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U.S. China News 2011.03.08

Tue, March 8, 2011

India’s Perspective on a USChina Grand Bargain
World Politics Review
“The proposal wasn’t meant to be universally inclusive,” he says, “but to reference only those issues that created deep strategic mistrust between the US and China. [For the US], Pakistan doesn’t qualify, for obvious reasons.
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Exclusive: China scraps punitive reserves for some banks
Reuters
BEIJING (Reuters) – China has reversed punitive reserve requirements imposed on several banks after getting them to rein in their lending, two sources told Reuters on Tuesday, an indication of success in a crucial part of the government’s campaign to
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Best Buy bets on inland China for growth
Reuters
By Donny Kwok HONG KONG, March 8 (Reuters) – US consumer electronics retailer Best Buy Co Inc (BBY.N) said its retail strategy in China will focus on expanding its network into inland cities, where consumption is booming. “Relative to other parts of
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China’s coal reserves ‘will make it new Middle East’, says energy chief
The Guardian
Fred Palmer, the chairman of the London-based World Coal Association and a key executive at Peabody Energy, the world’s largest privately owned coal company, also said that China is leading the US in efforts to develop technology to “clean” coal of its
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China cool to Libya no-fly zone proposal
Reuters
to preventing flights in Libyan airspace, without a big preliminary campaign. Some US officials have expressed concern a vote on a no-fly zone could be harder to secure at the Security Council where veto-wielding members Russia and China may resist.
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Audi profit surges on demand from China, US
Monsters and Critics.com
A strong pickup up in demand for luxury vehicles in China and the United States has helped premium carmakers like Audi to emerge from the 2009 recession, which plunged the global car business into a crisis. German-based VW is set to publish detailed
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US Stock-Index Futures Advance as Oil Retreats; Boeing Climbs in Europe
Bloomberg
Air China Ltd., the world’s biggest carrier by market value, said separately that it will order five 747-8s. Both deals were signed at the Hong Kong air show. Urban Outfitters fell 12 percent to $33.29 in Germany from $37.99 yesterday in New York.
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Senator: China could boss US due to debt
Atlanta Business Chronicle
If the United States does not do something to about its debt, China will have a lot of say in what the US does, Republican Georgia Sen. Saxby Chambliss said Monday while in Richmond, Va., with Virginia Democratic Sen. Mark Warner to warn business
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China presses case for Libya sanctions
Financial Times
Ivo Daalder, US ambassador to Nato, said on Monday the alliance could impose such a measure by the end of the week, although he added that the US would also seek a UN security council resolution. Ms Jiang said Chinese support in the security council
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Japan protests over China military incident
Financial Times
Two years ago, the US accused China of a series of harassments of US Navy surveillance vessels in both the East China Sea and the South China Sea. However, Chinese and US military officials have an ongoing dialogue about “rules of the road” meant to
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Fosun Pharmaceutical Plans To Raise Around US$1 Bln In HK IPO – Sources
Wall Street Journal
SH) is planning to raise around US$1 billion through an initial public offering in Hong Kong in the third quarter, people familiar with the situation said Tuesday. The Shanghai-listed company has hired JP Morgan Chase & Co., Deutsche Bank AG and China
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On the Myth of Exploding U.S. Money Supply
Seeking Alpha
He said: As you can see in this graph, China literally allowed its money supply to skyrocket, compared to that of the US or the eurozone, with annual growth averaging +17.4% between 1996 and 2008, which compares to +7.1% in the eurozone and +6.3% in
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SHI MU CHEN v. ATTORNEY GENERAL OF U.S.
Leagle.com
Shi Mu Chen, a native and citizen of China, entered the United States on June 15, 1992, and filed an application for asylum, withholding, and protection under the Convention Against Torture (“CAT”) on July 12, 1993. On June 13, 2007, the Government
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US STOCKS-Futures rise as oil eases on production hike talk
Reuters
N) sealed deals worth $10 billion with two airlines in China, the world’s fastest growing market, and could lead to orders for more than 2000 aircraft over the next five years. [ID:nTOE727009] * Consumer electronics retailer Best Buy Co Inc (BBY.
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Audi to Add Models, Expand in BRIC Markets to Topple BMW
BusinessWeek
“This gives us the confidence to extend our product range and expand our international activities.” The VW division has a goal of overtaking BMW as the biggest luxury-auto maker by 2015, boosted by growth in China, India and Brazil.
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