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U.S. China News 2011.04.08

Fri, April 8, 2011

US falls behind China in wind power
Reuters
That dropped the United States behind China in total installed capacity, as China added 18900 MW to become the global leader with nearly 45000 MW of installed capacity. The United States has about 40000 MW of capacity, enough to power more than 10
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China Automotive allays accounting concerns
Reuters
The company is one of several China-based firms such as Duoyuan Printing Inc DYP.N and China MediaExpress (CCME.O) whose US shares have been hit by accounting concerns, shareholder lawsuits or regulatory probes. China Automotive Chairman Hanlin Chen
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US Human Rights Report Raps China, Iran, Belarus
Voice of America
The report included sharp criticism of the human rights records of China, North Korea, Cuba and Belarus, among others. The report nominally covered human rights in 2010. But it did not ignore the so-called Arab Spring democracy protests this year in
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Small Business Moves Garage Flooring Production from China to U.S.
PR Web (press release)
Manufacturing products in China may seem cost-effective and economical at first, but that is not always the case. Marvin Solano, President of ModuTile, says that manufacturing products in China may seem cost-effective and economical at first,
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China’s Renminbi at Record High for 5th Day Despite Stronger US Dollar
Business China
April 8, China’s renminbi surged to its highest level on Friday for the fifth straight trading day despite the US dollar’s strength. The continuous uptrend of the Chinese currency bolsters expectations that China is aiming to use exchange rate as a
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US Should Take New Look at Old Export Controls
The Business Insider
The US Cold War-style mentality, they argued, is the main thing standing in the way of more balanced trade. Most experts consider the Chinese argument to be overblown. They estimate the annual amount of sales to China blocked by US export controls at
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US should press China on rights crackdown, Ai detention
CPJ Press Freedom Online
New York, April 7, 2011–With China in the midst of a sweeping crackdown on public dissent, US Secretary of State Hillary Clinton should follow the example of Britain and Germany and call for the immediate release of detained artist and social critic
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US 3M company plans new plant in China to produce green energy products
People’s Daily Online
The 3M corporation will invest one billion yuan (about 152.8 million US Dollars) to build a plant in Hefei, a city in east China’s Anhui Province, to produce new energy products, including solar photovoltaic materials, authorities said Thursday.
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China continues to demonize Dalai Lama, says US report
MSN India
Washington, Apr 8 (PTI) Maintaining that there is no let up in human rights violations in China, the US today accused Beijing of demonizing the Dalai Lama and committing atrocities against the Tibetan people. “In China, the government continued to
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Heineken Should Target China, Not Latin America
Seeking Alpha
Despite the report, I think Heineken has to focus on China. China’s beer industry is the largest in the world by production volume. In 2009, China’s beer production increased by 4.9 percent to 43 billion liters, up five percent from 41 billion liters
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US to spend millions on pro-democracy technology
Inquirer
By Spencer Dalziel THE US GOVERNMENT plans to spend a fortune on technology to aid pro-democracy movements in China and the Middle East. The US is investing in technologies designed to support pro-democracy activists and has budgeted $50 million over
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Clinton urges China to free activists
AFP
WASHINGTON — US Secretary of State Hillary Clinton on Friday urged China to free dozens of government critics rounded up this year and said the Asian power’s human rights record has been worsening. The State Department’s annual survey said that China
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U.S. exports rise on soaring Chinese demand amid trade deficit
Empowered News
There has been growing concern about the negative impact on US jobs and competitiveness because of the trade imbalance with China. Yet China is now the fastest-growing recipient of US exports according to the USChina Business Council.
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Wal-Mart says will work with S.African suppliers
Reuters
On Wal*Mart’s China web page under “About Us.” “Wal-Mart China persists in local procurement which provides more job opportunities, supports local manufacture industry and promotes local economy. So far, 95% of merchandising sold at Wal-Mart China
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China to build US$1.2bn Pakistani hydropower project
Industrial Fuels and Power
China International Water and Electric Corporation (CIWE), part of the Three Gorges Corp, has concluded an agreement with Pakistan’s Associated Technology Ltd (ATL) for the construction of the 720MW Korrak hydropower project. The US$1.2bn plant will be
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Huntsman: Going Out with a Bang
Fox News (blog)
The United States is China’s second-largest trading partner and China is now the third-largest trading partner for the United States. Former US Ambassador to China Stapleton Roy explains, “Our trade relationship with China affects every aspect of the
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US warns of gov’ts trying to control the Internet
The Associated Press
technologies “designed to repress speech and infringe on the personal privacy of those who use these rapidly evolving technologies.” The report released Friday singles out countries such as Saudi Arabia, Sudan, Vietnam and China as egregious examples.
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5 Miners to Consider Today With Rare Earths Soaring
Seeking Alpha
Recently the governments of both China and the US have begun stock piling rare earth metals. China has been building up strategic reserves of rare earths for months, having gone as far as to pass a tax on shipments of rare earth metals starting April
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Just Campaigning
Huffington Post
GE now has more than a dozen growth teams in China and India. The Harvard article is headlined “How GE Is Disrupting Itself.” The article has Immelt responding to an Indian team manager concerned with a US problem: “I don’t even want to talk to you
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India’s new non-alignment: Trilateral dialogue with Japan and US
Indian Express
Delhi’s power play comes days before Prime Minister Manmohan Singh heads to China to attend a summit of the BRICS—Brazil, Russia, India, China and South Africa. Delhi’s decision to initiate a new trilateral forum with Japan and the United States
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US rink eliminated from playoffs
Duluth News Tribune
The United States‘ Pete Fenson rink was eliminated from playoff contention after being edged 5-4 by China at the Ford World Men’s Championship on Wednesday night in Regina, Saskatchewan. “I thought we were playing good and had control of the game,
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BRIC economy to surpass US by 2015: Study
Economic Times
Estimated on the basis of current market exchange rates, the BRIC (Brazil, Russia , Indian, China) grouping would make up about 22 per cent of the world economy by then, said the Annual Report on BRICS’ Social-Economic Development (2011),
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Push into US boosts sales for Cavalier
Stuff.co.nz
Late last year the company said less than 3 per cent of its $220m revenue in 2010 was from exports outside Australasia, but managing director Wayne Chung said he was hoping to change that in the future, moving into the United States, Canada and China.
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US highlights pre-uprising rights abuses in Mideast
AFP
“In Russia, we’ve seen crackdowns on civil society groups turn violent, with numerous attacks and murders of journalists and activists,” the chief US diplomat said. In China, she said the United States is “deeply concerned about reports that since
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US says cannot predict how Mideast revolts play out
Reuters Africa
Presenting the more than 7000-page report, US Secretary of State Hillary Clinton said she was “deeply concerned” by reports that China has detained dozens of people, including lawyers, writers, artists and activists, since February.
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US Report Sees ‘Explosive’ Growth in Demand for Democracy
Bloomberg
Secretary of State Hillary Clinton, speaking at the State Department, said the US is “particularly disturbed” by crackdowns on democracy activists. She cited arrests of dissidents in such countries as China and Venezuela.
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IN BRIEF: Social Network Kaixin001.com Plans to IPO in the US as Facebook
DigitalEastAsia.com
US investors are undoubtedly eager to invest in strong Chinese tech companies but they usually aren’t so familiar with the nuances of the competitive market conditions in China. With Facebook entering the market there is likely to be second thoughts on
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Introduction To The Chinese Banking System
San Francisco Chronicle
Foreign banks were also allowed to establish branches in China, and to make strategic minority investments in many of the state owned commercial banks. The banking structure in the United States is generally a mix of both privately owned and
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Zimbabwe: Trade Deficit Widens
AllAfrica.com
During the period under review, imports amounted to US$5,7 billion against exports of US$3,2 billion. Major sources of imports to Zimbabwe were South Africa, United States of America, China, Mozambique and the United Kingdom. The country imported goods
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LDK Solar Expands into Sapphire Wafer Business
PR Newswire (press release)
LDK Solar’s headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People’s Republic of China. LDK Solar’s office in the United States is located in Sunnyvale, California.
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China says famed artist faces economic charges
BusinessWeek
On Wednesday, in a critique of China’s human rights record, outgoing US Ambassador Jon Huntsman saluted Ai and other activists who “challenge the Chinese government to serve the public in all cases and at all times.” “The United States will never stop
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Clean energy offers equal parts peaks and pitfalls for invest
The National
A China Clean Energy Inc. employee pushes a barrel past storage tanks at the company’s facilities in Fuqing. China Clean Energy Inc., a US-listed company which makes biodiesel and chemicals from used cooking oil, has halted production of the
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Wuxi Greenapple Awards CER Additional $3 Million (US) Contract for New Plant
PR Newswire (press release)
the good will and regard of industrial manufacturers operating in key industry sectors in China and the rest of the world.” To date, the total value of CER’s announcements for contract deliveries in fiscal 2011 and 2012 exceeds $128 million (US).
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SHAO JIE HUANG v. ATTORNEY GENERAL OF U.S.
Leagle.com
Huang is a citizen of the People’s Republic of China and is from Fujian Province. He arrived in the United States in May 2007. In September 2007, he applied for asylum, withholding of removal, and relief under the Convention Against Torture (“CAT”).
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IPad Dominates China, but the ‘Happy Pad’ Takes Aim
PCWorld
The name translates to “Happy Pad” from Chinese to English, and it is just one of several tablets taking aim at Apple as China’s tablet market gets more crowded. US-based companies Motorola and Dell are also planning to launch tablets in China within
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Do the Math — Lower Corporate Tax Rates = More Jobs, Growing Economy
Fox News
The February unemployment rate dipped slightly below 9 percent to 8.9 percent, according to the US Bureau of Labor Statistics, with nonfarm payroll increasing by 192000 jobs. But before we pop the Champagne and toot our patriotic Made-in-China horns we
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China under pressure over Saudi rise
Asia Times Online
If Israeli Prime Minister Benjamin Netanyahu persists in his usual policy of defiance, China enjoys the favorable contrast between its conciliatory policies and Israel’s intransigence, inevitably abetted by the United States. If Israel is stampeded to
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U.S. Corn Prices Likely To Curb Export Demand First
Wall Street Journal
The demand is there,” said Tom Sleight, vice president of operations and membership for the US Grains Council, which promotes grain exports abroad. China remains a question mark in the export market due to uncertainty about the size of its reserves and
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Michaud Presses for National Manufacturing Strategy
MPBN News
Michaud says if the US is going to compete against nations like China, the country needs a comprehensive roadmap that will lead to increased capacity and more jobs. “What should the American manufacturing look like?” Michaud asked colleagues yesterday.
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Active Leisure recalls 19000 tents
BusinessWeek
The US Consumer Product Safety Commission said Thursday that Active Leisure has voluntarily recalled 19000 tents because of fire hazard issues. Active Leisure, based in China, recalled its 10-foot by 10-foot folding canopy tents with item number 544803
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U.S. Commodities Day Ahead: Gold at Record on Dollar, Inflation
Bloomberg
Equinox Minerals Ltd., subject of an unsolicited C$6.04 billion ($6.3 billion) offer from China’s Minmetals Resources Ltd., said the proposal is “opportunistic” and aimed to thwart Equinox’s bid for Lundin Mining Corp. Gold may extend gains from a
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