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U.S. China News 2011.04.25

Mon, April 25, 2011

IMF: China will surpass US to top economy worldwide in 2016
DigitalJournal.com
The next American president will be the last to preside over the world’s largest economy, as the International Monetary Fund predicts China will surpass the US in 2016. America’s dominance as the world’s largest economy is coming to an end sooner than
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The Pace of China’s Democracy
In the last 234 years, the U.S. has learned a lot from its past and created a system of its own that is suitable for the people of the United States. China is only a 60 year old country. It too has lived through many turbulent times. It too is learning from its own past lessons. It too has its own ideal to form a more perfect union and insure domestic tranquility…..
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PM’s USChina balancing act
The Australian
Picture: AFP Source: AFP JULIA Gillard has declared Australia can maintain a close strategic alliance with the US while also enhancing its friendship with China, despite Beijing’s growing military and economic clout in the Asia-Pacific.
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American Rodeo Out of the Chute in China
PR Newswire (press release)
Rodeo China, an important component of the ChinaUS cultural exchange program in 2011, is jointly hosted by Chinese People’s Association for Friendship with Foreign Countries (CPAFFC), China International Friendship Cities Association (CIFCA),
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Tensions high as China and US meet for human rights talks
Irish Times
THE UNITED States and China meet in Beijing this week for their annual human rights dialogue, but the atmosphere is likely to be tense after Washington signalled that it would discuss the current tough crackdown on dissent in China.
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China must watch for rising US Treasury yields: researcher
Baltimore Sun
BEIJING (Reuters) – China needs to guard against volatility in US Treasury prices should investors demand higher returns from US government debt, a researcher at the Chinese central bank said on Monday. Zhang Jianhua, a head of research at the People’s
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PBOC Head’s Yuan Stance Shows Need For US Action –US Senator
NASDAQ
By Michael R. Crittenden WASHINGTON (Dow Jones)–The head of China’s central bank told a top US Senate Democrat that it would not accelerate the appreciation of its currency from its current pace, a refusal likely to spark outcry on Capitol Hill.
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Markets Hub: IMF Sees China Topping US in 2016
MarketWatch
According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 – just five years from now. Brett Arends looks at the implications for the US dollar and the treasury market.
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Wake up, America! You’re falling behind
CNN (blog)
Every time the United States or the West steps into an Islamic country it presents a major geopolitical gift to China. (When the US decided to intervene in Libya) China was saying, “Great, go ahead! Go into more Islamic countries. Make my day.
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What does it mean that China’s economy could surpass US’s in 5 years?
CNN (blog)
Here’s my question to you: What does it mean that China’s economy could surpass the US economy in five years? Tune in to the Situation Room at 5pm to see if Jack reads your answer on air. And, we love to know where you’re writing from,
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Oil Speculation, Insider Trading, JPMorgan, AT&T: Compliance
San Francisco Chronicle
(Adds America Movil, China workers, Japan short-sales and PAT KB Sotskombank in Compliance Action section, and updates Goldfarb item in Courts.) April 25 (Bloomberg) — President Barack Obama said a Justice Department probe will examine the role of
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Flashback 2010: China Downgraded US Debt Before S&P
Forbes (blog)
By KENNETH RAPOZA Early in November 2010, when the US launched QE2, China’s Dagong Global Credit Rating Co. downgraded the sovereign credit rating of the US by one level to A+ from the previous AA, with a “negative” outlook.
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It’s Only Common Sense: Is the US the New China?
PCB007 (press release)
These companies decided to come here to get their products manufactured because they could get them made cheaper, because, as far as the western world is concerned, we are the new China. Oh, and another thing that is very interesting about IKEA’s
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Loonie little changed against USD as commodity prices back off slightly
The Canadian Press
Gold prices gained $7.80 to US$1511.60 an ounce, but off a morning high of more than US$1513, while copper prices slipped 11 cents to US$4.29 a pound. Strong commodities are partially being supported by news that China will shift some of its foreign
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Small Subaru crossover could come to US
CNET (blog)
It might come to the United States if Subaru concludes it’s big enough for US tastes. But Subaru is pitching the XV at China, trying to parlay the success of the Forester and Outback into a new niche. The Forester and Outback are viewed as SUVs in
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China’s Sohu Climbs to Record in New York After Earnings Exceed Estimates
Bloomberg
By Belinda Cao – Mon Apr 25 16:55:49 GMT 2011 Sohu.com Inc. (SOHU), the owner of China’s fourth-most visited website, rose to a record in US trading after reporting a 48 percent increase in first-quarter profit, beating analysts’ estimates.
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Will Gary Locke Be an Effective Ambassador to China?
Hyphen Magazine (blog)
As holder of over a trillion dollars in American IOU’s, China expects to be treated with the respect of someone the United States is beholden to. The USChina bilateral relation has arguably become the most important in the world.
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Chinese Regime Arrests Christians for Easter
The New American
“We continue to call upon the free world to stand firm in solidarity with the persecuted faithful in China.” The US Commission on International Religious Freedom castigated the regime’s attitude toward the Shouwang Church and other
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“This Time Is Different” Syndrome In China
The Business Insider
Some people are bearish on China because they really want China to collapse. On the other side, some people are optimistic because China, in their views, will be the next great power and will ultimately overtake the United States as the largest economy
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China poised to claim global pre-eminence
Sydney Morning Herald
According to projections published by the International Monetary Fund, within five years China will overtake the US in real economic output. It will be the first time in the modern era that any country has done so: the Soviet Union never managed to
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China cracks down on bloggers
USA Today
By Calum MacLeod, USA TODAY CHENGDU, China – The desk where Ran Yunfei wrote books and a daily blog stands idle, his computer confiscated by police. His dog Dickens, a white Samoyed, barks on the outdoor patio. Inside the book-crammed study,
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Craig Stephen’s This Week in China
MarketWatch
One factor worth considering is how QE is playing out in the ongoing currency adjustment between the US and China. Arguably further QE with its inflationary consequences is only going to heap pressure on China’s yuan to appreciate further — something
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Customs agents seize hundreds of forged US Trade Dollars
Auction Central News
Written by AP CHICAGO (AP) – US Customs agents have seized more than 350 forged antique US coins that were sent from China to O’Hare International Airport. The Daily Herald reports that agents became suspicious when they X-rayed a package from China
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The US In The 1920s And China In The 2000s
The Business Insider
Also Sprach Analyst is a website on global finance and economics with a special focus on China and Hong Kong economy, finance, and real estate. It is probably easy to point out the differences between China in the last decade and the United States in
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Earnings Preview: Corning Inc.
Forbes
WHY IT MATTERS: With LCD-TV market penetration reaching 65 percent in the US, China will become the global leader in total TV sales. Corning is planning to build an $800 million advanced LCD glass plant in Beijing, with operations to start early next
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The New Rules: Long-Term US Presence in Afghanistan a Mistake
World Politics Review
Strengthening Afghanistan is a good idea; convincing the region’s major players — Russia, Turkey, Saudi Arabia, Iran, Pakistan, India and China — that America will remain Kabul’s primary external patron is not. And the truth is, we might not be as
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Why China Struggles with Food Safety
Wall Street Journal (blog)
The big difference between the US and China is size, Ms. Ming says, adding that the quantity of companies involved in China’s food industry will make for tougher regulatory obstacles. “It’s impossible to lessen such problems overnight,” Mrs. Ming said.
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Taxing China’s Assets
Foreign Affairs
But there has been no slowdown in its manipulative purchases of US assets, implying that the renminbi remains deeply undervalued. The United States clearly needs to ratchet up the pressure on China, and the next installment of the USChina Strategic
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US should resettle Uighurs held at Guantanamo
Belleville News Democrat
The Supreme Court last week ended the quest of five exonerated Guantanamo detainees who are seeking release in the United States. The defeat for the Uighurs, members of a Muslim minority group in China, shouldn’t be the end of the story.
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Barrick Gold Corp Down 1% in U.S. Pre-market on Bid For Equinox
NASDAQ
TO) is down more than 1% in US premarket trading after saying on Monday that it had struck a deal to buy Australia’s Equinox (EQN.TO) for more than C$7 billion, topping a proposed takeover offer by China’s Minmetals Resources. Barrick said Equinox had
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Panda Express May Open in … China
Newser
American-Chinese food veered off from traditional Chinese fare around 1900, when chop suey “took off like wildfire” in the US, says the curator of the “Sweet & Sour” exhibit at the National Museum of American History. Chop suey is seen as a US dish,
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Watching China
Tribune Review
And that posed a direct threat to America: China compromising US military secrets shared with Chile. US and Chilean officials are silent about the cable. But it eliminates any doubt about China’s hostility toward America and its allies — and about the
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‘Leading from behind’
msnbc.com
It’s a different definition of leadership than America is known for, and it comes from two unspoken beliefs: that the relative power of the US is declining, as rivals like China rise, and that the US is reviled in many parts of the world.
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Zambia: Rethinking Agoa Summit
AllAfrica.com
Despite trade between Zambia and the US being insignificant, it must be remembered that AGOA was born at a time when China was not as economically strong as today. Therefore, the eco-political tone of AGOA has changed from a US viewpoint.
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The party’s the problem
The Age
This is lucidly set out by a very fine American China specialist and US State Department official, Thomas Christensen, in his recent essay The Advantages of an Assertive China. Last year, in a conversation with Hillary Clinton, which emerged from
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Monday morning talkers: China arrests Christians on Easter and De Niro’s
Baltimore Sun (blog)
John McCain on Donald Trump • “Most of us – if you’re Jewish you get Passover off and if you’re Christian you get Good Friday off. But the Congress is taking two weeks off. President’s Day you took a week off. If I’m not mistaken, this is now five
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Confidence in US bonds slipped well before threat of downgrade
Washington Times
While many in Washington have feared that China or Japan might one day stop buying US Treasury bonds, China has diversified into other countries’ bonds gradually to avoid impairing the value of China’s massive US holdings.
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Pre-Opening Wheat Market Report
NASDAQ
Outside market forces look positive this morning with a surge higher in silver and gold and a weaker tone to the US dollar helping to support. Weather issues in the US and China plus a continued dry forecast for parts of Europe and a continued cold and
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Corn, Wheat Advance as Adverse Weather Threatens to Reduce Global Harvests
Bloomberg
By Jeff Wilson – Mon Apr 25 15:05:13 GMT 2011 Corn rose the most in three weeks and wheat jumped to the highest price since February as adverse weather threatened crops from the US to China. Corn fields from Montana to Ohio got more than twice the
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Silver, RadioShack, Kimberly-Clark in focus
MarketWatch
See Indications for more on US markets. European markets were closed for the Easter holiday. Stocks in China fell on concern that Beijing may continue to tighten monetary policy, while shares in Japan ended lower as investors fretted about corporate
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China tries to scare motorists into safer driving
Sacramento Bee
“In China, people just aren’t as aware of road safety as people overseas who are educated about it at a young age.” China in 2009 surpassed the US to become the world’s top buyer of new vehicles. More than 18 million new cars, trucks and buses – nearly
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Japan minister’s China remarks ‘inappropriate’
People’s Daily Online
In an interview with the Wall Street Journal on Friday, Kitazawa said “in order to maintain the right balance in our relationship with China, we need to also solidify the ties between Japan, the US and South Korea”, adding that Japan was particularly
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Experts: Coal Exports Will Offset Projected Declines in US Electric Mix, an
Marketwire (press release)
SUGAR LAND, TX–(Marketwire – Apr 25, 2011) – Written by John Egan for Industrial Info Resources (Sugar Land, Texas) — Coal companies face declining demand for their product from US Power companies, but rising demand for coal in China and India will
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