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U.S. China News 2011.03.29

Wed, March 30, 2011

Pew: US falls behind China, Germany in clean energy
USA Today
Until 2008, the US had held the top spot, but it has since been eclipsed by China, which ranks no. 1, and Germany, which has taken over the no. 2 spot, according to the report “Who’s Winning the Clean Energy Race” by the Pew Charitable Trusts,
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China on track to overtake US scientific output in 2 years
USA Today
By Douglas Stanglin, USA TODAY The analysis is contained in a study by the Royal Society titled “Knowledge, Networks and Nations.” The study finds that in 1996, the United States published 292513 papers, more than 10 times China’s output.
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Oil price in China surpasses US, reaches world medium level
People’s Daily Online
Rui Dingkun, a researcher from China Jianyin Investment Securities, said the retail prices of gasoline in Germany, France, South Korea and Japan are about 300 US dollars to 360 US dollars per barrel, but 40 percent to 60 percent of it includes tax.
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US Firms Eye Joint Venture to Produce Perchloroethylene in China
CRIENGLISH.com
The Dow Chemical Company and Befar Group Co., Ltd. announced a memorandum of understanding on Tuesday to produce a key refrigerant chemical in China. The Midland-based Company said in a statement that the new 50- 50 joint venture will produce
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Africa: China Dismisses US Claims Over Continent
AllAfrica.com
Nairobi — China has dismissed as “sensational” claims by the US it was employing dirty tricks to gain a foothold in Kenya. Leaked US diplomatic cables described Chinese firms as using bribes, cut-throat pricing strategies and coercion through senior
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What do the US & China Have in Common? The Death Penalty [VIDEO]
Care2.com (blog)
Amnesty says that 527 executions were carried out last year (excluding cases from China, for the reasons below). There were 252 in Iran; 60 in North Korea; 53 in Yemen; and 46 in the US. The total number of executions declined from 2009, when Amnesty
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China’s First International University Breaks Ground
CRIENGLISH.com
The NYU Shanghai project, China’s first international university co-established with a US higher-learning institute, has broken ground. The university, approved by the Ministry of Education, was co-established by the United States-based New York
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Lucintel’s Benchmarking for Wind Energy Market: China Outclasses US and
Business Wire (press release)
“Regional Benchmarking of Wind Energy Market for China, US, Germany and India.” Four nations, Germany, US, China and India, have been taken into consideration in order to analyze the overall wind energy market. This report identifies factors
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China bio fuel policy may give way to food security priorities
India Infoline.com
China s food security objectives may get clashed with its energy independence and environmental objectives according to a recent publication by the US International Trade Commission. Biofuel development in China may experience constrains as a result
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DPP head meets with former US deputy secretary of state
Radio Taiwan International
Tsai and Armitage exchanged views about relations between Taiwan, Mainland China and the United States. Tsai said they discussed the current situation in the Asia Pacific region and she explained her party’s Mainland China policy.
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President, legislators push for US arms sale to Taiwan
Focus Taiwan News Channel
“The people of Taiwan will feel secure and confident to continue Taiwan’s engagement with China on a variety of issues” if the US approves the arms sale, Ma told former US Deputy Secretary of State Richard Armitage. Armitage, who served from 2001-2005
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Long-term bearish on China and the US
Gold Seek
We also can’t be counted amongst the naive souls who labour under the delusion that the US is still the “land of the free” and that China is still a Soviet-style basket case. We are long-term bearish on the economies of both the US and China,
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China Yuan Up Late; Steady Fixing Signals More Consolidation
Wall Street Journal
SHANGHAI (Dow Jones)–China’s yuan rose slightly against the US dollar late Tuesday but stuck close to the dollar/yuan central parity rate that had been left steady by the central bank, signalling it intends to let the yuan consolidate further after
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US Commodities Day Ahead: Corn Acreage Failing to Meet Demand
Bloomberg
Copper fell for a fourth day in London, the longest streak since January, on concern demand might be weakening in China, the world’s largest consumer of industrial metals. Dowa Holdings Co., Japan’s second-largest zinc producer, said it plans to resume
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Startups and StartUp America: Can They Really Restart America?
Forbes (blog)
This in turn means that it makes sense for US companies to invest their resources in servicing the China economy – compare rolling out clean energy technologies in a new city with deployment in a city and State with over 100 years of regulations and
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G-20 Criticism of Fed Is Muted as Officials Combat Japan Crisis, Portugal
Bloomberg
By Bloomberg News – Tue Mar 29 16:00:01 GMT 2011 Group of 20 leaders may limit criticism of the Federal Reserve for flooding the world with money when they meet in China as Europe’s debt crisis and Japan’s disaster take precedence. US Treasury
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Japan shipper mulls future of vessel with “abnormal” radiation
Reuters
Governments, including China and the United States, have begun screening for radiation on ships that traveled from Japan’s quake-hit northeast, threatening to slow seaborne trade for the world’s third largest economy. “The container ship is expected to
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Qihoo IPO Likely To Price Above Range
Wall Street Journal
Beijing-based Qihoo, which says it is among China’s biggest Internet company as measured by user base, has attracted more buzz than any other Chinese IPO launched in the US this year. Three previous offerings—from Zuoan Fashion Ltd.,
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Manufacturing Champions
Huffington Post (blog)
We produce 21 percent of global manufactured products, well above Japan’s 13 percent and China’s 12 percent. Standing alone, US manufacturing today would rank as the sixth largest economy in the world. We are so successful in large part because so many
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Chilean Peso Weakens as Copper Declines on China Demand Concern
Bloomberg
By Sebastian Boyd – Tue Mar 29 13:55:56 GMT 2011 Chile’s peso slid as the price of copper, the country’s biggest export, fell on concern that demand from China, the largest customer, may wane. The peso weakened 0.4 percent to 482.15 per US dollar as of
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The Prospects For A Global Economic Recovery As Q1 Ends
The Business Insider
Image: ap The global economy is emerging from a shock-filled first quarter, still on the path of recovery, with growing signs of momentum in the US and Europe more than offsetting the slowing in China, some other emerging-market economies, and Japan.
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China Envoy Huntsman May Run for President in 2012 or 2016, Brother Says
Bloomberg
By Jack Kaskey – Tue Mar 29 04:01:00 GMT 2011 US Ambassador to China Jon Huntsman is interested in running for president in 2012 or 2016, his brother Peter Huntsman said. Jon Huntsman, a Republican who resigned during his second term as governor of
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China’s Red Cross Donates Another 20 Mln Yuan to Quake-stricken Japan
CRIENGLISH.com
The Red Cross Society of China decided Tuesday to donate an extra 20 million yuan (about 3.05 million US dollars) in emergency aid to its Japanese counterpart in supporting the latter’s quake relief and recovery efforts. A statement issued by the
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Cantronic Announces Definitive Agreement to Sell Its North American Business
SYS-CON Media (press release)
“We believe that this transaction is strategically important for us,” commented James Zahn, President and CEO of Cantronic. “After the sale of the North American Business, we will continue focus on our China Growth Strategy. In the short term,
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The failure of shareholder capitalism
Salon
By cutting taxes, slashing wages and destroying unions, the US was supposed to lead the world in high-tech industry. But a recent study by the Asian Development Bank found that the majority of the added value of iPhones assembled in China come from
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Cravaack sends letter to Secretary Geithner on Cirrus purchase
Coon Rapids ECM Publishers
Washington, DC – US Congressman Chip Cravaack (MN-8) recently sent a letter to Treasury Department Secretary Timothy Geithner regarding the proposed purchase of Cirrus Industries Incorporated by the China Aviation Industry General Aircraft Company.
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Pre-Opening Corn Market Report for 3/29/2011
NASDAQ
The lack of news on China buying US corn plus news that China is moving state reserve feedwheat onto the market to ease feedgrain tightness helped to pressure. May corn closed sharply lower on the session yesterday and near the lows of the day,
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Corporate data is new target of cybercrime
SC Magazine US
China, Russia and Pakistan are perceived to be the least safe locations for data storage, while the UK, Germany and the United States are perceived to be the safest. Organizations in the United States, China and India spend an average of $1 million per
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DIARY-NON S&P WEEK AHEAD
Reuters
Global Professionals 0.07 11 -0.01 31 Mar BMO Q4 Rxi Pharmaceuticals Corp -0.19 1 -0.38 31 Mar AMC Q4 Sino Clean Energy Inc N/AN/AN/A 31 Mar BMO Q4 SemGroup Corp. N/AN/AN/A 31 Mar BMO Q4 US China Mining Group Inc N/AN/A 0.31 31 Mar AMC Q1 Spectrum C.
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China to maintain nuclear power goal
Asia Times Online
Ambrose Evans-Pritchard, writing in the Daily Telegraph in the UK, said that US President Barack Obama could by focusing on thorium power development put an end to US dependence on fossil fuels “within three to five years”. He argues that China is
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Christianity = US World Preeminence: China
Poughkeepsie Journal (blog)
Despite religious persecution, there are some areas of China where Christianity still thrives. The city of Wenzhou boasts 1400 churches. It is also rated the most entrepreneurial city in China. Says local business leader and practicing Christian,
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China Shen Zhou Reports Fiscal 2010 Financial Results
PR Newswire (press release)
Payment under the agreement consists of RMB 50 million (approximately US$ 7.58 million) in China Shen Zhou’s common shares and RMB 15 million (approximately US$ 2.27 million) in cash. Under the agreement, Xingzhen, together with two individual
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Proposal to ship coal to China from Washington ports
The Seattle Times
China would prefer Montana and Wyoming’s Powder River Basin coal because it has a much lower sulfur content and higher energy output. US East Coast ports are already shipping high-sulfur Eastern coal to China. US and Canadian West Coast ports are at
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Sina Ends Google Search-Engine Deal for China Online Users
BusinessWeek
By Mark Lee March 29 (Bloomberg) — Sina Corp., owner of China’s third- most-visited website, dropped Google Inc.’s search engine a year after the US company moved its Chinese service offshore to avoid local censorship rules.
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Patent Reform is a Patent Giveaway — Schlafly
The Moral Liberal
These rules mean that US products cannot be sold in China unless the US companies give China their current patents plus their research and development of new products. This targets our most innovative manufacturing and service industries,
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YING CHEN v. U.S. ATTORNEY GENERAL
Leagle.com
Ying Chen, a native and citizen of China, petitions for review of the decision of the Board of Immigration Appeals that affirmed an order of her removal. Chen argues that the Board erroneously found that her application for asylum was untimely and that
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Investment trend driving shale gas deals in North America
PRLog.Org (press release)
“PetroChina’s deal with Encana is China’s initial acquisition into the Canadian shale gas marketplace, and its largest Canadian upstream transaction to date, highlighting China’s accelerated pursuit of North American unconventional resources to secure
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Top 11 Algae Biofuel and Biochemical Trends From 2011-2020
RenewableEnergyWorld.com
Where lower-cost, economically advantaged sugars are available in the US, EU, China and India, expect increasing military use for collaborative R&D deployment tests. In the biggest markets in Europe, the US, Brazil, China and India, government mandates
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Trump: Why Are We Really in Libya?
Fox News
We cannot sustain ourselves as a great country. OPEC is whipping us and we have nobody to tell them what to do. China is taking all of our jobs. They are making all of our products. And then loaning us money and we are paying interest to them.
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‘Birth Tourism’ Aims at US Citizenship for Newborns
Newser
The center was shut down for building code violations, but officials believe many more exist, and US “maternity packages” are widely advertised in countries including China, Mexico, and South Korea. “These people aren’t doing anything in violation of
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BE Resources says finds rare earths as well as beryllium at US project
Creamer Media’s Mining Weekly
China produces over 95% of the world’s supply and has been cutting back on export quotas, driving up prices as companies outside the country scramble to secure supplies. Much of the new non-Chinese production due to come on stream produce mainly light
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