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U.S. China News 2001.03.09

Wed, March 9, 2011

[Heizo Takenaka] Third party role in moderating USChina relations
The Korea Herald
To achieve this, the United States and China must reconcile their very different views of how a market economy should operate. As the world begins to grapple with the creation of a new economic order, the moderating role of a third party in conflicts
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U.S. urges China to halt detention of activists
Reuters
WASHINGTON (Reuters) – The United States has urged China to stop what it called the “extralegal” detention and abduction of leading lawyers and human rights activists, the State Department said Tuesday. “The United States is increasingly concerned by
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Analysis: China’s “Tea Party” starts call for lower taxes
Reuters
the United States. Still, expressions of discontent about taxes are significant in the controlled world of Chinese politics. The economic consequences are also big, with taxation one of the keys to unlocking China’s long-suppressed domestic demand.
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China Welcomes Home the New US Envoy
TIME (blog)
Given how USChina ties have weakened in recent months because of various human-rights and geopolitical concerns, Beijing must also be hoping that Locke’s appointment will mean an American tilt toward the easier economic component of the relationship.
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Airbus Says US Pressure Helped Boeing in China, FT Reports
Bloomberg
Leahy said that President Barack Obama discussed the deal with Chinese President Hu Jintao during the Chinese leader’s visit to the US in January and that there was a lot of political pressure on the transaction, the report said. Air China, based in
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USChina affair is likely to result in mutual pain
Financial Times
China’s holdings of US Treasury securities at the end of December turned out last week to be a whopping 30 per cent higher than earlier official estimates, emerging at $1160bn compared with $895bn a year before. This huge increase in just one part of
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US resident arrested for passing on sensitive military data to China
International Business Times
By IB Times Staff Reporter | March 9, 2011 2:35 PM GMT Federal agents arrested on Tuesday a Chinese-born permanent resident of the US for allegedly passing on sensitive defense-related data to China. Sixing Liu, a 47-year-old former employee of a New
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Barbie Moves into Mobile Home as China Dreamhouse Shutters
Wall Street Journal (blog)
It joins a growing roster of US retailers that are struggling in China. Electronics retailer Best Buy announced last month plans to shutter its China operations. Home Depot recently closed some of its China-based stores as well.
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Gillard backs US concerns over China
The Australian
Julia Gillard and US senator John McCain hold a joint press conference in Washington. Picture: Gary Ramage Source: The Australian UNITED States senator John McCain has warned that Australia and the US must collaborate to counter the rise of China as a
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U.S. soy dips as LatAm output weighs; wheat steady
Reuters
US wheat futures fell in the last two sessions as rain in the US Plains as well as good growing conditions in China offered the possibility of relief to the tight world supply situation. Still, a forecaster said rains in the US Plains wheat belt were
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Chinese Clean-Energy Companies to List in Hong Kong
Wall Street Journal
The first Chinese clean-energy company aiming to list in Hong Kong since China Datang Corp. Renewable Power Co’s US$682 million IPO in December, state-owned Beijing Jingneng plans to raise about US$500 million in an IPO in the second quarter,
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US asks India to partner in counter-terrorism
Economic Times
It is not enough for us to understand traditional bilateral relationships between US and India or India and China . “Now transnational actors and events can change them overnight such as the people’s revolution in Egypt or technology that can be used
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China Yuan Down Late On Dollar’s Gains Offshore
Wall Street Journal
SHANGHAI (Dow Jones)–China’s yuan fell against the US dollar late Wednesday after the dollar strengthened offshore, but traders remained cautious ahead of Chinese macroeconomic data due later this week. On the over-the-counter market, the dollar was
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China resumes dam projects to dismay of environmentalists
USA Today
China says a renewal of hydropower projects is needed to reduce the country’s carbon emissions, which are No. 1 in the world largely because of a reliance on “soft” coal for power. Soft coal is of poorer quality than the coal used for power in the USA
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RCOM inks final pact with China Development Bank
India Infoline.com
Reliance Communications Limited has signed final documentation with China Development Bank (CDB) for a Rs. 60bn (US$ 1.33bn) loan facility. (USD = 45.15 INR) The loan facility is fully underwritten by CDB, and will be funded by a syndicate of Chinese
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China Security, US Airways: Small-Cap Winners
TheStreet.com
By Shanthi Bharatwaj 03/08/11 – 01:23 PM EST NEW YORK (TheStreet) — Shares of China Security & Surveillance Technology(CSR) were soaring 24% to $5.08 a share on Tuesday after Chairman and CEO Guoshen Tu offered to buy out the company for $6.50 per
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United Airlines launches direct Los Angeles-Shanghai flights
People’s Daily Online
United’s revenue last year outperformed that of many airlines worldwide, with remarkable growth in the Chinese market. Its fourth quarter 2010 revenue from USChina flights was up nearly 30 percent from the same period a year earlier, Compton said.
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US charity organizations to aid children with CHD in NW China
Xinhua
LANZHOU, March 8 (Xinhua) — Four hundred children with congenital heart disease (CHD) in northwest China’s Gansu Province will benefit this year from a charity program inaugurated in the United States four years ago. The program, initiated by the
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Audi running circles around rivals in China: CEO
Reuters
“At the moment the only thing the competition (in China) is doing is chasing after us, and we expect it will stay that way.” It has taken 22 years for Audi to make its first 1 million sales in China. It plans to hit the 2 million mark over the next
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Overvalued euro is hurting European exporters and is helping US and China.
Wall Street Journal
Albanian_Minerals have purchase most of mining equipments in Europe and now with the value of euro up is looking in other markets in to US, China and India The Factory orders released by the Bundesministerium für Wirtschaft und Technologies is an
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US scholar applauds China’s new focus on balanced growth
Xinhua
by Xinhua writer Rong Jiaojiao NEW YORK, March 8 (Xinhua) — China’s new focus on balanced growth and improvement of people’s well-being will ensure China’s success in the future, a US scholar said Tuesday. Virginia Kamsky, chair of China Institute in
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China’s Debt Burden Limits Policy Leeway
Wall Street Journal
That number is equal to about 17% of China’s gross domestic product, far below the levels of the US, Japan, and major European countries. China’s government debt is mostly held domestically. In contrast, about half of the US federal government’s debt
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US denies concerns over Taiwan-China ties
AFP
TAIPEI — The US is positive about Taiwan’s ever-closer economic relationship with China and rejects concerns that the cosy ties are not in Washington’s interests, its de facto envoy to Taipei said Tuesday. William Stanton, the director of the American
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What Charlie Sheen tells us about China
Aljazeera.net (blog)
Chief editor of the English paper, Hu Xijin, has said the paper reaches millions of readers and that readers “trust The Global Times and its representation of China’s diverse society”. The Global Times is run by Chinese — but its staff of
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China Weekly: Labour Shortages Lead to Re-Think of One-Child Policy; PBOC
Daily FX
By Jonathan Granby, A quiet week in China last week leaves us with an opportunity to look at some social and political changes taking place, but firstly to the banking system. It has been reported that the Chinese central bank, The People’s Bank of
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Housing Operators Put Focus on China
Wall Street Journal
By ANTON TROIANOVSKI The number of Chinese over 60 years old is on pace to exceed the entire population of the US by 2050. The big change has caught the eye of US senior-housing developers, which are pouring into China in search of the opportunity—and
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Chinese Government Hackers Gone Wild
AllGov
Computer hackers from China were reportedly behind a string of recent attacks that hit government and business websites throughout the Western world. In France, the finance ministry was forced to shut down 10000 computers after a “spectacular” cyber
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ReneSola Ltd Announces Offering of US$175 Million of Convertible Senior Notes
PR Newswire (press release)
JIASHAN, China, March 8, 2011 /PRNewswire-Asia-FirstCall/ — ReneSola Ltd (“ReneSola” or the “Company”) (NYSE: SOL) announced today that it plans to offer approximately US$175 million of its convertible senior notes due 2018 (the “notes”).
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China PBOC To Sell CNY32 Bln Three-Month Bills Thursday
Wall Street Journal
SHANGHAI (Dow Jones)–China’s central bank said Wednesday it plans to sell CNY32 billion (US$4.88 billion) worth of three-month bills in its regular open-market operation Thursday. The People’s Bank of China carries out regular open-market operations
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Mainland to spend US$200bn on housing
RTHK
China plans to spend nearly US$200-billion this year building 10-million low-cost homes. The announcement is part of promises by the government to spread prosperity to the poor majority and ease the burden of surging housing costs.
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INTERVIEW: China’s Huawei Has High Hopes For Enterprise Business
Wall Street Journal
The US Defense Department and lawmakers have increasingly expressed concern about links between Huawei and the military, in part because the company’s founder was an officer in China’s People’s Liberation Army. Last month, Huawei urged the US to
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Steinberg: Home + Housewares Show participants want items to be made in America
Chicago Sun-Times
“Our approach is: ‘Hey, give us a chance, bring it home.’ We’ve had four or five serious inquiries just here at the show.” Another key to China’s success has been cheap shipping; skyrocketing fuel costs have pushed that up as well.
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CHINA NPC: Shanghai Bourse Hammering Out Details Of International Board
Wall Street Journal
Foreign companies are keen to raise funds in China, hoping to attract some of the CNY73.34 trillion (US$11.16 trillion) of bank deposits held by individuals, corporations and the government as of the end of 2010, according to central bank figures.
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Hong Kong grows as US ag export customer
CattleNetwork.com
2010 brought record exports of US food and agricultural products to Hong Kong, making it the fastest-growing market over the past three years, and re-export to China could be driving some of that growth. A new Global Agricultural Information Network
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Iamgold sees ‘strategic ally’ in China National Gold
Creamer Media’s Mining Weekly
“But we have a pretty strong cash position and they have a very strong balance sheet, so we could see an opportunity where the two of us work together to make something happen.” Letwin, who joined Iamgold as CEO in November, worked previously as an
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US Carrier Group to Join Exercise With South Korea
Voice of America
China strongly objected last year when the United States announced plans to send another aircraft carrier, the USS George Washington, into the Yellow Sea for an earlier joint exercise with South Korea. The US military said the purpose of sending the
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US Official: Pressure Is On Emerging Economies To Change Ways
Wall Street Journal
By Michael R. Crittenden Of Dow Jones Newswires WASHINGTON (Dow Jones)–Emerging economies such as China and India must take steps to improve the openness and access to their markets, a top State Department official said Tuesday, both for the success
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Calculated Covert Action Against Gadhafi
Strategy Page
The AVG would give China a nominal air defense capability and signal US political sympathy for its war-savaged people. Now for the overt fact: Most AVG pilots were US Army and Marine officers who conveniently resigned their commissions.
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China says it will import more from US, EU
BusinessGhana
China will allow more imports from the United States and European Union (EU) this year in an effort to ease its trade imbalances with them, the head of China’s trade promotion organization said Monday. Wan Jifei, chairman of the China Council for the
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Dr. Peter Morici: Rising US trade deficit slows recovery, jobs creation
FinFacts Ireland
The trade deficit will grow, as oil import costs and consumer goods from China overwhelm further progress in US export growth. Policies limiting development of conventional oil and gas are premised on false assumptions about the immediate potential of
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Starbucks debuts new logo in China
Xinhua
John Culver, President of Starbuck Coffee International said “China presents a great opportunity for us to grow, and what we’ve said is that over the next several years we will have fifteen hundred stores here on the mainland. And as part of that,
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ABC’s ‘Made in America” series
San Diego News Room
If the product you are looking for is no longer made in America, then avoid countries such as China that has the goal of becoming the world’s “super power” in the 21 st Century by winning either an economic war or a military war with the US When you
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Doubt Cast on $5 Billion China-Sasol Deal
Wall Street Journal
The Oklahoma plant produced more than 300000 gallons of diesel and jet fuel between 2003 and 2006, including supplying 100000 gallons of aviation fuel for the US military. China has long sought technology that could lower its dependency on crude-oil
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How Apple Turned Around in China
CNBC.com
Instead of waiting years as it did with the iPhone, Apple waited only months after it came out in the US to launch the iPad in China. Consumers did not feel the need to travel abroad to shop when they knew products were coming to them soon.
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Teams Search for Missing Americans in China
Department of Defense
JOINT BASE PEARL HARBOR-HICKAM, Hawaii, March 8, 2011 – Cooperative efforts between the United States and China for accounting of Americans missing from the Korean War broadened last month with the arrival of a specially trained archeological team in
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US Automakers Look Overseas For Hybrid Development
Wall Street Journal
But GM, Ford and other US auto manufacturers are at a disadvantage in growing their hybrid sales because they depend on importing batteries or licensing technology from China, Japan and other Asian countries that dominate lithium ion battery technology
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US HOT STOCKS: Urban Outfitters, Bank of America, Sprint Nextel
Wall Street Journal
China Security & Surveillance Technology Inc. (CSR, $5.14, +$1.04, +25.41%) said its board has received a non-binding proposal letter from Chairman and Chief Executive Guoshen Tu to take the company private by acquiring all outstanding shares of common
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