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U.S. China News 2011.04.01

Fri, April 1, 2011

Yen Falls 7th Day as China, U.S. Data Seen Backing Recovery
San Francisco Chronicle
US employment rose for a sixth month, increasing by 190000 in March, according to a Bloomberg News survey of economists before the Labor Department report today. China’s Purchasing Managers’ Index increased to 53.4 in March from 52.2 in February,
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Wheat Soars as La Nina’s Persistence Threatens Harvests From China to US
Sustained dry conditions in China and the US will parch crops that have already deteriorated in Texas and Oklahoma and that are developing in northern China, BWS and DTN said. “Weather is going to be key,” Sudakshina Unnikrishnan, an analyst at
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Oil rallies on China PMI, US jobs data
Proactive Investors UK
China is the world’s second largest energy consumer behind the US. In addition to that, today’s non-farm payrolls data from the US Department of Labor turned out to be better than expected. The department said that payrolls increased by 216000,
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China military document bares jitters over US
Times of India
China is pursuing) an effective way to maintain national security and development and safeguard regional peace and stability,” the document said. It voiced concern over moves to contain its power and the US attempts to enhance influence in the region.
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Trichet silent on bank crisis as US and China differ on currency
Irish Times
THE US and China traded guarded criticisms over currency issues at a Group of 20 financial seminar in the Chinese city of Nanjing, with US treasury secretary Timothy Geithner saying tightly controlled exchange rate regimes were the main flaw in the
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Seoul faces strategic dilemma between US, China
Korea Times
“Seoul can host ‘1.5 track’ meetings among South Korea, China and the US participants. Perhaps universities are in a more convenient position to host such meetings,” said Shin. The “1.5 track” means meetings that include both government officials and
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METALS-Copper edges up 0.3 pct; eyes on China PMI, US jobs data
Reuters Africa
Looking ahead, after the HSBC China PMI survey, are US non-farm payrolls. * The market is getting bullish, looking at a rise of around 190000 new jobs. Some in the market are looking for even bigger numbers. Adding to the mix there is a two-day Chinese
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Senate mission urges USChina co-operation on Tibet
By Matthew Pennington WASHINGTON — A rare Senate staff mission to Tibet has recommended the US work with China for the economic development and cultural preservation of the region, which was wracked by anti-Beijing riots three years ago.
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Looking Ahead to Tomorrow’s Global Session: NFP, Manufacturing from China, US
by Nick Nasad – FXTimes | View company’s profile The end of the week will be a busy one as we get manufacturing data from China, the US, and the UK along with Japan’s quarterly Tankan Manufacturing Index. In Europe we continue to have these battling
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US aims to pass China, Germany as exporter-Eximbank
WASHINGTON, March 31 (Reuters) – The US government has become more aggressive in financing exports to help the United States move ahead of China and Germany to become the world’s largest exporter of manufactured goods, the head of the US Export-Import
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Most Asian Stocks Advance as Materials, Energy Firms Climb on China’s PMI
“Investors are sitting on the sidelines, waiting for the US jobs data due out tonight,” said Manpreet Gill, Singapore- based Asian strategist at Barclays Wealth. “It’s premature to raise interest rates in the US as the labor market is recovering very
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Spence, El-Erian on Europe, US, Japan and China
and professor of economics at New York University’s Stern School of Business, and Mohamed El-Erian, chief executive officer of Pacific Investment Management Co., talk about the European debt crisis and the economies of the US, Japan and China.
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US seeks reduced cross-strait tensions
Taipei Times
By William Lowther / Staff Reporter in WASHINGTON Washington is seeking to reduce “military tensions and deployments” between Taiwan and China, US Assistant Secretary of State for East Asia Kurt Campbell told a congressional subcommittee on Thursday.
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China passes US in competitive lawn mowing (blog)
The Economist, as its April Fool’s joke, put out a “Very Important Media Advisory” this morning, an unusual move for the staid publisher of articles and opinion on international news, politics, business, finance, science and technology.
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US jobs report pushes oil up, stronger dollar keeps crude gains moderate
The Canadian Press
NEW YORK, NY — Oil prices hit a new 30-month high on Friday after the world’s top two oil consumers, the United States and China, issued positive economic reports that could lead to increased demand. The US said its economy added 216000 new jobs last
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Promotional Products and Custom Labels Made in the USA, Not China
Online PR News (press release)
—Most companies in the 1990’s moved their production to China and it has continued ever since, leaving fewer manufacturing jobs in the USA. In fact, Diane Sawyer in February 2011 did a television expose on the dearth of USA made products in the
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US Ties with Taiwan Questioned
Radio Free Asia
“We urge the United States to … stop selling arms to Taiwan and take concrete actions to support the peaceful development of cross-Strait relations. This is very important in upholding the overall interests of ChinaUS relations,” Foreign Minister
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Manila to seek life terms for drug mules in China
BusinessWorld Online
THE GOVERNMENT will pursue the commutation of sentence for other convicted drug mules in China, even as the US has backed Philippine efforts against death penalty. This following the meting out of the death sentence to three Filipino drug mules on
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Indiana Geological Survey is key partner in USChina Clean Energy Research Center
Indiana University
BLOOMINGTON, Ind. — The Indiana Geological Survey, a research institute of Indiana University, has been chosen as one of the US partners in the USChina Clean Energy Research Center (CERC), an international research collaboration. The USChina Clean
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US worried about China rights trend
Campbell said that the United States and China would hold the next round of Strategic and Economic Dialogue, a key forum between the world’s two largest economies, in May in Washington. The annual talks are led by Clinton and Treasury Secretary Timothy
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China’s Huawei Still Seeking US Inroads
Investor’s Business Daily
“Huawei is not wavering on US efforts,” said UBS analyst Nikos Theodosopoulos. China’s Huawei has grown to become a global power in communications gear, but not in the US market. View Enlarged Image One of China’s biggest high-tech exporters,
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US wants to use India in missile shield against Russia, China
The Hindu
The United States has been trying to rope in India for its plans to build a global missile defence system threatening Russia and China, the Komsomoloskaya Pravda, a popular Russian daily published from Moscow reported on Thursday.
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US supports Philippines after China executes drug trio
Australia Network News
The United States has given its support to the Philippines after China executed three Filipinos on drug charges in defiance of repeated appeals. Assistant Secretary of State for East Asia, Kurt Campbell, told the US Congress it is unusual in Asia for a
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Indians among top three new US green card holders
ranked third after Mexico and China in a list of countries whose nationals were among over a million people who received legal permanent residence status (LPRs), popularly known as green cards, in the US last year, according to official figures.
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Symposium to discuss about healthcare reform issues in the US and China
The symposium is being co-hosted by the Emory Global Health Institute, Zhejiang University School of Medicine and the China Medical Board. “Healthcare reform is one of the most critical and most challenging issues facing the United States and other
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Two track globe: Recovery out of step
New Zealand Herald
The fastest-growing countries – Argentina, China, India – are all in the developing world. The slowest are all European: Spain, Britain, France. The US ranks 12th among the 20 largest economies plus Argentina and South Africa.
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Trump: Foreign Interests ‘Decimating’ US
We have to do something about China.” Trump then turned his wrath on the Organization of Petroleum Exporting Countries saying, as in dealing with China, America lacks leadership willing to take a pro-US posture. “We have to do something about OPEC.
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Barron’s reporter says start with a hypothesis and keep testing
Reynolds Center
“Every week, it seems, a US-listed Chinese business admits fudging its numbers. The stocks have continued to suck. “Bankers, auditors and lawyers tell us that our story has been instrumental in convincing certain elements in the USChina financial
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US supports Philippines over China executions
WASHINGTON — The United States on Thursday voiced support for the Philippines after China executed three Filipinos on drug charges in defiance of repeated appeals. “I believe that this is something that we will want to support our Filipino friends on
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China May Raise Rates If ECB, Fed Do, Ex-PBOC Adviser Says
By Bloomberg News – Fri Apr 01 09:39:47 GMT 2011 China may be “more likely” to raise borrowing costs if the European Central Bank and the US Federal Reserve do so first, former China central bank adviser Fan Gang said today.
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Hong Kong shares may edge up, trade cautious ahead of US data
The benchmark Hang Seng Index finished Thursday up 0.3 percent at 23527.5 and up 2.1 percent on the first quarter, while the China Enterprise Index edged up 1.2 percent on the day and 4.9 percent in the first quarter. Analysts expect Hong Kong’s main
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China expands clean energy lead
China expanded its global lead in clean energy investments last year, and Germany surged ahead of the US to take the No. 2 position. The US was No. 1 in 2008, according to this annual ranking by the Pew Charitable Trusts. America’s competitive position
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Macau casino operator Sands probed by HK regulator
Hong Kong financial regulators are investigating a Macau casino operator controlled by US billionaire Sheldon Adelson’s Las Vegas Sands Corp. Sands China Ltd. said in a brief statement to the Hong Kong stock exchange that it’s being investigated by the
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China Govt Bonds Mostly Flat;May Fall On Higher PMI
By XiaoBing 2011-04-01 10:51:13 AM GMT +0800 ( US) – China government bonds are mostly flat, but may fall later as the country’s stronger official PMI will ease concerns over a sharp economic slowdown, says a Shanghai-based securities analyst.
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China Stock ETF Up On Improving Earnings As Yuan Sets New High Against Dollar
Barron’s (blog)
By Murray Coleman Funds tracking China’s stock markets are rising in pre-markets on improved quarterly profits reports as the yuan rose to its highest level against the US dollar under the current system. The iShares FTSE China ETF (FXI),
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GC China Turbine Corporation Reports Financial Results for Fiscal Year 2010
PR Newswire (press release)
As of December 31, 2010, GC China is in compliance with all the covenant requirements under this loan agreement., with US$4529880 (RMB30,000000) available from the loan facility for future withdrawal. In addition to the current 1.0MW two-blade wind
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On Libya, Russia Shows New, Non-Aligned Foreign Policy
Voice of America
In Soviet days, Russian diplomats routinely vetoed Security Council resolutions supported by the United States. By abstaining in its UN vote, Russia joined China, Brazil and India. Fyodor Lyukanov edits Russia in Global Affairs magazine.
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China releases rare earth quota for 2011
International Business Times
According to the US Geological Survey’s Mineral Commodities Summary, whereas till 1995 USA and China produced equal quantities of rare earths, today China produces approximately 97 per cent of the world’s rare earth. Of the 124000 tonnes of ore mined
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China revises up forex reserves
Straits Times
China’s massive US$183 billion trade surplus is a key irritant in its ties with other countries, notably the United States, despite the fact it narrowed for the second straight year in 2010. The country’s trade partners say Beijing’s tight grip on its
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Inside The Deal To Sell GM to China’s SAIC
MotorTrend Magazine (blog)
Why the Chevrolet Cruse and Buick Regal were on-sale in China long before the US Why the Buick LaCrosse was designed in China and why China is getting a Buick version of the Chevrolet Volt, along with a new plug-in hybrid Buick SUV.
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NeoStem Provides Results for 2010 and an Update on Recent Activities
PR Newswire (press release)
NEW YORK, April 1, 2011 /PRNewswire/ — NeoStem, Inc. (NYSE Amex: NBS) (“NeoStem” or the “Company”), an international biopharmaceutical company with operations in the US and China, is today providing unaudited results for 2010 and an update of recent
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Trade with China Is Good for the United States
National Center for Policy Analysis
Trade with China, like trade with the rest of the world, enlarges markets for US companies and blesses American consumers with more competition, innovation and lower prices, while promoting peace and spreading American influence and values abroad,
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Copper Prices Update: Prosper as Copper Becomes the “New Gold”
ETF Daily News (blog)
Today, China sits atop a paper Everest, with foreign-currency reserves worth more than $2.4 trillion. No public financial institution boasts that degree of financial-asset firepower. Of that total, more than $800 billion is held in US debt.
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UVU’s Kent Millington testifies at House sub committee
Daily Herald
A Utah Valley University leader was asked to testify before members of US Congress on Thursday about protecting American interests in China. Kent Millington, director of Utah Valley University’s Technology Commercialization Office and UVU’s
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Obama’s Business Guys
TIME (blog)
Our dollars for the most part go to China/India or OPEC countries. We are building China’s future. China is building more cities, larger than most any large city in the US. Some as I posted the other day are virtual ghost towns, but being maintained in
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