Skip to content

U.S. China News 2011.04.19

Tue, April 19, 2011

The Mathematics of Military Balance
Many experts have always claimed that China has the largest army in the world. But while in China, there is only one solider to protect every 585 citizens,
http://chinausfocus.com/peace-security/the-mathematics-of-military-balance/

China Responds Cautiously to U.S. Debt Move
Wall Street Journal
Yu Yongding, a former academic adviser to the PBOC who is known for his frequent, blistering warnings about China’s US Treasury holdings, said he couldn’t comment when reached by phone Tuesday. He didn’t say why. Mr. Yu was less reticent last week,
See all stories on this topic »

China Labels US ‘Irresponsible’ About Monastery Reaction
Voice of America
Photo: AP The Chinese government accuses the United States of having the “wrong facts” about a stand-off between monks at a Tibetan monastery and security forces in western China. A Chinese spokesman says the monks are leading what he describes as a
See all stories on this topic »

Kian unveils new Rio in China, US reveal coming
USA Today
By Fred Meier, USA TODAY We got another look at the new Kia Rio today Kia unveiled a China version at the Shanghai Motor Show. The new Rio made a world debut in Euro trim at Geneva last month and a US version is expected at the New York Auto Show later
See all stories on this topic »

US, China copyright trade spat heads for next stage
Chicago Tribune
GENEVA (Reuters) – China and the United States started the clock on a new stage of their trade dispute over films, books and music on Tuesday, a signal Washington will go ahead with a threat to seek retaliation rights. The battle, one of a series
See all stories on this topic »

Lamborghini’s China Sales May Surpass US on $364000 Aventador
Bloomberg
Photographer: Andrew Harrer/Bloomberg Automobili Lamborghini SpA will probably sell more supercars in China than in the US for the first time this year, a sign of the Asian country’s growing importance to luxury-car makers. The Aventador LP 700-4,
See all stories on this topic »

China set to surpass US in PC purchases
Computerworld
Once China surpasses the US in PC shipments, a market the US created, will it matter at all to the American psyche? One person who doesn’t think so is Jonathan Hill, assistant dean and director of special programs and projects at Pace University’s
See all stories on this topic »

HK, China stocks down after US credit outlook cut
Reuters
The Hang Seng property sub index underperformed, down 1.6 percent, with China Overseas Land & Investment Ltd shedding 2.5 percent and China Resources Enterprise Ltd falling 2.3 percent. Analysts said this could be a reaction to the latest round of
See all stories on this topic »

US Technology Firms, China Tangle Again Over Contracts
MarketWatch
By John Bussey There’s an old proverb in China: The mountains are high, and the emperor is far away—meaning, if you’re a bureaucrat out in the hustings, you can pretty much forget about Beijing and do whatever you like. US companies are learning this
See all stories on this topic »

China’s hold on US purse strings turns global table
Independent Online
Timothy Geithner says borrowing more from China to finance tax cuts would be irresponsible. The US Treasury Secretary has it backwards. The real question is if Beijing is willing to double down on the US. Holding $1.2 trillion (R8.1 trillion) of US
See all stories on this topic »

China’s FAW to invest US$1.5b in green vehicles
Channel News Asia
SHANGHAI: China’s FAW Group plans to invest US$1.5 billion developing clean energy vehicles in the next five years, a report said on Tuesday, as automakers seek to cash in on the burgeoning “green” car market. FAW made the announcement at the Shanghai
See all stories on this topic »

Will China’s Economy Overheat?
TheStreet.com
By Frank Holmes NEW YORK (US Global Investors) — China’s GDP growth continued at a blistering pace during the first quarter of 2011, rising 9.7% from the previous year, according to economic data recently released from the People’s Bank of China.
See all stories on this topic »

Ma renews call for US fighter jet sale
Taipei Times
Amid rising tensions between Washington and Beijing over the South China Sea, over which China claims sovereignty while the US says it has a national interest in freedom of navigation, Yang said Taiwan shared the US perspective on the matter.
See all stories on this topic »

METALS-Copper ends down on US economic outlooks, China
Reuters
The S&P’s worrisome outlook for long-term US debt added another head wind to a market still coping with sluggish physical demand from China’s monetary tightening campaign and economic recovery uncertainties tied to Japan’s earthquake and subsequent
See all stories on this topic »

China: US Should Adopt ‘Responsible’ Measures After S&P Move
NASDAQ
BEIJING -(Dow Jones)- The US should adopt “responsible measures” and protect the interests of investors, after Standard & Poor’s downgraded its outlook on US government debt, Chinese Foreign Ministry spokesman Hong Lei said Tuesday. China has taken
See all stories on this topic »

China stocks down on US credit rating
Chinavestor.com (blog)
China Eastern Airlines (HKG:0670) and China Southern Airlines (HKG:1055) were the best performing components of the Hang Seng Index (INDEXHANGSENG:.HSI). But energy companies and financial stocks weighted on the index for the second day in a row.
See all stories on this topic »

Huawei’s opacity a colourful issue for US
Financial Times
In addition to the security links attributed to the chairwoman, Ren Zhengfei, the founder and chief executive, is a former officer in China People’s Liberation Army. Classified intelligence material in the US is said to link the company to the People’s
See all stories on this topic »

Leaked Cables Indicate Chinese Military Hackers Attacked U.S.
InformationWeek
In the cables, US government officials assert that these China-driven attacks, which they’ve dubbed “Byzantine Hades,” have been occurring since at least 2002. “The attacks coming out of China are not only continuing, they are accelerating,” Alan
See all stories on this topic »

Auto Shanghai: global Chevrolet Malibu unveiled
The Independent
Chevrolet has launched the 2013 Malibu at joint events in the US and China as the New York and Shanghai motor shows prepare to open their doors to the public this week. The Malibu, a midsize sedan which will be sold in nearly 100 countries,
See all stories on this topic »

Manufacturing cost gap closing among US, India, China
FiercePharma Manufacturing
It also cites an outsourcer for big pharma who predicts his labor cost savings compared with the US–50 percent–could disappear within five years. In China, meanwhile, the labor cost advantage is beginning to disappear too, thanks to inflation,
See all stories on this topic »

Gillard treads finest of lines in China trip
Sydney Morning Herald
And they are fast becoming bitter strategic rivals. Gillard’s misfortune is to find herself in the Lodge just when China’s rise and America’s response meet head to head. She tells us she isn’t interested in foreign policy, but she has no choice.
See all stories on this topic »

China central bank adviser says $US won’t collapse despite S&P
Business Spectator
China must buy strategic resources for its sustainable development,” Mr Xia said, without elaborating. China has never published its holdings of US treasuries, but economists said as much as 70 per cent of the country’s fast-growing foreign exchange
See all stories on this topic »

RHB’s Choy Says China, Singapore to Gain From US Credit Woes
Bloomberg
“Although China is also attached with a negative outlook, it has a relatively more attractive risk-reward profile. The US already has the top rating with no upside potential, and the risk-reward is skewed to the downside. “We foresee greater downward
See all stories on this topic »

China Must Stress Innovation To Pass US
New University Online
The effect has been the famous and impressive GDP growth rates China has had annually for many years. Many Americans see China rising and the US declining and posit that China will soon surpass the US economically. This is likely due to the US having
See all stories on this topic »

Chinese Stocks Slump on Inflation, US Credit Rating Concerns
Bloomberg
By Bloomberg News – Tue Apr 19 08:21:06 GMT 2011 China’s stocks fell the most in two months on concern inflation will spur the government to keep tightening monetary policy and as Standard & Poor’s Ratings Service cut its outlook on US credit,
See all stories on this topic »

Finance Drives Brazil-China Cooperation
Forbes (blog)
This global policy, which allows China to diversify its investments away from US Treasury bills toward hard assets and helps it manage its monetary policy, has played a key role in China’s approach to Brazil. In addition to importing an increasing
See all stories on this topic »

China’s espionage in Chile raised US worry
Washington Times
The cable said US officials based in Chile worked with their Chilean counterparts to “sensitize them to the security and intelligence threats emanating from China.” The cable, which was released by the anti-secrecy website WikiLeaks,
See all stories on this topic »

Lujiazui Breakfast: News And Views About China Stocks (April 19)
Forbes (blog)
In the US, small-cap Chinese stocks continued a recent spate of trouble. Shares in Fuwei Films, a producer of plastic film, dropped by 33% yesterday after the company said it has received a delisting notice from the Nasdaq. Forbes China, the licensed
See all stories on this topic »

China’s FDI rose 32.9% to US$12.52b in March
China.org.cn
China’s actual foreign direct investment rose 32.9 percent year-on-year to US$12.52 billion in March, announced the Ministry of Commerce (MOC) on Tuesday. The March FDI inflow rebounded from February’s low of US$7.8 billion. In the first three month,
See all stories on this topic »

Chinese Companies Are Aggressively Tapping US Bond Market
Wall Street Journal
“There is a relative rating differential between China and the US,” Schuh said. “As the US is warned about its debt load, and China conversely is getting closer to a AAA rating, that will create some competition in the field of funding.
See all stories on this topic »

Why US-India bonhomie is making Pakistan paranoid
Rediff
The strengthening ties between India and United States have made Pakistan paranoid. Fearing that US might just discard it, Pakistan is now turning to its “enduring friend” China, believe America’s powerful couple in diplomatic circles — former
See all stories on this topic »

Wells Fargo to seek China yuan license: report
MarketWatch
(NYSE:WFC) will apply for a license to conduct yuan business in China, the China Daily reported Tuesday, citing Richard Yorke, vice-president and head of the bank’s international group. Wells Fargo will focus on trade processing and supporting its US
See all stories on this topic »

US STOCKS-Wall St falls on sovereign fears, rebound possible
Reuters
Standard & Poor’s revised its outlook on the United States credit rating downward to “negative” on a poor US budget outlook, while China took additional measures to curb liquidity. For details, see [ID:nN18195555] Meanwhile, financial markets are
See all stories on this topic »

Reid’s China trip a chance to sow seeds of investment for Nevada
Las Vegas Sun
China is the financial force behind a wind turbine manufacturing plant planned for Southern Nevada. A-Power Energy Generation Systems, expected to employ a thousand workers at a more than 300000-square-foot facility made with 50000 tons of US steel,
See all stories on this topic »

China Yuan Down Late As Dollar Consolidates Overnight Gains
Wall Street Journal
SHANGHAI (Dow Jones)–China’s yuan was lower against the dollar late Tuesday, as the US unit consolidated overnight gains amid continued concerns about the euro-zone sovereign debt crisis. Optimism over the yuan’s long-term strength, however,
See all stories on this topic »

Trump runs his mouth again
Financial Times (blog)
But “the Donald” – as he’s affectionately called by his groupies – might have a harder time turning diplomatic situations to his advantage, or so it would appear from his recent quips about how he would deal with China if he were US president Dipping
See all stories on this topic »

Wheat Advances for a Third Day on Deteriorating Crop Conditions in US
Bloomberg
China’s soybean crushers canceled more than 10 cargoes of the oilseed this month to cut growing losses for processing, state- affiliated researcher Grain.gov.cn said in a report today. Crushers have also delayed shipments of more than 20 cargoes,
See all stories on this topic »

US debt could hurt Asian economies: analysts
AFP
“Given the importance of the US as the world’s largest economy, this is also essential for underpinning the stability of the global financial system.” China is the top holder of US Treasury debt, with $868.4 billion invested at the end of August last
See all stories on this topic »

US, Britain Doing Little to Protect Power, Gas, Water From Cyberattacks
DailyTech
And the US is not alone in being suspected of conducting attacks on other nations’ infrastructure. Russia and China are both suspected of targeting critical foreign infrastructure, including US utilities, with cyber-attacks.
See all stories on this topic »

Congressman blames US unemployment crisis on iPad
ZDNet (blog)
He claims that Americans are losing their jobs to workers in China. Jason D. O’Grady developed an affinity for Apple computers after using the original Lisa, and this affinity turned into a bona-fide obsession when he got the original 128 KB Macintosh
See all stories on this topic »

Chloralkali and Soda Ash Demand in China to Boost Salt Market Through 2015
PR Newswire (press release)
China now accounts for over 30% of world salt consumption, putting it ahead of Europe and North America. Salt production increased by 3%py between 2003 and 2009 to total 262Mt but showed little or no increase in 2010 due to lower output in the USA,
See all stories on this topic »

US Commodities Day Ahead: Gold Advances to a Record on Dollar
Bloomberg
Across the road from Zhao Yuanyi’s wheat field in China’s Shandong province, Chonche Group is expanding a rail-car factory on what used to be 227 hectares of farms. Nearby, Geely Automobile Holdings Ltd. makes sedans on an 87 hectare site that four
See all stories on this topic »

US Dollar To Remain Pressured Despite Singapore Currency Move
Wall Street Journal
To some extent, China too has been allowing its currency to rise very gradually as it tries to rein in inflation. The amount of currency reserves held by Asian central banks has continued to mount, suggesting that the wider market impact of any
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: