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U.S. China News 2011.05.12

Fri, May 13, 2011

Washington Worries China Will Challenge US Dominance in Space
Space.com
US power brokers aren’t sure how to handle China’s rapidly expanding space capabilities, according to testimony at a congressional hearing yesterday (May 11). China recently demonstrated the ability to destroy satellites on orbit, and it’s ramping up
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US Commodities Day Ahead: Raw Materials Extend Drops on China
Bloomberg
Palm oil fell for the first time in four days as crude oil, corn, wheat and soybeans declined after a US government report showed inventories will be larger than expected, easing food and fuel supply concerns. Sugar imports by China, the second-biggest
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RPT-SPECIAL REPORT-China stock scams are the latest US import
Reuters
Top officials from both the United States and China concluded their once-a-year Strategic and Economic Dialogue meeting in Washington on Tuesday, saying they would work toward enhancing “mutual trust and strive to reach agreement on cross-border
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China gymnast’s US lawsuit risks tainting image
The Associated Press
BEIJING (AP) — Thirteen years after a training accident left her paralyzed and ended her career as a world-class gymnast, China’s Sang Lan has filed a lawsuit in the United States, one that threatens to tarnish her carefully maintained reputation for
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US adopts harsher tone toward China on human rights
Reuters
Secretary of State Hillary Clinton speaks during the third annual USChina Strategic and Economic Dialogue (S&ED) at the Department of the Interior in Washington May 9, 2011. By Arshad Mohammed WASHINGTON (Reuters) – The United States is taking a
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Hardy perennials block USChina light
Asia Times Online
By Jingdong Yuan SYDNEY – China and the United States have raised the feel-good factor with headway on a raft of issues, including cooperation between what are now the world’s two biggest economies, by the end of their third annual talks.
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Direct investment from China benefiting America: US media
Xinhua
WASHINGTON, May 12 (Xinhua) — Foreign direct investment from Chinese firms in the United States can create win-win situation, according to an article published by the Wall Street Journal on Thursday. “China’s gain could also be America’s gain,” said
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ChinaUS S&ED, a transpacific conversation for cooperation
Xinhua
But when he used a Chinese proverb “you fu tong xiang, you nan tong dang” – meaning “share fortunes together, meet challenges together” in English – at the opening session of the third round of the ChinaUS Strategic and Economic Dialogue here (S&ED)
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China and the United States sign economic and security agreement
Examiner.com
Hot button issues include differences over China’s management of its currency (the yuan or renmimbi) and the January 2010 cut in relations by the People’s Liberation Army (PLA) and the US military because of the announced sale of $6.4 billion of
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China Zenix Auto prices IPO at bottom of range, raises $77.4 mln
Reuters
May 12 (Reuters) – China Zenix Auto International Ltd , a commercial vehicle wheel maker, said it raised $77.4 million in its initial public offering at $6 per American depositary share (ADS), continuing a recent wave of Chinese IPOs hitting US markets
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Pakistan not to share US helicopter wreckage with China: Husain Haqqani
DailyIndia.com
According to the report, a US official said he did not know if the Pakistanis had offered a peek of the chopper’s remains to China, but added that he would be “shocked” if the Chinese had not already been given access to the damaged aircraft.
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Taiwan’s president urges US to sell F-16s to provide leverage in negotiations
Washington Post
By AP, WASHINGTON — Taiwan’s president says the US should sell the self-governing island F-16 fighter jets to help it maintain a credible defense and provide it leverage in negotiations with China. President Ma Ying-jeou (mah yeeng-joh) said Thursday
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US Stocks Pare Losses As Defensive Stocks Rebound; DJIA Down 14
Wall Street Journal
By Jonathan Cheng NEW YORK (Dow Jones)–US stocks pared their sharp losses as defensive stocks in the consumer staples and telecom sector strengthened following China’s move to tighten lending. The Dow Jones Industrial Average was off 14 points,
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Exclusive: Asia holds its nose, keeps buying US debt
Reuters
Interviews with policymakers from several Asian countries — including Japan and China, the two largest foreign holders of US debt — showed officials were concerned that US lawmakers would fail to authorize additional government borrowing before a
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China challenges U.S. optics industry
Rochester Democrat and Chronicle
But China arguably could lay claim to that mantle, as factories there turn out half the world’s optics. Now the domestic optics industry’s future revolves largely around trying not to give up any more ground to overseas competition.
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No winners in US hi-tech export controls
People’s Daily Online
Sun noted that the US restrictions on high-tech exports have been a main contributor to its trade deficit with China in recent years. Sun Zhe, director of the Center for ChinaUS Relations at Tsinghua University, said the current US administration has
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Loonie declines, oil tumbles amid US inventory data, fears of China slowdown
The Canadian Press
TORONTO — The Canadian dollar closed lower against the American currency Wednesday as worries about a deeper economic slowdown in China and signs of lower US crude demand helped spark a selloff of commodities and strengthen the greenback.
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The Morning Fix: US tries to crack wall in China! Hugh Grant wooed for ‘Two
Los Angeles Times
Elsewhere in the media world, the US film industry is taking another crack at opening doors in China. Hugh Grant has had talks about joining “Two and a Half Men.” Comcast hires a top regulator for its lobbying efforts. Trying to break down the wall.
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Chinese State Councilor Meets US National Security Advisor
CRIENGLISH.com
Dai said that in the third round of ChinaUS Strategic and Economic Dialogue (S&ED) that concluded on Tuesday in Washington, the two sides, with a view to implementing the important consensus reached by the two heads of state during Hu’s visit to the
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China CIC official: U.S. treasury debt still a safe investment
Reuters
BEIJING May 12 (Reuters) – US government debt remains a safe investment despite depreciation risks for the US dollar, an official from China’s sovereign wealth fund said on Thursday. The comments were made by Laurence Lau, head of the Hong Kong office
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Hollywood pushing to release more films in China
Los Angeles Times
Representatives of the Motion Picture Assn. of America and the office of the US trade representative have been working on crafting a compromise in a long-running trade dispute with China, which has had a rocky history with Hollywood but has become an
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China bourses follow US markets down
Global Times
By Li Xiang in Shanghai The Shanghai and Shenzhen stock markets both closed trading Thursday on steep drops, influenced by a slide in US markets along with the plunge of commodity prices. The Shanghai Composite Index plunged 1.36 percent,
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China joins US in anti-EU flight quota battle
EUobserver.com
EUOBSERVER / BRUSSELS – China has joined the US in looking for ways to get out of the EU’s upcoming CO2 cap-and-trade regime for foreign airlines flying in and out of the union. A senior Chinese official speaking at an aviation forum in Beijing on
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USChina Meeting Ends With Modest Gains
Jakarta Globe
US Treasury Secretary Timothy Geithner and Chinese Vice-Premier Wang Qishan shaking hands after inking an economic cooperation agreement in Washington, DC on Tuesday. (Bloomberg Photo) Washington. A top-level meeting between the United States and China
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Desire to Please Parents Motivates Kids at School
U.S. News & World Report
By Jenifer Goodwin THURSDAY, May 12 (HealthDay News) — Children in both China and the United States who want to please their parents tend to do better at school, new research finds. Yet in the United States, American kids’ drive to please their
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China and the US: Moments of Candor
New Yorker (blog)
In the past few days, top officials in China and the US have been quoted in unusually colorful terms about one another, revealing—either wittingly or unwittingly, depending on the point of view—mutual perceptions that can shed light on views at the
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Dissidents seek to derail the nomination of Gary Locke for US ambassador
Nolan Chart LLC
by John Kusumi An array of pro-democracy Chinese dissidents, Falun Gong practitioners, and rights groups are lodging vociferous objections to the nomination of Gary Locke for US ambassador to China. Locke, a Chinese-American, is a former governor of
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Wind Energy in China: 10 Stocks You Need to Know
Seeking Alpha
It was the year when China overtook the US to become the global leader in wind energy. During 2010, China installed no less than 16482 MW in new capacity to bring its total to 42287 MW. By contrast, the US installed just 5115 MW in new capacity to
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Expansion of USChina EcoPartnerships Program
Utah Business
by PR or News Wire Secretary of State Hillary Rodham Clinton and Xie Zhenhua, Vice Chairman of the National Development and Reform Commission (NDRC) of the People’s Republic of China delivered remarks at a USChina EcoPartnerships Memorandum of
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Chinese churches petition parliament for religious reform
Reuters
It comes as the United States has sharply criticized China for its crackdown on dissent. China has jailed, detained or placed in secretive informal custody dozens of dissidents, human rights lawyers and protesters it fears will challenge Communist
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Senior PLA delegation of China to visit US
People’s Daily Online
It is seven years since the chief of general staff of the PLA visited United States last time, and it is also the most important visit since Xu Caihou, the vice president of the Central Military Commission of China, visited the United States in 2009.
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Our View: Working wonders with China and the US
Pasadena Star-News
“The Chinese attitude is to not let minority rights get in the way of majority views,” Professor Zhe Sun, director of the Tsinghua Center for USChina Relations, told us. When the subject of the recent arrest and ongoing detention without any contact
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Taiwan: stop calling us a “province of China
GlobalPost (blog)
(PATRICK LIN/AFP/Getty Images) First it was the World Health Organization, which classified Taiwan as “province of China” in an internal memo. Now it’s Vietnam, which wrote the same phrase on a Taiwanese person’s resident card. “Province of China” is
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US Stocks Pare Earlier Declines as Dollar Erases Advance
BusinessWeek
By Rita Nazareth May 12 (Bloomberg) — US stocks pared losses as the dollar reversed an earlier gain and commodities recovered from a slump triggered by China’s efforts to curb lending. Alcoa Inc., the largest US aluminum producer, rose 0.7 percent,
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China quake rebuilding success masks deeper woes
Reuters
“They don’t even allow us to sell things on the street here. It’s not fair.” Despite the accusations, China’s leaders have touted the reconstruction as a domestic victory and an example for Japan. “The central government’s ability to gather resources
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US looks to resume leading role in Asia
Global Times
Because the overwhelming interest of your people, my people, and the rest of the world’s people is that there isn’t conflict between the US and China. And we will always finda way to find a new priority, a new way of managing each of these issues.
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Hong Kong paper says China to push for removing restrictions on firms in US
American Chronicle
One of the key sources of trade friction is that China says the US imposes restrictions on mainland companies entering its market, citing national security concerns. China has said it would buy more from the US if controls on hi-tech goods were not so
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White House to unveil cybersecurity proposal
Reuters India
WASHINGTON (Reuters) – The White House on Thursday was expected to unveil a major cybersecurity proposal aimed at protecting critical US infrastructure from computer attacks including many believed to originate in China. The White House proposal would
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Detained artist a further blow for China quake parents
Reuters
Now that he (Ai) can’t help us, our hearts hurt … he is truly someone who cares about the people, like a mother.” Ai, who was very active during the second anniversary of the quake last year, deploying social media like Twitter to publicize the
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JinkoSolar Prices Offering of US$125 Million of Convertible Senior Notes
Benzinga
Ltd. (the “Company”) (NYSE: JKS), a fast-growing, vertically-integrated solar power product manufacturer with low-cost operations based in China, today announced it priced the offering of US$125 million in aggregate principal amount of convertible
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China’s Nanshan to build US aluminium plant-paper
Reuters
BEIJING May 12 (Reuters) – Chinese aluminium maker Shandong Nanshan Aluminium plans to build a $161 million aluminium plant in Lafayette, Indiana, the China Daily newspaper reported on Thursday. The plant will start up by June 2012, producing 40000
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Alibaba.com says Q1 net profit up 37 percent
Reuters
Alibaba Group Chief Executive Jack Ma took full control of one of China’s largest online payment businesses, Alipay, from the Alibaba Group, Yahoo said in a government filing on Tuesday. The US online search engine’s shares fell as much as 9.8 percent
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US visa system drives away tourists: study
AFP
“Brazil and China are some of the fastest growing economies in the world. Shouldn’t we be getting these people to come to the United States?” Roger Dow, president of the US Travel Association said. The difficult-to-navigate US visa system has also
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NYMEX-Crude falls on IEA demand growth view, China
Reuters
NEW YORK, May 12 (Reuters) – US crude oil futures fell more than 2 percent Thursday on a lowered demand growth estimate from the International Energy Agency and another bank reserve rate hike by China’s central bank. The dollar hit a three-week high
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Treasury 30-Year Yields Near 6-Month Low; Equities Fall on China Concern
Bloomberg
“Everybody seems to dislike US Treasuries right now,” te Wildt wrote. “Interest rates could stay low for quite some time due to a lack of inflation. Treasuries should remain a core component of a diversified portfolio.” Consumer prices in China rose
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