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U.S. China News 2011.03.30

Wed, March 30, 2011

China, Germany beat US in clean tech investment
The Hindu
China and Germany both beat the US in investments in clean energy technology in 2010, according to a study released Tuesday by the Pew Environment Group. The study named China as the world’s leading investor in clean energy technology with a
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USChina wind turbine talks ‘very productive’-USTR
Reuters Africa
WASHINGTON, March 30 (Reuters) – US Trade Representative Ron Kirk on Wednesday expressed hope a dispute over China’s support for domestic wind turbine manufacturers can be resolved before a World Trade Organization panel hears the case.
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Jon Huntsman welcomes China investment in U.S.
MarketWatch
In our relationship with China, we also aim to boost investor confidence and reduce investor uncertainty through bilateral dialogue. This is one objective for the fourth round of the USChina Investment Forum to be held in Beijing on March 29.
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US Dollar’s Dominant Role To Come Under Fire At Nanjing Summit
Wall Street Journal
In a preview of China’s likely stance, an economist at the think tank organizing the seminar published an attack on the US dollar system Tuesday. Professor Xu Hongcai said the dollar’s dominance and the US Federal Reserve Board’s loose monetary policy
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China, India, United States propelling base station deployments
RCR Wireless
A solid portion of that growth is expected to come from China, India and the United States, countries with large populations, staggering geography coverage requirements and customers with a voracious appetite for mobile services.
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US rules China dumps aluminum products
AFP
Several companies were also determined to have received significant subsidies that also merit penalty tariffs. In 2009, China exported $514 million worth of extruded aluminum products to the United States, falling slightly to $503 million last year.
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In 2 Years, China Will Surpass the US in Science Research
Care2.com (blog)
China will soon surpass the US as the country that publishes the most scientific papers—meaning that, some say, China is well on its well to leaving the US, the UK, Germany, Japan, and many other countries in the dust when it comes to scientific
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China’s CIC has earned 40 pct on US real estate -official
Reuters
BEIJING, March 30 (Reuters) – China’s sovereign wealth has earned a 40 percent return on investments made last year in US commercial real estate, a senior official said on Wednesday. Jin Liqun, chairman of the China Investment Corp. supervisory board,
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Pioneering China Toll-Free Service Lets US Companies Directly Access Middle
PR Newswire (press release)
HONG KONG, March 30, 2011 /PRNewswire-Asia/ — China’s huge and growing middle class offers a vast market to US businesses, many of which are already directly serving these newly affluent consumers through China 4001 International Toll-Free Services.
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US Encourages Businesses to Increase Exports to Asia, China
CRIENGLISH.com
by George Bao US Secretary of Commerce Gary Locke on Tuesday encouraged small and medium-sized businesses to increase their exports to Asia and to China in particular. In his keynote speech delivered at the Asia and Pacific Business Outlook (APBO)
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China’s Yizumi buys HPM intellectual property to tackle North American market
Plastics News
“This is a milestone for us,” he said. “In the past, our major market is China. We sell 85 percent of our machines in the China market, and only 15 percent for export.” Most of the exports go to Southeast Asia. “But we don’t have any machines in North
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Latin America’s Gaze Increasingly Turns East
Inter Press Service
“The reason why China is doing this is not for development purposes…It’s not to gain influence…It’s not to replace the United States militarily and politically…It is to goose the Chinese economy,” he pronounced. For China, Latin America,
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US aims for new air services talks with China in August
ATWOnline
“The numbers are very promising as to what the economic benefits in local communities could be” if flight restrictions between the US and China were eliminated. The US and China last signed an air services accord in 2007; the agreement fell short of
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US Rep Levin: Favor US Filing WTO Case Against China On Currency
Wall Street Journal
By Michael R. Crittenden Of Dow Jones Newswires WASHINGTON (Dow Jones)–The Obama administration should file a case with the World Trade Organization against China for its artificial exchange rate policies, a key US House Democrat said Tuesday. Rep.
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US Schedules Aviation Talks With China In August
NASDAQ
The USChina deal has been amended three times since 1980, each allowing more flights between the countries. Both sides haven’t taken up all of their allotted flights. The US last week signed an open-skies deal with Brazil, but unlike most of its
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USChina Business Council
China Law Blog (blog)
The article is entitled, “China’s IPR thorn still needles West,” and it says what we have been saying: IP protection in China is getting better, but it is not there yet. Shobert quotes from a recently released USChina Business Council report to back
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Senate mission urges USChina co-operation on Tibet; notes economic boom but
The Canadian Press
WASHINGTON — Senate staff who visited Tibet say the US should work with China for the economic development and cultural preservation of the region, which was wracked by anti-Beijing riots three years ago. The rare Senate staff mission to Tibet reports
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Computer engineer facing US jail term for China arms deal
Taipei Times
By William Lowther / Staff Reporter in WASHINGTON A 47-year-old computer engineer has pleaded guilty to conspiring to sell highly classified US weapons technology — for possible use against Taiwan — to China. Lian Yang of Woodinville, Washington,
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Wheat May Gain as Dry Weather Threatens to Stress Crops, Cut U.S. Yields
Bloomberg
The price has gained 41 percent in the past year on increased demand for oilseeds from China. The US is the world’s biggest soybean grower and exporter. Corn for May delivery added 2.5 cents, or 0.4 percent, to $6.7425 a bushel.
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Corn, cotton sowing to increase, soybeans to decrease in US, China
Daniels Trading
Corn and cotton will be more widely planted in the US and China as farmers shy away from soybeans, according to industry forecaster Oil World. Bloomberg reports the Hamburg-based outfit indicates soybean planting will slip 11 percent in China this year
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Seawater radiation higher…US considers arming Libyan rebels…China executes
9&10 News
MANILA, Philippines (AP) — The Philippine government says China has executed three Filipinos convicted of drug smuggling despite last-minute appeals for clemency and political concessions by the country’s leaders. The Philippine consul says the three
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China warns of ‘dollar trap’
Fortune
The answer is they can’t. The only people complaining loudly about a weak dollar are those intent on sponging off the US by manipulating their currencies. Look where that ultimately got the Japanese. China will follow the same course.
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Developing economies’ lead over rivals poses risks
The Associated Press
India’s heavily regulated banks never made disastrous bets on the US subprime mortgage market. Neither did China’s, which are almost all owned by the government. As fear paralyzed financial markets in the rich world, Beijing simply ordered state-run
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Trade between China and Portuguese-speaking countries totals US$14.96 billion
Macauhub
As usual Angola was the second biggest Portuguese-speaking trading partner with trade with China totalling US$3.84 billion, made up of sales to China of US$3.48 billion (5.2 percent more), mainly oil, and imports from China of US$350 million (0.40
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China SAFE 2010 QFII Quota $3.05 Billion Vs $3.23 Billion In 2009
NASDAQ
SHANGHAI -(Dow Jones)- China’s foreign-exchange regulator awarded quotas of US$3.05 billion last year to foreign investors to invest in the country’s stock and bond markets, according to data on the regulator’s website, down slightly from US$3.23
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NeoStem to Present Stem Cell Technology at OneMedForum NY 2011
OneMedPlace (blog)
NeoStem , an international biopharmaceutical company with adult stem cell operations in the US, a network of adult stem cell therapeutic providers in China, and a 51% ownership interest in a profitable Chinese generic pharmaceutical manufacturing
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China may double solar goal after Japan nuclear leak: report
Reuters
China was again the world leader in clean-energy investment last year, ahead of Germany and the United States, according to a report by the Pew Charitable Trusts released this week. (Reporting by Soo Ai Peng; Editing by Ken Wills)
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TTC Finds Differing Overhead Rates by Regions of the World
SYS-CON Media (press release)
While the US and UK have the highest clinical trial costs for all phases, these costs are rapidly increasing in new geographies, especially in China and India. This is certainly true for overhead costs. Over the long term, research sites that lack
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Cirrus defends sale to Chinese firm
AOPA Pilot
By Dave Hirschman Cirrus Aircraft Chairman Dale Klapmeier defended the company’s planned sale to a Chinese firm March 30 at the Sun ‘n Fun Fly-In, saying it will be good for Cirrus employees and the US aviation industry. “China is building airports as
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Taiwan approves record amount of investment in China in 2010
Focus Taiwan News Channel
Taipei, March 30 (CNA) Taiwan’s newly approved investments in China last year reached a record US$12.23 billion, more than double the US$6.06 billion of 2009, with most of the increases coming from investments in the service sector, a researcher of the
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CER Lands $5 Million (US) Contract from Lanfeng Biochemical Co. Ltd.
PR Newswire (press release)
“CER continues to book significant orders as new, energy-efficient chemicals manufacturing capacity is brought on across China,” Mr. Wu said. “CER’s waste heat recovery systems are central to China’s industrial manufacturing sector achieving
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Willem Houwink, UNR: How welfare and freedom differ in China and the US
Reno Gazette Journal
The Chinese government interferes much more with the welfare of its people than the government in the US As a result, the increase in welfare as a percentage of total welfare increases significantly more in China. In other words, China’s macro approach
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Get Serious Now on Long-Term Global Energy Needs, Obama Says
International Business Times
By Gerald Helguero | March 30, 2011 1:08 PM EDT President Barack Obama told US students on Wednesday that with rapid growth in China and India, global demand for energy will continue to increase and a solution for reducing US dependence on imported oil
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Gap opens online store on Taobao Mall
Reuters
SHANGHAI, March 30 (Reuters) – US apparel brand Gap Inc opened an online store on China’s biggest e-commerce platform Taobao on Wednesday, in an effort to lure savvy Chinese shoppers outside wealthy cities. E-commerce has boomed in China over the past
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American Jianye Greentech Holdings Finalizes Waste-to-Fuel Plant Design With
GlobeNewsWire (press release)
Our blended fuels are gaining wide-spread acceptance across China, and these waste-to-fuel plants will allow us to meet the growing demand.” Mr. Wang continued, “We are excited to partner with GeneSyst International on this groundbreaking project.
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China’s Health-Care Push Bodes Well For VCs
Wall Street Journal (blog)
Research and development centers have also shifted from the US and Europe to India and China, Shi said, meaning that China is building a critical mass of talented researchers and drug developers that could in ten years, shift the center of gravity in
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China’s Odi Up 13.1% in the First Two Months: Moc
American Chronicle
According to FDI: China’s outbound direct investment (ODI) in the non-financial sector saw an increase of 13.1 percent year on year to 5.27 billion US dollars in the first two months, the Ministry of Commerce (MOC) announced Tuesday. During the Jan.
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Interview: Mentez On Publishing, Localizing Social Games In South America
Gamasutra
That allowed us to launch social games from other companies and from other places, such as China. That’s where we started developing that industry. We basically built it, and now it’s all South America. So, Mentez is coming out to all the
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China’s Central Bank Foresees Weak Usd, High Commodity Prices in 2011
istockAnalyst.com (press release)
(Source: Info-Prod Research (Middle East))According to FDI: China’s central bank said Friday the US dollar is expected to weaken with the slow recovery of the US economy, and global commodity prices will increase due to greater demand.
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Panic button in America to Equip Pro
9 Computer Store
Yep, Panic button is one of the new technologies the US State Department, which has been intended in promoting to equip pro-democracy activists in countries giving choices from the Middle East to China with the tools to fight back against repressive
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Du Pont extends Danisco bid deadline
Financial Times
The group announced on Wednesday that it was extending the offer period to April 29 to provide more time for regulatory clearance from the European Union and China. US regulators have already given the go-ahead and DuPont said it was confident of
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ExxonMobil says no near-term plans to expand Fujian refinery
Reuters
SHANGHAI, March 30 (Reuters) – US energy major ExxonMobil and its partners have no near-term plans to expand China’s Fujian 240000 barrel-per-day (bpd) refining and petrochemical plant, a senior Exxon official said on Wednesday .
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World disasters in 2010 cost insurers US$43 bil.: Swiss Re
China Post
ZURICH — Natural catastrophes and man-made disasters cost the insurance industry US$43 billion in 2010, Swiss Re, the world’s second-biggest reinsurer, said on Tuesday, revising up an earlier estimate. Swiss Re also revised down its estimate of
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‘Red Dawn’ and Red China
Bennington Banner
For its mix of dystopia and hope, the movie became such an enduring cultural touchstone that US military leaders honored it by naming their 2003 effort to apprehend Saddam Hussein “Operation Red Dawn.” Amid the triumphalism, however, we missed the fact
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What’s on the Horizon?
Fox News (blog)
by Faith Mangan | March 29, 2011 US Ambassador to China Jon Huntsman Jr. has only a month left on the job before he presumably returns home, and in the mean time a lot is continuing to happen behind the scenes stateside, in case he decides to make
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Tax holiday on overseas profits could benefit TN businesses
The Tennessean
Fallon, however, isn’t sure that the money from overseas — where Clarcor has 30 percent of its overall sales in places such as China, Mexico, Brazil and India — would be used to create jobs or expand US operations. “For other companies who are
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Editorial: US Rep. Chip Cravaack’s odd take on foreign capital
Minneapolis Star Tribune
Among Cravaack’s concerns: that Cirrus jobs and technology would be packed up and moved to China. Cravaack said that current composite materials as well as an engine that may be used in the future could aid China’s military. Two University of Minnesota
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