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U.S. China News 2011.03.24

Thu, March 24, 2011

IMAX theatre interior

Imax Chief Executive Says China Likely to Overtake US as Biggest Market
Bloomberg
(IMAX), the operator of large- screen movie theaters, says it is likely China will overtake the US as its biggest market as sales growth in accelerates in the world’s most populous nation. Contribution to sales from China, the company’s fastest growing
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China ‘is to overtake US by 2030′
BBC News
Currently, China’s international trade is worth $2.21 trillion (£1.36tn), compared with the $2.66tn (£1.64tn) for the US. China was confirmed as the world’s second-biggest economy earlier this year, overtaking Japan. According to the report by PwC,
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China doles out US $ 19.8 million military aid to Nepal
Hindustan Times
In a sign of growing proximity between both nations, China on Wednesday committed to provide neighbouring Nepal with NRs 1.42 billion (US $ 19.8 million) in military aid. Two agreements to this effect were signed by Nepal Army chief General Chatraman
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Cheonan incident makes Seoul ponder role between US, China
Korea Times
As tension spiked on the Korean Peninsula, the tension between China and Washington also rose sharply. “There were even concerns of an armed clash between the US and China. That’s why China reacted sensitively when the US aircraft carrier George
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Huawei Negotiates Rough Waters of U.S., China Trade Relations
Wireless Week
Strained trade relations between the United States and China have cast suspicion on Huawei and its products – suspicions Huawei says are unwarranted. The resulting concerns over national security have cost Huawei a number of important deals.
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How a cyberwar between US, China might look like
Times of India
WASHINGTON: A fellow at Rice University’s Baker Institute for Public Policy has hypothesised what an all-out cyberwar between the US and China might look like. Christopher Bronk, author of ‘Blown to Bits: China’s War in Cyberspace, August-September
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US to introduce China’s high-speed rail
People’s Daily Online
Chicago is on track to become the first American city to introduce China’s high-speed railway system. Chinese companies are also expected to fund this billion-dollar project. That’s the word from Chicago Mayor Richard Daley. He’s on a two-week visit in
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Taipei storm greets US evacuees
Asia Times Online
Having switched to formally recognizing the People’s Republic of China in 1979, the United States does not hold diplomatic ties with Taiwan. US military contact and exchange with Taiwan remains a most sensitive issue in USChina relations. tragedy
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Poll: U.S. leadership No. 1 globally
UPI.com
PRINCETON, NJ, March 24 (UPI) — The United States has a higher global approval rating for leadership than China, Russia, Japan, France, Britain and Germany, Gallup said Thursday. Gallup said its worldwide surveys document a noticeable shift in the US
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China economy could pass US by 2030
英文中國郵報
HONG KONG–China could overtake the United States as the world’s largest economy if it maintains an annual growth of 8 percent over the next 20 years, the World Bank’s chief economist said Wednesday. China, which last year overtook Japan as the No.
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Can the United States Feed China?
REVE
To be dependent on imported grain, much of it from the United States, will be China’s worst nightmare come true. For US consumers, China’s worst nightmare could become ours. If China enters the US grain market big time, as now seems inevitable,
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HTA plans tourism push
Honolulu Star-Advertiser
Hawaii also has seen booking slowdowns from its top US traveler market as radiation fears have increased. And there has been a related drop in travel from China and Korea, markets that depend on connecting flights in Japan.
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Marilyn Monroe, UN Get Tangled in USChina Artichoke Battle
Bloomberg
The issues on the menu at the 492- year-old trattoria include a stack of artichoke production figures calculated by the UN Food & Agriculture Organization, how to close the widening artichoke gap between the US and China, and whether Marilyn Monroe
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China Skirts Wto Orders To Allow More U.S. Films
Contactmusic.com
China has failed to relax its restriction on the number of foreign films that it allows to be theatrically distributed despite a March 19 deadline to do so, the Los Angeles Times reported today (Wednesday). A ruling by the World Trade Organization gave
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Conference to Bring Together Top BioPharma Leaders in U.S. and China
PR.com (press release)
Cypin Production, a newly established leader bringing together experts in biopharmaceuticals in the United States and China, is pleased to announce it will host USCHINA PHARMA™: Innovative Strategies and Partnership Models for R&D Success.
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ZTE sees phone part prices rising after Japan quake
Reuters
ORLANDO (Reuters) – China’s ZTE Corp (0763.HK) is seeing higher prices for phone parts such as batteries, displays and radio filters due to supply shortages in the aftermath of the Japan earthquake. More than a week after the quake, manufacturers in
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Guilty plea expected in China ‘spy’ case against Woodinville man
Seattle Post Intelligencer
“Boiled down to its essence, the defendant’s offense amounted to a form of espionage on behalf of the People’s Republic of China to acquire the United States‘ sensitive military technology,” Assistant US Attorney Todd Greenberg told the court,
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Starbucks eyes grocery stores, China, digital for growth
USA Today
No one talked about building gobs of more stores in the US — where it already has 11000 locations. Instead, executives discussed substantial growth in the grocery store aisle; international growth, particularly in China; and continued growth in
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‘Electroshock’: China tops global art market
AFP
PARIS — China topped the United States in 2010 as the country with the richest art auctions, according to a French company that tracks global art deals. “It’s an electroshock in the history of the global at market,” Thierry Ehrmann, president of
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China Sunergy Announces Fourth Quarter and Full Year 2010 Financial Results
PR Newswire (press release)
Non silicon cost of cell was reduced from US$0.25 in the fourth quarter of 2009 to US$0.20 per watt in the fourth quarter of 2010. Commenting on the fourth quarter, Mr. Stephen Zhifang Cai, CEO of China Sunergy remarked: “We are pleased with our solid
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TAKE-A-LOOK-Policymakers target rising world food prices
Reuters Africa
food inflation snaps easing trend in mid-March [ID:nSGE72M02Q] > US corn export sales slip, Japan buys corn, rice [ID:nN24119312] > Record 2011/12 grain crop seen but stocks may fall [ID:nLDE72N1LS] > The rumor won’t die: Did China buy US corn?
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Former Army analyst charged with theft of government property due in federal
The Republic
A former US Army analyst who tried to board a flight to China with electronic files containing restricted Army documents is scheduled to enter a plea to a misdemeanor charge of theft of government property. A hearing is set in US District Court in
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US‘ Titan supercomputer will dwarf China’s Tianhe-1A
TechEye
The Department of Energy has funded the building of the $100 million supercomputer that on completion will be a full eight times faster than the Tianhe-1A Chinese effort that grabbed headlines, and the top spot, back in October 2010.
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Sino-Forest Accepts China Development Bank Corporation Term Loan Offer of US
PR Newswire (press release)
China Development Bank is one of the three Chinese policy banks, administered by the PRC’s State Council, with assets of RMB4.94 trillion (approximately US$740 billion) as of September 2010. The strategic focuses of CDB are to support China’s basic and
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Li & Fung aims to grow profits by 50% to US$1.5b by 2013
Channel News Asia
Last August, Li & Fung paid US$900 million for distribution company IDS to gain a network in China, and seven other Asian nations. The company currently has a war-chest of about US$1 billion for acquisitions to drive earnings the next two years.
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U.S. Firms Worry About Future in China
Product Design & Development
An annual survey released by the American Chamber of Commerce in China showed that US companies performed well in the past year, returning to pre-financial crisis levels of profitability. The vast majority — 83 percent of respondents — plan to
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AirMedia Announces US$20 Million Share Repurchase Program
PR Newswire (press release)
AMCN) (“AirMedia” or the “Company”), a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, today announced that its board of directors has approved a share repurchase program up to US$20 million.
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XIU QING ZHENG v. U.S. ATTORNEY GENERAL
Leagle.com
We have previously addressed situations in which petitioners moved to reopen proceedings based on changed country conditions, fearing sterilization upon their return to China pursuant to the country’s one-child policy. See, eg, Zhang v. US Att’y Gen.,
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JinkoSolar Announces 6 MW Module Supply Agreement with U.S. Solar Value
PR Newswire (press release)
manufacturer with low-cost operations based in China, today announced that it has signed a one-year supply agreement with Lumos Solar, a leading solar design, development and distribution company in the US According to the terms of the agreement,
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Analysis: Uranium supply outlook clouded after Japan crisis
Reuters
Reactor programmes are under threat as Europe, the United States and China review plans after Japan’s worst earthquake left some reactors on the edge of meltdown, stirring fears that additional mine supply being developed after years of
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China’s search for clean fuel leads to W.Va. univ.
Forbes
WVU Chemical Engineer Elliot Kennel is leading a team that will be conducting experiments to convert biomass and coal to transportation fuel. The project is being funded by the US Department of Energy and using equipment donated by a Chinese energy
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What’s behind our conflicted feelings on nukes?
Atlanta Journal Constitution
On screen, Bert, the ever-alert turtle of the government civil-defense cartoons, told us all we needed to do was shield our eyes when the bomb exploded and duck under our desks. Jane Fonda in “The China Syndrome” told us to be worried about nuclear
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Research and Markets: World Coal Outlook
Business Wire (press release)
China has enough coal to sustain its economic growth for a century or more even though demand is currently outpacing production. Total US production of coal was 1.17 billion tons in 2008, more than a 95 percent increase since 1973.
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China PharmaHub Reviews 2010 and Recent Accomplishments
PR Newswire (press release)
Signed an exclusive agreement to be a distributor for Illumibrite, LLC, which markets the Illumibrite Professional Teeth Whitening System and Gel Savers Trays in the US The agreement gives China PharmaHub the exclusive right for the promotion,
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China’s hunger for grain to drive global food prices?
Feedstuffs
China ‘s appetite for feed grains could mean it will soon enter the world market – in much the same way it did for soybeans – putting pressure on US corn prices and food prices, Lester Brown, president of Earth Policy Institute in Washington , DC said
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Chinese barriers cost US farmers billions
Daily Times
WASHINGTON: US farmers lose as much as $5.2 billion in sales each year because of China’s import restrictions on wheat, poultry, pork, cotton and other food and agricultural products, a new US study said. “China is our number one market for US
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Is China Economic Dominance Becoming A Threat WORLD?
Newsi.es
The fear of China’s dominance all over the world can be best explained by this statement which clearly put forward the concern of the rest of the countries “Once China becomes strong enough to stand alone, it might discard us.
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The Reality Of Using The Internet In China
The Business Insider
Writing in the Party journal Seeking Truth in December 2009, Meng Jianzhu, the Minister of Public Security, wrote: “The internet has become a primary method for the anti-China forces to infiltrate us and amplify destructive energy.
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Latin Day Ahead: Braskem’s Bond Rally Has CFO Lining Up Offering
Bloomberg
The stalled free-trade deal between the US and Colombia is pushing Washington’s closest ally in Latin America to look toward China for fresh markets, further eroding US influence in a region that buys a quarter of its exports.
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Is Loan Growth in China Slowing?
Wall Street Pit
So analysts argue, incorrectly, that because in the past year the RMB has appreciated nominally by 4%, and in addition there has been a 3% inflation differential between China and the US, the RMB has actually appreciated in real terms by 7%. It hasn’t.
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Corn, beef imports to Japan hold up
DesMoinesRegister.com (blog)
Corn rose 68 cents per bushel last Thursday and Friday on rumors, later denied by China, that China had come into the US corn market. The market has been tantalized by the USDA listing of 1.4 million metric tons of corn for “unknown” export
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Why Are the Media Ignoring Plans By George Soros to Remake the Entire Global
Fox News
The introductory slide to the video is subtitled: “How currency issues and tension between the US and China are renewing calls for a global financial overhaul.” Skidelsky called for a new agreement and said in the video that the conflict between the
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Just When We Thought Housing Couldn’t Get Worse
Wall Street Pit
While economic and social risks remain very high in China given its accelerated rate of inflation, I’m continuing with my prediction: By the end of this decade, by 2020, the Chinese economy will be equal to and maybe larger than the US economy.
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GRAINS-Wheat up near 3 pct on Plains weather worry
Forexyard
The Red River Valley is where most of the US high-protein spring wheat crop is produced. A sale of US spring wheat to China seen in the the US Agriculture Department’s weekly export sales report also may have boosted Minneapolis spring wheat futures.
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Auto jobs to go to China by 2025, study says
The Detroit News
Because of competition for these resources, there may be a nasty USChina confrontation at some point, perhaps by 2025,” Wormald said. One factor which has the potential to undermine just about every assumption made by experts when they pucker their
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US Economy: Goods Orders Unexpectedly Fall, Claims Drop
Bloomberg
While rising exports to China and other emerging economies will benefit manufacturers like Texas Instruments Inc. (TXN), the need for US companies to replace outdated equipment may not be as pressing as earlier in the recovery.
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