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U.S. China News 2011.05.09

Tue, May 10, 2011

Geithner: Will Work In USChina Talks For More Flexible Yuan Policy
Wall Street Journal
Officials are gathered in Washington for the third round of the USChina Strategic and Economic Dialogue. Besides discussing the yuan, trade, and other economic issues, state officials will address sensitive strategic concerns such as human rights,
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Louisiana-Pacific targets China as US falters
MarketWatch
(NYSE:LPX) said Monday that the US lumber producer may pursue a 10-fold rise in exports to China after a hoped-for recovery in domestic homebuilding failed to materialize. The company has already expanded profitable mills in Chile and Brazil and is
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China’s Peaceful Development Is Good for America
Wall Street Journal
By DAI BINGGUO The past 40 years have seen a growth in ChinaUnited States relations that no one would have imagined when the rapprochement between the two nations began. The ubiquity of “Made in China” products in the US bespeaks deep economic ties;
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China dominates USA Diving Grand Prix
USA Today
FORT LAUDERDALE, Florida (AP) — Huo Liang won the men’s 10-meter platform event in the USA Diving Grand Prix on Sunday, part of a strong weekend for China at the Fort Lauderdale Aquatic Center. Chinese divers won three of the four events on the final
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China’s Stocks Rise as Commodities Rebound on U.S. Jobs Data
San Francisco Chronicle
May 9 (Bloomberg) — China’s stocks rose the most in almost a week after commodity prices advanced and higher-than-forecast growth in US jobs bolstered confidence in the global recovery. Coal producer China Shenhua Energy Co. led gains for energy
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Denmark, China Top Cleantech Rankings; US Sits at 17
SustainableBusiness.com
Cleantech accounts for approximately 0.3% of US gross domestic product (GDP) at about $45 billion, and the sector is expanding at a rate of 28% per year since 2008. However, the US is far behind China, which creates about 1.4% of its GDP from
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Economic Calendar: China Data, U.S. Inflation, and EU GDP
Seeking Alpha
Also out this week is annual industrial production growth rate figures from France (lower at about 4.7%), Italy (faster at about 3%), United Kingdom (lower at about 1.1%), and of course China (slightly slower at about 14.6%). The US is also expected to
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Jon Huntsman’s South Carolina Debut Suggests It’s Wrong To Write Him Off
NPR (blog)
by Frank James The conventional wisdom on Jon Huntsman, former US ambassador to China and ex-Utah governor, is that if he should announce a run for the Republican presidential nomination, his candidacy would readily be sunk by the WOE (Was Obama’s
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BMW April unit sales up 17.9 pct on China, US
Reuters
DE) sold 17.9 percent more cars in April than a year earlier on the back of demand in the United States and in China, the company said on Monday. April sales in mainland China jumped 67.2 percent to 20800 vehicles, accounting for about 15 percent of
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China’s Wang: Hopes US Will Set Timetable For Export Control Reform
NASDAQ
“Open trade and investment policies are crucial to encouraging innovation, creating jobs, increasing income, and boosting economic growth,” Wang said in the opening meeting of the USChina Strategic and Economic Dialogue. Wang said earlier Monday that
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OECD indicator flags improved outlook in China, US
Reuters Canada
The indicator showed “regained momentum in economic activity” in China and Canada while the United States, Germany and Russia were also in the midst of above-trend expansion, the OECD said. The indicator for countries belonging to the Group of Seven
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Shipping Figures Show U.S. Apparel, Footwear Imports Shifting From China to SE
PR Newswire (press release)
NEWARK, NJ, May 9, 2011 /PRNewswire/ — China’s share of US imports is declining in labor-intensive goods such as footwear and apparel, and sourcing is shifting to other countries, according to a new analysis of container import data by The Journal of
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Unlike US, China’s Smaller Electric Vehicle Plan Puts Local Firms First
DailyTech
In contrast with China’s plans for high-speed rail, which call for a massive $1T USD project that dwarfs plans in the United States, China’s electric vehicle (EV) hopes fall far short compared to its US peers. I. China — the Perfect Home for EVs,
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DailyTech

Morning business round-up: US and China trade talks
BBC News
Here’s our daily business round-up: The latest trade talks between the US and China are the subject of the main early story of the day. Senior figures from the two countries are due to meet in Washington later. The continuing row over the low value of
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China has heard these US cries before
Global Times
The ChinaUS diplomatic interaction appears to be following a set pattern: The US complains a lot about China’s “manipulation” of currency, “unfair” treatment of US multinationals and, as always, China’s “deteriorating” human rights record.
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China’s ZTE Aims At US$500 Million Worth Of Contracts From Malaysian Telcos
Bernama
KUALA LUMPUR, May 9 (BERNAMA) — China-based telecommunications equipment and network solutions provider, ZTE Corporation (ZTE), aims to secure US$500 million worth of contracts from Malaysian telecommunication companies this year, its president of
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US complaints about China yuan “unfounded” – Chen
Reuters
“From the perspective of trade, the West’s fears and worries about China’s renminbi CNY= exchange rate are unfounded because over the past three years China’s trade surplus has continuously dropped,” Chen told reporters during a break in the USChina
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China counsels US how to handle Pakistan
Rediff (blog)
The priority, rather, lies in achieving Pakistan’s stability “which is vital for the whole region” — implying that China and US would have, essentially speaking, shared interests and concerns. By MK Bhadrakumar – May 9, 2011.
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If China overtakes the US in 2016 then what will the global Gold market look
Gold Seek
The various currency crises affecting both sides of the Atlantic are reinforcing a trend set in 2007 [When French the Finance Minister suggested that the euro be sold to push its exchange rate down to protect its exports] where from the US to China and
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US Officials Stress Need for Progress on Intellectual Property Rights, Market
Voice of America
Michael Schlesinger, counsel to the US-based International Intellectual Property Alliance, says the piracy of computer software in China costs US companies billions of dollars each year. “China has made commitments in bilateral negotiations with the US
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China overtakes US as world’s largest commodity futures market
Commodity Online
BEIJING (Commodity Online) : China has overtaken the US as world’s largest commodity Futures market, according to China Futures Association. The CFA said, China’s futures market is steadily expanding. Last year, trading volume on the Shanghai Futures
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US spending bill bans NASA exchanges with China: report
Global Times
The reports came ahead of the third round of the ChinaUS Economic and Strategic Dialogue which will start today in Washington DC. Chinese Vice Premier Wang Qishan and State Councilor Dai Bingguo left Beijing on Sunday for talks with US Secretary of
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Bc-Business News Preview
WJTV
By AP Writer | (AP) WASHINGTON America’s massive trade deficit with China, currency rates and human rights concerns will all be on the agenda when top officials from the United States and China sit down for high-level talks this week.
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The Post-1980s Generation: China and America
The Atlantic
They were beneficiaries of a China that was booming economically, but were often surprisingly nostalgic for the simpler China, real or imagined, of their childhood days. Two Americans write to say that this may not be strictly a Chinese attitude.
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US businesses want concessions by China
Columbus Dispatch
US companies are looking for progress on government procurement and protecting intellectual-property rights when US and Chinese officials meet in Washington this week. John Frisbie, president of the USChina Business Council, said he’s not aware of any
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US vs. China on Small Businesses
Smartmoney.com
Instead, China’s government funds companies—often massively—only after they have established some traction on their own. In the US, in contrast, we favor the let-100-flowers-bloom approach, so to speak, directing support to all sorts of small
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Smartmoney.com

US Commodities Day Ahead: Goldman Sees Raw Materials Recovery
Bloomberg
Treasury Secretary Timothy F. Geithner will urge China to allow higher interest rates when he meets with Chinese leaders this week, as the US extends its push for a stronger yuan. After 256 billion euros ($367 billion) of bailouts and no fewer than
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India is key underweight for us; more bullish on China: Robert Prior
Economic Times
In an exclusive interaction with ET Now, Robert Prior-Wandesforde, Head of India and South East Asia Economics Research, Credit Suisse , analyses Indian equities and RBI interest rate moves from a global perspective. Would you say you are surprised by
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ChinaUS S&ED talks: a chance to deepen trust, cooperation (2)
People’s Daily Online
Ambassador Roy, and Kenneth Lieberthal, director of the John L. Thornton China Center at the Brookings Institution, both echoed similar views when asked about the state of ChinaUS relationship ahead of the S&ED. “I think there are a tremendous number
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China Watching US Debt Ceiling Debate Closely
Emii.com
The Chinese government has said that it is watching the US discussion over whether to raise the country’s debt ceiling, and increased pressure on the Obama administration to curb the deficit, according to Bloomberg. On Friday, China’s vice-finance
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China’s Stock Futures Rise as Commodities Rebound on U.S. Jobs
San Francisco Chronicle
May 9 (Bloomberg) — China’s stock-index futures rose, signaling gains for the benchmark index, after commodity prices advanced and higher-than-forecast growth in US jobs bolstered confidence in the global recovery. PetroChina Co. and China Shenhua
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UN Body: China is New Major Investor in Latin America
istockAnalyst.com (press release)
(Source: Info-Prod Research (Middle East))According to FDI: China has become one of the most important investors in Latin America and the Caribbean accounting for almost 9 percent of the total investment flow to the region in 2010, the United Nations
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Biden and Clinton lecture China on human rights
Seacoastonline.com
The remarks from Biden and Clinton and Dai were made during an opening ceremony of this year’s USChina Strategic and Economic Dialogue. The two days of talks will bring together top officials in the areas of economics and foreign policy.
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Wheat, Soybeans Gain for a Second Day as Concern About Supply Draws Buyers
Bloomberg
Hot, dry weather early this week may increase the risk to the winter-wheat crop in the central and southern Plains of the US, Telvent DTN Inc. said in a May 6 forecast. Winter-wheat areas in western Europe and central China also need rain,
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Groupon enters a crowded market for deals in China
Chicago Tribune
But China’s emerging consumers are expected to boost the sector tenfold this year to $3 billion, according to Tuan800, a website that tracks the industry in China. “It’s really taken off like it has in the US,” said Bill Bishop, a Beijing-based
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China’s Energy Sources (source: US EIA)
The Cutting Edge
In August 2010, a report from the Paris-based International Energy Agency stated that China had become the world’s number-one energy consumer, surpassing the United States. Specifically, China consumed 2.252 billion tons of oil equivalent in 2009
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US has date with China’s big fiery Dragon
The Detroit News
It’s an economic and political tale that will have a new chapter written Monday and Tuesday, when the top government officials from the US and China meet for high-level strategic talks. Uncle Sam would like China’s Dragon economy to have a more fairly
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Apple iPad 2 Goes On Sale In China
PCWorld
By IDG News Service, PCWorld May 9, 2011 12:00 AM The iPad 2 has been on sale in the US since March, but for Apple fans in China, the wait ended on Friday morning. At 8 am local time, Apple stores in Beijing and Shanghai opened doors to hundreds that
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China bets on electric vehicles
The Detroit News
BYD Ltd., a leading Chinese automaker, aims to export electric cars to the United States and Europe next year. Already, US lawmakers claim that some of China’s electric car policies, notably its incentives, discriminate against US and other foreign
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China extends anti-dumping duties on synthetic rubber
Reuters
Trade disputes are likely to feature at the annual USChina Strategic and Economic Dialogue, set to begin in Washington on Monday. Chinese officials will then travel to Europe for China-EU talks. China’s Commerce Ministry said last week that some
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Cuba’s Hunt For Oil Raises Questions For US
NPR
by Nick Miroff An oil rig operated by Cuba and China in eastern Havana. The Cuban government and its foreign partners plan to begin drilling in the Gulf of Mexico this fall. An oil rig operated by Cuba and China in eastern Havana.
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Opening View: Stocks Pointed Modestly Higher Ahead of U.S. Talks with China
Schaeffers Research (press release)
Ahead of the bell today, stocks are poised to continue where they left off, with futures headed north ahead of high-level talks between the US and China. The countries’ annual meeting will feature discussions on currency rates, the trade deficit,
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