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U.S. China News 2011.05.18

Thu, May 19, 2011

Pakistan PM hails China ties amid strains with US
Hindustan Times
Pakistan’s prime minister declared China his country’s best friend in an apparent slap at Washington as he was to begin a visit to China on Tuesday with US ties tested over Osama bin Laden’s killing. special forces on Pakistani soil, in a raid that has
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Message to Pakistan: China Will Not Replace US Aid
Huffington Post (blog)
If US aid were cut to be off from Pakistan, what would the Pakistani government and military do? Work against US interests? Become a nuclear proliferator? Share intelligence with China? It has already done or is continuing to do all of these things.
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US, China Military Leaders Hold High-Level Washington Talks
Voice of America
Military to military relations between China and the United States have long been challenged and General Chen is the highest ranking Chinese military official to visit the United States in seven years. The visit comes just months after Chinese
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China’s Weibos vs US’s Twitter: And the Winner Is?
Forbes (blog)
The company didn’t last four years in China. A similar story is taking place now, whereas a US juggernaut in its space — in this case Twitter — is being outwitted, outmatched and outplayed by a would-be Chinese rival that, if Twitter ever did see the
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UNITED STATESCHINA Made in China not for sale at Catholic university
Spero News
T-shirts, mascots, license plate frames, cups and other items made in China cannot be sold or bear the university logo on campus. By Asia News South Bend – The University of Notre Dame, a Catholic university in the US state of Indiana, does not allow
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US investment in China declines 28%
Xinhua
Robert Poole, vice-president of China Operations at the USChina Business Council, told China Daily that a number of companies plan to boost investment in China. General Motors said it will invest 5 billion US dollars to 7 billion US dollars over the
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China trimmed holdings of US debt again
People’s Daily Online
The People’s Bank of China, the country’s central bank, in Beijing. Since the global financial downturn, China has been adjusting its investments in foreign reserves to mitigate risks. Nelson Ching / Bloomberg China trimmed its holdings of US Treasury
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Australian Petsec to sell China assets to fund US shale oil push
Platts
Australian junior Petsec plans to sell its minority stake in the WZ6-12 and WZ12-8 West oil fields in China’s Beibu Gulf to fund its push into US shale oil operations, Chairman Terry fern said Tuesday at the company’s annual general meeting.
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China’s US Treasury holdings
Moneycontrol.com
With the Federal Reserve’s quantitative easing winding down, the debate about China’s commitment to resuming its role as the largest purchaser of US government debt is maddeningly circular. China would be crazy to torpedo a market in which so much of
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China’s Taomee Holdings files for IPO of up to $100 mln
Reuters
Renren , a company sometimes called the Facebook of China, went public in the United States earlier this month. Its shares soared 29 percent in their debut, but have since dropped below the IPO price. [ID:nN04185096] Chinese IPOs have been attracting
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Scholar: China Notices Link Between Christianity, US Economic Success
Christian Post
China believes that Christianity is responsible for much of the historic success of Western Europe and the United States, said Dr. William Jeynes, senior fellow of The Witherspoon Institute in Princeton, NJ, during a presentation at the Family Research
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Protectionism: US, China and Brazil
NL-Aid
These complaints against the US are the same as the EU has leveled. Given that the EU is America’s largest trading partner with trade flows of $2.3 billion per day, the EU has more in common with China. For example, the EU agrees with China about US
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More than 500 migrants found crammed in trailers in Mexico
Christian Science Monitor
three from China and one each from Japan, the Dominican Republic and Honduras. By Sara Miller Llana, Staff writer / May 18, 2011 Yesterday, I asked whether the dangers in Mexico were deterring migrants from attempting to come to the US.
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Beijing’s new video game pits Chinese and US troops
msnbc.com
By Ed Flanagan, NBC News BEIJING – In 2005, I was deeply engaged in an extended military campaign on battlefields across China. Thousands of Chinese and Americans fell each day, but the only real casualty suffered was my bruised ego as I was easily
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Global drug sales growth expected to slow
Forbes
In 2010, worldwide drug spending totaled $865 billion and US spending was $310.6 billion, according to the report. The IMS said that figure will be between $320 billion and $350 billion in 2015. In recent years, countries like China, Japan,
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140 jobs at US medical plant lost to China
IrishExaminer.com
By Niall Murray MORE than 140 jobs at a US-owned medical devices plant in Cork are being moved to China and Malaysia because of competitiveness and cost issues. One-fifth of the 700-strong workforce at Stryker’s two IDA-Ireland backed factories in
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US Travel Businesses’ ‘Lost Decade’
CNBC.com
There are about two dozen countries where foreign visitors do not need visas to visit the US However, for emerging countries like China, India and Brazil, coming to America requires a face-to-face interview with a visa officer.
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Analysis: China growth spurs rethink in European auto M&A
Reuters
Creating further pressure to maintain good relations, China is now showing signs of becoming more protective of its market. This month, China said it found some US-made passenger cars benefited from unfair subsidies, damaging domestic carmakers.
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APEC Targets Pacific Wide Free Trade Zone in Upcoming US Summit
Voice of America
Another is the currency dispute between the United States and China. Despite Beijing’s promise to make its currency more flexible, the yuan, or renmimbi, has gained only five percent since June. The US insists China’s undervalued currency gives its
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US eyes drones to counter China’s rise
Press TV
But its advancements in air and naval power could test US dominance in the Pacific–and potentially the ability to protect allies such as Japan and South Korea. The US Navy strives to be militarily superior at sea. But the US noticing China’s emerging
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Will top-level talks strengthen ChinaUS military relations?
People’s Daily Online
Li Xiaoning, a special researcher from the Center for Strategic Studies of China under Peking University, believes that this new-style military relationship not only accords with the new orientation of ChinaUS relations established during President Hu
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How to Understand China: Summer Reading
Huffington Post (blog)
Do these words matter to China’s leaders? Not at all. (Or at least no more than China’s response matters to American leaders. China’s state council shot back that the US is the “world’s worst country for violent crimes,” and that “racial discrimination
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Getting China Ready to Go Abroad
Wall Street Journal
By KEVIN TAYLOR Chinese companies have generated a lot of political heat with their increasing investments overseas, especially in the US Perhaps that’s understandable given broader trends in USChina relations at the moment, but it misses an
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China Yuan Tad Up Late On PBOC Guidance, Weaker Dollar Overseas
Wall Street Journal
SHANGHAI (Dow Jones)–China’s yuan edged up against the US dollar late Wednesday after the central bank guided its currency higher via a reference exchange rate amid the dollar’s broad weakness overseas. Dealers said the People’s Bank of China
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Progress in USChina strategic, economic talks
China Post
For all the USChina rhetoric on human rights, characterized by US Vice President Joe Biden as “vigorous disagreement,” the latest high-level strategic and economic dialogue between China and the United States did make clear progress.
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Sculptures of Detained Chinese Artist on Exhibit in US
Voice of America
Political analysts say the arrests seem aimed at preventing this year’s uprisings in the Middle East from spreading to China. The US display of the “Zodiac Heads” was planned long before Ai’s arrest. Melissa Chi, director of the Asia Society Museum in
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Jon Huntsman campaign would be based in Orlando
CBS News
Former US Ambassador to China and former Utah Gov. Jon Huntsman addresses the audience at the commencement ceremony for the University of South Carolina on Saturday, May 7 2011 in Columbia, SC Former Utah Governor Jon Huntsman will base his
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Death by China: It’s Not China Bashing If It’s True
informIT
The centerpiece of Chinese mercantilism is, however, a shamelessly manipulated currency that heavily taxes US manufacturers, extravagantly stimulates Chinese exports, and has led to a ticking time bomb USChina trade deficit close to a billion dollars
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Plants vs. Zombies Heads to China With New Game Versions
PCWorld
Zombies was originally developed as an English title, it’s biggest user base resides in China, according to PopCap Games CEO David Roberts. The US company estimates that the game has already reached 100 million downloads in the country.
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Analysis: Dollar drop? You ain’t seen nothin’ yet if yuan jumps
Reuters
This should all help improve the US trade and current account deficits, though the government’s budget deficit and debt problems would be more problematic. If the decline in the dollar was too rapid, inflation could climb while China and other nations
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Paulson & Co, Kirk Kerkorian, Walter Kwok Trust To Invest In MGM China IPO
Wall Street Journal
By Kate O’Keeffe and Prudence Ho HONG KONG (Dow Jones)–US hedge fund firm Paulson & Co. and investor Kirk Kerkorian are among four cornerstone investors buying into an initial public offering of Macau casino operator MGM China Holdings Ltd. (2282.
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US Commodities Day Ahead: Raw Materials Gain on Demand Outlook
Bloomberg
Shanghai Zen Investment Management Co., a hedge fund that beat 99 percent of its rivals this year by betting on commodities, is cutting its allocation in raw materials by 30 percent and likely to buy China and US stocks. Copper rose to a one-week high
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Structure leads to progress in China
American Veterinary Medical Association
In a separate symposium sponsored by KSU’s USChina Center for Animal Health, Dr. Richardson addressed state licensure, continuing education, and standards of an accredited veterinary college, showing the DVD produced by the AVMA Council on Education
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Yahoo Expanding R&D in China
Wall Street Journal
By LORETTA CHAO BEIJING—Yahoo Inc. is aggressively expanding its China research and development operation, Chief Product Officer Blake Irving said in Beijing Wednesday, despite worsening tensions between the US Internet company and the operator of its
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TOP Oil Market News: Crude Rises; US Oil Tax Breaks Survive
Bloomberg
China International United Petroleum & Chemical Corp., the nation’s biggest oil trader, will extend a halt on imports and exports of diesel next month, a company official said. China’s supply of diesel may tighten in the third quarter as the nation’s
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Why the United States Is the Worst Place to Invest
Uncommon Wisdom Daily
I believe China has the most potential of any Asian market. The International Monetary Fund (IMF) thinks so too. The IMF recently forecast the Chinese economy will overtake the US economy by 2016! The easiest way to add some Chinese spice to your
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Risky Rare Ore Shipment from Mongolia to Be Streamed Live on Internet by GTSO
TMC Net
GTSO management believes that establishing a new reliable source and route to supply US economic and military allies with rare earth supplies is a matter of national security, as well as an opportunity to enhance shareholder value. Currently, China
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Goldman’s O’Neill Sees USD Up Vs JPY, EUR, US Growth Continuing
Wall Street Journal
Weak US data aside, there is also a recognition that China’s economy is slowing, which is likely to reduce demand for many commodities, he said. O’Neill said he expects the price for West Texas Intermediate crude oil, recently trading at around $100 a
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The U.S.: Where Europe comes to slum
Bellingham Herald
In their eyes, we’re becoming the new China. Our labor costs may be a little higher, but we offer stronger intellectual property protections and far fewer strikes than our unruly Chinese comrades. Don’t take my word for it. Check out the study released
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China’s Rich Try to Fly Around Red Tape
New York Times
In the United States, the Federal Aviation Administration says that nearly 237000 general aviation aircraft were actively flying in the country in 2010. By comparison, experts say, China has perhaps 1000 registered private aircraft.
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Smithsonian Sells “Made in China” Products
The Moral Liberal
Miniature busts of our greatest presidents sold in the gift shop are stamped with a very un-American inscription: “crafted in China.” The gift shop is selling T-shirts with the text of the US Constitution on it that is labeled “made in Nicaragua.
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ManpowerGroup Sees Skills Shortage Driving Growth
Wall Street Journal (blog)
“Almost two years into the recovery and we are still seeing shocks, either what is really happening in China, or concerns about the US housing market or debt in Europe,” he said. “Companies are feeling that their businesses are becoming healthier,
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Top Stories No ‘exploding’ watermelons in US
The Packer
In mid-May the Internet began lighting up with stories of watermelons bursting in China (http://tinyurl.com/melonbombs). The culprit? A plant growth stimulant called forchlorfenuron, which was applied too early in the growing cycle.
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US Charges Florida Man With Selling Fake J&J Diabetes Test Strips
Wall Street Journal
He allegedly purchased the fake products from suppliers in China and the UK, and distributed them to customers in the US and Canada through his medical-products distribution companies, America’s Premier Supplier Corp. and Royal Global Wholesale Corp.
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Sierra Leone: Time to End Country’s Dependency on Aid
AllAfrica.com
If we want to create jobs for our youths, reduce poverty and redefine a viable post jubilee century, let us trade our coffee, cocoa, piassava and other natural commodities with China and the EU. Let’s expand our fisheries and build a new maritime
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How foreigners will buy the U.S.
Fortune
The World Bank projects that while the US economy will expand by perhaps 40% in constant dollar terms, net foreign ownership of US assets – stocks, bonds and property in the hands mostly of China and other emerging Asian countries — will expand
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Deere 2Q Net Up 65% On Higher Prices, Volume; Raises Year View
Wall Street Journal
Shares were up 1.8% at $88.50 in premarket trading as the company also unveiled plans for a new plant in China to meet rising demand and boosted its guidance for the year. Through Tuesday’s close the stock is down 13% from its all-time high in April,
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