Skip to content

U.S. China News 2011.05.28

Sat, May 28, 2011

* US Treasury says China yuan “substantially undervalued”
Reuters
But Erin Ennis, vice president of the USChina Business Council, which represents roughly 230 American companies that do business in China, said Treasury made the right call. “While USCBC has advocated repeatedly that China should allow its exchange
See all stories on this topic »

Culture clash complicates China’s Brazil push
The Associated Press
China and Brazil’s bilateral trade surpassed $56 billion last year, up from $2.3 billion a decade earlier. In 2009, China replaced the US as Brazil’s biggest trading partner. Brazil isn’t China’s first foray into Latin America — Chinese companies have
See all stories on this topic »

US Treasury: China not manipulating currency [Full Text]
IBTimes Hong Kong
By Alex He | May 29, 2011 3:06 AM HKT The US Treasury Department on Friday released its semiannual report called “Report to Congress on International Economic and Exchange Rate Policies” that said China was not manipulating its currency, but China
See all stories on this topic »

Locke Breezes through Senate Hearing
CRIENGLISH.com
Before the third round of the ChinaUS Strategic and Economic Dialogue earlier this month in Washington, he again raised concerns about China’s intellectual property protection and a series of discriminative policies against foreign companies.
See all stories on this topic »

Region’s exports rise by 27% as US, China economies surge
Manila Bulletin
By MICK M. BASA DAVAO CITY, Philippines -– Mindanao’s export industry pulled off a remarkable 27 percent growth in exports last year, buoyed by the economic rebound of the US and surge in the China market, the island region’s socio-economic planning
See all stories on this topic »

As the US and China sit across a table, India is left without a chair
MSN India
Opinion & Viewpoint: Early May, even as the world was coming to grips with the killing of Osama bin Laden, the US was moving to deal with the other great challenger to its global interests, namely, China. The 3rd Strategic and Economic Dialogue (SED)
See all stories on this topic »

Having fun (part 2 of 2)
Houston Chronicle (blog)
A group of people gather around Wang Chao, Vice Minister of Commerce of China, to get his autograph during the US China Trade & Investment Seminar and Signing Ceremony at the Hilton Americas-Houston. (Johnny Hanson : Chronicle) ISO: 1600 Aperture: 2.8
See all stories on this topic »

North Korea’s happiness index rank: China top, US bottom (Photos)
IBTimes Hong Kong
According to the index, the happiest country in the world is China and North Korea is ranked no. 2. Interestingly, South Korea is ranked No.152 and the US ranks last at No.203. Chaoxian.com.cn sarcastically commented that “North Korea gladly gave the
See all stories on this topic »

Welcome back
Deseret News
It is the relative quiet in USChina relations during Huntsman’s ambassadorial tenure that speaks volumes about his successful leadership. Even as the two countries maneuver to establish a modus vivendi, Huntsman enjoyed respect from his Chinese
See all stories on this topic »

TheFXSpot: IMF Report On Greece, China PMI, US Jobs Data Eyed
IMarketnews.com
On the global data front, Chinese purchasing managers data, (CFLP and final HSBC due out June 1) and US non-farm payrolls, due out Friday, have the potential to roil markets. Overnight, Market News International released the result of its final China
See all stories on this topic »

Menendez Urges President Obama to Expedite Sale of Military Aircraft to Taiwan
Military & Aerospace Electronics
With reports and experts clearly outlining the direct threat Taiwan faces as a result of its decaying military aircraft and China’s unprecedented military buildup, US Senator Robert Menendez is leading efforts in the Senate to expedite the sale of 66
See all stories on this topic »

Commodity prices climb amid economic turbulence
Taipei Times
“Trading conditions continue to remain uncertain, following fairly disappointing economic data from the US and eurozone, uncertainty about a potential debt-restructure in Greece and weaker oil demand from the US, China and Japan,” said Myrto Sokou,
See all stories on this topic »

IN BRIEF: China Tops US Trade Reps Piracy Hub List; Baidu Called Out
DigitalEastAsia.com
Ironically, perhaps, as we announce the growth of the Chinese music market, but China has again topped the US Trade Representatives list of piracy hubs, as reported by DigitalMusicNews. The report covers the full spectrum of goods from pharmaceuticals
See all stories on this topic »

Gwynne Dyer: The world in 2050
Salt Lake Tribune
China’s economy, at $25 trillion annually, is only a couple of trillion ahead of the US in 2050. (All calculations are in constant dollars of the year 2000.) Then there is a long drop to India at $8 trillion and Japan at $6 trillion — and no other
See all stories on this topic »

Mayor Bell elated about China trip
WTOL.com
By Colleen Wells – email TOLEDO, OH (WTOL) – When Toledo Mayor Mike Bell landed in the United States after an eight day trip to China, he stepped on American soil with a deal from China’s Dashing Pacific Company to resubmit its plan to purchase and
See all stories on this topic »

China Thumbs Its Nose
The American (blog)
While the specific reasons behind China’s relationship with each of these three states differ, Beijing nurtures all three in an effort both to complicate the international environment for the United States and to pursue a predominance of influence (and
See all stories on this topic »

Rise in currency panders to voters
New Zealand Herald
The NZ dollar jumped to over US81c on Friday morning, after interest.co.nz and the NZ Herald reported that China’s Sovereign Wealth Fund may have allocated $6 billion of its US$330 billion ($407 billion) fund to buy NZ government bonds and other assets
See all stories on this topic »

China Development Bank to buy stakes in US private equity fund
People’s Daily Online
The China Development Bank (CDB), one of China’s three policy banks, said on Friday that the China Development Bank Capital Co., Ltd., a wholly-owned subsidiary of the CDB, is planning to buy a minority stake in a leading US private equity fund,
See all stories on this topic »

Reports: US man released from North Korean detention on way home
Monsters and Critics.com
Seoul – A US man held six months in North Korea headed home Saturday with a departing US envoy, two news agencies reported. Jun Young Su departed Pyongyang on a plane with Robert King, the US special envoy on North Korean human rights, China’s
See all stories on this topic »

Biggert among pols targeting 19th century anti-China laws
Chicago Sun-Times
Although the Chinese Exclusion Laws were repealed in 1943 as a war measure after China became a World War II ally of the United States, Congress has never formally acknowledged that the laws singling out and ostracizing Chinese were incompatible with
See all stories on this topic »

Rare earth ‘gold rush’ extracts a price
Sydney Morning Herald
A recent report by the American Security Project think-tank warned that, by way of rare earths, the US was ”completely reliant on China for production of some of the [Pentagon’s] most powerful weapons”. Though China denies exploiting its market
See all stories on this topic »

Don’t trust Pakistan, BJP tells US
Express Buzz
The US obsession with Pakistan has allowed China to expand its area of influence while keeping its hands clean. The deep nexus which the Chinese military has been able to establish with the Pakistan military is already strong enough to deny US its
See all stories on this topic »

Asian currencies drop on European debt concerns
Taipei Times
Elsewhere, the Thai baht fell 0.3 percent for the week to 30.38 per US dollar, according to data compiled by Bloomberg. South Korea’s won gained 0.1 percent to 1082.25, while China’s yuan advanced 0.02 percent to 6.4917. The US dollar fell for a second
See all stories on this topic »

ANALYSIS: What ails US-Pakistan relations? — II —SP Seth
Pakistan Daily Times
Not surprisingly, at this critical juncture in US-Pakistan relations, Pakistan is turning to China for moral and material support. Prime Minister Yousaf Raza Gilani’s recent China visit, among other things, was designed to let the US know that Pakistan
See all stories on this topic »

The One Thing No One Tells You About Doing Business in China
Forbes (blog)
Pointedly, for each and every one of us who would lead or manage anything in China, we need the respect of the people who drive execution: Chinese people. Chinese organizations. They don’t necessarily see us as the Purchasing Manager or the VP.
See all stories on this topic »

TECRO lauds US Senate’s F-16 stand
Taipei Times
“Military experts in both Taiwan and the United States have raised concerns that Taiwan is losing the qualitative advantage in defensive arms that has long served as its primary military deterrent against China,” it said. “US arms sales to Taiwan are
See all stories on this topic »

MSG linked to weight gain
Reuters
Obesity is not as much of a problem in China as it is in the United States, which might suggest that MSG is not a significant culprit in weight gain. But the Chinese tend to be physically active, which might help offset the pound-producing properties
See all stories on this topic »

Jonathan Aibel & Glenn Berger Talk ‘Kung Fu Panda 2’ & Their Plans For ‘King
Indie Wire (blog)
But when we went to China, in doing research for the second movie, we were very surprised by the response. Almost everyone that came up to us asked us – “How can a panda’s father be a goose?” And we realized that it struck a chord with people,
See all stories on this topic »

A tenth of each day spent watching television
US-China Institute
In China as in the US, most people continue to consume television via a standard set. In China people spend 6 times more time watching TV via sets as opposed to online or via cell phones. In the US, people watch 8 times more TV via their sets than they
See all stories on this topic »

Pak-US ties to suffer if drone attacks not stopped: Dr Firdous
PakTribune.com
The prime minister stated that the Chinese leadership apprised him that even without Pakistan’s asking, the Chinese vice premier and state counsellor for foreign affairs, who attended the recent ChinaUS Strategic and Economic Dialogue in Washington DC
See all stories on this topic »

U.S. entangled in Gordian knot in Southwest Asia
San Francisco Chronicle
Pakistan is flirting with China. American officials are threatening to curtail aid to Islamabad. Afghanistan is establishing what it calls the High Peace Council for reconciliation talks with the Taliban, while the United States is already saying the
See all stories on this topic »

Big Games of 2011: American McGee Returns to an Unreal Wonderland
GamerLive.TV
“The expectations we had for Unreal was set through interactions with Epic US and Epic China,” said McGee. “Both groups brought a level of professionalism and service seldom found among game engine providers. When the team has needed to overcome truly
See all stories on this topic »

Shanghai, NYSE draft foreign-listing rules
MarketWatch
the state-run China Daily reported Saturday, citing Duncan Niederauer, chief executive at NYSE Euronext. The US bourse has also expressed interest in offering shares on the planned international board, but Niederauer said there is no specific
See all stories on this topic »

Business jets take off in China
CharterX
At present, there are just over 130 executive jets registered in China, a fraction of the 15000 in the US, which has only a quarter of China’s population. The Chinese authorities are struggling to deal with a massive influx of registration requests
See all stories on this topic »

Dollar Drops on Outlook for Economy
Bloomberg
The US said yesterday China has made “insufficient” progress on letting the yuan rise and urged faster appreciation, without branding the world’s fastest-growing major economy a currency manipulator. The report, originally due in April, said “no major
See all stories on this topic »

Debate continues over efficacy and safety of acupuncture
eTaiwan News
One of the world’s oldest healing procedures, acupuncture has been practiced in Taiwan, China, Japan, South Korea, Vietnam and other Asian countries for thousands of years. It also plays a key role in traditional Chinese medicine (TCM) while the US and
See all stories on this topic »

MOVES-Credit Suisse, UBS, BNP Paribas, China Information
Reuters
To inform us of other job changes, email to moves@thomsonreuters.com. The company has hired Don Birchenough, the former head of telecom mergers and acquisitions at Deutsche Bank (DBKGn.DE), two people familiar with the matter said.
See all stories on this topic »

Global economy growing more slowly
Lawrence Journal World
By AP Washington — From the United States to Europe and even to booming China, the global economy is showing signs of strain. Most major economies are expected to keep growing. But evidence is mounting that many around the world are struggling to
See all stories on this topic »

The Week Ahead: Can Stocks Climb the Wall of Worry?
Forbes (blog)
Here is a sampling: Despite the concerns over debt contagion, a double dip in the economy, and slower growth in China, the US stock market was surprisingly strong. The early-morning declines on Wednesday and Thursday were met with good demand.
See all stories on this topic »

Commodities Bounce as G-8 Said Global Growth Self-Sustainable
International Business Times
The US dollar fell to a 1-week low against the euro after news said that China would increase purchases of European bonds. The front-month contract for crude oil price edged high to settle at 100.59, up +0.36%, after losing more than -1% on the prior
See all stories on this topic »

David Bianco, Chief U.S. Strategist, Bank Of America
istockAnalyst.com (press release)
And actually even though we think China likely slows down, particularly in terms of construction, I think China and other EM countries are moving to the super sweet spot for capital goods demand. KEENE: The super sweet spot.
See all stories on this topic »

U.S.‘s MEMS gap is worthy of a Sputnik moment
MarketWatch
There is a huge panic in the news about the US’s falling behind in technology, and that this is a new “Sputnik moment.” Let me assure you: This is hogwash. There is no Sputnik moment on the horizon unless China develops a quantum dot computer or
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: