. Dow cut its own output in the fourth quarter …
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China Says U.S. May Start More Anti-Dumping Probes on Auto Parts
Bloomberg
Enlarge image Anti-Dumping Probes on Auto Parts Anti-Dumping Probes on Auto Parts Workers check parts at the Renault-Nissan China parts warehouse in Shanghai, China. China’s commerce ministry said the US may start more anti-dumping investigations into …
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Germany’s Merkel urges China to use influence on Iran
Reuters
… a three-day visit when she will also seek China’s support for the ailing euro. Merkel is expected to make the case for tighter sanctions on Iran, originally proposed by the United States and designed to prevent it from developing nuclear weapons.
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Venezuela’s oil exports to US decline
The Associated Press
The United States remains the top market for Venezuelan oil, but Chavez has been diversifying his country’s clientele by selling more to China and to allies in Latin America and the Caribbean. Fluctuations in oil shipments are normal month-by-month, …
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Romney stock trades clash with divestment pledge
USA TODAY
WASHINGTON (AP) – During his presidential campaign in 2007, Republican candidate Mitt Romney promised that a trust overseeing his financial portfolio would shed any investments that conflicted with GOP positions toward Iran, China, stem cell research …
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$A up more than one US cent on good data
Sydney Morning Herald
A renewed appetite for more riskier currencies, sparked by encouraging manufacturing data in Germany, the US and China, took the Australian dollar to a five-month high. The rally on Thursday led the local currency upwards by more than one US cent to an …
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U.S. Rare Earth Minerals, Inc. Announces Bulk Sale of Excelerite(R) to China
MarketWatch (press release)
BEND, Ore., Feb 2, 2012 (GlobeNewswire via COMTEX) — US Rare Earth Minerals, Inc., /quotes/zigman/5001599 USMN +13.92% announced today that it has received its first purchase order confirmation, underwritten by The Bank of China, from a leading …
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US-China spur global factory output gains
Gulf Daily News
WASHINGTON: Factory activity rose in China, the US and Germany in January, and the three manufacturing superpowers drove gains in global output even as Europe struggles with fallout from its festering debt crisis. However, crumbling global demand …
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Philippines turns toward US as concerns grow over China’s intentions
Public Radio International PRI
Palawan Bay in the Philippines is an important part of the country’s claim to part of the South China Sea. (Photo: Mary Kay Magistad) China, citing historical discoveries, says that the entire South China Sea should be its own exclusive economic zone.
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WuXi’s Margins Dwarfing US Lead China’s Drug Targets: Real M&A
BusinessWeek
2 (Bloomberg) — Companies looking to profit from the world’s fastest growing drug market and conduct animal research at half the cost of US testing are making China’s WuXi PharmaTech (Cayman) Inc. and ShangPharma Corp. takeover targets.
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China Economy Set for ‘Hard Landing’ in 2012, Shilling Says
BusinessWeek
2 (Bloomberg) — China’s economy is headed for a “hard landing” this year as weaker demand overseas chokes off exports, said Gary Shilling, who correctly forecast the US recession that began in December 2007. A Chinese government report yesterday …
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US group accused over cancer fraud
China Daily
SHANGHAI – A prominent Chinese science organization has slammed an American medical institute, accusing its doctors of deceiving Chinese patients with a controversial cancer treatment. Li Qingchen, a doctor and member of Scientific Squirrels, a Chinese …
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METALS-Copper falls on slow China demand, Europe debt
Reuters
* Euro slips vs dollar; Greek worries continue * China demand in focus as businesses return from holiday * US weekly jobless claims fall By Harpreet Bhal LONDON, Feb 2 (Reuters) – Copper fell on Thursday on signs of slow demand from top metals consumer …
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US Senator tells China to stop targeting Tibetan protesters and allow access …
Phayul
DHARAMSHALA, February 2: In a ‘Resolution Expressing Support for the People of Tibet,’ US Senator Dianne Feinstein (D-Calif.) on Monday expressed “deep concern” about the current situation in Tibet and “steadfast support” for the Tibetan people.
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Chinese solar panels may face higher tariffs in US
eco-business.com
By : China.Org The dispute between China and the United State over imports of solar panels is set to make life more challenging for Chinese companies. That’s after the US Department of Commerce said it saw “massive imports” from China in late 2011, …
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Scholar: US Should Adopt China’s Attitude Towards Government
Voice of America (blog)
A noted scholar says the United States should adopt China’s practice of long-term planning to maintain its position as the world’s leading economy. Ann Lee, author of the book “What the US Can Learn from China,” tells VOA American political and …
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Why Burma Would Turn Against China
The Atlantic
Since the junta’s brutal crackdown of protesters in 1988, the United States and the European Union have imposed increasingly robust economic sanctions against the regime. China also faced international condemnation over the repression of demonstrators …
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India preparing for ‘limited conflict’ with China: US intelligence chief
Daily Pioneer
The US intelligence believes that the Indian Army is preparing for a “limited conflict” with China in the light of growing concerns over Beijing’s strident postures along the disputed border and in the Indian Ocean and Asia-Pacific region.
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Diamond exporters eye Japan, China; US market slow
Economic Times
MUMBAI: Indian diamond exporters are relying more on the Asia Pacific market than on the US, the world’s biggest importer. Demand from China has gone up 40% over the last year while Japan has been buying premium diamonds in large volumes.
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Manufacturing in US Bolsters Global Expansion: Economy
BusinessWeek
1 (Bloomberg) — Manufacturing in the US grew in January at the fastest pace in seven months, adding to signs of a global pickup from Germany to China. The Institute for Supply Management’s index climbed to 54.1, from 53.1 in December, the Tempe, …
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Analysis: Middlemen take toll on China agricultural profits
Reuters
By Langi Chiang and Nick Edwards | BEIJING (Reuters) – Want a slice of the billions of dollars China spends each year on farm subsidies? Become a middleman and open a toll road. Operators of the vast network of roads that connect China’s fields to …
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Authorities take aim at China-based Super Bowl fakers
AFP
INDIANAPOLIS, Indiana — US authorities have seized a record $4.8 million in fake Super Bowl souvenirs and tickets and shut down 669 websites, most from China, aimed at duping consumers with counterfeit items. US Immigration and Customs Enforcement …
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Why ‘Made in China‘ Is Starting to Get Too Expensive
DailyFinance
Consider a recent study published by the Boston Consulting Group entitled Made in America, Again. The study makes just that assertion. And what happens when you combine lower productivity with the rising wages that Chinese laborers now demand?
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Global Metals Market to Reach US$872 Billion by 2015, According to New Report …
San Francisco Chronicle (press release)
Continued increase in metal consumption in developing countries including India, China and Brazil is expected to fuel the overall global metals market. Follow us on LinkedIn – The world metals market stabilized in 2010 and 2011 following a steep …
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NBA prepares for players in China to return
USA TODAY
By J. Michael Falgoust and Jeff Zillgitt, USA TODAY Power forward Kenyon Martin is the one player the Denver Nuggets have found to be irreplaceable. And because of that, he’ll be a hot free agent as early as this month. By Brandon Wade, AP Forward …
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America’s economy in 2012 is like a plane flying at low altitude
Fox News
Without assertive efforts to address structural problems—huge trade deficits with China and on oil, and expensive and ineffective regulations in banking and health care—the country is headed for years of high youth unemployment and permanent …
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Chinese tourists visit U.S. in record numbers
Tucson Citizen
31, 2012, under USA Today News Eager to spend their growing disposable income, travelers from mainland China’s wealthy and rising middle classes are traversing the globe in search of iconic destinations they can cross off their bucket lists.
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Japanese Futures Gain on Manufacturing Growth in US, Europe
BusinessWeek
Bloomberg China-US 55 Index of the most-traded Chinese equities in the US gained 1.6 percent to 104.96 in New York, the highest since Sept. 7. Commodity producers led by Cnooc Ltd. widened premiums over Hong Kong shares on signs global manufacturing is …
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Worst yet to come for China growth: economist
Reuters
DANGERS AHEAD Zhu is pessimistic about the US economic outlook, given weak consumer demand and believes Europe’s debt-ridden economy will only get worse in the coming months. He also highlighted three major dangers in the Chinese economy: a downturn in …
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China Auto 1st Chinese IPO filer since US rule change
China Daily
China Auto Rental Inc became on Jan 18 the first Chinese company to file for a US listing since regulators changed the rules so foreign issuers can no longer keep private the first draft of their registration statements. The Beijing-based car rental …
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Records show how wealthy shape US presidential race
China Daily
By John Whitesides (China Daily) WASHINGTON – Groups known as “Super PACs” raised more than $42 million to back Republican US presidential contenders in 2011, according to campaign filings that show how new donation rules are allowing a relatively few …
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Facebook IPO Likely to Boost China’s SNS
CRIENGLISH.com
Facebook’s planned initial public offering (IPO) is likely to give impetus to China’s social networking service (SNS) and boost its development, industry insiders say. Facebook filed with the US Securities and Exchange Commission on Wednesday to raise …
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China Surpasses US as World’s Largest Manufacturer
Modern Distribution Management
No need to worry about China overtaking the US as the world’s largest manufacturing nation; according the United Nations, it’s already happened. Sign up below to receive MDM Update, your free weekly distribution news update by email.
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Online video firm Youku sues rival Tudou: report
Reuters
The suit, which intensifies the battle over hugely popular online video viewing in China, said the claims by Tudou caused Youku’s share price and advertising revenue to decline, and raised concerns among investors and the US Securities and Exchange …
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Asia Currencies Strengthen to Three-Month High on U.S. Manufacturing Data
Bloomberg
The MSCI Asia-Pacific Index (MXAP) of shares gained for a third day after reports yesterday showed US manufacturing expanded at the fastest pace since June and production gauges in China and India rose in January. Global funds bought $1.3 billion more …
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Asian Shares Rally As U.S. Data Boosts Risk Appetite
NASDAQ
(RTTNews.com) – Asian shares rallied on Thursday as upbeat manufacturing data from China, Germany and the US bolstered the outlook for global economic growth. Adding to optimism over Greece, reports said the Greek bond holders would be offered …
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Gold rises to two-month high, eyes US payrolls
Economic Times
NEW YORK/LONDON: Gold rose on Thursday for a third consecutive day on a larger-than-expected fall in new US claims for unemployment benefits, but analysts said bullion could pull back due to an upcoming US jobs report. Bullion hit a two-month high, …
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China’s ZTE Introduces First U.S. Tablet, the $99 Optik for Sprint
All Things Digital
ZTE, the fast-growing Chinese phone maker, on Thursday announced its first tablet for the US market. The Optik, for Sprint, will sell for $99 with a two-year contract, or $349 without a contract. It runs the Honeycomb version of Android, …
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Clapper sounds alarm on cyber capabilities of Iran, China and Russia
FierceGovernmentIT
31, top US intelligence official James Clapper revealed little new but sounded alarm bells against an increasingly aggressive Iran and the cyber-intelligence capabilities of China and Russia. “Iran’s intelligence operations against the United States, …
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Stocks Best Start Since ’94 Tops Commodities on US Rebound
BusinessWeek
Almost $3 trillion has been added to stock values and European shares ended a five-month bear market as economists lifted forecasts for US gross domestic product. Reports showing American unemployment and Chinese inflation declined, while German …
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