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U.S. China News 2011.05.06

Fri, May 6, 2011

China’s Direct Investment in the US Doubled in 2010
Forbes (blog)
For instance, nearly half that $11.7 billion was invested just last year, which was more than double China spent on US assets in 2009, according to the study from the Center on USChina Relations at the Asia Society and the Kissinger Institute on China
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China Everbright to raise more than US$6b in HK IPO
Channel News Asia
HONG KONG: The Beijing-based lender China Everbright is seeking to raise more than US$6 billion in an initial public offering in Hong Kong. Reports say that the bank is seeking listing approval from regulators as early as next month, and could make its
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Economic Issues Top China’s Meeting Agenda with US Officials
Voice of America
Chinese officials say other issues of concern include access for Chinese companies to the US market and the US debt debate. One of the most contentious issues between China and the United States is reforming the exchange rate of the Chinese currency,
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Help China Invest More in USA, Report Says
Forbes (blog)
By KENNETH RAPOZA The Chinese are coming, and the US government should lend a hand in helping China business invest even more here, according to a study conducted by the Asia Society and the Kissinger Institute on China and the United States.
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Drought to Persist in China, US Europe Wheat Areas, UK Forecaster Says
Bloomberg
The La Nina event is likely to continue to block rain from moving into the wheat-growing regions in the US and China through mid-May, while the North Atlantic Oscillation will curb significant rainfall in France, Germany and the UK, preventing the
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Canada to benefit from US manufacturing renaissance
National Post
Harold Sirkin, who is based in Chicago and a senior partner at Boston Consulting Group, predicts a renaissance in industrial manufacturing in the United States by 2015 as outsourcing production to China becomes less attractive to US companies due to
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China’s religious community rejects US commission report on religious freedom
Associated Press of Pakistan
“What has been described about China in the report is entirely different from what we have observed and experienced,” the consensus said. “Members of the US commission had exchanges with us previously. However,the views in the report are totally
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China blasts US government for operation that killed Osama
International Business Times
China has officially criticized US President Barack Obama’s administration for the military operation that led to the killing of al-Qaeda chief Osama bin Laden. “China holds that the independence, sovereignty and territorial integrity of any country
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China Cuts US Do Practice “Dumping”
Business Area
The indication, export cars to China from the United States tripled in the period 2010 compared to 2009, worth 3.4 billion US dollars. “After an investigation conducted by trade ministers (China) found sedans and sport utility vehicle with 2.5-liter
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China’s Commodities Follow U.S. Dive
Business China
May 6, China’s metal and agriculture contracts were in full retreat on Friday, as losses in the US accelerated on Thursday after disappointing economic news raised concerns about a recovery in demand. The S&P GSCI index of 24 commodities slumped 7.3%
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China to outstrip US economy. So what?
The National
Sensible analysis should address how the roles of the US and China have been changing over past decades and will continue to change over the coming decades. This will likely prove a far more useful exercise than fixating on the relative sizes of the
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Could US Stealth Chopper Secrets Reach China?
Christian Broadcasting Network
But there are concerns that China’s military will try to get its hands on the technology. “The Americans will be extremely keen to get the wreckage back, but there will also be real concerns about the technology finding its way to China,” said Peter
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US auditor watchdog hopeful of access to China
Reuters
By Dena Aubin NEW YORK, May 5 (Reuters) – US audit watchdogs are hopeful of ending a stalemate that has blocked inspections of auditors in China, the head of the audit oversight agency said on Thursday. With more Chinese companies raising capital in
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ATI Boosts China Tourism and USA Economy
Business Wire (press release)
Travel to China with ATI through AAA offers unique ‘people to people’ experiences and helps accomplish this important global objective” ATI is the only in-bound and out-bound tour operator arranging travel between both the USA and China.
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China’s First Space Station: A New Foothold in Earth Orbit
Fox News
The last team to visit that US station set a world record at the time for longest stay in orbit, 84 days. The 100-ton facility re-entered Earth’s atmosphere in 1979. China’s goal for the program, Kulacki said, is equally simple: to acquire experience
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China Tries to Silence American Advocacy Site With Attacks, FBI Fires Back
DailyTech
China Tells US to Censor the Media China’s government has issued a statement attacking Change.org and, in effect, demanded the nullification of the American media’s Constitutionally-guaranteed right to free speech. “The issue is under investigation and
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US, China to discuss Middle East developments
Reuters
“This will be the first time that we’ve really met at a consequential high level since the developments that have swept through the Middle East,” one of the officials told a news briefing ahead of next week’s USChina Strategic and Economic Dialogue
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CHINA: Students against US prices for ‘branch’ degrees
University World News
New overseas branch campuses being set up by US, British and other Western universities in China could flounder or rack up huge additional costs to the parent university because Chinese students are not willing to pay overseas levels of tuition fees
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Jean Quan heads trade delegation to China
San Francisco Chronicle
Oakland Mayor Jean Quan will lead a delegation today to China, where she hopes to persuade Chinese investors to see the city as a center for tourism and shipping. Quan hopes her status as the first Chinese American mayor of a major US city will help
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Texas-Ex Troy Dumais qualifies for FINA World Championships
TexasSports.com
Former Longhorn and three-time US Olympian will represent the US this summer in Shanghai, China. FORT LAUDERDALE, Fla. – Texas-Ex Troy Dumais took third place in the men’s three-meter diving preliminary round Thursday afternoon at the AT&T USA Diving
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New Deal for Hong Kong and US trade
eTurboNews
Signed by HKTDC Executive Director Fred Lam and US Assistant Secretary of Commerce for Trade Promotion Suresh Kumar, the Pacific Bridge Initiative program aims to help US companies tap growing Asian markets and Mainland China in particular.
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Analysis: Oil, other commodities still too pricey for China
Reuters
By Fayen Wong SHANGHAI (Reuters) – Buying on dips is a strategy that has served China well as it feeds its impressive economic growth with a wide range of raw materials. But those hoping Chinese buying will help reverse a sell-off in commodities in the
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China: Stronger Yuan Does Not Hurt Forex Reserves
CRIENGLISH.com
A rising yuan will not cause heavy losses to China’s 3-trillion-US dollar foreign exchange reserves, the nation’s forex regulator said on Friday, refuting some media reports that a stronger yuan against the US dollar had led to heavy losses of the huge
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America’s Terminal Decline vs The Rise of China
Mathaba.Net
Mu’ammar Qaddafi warned on his web site algathafi.org since many years that the (nuclear) confrontation between USA and China is inevitable. by Stephen Lendman What distinguished experts long knew (timetables aside), the IMF just recognized,
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California Boutiques Capture Corner of the China Trade
Texas Lawyer
And in China, she said, “a good relationship with the government is very important.” Robert Allan, founder of Allan Law Group in Malibu, Calif., began operating in China in 2003 under the name USA China Law Group. His team of five lawyers,
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Copper Rebounds From Five-Month Low in NY After US Jobs Data
Bloomberg
Prices have slumped amid concern that higher interest rates will slow growth and cool metals demand in India and China, the world’s biggest consumer. “Much of the play in metals is a bet on China,” Edward Meir, a senior analyst at MF Global Holdings
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Lexus Fights ‘House on Fire’ as BMW Steals Decade-Long US Lead
Bloomberg
BMW and Daimler are adding models in the US, increasing local production and offering higher incentives than Lexus to boost sales and hedge against overexposure to booming demand in China. The earthquake has added to Toyota City, Japan-based Lexus’s
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Cameroon gets US $540 million for hydro dam from China
Coastweek
YAOUNDE (Xinhua) — Cameroon and China on Tuesday signed a loan agreement worth 243 billion FCFA ( 540 million US dollars) to construct a hydroelectric dam in the southern part of the country. The completion of this dam will enable this Central African
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Long queues for iPad 2 in China
AFP
China has a booming grey market for Apple products to satisfy pent-up demand — perhaps prompting the California-based high-tech giant to gradually shorten the lag time between the US and China launches of its coveted gadgets.
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ODI Set to Overtake FDI ‘Within Three Years’
CRIENGLISH.com
China has invested in 35 of the 50 US states, with the largest investments in Texas, New York and Virginia. China will urge the US to lift trade and investment barriers during the Third ChinaUS Strategic and Economic Dialogue to be held in Washington
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Globe-spanning flight to link US, China
AOPA Pilot
He intends to stop in more than 40 cities and 21 countries, using the flight to raise money for Memphis’ St. Jude Children’s Research Hospital, raise awareness of GA in China, strengthen USChina relationships, and promote Memphis, his current home.
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White House: China is Potential Partner in Future Mars Exploration
Space.com
WASHINGTON — US President Barack Obama views China as a potential partner for an eventual human mission to Mars that would be difficult for any single nation to undertake, a senior White House official told lawmakers. Testifying May 4 before the House
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GREATER CHINA DAYBOOK: US Dialogue; Raising Electricity Price
BusinessWeek
By Bloomberg News May 6 (Bloomberg) — China’s Vice Finance Minister Zhu Guangyao and Vice Foreign Minister Cui Tiankai brief media at 10 am in Beijing about the USChina Strategic and Economic Dialogue to be held in Washington next week.
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US Table Tennis Open comes to Milwaukee
Milwaukee Journal Sentinel
The tournament, which is open to the public, will also kick off a local celebration of the 40th anniversary of Ping-Pong Diplomacy, the 1971 table tennis exhibition in Beijing in which teams from China and US competed for the first time in decades.
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Global CEOs rate India, US, China, Germany, Brazil
Rediff
So, let’s see how global CEOs rank China, the United States, India, Germany and Brazil. Image: India remains a key area of importance. Sourcing: Thirty-seven per cent of the CEOs say they plan to shift their sourcing to China.
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Zuckerberg Can Rest Easy at China’s Challenge: William Pesek
Bloomberg
(Source: Bloomberg) May 4 (Bloomberg) — Lise Buyer, principal of Class V Group, talks about Renren Inc.’s US trading debut and outlook. China’s biggest social-networking website by page views surged 29 percent in New York Stock Exchange trading after
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China Digital TV Announces Date for Second Dividend Installment
PR Newswire (press release)
On November 22, 2010, China Digital TV declared a special cash dividend of US$2.00 per share on the Company’s ordinary shares, par value US$0.0005 per share. Each of the Company’s American depositary shares represents one ordinary share.
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Wind Energy’s Poised To Pop After Strong First Quarter
Forbes (blog)
Blitterswyk explained that wind has benefitted from the Obama administration increased interest in renewable energy, especially as China has been one of the leaders in clean energy, “why would the US do anything to turn green if China will continue to
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Alcatel Q1 sales reveal US dependence
Reuters
ST) and China’s Huawei [HWT.UL], reported first-quarter revenues up 15 percent from a year earlier to 3.74 billion euros ($5.23 billion) and confirmed annual goals to reach an operating margin of 5 percent or more. Revenues in North America were up 40
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U.S. Rare-Earth Stockpiles Would Tighten Supply, Molycorp Says
San Francisco Chronicle
In July, China announced that it would cut export quotas by 72 percent, sending the price of some rare earths up sixfold. China produces about 95 percent of the world’s supply of 17 elements known as rare earths, which are the only materials suitable
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Avon fires 4 executives under suspicion of bribery
Global Times
US cosmetics company Avon Products, Inc. has fired four of its executives thought to have connection in bribery charges in China which include paying inappropriate mission and entertainment fees to Chinese officials, according to a report from the
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Chindex International, Inc. to Report Financial Results for the Three Month
Sacramento Bee
Chindex is an American health care company providing health care services in China through the operations of United Family Healthcare, a network of private primary care hospitals and affiliated ambulatory clinics. United Family Healthcare currently
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Long way from home: Kazakh opera singers will make their US debut in Jersey
The Star-Ledger – NJ.com
They have toured Russia, Europe, China and South Africa. But they never have performed in the United States. Performing with Coro Lirico, a group dedicated to concert opera and led by music director Jason Tramm, the Gizatulins will make their stateside
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Cost of wheat, corn, other commodities mushroom
Examiner.com
Any time you try to take something that’s 70% of your economy and reign it in, transition history tells us that usually the risks are to the downside.” If what’s going on in China is the beginning of global hyperinflation, it is bringing us another
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