Skip to content

U.S. China News 2011.06.02

Thu, June 2, 2011

War of Words Between US and China Over Google Email Hack
CNBC.com
Clinton’s comments put a spotlight on China and its alleged long-running efforts to penetrate US business and political cyber security in pursuit of secrets relating to everything from technological advances to behind-the-scenes political decision
See all stories on this topic »

US Reps: China Currency Taking Backseat To Other Issues
Wall Street Journal
the co-chairs of the bipartisan USChina Working Group, said at a panel discussion that Beijing’s exchange-rate policy is no longer the most pressing issue when US and Chinese officials meet face-to-face. Instead, US policy makers are more focused on
See all stories on this topic »

US not trying to hold China down: Gates
The Hindu
He added that China “is a global power and will be a global power.” The Secretary’s comments came in the wake of recent moves between the US and China, to bring greater rapprochement to a bilateral relationship that hit a frosty low last year.
See all stories on this topic »

US to Investigate Google China Hacking Claims
New York Times
By JOHN MARKOFF and DAVID BARBOZA SAN FRANCISCO — Secretary of State Hillary Rodham Clinton said Thursday that the FBI would investigate allegations by Google that China was the origin of clandestine attacks on its Gmail service.
See all stories on this topic »

‘Legal Pot,’ Made in China, Sold To US Kids
ABC News
ABC News tracks the chemicals in ‘Spice,’ used by US teens, to a Shanghai lab. ABC News tracks the chemicals in ‘Spice,’ used by US teens, to a Shanghai lab. Undercover video catches head shops selling ‘spice’ to underage teens.
See all stories on this topic »

Zimbabwe sold to China for US$100 million
Zim Diaspora
China’s Export-Import Bank, wholly owned by Beijing, is supposedly providing Zimbabwe with the cash to build the Zimbabwe Defence College, which is being designed and constructed by AFECC. To recoup its expenses, AFECC will garnish Zimbabwe’s diamond
See all stories on this topic »

US & China: The Next Five Years
Voice of America
“We should . . . recognize the benefits of greater economic interdependence between China and the rest of the world.” — Under Secretary Robert Hormats At a recent conference in Washington, US Under Secretary of State for Economic,
See all stories on this topic »

Join Hands on Burma: US to China, India
Outlook
PTI | Lalit K Jha/Washington | Jun 02, 2011 The US today asked India and China to join hands with it to achieve true democracy in Burma and protection of human rights of its people, saying the two Asian nations “remain important” for engaging the
See all stories on this topic »

Two plead guilty in China microchip case: US
AFP
The two, who face up to five years in prison, pleaded guilty to conspiring to violate a US arms embargo on China by trying to acquire thousands of radiation hardened programmable read-only memory microchips from a company in Virginia.
See all stories on this topic »

Markets Plunge Because of Greece, China, and the U.S. (Or so they say.)
TIME
And yes, US economic data is weak, with manufacturing showing less robust expansion in the latest surveys, with car sales sluggish, housing sales nowhere to be found, and employment at best doing a flat-line. As for China, reports of its slowing are
See all stories on this topic »

China Ignoring Pleas to Halt Missile Tech Exports, US Cable Says
Global Security Newswire
Given the secretary of State’s comment that ‘we have received little or no response,’ I’d say that reflects that the US and China share ‘little or no’ … ‘mutual nonproliferation goals.'” A UN report sent last month to the Security Council committee
See all stories on this topic »

Petsec to sell China oil interest for $38m
Ninemsn
The sale is expected to be completed during June and follows previous advice from Petsec that it had decided to put the China interests on the market and use the proceeds to fund a significant expansion of its US petroleum operations.
See all stories on this topic »

Equities fall as risk on hold, US dollar steadies
Economic Times
Readings of economies around the world from China to the United States have been for the most part undershooting forecasts, raising questions about how well risky assets will hold up once the Federal Reserve’s $600 billion bond buying programme ends
See all stories on this topic »

China is a strong, aggressive economic competitor for US in Africa’
Business Line
PTI China is a strong and aggressive economic competitor for the US in Africa, a Obama Administration official has said. “China is, in fact, a strong and aggressive economic competitor in Africa. It is clearly concerned about trying to acquire for its
See all stories on this topic »

US Data Weighs on Asia; Shares Sharply Down
Morningstar.com
By Nazim Khan | 06-02-11 | 05:17 AM | E-mail Article Asian shares traded lower Thursday, weighed down by data released this week beginning with China through to the US that raised questions about the health of a global economic recovery.
See all stories on this topic »

U.S. has not raised Google case with China-State Dept
Reuters
WASHINGTON (Reuters) – The US government has not formally raised Google Inc’s latest allegations of hacking with the Chinese government because the incident is still under investigation, the US State Department said on Thursday.
See all stories on this topic »

China undercuts US sanctions on Iran
Politico
China is Iran’s biggest single trading partner and largest investor in the oil and gas sector. | Reuters Close By BARBARA SLAVIN | 6/2/11 4:54 AM EDT Since the failure of a brief effort at engaging Iran, the Obama administration has pivoted to economic
See all stories on this topic »

GTSO Supports New Bipartisan Bill to Improve U.S. Rare Earths Supply Chain
EON: Enhanced Online News (press release)
Currently, China supplies more than 95 percent of the world’s rare earths, creating serious economic and security vulnerabilities for the US and its allies. In recent years, China has reduced export quotas, raised mineral taxes and restricted mining
See all stories on this topic »

CIA Releases Film on Blown China Spy Mission
ABC News
It wasn’t until December 1971 that Fecteau was released, followed by Downey 15 months later, due to what the agency called “warming relations” between the US and China. Though they endured harsh conditions and repeated interrogations, the CIA said the
See all stories on this topic »

Nikkei falls sharply on soft US data, politics no help
Oman Daily Observer
Shares in Hong Kong and China fell too with Shanghai’s main index slumping to a four-month low, on signs that the global economic recovery is losing steam and on fears of more policy tightening in China over the coming long weekend.
See all stories on this topic »

China stocks fell on US woes in Asia
Chinavestor.com (blog)
The Shanghai Composite Index (SHA:000001) fell just as much as investors feared the US economy might not be genuine. The decline was universal in both key Asian markets. Stocks that fell outnumbered those that advanced five to one among components of
See all stories on this topic »

Shares dumped as US fears grow
Sydney Morning Herald
The sell-off followed a gloomy report from US factories and worse-than-expected jobs data, with the private sector adding just 38000 jobs in May against market expectations of 175000. Weaker-than-expected manufacturing data from Europe and China added
See all stories on this topic »

Startup, dropout: The China tech IPO boom is only beginning
Fortune
So American investors and media are using US-centric formula to keep them sorted: X is the Y of China. Some recent examples: Ren Ren (RENN), which went public last month, raising $743.4 million in May 4 IPO, is the “Facebook of China.
See all stories on this topic »

When Will China’s Economy Overtake America’s?
Project Syndicate
But the consumption basket of an average Chinese is vastly different from the consumption basket of an average American, so PPP comparisons between China and the US can be misleading. PPP gives an answer to the following question: how much does a
See all stories on this topic »

Former California State Assembly Speaker Robert Hertzberg Elected to ChinaUS
PR Web (press release)
The ChinaUS Energy Efficiency Alliance is honored to announce that, on May 4, Robert M. Hertzberg was elected to its Board of Directors. “In both public service and private enterprise, Bob Hertzberg has been a visionary leader and committed advocate
See all stories on this topic »

China Maritime Strategy in Gwandar and South China Sea
Examiner.com
Already, PacCom commander US Navy Admiral Robert Willard has stated he’s “concerned” about China’s recent behavior. I would argue, however, that China’s aggression in Southeast Asia is ultimately in the United States‘ national interest so long as it
See all stories on this topic »

Google hacking allegations ‘very serious’ says Clinton
The Guardian
One example, an email headed “Fw: Draft USChina Joint Statement”, read: “This is the latest version of State’s joint statement. My understanding is that State put in placeholder econ language and am happy to have us fill in but in their rush to get a
See all stories on this topic »

Analysis: Japan effect can’t fully explain global soft patch
Reuters
T) sales dropped 35 percent in China last month, the company said on Thursday. But Japan’s troubles don’t explain why economic growth slowed in the United States, India, China and elsewhere in the first quarter. The March 11 earthquake and tsunami came
See all stories on this topic »

US has serious concern over NKorea aid monitoring
San Francisco Chronicle
Zhang Li / AP In this photo released by China’s Xinhua news agency, Robert King, left, US special envoy for North Korean human rights issues, and US citizen Eddie Jun, right, prepare to leave Pyongyang, North Korea, on Saturday May 28, 2011.
See all stories on this topic »

Cybersecurity becoming US diplomatic priority
Montreal Gazette
had tried to steal the passwords of hundreds of Google email users including senior US government officials, Chinese activists and journalists. Chinese officials denied any government connection, saying that China was also a victim of hacking.
See all stories on this topic »

US Commodities Day Ahead: Deripaska Joins Russia’s Grains Rush
Bloomberg
Zijin Mining Group Co., China’s biggest gold producer by market value, is seeking to invest in copper projects in central Africa after prices gained. United Co. Rusal, the world’s largest aluminum producer, is preparing to pay its first dividend as a
See all stories on this topic »

Venezuela Remains Angry at US Sanctions
Minyanville.com
Ramírez suggested that PDVSA is keen to reduce Venezuela’s dependence on the US and so may increase trade to China and other nations. Foreign minister Nicolas Maduro, who also joined PDVSA’s board of directors last week, said that Venezuela was easily
See all stories on this topic »

Asian Stocks Decline as US Jobs, Manufacturing Grow Less Than Estimated
Bloomberg
Manufacturing growth from China, the US and Europe slowed in May, adding to signs that momentum is weakening in a global economy facing headwinds from rising commodity costs and financial shocks. Greece’s risk of default was raised to 50 percent by
See all stories on this topic »

APT Won the US$17 Million Tender of Haier Group for Domestic Air-conditioner
PR Newswire (press release)
SHENZHEN, China, June 2, 2011 /PRNewswire-Asia/ — Uni Core Holdings Corporation (OTC Bulletin Board: UCHC), an aggressive ‘company doctor’ and ‘incubator’ of mid- to large-size companies in China, recently announced that Qingdao Eastern Sunrise Paper
See all stories on this topic »

McDonald’s, Yum compete for China market share
MarketWatch
By Annie Gasparro McDonald’s Chief Executive Jim Skinner says McDonald’s has accelerated its growth in China faster than any other country in its history besides the US But it takes a lot of training for employees, capital investment and identifying
See all stories on this topic »

Slow goes slower
UPI.com
The largest firms appear to be focused on profiting from the new economic frontier, or, put another way: On China. US automakers in May outperformed their Japanese rivals, which found themselves clobbered by tight supplies due to the March 11
See all stories on this topic »

India listed among top four wealth creators
The Hindu
File photo In its annual Global Wealth Report, management consulting firm Boston Consulting Group has listed the US, China, the UK and India as the nations showing the largest absolute gains in wealth in 2010. India has emerged among the four fastest
See all stories on this topic »

Close up: Kung fu fighting
The Guardian
Photograph: AP The US and China are going to war. And Kung Fu Panda struck the first blow. Not content with whispers about cyber attacks, squabbles over currency values and set-tos at environmental summits, the two global powers are widening their
See all stories on this topic »

Toyota says China sales down 35 percent in May from year ago
Reuters
T) said on Thursday that it sold 38500 cars in China during May, 35 percent less than a year ago, due the part shortage caused by Japan’s devastating earthquake and tsunami in March. In the first five months of the year, the Japanese automaker sold
See all stories on this topic »

China Medical Technologies CEO Discusses F4Q2010 Results – Earnings Call
Seeking Alpha
A number of potential risks and uncertainties are outlined in the company’s public filings with the US Securities and Exchange Commission. China Medical does not undertake any obligation to update any forward-looking statement except as required by
See all stories on this topic »

US stock futures inch up; chain store sales eyed
Reuters Africa
O: Quote) email account holders, including those of senior US government officials, Chinese activists and journalists, the Internet company said. [ID:nN01199426] * China’s Foreign Ministry on Thursday said it “cannot accept” accusations that hackers
See all stories on this topic »

EURO GOVT-Bunds stable; periphery, US data should support
Reuters
A string of weak data out of the United States, China and Europe has been supportive for triple-A paper and a weak reading for US non-farm payrolls on Friday could reinforce that trend. Data on Wednesday showed US companies hired fewer workers than
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: