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U.S. China News 2011.06.23

Thu, June 23, 2011

US Navy says no S.China Sea link to Vietnam visit
AFP
HANOI — Vietnam and the United States are to hold joint naval activities next month but they were long-planned and are unconnected to regional tensions in the South China Sea, the US Navy said Thursday. The event in the central Vietnamese city of
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The Philippines and Japan want US help in dealing with China’s aggression
Washington Post (blog)
The foreign secretary said that the United States should be as concerned as Asian nations are with China’s claims, because they could lead to China choking off free navigation. “China says there will be no problem,” he said. “If push comes to shove,
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Pakistanis woo China as potential U.S. rival
San Francisco Chronicle
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 superpower just 400 miles to the north along the
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FTSE 100 slips on US and China data
Proactive Investors UK
The FTSE 100 slid 74 points (1.3 percent) to fall one point below the 5700 level by midday, weighed down by fresh concerns over the pace of economic growth in the US and China. Industrial growth in China appears to have stalled. It was revealed today.
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US seeks China’s help in Sudan as alarm grows
Las Vegas Sun
US officials said they want China to urge Sudanese President Omar al-Bashir to abide by the terms of a 2005 peace agreement that ended Sudan’s two-decade north-south civil war and led to a secession vote by the south. Later this month, ahead of
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US-Philippines flex collective muscle
Asia Times Online
In what could be a prelude to an imminent face-off with China, American and Filipino naval forces will launch “war games” on June 28-July 8 off the coast of Palawan province, west of Manila, near the hotly contested and potentially oil and gas rich
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Imax CEO sees network growing 30 percent annually
Reuters
Russia is also a very fast growing market for Imax, which has about 250 commercial theatres in the United States, where growth is rapid but not as fast as in China. “I am not sure if China will pass the US but I would not be shocked to see that happen
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China will increase US soybean imports
China Daily
The increase in the soybean trade may help promote ChinaUS relationships, indicating a way to balance bilateral trade, Chinese experts said. “China is the most important market for US soybeans, and the soybean trade will play a large role in improving
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With few specifics on relocating Futenma, Japan, US focus on China
Asahi Shimbun
WASHINGTON–After failing to agree on a timetable for relocating the US Marine Corps Air Station Futenma, Japan and the United States focused on common strategic objectives mainly to deal with China’s emergence. The bilateral Security Consultative
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MarketsandMarkets: China, USA and Germany Leads Global Water Treatment
PR Newswire (press release)
chemicals market by type, geography and processes used in soft drinks and studies consumption of water treatment chemicals in soft drinks in major countries such as the US, Mexico, Germany, UK, South Africa, Saudi Arabia, China, and Japan.
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Defence goes west with US as China grows
The Canberra Times
Such a conflict can’t be ruled out with Taiwan and the Korean peninsula perennial potential flashpoints between the US and China. ”A colleague said to me the other day, ‘you’d have to be crazy to start a war in the western Pacific,’ and that’s where
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US, Japan view China as ‘thorn’, says daily
iNewsOne
Beijing, June 23 (IANS) The US and Japan view China as ‘a thorn’ and some in the two countries favour containing Beijing, the China Daily said in a commentary Thursday. ‘It is not hard to see that the two allies view China as a thorn in their sides,’
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China GengSheng Signs Five-Year Strategic Partnership with a North American
PR Newswire (press release)
Chairman and CEO of China GengSheng Minerals. “In addition to the significant revenue potential this partnership presents, it will provide us with our own brand specific to the North American market. The establishment of this brand will allow us to
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Asia stocks slump on US Fed forecast; Nikkei down 0.35%
Business Insider
Forex Pros – Asian stock markets were broadly lower on Thursday, after the Federal Reserve downgraded its growth forecast for the US economy and amid concerns China planned to further tighten monetary policy. During late Asian trade, Hong Kong’s Hang
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China eyes Canada oil, US’s energy nest egg
Alva Review-Courier
ROB GILLIES, AP CALGARY, Alberta (AP) — In the northern reaches of Alberta lies a vast reserve of oil that the US views as a pillar of its future energy needs. China, with a growing appetite for oil that may one day surpass that of the US,
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China’s Forex Reserves Find Opportunity in Europe
Wall Street Journal
Now, some analysts say China may indeed be funneling more of the new flows into its foreign-exchange reserves into Europe. Standard Chartered economists this week said China appears to be buying fewer US assets with its new foreign-exchange reserves
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China’s $600 billion housing push faces roadblocks
Reuters
Any failure to hit those targets will amplify existing worries about a hard landing in China when US growth is weakening and other big economies are facing a fiscal deadlock. “Should the threat of a hard landing emerge, we would expect fiscal stimulus
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China denies cyber war with the US
Fudzilla
Senior Chinese officials have denied that it is attacking servers in the United States. Vice Foreign Minister Cui Tiankai said that while everyone is claiming that there is a cyber cold war between the US and China it is rubbish.
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US, Europe should study Chinese
China Daily
Economic stimulus by further expansion of budget deficits is not practical politics in the US or most European countries. It is therefore enlightening to compare the situation in China’s economy to the US and Europe three years after the international
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China’s power play for Africa alarms US
UPI.com
Clinton’s outburst at the Lusaka gathering underlined the tension between the United States and China as the new scramble for Africa opens up. Washington is having to safeguard US interests in Africa, which are increasingly threatened by the bullish
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Faltering factories point to broader slowdown
Reuters
By Jonathan Cable and Alexandra Alper LONDON/NEW YORK (Reuters) – Slowing private sector growth in China and Europe raised new concerns the global economic recovery is at risk, while the United States and other big oil consumers nations announced a
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The US Needs to be More Like China
CounterPunch
By DAVID MACARAY Say what you will about “authoritarian capitalism” (the term British historian Timothy Garten Ash uses to describe China’s economy), but when Chinese corporate executives disgrace themselves beyond any hope of redemption,
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US stocks plunge on gloomy data
Ninemsn
US stocks have fallen sharply as markets opened, following reports indicating slowing growth in the United States and China, the world’s two largest economies. The Dow Jones Industrial Average fell 165.93 points (1.37 per cent) to 11943.74 in the first
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North Korea Warned Against Bypassing South to Engage With US
Global Security Newswire
They involve China, Japan, Russia, the United States and both Koreas. Beijing has also offered a plan for resuming the full negotiations that would begin with North-South talks and then discussions between Pyongyang and Washington.
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Analysis: Christmas gloom for China toymakers as orders shrivel
Reuters
After wrenching change that saw hundreds of toy factories in China shut down in the 2008 financial crisis, hopes were high for a rebound. But Europe’s debt crisis and a sluggish US economic recovery are curbing Western demand, while cost and Labor
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Ukraine and China sign contracts worth 3.5 billion US dollars
Caspionet
Ukraine and China have signed contracts worth 3.5 billion dollars. UNIAN reports this information referring to the President of Ukraine Viktor Yanukovych’s statement as a result of negotiations between Ukrainian and Chinese delegations.
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EMERGING MARKETS-Latam stocks, FX hit by global slowdown concern
Reuters
By Brad Haynes SANTIAGO, June 23 (Reuters) – Latin American markets slid early on Thursday after signs of weaker growth in Europe and China added to a downbeat outlook from the US Federal Reserve to reinforce concerns of a global slowdown.
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US Solar Market Faces Funding Crisis
TheStreet.com
By Eric Rosenbaum 06/23/11 – 01:52 PM EDT NEW YORK (TheStreet) — The era of European growth being the driver for solar demand is ending, leading to high hopes for solar markets from China and India to Australia, South Africa and the US The US may be
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China Yuan Down Late On PBOC Guidance, Dollar Strength
Wall Street Journal
SHANGHAI (Dow Jones)–China’s yuan was lower against the US dollar late Thursday amid the dollar’s broad strength overseas and after the central bank guided its currency lower via the daily reference exchange rate. Dealers said the People’s Bank of
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Wendy’s/Arby’s taps Russia, eyes China and Brazil
Reuters
Unlike rivals McDonald’s and KFC parent Yum Brands , the US fast food chain operates only about 300 of its 10000 restaurants outside North America. Senior Vice President Andy Skehan said the group was aiming for more than 8000 extra outlets in its
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China’s hi-speed rail maker eyes US patents
International Business Times
The Chinese company has already hired lawyers in the US to assess its intellectual property rights for CRH380A train and to weigh them against those existing in the US, the official China Daily said, quoting Ma Yunshuang, deputy general manager and
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“We’re not economic villains in Africa” – China to US
Moneyweb.co.za
Instead, China-Africa trade remains considerably uneven, both in terms of geographical distribution and trade components.” As China and the US circle each other in the African theatre, the stakes are high. China needs to secure the materials and
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Obama makes good on promise
China Daily
The US and its allies have agreed to turn over security responsibility to the Afghans in 2014. Li Qinggong, deputy secretary-general of the China Council for National Security Policy Studies, believes Obama’s decision is aimed at appeasing the anti-war
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India to beat US for 2nd place in world trade: CNBC
MSN India
China is expected to be at the number one position by 2015, it said, citing a report by international financial conglomerate Citigroup. “In terms of the largest countries by trade, we expect China to overtake the US to become the world’s largest
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Huntsman to open presidential campaign headquarters in Orlando
Los Angeles Times
After months of speculation, Huntsman, 51, quit his post as US ambassador to China on April 30 and announced Tuesday that he would seek the 2012 Republican nomination to challenge his former boss, President Barack Obama, joining at least nine other GOP
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Fed refrains from more stimulus
China Daily
Chinese economists, on the other hand, believe that the QE2 measure had a detrimental effect on China’s economy. “The QE2 did not boost the economy or revive the job market. The reality is that the depreciation of the US dollar will increase the cost
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Oil, world stocks tumble on signs of dismal economy
Reuters
The rise in initial jobless claims indicated little improvement in the US labor market, while slower private sector activity this month in China and Europe underscored a global slowdown. The International Energy Agency said it will release 60 million
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Porsche Cayenne Sales Surge as China Takes to SUVs
Bloomberg
Photographer: China Photos/Getty Images The 2011 Porsche Cayenne S Hybrid. Source: Porsche via Bloomberg China surpassed the US as the world’s largest car market on sales of sedans. Future growth lies with sport-utility vehicles.
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Amodei Links Obama to China
KOLO
Now we’re paying 4.3 millions a day in interest to keep the debt current making China owning us. Besides it takes a good eye and searching for products that are made in America now. by Jess Location: Fernley on Jun 22, 2011 at 02:17 PM No,Mr.Amodei…
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US lawmaker worries about Ai ‘confession’
AFP
After posting the petition, activist website Change.org was disrupted by cyber-attacks it believes originated in China. PEN American Center, the writers’ group, called Ai’s release “an affirmation of the power of people of conscience around the world
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SinoTech Announces US$20 Million Share Repurchase Program
MarketWatch (press release)
in China, today announced that its Board of Directors has authorized a share repurchase program, effective immediately. Under the program, SinoTech is authorized to repurchase up to US$20 million worth of its American Depositary Shares (“ADSs”),
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Brands demand more creativity in return for ad spending
Reuters
Visibility on future bookings has dropped and much of the advertising growth is being driven by the faster growing markets of China, Brazil and India, as they pull even further ahead of countries in western Europe in terms of growth rates.
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China a Concern as Senate Judiciary Reviews IP Law Enforcement Efforts
BroadbandBreakfast.com
While witnesses reported that the Chinese have expressed genuine concern and willingness to cooperate on IP protection issues, not all members were convinced that China has been honest with the US Sen. Sheldon Whitehouse (D-RI), Senate Judiciary
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Chrysler to Expand China Dealerships Next Three Years on Expanding Economy
Bloomberg
By Tim Higgins – Thu Jun 23 17:22:32 GMT 2011 Chrysler Group LLC, the US automaker operated by Fiat SpA (F), wants to expand its dealer network in China by 39 percent over the next two to three years. The automaker has 127 dealerships covering about 60
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US Commodities Day Ahead: G-20 Meeting Approves Crops Database
Bloomberg
Tea exports from India, the top grower after China, may climb 11 percent as output rebounds and supplies from Africa drop due to dry weather, according to McLeod Russel India Ltd., the world’s biggest tea grower. Munich Re, the world’s biggest
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National Teacher of the Year Michelle Shearer Heads to China
PR Newswire (press release)
She will travel to China where she will represent US teachers in meetings with Chinese education ministers, teachers, and students. Shearer will travel with People to People Ambassadors Programs, the world leader in global educational travel
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Asian Currencies Drop on Lower U.S. Growth Forecast, Greek Debt Concern
Bloomberg
The Fed also forecast the US jobless rate will average 8.6 percent to 8.9 percent in the fourth quarter, compared with an 8.4 percent to 8.7 percent projection in April. The People’s Bank of China set the yuan’s reference rate weaker for the first time
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China takes spotlight in campaigns
Las Vegas Review-Journal
“They own us.” Union criticism of Georgiou’s China connections followed on the heels of a provocative ad from Mark Amodei, the Republican candidate for the 2nd Congressional District, that suggested government debt owed to China puts United States
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