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U.S. China News 2011.03.21

Mon, March 21, 2011

US Lashes Pakistan-China Atomic Deal
Global Security Newswire
US Assistant Secretary of State Robert Blake said an atomic trade deal between China and Pakistan goes against Beijing’s commitments as part of an international nuclear export control group, Asian News International reported on Saturday (see GSN,
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China highlights danger to civilians in US-EU war
Morning Star Online
by Tom Mellen Civilians will bear the brunt of the the US-EU war on Libya, the Chinese Communist Party’s flagship newspaper warned today. The People’s Daily said in a commentary that the Western military intervention could spark a new round of turmoil
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US Vulture Fund’s Lawsuit May Cause ‘Constitutional Crisis’ in Hong Kong
Bloomberg
By Debra Mao – Mon Mar 21 10:27:25 GMT 2011 China must approve a US investment fund’s lawsuit in Hong Kong against the Democratic Republic of the Congo before it can proceed, the central African country’s lawyers said in a challenge to the Chinese
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US groups say China missed copyright goods deadline
Chicago Tribune
“We understand, however, that the Chinese authorities are working to comply with the WTO’s ruling and that the US government is actively engaged with the Chinese government to ensure that China meets its commitment,” he said. (Reporting by Doug Palmer;
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Bank Of East Asia’s China unit completes US$300m bond sale
China Economic Review
HK) Chinese arm announced today that it completed a US$304.5 million renminbi-denominated bond sale on China’s interbank market on Friday, Dow Jones reported. The bank sold the two-year bonds at a rate of 4.39%, it said in a statement.
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‘Red Capitalism’ Review: Evaluating China’s Financial Foundation and
Seeking Alpha
A regular topic on this site has been the impact of China on US firms, as well as the growing prevalence of Chinese firms listed in North American markets. The underlying quest here Is there still value in Chinese investments, or is China a bubble
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METALS-Copper falls after weak US data, China imports
Futures Pros
China’s February imports of refined copper hit a 27-month low due to high stocks of the metal used in construction and power and holidays in the year’s shortest month. The metal was on track for its biggest two-day fall since March 10.
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USChina Health Products Association Adds 2 Members
Natural Products INSIDER
WHS support gives the association’s manufacturing members a valuable plug and play distribution network in China. US-China Health Products Association is a US based nonprofit association working in China. The association was established by Jeff
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China Biotech in Review: U.S. Charges 4 China API Makers With Price-Fixing
Seeking Alpha
Four China API companies have been charged with price fixing in a US antitrust case (see here). According to the plaintiffs, the four companies, representing about 60% of the world’s vitamin C production, signed a document in 2001 limiting the amount
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China’s move to reduce US debt holdings normal
People’s Daily Online
China now still holds a total of more than 1 trillion US dollars of US debt. Actually, the revised data released by the Treasury Department of the United States at the end of February shows that the peak value of China’s US debt holdings appeared at
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Is America’s education system better than we think?
Dallas Morning News (blog)
He offers an encouraging assessment that concerns about math whizzes from China “eating America’s lunch” are over-hyped. Likewise, Wildavsky argues that the US shouldn’t be so concerned with comparing itself to Finland or South Korea, places that do
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BBC World Service to sign funding deal with US state department
The Guardian
Customers in an internet cafe in Changzhi, China. The US government’s investment is intended to help people circumnavigate state censorship. Photograph: Reuters The BBC World Service is to receive a “significant” sum of money from the US government to
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Is the US Warming to the Shanghai Cooperation Organization?
EurasiaNet
In Central Asia the Shanghai Cooperation Organization seeks to bolster security, economic and cultural cooperation between China, Russia and Central Asia. We see the potential for greater USChina dialogue on areas of mutual interest such as
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Boiling Point: MGM’s Red Dawn Remake Targets North Korea
Film School Rejects
Well China has the second largest economy in the world these days (second to the good ol’ US of A) and a lot of American companies do a lot of work in China. China also is notorious for throwing fits when anyone mentions things like death buses,
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Why China Must Buy American Cloud Computing Technology
SYS-CON Media (press release)
I’m speaking to a group of Chinese IT execs in Beijing soon, on the topic of “China vs. US: Cloud Computing Roadmaps.” It occurred to me as I was putting my presentation together that this “versus” talk needs to be eliminated from our vocabulary.
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Dolce & Gabbana Expanding in China
Wall Street Journal
Dolce & Gabbana launched its makeup line with P&G in the US market three years ago and has waited to launch in China until it could develop products for the needs of Chinese consumers, the 48-year-old Mr. Gabbana said. Dolce & Gabbana, like many in the
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The Best Defense: CNAS’s Cronin: Thanks, CNAS’s Denmark, but China still
Foreign Policy
Indeed, as Abe Denmark pointed out in recent testimony to the United StatesChina Economic and Security Review Commission, American strategies should encourage China to play a more responsible role in the world, but they must also continue to defend US
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Power Breakfast: AT&T to buy T-Mobile for $39 billion, nuclear plants, Google
Atlanta Journal Constitution (blog)
The big business news Sunday was the announcement that AT&T will acquire T-Mobile USA from Deutsche Telecom in a cash-and-stock deal valued at $39 billion. That will make AT&T the largest cellphone company in the US, surpassing Verizon.
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Zimbabwe, China sign US$585m trade pacts
Channel News Asia
HARARE: Zimbabwe and China on Monday signed a raft of agreements worth $585 million (413 million euros) aimed at reviving the southern African country’s health, mining and agriculture sectors. “We acknowledge the efforts by the China Development Bank
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China’s Film Industry Prepares for Big Leaps in the Year of the Rabbit
Hollywood Reporter
The 11 Imax format features released in China in 2010 on the nation’s 22 Imax screens made China the second largest market in the world for the Toronto-based company after the US Imax plans to expand its China theaters to 50 by 2012 and started
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China’s Solar Greenhouses Allow Cheap, Efficient Growing in Winter
DailyTech
(Source: Energy Bulletin) One perpetual criticism of China, the world’s second largest economic super-power, is that its lacks the innovation found in the US, Japan, or European Union. Perhaps that is a bit of an exaggeration, however.
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Next US Envoy to Korea Needs Hotline to the White House
The Chosun Ilbo
“Can you see how much detail President Barack Obama considered to promote USChina relations?” a senior foreign diplomat said after the appointment of Commerce Secretary Gary Locke early this month to next ambassador to China.
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Yingli Green Energy and GRID Alternatives Partner to Provide Solar Energy to
PR Newswire (press release)
Yingli Green Energy distributes its photovoltaic modules to a wide range of markets, including Germany, Spain, Italy, Greece, France, South Korea, China and the United States. Headquartered in Baoding, China, Yingli Green Energy has more than 9000
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In India, Sarah Palin Talks Tough On China’s Military Spending
Forbes (blog)
By RUSSELL FLANNERY While much of the world’s attention has been focused on Libya and Japan in recent days, prospective US presidential candidate Sarah Palin was in India. In New Delhi, Palin weighed in on China’s defense spending, a source of anxiety
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China expert Mulloy to speak about trade
Wilkes Barre Times-Leader
Where: King’s College, Wilkes-Barre, Burke Auditorium of the William G. McGowan Business School Mulloy is a commissioner on the USChina Economic and Security Review Commission, a bipartisan, joint House/Senate US China commission.
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VanceInfo Announces Share Repurchase Plan and Acquisition of Oracle Consulting
PR Newswire (press release)
VanceInfo provides these services primarily to corporations headquartered in the United States, Europe, Japan and Greater China, targeting high-growth industries such as technology, telecommunications, financial services, travel services, manufacturing
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IBM settles China bribery case
China Economic Review
US technology giant IBM settled with prosecutors who accused the firm of bribing officials in China and South Korea for US$10 million, state media reported. Regulators from the US Securities and Exchange Commission argued that a subsidiary of the
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Gates: U.S. expects to hand off Libya lead in “days”
Salon
When the UN was being designed during World War II, Franklin Roosevelt initially wanted membership in the Security Council to be limited to three or four great powers, like the US, Britain, the Soviet Union and nationalist China.
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Brazil Is Example of Democracy for Arab World, Says Obama in Rio
Brazzil Magazine
Chile was the first nation in South America to sign a free trade agreement with the US, in 2003. Since then, as in Brazil and other parts of South America, China has been making inroads. China’s demand for copper allowed it to surpass the US to become
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Luxury demand polishes Tiffany’s profit; Japan dents outlook
MarketWatch
from UK to China as full-year overseas sales for the first time topped those in the US The company’s (NYSE:TIF) shares, which lost 6% last week on concerns about the quake impact in Japan, rose almost 7%, their biggest percentage gain since May.
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Electronic Manufacturer Supply Chain Hit by Japan Earthquake-Tsunami
TopTenWholesale News
Japan is the worlds’ third largest economy, behind China and the US Vital supplier parts and equipment for major industries such as computers, electronics and automobiles come from Japan. The disastrous earthquake and tsunami has created a problem for
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Coalition air strikes see waning support from Arabs, China and Russia
The Guardian
Pictures of charred bodies led to not only the Arab League but also Russia and China expressing regret over the violence. Moscow claimed the US-led coalition was going beyond its UN mandate to protect civilians and called for an end to the
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Business travel to Japan is shutting down
USA Today
He wants to avoid flying into Tokyo, but US-bound connecting flights in Seoul, China or other hubs in Asia are full. “It’s been slim pickings,” he says. In addition to suspending trips to Japan, InterContinental is also encouraging employees to avoid
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The Circuit: AT&T plans to acquire T-Mobile, Google says Gmail blocked in
Washington Post (blog)
Google says Gmail blocked in China: In another spat between Google and China, the company said the Chinese government is disrupting Gmail service in China. A Google spokesperson told the Associated Press that Gmail users in China have been reporting
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US Commodities Day Ahead: Wheat Seen Rebounding 11% on Stocks
Bloomberg
South African coal exports to China and India fell in February from a year earlier while sales to Europe rose, according to mjunction Services Ltd., a web-based commodity trader. The international military intervention in Libya risks prolonging the
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Bricks And Blogs In China, Part I: Property Developers Tap Social Media Boom
Forbes (blog)
He now has a “Wanda Plaza” in more than 30 cities in China. Q. How does all of this differ from marketing in the US? A. The real estate market in the US is very different. There isn’t this phenomenon as in China, where social media such as blogging is
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‘The Amazing Race’ Delivers More Bad Luck and a Double U-Turn in China
BuddyTV
Last week, The Amazing Race left us in suspense as Kent and Vyxsin were having the worst leg of the Race ever, and the other teams had checked in but were told they’re still racing! They left their fanny pack (which is EVERYTHING) in the gondola!
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Bernanke: High oil prices could harm economy
BurlingtonFreePress.com
He blamed the rise in oil and global commodities prices on strong demand from fast-growing countries such as China, not the Fed’s stimulus policy. The Fed regularly reviews its bond-purchase program. It could buy fewer securities if the economy were to
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China New Media Corp. Retains HSC Global as Investor Relations Counsel
PR Newswire (press release)
“HSC Global and its affiliate, HC International, have a proven track record of representing successful US publicly listed companies from China. We are confident that together we will effectively communicate our business model, growth strategy and value
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Local College of Chinese Medicine Celebrates Partnership to Save Tigers, Other
San Francisco Chronicle (press release)
As the organization approaches its 50th birthday, a Bay Area institution is also celebrating a partnership with WWF that aims to preserve both endangered species and the traditions of China. San Francisco’s American College of Traditional Chinese
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G7 Intervention to Weaken the Yen: Behind the Scenes
International Business Times
Borthwick believes that a ‘Grand Bargain’ was struck between the United States, China, and other countries at the G20 Summit last November to allow the gradual appreciation of the Chinese yuan and other Asian currencies against the US dollar.
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