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U.S. China News 2011.04.27

Wed, April 27, 2011

Tensions High as US, China Open Talks on Human Rights
Voice of America
China’s Ministry of Foreign Affairs spokesman Hong Lei gestures for questions at a press briefing in Beijing, Nov. 30, 2010 (FILE). The United States and China have begun two days of talks on human rights in Beijing amid differing opinions about
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Reid: US must compete with China to lead on energy
The Associated Press
WASHINGTON (AP) — Senate Majority Leader Harry Reid, just back from China, said the United States must compete with the Asian nation to be a global leader on renewable energy. The Nevada Democrat led a bipartisan delegation of 10 senators on a
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China to Dispatch Top Military Official to US
Global Security Newswire
“Given that historic changes have taken place in international strategic arena, the positioning of ChinaUS relations and the mainland-Taiwan relations, China hopes the United States would look at the arms sales issue from a broader perspective and
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America in Decline? It Could Take China Just Five Years To Surpass The U.S.
This follows credit ratings agency Standard & Poor’s plan to downgrade US sovereign debt outlook. The US and China will be discussing human rights this week; let’s hope this world ranking debate doesn’t get in their way.
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Growing economy in China and US is good news for steel and metal prices.
Wall Street Journal
“International Monetary Fund forecasting had predicted that China will overtake the United States as the world’s largest economy by 2016. The report said recent International Monetary Fund forecasting had predicted China would surpass US real economic
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US, China Demand for Power Networks Drives 30% Advance in LS Cable Sales
By Sungwoo Park – Wed Apr 27 10:40:40 GMT 2011 LS Cable & System Ltd., South Korea’s biggest wire and cable maker, expects sales to jump 30 percent this year as demand increases in overseas markets including China and the US, President Son Jong Ho said
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SPECIAL REPORT – Does corporate America kowtow to China?
Economic Times
“I don’t blame the Chinese, they’re just pursuing their national interest,” said Patrick Mulloy, a member of the Congressional USChina Economic and Security Review Commission. “I blame us for not realizing what’s happening to us and for doing nothing
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Questor share tip: Pearson’s progress in America and China is educational
One example is its rapid development of English language schools in China. Pearson has about 70 English-language schools in China, 45 of them branches of Wall Street English, which it acquired for £145m in April 2009. Wall Street English caters to
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Gilani asks Karzai to dump US and ally with China: WSJ
PTI | 01:04 PM,Apr 27,2011 Lalit K Jha Washington, Apr 27 (PTI) Pakistan Prime Minister Yousuf Raza Gilani has asked Afghan President Hamid Karzai to dump United States and instead align with China for help in striking a peace deal with Taliban and
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Arends & IMF: If China surpasses US in 2016, the upside & downside of being #2
Whether you call it “The Age of America ending” or loss of super power #1, if the bomb dropped by International Monetary Fund, (IMF) is accurate – China’s economy will surpass the United States in 2016 – only five years. Think about what that means.
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China’s challengers eye US
China is very important, but we needed a different way to approach the market.” As such, eBay now boasts 150 staff working directly with Chinese vendors, and has allied with the China Post and US Postal Service on a system allowing overseas buyers to
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Volkswagen Posts Record Quarterly Operating Profit on Audi Demand in China
Source: Audi AG via Bloomberg April 21 (Bloomberg) — Johan de Nysschen, president of Volkswagen AG’s Audi of America, talks about the brand’s products and the role of the US market in Audi’s efforts to overtake Bayerische Motoren Werke AG as the
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(Video) China’s Economy Is Gaining On The US
Manufacturing Business Technology
According to a recent economic forecast, China’s economy could overtake the US’s by 2016 — or earlier than projected by other recent forecasts. What would this mean for China? But more importantly, what would this mean for the ever-improving American
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Donald Trump: ‘China Is Raping This Country’
ABC News (blog)
China is raping this country,” Trump told employees at Wilcox Industries, a company that manufactures tactical equipment for US military forces. As a potential presidential candidate Trump has been critical of the Obama administration’s approach to
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China, US begin new round of talks on human rights
Monsters and
Beijing – China and the United States on Wednesday began a new round of their dialogue on human rights against the background of Beijing’s crackdown on dissidents. The two days of discussions will include ‘extralegal detentions, and arrests and
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U.S.China kick off talks on human rights
USA Today
Calls for pro-democracy protests in China prompted a sweeping crackdown. It is the values that China and the United States disagree on that will be on display today at the start of the USChina Human Rights Dialogue. The talks take place during a
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China Yuan Up Late On New Record-Low Reference Rate
Wall Street Journal
“Inflation is a factor, and I think the PBOC will also be looking to keep the yuan at or near record highs ahead of the annual USChina economic meeting in May,” said a Shanghai-based European bank trader. Currency and debt issues are likely to
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China-bashing Trump’s clothing line made in China
Now, Trump has long complained about Chinese currency “manipulation” and has called for a large tariff on imports of products from China in order to bolster US manufacturing. But he has also gone further, urging Americans to buy fewer products from
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The PM in China: avoiding the dancing elephants
ABC Online
Partly the problem is that we just don’t know China in the way we know Britain and the US, those countries are an open book to us. China remains opaque, her intentions and inclinations are difficult for us to read. China does not believe its journey of
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On telecom security, India firm with China, gave in to US
Indian Express
Calling India’s new telecom security approval process “inflexible and unworkable”, the United States Trade Representative (USTR) has disclosed in its annual compliance report that the Indian government “suspended implementation of several of these
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US slow growth raises protectionist threat: economist
Baltimore Sun
WASHINGTON (Reuters) – Persistently high unemployment and a weak economic recovery could persuade US policymakers to slap protectionist duties on imports from China and around the world, an economist said on Tuesday. “Trade protection is far from an
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China to slow trains as South Korea speeds rail rollout; bid to cut costs and
New York Daily News
China has confirmed it is to slow down its high-speed rail system, just as South Korea unveiled its ambitious high-speed railway plan — perhaps giving some of its neighbors a chance to catch up. Recent reports in US newspaper the Wall Street Journal
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US at risk of war with China, Russia’
Press TV
The US is at the risk of a war with Russia and China as its main objective behind engineering the Libyan war and Syrian unrest is to remove the two world powers out of the Mediterranean, a former US official warns. “Washington is all for invading
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Yum Gets Hungry for Growth in China
Wall Street Journal
The company says its revenue jumped 23% to 1.9 billion yuan (US$291 million) last year from 2009. Profit increased 26%. China accounted for 54% of Yum’s overall profit of $264 million in the first quarter of this year. Yum has grown in popularity with
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China Is Hot Spot for US Firms
The Am Law Daily
“I do think that China is the fastest-growing legal market in the world,” he told NLJ. NLJ also notes that Germany (1876 lawyers) and France (1532 lawyers) finished third and fourth as foreign destinations for US firms’ offices in 2010,
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US buyout dominance likely to recede: Carlyle
Chicago Tribune
Rubenstein, who has long been bullish on China, forecast that China will overtake the United States around 2030 as the world’s dominant economy when measured by GDP. He called it an “extremely attractive place to invest” due to its size and growth rate
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Just what is it the G20 does again?
Sydney Morning Herald
Only China and the US, and perhaps Germany and Japan, will be centre stage. So much for the not-so-difficult task of identifying the countries with big imbalances. But what about the causes of those imbalances? Every student of economics knows that a
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US’s India-China Game and Nepal
China has significantly increased its activities in Nepal and in other South Asian countries, according to a fresh US Congressional report, which is “to encircle India in its own backyard”. The report is the latest in series of such research work-the
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Chinese Automaker SAIC Considering Expanding into US Market
Before they can form more concrete plans, however, National Highway Traffic Safety Administration official David Strickland visited China to explain US safety standards, and touring the SAIC plant. Despite the reputation Chinese automakers currently
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China’s Huawei sees $100 billion revenue in 10 years
Huawei has said it remains keen on US acquisitions despite facing trouble buying assets overseas. Most recently, the technology company hit regulatory obstacles when it agreed to buy the assets of 3Leaf Technologies for $2 million last year.
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US firms can aid China’s economic transformation
Second, a bilateral investment treaty between China and the US will strengthen confidence and provide assurance for both Chinese and foreign investors. Third, reform of the household registration system will improve flexibility of the labor market and
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Protecting America’s Innovative Advantage
Huffington Post (blog)
These businesses have accounted for 60 percent of US exports in recent years. According to the World Trade Organization, the United States ranks third in world merchandise exports, just behind Germany and China. However, factoring in services exports,
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Is Beijing brewing something?
Reuters Blogs (blog)
Don’t forget we will soon have one of the most important USChina summits with the annual Strategic and Economic Dialogue (S&ED) meeting in Washington on May 9-10. Of course, the yuan exchange rate will naturally be a focus of the dialogue.
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China reveals details of its upcoming space station
China told us last year that they plan to build a space station by 2020, but on Monday at the Airshow China exhibition they revealed a lot more detail about the Heavenly Palace. At 60 tons, the Chinese station will be far smaller than the nearly
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Lighting Science Group Partners With Shanghai Automotive Industrial
PR Newswire (press release)
“We chose Lighting Science Group as a partner because they offer the most advanced and affordable LED lighting products in the world,” said Mr. Chen, President of Shanghai Automotive Industrial Corporation USA, Inc., the US division of one of China’s
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Museums pressed to sell only U.S. goods | Philadelphia Inquirer | 2011-04-27
Philadelphia Inquirer
Bernie Sanders (I., Vt.) raised the issue after visiting the Museum of American History and finding that miniature statues of US presidents for sale were made in China. The senator wrote a letter to museum director Brent D. Glass and succeeded in
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4/27/2011: USCIRF: Easter Detentions Show Need for Religious Freedom Priority
United States Commission on International Religious Freedom (press release)
“Beijing has a decision to make–will it repress religious practice it cannot control, or will it find ways to fulfill the promises of the Chinese constitution and accommodate the spiritual desires of an estimated two hundred million people in China? US
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The race to become world’s most profitable automaker
Right now Ford is in the lead. On Tuesday, Ford said it earned $2.6 billion in the first quarter (all figures in US dollars). Today, VW said first-quarter profit more than tripled thanks to the success of the VW and Audi brands in China.
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China Life 1Q profit falls 22 pct on weak returns
The company said profit in January-March was 7.97 billion yuan ($1.2 billion), or 0.28 yuan (4 US cents) a share. China Life’s policy income climbed 11 percent to 122 billion yuan ($18.9 billion) while its investment income dropped 6.4 percent.
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HK Dollar Up Late On Weaker US Dollar Offshore; Eyes On FOMC
Wall Street Journal
The blue-chip Hang Seng Index fell 0.48% to 23892.84, partly dragged down by weaker China shares. The one-year US dollar/Hong Kong dollar forwards contract was quoted at a discount of 227 points to the spot rate, compared with a 231-point discount late
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