Skip to content

U.S. China News 2011.04.14

Thu, April 14, 2011

Special report: In cyberspy vs. cyberspy, China has the edge
Reuters
Reconnaissance bureaus are part of the People’s Liberation Army’s Third Department, which oversees China’s electronic eavesdropping, according to an October 2009 report by the USChina Economic and Security Commission, a panel created by Congress to
See all stories on this topic »

USChina trade spat worrying: Australia Bank chief
AFP
SYDNEY — Reserve Bank of Australia governor Glenn Stevens has urged a more multilateral approach to the United StatesChina trade dispute, warning bilateralism can hurt smaller countries. As China’s economy has boomed, tensions have arisen with the US
See all stories on this topic »

More than 1700 fake US driver’s licenses from China seized at Chicago airport
CanadianBusiness.com
CHICAGO (AP) – More than 1700 counterfeit driver’s licenses from seven states have come to the US from China via Chicago’s O’Hare International Airport since the beginning of 2011. Federal authorities say the seized licenses are high-quality
See all stories on this topic »

DFA: PHL roadshow in China for US$12-B PPP projects a success
GMANews.TV
The Department of Foreign Affairs (DFA) said on Thursday the Philippines’ recent public-private partnership (PPP) roadshow in China for around US$12-billion worth of projects was a success. The DFA said the Chinese government and business leaders
See all stories on this topic »

U.S. data, China worries, weigh on Canada
MarketWatch
Inflation in China grabs investors’ attention, along with US jobless claims and PPI data. Toronto’s main energy index (THE:CA:TTEN) dropped 0.5%, as Canadian energy giant Suncor Energy Inc. (THE:CA:SU) lost 0.1%. Base-metals miners also took a hit,
See all stories on this topic »

US ‘Winding’ Down in 2010, China Takes Global Lead
TMC Net
And where do the United States and China fall on this list? World leader China only lands on place 27 (0033 kW/person), while the United States is perched at number 9 (.128 kW/person). Finally, the outlook is “windy” for the next year: Wind turbine
See all stories on this topic »

Wells Fargo applies for renminbi license
Reuters
N) had applied to the Chinese banking regulator for a renminbi license to conduct yuan banking in China as the US lender steps up its international presence two years after a major acquisition, a senior executive said on Thursday.
See all stories on this topic »

China military has Pentagon, US senators worried
Indian Express
Expressing concern over the increasing military might of China in the Asia Pacific region, a top Pentagon commander and several senators have favoured the demand for more counter-balancing US efforts in the region. “As China was exerting its influence
See all stories on this topic »

Could China’s Trade Deficit Hurt U.S. Equities?
Motley Fool
More concerning would be what a shrinking degree of exports might say about manufacturing conditions in the United States. China supplies the US with a healthy share of its manufactured goods, so while we are still seeing a growth in exports,
See all stories on this topic »

China, US and IIM-B tie up
Express Buzz
BANGALORE: India, China and the United States are coming together in a strategic tie-up to churn out global business leaders. Our very own Indian Institute of Management, Bangalore (IIM-B), will be the face of India in this collaboration.
See all stories on this topic »

Will China Eventually Own the US?
My Loans Consolidated
Below are several discussions by different sources regarding China and in comparison with the US economy and how the Chinese are now owners of US land. Investment legend Jim Rogers has been known of his optimism about China’s financial market.
See all stories on this topic »

US urges China to push N. Korea toward denuclearization
Yonhap News
By Hwang Doo-hyong WASHINGTON, April 13 (Yonhap) — The United States Wednesday urged China to use its influence to persuade North Korea to abandon its nuclear weapons and refrain from provoking South Korea. “China remains North Korea’s largest
See all stories on this topic »

China set to overtake US as world’s largest energy consumer
Hindustan Times
Meanwhile, the US has yet to announce its energy statistics for last year. Xinhua news agency quoted the International Energy Agency as saying that China overtook the US as the world’s biggest consumer of energy in 2010. Ding also said that China is
See all stories on this topic »

Talk of the Day — Foxconn to set up shop in Brazil
Focus Taiwan News Channel
Hon Hai and its China affiliate Foxconn are planning to invest US$12 billion in Brazil to produce tablet computers for Apple. After the news broke, Hon Hai’s Taiwan headquarters issued a rare statement to confirm that the Brazilian project has been in
See all stories on this topic »

China Food Services Joins the Pear River Delta American Wine Import Associatio
Wines-Info.Com
China Food Services, Corp. is pleased to announced that on Friday it attended the press conference and monthly Pear River Delta American Wine Import Association (Association) meeting in Guangzhou, China. This meeting had as the honored guest the US
See all stories on this topic »

HKMA warns on US dollar funding risk from China corporate lending
Risk.net
Last year, non-bank mainland China exposure among Hong Kong banks grew by 47%, or HK$440 billion, mostly in US dollars, the HKMA says in its circular. Dollar lending to mainland corporates provided a key driver to push total loan growth of the city’s
See all stories on this topic »

Best Buy to shrink big boxes, add wireless stores
Forbes
By MAE ANDERSON , 04.14.11, 01:35 PM EDT NEW YORK — Best Buy plans to open hundreds of smaller mobile stores and expand online and in China in an effort to be more competitive as consumers increasingly shop online. The largest US electronics retailer
See all stories on this topic »

America’s tech decline: A reading guide
Computerworld
But a richly illustrated presentation he prepared for a talk last fall at the National Press Club outlined his concerns about America’s tech decline, particularly in manufacturing. He made numerous comparisons between the US and China and included a
See all stories on this topic »

Carrefour sales rise on Brazil, China growth
MarketWatch
Carrefour (EURONEXT:FR:CA) , the world’s second biggest retailer by sales after US-based Wal-Mart Stores Inc. (NYSE:WMT) , said sales for the first three months of the year rose 3.9% to €24.7 billion from €23.77 billion a year earlier,
See all stories on this topic »

Q+A: Economic powers work on crisis-detection system
Reuters
They quickly identified mounting trade deficits in countries like the United States and corresponding surpluses in others like China as one key source of instability. The United States‘ claim that China’s undervalued currency was a reason for
See all stories on this topic »

Analysis: China’s $3 trillion in reserves more bane than boon
Reuters
Yet the stockpile has grown so big because China refuses to let the yuan rise faster for fear of hurting its exports, much to the frustration of its trading partners, especially the United States. But it is also a problem domestically.
See all stories on this topic »

Gold futures extend gains after US jobless data, China inflation
Futures Pros
Futures Pros – Gold futures extended gains on Thursday, climbing to the highest price in three days after official data showed that US initial jobless claims rose unexpectedly last week, while inflation in China surged to a 32-month high.
See all stories on this topic »

BRICS Leaders Demand More Power, Attack EU And US Old Guard
The Business Insider
At the meeting in China, the five countries outlined their demands for what they want from the world’s current economic ruling class. Let the BRICS lead the IMF and World Bank, not just the EU and US. IMF’s SDR to to be broadened.
See all stories on this topic »

Reportlinker Adds Global and China LED Industry Report, 2010-2011
PR Newswire (press release)
Nichia, the global No.1 for consecutive 8 years since 2003, also advanced rapidly, and its LED revenue rose 65% against 2009 to US$2.246 billion. China is in possession of more than 150 LED enterprises, but their total revenue is inferior to that of
See all stories on this topic »

China aircraft carrier watched by region
Christian Science Monitor
However, Willard said that China’s navy has been less aggressive in its operations this year than last. He described that as a “retrenchment” by China following US statements that it has a national interest in the peaceful resolution of territorial
See all stories on this topic »

Groupon’s China Site Big in Visits, Behind in Sales
PCWorld
While Groupon has achieved success in the US, China’s group buying market is already filled with domestic competitors. The country now has 4015 such sites, all of different scope, with some focusing on certain cities, according to group-buying
See all stories on this topic »

Chinese Mayors, Economic Officials to Meet With U.S. Counterparts
PR Newswire (press release)
The Academy will facilitate economic relationships between China and the US, while giving local leaders investment strategies and useful practices for going forward. Members of the media are invited to attend portions of the event.
See all stories on this topic »

China firms to buy US$5.5 bil. worth of panels from Taiwan
China Post
China’s television makers plan to buy about 30 million flat panels worth US$5.5 billion from Taiwan manufacturers in June, said Yang Yi, spokesperson of China State Council’s Taiwan Affairs Office, yesterday. The numbers are an increase of 34 percent
See all stories on this topic »

US stock futures lower after jobless data; Dow futures shed 0.4%
The Business Insider
Forex Pros – US stock futures pointed to a lower open on Thursday, amid concerns China would tighten monetary policy and after official data showed that initial jobless claims rose unexpectedly last week. Dow Jones Industrial Average futures pointed a
See all stories on this topic »

China Changes How It Reports GDP
Wall Street Journal (blog)
But till now, the growth rate of China’s GDP each quarter has not been measured in a way that is comparable with that of the US or other major economies. That’s because the statistics bureau has compared the size of GDP in a given quarter to its size
See all stories on this topic »

GRAINS-US wheat slides on weather; corn, soy softer
Forexyard
Corn traded lower, but not far from record highs reached earlier this week, as the market awaited US plantings. Soybeans added to this week’s losses under pressure from slowing purchases by China. “It seems like the weather is improving for the wheat
See all stories on this topic »

Unified U.S. pecan industry eyes export expansion
Western Farm Press
James Ditmore is among the pitchmen across the US pecan belt working to open doors to expand pecan exports to more countries worldwide. While the US pecan industry has cracked the China export market, Ditmore is broadening international marketing
See all stories on this topic »

Misrepresenting the Policy Debate on China: Is the NYT Covering Up for Obama
The Business Insider
It focused on efforts to pressure China to raise the value of its currency. This discussion implied that the United States must depend on its ability to pressure China to change its currency policy. In fact, the United States does not have to rely on
See all stories on this topic »

Brazil and China Further Strengthen Relations
Minyanville.com
After Barack Obama’s uneventful, and more importantly unyielding, trip to Brazil just two weeks ago in order to combat China’s growing dominance, it looks like China has won out. China last year overtook the US as Brazil’s largest trading partner.
See all stories on this topic »

What Bounces Off Me Sticks to You
Commentary
The Chinese “human rights report” demonstrates yet again that China fears US leadership on human rights issues more than anything. The Chinese seek naturally, therefore, to employ the ever-reliable tool of Western liberal guilt to encourage the US to
See all stories on this topic »

CANADA STOCKS-TSX may weaken on soft data, China inflation fear
Reuters
S&P index futures added to their losses on Thursday after data showed an unexpected rise in weekly US jobless claims. [.N] * Hong Kong’s Phoenix TV, citing an unnamed source, said China’s annual rate of inflation in March was likely to be 5.3-5.4
See all stories on this topic »

TAKE-A-LOOK-Policymakers turn their fire on inflation
Reuters
But US Federal Reserve officials note that the recent surge in oil prices is no prelude to broader price increases that would force the Fed to raise interest rates, signaling no urgency in changing the central bank’s current course. China’s foreign
See all stories on this topic »

China Mobile: Compelling Value Opportunity
Seeking Alpha
While China Mobile Limited’s main listing is in Hong Kong, United States investors can invest in this company via the NYSE-listed ADR (American Depositary Receipt), which basically trade like normal company shares in the US CHL is currently valued at
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: