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U.S. China News 2011.03.07

Mon, March 7, 2011

China says U.S. must stop Taiwan arms sales
Reuters
“We urge the United States to … stop selling arms to Taiwan and take concrete actions to support the peaceful development of cross-Strait relations. This is very important in upholding the overall interests of ChinaUS relations,” Yang said.
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The China syndrome
GulfNews
Such remarks open a crack of daylight into what is revealed by the WikiLeaks cables as a long-standing tournament of shadows — the diplomatic feints and dodges that animate often undeclared USChina rivalries — in places as varied as Africa,
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China challenges US predominance in Asia-Pacific
CNBC.com
While the US military has been drained by 10 years of costly conflicts in Afghanistan and Iraq, China has developed air, naval and missile capabilities that could undercut America’s superiority in China’s backyard. China is still decades away from
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China to correct trade imbalance with US, EU
AsiaOne
BEIJING – China will send two large trade delegations to the United States and two to European Union nations this year to help stimulate its imports, said the head of China’s trade promotion organization. Wan Jifei, chairman of the China Council for
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China’s yuan strengthens to record high of 6.5651 per US dollar
Xinhua
BEIJING, March 7 (Xinhua) — The Chinese currency Renminbi (RMB), or the yuan, on Monday strengthened to an all-time high of 6.5651 per US dollar, according to the China Foreign Exchange Trading System. Monday’s central parity rate of the RMB against
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China factory finder tries US for fresh startups
Seattle Times
Alibaba.com, whose parent also runs Taobao, an Internet-auction company that’s similar to eBay, is stepping up its expansion in overseas markets including the US, India and Japan to counter slowing customer growth in China.
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Tony Blair’s global ‘battle of ideas’
BBC News
By Sean Coughlan BBC News education correspondent Tony Blair’s faith foundation works with universities in countries including the US, China, the UK, Canada and Sierra Leone. He also lectures at Yale. Mr Blair gave his views on university globalisation
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Is China Winning?
Wall Street Journal
MURRAY: Three years ago, people thought of China as a problem because it had the highest rate of greenhouse-gas emissions. Increasingly, you hear people talk about China as the source of the solution. All three of you work in both the US and China.
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Gillard open to more US forces
The Australian
Picture: Gary Ramage Source: The Australian JULIA Gillard says she is “all ears” about the possibility of the US placing more military forces on Australian soil if it believes this is necessary in the light of the growing might of China and India.
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China’s top feed firm asks govt to stop probe on US DDGS
Reuters
BEIJING, March 6 (Reuters) – China’s largest animal feed producer, New Hope Group (000876.SZ), called on the government to stop its anti-dumping investigation against exports of US DDGS, a by-product of corn-based ethanol used to substitute corn by
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Secretary Clinton and the Information War
Huffington Post (blog)
International broadcasting projects, along with programs such as the Confucius Institutes, are at the heart of China’s strategic courtship campaign. Unlike the United States, China takes these matters seriously and has designed an approach to public
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China Overseas Land to launch US$500m property fund
China Economic Review
China Overseas Land & Investment (0688.HK), a developer controlled by the country’s construction ministry, is looking to set up an US$300-500 million real estate fund, as it bets that government measures won’t dampen property demand, Bloomberg reported
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Molycorp Surges as China Raises Rare Earth Deal Stakes: Real M&A
BusinessWeek
By Natalie Doss, Tara Lachapelle and Rita Nazareth March 7 (Bloomberg) — China’s control of rare-earth metals is providing Molycorp Inc., owner of the largest US deposit of the minerals, with the most-valuable currency in the industry to pursue
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KFC’s finger-lickin’ success in China
CBS News
Yum Brands’ 3900 restaurants in China earned more revenue last year than all 19000 Yum! Brands restaurants in the US including KFC, Pizza Hut and Taco Bell. That’s because in China, the company doesn’t need to split its profits with franchise owners
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China and Europe Steaming Ahead on Clean Energy, not the US
ecopolitology
China and Europe are getting more and more aggressive in their clean energy push. Meanwhile, Republicans and some Democrats in US Congress and state leadership are steering the US towards economic suicide with anti-clean-energy policies and proposals.
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Vale, ArcelorMittal compete for Mongolia coal mine
Reuters
Strong demand for coking coal from big Asian buyers including China, Japan and South Korea has pushed prices to near record highs this year. A total of 15 global bidders including Asian private and state-linked firms were vying for the Tavan Tolgoi
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China befuddles US retailers
Fort Wayne Journal Gazette
“Maybe their people were good at doing what Best Buy does back in America but not at operating a retailer in China.” Home Depot in January closed its last store in Beijing, one of several outlets shut down since 2009. The world’s biggest home
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Interest rate hike to hurt Metals
Commodity Online
Certain countries like the UK and China have an inflation problem and inflation could become a global concern, which is supportive to precious metals prices. He said the second round of quantitative easing by the Federal Reserve has lowered the US
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Energy of the Past?
Wall Street Journal
BALL: A third of the coal fleet in the US is going to be retired in the next few years, people say, even though there’s no expectation of cap-and-trade legislation in Washington, even though China and India are building large numbers of new coal-fired
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US companies losing ground
ModernHealthcare.com
By Paul Barr The US medical device industry—which is trying to sell its expertise to China in a government-backed public-private partnership—appears to be losing ground to emerging markets such as China as a global innovation leader.
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Military: A question of scale
Financial Times
By Richard McGregor and Daniel Dombey High above the Pacific en route to Beijing in January, Robert Gates let slip he was travelling to China bearing gifts – not for the country’s rulers, with whom he soon squared off, but for US commanders in the
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America to play role of China watcher in East Asia Summit
China Post
This is not to say that the US intends to make a pig’s breakfast of the EAS, a regional grouping that currently comprises ASEAN plus Australia, China, India, Japan, New Zealand and South Korea. Neither will the US play the Chinese against the Japanese,
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Seoul shares seen lower on higher oil, US fall
Reuters
“Market will probably start lower today following a negative finish on the US market. But Chinese comments regarding its inflation are going to help,” said Lee Jae-mahn, a market analyst at Tong Yang Securities. China’s efforts to curb price rises are
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Evergreen Solar’s move to China driven by money
MetroWest Daily News
Evergreen’s labor cost in China is about one-ninth of that in the US Still, labor costs make up only 5 percent of solar-panel production cost, says Haley. The true force behind the Chinese market takeover is its access to enormous capital.
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China To Send More Trade Delegations Abroad This Year To Boost Imports -Report
Wall Street Journal
BEIJING (Dow Jones)–China will send many more trade delegations to the US and Europe this year than in previous years to boost imports and help correct its trade imbalance, China Daily reported Monday, citing Wan Jifei, chairman of the China Council
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Hayabusa High-Speed Train Debuts In Japan (PHOTOS)
Huffington Post
But will there be any interest from the US once everything is said and done? While Japan and China are breaking records and launching bullet trains, the United States is breaking speed records in what seems like the opposite direction with The Supreme
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India is 5th largest mkt for Pernod Ricard
Times of India
The country could soon move past Spain to become the fourth-largest after the US, China and France, he told TOI during his India visit last week. “India is now at number five among Pernod’s global markets. There’s a tussle between India and Spain for
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Asian Stocks Decline After Libya Conflict Escalates, Oil Climbs
BusinessWeek
Air China Ltd. and Korean Air Lines Co. fell at least 2.7 percent on speculation higher fuel costs will crimp earnings growth among airlines. Kajima Corp., a Japanese construction company, slid 1.9 percent in Tokyo after saying its highway project in
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US Gets a Lesson From Developing Countries on Buses
New York Times
For decades, most US commuters have maligned buses as noisy, dirty and much slower than cars in city traffic, since they make many stops. But about 120 cities in developing economies from Colombia to China that have invested in high-technology systems
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Japan’s foreign exchange reserves drop to 1.09 trln USD in Feb.
Xinhua
Japan’s foreign exchange reserves consist of securities and deposits denominated in foreign currencies, International Monetary Fund reserves, IMF special drawing rights (SDRs) and gold, and are the second largest in the world after China’s.
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Retaliation against US firms may backfire
Global Times
Moreover, Sino-US relations will take a sharp downturn if China sells a huge amount of US bonds, and Chinese enterprises will be further excluded from the US market. China has just announced the formal establishment of security checks for foreign
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WordPress back up after attacks ‘from China
AFP
According to US diplomatic files obtained and published by WikiLeaks, the United States believes that China’s leadership has directed hacking campaigns into computers of Google and Western governments. In one cable, the US embassy in Beijing said it
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The Economy, Trade, and American Competitiveness: Robin Trehan
Latest Business Report (blog)
Cheaper imports help us to control inflation; in fact it creates a deflationary environment. Moreover, we have to keep in mind that these upcoming powers have a system which is authoritative communism on one hand in China and rampant corruption in
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Opportunity Knocks Loudly for Hollywood in China
TheWrap
“Over the last four years, the number of screens in China has doubled to more than 6200, a figure that’s projected to double again by 2015,” reads the article by David Pierson, reported from growing Shengzou (pop. 800000). In a mature domestic US
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Dictatorships 101: China’s NPC
ABC Online
The stimulus package introduced in 2008 to combat the effects of the global crisis caused by the US banking disaster was… four trillion yuan over two years, or two trillion per year. In other words, China’s leadership remains so focused on jobs it is
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US Soccer News Update: USA Women Dominate at Algarve Cup
SoccerNation.com
Therefore, Denmark-Iceland and Sweden-China, which both take place at 10 am ET (the same as the USA-Finland match), hold intrigue. Denmark is attempting to make its sixth final, although it has lost all five previous championship games, two to the USA.
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Singapore Outlines Business Opportunities For America In Asia
Gov Monitor
involving the key Dialogue Partners like Australia, China, India, Japan, Korea, and New Zealand. The rise of Asia presents significant economic opportunities for the US, allowing the US to ride the Asian wave out of the economic crisis.
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In Search Of The Internet Kill Switch
TechCrunch
China is well known for blocking internet services, but it’s not just China. Of course, having the government turn off the internet could never happen in the United States. We couldn’t condemn the action in other countries while at the time plan it
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Will the dollar’s reign as the currency of choice world-wide come to an end
Wall Street Journal
China is holding a lot of bonds coming to maturity soon. Are they going to ReUp? What happens when a Treasury auction fails? (it’s never happened). The Russians are buying up Gold, while China is buying cooper and gold. Oil has been pegged to the
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Global Rout Resembling 1994 Seen as Inflation Exceeds Rates
BusinessWeek
The cost of goods the US imports from China rose 0.3 percent in January, according to the Labor Department. International policy makers may end up boosting interest rates in lock-step rather than in line with the demands of their own economic cycles,
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MALAYSIA DAYBOOK: Exports, Badar Raya, Gefung, Fajabaru, Sunway
Bloomberg
By Barry Porter – Sun Mar 06 21:28:25 GMT 2011 Malaysia’s exports rose at the slowest pace in three months in January as electronics manufacturers shipped fewer goods to customers in the US and China. Overseas shipments climbed 3 percent to 54 billion
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Cutting student aid and research funding will hurt US
The Star-Ledger – NJ.com (blog)
At a time when China and other nations are ramping up their higher education systems (modeled on our success) and pouring billions of dollars of new funding into research and development, the United States can ill afford to fall further behind in
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Auto exports from US on rise
USA Today
After Canada and Mexico, the next most popular export destinations in 2010 were Saudi Arabia, China and Germany. •Global industry consolidation As automakers consolidate across borders, they are more willing to swap models to create new opportunity for
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New study offers glimpse of auto industry in 2025
Oakland Press
The shift will be intensified by a significant shortage of skilled labor in Europe and the US as older workers leave the workforce over the next decade. Demographers in America enjoy pointing out that China also will become an aging society over time.
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US space plane takes off on secret mission
Times of India
What exactly the vehicle does while circling the Earth for so long is a mystery, since the craft’s payloads and missions are classified. China and Russia have said that the X-37 B is a space weapon, but the US has claimed that the plane is for testing
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