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U.S. China News 2011.05.21

Sat, May 21, 2011

China is governed by scientists, what about the US?
TG Daily
In 2009, more than 50% of US patents were issued to non-US companies, while China replaced America as the number one high-tech exporter. Appalled by this phenomenon, US National Academies authored a manifesto known as the “The Gathering Storm,” which
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Taiwan, China should resolve disputes peacefully: US
Focus Taiwan News Channel
The statement said Washington’s China policy, based on the three USChina joint communiques and the Taiwan Relations Act, has not changed. The secretary of state reiterated this policy Wednesday in her meeting with General Chen, the statement said.
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Huntsman to NH grads: Don’t sell America short
Salt Lake Tribune
Jon Huntsman told a group of more than 850 college graduates in New Hampshire that the United States still has the tools to solve the problems it is facing. Home just three weeks from his role as US ambassador to China, Huntsman said it would be
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On China by Henry Kissinger – review
The Guardian
After nearly 600 pages, Kissinger fails to address the key question: why and how did President Richard Nixon decide that it was in America’s interests to protect communist China? by Henry Kissinger Kissinger tells us that this de facto alliance was
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Mystery North Korean visitor in China veiled by security
Reuters
China has sought to steady ties with Seoul and Tokyo, but also sees North Korea as a strategic bulwark against the United States and its regional allies. In recent years, China has sought to shore up relations with the North with increased aid and
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US HOT STOCKS: China Fire & Security Active In Late Trading
Wall Street Journal
Among the companies whose shares are actively trading in the after-hours session are China Fire & Security Group Inc. (CFSG). China Fire & Security entered a definitive going-private deal with Bain Capital Partners LLC and other investor groups that
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Why India & USA Worry as Pakistan & China Get Cosier
Seasonal Magazine
Yes, it is official: China is Pakistan’s new USA. Welcoming an internationally beleaguered Yusuf Raza Gilani to Chinese soil, the Chinese Foreign Ministry Spokeswoman continued, and almost sobbed for everything Paki: “Indeed, Pakistan is the victim of
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China Fire & Security, LeMaitre, Pfizer: US Equity Preview
Bloomberg
By Nikolaj Gammeltoft – Fri May 20 21:34:47 GMT 2011 Shares of the following companies may have unusual moves in US trading on May 23. Stock symbols are in parentheses, and prices are as of 5:10 pm in New York. China Fire & Security Group Inc. (CFSG
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China Flooring May Face Duties After US Commerce Decision
Bloomberg
By Mark Drajem and Eric Martin – Fri May 20 22:30:27 GMT 2011 The US Commerce Department imposed preliminary dumping duties of as much as 82.65 percent on wood flooring imports from China. Samling Group and 73 Chinese exporters would pay a 10.88
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US must work with China, S Arabia to purge ISI’
Business Standard
PTI / Washington May 21, 2011, 11:28 IST US should work with China and Saudi Arabia to purge Pakistani spy agency ISI’s officers or sections suspected of providing support to extremists, a noted American expert has said. Noting that the US-Pakistan
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IPO VIEW-Risks mount from US exchanges big China push
Reuters
“Some companies are going to want to come to the US markets for the global imprimatur that it brings to a Chinese company,” Nasdaq head of listings Bob McCooey said at a China-focused investment conference in New York this month.
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Chinese, US military bands join forces to play at UN
Xinhua
Playing as one unit, the joint band, made up of more than 150 men and women from both militaries, filled the huge facility with melodies and marches to demonstrate ChinaUS cooperation as part of a first-ever joint concert tour.
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New Moguls, New Jets
Barron’s
Fast and comfortable, it delivers the intercontinental range required by the area’s business elite As in the US, Gulfstream is the brand of choice in China, holding 37% of the market, according to consulting firm Firestone Management.
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Republican dark horse Jon Huntsman courts New Hampshire
Reuters
Former US Ambassador to China and possible Republican presidential candidate Jon Huntsman (R) speaks to voters at a home in Keene, New Hampshire May 20, 2011, with his wife Mary Kaye (2nd R), daughter Gracie Mei (3rd R) and daughter Liddy at his side.
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Taiwan may affect military ties with US: top General
Macau Daily Times
The military chiefs, in a statement issued a day after the talks said they had agreed to communicate through a USChina telephone hotline and to hold joint counter-piracy exercises in the Gulf of Aden. The two officers also pledged to hold more
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China’s senior legislator meets former US congressmen
Xinhua
The former congressmen expressed their willingness to promote US-China relations. The delegation was invited by the China Association for International Friendly Contacts with assistance from the ChinaUS Exchange Foundation.
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Infosys to start new campus in Shanghai
Business Standard
Infosys Technologies Ltd. (Infosys) today laid the foundation stone for its new campus at Zizhu Science and Technology Park in Shanghai, China. Infosys plans to invest between US$125-150 million in the new campus, one of the largest investments in
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Paul Krugman / Syndicated Columnist Americans are actually making things
The Seattle Times
Paul Krugman used to joke that Americans made a living by selling each other houses, which they paid for with money borrowed from China. Manufacturing, once America’s greatest strength, seemed to be in terminal decline. But that may be changing.
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US and the Philippines: naval ships and ‘historical ties’
World Socialist Web Site
The deployment of Carrier Strike Group 1 to the region is part of the heated escalation of tensions between China and United States. It was from the deck of the USS Carl Vinson that the remains of Osama bin Laden were placed in a weighted bag and
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China comes clean about the Three Gorges dams
Washington Post
By Editorial, NOW THEY TELL US: China’s ruling State Council has just issued a statement acknowledging serious flaws in the colossal Three Gorges Dam across the Yangtze River. Though the project has generated much-needed electric power and helped
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China Fire & Security, LeMaitre, Pfizer: U.S. Equity Preview
San Francisco Chronicle
May 20 (Bloomberg) — Shares of the following companies may have unusual moves in US trading on May 23. Stock symbols are in parentheses, and prices are as of 5:10 pm in New York. China Fire & Security Group Inc. (CFSG US) jumped 17 percent to $8.56.
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Facing the Threat of Piracy, China Starts to Talk Like a Superpower
TIME (blog)
On a visit to the US this week, China’s top military commander Chen Bingde suggested that the international coalition patrolling the Gulf of Aden and the waters off the coast of Somalia ought to take decisive action against pirate dens on land.
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Analyst sees overseas profits for US coal firms
Forbes
Sales to those markets will likely offset slower demand growth for so-called thermal coal in the US and from China, he said. China is mining more of its own reserves, he said. Spiking prices for the hot-burning metallurgical coal used to make steel are
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Pak-US-Afghan meeting in Kabul next week: FO
Associated Press of Pakistan
Replying to a question regarding impact of the President’s Moscow visit and Prime Minister Gilani’s China visit on on Pak-US relations, the spokesperson said each relationship, whether with the US or China or Russia, is a stand-alone relationship.
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China-Malaysia trade hit record high last year
The Borneo Post
“Malaysia’s export to China totalled US$23.8 billion while import amounted to US$50.4 billion, registering a trade difference of US$26.6 billion,” he said at the installation of the 28th office-bearers of Sarawak China Trades Importers and Exporters
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China accedes request to take over operations at Gawadar Port: Mukhtar
Associated Press of Pakistan
He said,”We agreed on the point that stability had to be achieved in the region by the joint efforts of both Pakistan and China and by defeating the terrorists in the region. “At this point Pakistan asked China that a message may be conveyed to the US
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HK still gateway for foreign investment into China: US Consul General
Albuquerque Express
Data showed that last year almost two-thirds of the 105.7 billion US dollars’ foreign direct investment in China was conducted through Hong Kong, while over half of the 59 billion dollars’ investment from China in overseas markets was channeled through
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Maine businesses increasingly looking beyond US borders
Bangor Daily News
In the United States, he said, a company’s normal process is to understand the rules they must operate under and adjust processes to meet them. In China, Delva said, the company instead should meet the official who will be overseeing the regulations to
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Hon Hai head dealing with China fire aftermath
China Post
Terry Gou (郭台銘), chairman of consumer electronics conglomerate Hon Hai Group, flew to southwestern China yesterday to deal with the aftermath of a May 20 blaze that killed two and left 16 injured at a plant that makes iPads and iPhones for US
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Gold prices rose as China’s invest in gold surged 179%.
Wall Street Journal
Albanian_Minerals President in New York Sahit_Muja said “Strength in the gold prices is expected to increase as demand from China is expected to doubled in 2011″. Gold prices rose despite strength in the US dollar versus the euro and pound.
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Ticket pic of the Week: Encouraging signs of commercial decadence spotted in China
Los Angeles Times
Now, Brady tells us, the iconic kitty has spread into mainland China to accomplish the total domination that even the Imperial Japanese Army could not in the 1930s. Construction starts in July on a 150-acre, $215-million theme park in Zhejiang province
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Chinese policies put foreign firms at disadvantage, US report concludes
IDG News Service
The report notes that at a USChina summit meeting in January, “China agreed to delink its innovation policies for government procurement preferences and made other changes to its indigenous innovation policies, but these changes postdate the
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China: Will Increasing Wages Lead to Rebalancing?
Global Economic Intersection
To take the former, if inflation in China is higher than it is in the US, we can say that the RMB is appreciating in real terms even if its nominal exchange value hasn’t changed. Conversely if US inflation is higher than Chinese inflation,
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US Official Praises Nafta, Promotes Pending Trade Deals
GlobalAtlanta
While China, India, Brazil and other rapidly developing countries are booming markets for exports, Canada and Mexico are still the US’s strongest trade partners, said Suresh Kumar, the top official for the US & Foreign Commercial Service.
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US infrastructure crumbling
Dickinson Press
An analysis by the Urban Land Institute and Ernst and Young finds China is spending 9 percent of its GDP on infrastructure; the United States is spending less than 3 percent. China plans completion of a 10000-mile high-speed rail system in nine years;
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Klopp SZ Interview pt.2 – All of China would have been smiling…
schwatzgelb.com
In part one of the heartwarming interview with Süddeutsche Zeitung coaching phenomenon Jürgen Klopp told us about his new found love for Borussia and the city of Dortmund. In part 2 he gives an in depth analysis of the Sahin transfer and explains why
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Options Bears Feast on Chinese Firms
Wall Street Journal
US exchanges stopped trading under rules that require China MediaExpress, China Agritech and other companies to shed light on the accusations. But many halts dragged on for weeks or months, leaving investors in the lurch.
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SEYI (SHIEH YIH MACHINERY) Announces First Quarter Results for 2011
PR-USA.net (press release)
SEYI’s year-on-year sales growth is attributable to the continued expansion of Mainland China sales and the recovery of the Company’s key global markets. Sales to customers in Taiwan, the United States and South America increased by 224%,
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Peabody Energy Profits from ‘Tremendous’ China Demand: CEO
CNBC.com
The US burns about one billion tons of coal a year; by comparison, China burns about three billion tons a year. Even with China trying to slow down its economic engine, Boyce expects to see growth continue in the “lower-double-digits for the
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WikiLeaks: A battle to ‘carve up’ the Arctic
Aljazeera.net
My prediction is that we are still going to be addicted to oil [when the main icecaps melt] and these resources are going to be extracted by the most powerful lot – which would include Russia, the US and China.”
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Routes to the US: Mapping Human Smuggling Networks
InSight Crime
The biggest source countries in this region were India, China, Nepal, Sri Lanka, Ethiopia, Eritrea and Somalia. Although these intercontinental migration patterns have existed for years, testimony from immigrant rights NGOs suggests that the trend is
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UPI NewsTrack TopNews
UPI.com
SHENYANG, China, May 21 (UPI) — North Korean leader Kim Jong Il passed through Shenyang before a tentative visit with Chinese President Hu Jintao in Beijing, officials said. Kim was expected to visit industrial facilities in Shenyang, but his private
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US Stocks Fall a Third Week on Europe Concern
Bloomberg
Newfield Exploration, an oil and gas producer which operates in the Gulf of Mexico, onshore US, Malaysia and China, advanced 6.9 percent. El Paso, which operates natural-gas pipelines, rose 6.4 percent. Salesforce.com Inc. (CRM), the largest supplier
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Toshiba Design Questions May Slow US Regulator’s Nuclear Plant Approvals
Bloomberg
Four AP1000 reactors are under construction in China, according to Westinghouse. It’s “one of the most studied, reviewed and analyzed nuclear-power plant designs in the history of the commercial nuclear-power industry,” the unit of Tokyo- based Toshiba
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Usa: Asia: Strauss Kahn in Manhattan, IMF will replace him “by June”
Spero News
But India and China over the past decade have established themselves as “driving force” economies of international finance and have no intention to be bound by this state of affairs. Thursday, the representative of India to the IMF Board Arvind Virmani
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Cantwell Lays Out a ‘Smarter Way’ to a 21st Century Clean Energy Economy in
Power-Gen Worldwide
Yes, we have a daunting task in front of us with $4 gasoline prices, and the burdens on the American family, and we know that we are going to have to outbid China and India in the future if we don’t act. But as Secretary Chu recently said in a speech
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Crystal Bowersox concert to benefit TSA
Toledo On The Move
by China Sellers TOLEDO, OHIO — Northwest Ohio’s “American Idol” runner-up Crystal Bowersox has shot to stardom but she isn’t forgetting where she came from. She’s returning to help the school that helped to shape who she is today.
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