Skip to content

U.S. China News 2011.03.31

Thu, March 31, 2011

China eyes US military expansion
BBC News
By Michael Bristow BBC News, Beijing China says the United States is increasing its military presence in the Asia-Pacific region, which is becoming more “volatile”. It also says there has been a rise in operations directed against China.
See all stories on this topic »

Ex-US Trade Representative: China May Face ‘Quiet’ Pressure On Yuan At G-20
Wall Street Journal
China could come under pressure from nations such as the US, India and Brazil to allow a stronger yuan during a Group of 20 seminar on reshaping the global monetary system in Nanjing, China, on Thursday, Bloomberg News reported on its website,
See all stories on this topic »

China-Biotics Receives First U.S. Sales Order
PR Newswire (press release)
The US based nutritional product company placed its first sales order, and formally entered into its agreement with China-Biotics on March 28, 2011. The agreement is effective for two years beginning on March 17, 2011, the day after the parties entered
See all stories on this topic »

US hopes to resolve China wind turbine rift
AFP
“We have made very substantial progress through our various dialogues with China,” US Trade Representative Ron Kirk told a conference of the National Bureau of Asian Research. Asked specifically if he hoped to reach a settlement on the wind turbines,
See all stories on this topic »

Argentina to allow 3 million tons corn exports
Reuters
China, already a major market for Argentine soybeans and soyoil, has restrictions on the importation of genetically-modified corn strains, which account for about 80 percent of the South American country’s crop. Chinese food health officials arrived in
See all stories on this topic »

US China Mining Group, Inc. Reports Fourth Quarter and Full Year 2010
PR Newswire (press release)
US China Mining Group generated approximately $20.7 million in cash flows from operating activities in 2010. The Company had current ratio of 4.2 to 1 at December 31, 2010. Working capital on December 31, 2010 was approximately $36.4 million versus
See all stories on this topic »

Georgia Ranks Ninth as States’ China Exports Surge
GlobalAtlanta
That surpassed total US exports to France in 2010, including those of corporate giants. “It is important to note that large American companies aren’t the only ones benefiting from this trade between the US and China. China is now the third largest
See all stories on this topic »

U.S. Hedge Fund Blasts China Co. Director Over ‘Misconception’
FINalternatives
In particular, Absaroka Capital Management has taken aim at a member of the board of directors of China Shen Zhou Mining & Resources, Gene Michael Bennett. The Cheyenne-based hedge fund alleges that Bennett, who has been accused of no other wrongdoing,
See all stories on this topic »

Asian Overview: Protecting American Interests in China and Asia
American Enterprise Institute
Mr. Chairman, you have asked whether we are protecting the broad range of our interests in China and Asia. Such a question can be answered in two ways. The first way is to equate our current Asian commitments and relationships with our interests and
See all stories on this topic »

G-20 meeting in China will focus less on U.S. monetary policy
Empowered News
The G-20 meeting of finance chiefs in Nanjing, China today will likely focus less on US monetary policy and more on multiple disasters in Japan and the debt situation in European countries. US fiscal policy, specifically its alleged push of the dollar
See all stories on this topic »

Washington Is Preparing for a Long War With China
U.S. News & World Report (blog)
By Stephen Glain In my upcoming book about the militarization of US foreign policy, I argue that Washington’s refusal to tolerate China as a regional power will render a Sino-American war all but inevitable. It now appears the Pentagon’s war horse has
See all stories on this topic »

Ex-US official warns Taiwan on Chinese espionage, military
Focus Taiwan News Channel
The former official spoke to reporters at the mid-point of a March 27-April 2 visit on a wide range of issues related to the triangular relations between the US, China and Taiwan. Schriver expressed disagreement with the recommendation in a recent
See all stories on this topic »

Locke: American Jobs and Profits tied to Trade with China and the rest of Asia
US-China Institute
Gary Locke, United States Secretary of Commerce and President Obama’s pick to replace Jon Huntsman as US Ambassador to China, addressed the 2011 Asia Pacific Business Outlook conference in Los Angeles Tuesday. Locke stressed the importance of
See all stories on this topic »

China Yuan Up Late On Record Low Parity As G-20 Meeting Begins
Wall Street Journal
SHANGHAI (Dow Jones)–China’s yuan rose to a record high against the US dollar late Thursday after the People’s Bank of China set a record-low central parity as an international financial summit began in the eastern Chinese city of Nanjing.
See all stories on this topic »

China’s ‘Political Risk’ Includes US Social Networks: Analyst
CNBC.com (blog)
Even as Asia is expected to make further investing in-roads into the US, that might not be the case for China when it comes to American social network companies, says a partner at Cravath, Swaine & Moore. “We’ve always thought about the risk (from
See all stories on this topic »

Green China Rising
The Atlantic
US jobs will be created in the process, as is already happening with many who are partnering in China’s clean-tech sector right now. They’re also critical to laying the foundation of trust between the two countries, absolutely essential for USChina
See all stories on this topic »

Macau’s Sands China under investigation by HK regulator
Reuters
Sands China, one of six casino companies licensed to operate in the world’s biggest gambling market, said it has been asked to provide certain documents to the SFC. The announcement comes nearly a month after US anti-corruption agencies launched an
See all stories on this topic »

Jollibee hikes stake in US food chain
BusinessWorld Online
Sought for comment, an analyst said Jollibee Foods is still focusing on China amid expansion in the US. “What we see is in terms of expansion, they are focusing on China. For the US, it is more likely an opportunistic move given cheap stock price,”
See all stories on this topic »

China May Double Solar Goal, US Falls to Third in Clean Energy
GetSolar.com (blog)
This news comes after a report released yesterday found that, in terms of clean energy investment, the United States has slipped to third place behind China and Germany. Worldwide clean energy investment and finance has grown 630 percent since 2004.
See all stories on this topic »

Sen. Boxer: Halting CO2 regs. helps China
UPI.com
WASHINGTON, March 31 (UPI) — Halting the first-ever nationwide greenhouse-gas emissions regulations will help China dominate clean-energy technology, a Democratic US senator said. Senate legislation to be voted on that would permanently block the US
See all stories on this topic »

Healthcare Reform in China and the US: Forum examines similarities
PhysOrg.com (press release)
“Now China and the US are facing the same challenge: to push healthcare reform forward. Our two countries need to share knowledge and experiences with each other, and to learn from each other,” says Yu Hai, MD, PhD, director of China Medical Board
See all stories on this topic »

India’s population equals US + Indonesia + Brazil + Japan + Bangladesh + Pakistan
GlobalPost
Census commissioner C Chandramouli said India’s population was now nearly equal to the combined populations of the US, Indonesia, Brazil, Japan, Bangladesh and Pakistan, Al Jazeera reported. China has 1.34 billion people, leading to the United Nations
See all stories on this topic »

Singed by the Dragon
Wall Street Journal
But the Philippines’s history of cozying up to Beijing goes back further, and is consistent with the balancing act Southeast Asian nations have practiced in the last decade between the US and China. Renata Cruz de Castro of De La Salle University
See all stories on this topic »

Citing India, China Demand, Obama Calls for Reducing Oil Appetite
Daijiworld.com
Washington, March 31 (IANS) Saying demand from growing economies like India and China was likely to force gas prices up, US President Barack Obama has announced a goal to cut US reliance on foreign oil by one-third by 2025.
See all stories on this topic »

What a cyberwar with China might look like
Computerworld
The conflict ends 55 days later in a standoff between the US and the Chinese navy, with a general war being avoided, and Singapore retaining its independence. But it’s the first truly full scale cyberwar launched against the US by China, and it’s very
See all stories on this topic »

Middle-Class, “Middleweight” Cities To Drive GDP Growth In Next 15 Years
The Business Insider
This future generation living in places such as China, Latin America and South Asia should drive the demand for goods and services, housing and transportation that extend beyond the basic necessities of life. In McKinsey Global Institute’s recently
See all stories on this topic »

U.S. Drops to Third Spot in Clean-Energy Investment
Your Daily News Fix (blog)
The US, which held the top place in 2008 and the second place in 2009, was overpowered by China and Germany. The report showed that the United States made a total of $34 billion in private investments in clean energy last year.
See all stories on this topic »

US, China expand cooperation on peaceful uses of Nuclear Technology
Your Nuclear News (press release)
The National Nuclear Security Administration (NNSA) and the China National Energy Administration today announced that they have agreed to continue expanding cooperation between the United States and China on nuclear security issues.
See all stories on this topic »

RA. ONE brings US, London, Paris, China & Bangkok closer
GlamSham
Every visual effects company comes with its own speciality,” continues the source, “A lot of outsourcing has happened to as many as three companies in USA and India each with London, Paris, China and Bangkok contributing as well.
See all stories on this topic »

China leads challenge to “scientific superpowers”
Reuters
By Kate Kelland, Health and Science Correspondent LONDON (Reuters) – China and other emerging nations such as Brazil and India are becoming leaders in science to rival traditional “scientific superpowers” like the United States, Europe and Japan,
See all stories on this topic »

Currency Moves Highlight Global Divide
Wall Street Journal
By ARRAN SCOTT And JIEUN SHIN SINGAPORE—South Korea and Malaysia were believed to have intervened to slow the rise of their currencies Thursday, as China set the yuan at a record high and the US and France called for more exchange-rate flexibility
See all stories on this topic »

Rusal triples annual profits in 2010 to US$2.87 billion on strong demand
China Post
MOSCOW — The world’s top aluminum producer, Russia’s Rusal, announced Thursday that its net profits more than tripled in 2010 to US$2.87 billion, due to growing demand for the metal, particularly in China. Rusal saw its profits grow from US$821
See all stories on this topic »

US: Gap inks e-commerce tie-up with Taobao Mall
just-style.com
US apparel giant Gap Inc has announced launching on Chinese e-commerce website Taobao Mall in a bid to boost its online presence in the country. Gap said Taobao was the most trafficked e-commerce site in China, and that the tie-up showed its long-term
See all stories on this topic »

Is Serious Inflation About To Rear its Ugly Head?
MainStreetMonroe.com
The Federal Reserve then sells these US Treasury bonds to investors, other nations (such as China) or sometimes they “sell” them back to themselves. In fact, the Federal Reserve has been gobbling up a whole lot of US Treasuries lately.
See all stories on this topic »

US drives global equity fundraising in Q1
Reuters
US issuance accounted for $66.5 billion, or 35 percent, of the capital raised, according to Thomson Reuters data. Asia in recent years has dominated equity fundraising. In the first quarter, China, excluding Hong Kong, was only the second most-active
See all stories on this topic »

China Yuchai International Announces Unaudited 2010 Financial Results
PR Newswire (press release)
Total net profit attributable to China Yuchai’s shareholders was RMB 461.7 million (US$ 69.7 million), or earnings per share of RMB 12.39 (US$ 1.87), compared with RMB 195.6 million (US$ 29.5 million), or earnings per share of RMB 5.25 (US$ 0.79) in
See all stories on this topic »

Strategist: Guam in reach of Chinese missiles
ArmyTimes.com
Despite Mahnken’s testimony, Bordallo said in a statement Wednesday: “There is no specific threat from China against US interests in Guam. The re-posturing of US military forces in the Pacific seeks to realign our forces to better respond to a variety
See all stories on this topic »

Boeing CEO: WTO Ruling ‘Dramatic Victory’ For The US
Wall Street Journal
More importantly, he said such rulings will help US firms and government officials when pressing emerging economies to abide by international rules. “We know China’s coming and we are trying to encourage where the bright lines are drawn and where they
See all stories on this topic »

China Nudges World Closer To New Gold Standard
Forbes (blog)
China and other countries might exchange their US dollars for it now.” Indeed, China is quietly building its gold reserves. They totaled 600 metric tons in 2004. Then in April 2009 came an announcement they’d grown to 1054 metric tons.
See all stories on this topic »

Synthesis Energy Systems Announces $83.8 Million Investment by China Energy
PR Newswire (press release)
signed an agreement with China Energy Industry Holding Group Co., Limited (“China Energy”), for a cash investment of approximately US$83.8 million to support the Company’s business strategy in China, including project development and investment.
See all stories on this topic »

US grain and soy review: Soy climb; lower screage rorecasts
CattleNetwork.com
The market was also impacted by speculation China was looking to Argentina for corn supplies instead of the US, Nelson said. Corn futures had rallied in previous weeks on chatter about US sales to China that had driven prices up 14%.
See all stories on this topic »

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: