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U.S. China News 2011.05.10

Tue, May 10, 2011

US says China agrees steps to level playing field
Reuters
WASHINGTON (Reuters) – China has agreed to take a number of steps to level the playing field for American firms, especially in the area of government procurement, a senior US Treasury official said on Tuesday. Chinese officials at this week’s USChina
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China reassures US on government contracts
Reuters
Zhang’s remarks on the sidelines of the annual USChina Strategic and Economic Dialogue in Washington appeared to amplify on a key promise that Chinese President Hu Jintao made during a January visit to Washington. Foreign companies have worried that
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Oil rises on flood threat to US refiners, China
Reuters
“The other bullish influence today is the strong trade data from China, which seems to have overcome, at least for the moment, concerns about any slowdown in its economy.” Chinese crude oil imports in April were the third highest on record,
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First Solar, CPINE to cooperate on solar projects in China, U.S.
Reuters
CPINE is a subsidy of China Power International Holding Ltd, the main listed arm of China Power Investment Corp, one of China’s five major state-owned power producers. “This agreement can serve as a model for USChina collaboration on renewable energy
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US STOCKS-Wall St rises on China hopes, Internet deal
Reuters
By Angela Moon NEW YORK, May 10 (Reuters) – Wall Street edged higher on Tuesday as China’s trade surplus eased fears about a slowdown in global economic growth and Microsoft said it would pay $8.5 billion in cash for Internet phone service Skype.
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Schwab Says U.S.China Relations Facing `More Stress’
Washington Post
May 10 (Bloomberg) — Susan Schwab, strategic adviser for Mayer Brown LLP and former US trade representative, talks about the state of USChina relations. China Vice Premier Wang Qishan, US Treasury Secretary Timothy Geithner and other officials from
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US, China brought closer still
Asia Times Online
The answer to this question has important implications, not only for Sino-US relations but also for the geopolitics of South and Central Asia, and the Persian Gulf. United StatesChina anti-terrorism cooperation has been relatively solid since
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US, China clash on rights deepens as talks wrap up
Bangkok Post
The United States and China on Tuesday sharpened the tone in their disagreements over human rights as top-level talks looked set to yield only general promises of cooperation. US Secretary of State Hillary Clinton (C) and China’s State Councilor Dai
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As Expected, China Raises Yuan-Dollar Peg Ahead of US Meeting
Forbes (blog)
Both Redward and Rachapudi said that China would likely raise its dollar-peg ahead of the third annual ChinaUS Strategic and Economic Dialogue, which ends in Washington on Tuesday. “One-off revaluation in the short term will put China in a difficult
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U.S. pleased with first day of China talks
MarketWatch
Chen went on to complain that US media outlets don’t report on US decisions that block Chinese investment. US officials insist that the American economy is open for all countries including China. US officials focused their summary of the first day of
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US Republicans press for results from USChina talks
Reuters
By Doug Palmer WASHINGTON May 9 (Reuters) – Congressional Republicans on Monday urged the Obama administration to hold China’s feet to the fire over currency and industrial policies they said are hurting American companies. “The USChina relationship
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FVR to PNoy: Confront US, China issues
Manila Bulletin
Chinese government officials have often been quoted as saying that the words and actions of the US with regards to the Spratlys can actually be considered as “meddling” with the dispute between China and other claimants, including the Philippines,
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Pakistani PM Disses US And Says China Is Its New “All Weather Friend”
The Business Insider
Image: AP In his 30-minute speech to parliament following the US raid on Osama Bin Laden, Pakistan Prime Minister made one thing very clear: China is is Pakistan’s new best friend. According to the Globe and Mail, Gilani will remain receptive to US
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Report: Clinton slams China’s rights record
Atlanta Journal Constitution
Clinton had also raised human rights, though less stridently, at the start of the USChina Strategic Dialogue, which entered its second and final day Tuesday. Both countries have tried to stress a generally positive track in relations between the
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Unification looms: US academic
Taipei Times
However, in reality, he told the conference at George Washington University’s the Sigur Center for Asian Studies, Taiwan’s “weak self-strengthening” and a marked decline in US support for its freedom of action further bound it to accommodating China.
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U.S., China To Sign 6 EcoPartnership Agreements
RTT News
(RTTNews) – Six new USChina EcoPartnership agreements will be signed on Tuesday on the sidelines of the ongoing third annual USChina Strategic and Economic Dialogue (S&ED). US Secretary of State Hilary Clinton will deliver opening remarks at 9:30 am
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China finds that US automakers received unfair subsidies
Autoblog (blog)
by Chris Shunk (RSS feed) on May 10th 2011 at 8:59AM While many in the US think trade between the home team and China is a one-way street, the truth is that exports to The Land of the Great Wall was worth $91.9 billion in 2010 alone.
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For American retailers, Chinese can be tough customers
Washington Post
But coming just as two other American retail giants, Home Depot and Best Buy, also announced plans to scale back their China ambitions, the demise of the Shanghai Barbie store offers a broader, cautionary tale for US firms looking to profit from
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China’s stealth fighter could beat US‘ best: Report
Economic Times
Though the Defense Department declined to comment on the report, a Pentagon spokesperson said that the US has been carefully monitoring China’s comprehensive and sustained military modernization and its implications for the region.
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Analysis: Too early to call a bear market for copper
Reuters
Copper prices tumbled with other commodities last week as the dollar strengthened and investors fretted about consumption after disappointing surveys of manufacturing in top consumers China and United States. LME copper fell to $8657.50 a ton last week
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China warns US on Tibet
MSN Philippines News
China on Tuesday warned the United States to show caution in its handling of restive Tibet as the world’s two largest economies met for wide-ranging talks. Executive Vice Foreign Minister Zhang Zhijun said that US leaders assured Beijing’s delegation
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EMERGING MARKETS-Brazil, Chile gain on China growth outlook
Reuters
The Brazilian real BRBY rose 0.62 percent to a bid price of 1.608 to the US dollar. Chile’s peso CLP= gained 0.39 percent to 465.40 to the dollar. China recorded a trade surplus of $11.4 billion April, its first since January, the Chinese government’s
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Anti-China Rhetoric Can Cost America $2 Trillion
CNBC.com
The New York-based Asia Society, recently issued a report saying that the US could lose out on $1-2 trillion of investment from China in the years ahead. Why? Fear mongering about China by American politicians and businessmen like Donald Trump has made
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US Stocks Advance on Deals; Microsoft to Pay $8.5 Billion for Skype
Ticker Magazine
11:00 AM New York – US stocks traded higher on merger news. Microsoft agreed to acquire Skype for $8.5 billion in cash. American Idol parent CKX agreed to go private. China’s April exports and trade surplus soared and US import prices increased at a
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Copper: Awaits China, US economic data
Commodity Online
Copper prices will continue to experience fluctuations this week as US economic data to be released this week is expected to remain positive, which will support copper prices. However, China will continue its tightening monetary policy as inflationary
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Duke Energy and ENN Group Sign EcoPartnership at U.S. State Department
PR Newswire (press release)
18, 2011, announcement of a Duke Energy and ENN collaboration on the development of green cities in China and the US The EcoPartnership will focus on cleaner energy generation, smart grid technologies, energy storage and energy efficiency solutions.
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US China Mining Group, Inc. to Host First Quarter Earnings Conference Call on
Sacramento Bee
When prompted, ask for “US China Mining Group ” and/or be prepared to provide the conference ID. Please dial in at least 10 minutes before the call to ensure timely participation. A playback will be available through May 30th, 2011.
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Dear Mrs. Clinton: whether you believe it or not, China is a threat to America
ZDNet (blog)
By David Gewirtz | May 10, 2011, 5:00am PDT I am convinced that China is America’s greatest long-term threat. I’ve done the research that seems to prove it. As a child, David Gewirtz discovered he was a geek sometime during the middle of the Johnson
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Remarks at USChina EcoPartnerships Signing Ceremony
US Department of State (press release)
Just now, Secretary Clinton taking her time out during the busy time of the third round of ChinaUS Economic and Strategic Dialogue, and attending our ceremony. That’s fully demonstrating her – and her – the importance she attached to the ChinaUS
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USChina oil conflict behind Libya war’
Press TV
The US has waged the Western coalition’s war on Libya in an attempt to evict China from the oil-rich areas of the North African country, a former US Treasury official says. The crisis in Libya is mostly a “CIA operation and the US government is trying
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Is our debt to China a national security risk?
Salon
In early 2010, as Reuters reported, senior Chinese military officials urged that China sell some US government bonds as a punishment of sorts for Washington having sold arms to Taiwan (although the threat was not followed through).
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China starts office to control 457 million Internet users
USA Today
Secretary of State Hillary Rodham Clinton, who has championed Internet freedom and criticized Chinese censorship, will again raise the issue of online freedom with Chinese officials today during the annual USChina Strategic and Economic Dialogue in
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How Broke Chinese Governments Sold Kidnapped Babies To America For Adoption
The Business Insider
In the name of China’s one-child policy, officials in Hunan Province have been seizing children and using adoption fees to bolster tax revenue. A new report from Caixin related the rise in forced adoption to the abolition of agricultural taxes in 2006,
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Rise and rise of gold: Will prices hit $2500 on ‘insatiable’ Chinese demand?
International Business Times
The Chinese are complaining that the US Federal Reserve policies effectively result in exporting America’s inflation to China. And they are finding that gold is arguably the best hedge against the runaway costs in the domestic market.
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Brookings’ Prasad Interview on USChina Relations
Bloomberg
May 10 (Bloomberg) — Eswar Prasad, a senior fellow at the Brookings Institution in Washington, talks about USChina relations. US Treasury Secretary Timothy F. Geithner and Chinese Vice Premier Wang Qishan pledged yesterday to tackle currency,
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Man sentenced for trying to smuggle missiles from China
Reuters
Chen was found guilty by a federal jury in Los Angeles last October, after a two-week trial, of conspiracy to smuggle shoulder-fired, surface-to-air missiles from China into the United States, along with other charges. “Mr. Chen was the first person in
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Mortgage Rates Lower in US, Higher in China
ADI News
As expected, China’s mortgage rates are on the rise to strengthen Chinese banks. China is also building protections against what the US is currently experiencing in their housing market. Chinese banks are extending less credit which is seen as a means
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Asia shares boosted by US jobs growth, Europe down
BusinessWeek
Ltd., the publicly traded unit of China’s biggest oil and gas company, was 1.7 percent higher. Australia’s S&P/ASX 200 added 0.3 percent to 4756.80, with BHP Billiton Ltd., the world’s largest mining company, gaining 0.4 percent and rival Rio Tinto
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Lawmakers seek info on risks of China holding US debt
AFP
The report must include “a discussion of any options available to China for deterring United States military freedom of action in the Western Pacific as a result of its creditor status,” according to the legislation. The measure would give the US
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USChina Talks May Help Bring Countries Closer, Sasser Says
Bloomberg
By Vincent Del Giudice and Mark Crumpton – Mon May 09 18:59:05 GMT 2011 Talks between US and Chinese officials may help bring the countries closer together on economic issues, said James Sasser, former ambassador to China during the administration of
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Saab head: Chinese-built cars could be sold through Saab dealers by 2014
LeftLane News
Muller said Saab’s US distribution network could be used to sell a Chinese-made vehicle for around $10000, but stopped short of specifically naming Hawtai Motor. Muller added that “there are 120 companies” in China that could utilize Saab’s dealer
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Reporter Asks, Is China More Transparent Than Obama Administration?
Fox News
Journalists covering the first day of a USChina summit in Washington on Monday were given access to Chinese officials on several occasions, but for an American perspective, they had to rely on a conference call briefing by two administration officials
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NSFocus Launches North American HQ with Security Appliances, Web Service
eWeek
None of the customer data will be going to China and all the scanning will be done on partner infrastructure in the US, according to Abernethy. The anti-threat team in China will be analyzing threats and exploits and make that information available for
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