Skip to content

U.S. China News 2011.05.26

Fri, May 27, 2011

Kerry: China must step up as economic superpower
Boston Globe
At the Department of Commerce, Secretary Locke led the administration’s first cabinet-level trade mission to China – a clean energy mission – and has served as the co-chair of the USChina Joint Commission on Commerce and Trade.
See all stories on this topic »

China Tops India as Asian Country Most Likely to Maintain Economic Growth
Bloomberg
The index suggests China and India’s economic surge is durable and will likely continue to drive global growth as the US, Europe and Japan lag behind. China eclipsed Japan last year as the world’s second-largest economy. “I am not surprised that China
See all stories on this topic »

China raps US sanctions on firms over weapons tech
DAWN.com
“This will do no good to the non-proliferation cooperation between the two countries, (which should be) based on equality and mutual respect,” Jiang Yu said in response to recent sanctions by the US on Chinese entities. – Reuters Photo BEIJING: China
See all stories on this topic »

China Luring Crude From US as Ecopetrol Targets Asia for Surge in Output
Bloomberg
“We are opening markets in the East — China and India are starting to be significant for us,” Gutierrez said. Asian “markets will keep growing a lot,” he said. China is buying oil assets in Latin America and helping finance exploration at companies
See all stories on this topic »

America History: US-Japan Relations Before World War Two
Voice of America
In the summer of that year, more Japanese troops moved into China. They quickly captured much of the Chinese coast. Much of the metal, oil, and other materials that Japan used for its war effort in China came from the United States.
See all stories on this topic »

Timing is key in Pakistan-China aerobatics
Asia Times Online
Rumors that Pakistan seriously considered allowing China to access remnants of a secret US stealth helicopter that went down during the raid against Bin Laden, thus allowing China a firsthand looking into the latest stealth technology employed by the
See all stories on this topic »

Ballmer Details China Piracy Problems
Wall Street Journal
Mr. Ballmer’s remarks on China shed fresh light on the damage Microsoft believes piracy is causing it in the world’s No. 2 economy. The company has long complained about the problem—which has also been an increasingly central subject in USChina trade
See all stories on this topic »

Analysis: China drought ignites global grain supply concerns
Reuters
Analysts are closely watching the weather in China, warning any further supply shocks in the grain markets would fuel a further rally in US corn and wheat futures, already stoked by harsh crop weather in the United States and Europe.
See all stories on this topic »

U.S. Commodities Day Ahead: Food Output May Be Hurt by Climate
Bloomberg
President Barack Obama, a day before attending a meeting of the Group of Eight countries, said the global leadership of the US and Europe remains “indispensable” even as rapidly growing nations such as China, India and Brazil assume greater economic
See all stories on this topic »

US wheat up for second day, corn rises on weather woes
Reuters
Excessive rains have delayed seeding of US corn, soybean and spring wheat which could reduce yields. Wheat crops are also suffering from dry weather in the United States, Europe and China. Chicago Board of Trade July wheat rose 1.1 percent to $8.05- a
See all stories on this topic »

O’Reilly: America Is in Big Trouble
Fox News (blog)
By Bill O’Reilly Earlier this week I was speaking with Henry Kissinger, who has a new book out on China. The former secretary of State and I agree that China believes the US may collapse economically, and so the Chinese government is very apprehensive
See all stories on this topic »

A default can actually be good for the US
Equitymaster.com
In 2010, if one were to look at a list of the world’s largest economies, USA, China and Japan bagged the top spots in that order. India did not even figure among the top 10. But come 2030 and this scenario could witness a big change.
See all stories on this topic »

China Passed The US In Information Technology. What’s Next?
Forbes (blog)
No country in the entire world publishes more scientific research in reputable journals than the United States of America. But China is breathing down America’s neck, according to a series of three analyses prepared for Forbes by SciVal Analytics,
See all stories on this topic »

WikiLeaks Documents Hint of Slick Plans for Arctic Oil
U.S. News & World Report
Unlikely allies like the US and China have joined to fight against any environmental agreement not suitable to their self-interest. The changing climate is creating business opportunities never dreamed of before. At stake could be as much as one
See all stories on this topic »

The Next Great Resource Shortage: U.S. Scientists
TIME
The Duke team found relative parity between the United States and China and India when the engineering comparison was apples to apples. And part of our STEM obsession is frankly just longtime habit. In the 1950s, it was Admiral Hyman Rickover calling
See all stories on this topic »

FOREX-Euro rises vs dollar on China support; kiwi soars
Reuters
By Wanfeng Zhou NEW YORK, May 26 (Reuters) – The euro rose against the dollar on Thursday after a news report said China is interested in buying bailout bonds for Portugal and traders said more gains could be in store ahead of the US long weekend.
See all stories on this topic »

LinkedIn to Be ‘Cautious’ About China Approach, Vice-President Rajan Says
Bloomberg
By Bloomberg News – Thu May 26 05:50:31 GMT 2011 LinkedIn Corp., the first major US social-media company to go public, said it will be “cautious” in its approach to China and won’t rush in with a product that doesn’t work. China has a potential target
See all stories on this topic »

Harry Winston plans rapid China growth
Reuters
Demand for luxury goods in the United States was rebounding strongly, de Narp said. There are currently eight Harry Winston salons in the country and de Narp sees North America accommodating two or three more of its salons.
See all stories on this topic »

NYMEX-Crude seesaws ahead of us eonomic data
Reuters
[GOL/] * Copper steadied on lingering concerns over weaker Chinese demand and as the euro strengthened against the dollar after a report China and other Asian countries are interested in Portuguese bailout bonds. [MET/L] * Preliminary first quarter US
See all stories on this topic »

US Spends Money Country Does Not Have To Repair A Chinese Issue
Gamut News
America has informed China for years that they should allow the yuan to increase so that the fiscal issues the two currencies have would be eliminated at best. The US is in debt to China and that money is just piling up in the People’s Bank of China.
See all stories on this topic »

Dollar pares loss after Greece comments
MarketWatch
That cut into the shared currency’s earlier gains on the back of a report that China and other Asian investors are interested in buying Portuguese bailout bonds. The euro (US:EURUSD) pared its gain to $1.4107, after touching $1.4206 intraday and up
See all stories on this topic »

Xinyuan Real Estate Co., Ltd. Declares Dividend and Announces Share Buyback
PR Newswire (press release)
a residential real estate developer with a focus on high growth, strategic Tier II & III cities in China, announced today that its Board of Directors has declared a cash dividend of US$0.05 per common share, or US$0.10 per American Depositary Share
See all stories on this topic »

Globalization or Recentralization
Diamonds.net
While the evolutions in China and India were moving ahead well before then, the slowdown of growth in the US has caused a shift in factors influencing the market. The result is that, post-recession, the US is no longer setting the pulse of the industry
See all stories on this topic »

Corriente’s Hart Bets Against China’s Yuan on Concerns of Rising Inflation
Bloomberg
Chanos, who has been forecasting a Chinese housing crash since last year, said Chinese developers have too much land on their balance sheets, similar to the US before its housing market tumbled in recent years. China’s economy expanded 10.3 percent in
See all stories on this topic »

Rising raw prices to hurt luxury margins
Reuters
Management consulting firm McKinsey & Co conducted research that showed 28 percent of people in China were ready to pay full price for luxury items compared with only 6 percent in Europe and 9 percent in the United States.
See all stories on this topic »

EUR/USD hits 4-day high, after US GDP, jobs data
International Business Times
The euro was also supported by reports of China’s interest in buying bailout bonds for Portugal that will be issued in mid-June, but concerns remained over debt restructuring of Greece. “The continuing soap opera that is the Greek Crisis looks like it
See all stories on this topic »

Lenovo’s Profit Triples on Corporate Demand
Bloomberg
By Mark Lee – Thu May 26 08:56:19 GMT 2011 Lenovo Group Ltd. (992), China’s biggest maker of personal computers, reported fourth-quarter profit tripled, beating analysts’ estimates, after increasing sales to businesses in the US and Europe.
See all stories on this topic »

Kim Jong Il Pledges to Pursue Nuclear-Free Korea
Global Security Newswire
The six-party talks refer to the long-stalled aid-for-denuclearization negotiations that involve host China, Japan, the two Koreas, Russia and the United States (Agence France-Presse I/Google News, May 26). The state-operated Korean Central News also
See all stories on this topic »

Greenback Depreciates versus Major Global Currencies, Euro Rises
USA Market News
US Dollar slid versus the European counterpart on Thursday, after news showed that China and other Asian investors were attracted in purchasing Portuguese bail out bonds. On Wednesday, the Financial Times posted that Asian investors were purchasing the
See all stories on this topic »

US Regulators Aim to Extend Reach
Wall Street Journal
The prospect of such requirements is triggering a backlash from government-backed foreign institutions, including the European Central Bank, Bank of France and China’s sovereign-wealth fund, China Investment Corp. They argue the US is overstepping its
See all stories on this topic »

Turkey Tail Mushroom HALTS Prostate Cancer: China & Japan Used It For Centuries
Inventorspot
According to Wild Branch Mushrooms, the turkey tails are one of the most common mushrooms in the northern forests of the world, from Europe to China and Japan, from Siberia to the US and Canada. There have been vast studies of the effects of turkey
See all stories on this topic »

US entering a population slump?
CNN
If you think of the US and Europe, it’s just becoming a smaller and smaller share of the global population. China and India — that’s over 2 billion people. That’s over a third of the world,” he said. “And it’s going to continue to be that way over
See all stories on this topic »

GLOBAL MARKETS-US stocks, oil fall on weak data; euro rises
Reuters
By Richard Leong NEW YORK, May 26 (Reuters) – US stocks and oil fell on Thursday due to disappointing economic data, while the euro hit a one-week peak versus the dollar, helped by a report on China’s possible interest in “bailout” bonds for Portugal.
See all stories on this topic »

ASIA FX: US Dollar Weaker, Euro Rallies on Risk-Seeking
IMarketnews.com
The report cited Klaus Regling, the chief executive of the European Financial Stability Facility, as saying Beijing was “clearly interested” in the Portuguese auctions and that he expected China to participate. He argued the intense interest from Asia
See all stories on this topic »

The Republicans’ Sinophile US presidential candidate
Asian Correspondent
If Huntsman were to win the Presidency, USChina relations would stand to benefit from his deep knowledge of the administration in Beijing. “From an objective point of view and from China’s point of view, it would be good for the USChina relationship,
See all stories on this topic »

Crude Rises to Highest in Two Weeks on US Fuel Demand; SocGen Sees $106
Bloomberg
China may face power shortages of 30 gigawatts this summer, the China Electricity Council said last month. The government suspended diesel exports to increase supplies for use in power generation. US distillate consumption was the highest since the
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: