Skip to content

U.S. China News 2011.05.23

Mon, May 23, 2011

US Commodities Day Ahead: Copper Drops on China Manufacturing
Bloomberg
By Stuart Wallace – Mon May 23 11:28:44 GMT 2011 Copper fell the most in almost two weeks in London as figures showed weaker manufacturing growth in China, the world’s biggest consumer of the metal. Copper imports into the country slumped.
See all stories on this topic »

China Presses US to Reassess Law on Taiwan Arms Sales
Voice of America
General Chen Bingde had some pointed remarks about US arms sales to Taiwan. Speaking on Wednesday at the National Defense University here in Washington, he called such sales the main source of friction in USChina relations.
See all stories on this topic »

China aims to surpass US in physical gold reserves
International Business Times
Beijing has long complained that the US Federal Reserve’s policy of Quantitative Easing (QE) results in exporting America’s inflation to China. Hence the propensity to hedge against the runaway costs in the domestic market by stacking up gold assets.
See all stories on this topic »

America And China: Finding Cooperation, Avoiding Conflict?
Forbes (blog)
The US and China are tightly linked by trade, but American officials complain about Chinese trade barriers and especially an overvalued currency. In turn, Beijing criticizes US restrictions on Chinese investments. The Chinese government, a large buyer
See all stories on this topic »

From China, an end run around US tariffs
Washington Post
The United States and China have exchanged accusations of dumping for years and imposed tit-for-tat duties. All along, though, China has generally come out on top: Its trade surplus with the United States rose to $273 billion in 2010, according to US
See all stories on this topic »

China, U.S. military ties to increase transparency in Asia Pacific
RIA Novosti
In addition to the political agenda, the delegation also had the opportunity to visit several US military installations, some of which were previously closed to foreign militaries. Earlier this year, the Presidents of China and the United States Hu
See all stories on this topic »

China US to spur luxury sector
Moneycontrol.com
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 recovery. Barring unforeseen events that could either dent
See all stories on this topic »

India, US agree to disagree on China
Deccan Chronicle
Auslin noted that the contours of USChina ties had of late changed from “engage, then hedge” to “hedge, then engage.” A further indication of where Washington stood on India’s core issues was provided by an American official who insisted that the
See all stories on this topic »

America’s Loss, China’s gain
Todays Views
Gwader was originally built by the Chinese for giving sea access to the Western provinces of China. US machination forced the Zardari government to hand over the port to the American friendly Singapore Port Authority. The Singapore port authority,
See all stories on this topic »

China Rush to US Colleges Reveals Predatory Fees
Bloomberg
Eager to mine a newly affluent China, the State University of New York, Tulane University in New Orleans and scores of other schools are starting to pay agents a commission for each student enrolled — an incentive that’s banned when recruiting US
See all stories on this topic »

Analysis: Too soon to call time on China’s economic boom
Reuters
But China’s development surge started from a much lower level. Its GDP per capita of $4200 in 2010 was still only 9 percent of that in the United States. China’s standard of living today is comparable to that of Japan in 1954, Taiwan in 1972 and South
See all stories on this topic »

China Share Could Catapult GM Back Above Toyota
Forbes (blog)
While GM has managed to restructure its business after bankruptcy and is posting impressive earnings growth, Toyota has seen a variety of problems since its massive vehicle recalls in the US last year. With China being the largest auto market in the
See all stories on this topic »

Mt. Laurel man speaks from the US to China
The Mt. Laurel Telegram
In one of his recent talks in China, Stevenson spoke on the importance and patent litigation aspects of the US Abbreviated New Drug Application and New Biosimilars legislation to Chinese pharma and biotech companies exporting to the US The Chinese
See all stories on this topic »

China Lion pursues America: AMC Entertainment courts Chinese moviegoers with
Film Journal
And Barlow, not optimistic that China will lower the barrier to US films anytime soon, believes that those borders will remain restrictive for the near future as socioeconomic relations between China and America remain guarded at best.
See all stories on this topic »

Jon Huntsman weighs GOP presidential bid
USA Today
On Monday, Huntsman will meet with another former US envoy to China, one who managed to move on to the White House. He and his wife will have lunch with former president George HW Bush and Barbara Bush at the Bush compound in Kennebunkport, Maine,
See all stories on this topic »

Longtop CFO, auditor quit; SEC begins accounting probe
Reuters
May 23 (Reuters) – China’s Longtop Financial Technologies said the US Securities and Exchange Commission has begun an inquiry into its financial statements and that its finance chief, who recently stepped down from Renren’s audit committee, has quit.
See all stories on this topic »

Poisonous Praise? Democrats Embrace Moderate GOP 2012 Presidential Hopefuls in
ABC News
By DEVIN DWYER (@devindwyer) President Barack Obama tours the Great Wall of China in Badaling, outside of Beijing, China, with US Ambassador to China Jon Huntsman in this Nov. 18, 2009 file photo. (Saul Loeb/AFP/Getty Images) Democrats are hoping to
See all stories on this topic »

Huntsman’s comments on personal faith criticized
BYU Daily Universe
By Hunter Schwarz Jon Huntsman, former US ambassador to China and prospective Republican presidential contender, responded to questions about his faith last week on Good Morning America. Huntsman faced criticism from some after he said to Time magazine
See all stories on this topic »

Aussie Falls to 5-Week Low on Europe Debt, China Manufacturing
BusinessWeek
By Monami Yui May 23 (Bloomberg) — Australia’s dollar fell to the lowest level in almost five weeks against its US counterpart as manufacturing slowed in China, the nation’s biggest trade partner, and concern grew that Europe’s debt crisis will worsen
See all stories on this topic »

US AirSea Battle: Countering China’s Anti-Access Strategies – Analysis
Eurasia Review
Recent top level talks in Washington between China and US included Chinese military officers for the first time. Their presence may have helped provide greater understanding of each side’s military intentions. China is acquiring a range of powerful new
See all stories on this topic »

China stepping closer to becoming clean energy power
People’s Daily Online
The multi-level interaction between China and the United States in the field of clean energy became a focus during the recently-concluded third round of the United StatesChina Strategic and Economic Dialogue. A report released by the World Wildlife
See all stories on this topic »

China Sunergy Announces First Quarter 2011 Financial Results
MSN Money
The Company also experienced operating cash outflow of US$92.0 million. These results were directly related to slower than expected sales in Italy. In April, the Company set up China Sunergy (US) Clean Tech Inc in San Francisco, CA as its US
See all stories on this topic »

China propaganda film to US
Variety
In North America the distribution partnership will enable the film to be showcased via China Lion’s exclusive deals with AMC for the US and Toronto as well as Cineplex for Vancouver and Consolidated Theaters in Hawaii.
See all stories on this topic »

Optimism for international trade growth in 2011
MiamiHerald.com
US companies said China is the most promising region for trade growth over the next six months, according to an HSBC Trade Confidence Index. BY MIMI WHITEFIELD This is the year trade through the Miami Customs District, which includes airports and
See all stories on this topic »

U.S. Ocean Exports Reach Three-Year High
Sacramento Bee
On a country level, China remained the largest market for US exports, followed by Japan. Exports to China grew 14 percent, and the increase of 77030 TEUs was the largest to any single country. Exports to Japan increased 13 percent.
See all stories on this topic »

Landis+Gyr+Toshiba: First Truly Global Smart Grid Company?
Reuters
The big prize in Asia, of course, is China. Pike Research estimates that China will consume an average of 30 million smart meters per year over the next three years, almost three times the number in North America. Although Toshiba has a significant
See all stories on this topic »

US, Pakistan Near Open War; Chinese Ultimatum Warns Washington Against Attack
PakTribune.com
According to Pakistani diplomatic sources cited by the Times of India, China has “warned in unequivocal terms that any attack on Pakistan would be construed as an attack on China.” This ultimatum was reportedly delivered at the May 9 ChinaUS strategic
See all stories on this topic »

US stocks dive on overseas fears
AFP
NEW YORK — US stocks were sharply lower Monday as investors fretted about heightened European debt woes and global economic growth following manufacturing slowdowns in the eurozone and China. At around 1530 GMT the Dow Jones Industrial Average of
See all stories on this topic »

NYMEX-Crude falls on euro zone debt woes, China data
Reuters
NEW YORK, May 23 (Reuters) – US crude futures prices fell 3 percent on Monday, retreating under $100 a barrel as euro-zone debt concerns continued to push the euro lower and strengthen the dollar, and after data showed China’s factory expansion slowing
See all stories on this topic »

Prada, Retailers Seek Billions from Hong Kong
Wall Street Journal
World-wide sales of luxury goods are surging this year, fueled by double-digit growth in China and a resurgence in the more mature markets of the US and Europe, according to a study from consulting firm Bain & Co. Mainland China will continue to be the
See all stories on this topic »

Mid-Day Update: Stocks Ensconced in Red as European Debt Overhangs World Markets
NASDAQ
Stocks are off sharply at mid-session as renewed concern over Europe’s debt and disappointing economic news out of China weigh on investors. With no major US economic reports scheduled for release today, investors focused on the sovereign debt crisis,
See all stories on this topic »

U.S. markets slide
UPI.com
NEW YORK, May 23 (UPI) — US markets fell Monday, with investors concerned about a slowdown in China. HSBC said the purchasing managers index for China dropped to 51.1 in April from 51.8. Japanese electronics giant Sony also shook investor confidence
See all stories on this topic »

Foreign Buyers Show New Interest In US Homes
Consumer Affairs
Maybe you should run an ad in a Canadian newspaper, or one in China, or Abu Dhabi. While many US consumers can’t get financing or lack interest in owning a home, foreign buyers are showing new interest in the US, according to the National Association
See all stories on this topic »

Economic Indicators Weigh on Asian Markets
Wall Street Journal
A preliminary read of an HSBC purchasing managers index for China slowed to its lowest rate in 10 months in May. At 51.1, the index is still in positive territory, above 50, but below the long-term average of 52.3. Business surveys in the US last week
See all stories on this topic »

Big Bets on Macau
Live Trading News
MGM China Holdings Ltd, a Macau casino Joint Venture between US based MGM Resorts International (NYSE:MGM) and the daughter of gaming tycoon Stanley Ho, Monday began the process of retail book building for its IPO, days after Macau’s another major
See all stories on this topic »

UPI NewsTrack Business
istockAnalyst.com (press release)
(Source: United Press International)US markets down NEW YORK, May 23 (UPI) — US markets fell early Monday, with investors concerned about a slowdown in China. HSBC said the purchasing managers index for China dropped to 51.1 in April from 51.8.
See all stories on this topic »

SGS Shanghai Becomes First China Lab Certified for New CPSC Crib Tests
PR Newswire (press release)
“A large percentage of cribs sold in the US are manufactured in China. With the new CPSC crib standards, having testing services near the point of manufacture is going to be essential in order to avoid delays in getting new models to market,” said
See all stories on this topic »

US Stocks Drop As Investors Flee Risky Assets; DJIA Down 151
Wall Street Journal
China Fire & Security jumped 16% after a definitive going-private deal with Bain Capital Partners LLC and other investor groups that values the China-based maker of industrial fire-protection systems at about $266 million. The US dollar rallied versus
See all stories on this topic »

Lawsuit accuses Cisco of aiding Chinese repression
CNET
E-mail Steven. by JunkYardTM May 22, 2011 10:05 PM PDT The US should be proud China has come so far as a superpower. We have nurtured it into being the most powerful communist country on the planet. +1 US.. I blame this all on “old people”.
See all stories on this topic »

L&L Energy Establishes New Operation in China
Sacramento Bee
By L & L Energy, Inc. SEATTLE, May 23, 2011 — /PRNewswire/ — L & L Energy, Inc., (Nasdaq: LLEN) (“L&L” or the “Company”), a US-based company since 1995 with coal mining and distribution businesses in China, announced today the formation of Yunnan L&L
See all stories on this topic »

The Record: Letters, May 23, 2011
NorthJersey.com
I strongly urge the United States to revive its manufacturing industry so American-made products are available to people around the world, especially those in China. It is a tradition to bring back gifts when the Chinese travel to places,
See all stories on this topic »

Ford to Build Transmission Plant in China
American Machinist
Marin Burela, president of CFMA, explained that project would expand the venture’s manufacturing and technical capabilities in China, “enabling us to provide an increased level of high-quality, and fuel-efficient vehicles with smart technologies to the
See all stories on this topic »

Tibet: US Senators Return, But Maybe Without The Full Story
UNPO
Hence, the report’s following sentence stating that “China’s willingness to open Tibet to foreign official visitors reflects growing confidence among Chinese authorities that conditions in Tibet have stabilised”, should be changed into “reflects the
See all stories on this topic »

New US Release Kung Fu Panda 2
Variety
Chopsocky panda Po returns to save China from a fresh threat in “Kung Fu Panda 2,” a worthy sequel to DreamWorks Animation’s biggest non-“Shrek” hit that gets an extra kick from the addition of dynamic 3D fight sequences. Expanding the Jack Black
See all stories on this topic »

US Stocks Fall on Concern About Europe as Commodities Tumble
Bloomberg
Data today showed China’s manufacturing may expand at a slower pace this month. The euro tumbled to a record low against the Swiss franc and the US dollar rallied, reducing the appeal of commodities as alternative investments.
See all stories on this topic »

US HOT STOCKS: Krispy Kreme, H&R Block, Ryanair, Campbell Soup
Wall Street Journal
China Fire & Security Group Inc. (CFSG, $8.52, +$1.19, +16.23%) entered a definitive going-private deal with Bain Capital Partners LLC and other investor groups that values the China-based maker of industrial fire-protection systems at about $266
See all stories on this topic »

Russia, US Press to Keep Smallpox Stocks
Global Security Newswire
Canada, China, Colombia, Israel, Monaco and the European Union backed a resolution that would allow Russia and the United States to hold onto the smallpox stores for years, according to AFP. Lined up against the Moscow-Washington resolution were
See all stories on this topic »

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: