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U.S. China News 2011.04.17

Sun, April 17, 2011

China’s 21Vianet Draws U.S. IPO Buzz
Wall Street Journal
By LYNN COWAN Investors are gearing up for another hot IPO in the US this week, as the largest independent operator of Internet data centers in China makes its debut Thursday on the Nasdaq Stock Market. The company, 21Vianet Group Inc., hosts servers
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Automakers unveil new models at Shanghai auto show
The Associated Press
The show has become one of the industry’s most important as automakers look to booming China to drive profits. China overtook the United States in 2009 as the biggest auto market and growth stayed strong through the global crisis.
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USA, China and Cyberspys
Live Trading News
China Economic and Security Commission, a panel created by Congress to monitor potential national security issues related to USChina relations. Staffed with linguists and technicians, the Third Department monitors communications systems in China and
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Brzezinski Says Obama Gets China, Flunks on Israel: Albert Hunt
BusinessWeek
That probably is what the US will do, policy makers say. With the prospect of declining American influence, he expects China will look to play a bigger role in the Middle East. “If there’s a vacuum, they will just move in,” Brzezinski says.
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China Fund Chief Highlights Caution on Global Economy
Wall Street Journal
By ANDREW BROWNE BOAO, China—The head of China’s sovereign wealth fund, China Investment Corp., said he sees gathering clouds over the global economy, with the continuing debt crisis in Europe, no end in sight to the US property slump and natural
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EDITORIAL: Our strategic partners
American Chronicle
We must not devalue our relations with America in the course of building our strategic partnership with China. The USA continues to be the major source of our more important foreign investment and aid. And there are gigantic possibilities to increase
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US losing edge in medical inventions, innovation
WXIA-TV
Malizia said he organized the conference (now in its second year) to promote aggressive medical equipment innovation and fight a US technological glut that could have staggering economic consequences for American technology. He predicts that China,
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Zhou Pledges More Tightening as China Raises Reserve Ratios
Bloomberg
Chinese policy makers may also consider allowing faster appreciation in the yuan, described by the US as “substantially” undervalued, to reduce the cost of imported commodities such as oil. Higher reserve requirements “will help tighten monetary
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Zimbabwe issue: India, China play key role at KP meet
Times of India
“India and China have played a key role in brokering a solution for Zimbabwe. If the Zimbabwe government accepts the consensual draft agreed by the KP member nations, including US and EU, then it could resume the rough diamond exports,” a senior
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It’s not easy to be all-American
Sydney Morning Herald
By July, Mr Whitehurst’s lower-priced products – designed in Virginia but made in China – will no longer be sold at the third-floor gift shop near the American Presidents exhibit. The Smithsonian Institution is converting the shop to sell only
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Aid should leverage interests
mydigitalfc.com
By Santosh Kumar Apr 17 2011 India’s gross domestic product (GDP), in US dollar terms, grew at 10.4 per cent in 2010, ahead of China’s 10.3 per cent, according to the IMF. This is good news indeed! But sustained growth at that rate over the long term
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Pakistan wants drone technology: report
The Nation, Pakistan
Drone attacks in Pakistan are creating rifts between US and Pakistan, claims UK media. After difference with US, Pakistan has approached many other countries including China to get drone technology, says UK media. According to report, drone attacks in
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Pot, meet Kettle: China and Belarus accuse United States of Double Standards
Firedoglake
China and Belarus, two of the world’s more notorious human rights violators, are claiming that the United States is applying a double standard in its insistence on respect for human rights. China says that the annual State Department report on human
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Foreign holdings of U.S.
Investor’s Business Daily
Foreign holdings of US Treasury securities rose 0.5% in Feb. to 44.47 tril, the Treasury Dept. said. China, the biggest buyer, cut its holdings for the 4th straight month. No. 2 Japan was a net buyer. The US is approaching its $14.3 tril debt limit.
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China detains 30 underground church members, rights group says
Monsters and Critics.com
Beijing – Chinese police detained at least 30 members of an underground Beijing church Sunday morning, according to a US-based rights group said. China Aid said police also took two pastors of the church into custody Saturday night but released them
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Lessons From China and India’s Newspaper Boom
Miller-McCune.com
the decline of print journalism in the US, associate professors Nikhil Moro of the University of North Texas and Debashis Aikat of the University of North Carolina, Chapel Hill looked at the newspaper industry boom in China and India for solutions.
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G-20 Sees Global Economy Strengthening Amid Shocks to Outlook
Bloomberg
Seven countries, including the US and China, are large enough to be of systemic importance and will face tougher scrutiny. The discussions have proved difficult, as China signaled concern that the initiative will give the US and Europe new ammunition
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China needs to outstrip the Iowa soybean crop
Fort Wayne Journal Gazette
China, which doubled meat consumption in the past two decades, may boost international soybean purchases 33 percent to 66.9 million metric tons by 2014, a 16.6 million-ton increase that is more than Iowa, the largest US grower, produced last year,
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Hong Kong activists protest disappearance of Chinese artist Ai
Malaysia Star
was part of a string of protests planned outside Chinese diplomatic compounds in major cities across Europe, the US and Australia, with supporters being mobilised on social networking sites including Facebook, which is banned in China.
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BMW, Mercedes Outpace Rivals as China Clamps Down on ‘Hedonism’
Bloomberg
The nation’s economy grew 10.3 percent in 2010, the fastest pace in three years, as rising exports and consumption helped it outstrip growth in other big car markets such as the US and Japan. China’s economy is expected to grow 9.6 percent this year,
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Gillard’s stern Asian challenge
The Australian
But the “core dynamic is in the China leg”, placing considerable weight on a mere two-day visit. “Her objective is to manage the USChina-Australian triangle the way John Howard did; to keep them in separate boxes,” White says.
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D. Medical Enters US$10 Million Standby Equity Agreement
Marketwire (press release)
“As we move forward with the process of transferring the manufacturing of all of our “Spring” branded products to China and prepare to introduce and promote them in various target markets – including the United States, Canada, Europe, Mexico and the
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Raising Reserve Requirements to Slow Inflation: China Shows How It is Done
The Business Insider
US economists seem to not understand that central banks can raise reserve requirements as way to control inflation. This is apparently the reason they find it inconceivable that the Fed could buy and hold large amounts of debt without leading to
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<B>Sanjaya Baru:</B> BRICS in search of cement
Business Standard
political stability in WANA are vital to India’s own national security and economic growth, it is not at all clear whether India would benefit more from standing with the protestors, Russia and China, or working with the managers, US and EU.
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Brazil Minister Slam at US, Other Rich Countries Both True AND Disingenuous
The Business Insider
At an IMF meeting over the weekend, the finance minister of Brazil, Guido Mantega, blamed the US and other developed nations for precisely the same thing the US is always harassing China: keeping currency values low in an effort to export their way out
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G20 develops ways to monitor each other’s economies
Times of India
the International Monetary Fund will kick of the process this year by monitoring key metrics of economic health of seven major economies (US, UK, France, Germany, and Japan, plus China and India) such as government budget deficits and debt,
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Geithner hails G-20 accord, urges China to reduce external surplus
Mainichi Daily News
WASHINGTON (Kyodo) — US Treasury Secretary Timothy Geithner on Saturday hailed an accord reached Friday on reducing global economic imbalances by the Group of 20 financial chiefs and indirectly urged China to make efforts to reduce its external
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US military spending has almost doubled Since 2001
Press TV
The world’s military spending grew by only 1.3 percent in 2010, thanks to budget constraints caused by the global financial crisis, with the top three arms investors being the United States, China and Britain. South America was the region with the
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Clinton Says Asian Allies Vital for US ‘Economic Renewal’
Bloomberg
Lee called on the US to continue to tell China to press North Korea to behave responsibly, he said. Talks on dismantling North Korea’s nuclear program, within a six-nation forum of China, the US, North Korea, South Korea, Japan and Russia,
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Russian firms plan stock sales worth billions of U.S. dollars in Hong Kong
RIA Novosti
It is not a secret that today the main supplier of money is China. If it maintains its current growth rates, the yuan will start edging out the US dollar with time. And we want LUKoil to be the first in the path of the money flow from China,” LUKoil
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Trump says only he can fix a broken America
CBS News
“If China and these other countries out-smart us, I’m not angry at China. I’m angry at our leaders for letting it happen,” he said to applause. “We are living in like a third world country, it’s all being done because our leadership is so bad,” he said
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BRICS to Show Its Weight at WTO
Inter Press Service
Trade representatives from China, India and Brazil have stood their ground at the WTO, reminding their counterparts from the US and Europe that this ninth round of global trade talks since a new trade regime emerged after World War II had a special
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Mizzou Embraces Chinese Government Exchange Program
FOX2now.com
The program began at the University of Maryland in 2004 and has expanded to 83 American universities and hundreds worldwide. Missouri will receive $250000 annually over the next three years in a partnership with Shanghai Normal University in China.
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Emerging markets bristle at capital control limits
Moneycontrol.com
US and other developed country leaders have long argued that emerging countries can combat inflows and price pressures by allowing their currencies to strengthen against the dollar. China, the world’s biggest exporter, has rebuffed acute US pressure to
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Are teachers the problem? Here’s one educator’s view
HeraldNet
By Conrad Wold Oprah doesn’t like us. Barack Obama thinks we aren’t getting it done. Movies are made about how incompetent we are. We’re responsible for everything from nearly bankrupt governments to inner city poverty. China owns our country,
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Are U.S. companies really drowning in taxes?
msnbc.com
“The study shows the unsurprising result that compared to multinational companies in other large countries — like Japan, China, Germany, France, United Kingdom — the US book effective rate is marginally higher,” Sullivan said.
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HKEx’s Allure, and Some Quirks, for Resource Firms
Wall Street Journal
He has gone on roadshows promoting Hong Kong in Canada, Australia, Indonesia, Europe, Japan, Mongolia, Russia, Taiwan, Kazakhstan and the US Weighing in Hong Kong’s favor is its appeal for commodities companies as a gateway to China, a dominant global
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US Divers Medal Three Times at FINA Diving World Series Stop
SwimmingWorldMagazine.com
China’s Qui Bo, the 2009 World Championships silver medalist, claimed gold with 586.55 points, and China’s Huo Liang, the silver medalist at last year’s World Cup, took second at 567.10. 2009 World champion Tom Daley of Great Britain was fourth,
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Record on the Road, China
NorthJersey.com
Last August, family members traveled to China for the wedding of Chris and Evelyn Primiano. Our travels took us to Beijing, Xian, Chongqing, the Three Gorges, Wuhan, Shanghai and the bride’s hometown of Tie Ling. Tip: Summers can be brutally hot,
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All that talk about the risks of the federal deficit is for real
The Seattle Times
These range from America’s trade and debt deficits with China, to income inequality at historic highs, soaring health-care costs, high unemployment and stagnant wages at home. “If something cannot go on forever, it will stop.”
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EBay finds back door into Chinese market
San Francisco Chronicle
Last year, it began a service, together with China Post and the US Postal Service, to provide a way for foreign buyers to track their China purchases and allow sellers on the mainland to offer free shipping. The cross-border model “is an opportunity
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Clean energy race falls to states, private sector as Congress puts up roadblocks
Detroit Free Press
The US ranked third in the world in attracting clean energy investments last year, trailing China and Germany, according to a report released last month from the Pew Charitable Trusts, a nonprofit public policy organization. In 2009, the US was second.
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Playwright Mike Daisey looks for the core of Steve Jobs’ Apple
The Seattle Times
An insatiably curious Daisey wanted to learn firsthand how popular Apple products are made in plants in Southern China, and what he discovered there in the course of researching the show rattled his techno world. “I still believe Apple makes the best
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