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U.S. China News 2011.06.13

Mon, June 13, 2011

Nouriel Roubini: Trouble Ahead in China (And Europe, And The US, And…)
Wall Street Journal (blog)
“A ‘perfect storm’ of fiscal woes in the US, a slowdown in China, European debt restructuring and stagnation in Japan may converge on the global economy, Mr. Roubini said. He adds that there’s a ‘one-in-three chance the factors will combine to stunt
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EMERGING MARKETS-Latam stocks mixed, await China, U.S. data
Reuters
Instead, he said, investors will look to data due from China on Tuesday, including inflation. If that number comes high, the Chinese government could tighten policy further. Because China is a major consumer of Latin American commodities,
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No guarantee US will aid PH vs China: Zubiri
ABS CBN News
Let’s use diplomatic channels to control tense relationship with China. We should not exaggerate situation more,” he said. The lawmaker said the government cannot be too sure of the support of the US as an ally. “Problema kasi di po natin alam kung
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WEF Participants Voice Concern Over Future ChinaUS Ties
Bernama
JAKARTA, June 13 (Bernama) — China’s role in the context of regional economic growth and concerns over the possibility of tension in future USChina relations have become a focus of the World Economic Forum (WEF) on East Asia here.
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USChina Wind Power Spat
Renewable Energy Focus USA
The US and China could fall out over China’s domestic wind turbine market as the US files a complaint with the WTO due to frustrations with Chinese subsidies and non-transparency. Last December, the US filed a World Trade Organization (WTO) complaint
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Turbulent Waters in the South China Sea
Wall Street Journal
By MICHAEL AUSLIN If China were a US congressman, it would be Tweeting threatening pictures of its biceps to its rivals. Beijing recently warned Vietnam and the Philippines not to explore for oil in disputed waters that China claims, and late last
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MPAA’s Chris Dodd Presses China to Open Film Market
Hollywood Reporter
It was with quiet frustration that the MPAA and the US Trade Representative watched as a March 19 World Trade Organization deadline for China to open its market to greater foreign participation in film distribution came and went with little more than
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China Encourages US To Ramp Up Defense Spending
Huffington Post
All the Chinese need do is stand by and let obama finish the US off. AlQaeda has already just about accomplished this feat. imusintheevening: China? AlQaeda has already just about accomplished this feat.
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China confess-a-kickback websites draw inspiration from India
Reuters
“Stop seeking improper gains and promote equal competition, and return to us the dream of a fair China,” says the Chinese-language front-page of the “I Made a Bribe” website. “Please reveal your experiences of paying bribes so embezzlement and
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China Direct Industries Provides Third Quarter Fiscal 2011 Magnesium Segment
PR Newswire (press release)
We remain committed to our consolidation plan and believe these potential acquisitions will make us one of the world leaders in the production and distribution of pure magnesium.” China Direct Industries, Inc. (NASDAQ: CDII), is a US owned holding
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BBC Monitoring quotes from China, Taiwan press 13 Jun 11
American Chronicle
From the US, the EU and Russia to China and India, none of the powers are likely to forfeit their interests in the region. But none of them can play the dominant role, either. The SCO can offer all of them a platform for dialogue, which could be the
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U.S. Commodities Day Ahead: Nickel Plunging Into Bear Market
Bloomberg
Oil declined for a second day in New York before reports that may show slowing economic growth in the US and China, curbing fuel demand in the world’s two largest crude consumers. The number of banks jostling for deals in Hong Kong’s dim sum debt
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Why Invest in US Commercial Property? What About Europe, China?
Minyanville.com
By Charles Cecil Jun 13, 2011 8:00 am No individual who is a global portfolio manager of capital would seriously consider moving capital out of United States treasuries to China (or India or Brazil). Here’s why. The euro suffers from country economic
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Chinese investors shrug off US accounting scandal fallout
Reuters
have not even heard about the saga over fake numbers among some Chinese firms that has shaken US investors and stunned regulators there. Even those who have read about the news in scattered media reports were more interested in China’s monetary
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China’s vice president visits Chile to promote bilateral relations
People’s Daily Online
China has been Chile’s largest export market and trade partner since 2008. The trade value between China and Chile reached 26 billion US dollars in 2010, an increase of 45 percent from a year earlier. Of them, the value of export from Chile to China
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Obama Making Sales Pitch in North Carolina
Fox News
But the company’s growth seems mostly to be happening in China, where more than 50 percent of the company’s workforce now resides. Republicans say Cree took money borrowed from China at the expense of American taxpayers to subsidize Chinese jobs.
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Pakistan-China all-weather friendship
The News International
The recent visit of Prime Minister Yusuf Raza Gilani to China has been viewed with great anticipation, taking place in the backdrop of the unilateral operation conducted by the US forces on Pakistan’s soil to kill Osama Bin Laden coupled with US
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The9 Limited Announces US$25 Million Share Repurchase Program
PR Newswire (press release)
SHANGHAI, June 13, 2011 /PRNewswire-Asia-FirstCall/ — The9 Limited (NASDAQ: NCTY) (“The9”), an online game developer and operator in China, today announced that its Board of Directors has approved a share repurchase program to purchase up to US$25
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Gold, silver fall on China fears
MSN Money
Prices slide despite a weaker US dollar as China’s unexpected lending slowdown rattles commodities markets. By TheStreet Staff on Mon, Jun 13, 2011 11:48 AM By Alix Steel, TheStreet Gold (-GC) for August delivery was down $2.40 to $1526.80 an ounce at
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China rejects Clinton’s ‘new colonialism’ rantings in Zambia
Zambian Watchdog
Chinese analysts have dismissed a statement by US Secretary of State Hillary Clinton that warned Africa to be wary of “new colonialism” as China expands its ties in the continent, saying that trade and economic cooperation between China and African
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Global greed drives stolen relics market
China Daily
“Stolen mainland cultural relics are often first smuggled to Hong Kong and Macao, then transported to Taiwan, Canada, the US and some European countries for selling,” he told China Daily. Cultural relics can command rocketing prices on both the
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More Chinese flock to US schools but at steep price
China Daily
By Wang Jun (China Daily) NEW YORK – Dennis Wang and Herman Qiao, both 18, are absolutely sick of being in the United States. “We don’t want to spend a single day more than necessary in the US,” said Wang, who speaks with a bit of tediousness in his
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QING YUN LIN v. U.S. ATTORNEY GENERAL
Leagle.com
Lin, a native and citizen of China, entered the United States without valid entry documents in March 2005, and the Department of Homeland Security issued a notice to appear, charging her as removable under 8 USC § 1182(a)(7)(A)(i)(I).
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China Plays Reagan to Our Gorbachev
American Spectator
But Laffer never threatened to stop lending to America if we made arms sales to Taiwan, as China did as recently as 2009. Last week an adviser to the People’s Bank of China warned against a default on US debt, and said that Republicans were “playing
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Quotes from Reuters Energy and Climate Summit
Reuters
ON CHINA: “China was not a competitor that Exxon ever had to worry about. Today they do.” ON MIDDLE EAST: “As those regimes change — Egypt, Libya, Yemen, Syria — we don’t know the motives, objectives of new regimes… That to me leaves a lot of
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World Production Increases as US Supplies Shrink
Farm Chemicals International
US corn exports are declining as larger foreign supplies become available. Foreign corn production is projected up 25.5 million tons with the greatest growth expected in Argentina, China, Russia, Mexico and the Ukraine, according to the report.
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QIAO ER LIAN v. ATTORNEY GENERAL OF U.S.
Leagle.com
Qiao Er Lian, a native and citizen of China, petitions for review of an order of the Board of Immigration Appeals (“BIA”) that dismissed his appeal from an Immigration Judge’s (“IJ”) final removal order. We will deny the petition for review.
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Analysis: Who might be behind attempted IMF data hacking?
Reuters
Larry Wortzel, a commissioner on the congressionally created USChina Economic and Security Review Commission, said he suspected Chinese authorities had sought to pierce IMF networks to get inside information before meetings in Beijing last week with
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US a bit player in South Asia terror war? Analysis: Nathaniel Sheppard Jr.
Al-Arabiya
They may be willing to forego the large sums of US aid US military presence in the region to create an appearance that they have manned up and taken charge of their destinies. They just might be able to pull it off with the help of China,
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US Economy Stalls
Huffington Post
High demand in developing countries like China and Brazil, and manufacturing companies flush with cash, will provide the growth we need for a fall pick-up. But I am skeptical. This recovery is mired down by structural burdens of a housing depression,
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Prada to raise up to US$3b in Hong Kong IPO
Channel News Asia
Looking ahead, Prada plans to open about 80 outlets annually, out of which as many as 12 will be in China and about 25 spread over the rest of Asia. China is currently the world’s fastest-growing market for luxury goods.
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European holiday promises quiet day
FX-MM
Most of the main European markets, including Germany, France, Switzerland and Spain are closed today, so expect light trading until the US opens around lunch time. First up, data from China this morning showed the supply of new loans in May well below
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U.S. Stock-Index Futures Little Changed; Transatlantic Gains, Bemis Drops
Bloomberg
Photographer: Jin Lee/Bloomberg New York University professor Nouriel Roubini warned in an interview that a “perfect storm” of fiscal woe in the US, a slowdown in China, European debt restructuring and stagnation in Japan may converge on the global
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Prospects of LNG Exports From the United States to Japan
Energy Tribune
Fifth, risk to potential US export of LNG may arise from concerns over the environmental impact of frac jobs, over-supply of LNG, potential carbon tax imposition, wide-scale shale gas discovery in China (and Europe) and de-linkage from JCC indexation.
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Stewart Cowley: China key to Europe, not the Greek smokescreen
Citywire.co.uk
Just as in the pre-2007 housing/credit economy all arguments led to the US, now all arguments will lead to China, no matter where you start (even from my wife’s handbag). In the case of European Monetary Union, its integrity relies on its exporting
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How a Chinese story gets told in an int’l way
China.org.cn
She said at a press conference in Shanghai, “We got director Wayne Wang, who is very famous in both China and the US; we got screenwriter Ron Bass, who has won an Oscar; we got music composer Rachel Portman, another Oscar winner.
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Sir Harold Evans Appointed Reuters Editor-at-Large
Reuters (press release)
The first event will focus on China and bring together former US Ambassador to China, Jon Huntsman and former US Secretary of State, Henry Kissinger at the company’s headquarters in New York. The event will be broadcast live on Reuters.com.
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Formal Collaboration on Enterprise Health Management in China Announced by
PR Newswire (press release)
IHPM’s and Ciming’s collaborative efforts will be made under the aegis of dual organizations located in the United States and China. The ChinaUS Institute for Health Security & Human Resource Productivity (CUSI) will be located in the “Cloud” Health
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Research and Markets: Beauty Attitudes and Beliefs in the US, UK and China
Gamut News (press release)
Jun. 13, 2011 (Business Wire) — Research and Markets (http://www.researchandmarkets.com/research/09ab18/beauty_attitudes_a) has announced the addition of the “Beauty Attitudes and Beliefs in the US, UK and China” report to their offering.
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US Navy Needs Diesel Submarines
American Enterprise Institute
It is useful to remember that Russia and China have successfully incorporated both diesel and nuclear submarines into their force structure. Of course, the US Navy has been dead set against building anything but nuclear-powered submarines for a
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U.S. Utility Survey Respondents Believe Energy Prices Will Rise Significantly
Business Wire (press release)
Specifically, respondents believe US solar, nuclear and wind industries are at some risk of losing their competitive positions. More than 80 percent of respondents believe China is the greatest threat to the United States‘ overall energy
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