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U.S. China News 2011.07.21

Thu, July 21, 2011

Why The Middle Class Matters in Both the US and China
Forbes (blog)
By ERIC JACKSON In the United States and China at the moment, the middle class is under threat — and it’s a major problem to both countries for different reasons. In China, there is increasing concern about the growing gap between the very rich and
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US Blogger Exposes Fake Apple Stores in China
Voice of America
Related Articles FBI, Chinese Police Seize Counterfeit Software Pirated software, music CDs and digital videos are widespread in China as is sale of fake name-brand clothing, watches, and other acce Lawmakers Urge Action Against China Piracy of US
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U.S. Commodities Day Ahead: Copper Falls on China Manufacturing
Bloomberg
slowing Chinese crude imports, and economic challenges facing the US, said Jonathan Chappell, an analyst at Evercore Partners Inc. ECONOMIES: China’s Manufacturing May Contract for First Time in a Year (3) China’s manufacturing may contract for the
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U.S. Anxiety Over Rising China Aired in Cambodia WikiLeaks
TIME
When the Obama Administration took office in 2008, it was keen not to present itself as China’s direct strategic adversary. Instead, officials said they were reviving American diplomacy in Asia while maintaining an aversion to “competition and rivalry”
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Space Shuttle Aftermath: Will China Eclipse US in Space?
KBOI
“The United States needs a reality check on China,” said Rep. Frank Wolf, a Virginia Republican whose appropriations subcommittee oversees NASA. “China also is aggressively spying on our country, including stealing the very technology needed for a
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China urges US to take ‘responsible’ measures
China Daily
By Li Xiang (China Daily) BEIJING – China on Wednesday urged the United States to take “responsible” policy measures to raise market confidence in the dollar and US government debt as international rating agencies warned of a possible downgrade of the
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Worrying weak macro trends in China, US and Europe
Credit Writedowns
By September or October this will be evident, making a major correction in US shares a serious downside risk. European PMI, both manufacturing and service sector are now the lowest since September 2009 at 51.4 and 50.4 respectively. Europe is China’s
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Oil Little Changed as China Manufacturing Counters U.S. Inventory Decline
Bloomberg
The US currency dropped 0.5 percent to $1.42 against the euro, making dollar-priced assets such as crude appear cheaper. Oil fell earlier on signs of slower manufacturing in China, the world’s largest energy consumer. Crude for September delivery was
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U.N. Approves China Sea-Floor Plan
Wall Street Journal
By JEREMY PAGE BEIJING—As China’s first manned deep-sea craft prepared for a landmark dive to 5000 meters, or 16400 feet, surpassing current US capabilities, a United Nations body approved Beijing’s plan to explore a swath of ocean floor between
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TSX rises on Europe debt hopes, upbeat earnings
Vancouver Sun
North American markets opened mostly higher on Thursday as hopes for a possible resolution to the debt crisis in Europe, and upbeat earnings from Morgan Stanley, were offset by disappointing economic data in the US and China.
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China’s Stocks Advance on Economic Growth, U.S. Debt Outlook
San Francisco Chronicle
July 20 (Bloomberg) — China’s stocks climbed, sending the benchmark index higher for the first time in three days, after a leading indicator signaled economic expansion and US President Barack Obama endorsed a bipartisan deficit-reduction plan.
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US‘ overtly pro-India stance will hurt Pak: China
Indian Express
“Not surprisingly, counter-terrorism is one of the top issues on (US Secretary of State Hillary) Clinton’s agenda during her (recent) visit to India,” said the think tank in an article titled ‘US-South Asia policy’, published in the state-run ‘China
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PM to go to Indonesia, US seeks closer India ties in East Asia
TwoCircles.net
Manmohan Singh will participate in the summit in Bali where, besides the 10 ASEAN nations, China, Japan, South Korea, US, Russia, Australia and New Zealand will also participate. External Affairs Minister SM Krishna is currently in Bali for the
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US wins gold in open water team event
Sacramento Bee
AP JINSHAN CITY, China — The United States won the new 5-kilometer open water team event at the world aquatic championships on Thursday. Ashley Twichell, Andrew Gemmell and Sean Ryan finished in 57 minutes, 00.6 seconds – 1.2 seconds ahead of
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china, us: Beijing chides Washington over exercises
Monday Morning
Chinas top military officer has said the timing of US naval exercises in the South China Sea was inappropriate after talks with his American counterpart aimed at cooling the territorial dispute. General Chen Bingde urged the United States to be “more
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ANALYSIS: South-East Asia looks to US for support on its sea claims
Monsters and Critics.com
The ASEAN ministers were scheduled to meet their counterparts from Russia, China, the US and other countries this week as part of the ASEAN Regional Forum, the largest security forum in the region. On Thursday, the ASEAN and Chinese ministers were set
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Largest US debt holder is not China but someone else
Equitymaster.com
We are referring to the commonly held view that China is the predominant holder of US debt. Furthermore, a comparison between the US and Japanese debt situation will invariably lead to the statement that while Japan’s debt is all domestically owned,
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Analysis: Asian investors stricken by gold fever on record price
Reuters
“Gold supply simply doesn’t grow as fast as China’s foreign reserves. Only the increase in US debt can match that.” Central banks could raise gold holdings marginally, he said, but sizeable purchases could cause an earthquake in the market.
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Getting to Beijing: Henry Kissinger’s Secret 1971 Trip
US-China Institute
(State Department, Office of the Historian) Henry Kissinger notified the State and Defense departments and the Central Intelligence Agency that the National Security Council has been directed to prepare a study on US relations with China,
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Pakistani PM: US promises no repeat of Bin Laden raid
The Guardian
“We want to have relationships with both China and the United States. We don’t want to lose our relationship with the United States. We want to improve our relationship with the US [on the basis of] mutual respect and mutual interest,” the prime
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India go down to US; Armenia roll on
Deccan Herald
The fifth place is shared by Azerbaijan, China and USA who all have five points while Israel is now eighth with four points in their kitty. Past the half way stage and with only four games to go, the Indians need a makeover to come out of their ninth
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Post-Shuttle: China Space Program Has a Long Way to Go
TMC Net
By Doug Mohney, Contributing Editor China has few friends in America when it comes to space cooperation. Some view the country as the leading threat to US technology leadership in the 21st century while others wish to shun the country for its abysmal
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Copper Falls From Three-Month High on U.S. Existing-Homes Sales
San Francisco Chronicle
July 20 (Bloomberg) — Copper fell from a three-month high after existing home sales unexpectedly declined in the US, the world’s largest user of the metal after China. Sales of previously owned homes dropped to a 4.77 million pace, the lowest in seven
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China Bond ETF Race Heats Up
Business Insider
Van Eck has joined an already long list of ETF issuers with plans on bringing funds offering exposure to China’s fixed income market to the US, recently filing details on two proposed “Greater China” bond ETFs. Each of the proposed ETFs would offer
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Challenge in the Pacific: The Rise of China
Forbes
But I believe it’s best to welcome China so it can be part of managing the world’s multifaceted problems, especially the poverty of the developing world. The US and China established the US-China Strategic & Economic Dialogue against a backdrop of
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AO Smith to buy rival Lochinvar for $418 mln
Reuters
Jones continues to expect China water heater business to grow at a rate of 2-3 times the country’s GDP. AO Smith has been betting on China and India to grow rapidly as weakness in the US residential and commercial construction markets continues.
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Who will have a Lezak moment at the Swimming Worlds?
Universal Sports (blog)
China has gotten the best of the US in the last two major international competitions, but we haven’t seen too much out of their 200m freestylers so far this year. On paper, it is the Australian ladies who are the ones to look out for, having posted
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US Ready to Talk Space With China
National Defense Magazine (blog)
It was just over four years ago that China tested an anti-satellite capability by blasting one of its weather spacecraft to smithereens, leaving thousands of pieces of debris floating around the Earth. The US Navy subsequently shot down a spy satellite
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China Trade Conference Opens Doors to US Jobs
istockAnalyst.com (press release)
The agreements were the result of The US & China Trade, Culture, and Education Conference, which was held July 14 th –17 th in combination with the US Governors National Conference. The Governors National Conference was held in Utah for the first time
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Oil spill reaches beaches
China Daily
These can be traced back to a leak in June at Penglai 19-3 oilfield operated by China National Offshore Oil Corporation (CNOOC) and US firm ConocoPhillips China (COPC) in Bohai Bay, according to a notice from the North China Sea Branch of the State
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Zhejiang, New Jersey toast to union of success
China Daily
I believe our sister province Zhejiang will be a key economic growth for China,” Guadagno said. Business ties between Chinese provinces and US states are an important part of China-US relations, said Consul General Peng Keyu of the Consulate-General of
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Boeing Delivers First 777-300ER to Air China
PR Newswire (press release)
Air China will use the airplanes for route expansion including direct routes to Frankfurt, London and Paris, as well as for gradual replacement of the Boeing 747-400s currently serving North American routes. “We have witnessed the rapid development of
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Ericsson Profit Misses Estimates on Margins, Job-Cut Costs
BusinessWeek
Ericsson bolstered its US sales when it bought Nortel’s North American wireless unit in 2009 as the Canadian former rival started to break up. That made the US the company’s biggest market, ahead of China and India. The US market has been profitable
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Instant view: Philly Fed factory activity rebounds
Reuters
It is going to be because of the debt ceiling, implosion in China, you can go through the list. “With the fact that it is not decreasing more, there is a lot more optimism going forward. People are optimistic regarding orders and business and hiring
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China craves carp — if it’s fresh
Detroit Free Press
That’s why carp eaters in this southern China city say they would never eat frozen fish from American lakes and rivers, even though scientists say they believe fishing is one of the best short-term solutions for controlling invasive Asian carp as they
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Global Hunter Securities Hosts 1100 Attendees at Highly Successful 2011 GHS
MarketWatch (press release)
/quotes/zigman/305928 CA:SGC 0.00% Talison Lithium /quotes/zigman/121867 CA:TLH +3.23% Tasman Metals, Ltd. /quotes/zigman/567366 CA:TSM -0.88% Texas Rare Earth (TRER) Timberline Resources (TLR) US Antimony Corporation (UAMY) US China Mining Group
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China raises death toll to 18 in Xinjiang violence
Reuters
Rebiya Kadeer, who leads the World Uyghur Congress from exile in the United States, denied any of the Uighurs involved in the protest were armed. “There (was) not even a wood stick in their hands,” she told Reuters in Washington.
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Apple’s sales in China grow sixfold
China Daily
By Tuo Yannan (China Daily) BEIJING – Apple Inc needs to improve its Chinese market strategy to match its surging growth in the country, industry experts told China Daily. According to its recent quarterly report, the US-based company’s third-quarter
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Investors eye US Treasuries amid downgrade threat
Financial Times
With the eurozone engulfed in a debt crisis and emerging market economies, such as China, years away from becoming legitimate global financial entities, investors insist there is really no alternative to the US at the present time.
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Ski helmets recalled because of head injury hazard
Denver Post
By Howard Pankratz Uvex Funride ski helmets have been recalled by the US Consumer Product Safety Commission and Health Canada because the helmet provides insufficient shock absorption and resistance to penetration, the watchdog agencies announced today
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