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U.S. China News 2011.06.22

Thu, June 23, 2011

Pakistan courts China as relations with U.S. grow strained
Washington Post
By Griff Witte, ABBOTTABAD, Pakistan — In this city where US Navy SEALs touched down long enough last month to kill Osama bin Laden and to ignite a national furor, residents are courting another foreign invasion. They want China, the emerging
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US fines China Airlines $80000 over advertising
BusinessWeek
The US government said Tuesday it fined China Airlines $80000 for violating airfare-advertising rules on its website. Half of the civil penalty will be waived if the airline obeys the rules for a year, according to the US Transportation Department.
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US, China, Taiwan and a bitter irony
Canada Free Press
Today, in one of history’s great ironies, the United States is economically vulnerable, and Communist China appears to be the next world-dominating power. The precarious state of 23 million people living on the island of Taiwan makes visible and
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US denies endorsing Sudanese president’s China visit
Sudan Tribune
June 21, 2011 (WASHINGTON) – The United States on Tuesday denied that it has approved of a visit by the Sudanese president Omer Hassan al-Bashir to China despite an outstanding warrant of arrest against him by the International Criminal Court (ICC).
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China Is Apple’s Second-Biggest Apps Market After US, Free Apps Reign
paidContent.org
A report out today notes that China is Apple’s second-largest apps market after the US But developers looking to target the booming region of Asia need to take note: free apps are much bigger than paid, which means they will need to look elsewhere to
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‘About Jon’
Boston Herald (blog)
On the heels of his presidential announcement, former Utah governor and US ambassador to China Jon Huntsman has released a multitude of videos on his Vimeo channel, already competing with President Obama’s own video-packed (less hip) YouTube channel.
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Does the US need China? [Most Commented]
Los Angeles Times
This would significantly reduce the overall trade deficit, he writes, as the US owes China more than $1 trillion, while China holds more than $3 trillion in foreign reserves. Further, he points out that China doesn’t just use cheap labor;
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China to replace US as the next super power!
Siliconindia.com
By SiliconIndia, Wednesday, 22 June 2011, 05:27 Hrs Bangalore: The robustness of the US economy has become a figure of concern for the Asian powers like China and India. The all time raising debt of the US and they crossing the debt limit is bringing
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Defence review to boost US role in region
The Australian
The “force posture review” announced by Defence Minister Stephen Smith will be closely linked to the US global review, which is focused on the military power of China. The combined reviews are likely to lead to an increased US military presence in the
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China’s currency of opportunity
Washington Post
By Robert J. Samuelson, The United States and China have a wonderful opportunity to do a deal over the ever-contentious issue of China’s undervalued currency — but will probably blow it. For years, American presidents and congressional leaders have
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Ghosn To China: Give Us Your Rules, And We’ll Give You Our EV
Truth About Cars (blog)
By Bertel Schmitt on June 22, 2011 Nearly two months ago, American senators complained that China is continuing its “long history of breaking international trade rules” and that there is a “trade barrier that is designed to prevent US automakers from
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Starwood to open 7 Sheraton hotels in China
Forbes
China is Starwood’s fastest-growing market and its largest outside the US The company said earlier this month that it has more than 70 hotels in China with plans for 90 more. It looks to have 100 hotels there by the end of next year.
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US consul-general in HK must respect the facts
China Daily
This is also consistent with the interests of the US. Young’s attempt to use Hong Kong as his political platform for interfering with China’s internal affairs will undermine ChinaUS relations, which, I believe, is not what the US wants.
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US, Japan call for strong Asia-Pacific defense
Taipei Times
On China, the statement said the US and Japan encouraged Beijing’s responsible and constructive role in regional stability and prosperity, cooperation on global issues and its adherence to international norms of behavior. It also reiterated the need
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Campaign ad may boost Amodei but alienate the Chinese
Las Vegas Sun
Liberal news sites slammed the ad as racist and misguided — China owns just 9.5 percent of US debt, one liberal commentator noted. (Although it may be a small share, it’s growing and no other single foreign nation approaches China’s share of American
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METALS-Copper ends lower; US Fed see slower recovery pace
Reuters
<0#MPBSTX-LOC> Traders and analysts said that a crackdown on lead smelters in China may be fanning demand for high grade material. However, there was also talk the shipment may simply be moving to another warehouse. “For lead I believe it to be a
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China: Artist Ai Weiwei released after confessing
Salon
By MARTIN CRUTSINGER, Associated Press China, the biggest buyer of US Treasury debt, boosted its holdings in April, the first increase after five straight declines. The Treasury Department said Wednesday that China increased its holdings by $7.6
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Why India, China, and the US Will Have the Devil to Pay in 2012
Minyanville.com
By Ram Seshadri Jun 22, 2011 9:45 am Instead of focusing your energies on shorting US stocks, figure out how you can make money when Indian and Chinese real estate and credit markets collapse in 2012. As a young man growing up in India,
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High-Speed Rail Poised to Transform China
New York Times
But often overlooked amid all the controversy are the very real economic benefits that the world’s most advanced fast-rail system is bringing to China, and the competitive challenges it poses for the United States and Europe.
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Vietnam’s Dr Strangelove at war with the Mandarins
Asia Times Online
The general situation has dramatically changed in the past couple of months since the Philippines decided to challenge China’s role at sea. The Philippines is a former American colony, still close to the US heart. And, unlike us, its people are not
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Mont. gov says state exports to China will grow
Forbes
Schweitzer said there will be a big demand for Montana beef exports to that country once US officials can sort out a trade agreement covering that product. And he said exports of copper, other metals, and wheat will continue to grow as China continues
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Grosvenor to develop China homes
Reuters
Of Grosvenor’s other businesses, Preston said there were a number of funds at various stages of development — from concept to marketing — including European retail, US residential multi-family, London offices, mixed office and retail “recovery” in
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Hong Kong’s Li Says Exchange Will Avoid Worst China Accounting
BusinessWeek
That compares with a 27 percent plunge by Chinese companies that went public through US reverse mergers, in which a closely held company buys a publicly traded shell and retains the US listing. While bearish bets on the MSCI China have climbed to a
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“Ignore US Senator John McCain”, Filipino leftists tell ASEAN heads of state
allvoices
The Pamalakaya official issued the statement in reaction to McCain proposal for the US government to expand military and political support to Southeast Asian nations to counter China in the increasingly volatile South China Sea.
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FACTBOX-Why Chinese stocks are halted for so long in US
Reuters
As of Wednesday, US exchange operators NYSE Euronext (NYX.N) and Nasdaq OMX Group (NDAQ.O) had halted trading about a dozen companies, including six “pending receipt of additional information.” The six include probiotics maker China-Biotics Inc (CHBT.
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Double Choke Point: Demand for Energy Tests Water Supply and Economic
Circle of Blue WaterNews
Both zones also occur in some of the driest regions in China and the US And both zones reflect national priorities on fossil fuel production that are causing prodigious damage to the environment and putting enormous upward pressure on energy prices and
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Analysis: “Lulismo” appeals in Latin America but hard to copy
Reuters
The former union boss established an enviable electoral formula by making deep inroads into poverty in his eight years in power while pleasing Wall St. bankers and elevating Brazil into the league of emerging market powers like China and India.
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China Economic News in Brief: Sino-US oil JV; Fujian trade; Foxconn projects
People’s Daily Online
Shaanxi Yanchang Petroleum Group based in Yan’an of northwest China’s Shaanxi Province has teamed up with the US oil company, KER, according to company sources. The joint venture they launched in the provincial capital of Xi’an will be engaged in
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US-Listed China Firms are Ruining China’s Reputation (Huanqiu, People’s
The Moderate Voice
Given what we’re used to from China’s state-controlled media, this article about the behavior of Chinese firms listed on US stock exchanges stands out for being remarkably frank about the misbehavior of China’s corporations. Are law-breaking Chinese
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The Changing Face Of Chinese IPOs
Forbes (blog)
By STEVE SCHAEFER Last year, the high-flying debuts of companies like E-Commerce China Dangdang and Youku.com on US exchanges were a signal of how hot the market for Chinese stocks had become. The ability to differentiate between the really strong
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What are rare earth metals?
Mother Nature Network
China has been the main exception since the early 1990s, dominating global trade with its willingness to intensively mine rare earths — and to deal with their acidic, radioactive byproducts. That’s why the US, despite large deposits of its own,
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Energy Fact of the Week: China’s Energy Skyrockets
The American (blog)
By Steven F. Hayward BP issued its 2011 Statistical Review of World Energy two weeks ago, and it confirmed what everyone else has been saying: China has passed the United States as the world’s top energy consumer. The Economist’s “Schumpeter” blog
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First Thoughts: Declaring success
msnbc.com
Yet he was unable to answer why his family’s Huntsman Corporation employs more in China and India than it does in the US… Pawlenty goes on the air in Iowa, meaning he’s all-in for the Ames Straw Poll… Our anti-CW on Iowa and New Hampshire…
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Mercedes-Benz tilts towards the East
Fortune
FORTUNE — For General Motors, the change came last year — China passed the US as the automaker’s single largest market. For Mercedes, that time is fast approaching — and when it does, it will be far more consequential. As a full-line producer,
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Pakistan’s risky China card
The Japan Times
Pakistan opened the door to resumption of ties between China and the US by permitting Henry Kissinger’s secret flight to Beijing in 1971. More dangerously, China also effectively masterminded Pakistan’s acquisition of nuclear weapons by giving it 50
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More clothing makers are producing in the U.S. again, finding the investment
Kansas City Star
I know the issues are complex, but with national unemployment numbers rising to 9.1 percent in May, paying a little bit more for a shirt that’s made in America – or better yet, Los Angeles – versus one manufactured in China could make economic sense.
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Gere Criticizes China Over Abuse in Tibet
ABC News
AP US actor Richard Gere speaks to the media… View Full Caption Gere said Wednesday at the Seoul Arts Center that it’s impossible to look at the photographs and not feel Tibet’s suffering. He said China’s government is torturing and killing people in
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Exclusive: A US fix sought for long Chinese stock halts
Reuters
By Jonathan Spicer NEW YORK (Reuters) – The US securities industry and its regulators are trying to fix the problems caused by lengthy trading halts of US-listed Chinese companies that have been suspected of accounting fraud. With the number of Chinese
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2011 EB-5 Investment Summit: Dealmakers Conference Announced in Boston
Benzinga
Artisan Business Group, Inc. specializes in ChinaUS investment consulting and advisory services. To be successful in the Chinese and Asian capital markets, American businesses must combine proper analysis and solid communication with their foreign
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China may facilitate Libyan peacemaking to protect investments – Russian paper
American Chronicle
At that time, US President Barack Obama and French President Nicolas Sarkozy asked Russian President Dmitriy Medvedev to aid in the regulation of the conflict that had reached an impasse, because Moscow had retained relations both with Tripoli,
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Japan, US can’t manage to shake Futenma headache
The Japan Times
While the Futenma matter has hit another impasse, analysts say the alliance between Japan and the US will remain strong in the face of regional security challenges, including China’s increasing military presence in the area and North Korea’s nuclear
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AIR SHOW: Demand For Helicopters In China Ready For Take Off
Wall Street Journal
“They are extremely shy; they don’t even allow us to make announcements from an undisclosed customer,” Bertling said, adding: “But I can assure you that there are major players in China preparing themselves for the opening of the sky.
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“Economics of 9%,” Does the stock market know? US is an “uneasy factor,” China
Korea IT Times (press release)
However, food & beverage account for some 40% of the CPI and real estate takes up 10% in China. Considering this, commodity prices felt by Chinese people are actually much higher than those in Korea and the US China raises key interest rate by 0.5%p
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President lays out cyberwar guidelines, report says
CNET
Though Google was able to foil the plot, the company said that the attacks originated from Jinan, China, a known home to a Chinese government intelligence division. With each attack on the US, China has said that its government was not involved.
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