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U.S. China News 2011.05.05

Fri, May 6, 2011

China rules US carmakers are guilty of dumping
Reuters
BEIJING (Reuters) – China has found some US-made passenger cars benefited from unfair subsidies, damaging its carmakers, although Beijing side-stepped a potential trade row with the United States by not hitting them with duties. giant state-owned
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Could China Be the Answer to America’s Job Gloom?
Fox News
The big investors remain Britain, Japan and Germany, but China invests less than countries such as Saudi Arabia and South Korea. The report for the Asia Society, the Kissinger Institute on China and the United States, and the Woodrow Wilson
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China Yuan Flat Late Ahead Of ChinaUS Meeting, Key Announcements
Wall Street Journal
Traders said the market was also struggling to find a clear direction ahead of a slew of events and data, including the ChinaUS meeting, the European Central Bank’s rate-setting meeting later today and non-farm payrolls data from the US due Friday.
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Study predicts “Made in the USA” revival
Reuters
The study predicts China will remain a major global player — just less of an exporter to the United States. China will still export to Europe, whose workers are less able to move for jobs than US workers are. US wage advantages could eventually reach
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GM Earns $3.2 Billion on US, China Sales
ABC News
General Motors says its first-quarter net income more than tripled on strong car sales in the US and China. Amy Sancetta/AP Photo General Motors says its first-quarter net income more than tripled on strong car sales in the US and China.
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Adidas ups 2011 sales goal on US, China demand
Reuters
DE), the world’s second largest sporting goods company, raised its sales outlook for the second time this year after the US, Chinese and Russian markets drove first-quarter growth. Adidas, which competes with Nike (NKE.N) and Puma (PUMG.
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China slams US bin Laden operation
Press TV
China has criticized the United States for violating’ Pakistan’s sovereignty by carrying out a military operation to kill al-Qaeda leader Osama bin Laden. “China holds that the independence, sovereignty and territorial integrity of any country should
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US, China vie for influence among Indonesian riches
Asia Times Online
By Sara Schonhardt JAKARTA – The battle for influence between the world’s economic powerhouses, China and the United States, is intensifying across Southeast Asia. Both countries are rushing to take advantage of robust growth rates and rising consumer
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GLOBAL MARKETS-Oil, metals, stocks fall on US data, China worry
Reuters
In Hanoi, China’s Vice Finance Minister Li Yong said the government will continue to use measures such as higher interest rates and bank deposit requirements to curb inflation. [ID:nL3E7G421O] US crude oil CLc1 closed down 1.63 percent at $109.24 a
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METALS-Copper ends sharply lower on China fear, US data
Reuters
By Chris Kelly and Sue Thomas NEW YORK/LONDON, May 4 (Reuters) – Copper suffered its biggest one-day loss since early March on Wednesday, as concerns about inflation-fighting measures in China and disappointing US data pointed to less demand from the
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Greener Pastures Are in the U.S., Not China
MyBankTracker.com
By Simon Zhen Thu May 5, 2011 China may be poised to surpass the United States as the world’s largest economy but the greatest chance of success in the pursuit of wealth still lies in America, according to a Deloitte report. China’s booming economic
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China is economically more important to world than the US
Commodity Online
By Dr Jeffrey Lewis According to a new statement from the International Monetary Fund, the United States will be the world’s leading economy for four more years, at which point China will overtake the US in total annual production of goods and services
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Commodity price hike due to US policies: China
Economic Times
HONG KONG: Chinese people see US policies as the driving force influencing global commodity price gains, in contrast to a widespread notion that demand in China is driving up prices, an investment firm said today. “Dollar weakness was cited as the
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Why The US Can Beat China: The Facts About SpaceX Costs
RedOrbit
China has the fastest growing economy in the world. But the American free enterprise system, which allows anyone with a better mouse-trap to compete, is what will ensure that the United States remains the world’s greatest superpower of innovation.
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Rights groups, US senator wade into Facebook’s China plans
TechEye
Facebook has faced allegations that it is censoring its users here in the UK and the US – what about China? This is a concern shared by the Open Rights Group Executive Director Jim Killock, who told TechEye: “Other companies have found it impossible to
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China ‘powers LatAm investment’
BBC News
Last year, China overtook the US as Brazil’s biggest trade partner with more than $56bn in trade. However, the US still provides the biggest percentage of FDI in the region, accounting for 17% of the $113bn. The Netherlands is next with 13%, with China
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Every boom will bust. Even China’s.
Christian Science Monitor (blog)
Therefore, much of the gross fixed capital formation in China’s GDP accounts is tied to US demand for Chinese exports. A further route by which China’s trade surplus with the US drives China’s economy is the banking system. When Chinese exporters bring
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IPO for China’s top social network pops in first-day trading
USA Today
By Tim Mullaney, Special for USA TODAY China’s top social-networking site has gone public, and whatever your stance on whether Silicon Valley is in a bubble there’s little denying that the party is on for RenRen. Beijing-based RenRen went public at $14
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Special report: Can China’s billions spur the next big idea?
Reuters
“They are more expensive than us,” says Ji, who adds that TechFaith can more readily customize its phones, a skill honed in China’s cutthroat mobile phone market. “For US companies the cost of customization is very high — you can’t always have an
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After Bin Laden, will China become US foe?
Global Times
Given that China’s GDP may exceed that of the US within 10 years, this may become the primary factor to threaten the latter’s global hegemony. In a US versus China scenario, will confrontation be the only option? More people in both countries answer in
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China ‘regrets’ US criticism of IPR protection
Daily Times
The Special 301 Report released by US Trade Representative Ron Kirk on Monday said China was making progress on improving IPR protection but voiced concern about Beijing’s longer term commitment. “China regrets the US decision,” commerce ministry
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Forum Presents Objectivity in Assessing U.S. Listed Chinese Companies
PR Newswire (press release)
NEW YORK, May 5, 2011 /PRNewswire/ — In light of recent investigations made by the SEC on US listed Chinese companies and the delisting of several Chinese companies from NYSE and Nasdaq — China Entrepreneurs, a Beijing-based business intelligence
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China, US Having Tremendous Capacity to Grow Together
CRIENGLISH.com
The third meeting of S&ED, which will be held on May 9-10 in Washington DC, will see some concrete further progress on a deepening and broadening economic engagement between China and the US, said Brainard. “China’s growth depends very much on the good
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Asia’s Rising Energy and Resource Nationalism: Implications for the United
US Department of State (press release)
Next week, we will hold the third round of the USChina Strategic and Economic Dialogue, led by Secretary Clinton and Secretary Geithner, to continue pursuing a positive, cooperative, and comprehensive relationship with China. As Secretary Clinton has
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Avon Says It Probes Possible Corruption After Firing Four
Bloomberg
The company suspended the four in April 2010 as part of an internal investigation into its compliance with the US Foreign Corrupt Practices Act. The executives included the general manager and finance chief of the company’s China unit, which generates
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Geithner: China, US to strengthen economic ties
Xinhua
The US Treasury Secretary made the comments overnight at a meeting ahead of the upcoming USChina Strategic and Economic Dialogue. He added that China is making headway in shifting its economic growth model and the two nations should be “very direct
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Domtar to invest in Chinese properties
Montreal Gazette
Domtar already exports up to $700 million US of pulp annually from North America to China, but the Guangdong units, employing about 300, will source their specialty paper from local mills – China is focusing on new paper machines after building massive
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US congressman’s support in question
Taipei Times
Over the past few months he has been urging US President Barack Obama to sell advanced F-16 fighter jets to Taiwan. Two years ago, he resigned from the Taiwan Caucus after saying that Ma was working with autocratic China rather than fighting it.
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For Chinese Women, US MBAs Are All the Rage
BusinessWeek
Hu is part of a wave of women from China, Taiwan, and Vietnam pursuing US MBAs, and their numbers are driving up the overall number of women in such programs, according to the Graduate Management Admission Council, the Reston (Va.
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US manufacturing takes on China
Financial Times (blog)
The good news for US workers is that the revamp won’t – as it often the case these days – go west to China. Like most engineering suppliers, Charter International’s international welding supplies business ESAB has built up a manufacturing base in China
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Promoting and Selling US Real Estate to Chinese and Asian Investors Seminar
San Francisco Chronicle (press release)
According to a recent report issued by American Chamber of Commerce in Shanghai “China has emerged as an increasingly important investor in the US economy… China’s 2009 US-bound FDI figures between US$3.9 billion to US$6.4 billion representing at
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GM earns $3.2B in 1Q, helped by strong US sales
The Associated Press
The company did well in the key North American market, thanks to strong sales, but growth slowed in China and the company lost money in Europe. The company’s stock price fell 2.5 percent. The biggest US automaker said Thursday that it earned $3.2
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Asia Stocks Fall on Concern US Economic Recovery Waning; Bharti Slides
Bloomberg
Lau also discusses China’s coal supply. She speaks in Hong Kong with John Dawson on Bloomberg Television’s “On the Move Asia.” (Source: Bloomberg) Asian stocks declined, dragging a regional benchmark index lower for a third day, as lower-than- forecast
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This Man Is Beating LinkedIn In China, India, And Brazil (EXCLUSIVE Q&A) (LNKD)
San Francisco Chronicle
We are a multi-platform, multi-product, multi-features and mulit-brand company. We’re called Tianji in China, Apna Circle in India, Unyk in Brazil and Viadeo in Europe. That sets us apart from LinkedIn, which has a very global approach.
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World markets wary on signs US economy struggling
The Associated Press
Signs that the US economic recovery is slowing dragged down oil prices, which hurts the energy companies whose fortunes depend on them. Hong Kong-listed shares of PetroChina, China’s biggest oil and gas company, lost 2.6 percent.
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BMO Capital Markets Becomes the First Canadian Bank To Trade Foreign Exchange
Benzinga
“BMO Capital Markets’ foreign exchange presence gives us a clear advantage in growing our existing business and capitalizing on the tremendous growth potential of the Pan Asian market,” said David Mu, Managing Director, BMO Capital Markets in China.
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Sophia Loren tribute, bin Laden’s compound, severe flooding in the U.S. and
Washington Post
Children’s Day in Japan, Alabama tornado recovery, drought in China and more from around the world. Actress Sophia Loren and her two sons, composer Carlo Ponti Jr (L) and director Edoardo Ponti (R), arrive at the Academy of Motion Picture Arts and
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Resetting Russian Threats
Huffington Post (blog)
China is a particularly difficult issue for it poses not only potential military challenges to the United States, but even more so to Russia. So working together to draw China into a network of positive relations is essential to easing Russian concerns
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China’s Next Port of Call: Luxury Yachts
BusinessWeek
While the number of millionaires in China is estimated at more than 447000, there are only about 100 Chinese-owned yachts longer than 60 feet, according to Rupert Hoogewerf, who compiles the Hurun Report , which tracks China’s wealthy. In the US, there
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SEC Reports on China Reverse-Mergers
Barron’s
One challenge for the SEC’s investigators, however, is China’s refusal to allow US regulators to directly subpoena witnesses or records located in the People’s Republic of China (PRC). Instead, said Schapiro, the SEC tries to work through China’s
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Brooklyn Enclave Helps New York Top Los Angeles as US Diversity Capital
Bloomberg
“For many who arrive here from China, their first home is a small apartment in a crowded neighborhood,” said resident Paul Mak, who moved to the US from Hong Kong 33 years ago. “When they are able to purchase a home, Dyker Heights represents a
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Planting delays will be felt in China
Pioneer Press
And China already is feeling the pinch of inflation. This occurs while China is letting its currency increase in value against the US dollar. This makes Chinese manufactured exports more expensive, which, all else held constant, depresses urban
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Coding to Stay in the U.S.
Patch.com
Writing code is a universal language, so talented computer engineers can come to the Silicon Valley from China or India and be highly successful. “They bust their ass. I couldn’t get that here in the US,” said Ferrell. “US schools are falling on their
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