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U.S. China News 2011.04.04

Mon, April 4, 2011

US Commodities Day Ahead: Lead Advances to Three-Year High
China is beating the US in the race to supply clean- energy technologies to the world, helped by a government bank whose advisers include Henry Kissinger. Tokyo Electric Power Co. credit-default swaps show that while shareholders may be wiped out by
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China Fleet Is Opportunity for US Electric Car Companies
Right now, many are looking to China to find markets for their technology. Perhaps this will help them get some business here in the US as well. Companies see fleets as the real pot of gold at the end of China’s electric vehicle rainbow.
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China stocks rally in HK on US jobs report (blog)
Sound jobs creation accompanies by GDP growth seems to pave the way for additional gains for US equities. If components of the Hang Seng Index (INDEXHANGSENG:.HSI) can serve as proxy for ADR trading, outlook is best for Guangshen Rail (NYSE:GSH), China
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US group takes over Estonian rare earths processor
TALLINN — US group Molycorp has bought out Estonia’s Silmet, one of only two rare earth processors in Europe, the latter’s director told AFP Monday, amid concerns over China’s stranglehold on the crucial metals. David O’Brock said that Colorado-based
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Trade talk: The US and China (blog)
When former Ambassador John Veroneau took the podium at the Lou Frey Symposium April 4 to talk about the relationship between the US and China, he apologized for being optimistic. That’s because in talking about the economic connections between the two
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SEC probing fraud at US-listed foreign companies
Chicago Tribune
Since January 2007, Aguilar said there have been 600 backdoor registrations of this nature by foreign companies, 150 of which are based in China. He said there is concern that US accounting firms are signing off on the companies’ statements without
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Public schools woo foreign students to boost ranks
San Francisco Chronicle
Minzhe Zou has credited his year at the public school with helping him get accepted to five US colleges. Northern Maine is 7000 miles and a world away from China, but that’s not stopping a school superintendent from recruiting Chinese students to
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China accuses U.S. car makers of unfair practices
By Chris Oliver HONG KONG (MarketWatch) — China’s Ministry of Commerce said in a preliminary ruling announced over the weekend that US car makers were subsidizing China shipments of sedans and sport-utility vehicles with engines larger than 2.5 liters
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5 Highest-Rated China Stocks (blog)
So I ran a screen of companies based in China with American Depositary Receipts (ADRs) trading on US exchanges. Here are the results for TheStreet Ratings’ five top-ranked Chinese stocks based on a quantitative equity model.
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China NT Pharma plans to raise upto US$275 mn via IPO: report
China NT Pharma Group Co is planning to raise up to US$275 mn in an initial public offering ahead of its listing in Hong Kong on April 20, according to a report. The report stated that the company aims to sell 357.032 mn shares at an indicative price
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China issues initial ruling on US auto dumping case
Gasgoo automotive news
Xinhua (Beijing) – China’s Ministry of Commerce (MOC) on Saturday issued a preliminary ruling saying the United States had dumped sedans and cross-country vehicles with engine displacements of 2.5 liters and above on the Chinese market, and that the US
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TSX rises as Chinese Minmetals makes hostile bid for Equinox Minerals
Toronto Star
The Canadian dollar was down 0.21 of a cent to 103.48 cents US. China’s Minmetals Resources Ltd. is launching a C$6.3 billion hostile bid for Toronto-based miner Equinox Minerals (TSX: EQN). Minmetals said it will offer $7 per share, which represents a
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10 Companies That Will Save The American Economy: 24/7 Wall Street
Huffington Post
That is in part the basis of the argument that China’s Gross Domestic Product will pass America’s sometime before the middle of the century. China’s rising population will continue to push its GDP growth higher. The same thing happened to the US from
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US firms eye railways, airports in Indonesia, official says
the United States is trying to improve ties with the world’s most populous Muslim country, including through investment and by boosting bilateral trade of $23 billion a year, which is two thirds of Indonesia’s trade with China.
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Stocks in US Fluctuate as Takeover Optimism Offsets Slump in Technology
Newmont Mining, the largest US gold producer, added 1.5 percent to $55.17. Freeport-McMoRan Copper & Gold Inc. (FCX), the world’s largest publicly traded copper producer, gained 0.7 percent to $55.48. Minmetals, the Hong Kong unit of China’s biggest
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Electric Vehicles: Where Do the Emissions Go?
Huffington Post (blog)
Both the US and China have pledged to put 1 million electric vehicles on the road in the next decade (see here and here), citing the environmental and energy security benefits of this technology. But are electric vehicles really better for the
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Default-Swap Trades Double on Government Debt: Australia Credit
China surpassed the US and Japan to become Australia’s largest economic partner as bilateral trade quadrupled over the past seven years to A$97.6 billion ($101.4 billion) in 2010, according to government data. The People’s Bank of China said last month
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U.S. report: we’d lose potential cyberwar with China
GlobalPost (blog)
People’s Liberation Army (PLA) Navy special force members stand on the deck of China’s Task Force 525 flagship missile frigate Ma’Anshan. (TED ALJIBE/AFP/Getty Images) Killing US military communication networks, deading satellites, sending bogus orders
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China Lion roars into North America
“Joining forces with China Lion is an exciting endeavor for us as we delve into a new film market and leverage New Video’s physical and digital platforms to reach new audiences,” said New Video’s acquisitions VP Mark Kashden. China Lion CEO Milt Barlow
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Most Creative Way To Shame Your Office of Career Services
Above the Law
Usually when the top US or UK firms in HK / China are considering an expat / cola raise, they will contact Robert Kinney, Alexis Lamb, Yuliya Vinokurova and / or me for information on other expat / cola allowances in the markets, recent changes we have
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US automakers accused of dumping vehicles
Experts said the ministry’s move is in accordance with World Trade Organization (WTO) rules, and the conclusion will cause limited harm to the US automotive industry. Zhou Shijian, a senior researcher on ChinaUS relations at Tsinghua University,
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U.S. Clean Energy Lead Slips: Pew Report
That’s why China, India, Germany and Italy got so much financial attention last year. Meanwhile the US and the UK, who were accused of having rather “ambiguous” policies, saw potential funds going elsewhere.
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China Considers Easing “One Child” Population Control Policy
The New American
In an attempt to highlight China’s murderous and repressive population policies, US Representative Chris Smith (RN.J.) has challenged the United Nations on its supposed commitment to protect the rights of women, calling on UN Secretary-General Ban
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IShares Offers New Dividend-Focused and China-Equity ETFs
By Robert Goldsborough | 04-04-11 | 06:00 AM | E-mail Article On March 31, iShares launched two exchange-traded funds targeted at investors interested in a broad China fund and in US companies generating healthy dividends. Robert Goldsborough is an ETF
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After the disaster, better ties?
The Japan Times
With Japan the second-largest holder of US Treasury bonds, after China, there is also worry on the US side that Japan may be forced to dump some of those bonds to pay for a reconstruction effort that will be in the tens of trillions of yen.
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China Logistics Group Reports Financial Results for the Full Year of 2010 (press release)
China Logistics Group, Inc. is a US company doing business in China through its 51% ownership in its subsidiary Shandong Jiajia International Freight & Forwarding Co., Ltd. (Shandong Jiajia). Established in 1999; Shandong Jiajia is an international
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GTSO: China Announces New Caps on Rare Earth Production
Business Wire (press release)
GTSO is working to fill the gap by developing new sources of rare earths inside the US and Mongolia. China’s Ministry of Land and Resources said last week that the Asian superpower will cap the total output of rare earth oxide at 93800 tons this year.
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Swiss Accounting Firms to Get U.S. Oversight
Wall Street Journal
But he said the board “continues to meet resistance” to inspections in China. That inability to inspect Chinese audit firms constitutes “a gaping hole in investor protection,” he said, given the growth in Chinese companies listing in the US.
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Stink Bugs Making Their Way Across The US
Personal Liberty Digest
The bugs came to the US from China, Japan and Korea and began showing up in 1998 in Pennsylvania. Since then they’ve been spotted in all across the country, except for the Rockies and Plains States, and most recently they’ve made their way into
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Glaxo in Talent War Amid Emerging-Market Race With Pfizer
outstripping market growth of 15 percent and helping to offset declining revenue in the US and Europe, according to a company presentation. Glaxo’s definition of emerging markets includes China, India, Mexico, Latin America, Africa, the Middle East
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US Workers Declare Employers’ Dedication to Environment as Important as Profit
Marketwire (press release)
“In opening new facilities in both the US and China, Interface is taking into account its overriding global business objectives aligned with the Mission Zero commitment, which our global employee base lives out on a daily basis.
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US, EU agree to principles for information tech trade
The joint vision, which includes a call for the free flow of information across borders, positions the world’s biggest trading partners to spread their standards ahead of competition from rising telecommunications powers such as China.
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Shiner International Appoints Adam Liu as Corporate Secretary
PR Newswire (press release)
Mr. Liu has nearly three decades of international sales, management, communications and project development experience in the US and China. Prior to joining Shiner, he was Executive Manager of Asian market sales at Roymal, Inc., a manufacturer of
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Asia’s appetite, US ethanol drive up food costs
Montreal Gazette
China saw food inflation top 10 per cent in January. Experts predict that prices for farm products will stay up. That marks the coming end of an age of agricultural food surpluses – and of cheap food. “More of the world is living like us,” said Bruce
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MARKET WATCH: US light, sweet crude briefly tops $108/bbl
PennEnergy- Energy News (press release)
Separately, positive economic reports from the US and China also provided indications of increasing oil demand. The US unemployment rate dropped one tenth of a percentage point to 8.9% in February, the Department of Labor’s employment survey showed.
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Personal wealth growing rapidly in China
PR Newswire (press release)
and it’s clear why the Chartered Strategic Wealth Professional program is both relevant and timely in China.” The total value of Chinese households’ wealth is 16500 billion US dollars, according to the Credit Suisse’s Global Wealth Report,
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Merletti Partners International Forms Strategic Alliance with Rose Rock
PR Newswire (press release)
Led by Lewis C. Merletti, former Director of the United States Secret Service, the management team includes former law enforcement executives and physical security experts from both the United States and China. With global headquarters located in
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NeoStem to Present at 10th Annual Needham Healthcare Conference on Tuesday
PR Newswire (press release)
NEW YORK, April 4, 2011 /PRNewswire/ — NeoStem, Inc. (NYSE Amex: NBS), an international biopharmaceutical company with operations in the US and China, announced today that Dr. Robin L. Smith, Chairman and CEO of NeoStem, will present at the 10th
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Asia’s Banking Bonanza: Resource Deals
Wall Street Journal (blog)
Underscoring the depth of Asia’s interest in acquiring mining, energy and other resources, China’s Minmetals Resources Ltd. said Monday it intends to offer 6.3 billion Canadian dollars (US$6.5 billion) for Australian-based copper-miner Equinox Minerals
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Speakers’ Corner : US aviation policy needs refocus for more competitiveness
Travel Daily News International
China and India will surely soon recognize that the system designed in 1945 is not fit for purpose in this millennium. The choice for the US and Europe is to lead, change, or to be left behind. I have not completely lost hope in a US policy agenda
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China SHESAYS Medical Cosmetology Inc. Announces 2010 Results
PR Newswire (press release)
and complemented by the expansion of our outpatient clinics, which enable us to gain additional market share in Sichuan province and achieve record sales for the year,” commented Yixiang Zhang, Chairman and Chief Executive Officer of China SHESAYS.
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IFR-Unilever chooses offshore yuan bonds over panda paper
First, Unilever needs funding to achieve the goal of increasing its business in China fivefold in the 10 years from 2009. Its annual Chinese sales now stand at around US$1.4bn. Second, the group already has a big domestic operation in Unilever China
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IFR-China corporate bonds hop on the fast track
SIPG sold a Rmb5bn (US$750m) five-year non-put three corporate bond at 4.69%, towards the middle of guidance of 4.50%-5.0%, last Wednesday. The deal has an AAA rating and Guotai Junan as lead. It is the first deal to be approved via a new China
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Global demand spurs need to cut US oil imports: DOE official
“What’s different is that if you look at the growth of other economies, like China and India, which was not there in President Nixon’s time, I think the demand for oil is going to go up, and that [oil] prices in the future will likely on average go up
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US trails in coping with environmental change
Salisbury Post
Referring back to his contention that the United States is lagging behind in proceeding with green technology, Walters said “China is beating the pants off us.” The country has now surpassed Great Britain in the number of scientific papers published
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How to Profit on the NatGas Rebound
If that gas doesn’t find a ready market here in the US, you can be sure it will find a home in the energy-hungry emerging markets of Asia. China’s central government has targeted a countrywide fuel mix that increases natural gas’s share to 10% by 2020.
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