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U.S. China News 2011.04.13

Wed, April 13, 2011

A USChina M&A Cold War? Not So Fast
The Business Insider
Reuters has published a “Special Report” entitled: “The US and China Start An M&A Cold War.” You’d think that hyping something by calling it a special report would have been predicated with some decent research and logical thinking.
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RBA’s Stevens Sees China’s Share of Global GDP Approaching US
Bloomberg
By Michael Heath – Wed Apr 13 17:00:00 GMT 2011 China’s share of the global economy will surpass Europe’s in five years and approach the US’s in a decade, based on the Asian nation’s projected 7 percent annual growth, Reserve Bank of Australia Governor
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Apple soars in China while U.S. competitors falter
Ottawa Citizen
Much like in the United States, Apple in China has attained a certain corporate celebrity status — though on this side of the Pacific the affection comes with a particular Chinese intensity. Shoppers pose for pictures in front of Apple’s products and
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USChina rivalry still a mismatch
Asia Times Online
There is nothing that suggests China has any plans to challenge the US. China has made marvelous achievements in the past three decades through its “reform and opening up”, which started in the late 1970s. But China launched reform and opening up
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US committed to Taiwan’s defence; says decision on arms sales won’t be swayed
The Canadian Press
China severed military ties with the United States for several months last year over an arms sale. Washington has yet to respond to Taiwan’s request to upgrade its fleet of F-16 fighter jets, which if allowed could see USChina military ties cut again.
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China Cotton Buying Slows for US Sellers, Eastern Trading Says
Bloomberg
By Debarati Roy – Wed Apr 13 04:00:01 GMT 2011 China, the world’s largest cotton buyer, is reducing purchases of the fiber as demand slows and some mills delay orders, according to Eastern Trading Co., a US exporter. Eastern’s exports may drop to 1000
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World trade talks hinge on China, India, Brazil –US
Reuters
WASHINGTON, April 13 (Reuters) – The fate of long-running world trade talks depend on whether China, India and Brazil are willing to make a deal that will open their markets to additional foreign goods and services, US Trade Representative Ron Kirk
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China: US Human Rights Abuses Includes Online Porn
AVN News (press release)
By Tom Hymes BEIJING—The Chinese government has issued a report that takes a hard look at human rights abuses in the United States. Among many other gripes, China takes a very dim view of the fact that the US allows so much online porn to flow
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China’s role in realizing ‘Latin America decade’
Christian Science Monitor
The presidential hopscotch underscores the growing competition between the US and China for a foothold in Latin America. While the United States is an important partner, says the chief of the Organization for Economic Cooperation and Development (OECD)
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BRICs Said to Seek End to US, Western Europe Monopoly of World Bank, IMF
Bloomberg
China leapfrogged Japan at the end of last year to become the world’s biggest economy after the US following more than three decades of growth averaging 10 percent. India’s GDP expanded 8.2 percent in the fourth quarter of 2010, Brazil’s by 5 percent,
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China’s Beidou will challenge US GPS systems
Digitaltrends.com
Beidou is meant to replace US GPS systems that Chinese citizens currently use, and will also be a part of the country’s plan to provide government-created online mapping. In an effort to rival its foreign competitors, China is in the process of
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Experts Compare US, China Health Care
The Emory Wheel
“I find it quite interesting that even though China and the US have quite different health-care systems we have a lot of the same problems.” It featured numerous lectures and networking dinners for the participants to discuss their research and share
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China Out-Greening the US
Big Think
And, as in the US, China will rely on fossil fuels for many decades yet. China is both desperate and ambitious enough to try almost anything. Perhaps that’s why, most surprisingly, the Communist government is showing a greater willingness to adopt
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Brazil’s Embraer sells 35 jets to China for US$1.4 billion
Macauhub
The sale of the aircraft is worth a total US$1.4 billion and was made official during a visit by Brazil’s President Dilma Rousseff to China. China Southern Airlines has been using Embraer aircraft since 2004 and the E190 model arrived on the Chinese
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BC-US-Trade Deficit-Ahead of the Bell
BusinessWeek
Opponents of the administration’s trade policies contend President Barack Obama has not done enough to protect US workers from unfair foreign competition. Critics have focused on China’s refusal to allow its currency to rise more quickly in value
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China will overtake US by 2030
Air Cargo News
Looking further into the future, it is predicted that China will overtake the US and, with other emerging economies, dominate global trade by 2030, according to a PwC report. The report suggests that there will be four major developments that will
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METALS-Copper falls on US data, China concerns
Futures Pros
By Melanie Burton and Sue Thomas LONDON, April 13 (Reuters) – Copper reversed gains on Wednesday on concerns about demand after US auto sales fell and on reports China would move to quell inflation, lessening the country’s appetite for commodities.
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Ex-Ford engineer sentenced for trade secrets theft
Reuters
In December 2006, he accepted a job at the China branch of a US company, the US Attorney’s office said. On the eve of his departure from Ford and before he told the automaker of his new job, Yu copied some 4000 Ford documents onto an external hard
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Leading Business Group Releases Report to Congress on the US Economic and
Marketwire (press release)
WASHINGTON, DC–(Marketwire – April 13, 2011) – The USChina Business Council (USCBC) today released recommendations to Congress on the best way to manage the increasingly important economic and commercial relationship with China.
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U.S. schools look to China, elsewhere to boost ranks
Richmond Times Dispatch
In Orono, 16-year-old Peng Yue, who goes by “Cherry” at school, and six others from Changsha, China, have been taking classes. The students, all fluent in English, get mostly A’s with a few scattered B’s. A junior, Peng hopes to attend another American
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China-Russia Relations and the United States: At a Turning Point?
Second Line of Defense
Most Chinese policy makers worry about the rise of separatist movements and Islamist terrorism in western China and about a potential military clash with the United States in the Asia-Pacific region, especially regarding Taiwan and the contested
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Bob Dylan’s Sad China Concert Double Standard
U.S. News & World Report (blog)
Jon Huntsman, the departing US Ambassador to China, who vigorously protested Weiwei’s arrest. Olympic speed skater Joey Cheek,whose protest of China’s active support for Sudan, as it pursued genocidal policies in Darfur, cost him a visa to visit China.
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China Accuses United States of Being Hypocrites
The Atlanta Post
By Charlotte Young Even China admits that they may not have the most liberal of governments. But at least, they say, they are not as hypocritical as the United States. According to the Guardian, last week Secretary of State Hillary Clinton criticized
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China says US interferes with rights criticisms, then counter-interferes
Tibetan Review
Bringing out its own report – the Human Rights Record of the United States in 2010 – on Apr 10, China said the US reports were “full of distortions and accusations of the human rights situation in more than 190 countries and regions including China.
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More Questions and Answers on a US Dollar Crash
Taipan Publishing Group
China has pegged its currency to the dollar for a very long time — a growth strategy designed to ramp up exports. China is also in the grips of a white-hot real estate bubble, perhaps even bigger than the US bubble, as a result of stimulus and bank
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Chinese Wary of U.S. Inflation
Seeking Alpha
I recently visited China—Shanghai and Hangzhou—for a too-brief five days. I spoke to investor groups about the US economy and its parallels to and interrelationships with China and answered tons of questions from investors and the press about—guess
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Arrest of Chinese Artist Angers US Blackjack Players
New York Times
By EDWARD WONG China’s detention of Ai Weiwei, the prominent artist and pro-democracy activist, has angered blackjack players in the United States, according to an article published Tuesday on blackjackchamp.com, a Web site that reports on the casino
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America’s Downfall?
The Moderate Voice
It’s unlikely that anyone will challenge let alone match the US in terms of capability or spending for a long time yet. Also, for China to overtake America’s economy in little under twenty years, its well known domestic problems which have been brewing
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ABB bags US$120mn power transmission order in China
India Infoline.com
ABB Ltd has won an order worth about US$120mn to engineer and supply key equipment for the Jinping-Sunan 800 kilovolt Ultra High Voltage Direct Current power transmission project of the State Grid Corp. of China (SGCC).
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Diamond prices rally as U.S. buyers race Chinese, Harry Winston says
Asbury Park Press
US purchasers “are running to secure goods as well and are willing to pay higher prices to maintain their supply.” The US accounted for 38 percent of global demand for diamond jewelry last year, while China and Japan were at 11 percent each,
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The US and China must work together
Gulf Times
Given that China and the US face global challenges such as financial stability, cyber security and climate change, the two countries have much to gain from working together. Unfortunately, faulty power assessments have created hubris among some Chinese
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Chinese tourists to spend 55 billion US dollars overseas this year
People’s Daily Online
An increasing number of Chinese tourists are expected to travel overseas and spend a record 55 billion US dollars this year, boosted by an appreciating Chinese currency, the China Tourism Academy (CTA) said here on Tuesday.
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Taiwan, China Jump in Tech Ranking, While India Slips
Wall Street Journal (blog)
Switzerland and United States hold stable at positions four and five respectively. China, which was at 59th position five years ago and is currently at position 36, has continued to move up. “It is making progress in areas like adult literacy and
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Group of 20 to set imbalance rules: U.S. official
MarketWatch
To avoid a return of the imbalances, the IMF has said that the US must export more goods and China has to strengthen its consumer sector and domestic demand. The US has said China must allow its exchange rate to strengthen to support this rebalancing
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XIN BIAN GUO v. ATTORNEY GENERAL OF U.S.
Leagle.com
Guo also has not set forth any argument sufficient to compel us to overturn the BIA’s decision that he failed to establish a well-founded fear of future persecution if he returns to China. See Abdulrahman v. Ashcroft, 330 F.3d 587, 592 (3d Cir.
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China Cracks Down on Large Underground Church in Beijing
The New American
“We will continue to gather outdoors until the Lord shows us the way.” But the leaders insisted that the church’s members were not a threat to the government or to security in Beijing, assuring officials that the gatherings were purely religious.
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While the Asian tigers are growling the American education eagle is soaring on
The Australian
AS Australia faces competition for international students from the Asian tigers, especially China, the industry’s eagle is again flying high. According to the US Council of Graduate Schools applications for postgraduate courses at its members increased
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Yuan Rises on Inflation in China, Not Hot Air in Washington
Wall Street Journal (blog)
The International Monetary Fund spring meetings, kicking off Saturday, will be another chance for the US, Europe, and a growing number of emerging markets to castigate China for the undervalued yuan. Of all China’s trade partners, the US has the least
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Zoom to make 3G phones with Qualcomm chips
Reuters
Zoom plans to launch the new phones in China under its Leimone brand by summer this year and expects sales of these devices to show up in its third-quarter results, Chan said. “Our own products enjoy margins of 10-15 percent where as the OEM products
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US Missiles Strike in Northern Pakistan as Relations Sour Over CIA Role
Bloomberg
“Missiles were fired by a US drone at Baghar China,” a hamlet in Pakistan’s South Waziristan district, Tariq Hayat Khan, the secretary of law and order for Pakistan’s tribal zone, said by phone from the territory’s headquarters in Peshawar.
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Razer Switchblade will launch in China first
TG Daily
Yes, this time around US and Japanese gamers will have to make do with watching the upcoming debut of Razer’s Oaktrail-powered Switchblade in China on YouTube. As Nicole Scott of Netbook News notes, the sexy Switchblade will eventually make its way to
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Huntsman mum on presidential bid, but supporters ready in New Hampshire, other
Deseret News
By John Daley BEIJING — US Ambassador to China Jon Huntsman Jr. deflected any discussion of a possible presidential bid, saying he won’t make a decision about his future until after he returns to the United States in two weeks.
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Prashanth Parameswaran | The Asianist
Tufts Daily
Late last month, the World Trade Organization (WTO) reversed its past finding and ruled in China’s favor on countervailing duty and anti−dumping measures in USChina trade. The decision rankled the United States and validated the view among some
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The investor’s stake in corporate tax reform
Fortune
When the subsidiary of a US company in Ireland or China generates earnings, the parent pays local taxes on those profits. Those earnings are exempt from US corporate taxes so long as the parent has no intention of ever shipping the cash back to America
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Wind Power Deployment Falling in US
ThirdAge
By Alex Heigl Wind power deployment has fallen sharply in the US following three years of rapid growth, putting the US behind China in terms of total wind power sources deployed, according to the American Wind Energy Association.
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Georgetown basketball team to travel to China
San Jose Mercury News
By FREDERIC J. FROMMER AP WASHINGTON—The Georgetown University men’s basketball team will travel to Shanghai and Beijing this summer as part of a “people-to-people” exchange program between the US and China geared toward strengthening ties between the
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