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U.S. China News 2011.05.13

Sat, May 14, 2011

China, U.S. grapple with military distrust on PLA visit
Reuters
By Michael Martina BEIJING (Reuters) – China and the United States next week hold their first top level military-to-military talks since 2009 to try to bring more trust to a relationship overshadowed by weapons sales to Taiwan and unease over the
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Commentary: US, China are heading to another double-dip scare
MarketWatch
Financial markets may stumble in a few months, and that could prompt the US Federal Reserve to introduce a third round of quantitative easing or an equivalent, which would be another step down the path toward stagflation. In this scenario, China’s
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Taiwan, China and the US: A Complicated Triangle
PBS NewsHour
“Rashomon” may be Japanese — not Chinese — theater, but the relationships between mainland China, Taiwan and United States often seem to resemble the film’s portrayal of various versions of the truth. All three parties say they follow a “One China
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UK-USA-TRAVEL
Reuters
By Deborah Charles WASHINGTON (Reuters) – The complicated US visa system hurts tourism and must be reformed if the United States wants to attract lucrative tourism from countries like China, India and Brazil, travel industry officials said on Thursday.
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China On The Verge Of A Worldwide Foreign Investment Boom, Says Report
Forbes (blog)
By EVA PEREIRA China’s foreign investments are predicted to soar to as much as $2 trillion worldwide within the next decade. The takeoff is already under way in the US, where China’s investments are more than doubling each year. In 2010, China invested
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Citi CEO Vikram Pandit joins China currency chorus
Fortune (blog)
“By far, the most underdeveloped consumer market among the world’s major economies is China’s,” he said. Still, Pandit remained optimistic about ChinaUS relations. “Devolution into trade wars — or worse — would fit the template of history,” he said.
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A Common Thread Dominates Table Tennis
New York Times
One of the top players of this new generation is Adam Hugh, who at age 9 began training with his mother, Lily Yip, once a provincial team player in China who came to dominate US table tennis in the 1990s after emigrating. A 23-year-old Princeton
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China: Protestant churches to Chinese Parliament: Give us freedom of religion
Spero News
The petition also accuses China of not respecting the religious freedom clause of the Universal Declaration on Human Rights, which Beijing officially signed. “Freedom of religion – the document states – includes freedom of assembly, association,
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Henry Kissinger on China
New York Times
The surprise buried in his lumbering review of Sino-American relations is that the much ballyhooed Nixon-Kissinger journeys to China in 1971-72 turned out to have been the easy part. “That China and the United States would find a way to come together
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China Zenix prices IPO shares at $6 each
BusinessWeek
Wheel maker China Zenix Auto International Ltd. said Thursday that it has priced an initial public stock offering in the US at $6 per share, far lower than the price range it had announced previously. The largest commercial vehicle wheel maker in China
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China and the US Hold the Third Round of Strategic and Economic Dialogue
MFA China (press release)
The third round of ChinaUS Strategic and Economic Dialogue (S&ED) was held in Washington, the US from May 9 to 10, 2011. Vice Premier Wang Qishan and State Councilor Dai Bingguo who are special representatives of Chinese President Hu Jintao and
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Modest USChina progress
The Japan Times
This week the US and China held their third Strategic and Economic Dialogue, an annual forum that brings together hundreds of officials for talks on issues of concern for the two nations. While conspiracy-minded observers are wont to see the
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Gary Locke adds unique guanxi to USChina relations
Sampan
“This is an opportunity to improve [USChina] relations and [Chinese immigrants’] social status.” “[Locke’s appointment] is a welcome, substantively and ground-breaking symbolically. The USChina agenda is important and full with weighty matters
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After Osama: China?
CounterPunch
As demonstrated by its huge investments into this country—including $45 billion worth of deals back in January—China doesn’t want a bankrupt United States. Indeed, US budget deficits and low interest rates have fueled global inflation, driving up
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Corn Rises as Rains May Prompt US Farmers to Scrap Seeding; Wheat Gains
Bloomberg
Demand still looks positive, especially from China, he said. US export sales of corn jumped 61 percent from a week earlier and soybean shipments almost tripled in the week ended May 5, government data show. US farm exports climbed to an all-time high
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METALS-LME copper extends gains, ShFE surges ahead of US data
Reuters Africa
shrugged off another bank reserve requirement hike in China. The US dollar inched down towards the Shanghai trading close, supporting prices of copper and other base metals, while investors awaited the release of US inflation data later in the day.
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China Imports in the Grocery Store: A Cause for Concern
Fox Business
Chinese apple juice concentrate, a crystallized concoction reconstituted in the states, accounts for about 60% of the US apple juice supply. To get an idea of the stakes of this battle in the war of public perception of food from China, look no further
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US Stocks Advance as Commodity Prices Rebound Amid Decline of Dollar
Bloomberg
US stocks advanced, erasing the second straight decline for the Standard & Poor’s 500 Index, as the dollar fell and commodities rebounded from an early slump triggered by China’s efforts to curb lending. Bloomberg’s Pimm Fox also speaks.
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Revival on the coast
Sydney Morning Herald
Paul Myers discovers high-end hotels are replacing helicopter bunkers at Danang, the former US military base. The South China Sea couldn’t be more idyllic as I stroll by Danang’s city beachfront. A broad expanse of white sand stretches as far south as
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US Policy Responsible for Crisis, Bank of China’s Xiao Writes
Bloomberg
By Bloomberg News – Fri May 13 02:43:55 GMT 2011 US policy makers should “shoulder their responsibilities” for measures that promoted the “excessive” pursuit of homeownership, distorted the housing market and became a main cause of the financial crisis
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100000 Strong Initiative Gets Boost from Chicago Ties to China
Voice of America
“The mayor has initiated the largest public school Mandarin program in the United States. There are 42 schools in Chicago that are teaching Mandarin to more than 12000 students,” said William Spence, co-chairman of the Chicago Sister Cities China
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Hillary’s China censure a fool’s errand
Global Times
This echoed her speech at the just-concluded ChinaUS Strategic and Economic Dialogue, in which she used “disappeared” to refer to the arrest of some Chinese lawyers and artists. Although the Chinese government has made it clear that artist Ai Weiwei
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Analysis: Time to move some money to stocks from commodities
Reuters
China raised bank reserve requirements by 50 basis points on Thursday, surprising analysts who had expected it to use monetary brakes less aggressively after a series of weaker-than-expected economic data for April. For its part, the United States saw
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US to Counter Internet Blocks
Radio Free Asia
As Beijing and Washington disagree publicly on human rights, the State Department has said it will pour US $19 million into helping dissidents in China and Iran bypass Internet censorship. Officials plan to invest the money in anti-censorship
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US expert warns of PRC economic trap
Taipei Times
In testimony before the USChina Economic and Security Review Commission, Watts said that the most common scenarios for a conflict between the US and China were built around a Chinese attempt to invade Taiwan. “The first point to be made about the
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Baha Mar fueled by Chinese investment
Hotel News Now
By Carlo Wolff The project is being financed by a US$2.4-billion loan from China’s Export-Import Bank. The Caribbean has seen a swath of new development in recent years. NASSAU, The Bahamas—A long-term loan of Chinese money and the notion of induced
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WikiLeaks: China rejects Panama’s wish for ties
BusinessWeek
By DEBBY WU A US cable released by WikiLeaks says Panama wanted to switch its diplomatic recognition of Taipei to Beijing after President Ricardo Martinelli took power in 2009, but China rejected the offer in order not to undermine its improving Taiwan
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Crackpot ideas are as common as democrats
Equitymaster.com
According to presidential candidate Donald Trump they are prepared to believe that China is to blame for their financial problems… No kidding. When asked what he’d do to fix the US economy, ‘The Donald’ says he’d ‘get tough with China.
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China’s Yangtze River Running Dry
Discovery News
said Xu Zhaonan, director of the Xiangyang meteorological bureau in China Daily. The rain brought some relief to local farmers. “During the drought, we only planted a little sweet potato in the field, but this rain has brought hope for us,” Zhang Dequn
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Free Ai Weiwei protests are ‘condescending’? No, they are about the fear of
Telegraph.co.uk (blog)
In a globalised economy the US and the EU have a “common interest” in China’s peaceful rise, and on the evidence of the last few months (you might say years, going back to the crushing of the pre-Olympic Tibetan crackdowns of 2008) they have legitimate
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US To Press China On Allowing More Hollywood Films
Contactmusic.com
MPAA representatives and US trade officials are attempting to craft a compromise that would result in more American films coming to China, the Los Angeles Times reported today (Thursday), citing no sources. Although the World Trade Organization ruled
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Wal-Mart to buy stake in China e-commerce company
Reuters
Wal-Mart Chief Executive Mike Duke has stressed the company’s focus on those areas as the company’s US sales at stores open at least a year have fallen for several quarters. (Reporting by Brad Dorfman, editing by Gerald E. McCormick)
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U.S. Industrial Stocks May Trail Market, MKM’s Darda Says
San Francisco Chronicle
Japan, the world’s third-largest economy after the US and China, may benefit from a combination of lower commodity prices and government stimulus following the March 11 earthquake and tsunami, Darda said. “We’re not arguing that the US and/or Japan
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US Commodities Day Ahead: Gold Advances on Debt Woes, Dollar
Bloomberg
Corn rebounded on speculation that wet weather in the US Midwest will cause farmers to abandon plans to seed the grain. Wheat and soybeans also rose. Corn imports by China, the world’s second-largest consumer, may total 2 million metric tons in the
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Dalai Lama urges U.S. to close rich-poor gap | Philadelphia Inquirer | 2011-05-13
Philadelphia Inquirer
China has occupied Tibet since 1950 and claims that the region has been part of its territory for centuries. Many Tibetans, who are linguistically and ethnically distinct from Han Chinese, say they were effectively independent before that.
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Analysis: China likely to see slower growth of net coal imports in 2011
istockAnalyst.com (press release)
The price of imported coal averaged 102.4 US dollars/metric ton (tonne), while coal exports marked record low at 19.03 million tonnes , down 15 percent. Export prices averaged 118.2 US dollars/tonne. However, in the first quarter of 2011, China’s net
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Cooley Files Application to Open Office in China
PR-USA.net (press release)
Additionally, Cooley represents various US fund managers with respect to their investing activity in China, including fund managers with sponsored groups and representative offices in China. “We believe that the strength and depth of our core practice
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First Solar & China Power International New Energy announce International
Global Solar Technology
“Solar power offers tremendous growth potential in China and the US” “First Solar is very pleased to be expanding our commercial presence in China by establishing this relationship with CPINE, one of the premier clean energy state-owned companies in
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NY Fed: US Committed $1 Billion to March Effort to Weaken Yen
Wall Street Journal (blog)
China is by far the largest holder of foreign currency reserves with a reported $2.85 trillion as of the end of 2010. About 65% of this ($1.85 trillion) is held in US securities while 26% ($741 billion) is denominated in euros.
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ASIA FX: US Dollar Weakens Late, Euro Bounces on German Data
IMarketnews.com
“The US dollar is enjoying a rare bit of broad strength,” commented Barclays Capital analysts. “With risky assets selling off in tandem, this has the makings of a classic ‘risk off’ event.” China set the stage for the earlier risk averse environment,
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Forex – Forex News – China Tightening, Falling Commodities, and Worse than
ForexTV.com
China’s decision to raise the reserve requirements for banks, in addition to falling commodity prices amid the dollar’s weakness, worse than expected financial results from Cisco System, and worse than expected data from the United States,
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INTERVIEW: Inflation Should Not Be A Problem For US, Canada, Gold Prices To
Forbes (blog)
By KITCO NEWS New York – (Kitco News) – Gold should reach an average price of $1675 an ounce by the end of 2012, inflation should not be a problem for the US and Canada, but will be persistent in China, according to a leading Canadian economist.
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Drip, drip from the euro debt crisis
Reuters
US TIC data for March — figures for capital in- and outflows — will also be released, giving a new snapshot of the demand from China and other for US Treasuries and other paper. With the Federal Reserve set to end its own quantitative easing (QE)
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Barchart Morning Call
Inside Futures
Chinese stocks closed higher, led by gains in bank stocks, after Goldman Sachs said the increase in China’s reserve requirements will have a limited effect on net interest margins. June S&Ps this morning are trading up +1.80 points. The US stock market
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