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U.S. China News 2011.06.07

Tue, June 7, 2011

US claims victory in China wind energy spat
AFP
As the two powers tussle to dominate the green energy sector, the United States cast China’s decision as a victory for US workers. “We challenged these subsidies so that American manufacturers can produce wind turbine components here in the United
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China official warns on “excessive” holdings of U.S. assets
Reuters
US dollar notes are seen in this picture illustration taken at the Bank of Taiwan in Taipei November 11, 2010. By Kevin Yao and Zhou Xin BEIJING (Reuters) – China should guard against risks from “excessive” holdings of US assets as Washington could
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China Leading US in Renewable Energy Investment Attractiveness (Top 10 Lists)
CleanTechnica
Overall, China is still leading after taking the top spot from the US last year. The top 10 countries are as follows (the highest possible score is 100): The indices are based on a “long-term” view of up to 5 years. So, while a renewable energy leader
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FOREX-Dollar index at 1-month low as China warns on US assets
Reuters
China has been growing its share of US securities quite aggressively in the past, and the threat that they will be selling these holdings has always been there,” said Adam Myers, senior forex strategist at Credit Agricole. “But this is not a credible
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Could China help US by enforcing IP protection?
Christian Science Monitor (blog)
If China starts providing more enforcement to protect intellectual property, it could help the US economy. By Matthew E. Kahn, Guest blogger / June 7, 2011 Matthew Slaughter’s piece in the WSJ offers the possibility of 2.1 million new jobs for antsy
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US warns China over the East Sea
VietNamNet Bridge
While Mr Gates expressed concern about the increase in incidents, his comments appeared to mark a sharp reversal from the tougher approach taken by the US government last year. At the same conference in 2010, Mr Gates called on China to adhere to
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Google, Sony, Nintendo Hacker Anonymity Stymies Arrests by US Cyber Cops
Bloomberg
Prominent examples include Ukraine, Romania, Russia and China, US officials said. “I can talk to the Ukraine all day and even identify who is responsible, but that doesn’t mean they are going to jail,” said EJ Hilbert, a former FBI cyber investigator
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No property bubble in China, but hotels at risk-US developer
Reuters
By Langi Chiang and Koh Gui Qing BEIJING (Reuters) – China’s exuberant property market will not collapse as prices are supported by brisk economic growth although there could be a bubble in the hotel sector, a US property developer said. even though
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USA 5 : China 1 : Africa 0. It’s Time to Get Our Game On
Huffington Post (blog)
Our cheap cell phones, our stunning diamonds, our superior Gibson guitars, not to mention some oil, are all made possible by the same natural resource base that China is trying to make away with. In fact, US tops Germany and China by about 200 billion
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Sacked PNG Foreign Minister on US China rivalry in the Pacific
Radio Australia
Earlier in the year, United States Secretary of State, Hilary Clinton, warned the US Foreign Relations Committee that the Pacific, and Papua New Guinea in particular, is an arena for growing strategic competition between the US and China.
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China, Russia Could Make U.S. Stealth Tech Obsolete
Wired News
Stealth-killing advances include VHF and UHF radars being developed by Russia and China, and a “passive-detection” system devised by Czech researchers. The latter “uses radar, television, cellular phone and other available signals of opportunity
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VanceInfo Ranked Top China-based Offshore Software Development Vendor for
PR Newswire (press release)
According to the study, IDC calculates that the China-based offshore software development market reached US$3.36 billion in 2010, an increase of 21.6% over 2009. Furthermore, IDC expects this market to grow at an accelerated pace of 24.2% compound
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US oil industry warns China will fill Keystone pipeline vacuum
Globe and Mail
The US oil industry is playing the “China card” in urging the American government to quickly approve TransCanada Corp. TRP-T’s proposed Keystone XL pipeline project, which will deliver oil sands crude to Gulf Coast refineries.
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US: China ends wind power subsidy program
Sacramento Bee
AP WASHINGTON — The US says China has ended certain subsidies to Chinese wind turbine manufacturers after Washington filed a case to the World Trade Organization. The case was filed in December in response to a petition from the United Steelworkers
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Boasting of rising China makes US nervous
Global Times
PO: Could China and the US make substantial progress in the communication of military technology? What is hindering the exchange in this regard? Zhu: Under current circumstances, it is not very likely for the two countries to make substantial process
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GLOBAL MARKETS-World stocks advance, US dollar weighed by China
Reuters Africa
The dollar hit a record low against the Swiss franc and a one-month trough versus the euro after Guan Tao of the State Administration of Foreign Exchange said China must be alert to the risk of holding too many dollars at a time when Washington is
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Ford sales goal: up 50% in just 4 years on Asia, Africa growth
USA Today
Part of VW’s strategy hinges on doubling sales in the US, but a lot of it also is based on growth in the same emerging markets and China that Ford is targeting. One caution for both of these giant’s: Toyota President Akio Toyoda has publicly blamed his
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China Threat 2.0: China Made Me Do It
Business Insider
If the US doesn’t play ball, then folks will just go elsewhere. It makes little difference that Forbes is full of shit here and knows it. Coke is not expanding in China because of anything happening in the US China is a huge market and is growing
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Indo-US deal: Why China helped Pakistan
Economic Times
NEW DELHI: China has ‘grandfathered’ its supply of two more nuclear reactors to Pakistan to an earlier 1986 agreement with Islamabad but a newly released wikileak cable shows that, as late as 2006, Beijing assured US that reports about supplying more
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Asian Stocks Swing Between Gains and Losses on Greek Bonds; Toyota Climbs
Bloomberg
The MSCI Asia Pacific Index last week capped its longest streak of weekly losses since the collapse of Lehman Brothers Holdings Inc. in 2008 as reports showed manufacturing growth from China, the US and Europe slowed in May, adding to signs that
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US will talk about India not China in a decade: BlackRock
Moneycontrol.com
We had double dip fears but the US economy hung in there and we are on a path to grow kind of 2-3% which means we will have some dips below 2% and some strength above 3% from time to time, given the slowdown in China and the importance China plays to
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US’s Geithner: China Move To More Flex FX Good For Global Econ
IMarketnews.com
By Brai Odion-Esene and Ian McKendry WASHINGTON (MNI) – US Treasury Secretary Timothy Geithner Monday stressed yet again that any move by China towards a more flexible exchange rate regime poses no threat, and in fact would be beneficial, to the global
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Tennis Anyone? What Li Na’s Grand Slam Win Tells Us About China
The Nation. (blog)
But before the new Li Na Rolexes and designer swoosh-wear roll off the assembly line and into the eager arms of consumers in the People’s Republic, we should take a moment and see what this actually tells us about twenty-first-century China: the great
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US bull wants help in the China shop
The Australian
The decade’s conundrum is that the US made a series of strategic mistakes but Australia, having gone for each and every ride, has emerged unscathed, trusted by a battered America and made even richer by China. Are our leaders pure genius or just
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India failed to provide information for listing militants as terrorist
DAWN.com
By Idrees Bakhtiar | From the Newspaper One of the cables notes that China did not block the most recent Pakistan-related terrorist nomination made by the US. China has also supported the December 2008 designation of JuD, Hafiz Saeed (pictured above),
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US remains top military spender, institute says
Monsters and Critics.com
SIPRI estimated that the US in 2010 had a 43-per-cent share of world military spending, or 698 billion dollars. China was estimated to account for about 7 per cent of global spending or some 119 billion dollars while France, Britain, and Russia each
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Prestowitz: Kissinger in China: Triumph or disaster?
Foreign Policy
In a sense the opening was as much or more of the United States as of China. The US market was opened to China’s inexpensive, consumer-oriented exports while China’s production centers were opened to off-shored US factories, technologies, and jobs.
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Oprah effect beginning to show in number of US tourists
The Australian
Visitor numbers from China are set to overtake those from the US this year after a 24 per cent increase to 454000. “It’s no secret that Tourism Australia is looking at other big ideas like Oprah, particularly for the fast-growing Asian markets and
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US bracing for digital attacks
Boston Herald
China and Russia are the biggest sources of cyber attacks on the United States, Sharp said, though most of the hits are not considered state sponsored. But both nations are developing strategies to launch cyber attacks in real-world battles.
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Two Connecticut Schools Cut Ties to Chinese-Student Recruiters
Bloomberg
“Because of the economic downturn in the US, a declining enrollment in US high schools and a huge demand in China for a US education, our business has been very well received and done very well, growing in leaps and bounds.” “We have had our ‘bumps in
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CANADA FX DEBT-C$ rises against broadly weaker greenback
Reuters
TORONTO, June 7 (Reuters) – Canada’s dollar rose against a broadly weaker US dollar on Tuesday as after bearish comments out of China on US assets and improved market sentiment on Greece helped put a floor under commodity prices. The US currency hit a
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East Asian economies booming as US engine losing steam
World Tribune
But while the USA and much of Europe continues to feel the undertow of recession, large economies in Brazil, China, India nonetheless continue to grow. “After a year of fragile and uneven recovery, global economic growth started to decelerate on a
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As China Invests, Many Kazakhs Say: Not Too Fast
NPR
Immediately, he says, China’s alarm bells went off. China worried that the United States and Russia were becoming “very big friends” who were determined to beat terrorism in Central Asia. Like Russia and the US, China is deeply concerned about
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US and China on collision course in Asia
Radio Australia
Outgoing US Defence Secretary Robert Gates delivered a valedictory speech promising that America won’t be pulling back from its pre-emminent position in Asia. The American position seems to put it on a collision course with Beijing, with China’s
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China Shorts Under Fire as Chinese Companies Sue Anonymous ‘Alfred Little’
Bloomberg
The cases are the most significant efforts by Chinese companies that trade on US exchanges to fight back against bloggers and short sellers who have questioned their accounting practices. “There’s no question there is some fraud in China,
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US Influence on Global Economy ‘Overwhelming’: Investor
CNBC.com
Looking at the recent slowdown in the US economy it would be easy to conclude that policy decisions made in Beijing aimed at cooling the Chinese economy are impacting America a few months later. “Given that the developing world and China especially
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Sina to launch English microblog by year-end
Reuters
Technology blog TechWeb reported on Monday that Sina was going to launch an English microblog in the United States in a few months to rival Twitter. Access to Twitter from within China is blocked by the Chinese government. Sina’s spokesman Liu Qi said
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US, Chinese, EU firms push cloud standards
Computerworld
Overseas companies with seats on the alliance’s steering committee include China Life, a Beijing-based insurance company, and China Unicom, a government owned telecommunications company. The alliance was formed last year to work on standards for cloud
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Ford Predicts 50% Gain in Global Sales by 2015 on Asia, Small Cars Demand
Bloomberg
Ford still gets most of its sales and profits from the US and Europe. It had 2.4 percent share of the passenger- vehicle market in China, the world’s largest auto market, JD Power & Associates said in April. GM’s share was 10 percent.
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China Inflation: The Canary In the Coalmine
Forbes
China’s inflation problem is transitory and will not interrupt China’s growth. But it is a canary in the coal mine that should warn us of a serious, long-term, inflation problem building up in the US China’s most recent inflation figure, 5.3%,
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US welcomes Ban Ki-moon’s bid for second term
Xinhua
France and China have expressed their support for Ban’s bid for another term, who said on Monday that “with the support of the (UN) member states, I will be deeply honored to serve once more.” Toner described Ban as an individual with whom the US has
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China Maintains Firm Grasp Over Rare Earth Markets
Seeking Alpha
While China has been busy stockpiling its rare earths, the rest of the world has been left scrambling to secure the rare earths that they need for their industries and military applications. The US has been making progress moving forward to develop
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USMEF Report: China’s new meat labeling requirements problematic, costly
CattleNetwork.com
Lively emphasizes that these new requirements are not a surprise – USMEF has been working with trade officials from the US and China for several months in an attempt to reach a reasonable compromise. But at least to date, these efforts have not met
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Shorts Pounce on China’s Harbin Electric Buyout With 75% Payout: Real M&A
Bloomberg
While Abax Global Capital is betting it can profit from Harbin Electric, Chinese companies are facing scrutiny in the US after Rino International Corp. (RINO) said its financial statements weren’t reliable and China MediaExpress Holdings Inc. (CCME)’s
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