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U.S. China News 2011.05.20

Fri, May 20, 2011

Who Created Pakistan’s Nuclear Arsenal?
Huffington Post (blog)
On June 15, 2004, Reuters reported that congressional investigators from the USChina Economic and Security Review Commission had accused China of sending nuclear technology to Iran in exchange for oil. Pakistan and China signed long-term nuclear
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ChinaUS military ties to be further advanced with implementation of heads-of
Xinhua
On the future development of ChinaUS military ties, Chen said Wednesday at the US National Defense University that the two sides needed to discard the old set of thinking in building bilateral military ties in sync with ChinaUS cooperative
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Pakistani PM: Pak-China trade to hit US$15 billion in 2 years
Xinhua
“Our trade at the moment is nine billion US dollars, we want to enhance it to 15 billion US dollars with the expansion of two years, and this is doable. We are moving in the right direction,” said Gilani, who is on a four-day official visit to China at
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China, U.S. to spur luxury sector
Reuters
By Astrid Wendlandt and Phil Wahba PARIS/NEW YORK (Reuters) – The global luxury goods market is recovering much faster than most expected a year ago, bolstered by China, strong tourist spending in Europe, resurgent growth in Russia and the US economic
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HK still gateway for foreign investment into China: US Consul General
Xinhua
HONG KONG, May 20 (Xinhua) — Hong Kong has long been and still is a gateway for foreign investment into China, despite of more recent opening up on the Chinese mainland, US Consul General in Hong Kong Stephen Young said here on Friday.
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Wind Stocks Gain Attention as US and China Boost Alternative Energy Market
SYS-CON Media (press release)
NEW YORK, NY — (Marketwire) — 05/20/11 — Wind Stocks are starting to gain more attention from investors as both China and the United States have begun placing more emphasis on Alternative Energy. These days, fossil fuels are considered dirty and
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After the Osama mess, Pakistan will prefer China over the US as its new patron
Tehelka
This is because Islamabad has found a more reliable backer in China. This is the true significance of Gilani’s four-day trip to Beijing. From Pakistan’s viewpoint, this is a win-win change because it has exchanged an unreliable patron whose policies
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Drawn into an ever closer embrace
Financial Times
Between 2000 and 2009, Brazil’s exports to China rose 18-fold, driven by commodities such as iron ore and soya beans. In 2009, China surpassed the US as Brazil’s biggest trading partner, accounting for 12.5 per cent of the Latin American country’s
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US “interest” and China`s “trust”
PakTribune.com
The country that has stood by us in all circumstances and testing times is not the US but China. It has supported us, helped us and proved to us that its friendship is greater. The question is whether we should continue to remain hostage to our
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China has no intention to challenge US army: official
Global Times
Addressing concerns in the US over China’s military growth, Chen delivered a speech at the National Defense University on Wednesday, saying “although China’s defense and military development have come a long way in recent years, a wide gap remains
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China spot market prices for poly-Si fall to US$60/kg, say Taiwan makers
Digitimes
Spot market quotes for polycrystalline silicon (poly-Si) material in China have dropped to US$60/kg, lower than contract prices of US$65-68/kg signed by South Korea-based OCI with most of its clients in Taiwan and China in the first quarter of 2011,
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Analysis: Uphill fight for Baidu, China censorship lawsuit
Reuters
Stephen Preziosi, a lawyer for the plaintiffs, on Wednesday said collusion by Baidu and China “permeate US borders” and violates the First Amendment. An Internet search engine is a “public accommodation” that cannot discriminate, he said.
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SUPPORT: China Raises A Silicon Army
Strategy Page
Computer games are very popular in China, and most young men joining the Chinese military bring video game skills with them. Meanwhile, for over a decade, the US Army has been increasingly using video game technology (especially FPS, or First Person
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US spars with China over “human rights”
World Socialist Web Site
By Peter Symonds The third annual Strategic and Economic Dialogue between the US and China took place in Washington last week. While efforts were made to dress up the meagre outcomes from the talks, there was no mistaking the underlying tensions
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Safeguarding Your Intellectual Property in China
BusinessWeek
From discussions with senior executives at several US and European companies, here are three ways to slow involuntary leakage By Anil Gupta and Haiyan Wang Of all the challenges multinational corporations face in China, perhaps the single biggest
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China Digital TV Declares Special Cash Dividend to Shareholders
PR Newswire (press release)
The total amount of the dividend is US$33.421 million, which will be allocated from net income attributable to China Digital TV for the fiscal year 2010. The dividend is expected to be paid on or around December 30, 2011. Mr. Jianhua Zhu, China Digital
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China Lion to Release Chinese Communist Party Epic in North America, Australia
Hollywood Reporter
China Lion was founded in 2010 to distribute Chinese language films via an exclusive deal with AMC, North America’s No. 2 theater chain, for the US and Toronto markets. Led by CEO Milt Barlow in Sydney and President Jiang Yanming, China Lion also has
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America vs. China: Who does economic policy better?
CNN (blog)
But if you pull back a little bit and ask how they handled things over the last 10 years, I would say pretty badly, especially when compared with China. If you look at the Chinese government, the Chinese did something very important: When growth was
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Huntsman Gives Debut Interview as Likely Presidential Candidate
PBS NewsHour
Jon Huntsman is a former US ambassador to China and governor of Utah. Photo by ChinaFotoPress/Getty Images. Here’s guessing Newt Gingrich wishes he had a rollout TV interview more along the lines of what Jon Huntsman conducted Friday morning with ABC’s
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China Making Improvements With Product Safety, CPSC Chief Says
Fox Business
And, Tenenbaum said, US companies are still responsible for what they are importing from China. “It’s important for the Chinese, as well as American companies that manufacture in China, to protect their brand,” she said.
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China approves Hong Kong visit of US ship that buried bin Laden
Monsters and Critics.com
Hong Kong – China has approved a visit to Hong Kong by the US aircraft carrier used to bury the body of terrorist leader Osama bin Laden at sea, government radio reported Friday. The Foreign Ministry in Beijing was quoted by RTHK radio in Hong Kong as
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Senior Chinese legislator meets US House Democratic Caucus chairman
Xinhua
BEIJING, May 20 (Xinhua) — A senior Chinese legislator met with US House Democratic Caucus Chairman John Larson here on Friday to discuss bilateral ties. As long as China and the United States continue candid dialogues and deep cooperation while
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China’s Inflation Problem Impacts US Consumers
NPR
As costs go up in China, they charge more for products and that means Americans pay more. Over the past 12 months, prices of things the US imported from China, are up 2.8 percent. But five years ago, the price of Chinese imports were actually falling.
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US Wolin: Yuan Is ‘Substantially Undervalued Still’
Wall Street Journal
SINGAPORE (Dow Jones)–China has made progress on moving toward a free-floating currency, but the yuan remains “substantially undervalued” with respect to the US dollar, Deputy Treasury Secretary Neal Wolin said Friday. Wolin said in a CNBC interview
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Interview: US expert positive about growth of China’s commercial real estate
istockAnalyst.com (press release)
“According to a report from Jones Lang LaSalle (NYSE:JLL) , this means that at the end of last year, insurance companies could invest up to 77 billion US dollars in commercial real estate, given that total insurance company assets in China was over 5
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Jollibee acquires Chowking’s US licensee
Manila Bulletin
It will also fund the construction of its logistics center in Metro Manila and the construction of its commissary in Shucheng County in Anhui Province in the People’s Republic of China. Jollibee, through JWPL, has increased its stake in an American bar
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Using the internet in the People’s Republic of China
Register
Our hosts kindly supplied us with China Mobile SIMs for data access so we could see the internet as the Chinese see it, and we managed to test out wi-fi connectivity at a local hotel with similar results – only the hotel wi-fi didn’t kick us off
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China Business And Glocalization. Should What Goes Around Comes Around?
China Law Blog (blog)
Just the other day, I spoke with a client of ours who was telling me of how it was having to “harmonize” its China product return policies with those of the United States and Europe. Without getting too much into it, this company had previously given
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economy is skipping along on a wing and a prayer
Sydney Morning Herald
China’s imports from Australia, Latin America and Africa were almost 50 per cent higher in the first quarter this year than a year earlier. The flipside is that China is running stonking trade surpluses with the US, Britain and the eurozone,
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Analysis: India must outbid Japan, China for new LNG supply
Reuters
By Jo Winterbottom and Nidhi Verma NEW DELHI (Reuters) – India’s liquefied natural gas (LNG) imports will soar in the next decade to fuel its expanding economy, pitting the Asian giant against China and Japan for supplies as its domestic gas output
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Farmers Planting More Corn in China on Increasing Prices May Limit Imports
Bloomberg
By Bloomberg News – Fri May 20 04:31:36 GMT 2011 China, the world’s second-biggest consumer of corn after the US, will likely expand planting this year as farmers seek to profit from strengthening prices, according to industry and government
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In Rare Ruling, Chinese Court Upholds US Arbitration Award
The National Law Journal
Companies seeking to protect copyrights and trademarks have long struggled with China. The United States has frequently bemoaned problems with piracy and counterfeiting in China in annual trade reports, as it did earlier this month.
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Creating ‘sustainable societies’ in U.S. and China is focus of U-M conference
AnnArbor.com
About 225 global leaders – about half of whom are from China – will gather in Ann Arbor today for a conference focusing on development sustainable energy, water and transportation. Organized by the University of Michigan, the event “tackle(s) one of
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Where Mark Zuckerberg Must Go In China (BIDU, GOOG, YHOO)
San Francisco Chronicle
And also a great place to see a less enticing side of China: InnovationWorks has apparently become famous for investing in clones of US startups like Tumblr and Quora, so much so that people are calling it “CopyWorks.”
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Life sentence given US woman found guilty of killing baby daughter in
The Canadian Press
Montgomery County Common Pleas Judge Mary Wiseman sentenced China Arnold, 31, of Dayton. Arnold was convicted last week of aggravated murder by the same jury that recommended her punishment. Jurors deliberated about six hours Thursday and Friday.
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China police allege Ai Weiwei firm evaded tax
AFP
US Secretary of State Hillary Clinton last week denounced China’s clampdown on dissent as a “fool’s errand,” saying Beijing was trying to stop the course of history. The remarks, made in an interview with The Atlantic magazine, were some of the
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China ‘asks USA to respect Pak sovereignty’
OpEdNews
In the wake of the US raid in Abbottabad that killed Osama bin Laden, China has ‘warned in unequivocal terms that any attack on Pakistan would be construed as an attack on China.’ Pakistan has turned to China, its ‘all weather friend’, for support in
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Analysis: Aluminum consumer pinch won’t prompt U.S. restarts
Reuters
Huge stocks mean restarts are not needed now, but shuttered US plants should not be written off. Some may be tempted to reopen their doors long term, if demand is booming and top producer China cracks down on smelter capacity; providing of course
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SUNY Fredonia looking to build higher ed partnership with China
Evening Observer
These campuses were chosen from a competitive candidate pool and represent the breadth of US institutions seeking linkages with institutions in China. Each institution has committed to form a campus task force to work on prospective partnerships,
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Asian Stocks Swing Between Gains and Losses; Exporters Gain
San Francisco Chronicle
“The soft patch of economic data from the US, along with tightening concerns in China, the recession in Japan and Europe’s debt crisis will leave a volatile environment for the market in the next few months.” The MSCI Asia Pacific Index was little
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Canadians biggest foreign buyers of US real estate
CTV.ca
Canadians were the largest foreign buyers of US real estate in the 12 months ending March 31, according to the US National Association of Realtors annual survey, accounting for 23 per cent of all sales to foreigners. China moved into second place at 9
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US Commodities Day Ahead: Gold Climbs on Dollar, Fed Outlook
Bloomberg
The iron ore market has risen to “bubble” levels that will burst as new mines create oversupply of the steelmaking raw material, according to Baosteel Group Corp., China’s second- biggest mill. Copper rose in London, heading for the first weekly gain
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Yingli Green Energy Reports First Quarter 2011 Results
PR Newswire (press release)
On an adjusted non- GAAP(2) basis, net income was RMB 403.6 million (US$61.6 million) and diluted earnings per ordinary share and per ADS were RMB 2.51 (US$ 0.38). In May 2011, through one of its operating subsidiaries in China, the Company completed a
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What’s Next After Bin Laden?
Manufacturing.net
We should ride this wave of patriotism and go after the next threat to the USChina. If we can be a powerful military force, why can’t we be a powerful manufacturing force? China has flooded the US market with cheap goods, some of which pose serious
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US Can’t Keep Skirting The Worries Testing Other Markets
Forbes (blog)
In China, the world’s second largest economy, it’s not just rising oil prices, but also sharply rising food prices, as well as the potential for rising wage inflation. So China has been raising interest rates and tightening monetary policy so
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Frank Beckmann
The Detroit News
Last year, for the first time, General Motors sold more cars and trucks in China — 2.35 million — than it did in the United States. The company has also established a goal of boosting that figure to 3 million by 2015. But the problem for GM and other
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Offshore Oil Rig Demand High Except In US
Energy Tribune
By Margo D. Beller Diamond Offshore Drilling is seeing lots of demand for its oil rigs from China, India and other industrialized nations — but not the United States, Chief Executive Larry Dickerson told CNBC Thursday. “There’s a lot of forces arguing
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