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U.S. China News 2011.06.17

Fri, June 17, 2011

Sudan: US Gives Its Blessings to Bashir’s China Visit
AllAfrica.com
Chinese companies are major investors in Sudan’s oil, and China is Khartoum’s top arms supplier, something long criticized by human rights activists and Western governments, especially because of the conflict in Darfur. The United States urged China to
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EU Says U.S., China Not Offering Enough to Allow Kyoto Extension
Bloomberg
By Ben Sills and Catherine Airlie – Fri Jun 17 13:17:13 GMT 2011 The European Union said industrial nations including the US and China are not offering enough measures to reduce emissions, preventing the EU extending its own carbon commitments under
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US Navy in South China Sea exercise with ASEAN
UPI.com
Tankers are second only to pipelines in terms of efficiency and the efficiency of large volume transport means that importing oil by tanker adds only 2-3 US cents per gallon to cost. Virtually all VLCCs carrying crude oil to China pass through
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Motorola Launches Milestone 3 in China, US Awaits Droid 3
Gotta Be Mobile
Motorola has launched the Milestone 3, known to those in the United States as the Motorola Droid 3, in China which means that a release in the US should be right around the corner. The new Droid, as expected, is thinner and faster than its predecessor
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US warns China software risk to public infrastructure
ZDNet Asia
Response Team cautioned organizations against products from Beijing-based Sunway ForceControl Technology, which are said to be widely used in China to run infrastructure systems and to a lesser extent in other countries including the United States.
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China ups holdings of US debt in April
China Daily
China’s purchases of US debt rose $7.6 billion to $1.15 trillion – the first month-on-month increase since its holdings reached $1.18 trillion in October, according to the Treasury International Capital report, known as TIC. China boosted its holdings
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US Money Printing to Benefit China Stocks: Fund Manager
CNBC.com
“We must follow the politics, we must follow the money flows, and that’s why I believe Greater China is looking extremely attractive judging by historical valuations.” Liu told CNBC the firm had made 3000 points on the Hang Seng by going short,
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Goldman’s O’Neill likes Russia, China, banks
Reuters
China and Russia are both looking quite interesting because they are cheap,” he said. “Contrary to the email I get every two hours about why I should drop the R from BRIC, I quite like Russia.” Anxiety about a US slowdown and inflation in China have
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China’s critics doing US bidding: AGO
New Zimbabwe.com
But Mutambara urgend MPs to focus on the bigger picture, saying even the United States and European countries had understood that “without China, they cannot survive”. He added: “As long as you are clever as a nation, you should be able to extract and
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Conducting Cyber Warfare on the US Is Not a Priority for China
The Atlantic
The piece sounds the alarm on China’s cyber assault on America: In 2009, this newspaper reported that the control systems for the US electric power grid had been hacked and secret openings created so that the attacker could get back in with ease.
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China boosts US Treasury holdings
英文中國郵報
WASHINGTON — China, the biggest buyer of US Treasury debt, boosted its holdings in April, the first increase after five straight declines. The US Treasury Department said Wednesday that China increased its holdings by US$7.6 billion to US$1.15
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Sands China Ltd. Announces US$3.5 Billion Refinancing
MarketWatch (press release)
Proceeds from the new senior secured credit facilities coupled with cash on hand will be used to retire the outstanding balances and commitments on Sands China’s existing US$2.7 billion Venetian Macau Credit Facility and its US$1.75 billion Venetian
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Harbin says short-seller report “factually incorrect”
Reuters
about a $400 million credit agreement between Harbin’s CEO, Tianfu Yang, and China Development Bank to finance the bid for Harbin. The report triggered a sell-off in Harbin’s US-listed shares, causing them to fall 51 percent in record high volume.
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Chinese officials stole $120 billion, fled mainly to US
BBC News
Thousands of corrupt Chinese government officials have stolen more than $120bn (£74bn) and fled overseas, mainly to the US, according to a report released by China’s central bank. Between 16000 and 18000 officials and employees of state-owned companies
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Manila activists hit China’s arrogance, but big worry come from US
allvoices
“Well China deserves all the criticisms for acting like a political bully but what should worry us more is the creeping US military aggression in the region courtesy of the ongoing territorial fiasco, which China, the Philippines and five other
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Made in USA: Overseas jobs come home
CNN
That makes producing goods in China not nearly as cheap as it used to be. For many manufacturers, that narrowing is enough to tip the balance back to US plants. “I think for many goods, people will say, ‘I don’t want to offshore to China because the
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Huawei rejects US Eximbank chief’s claim of China aid
Taipei Times
He used Huawei as an example of what he described as a changed global environment for US exporters in which China and other emerging economies are directing capital flows toward favored sectors in an attempt to grab market share.
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Wife says China activist beaten unconscious – US group
Reuters Africa
Now the group, which is based in Texas and campaigns against China’s restrictions on religion, has released a copy of what it said was Yuan’s description of what happened after that video was released abroad. “Me and my husband Chen Guangcheng again
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US lawmakers plan TRA enhancement
Taipei Times
Tucker said that the US Congress should be much more active in ensuring that the terms of the TRA are carried out, especially as they refer to Taiwan’s defense. “There is nothing inevitable about unification of Taiwan with China or about sustaining
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URGENT Rule of law index finds faults in China, Russia, US
Sin Chew Jit Poh
WASHINGTON, June 16, 2011 (AFP) – An annual survey of the rule of law around the world released Monday sees weak protections for fundamental rights in China, “serious deficiencies” in Russia, and problems with discrimination in the United States.
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Love (and money) will keep us together, or so the song goes
Sydney Morning Herald
Essentially, the argument goes that, as a nation, we are no longer reliant on the US and its economy and that our future lies with China and the south-east Asian region. You know that old adage, if the US sneezes, we catch a cold.
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How’s that again?
Inquirer.net
I ASSURE you, in all subjects, we the United States, are with the Philippines. The Philippines and the US are strategic treaty allies. We are partners. We will continue to consult and work with each other on issues, including the South China Sea and
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China versus USA: promoting trade with Africa
The AFRICAN BULLETIN (blog)
It took only few days to China to respond to the recent comments made by Hillary Clinton, US Secretary of State, who was visiting Zambia, when she said: “We do not want to see new colonialism in Africa”. Although she did not mention china but it was a
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US Wants China to Lean on Sudan as Violence Spreads
KGO-AM
ROBERTO SCHMIDT/AFP/Getty Images(WASHINGTON) — When Sudanese President Omar al-Bashir visits China later this month, the US wants Beijing to use its considerable influence to push him to abide by the terms of a 2005 peace deal with South Sudan,
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China cites “vital” self-interests in EU debt fix
Reuters
“Whether the European economy can recover and whether some European economies can overcome their hardships and escape crisis, is vitally important for us,” Fu said. “China has consistently been quite concerned with the state of the European economy,”
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Billionaire Cisneros to Team With China Banks in Latin America
Bloomberg
China accounts for 9 percent of foreign direct investment in Latin America, trailing only the US and Holland, according to the United Nations’ Economic Commission for Latin America and the Caribbean. Cisneros also is operating in the world’s
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CA Chinatown listed as endangered historic place
Seattle Post Intelligencer
She hopes to attract a Chinese calligraphy class, tai chi or another activity, and to travel around the US to gather oral histories from former China Alley residents. Wing, who is a chef by profession, also hopes to reopen a restaurant in the same
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NFL teacher, budget, election rules, China vs. US, loans
SignOnSanDiego.com
Our history is as ugly as China’s. Examples: the genocide and marginalization of the native populace; employing (and harboring) Nazi war criminal Klaus Barbie; creating a foreign policy for Central America that included destroying any democracy that
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Russia-China Joint Statement Discloses Opposition to US Policy
Arutz Sheva
The joint statement is replete with the usual platitudes but the major thrust of the statement is that the two powers still have an interest in cutting the United States down to size while appearing statesmanlike. China sided with Russia’s objection to
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China Wants to Make Its News in the USA
NewsMax.com
By Mike Tighe China wants some of its news to be Made in the USA, which could bring 300 jobs to Denver. That’s the top topic in the Mile-High City after six officials of China’s state-run news agency visited to see whether the Silver State provides a
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‘Can’t let China harm us
Times Now.tv
Former Water resources Minister, Saifuddin Soz spoke to TIMES NOW on Friday (June 17) and said the diversion of the Brahmaputra is serious and China can’t be allowed to harm India. TIMES NOW also spoke to Assam CM Tarun Gogoi who said that the Centre
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Investment in young athletes paying off for China
China Daily
The People’s Republic of China’s debut in the Olympics Games was in 1984, when it won a gold medal. In less than 20 years of participating the Olympic Games, China has made amazing progress and overtook the US and Russia at top of the gold medal table
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Ford Asia chief says small cars on way to China, India
Reuters
Ford expects the growth rate for auto sales in China and India to be about 13 percent from 2010 to 2020. He said Ford in India will nearly triple its dealer network to 340 by 2016. In the United States, he said, there are about 3000 dealers for a
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Analysis: Latam gets grip on inflation, Asia giants struggle
Reuters
Much of developing Asia paints a similar picture to Brazil and the other Latin American countries where inflation pressures are easing. China and India, however, are having a harder time. Data this week showed inflation sped up in both countries,
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Vietnam, US take symbolic step in Agent Orange clean-up
Ha’aretz
Last year, as chair of ASEAN, Vietnam put the maritime dispute front and centre at ASEAN’s annual foreign ministers’ meeting, which included China, the United States and other regional powers. “They feel that this game is not over yet,” said Li.
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Buffett lunch fetches record price
China Daily
“Whether from the US or China, a successful investor would want to seek guidance from and talk to the legendary investor about the problems they face,” Xu says. Xu says he admires Buffett for making value choices in his investments.
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China raises flood alert to top level, 555000 evacuated
Reuters
“For us now, we will be worried if we leave our homes. That’s why we are still staying here. Yesterday, the water level was receding slowly so we came back to clean up our house,” said 49-year-old Jie Jingping. Jie is staying put in her flooded home
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The War Over Chinese Stocks in North America
BusinessWeek
Concerns about accounting have also affected Chinese companies that listed in the US through initial public offerings. The SEC has revoked the registrations of at least eight China-based companies since December, and more than 24 companies have
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Ron Paul to seek an independent audit and assay of Fort Knox and US gold reserve
Examiner.com
As China continues to accumulate gold in large quantitites, and the price of the metal reaches record levels against most world currencies, particularly the Euro, Congressman Ron Paul is making a pitch to challenge the Treasury Department once again to
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Greenspan: China’s Currency Manipulation Hurting Its Economy
Wall Street Journal
By Tom Barkley Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)–Alan Greenspan, former chairman of the Federal Reserve, said Friday that China’s efforts to manipulate its currency to maximize exports and jobs is hurting its economy. Challenging US Trade
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European and US Markets Tumble on Greek Debt Worries
FXstreet.com
by Bradley Welcher – Binary Option Strategy | View company’s profile China’s surprise hike in reserve requirements sent China’s markets lower, as the Shanghai Composite fell .9% and the Hang Seng slid .7%. Korea’s Kospi gained .5%, and in Japan,
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U.S. Manufacturing in 2009: 14% More Than Second Ranked China
Seeking Alpha
In 2009, the US produced $2.33 trillion of manufacturing output including mining and utilities, according to data from the United Nations. The US ranked #1 in the world for manufacturing, and produced 14% more than second-ranked China ($2.04 trillion)
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