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U.S. China News 2011.04.20

Wed, April 20, 2011

China tells visiting US senators both must work together
Straits Times
‘The economies of China and the United States are highly mutually complementary and cannot do without each other,’ the central government paraphrased Mr Wang as telling a delegation led by US Senate Democratic Leader Harry Reid.
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The Mathematics of Military Balance
It is true that China possesses nuclear weapons. But since 1964, China has adopted a universal no-first-use (NFU) pledge. China applies NFU to Taiwan; and China has pledged not to target its nuclear weapons against the United States or Russia.
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US Website Claims Attack by China-Based Hackers
Voice of America
A US-based website that helps activists around the world to support of their causes says it has been targeted by a China-based hacking attack. The attack comes days after the website put up a petition calling for the release of well-known Chinese
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Special Report: China set to unearth shale power
Just over a year ago, Beijing awakened to a technology revolution that has unlocked massive reserves of gas trapped within shale rock formations in the United States. China’s confidence has been bolstered by a new report of its estimated reserves of
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China to Overtake US in Electric Vehicles Sales in 2020, Consultant Says
By contrast the US may have 1.5 million such new vehicles on the road that year, he said in a phone interview yesterday. “China’s emerging as a leader in electric vehicles,” Hazimeh said. “There’s huge pent up demand for cars from the middle class.
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China urges ‘responsible’ U.S. action on debt
By MarketWatch HONG KONG (MarketWatch) — China has called on the US to take “responsible” policies and measures to protect the interests of its lenders after ratings agency Standard & Poor’s downgraded its outlook on the US credit rating Monday.
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South America awake to risks of China ties
Asia Times Online
By Sebastian Castaneda In the wake of US President Barack Obama’s recent tour of Latin America, media reports and commentators claimed that China has been economically outmuscling the United States in the region. The reality, however, is that Beijing’s
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INTERVIEW-High oil price slows China, US demand- IEA
Reuters Africa
By Fayen Wong SHANGHAI, April 20 (Reuters) – High oil prices have hurt demand in top consumers China and the United States, and OPEC needs to raise output around June to stem further price rises, the International Energy Agency’s executive director
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New China Life IPO to raise up to US$4b
Channel News Asia
HONG KONG: One of China’s biggest life insurers is set to raise as much as US$4 billion in a dual listing in Hong Kong and Shanghai, marking one of the region’s biggest initial public offerings so far this year. New China Life Insurance filed a request
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China’s economy: Give us an A
The Economist
A few days before Standard & Poor’s warned that it might cut the American government’s credit rating (see article), Fitch said it might do the same to China. Its government’s yuan debt is now rated AA-, just three notches below the safest mark.
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Brazil Doubles Down on China Trade
Huffington Post (blog)
Foxconn, the company behind the Apple deal, while the largest exporter of mobile components and devices from the Peoples Republic of China, is actually based in Taiwan. While China-friendly, its key board members have been closely identified with US
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China Telecom Americas Continues to Grow
PR Newswire (press release)
China Telecom Americas, a wholly-owned US-based subsidiary of China Telecom Corp. Ltd. (NYSE: CHA), is an international telecom provider for Data, IP and Voice Wholesale services to multinational companies, organizations and international carriers
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Toyota to cut production in US, China
In addition, Canadian production would be suspended for the week beginning 23 May, and US production for the week starting 30 May according to the statement. The company said no decisions had been made for production after 3 June.
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Sharing information important to USChina bilateral trade: US official
People’s Daily Online
Information sharing at local levels between the United States and China plays an important role in promoting bilateral economic and trade cooperation, a senior US official says. “I think it is wonderful to have the local mayors talking with each other
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China SAFE Repeats Call For US To Protect Investor Interests
BEIJING (MNI) – The US government should take responsible measures to protect the interests of investor, China’s foreign exchange regulator said Wednesday. The State Administration of Foreign Exchange cited a call from the Ministry of Foreign Affairs a
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China premium car market prize worth the hurdles
By Helen Massy-Beresford SHANGHAI (Reuters) – Luxury car makers that have learned the ropes in the familiar markets of Europe and the United States are having to adapt to new ways in China, but with the market expected to boom, they have little choice
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China Set To Surpass US In PC Purchases
CIO India
Now, China is near to adding something else to its list of big tech things: the world’s largest market for PCs. China is set to surpass the US in PC shipments either this year or the next, according to market estimates by analysts.
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March foreign direct investment in China grows 32.9% to US$12.52 bil.
BEIJING — The value of foreign direct investment in China grew in March from the previous month, official data showed Tuesday, highlighting growing confidence in the world’s second-largest economy. China attracted US$12.52 billion in foreign direct
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China Jiangxi donates US$50000 worth of assorted school items to Western Province
Lusaka Times
China Jiangxi Corporation for International, Economic and Technical Cooperation has donated about K232.5 million (US$50000) worth of assorted items to the Ministry of Education. Minister of Education Dora Siliya, who confirmed the donation to ZANIS in
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Goldwind: Wind May Be China’s Next Big Import to the U.S.
Seeking Alpha
China needs new wind markets. In April 2010, Xinjiang Goldwind Science & Technology Co., Ltd., got ahead of the curve by forming Goldwind USA and bringing CEO Tim Rosenzweig aboard. With the Recovery Act driving US expansion, Rosenzweig had every
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US Senate delegation in China amid crackdown
AP , 04.20.11, 01:53 AM EDT BEIJING — US Senate Majority Leader Harry Reid is leading an unusually large group of 10 senators on a visit to China this week amid a crackdown on the country’s embattled dissident community. Members of the delegation are
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Finding the next step for China’s yuan policy
China should have started exiting gradually from the US government securities market a long time ago. However, according to US Treasury data, China’s holdings of US government securities totaled $1.16 trillion at the end of 2010, accounting for perhaps
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Putin Calls US Policy “Hooliganism” After S&P Cut
Wall Street Journal
By Ira Iosebashvili and Alexander Kolyandr MOSCOW (Dow Jones)–Russian Prime Minister Vladimir Putin slammed expansionary US monetary policy, calling it “hooliganism”, in remarks that followed more veiled criticism from China after Standard & Poor’s
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US earnings lift China stocks in Asia (blog)
Each and every component of the index advanced, boding well for the iShares FTSE/Xinhua 25 China Index (NYSE:FXI). This is a dramatic change from a day before when large caps suffered in both Asia and the US Energy companies did best as price of oil
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Republic of China spent over $1 million lobbying USA in first six months of 2010
In 2009, the firm was paid $317885 for “providing policy advice to government [ROC] entities regarding US-Taiwan relations.” The Cedar Group, LLC was paid $46000 by TECRO for “lobbying” including pitching for “arms sales” to the Republic of China
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Why the Massive U.S. Debt Is a National Security Risk
Fox News
BOLTON: Well, you know, in a sense, China is protecting us from the Obama administration. If nobody buys the debt, it’s not sustainable in domestic terms here. But I just think it just underlines why it’s absolutely critical not just as a domestic
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Toyota to cut production at China plants after
The automaker added that it would review production schedules for its China plants after June 6. On Tuesday, Toyota announced it would cut US vehicle production and may have to lower its 2011 US sales target despite some improvement in the flow of
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TRW plans to open technical centre in China by 2013
N), a US automotive supplier, plans to open a new technical center in China for more than 1000 engineers when it opens in 2013. The center would be built Anting, on the outskirts of Shanghai, the company said in a release. Based in Livonia, Michigan,
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China & Brazil – the Challenges & Opportunities Facing Emerging Global Superpowers
Genetic Engineering News
Mr. Bethel noted that, “Despite some tough talk from President Rousseff, the links between China and Brazil will continue to be strong because of a reciprocal need.” Bilateral trade between the countries soared from just over US$2 billion in the year
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China zooms to lead in Lamborghini race
New York Post
By KAJA WHITEHOUSE In the race to become the world’s dominant economy, China is on track to beat the US for the first time in at least one interesting category: Lamborghinis in the driveway. Stephan Winkelmann, president and CEO of the super-luxe
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US Funds Help Democracy Activists Avoid Government Internet Crackdowns
Republicans in Congress said the US should focus on helping activists get around government firewalls, such as China’s. The State Department has taken a broader approach, making training and protecting activists “perhaps the most critical part” of its
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Congressman Blames iPad For US Job Losses (press release)
(The Hosting News) – On Friday, Representative Jesse Jackson Jr. (D-IL) took to the US House floor and cited Apple’s iPad as likely causing thousands of job losses. In particular, Jackson took aim at Apple for outsourcing iPad production to China.
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The Korea-US Free Trade Agreement – beneficial or harmful?
San Diego News Room
Robert E. Scott noted, “The USIT has a history of vastly underestimating the negative impacts that free trade agreements have on the US economy. In 1999, it estimated that China’s entry into the World Trade Organization would increase the US trade
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Home > News > Car Profile > 2013 Chevrolet Malibu Arrives in China, 1.6L Turbo
In China, the mid-size will come with two naturally-aspirated gasoline engine options, a 2.0-liter and a 2.4-liter, both linked to a 6-speed automatic transmission. The model will be built in the major Asian market, and However, the US automaker will
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Zheng is a native and citizen of China who illegally entered the United States in 2000. He conceded removability but applied for asylum, withholding of removal, and relief under the Convention Against Torture (“CAT”). His application was based on his
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USPS Helps Hong Kong Sellers Deliver Goods to US Consumers
Last year, the USPS entered into a similar agreement with eBay China and China Post Express & Logistics Corporation that allows US consumers to track USPS packages purchased from eBay sellers in China. You may quote up to 50 words of any article on the
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Blame High Oil Prices on Speculators and Bernanke
The usual culprits are people who drive too fast, inefficient engines, OPEC, and even China. Sure, those are all factors, but that’s like blaming the housing bubble on the lumber industry or a surfeit of carpenters. It’s no great mystery who is
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Sen. Mike Lee defends Jon Huntsman’s letters to Obama
The State Column
Utah US Senator Mike Lee defended a batch of leaked letters sent from former Utah governor Jon Huntsman to President Obama following his appointment as US ambassador to China. Mr. Huntsman, according to a letter leaked to the Daily Caller,
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Chinese Light Fixtures Compromise US Combat Readiness?
Wall Street Journal (blog)
“This research identified that these products are manufactured almost exclusively in China.” While the Air Force’s discovery will hardly seem revelatory to anyone who’s been to a hardware store in the US in the last decade, the AAM professes shock and
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US stocks post further gains after housing
No one has mentioned any AUD barriers today but would not be surprised if China is somewhere on the topside with one. FXLad: Hi Jesse – have u noticed the bund has rallied big time…suggesting risk is actually OFF in eurozone…so why the total
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