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U.S. China News 2011.06.24

Fri, June 24, 2011

U.S. To Defend Philippines If China Attacks Filipino Forces In Spratly
RTT News
Clinton said territorial disputes in the South China Sea would be one of the most important issues on the agenda at the first high-level Asia Pacific consultation between the United States and China in Hawaii over the weekend.
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Saab seeks salvation in China and US
Oman Daily Observer
STOCKHOLM — Troubled Swedish carmaker Saab yesterday confirmed that it was looking for lifelines from possible financiers in China and the United States so it could keep operations running. Company spokesman Eric Geers told the SR radio broadcaster
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India, China growing rapidly, US facing stiff competition: Barack Obama
Economic Times
WASHINGTON: US President Barack Obama has said that countries like India and China are on the move and growing much rapidly, warning that America is facing stiff competition from these nations. “There are rapidly growing nations like China and India
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Would China Really Just Shrug at US-Sponsored Taiwan Independence?
The National Interest Online (blog)
Also participating were Joe Bosco, who worked as a China desk officer in the Pentagon of Bush the Younger, and Rupert Hammond-Chambers of the US-Taiwan Business Council. My remarks were focused fairly narrowly on the shifting cross-strait military
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China overtakes US as top energy consumer
Hargreaves Lansdown
By Ben Yearsley | Fri 24 June 2011 Firstly, Chinese energy consumption grew by a staggering 11.2% last year, helping to propel China to the top of the world energy consumption table and pushing the US into second place. China’s rise to the top was seen
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China, US launch new win-win cooperation platform
China Daily
However, it was actually launched at the right time, given the development of ChinaUS relations and the current situation in the region. China and the United States are two world powers facing each other across the Pacific Ocean.
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Asia stocks rise as China says inflation will slow
Forbes
The Hang Seng China 50 Index, for example rose 2.6 percent in morning trading. The BNY Mellon Asia 50 ADR Index, made up of Asian companies trading in the US, was up 1.1 percent. Individual companies were riding the tide. Beijing-based China Life
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PH should be wary of China and US
Inquirer.net
I also understand that China is by far the most powerful force in the region. It doesn’t take a genius to know that. As an American homeowner in the Philippines, I take great interest in Philippine politics, economics and foreign policy.
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Henry Kissinger’s miscalculation may have kept Mao Zedong in power
The Australian
Becker says Kissinger rightly claims to be the chief architect of the ChinaUS relationship, “one of the pillars of the international order as crucial to understanding world history as Britain and America’s decision to make an ally of Stalin in order
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Growth: China, US, Europe Slowing
IBTimes Hong Kong
China has held the Yuan at roughly 6.83 to the dollar since July 2008 in an attempt to insulate the fastest-growing major economy from the turmoil sparked by the US credit crunch. On June 22, 2010, the Yuan rose to 6.9676 to the greenback,
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Henry Paulson Writing Book on USChina Relations
ABC News
Former US Treasury Secretary Henry Paulson is writing a new book about the relationship between the United States and China. Paulson’s book will look back at his experience working with China while Treasury Secretary and as CEO of the investment bank
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YAN YAN LI v. ATTORNEY GENERAL OF U.S.
Leagle.com
Yan Yan Li, a citizen of the People’s Republic of China, arrived in the United States in 2006 as a visitor. In 2007, she applied for asylum, withholding, and protection under the Convention Against Torture (“CAT”). The Government subsequently charged
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Planners make the case for US bases
The Australian
Yoshihara was brought to Australia by the Lowy Institute for International Policy earlier this year and he told The Australian then that while war between the US and China was far from inevitable, if it happened it was likely to involve barrages of
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US Multinationals Reconsider China-Based Manufacturing
China Briefing
I recall one year visiting the US Chamber of Commerce in one of the larger cities only to be practically shown the door when discussing US businesses investing in China: “China is taking US jobs away!” to the very same official 12 months later
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Will China See the iPhone 5 Before the US Does?
Mobile Marketing Watch
According to White, Apple’s 5th generation iPhone will debut in China this September, around the same time the updated touchscreen handset turns up in the US. Although the iPhone is available in China, it’s only “officially available” through China
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US corn reaches China’s ports, more buys seen
Agriculture Online
BEIJING (Dow Jones)–The first US corn shipments of this year to China have arrived at Chinese ports, the US Grains Council said Friday. China purchased 1 million metric tons of US corn in March to replenish dwindling state reserves,
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Huntsman urges more pressure on China currency
Reuters
Huntsman, a former Utah governor who stepped down as US ambassador to China in April, spoke of the Chinese currency issue as he kicked off his bid for the White House in the key battleground state of Florida. The issue dogged USChina relations during
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Bryson may boost Sino-US energy ties
China Daily
Obama added that the development of clean and renewable energy will help improve US export competitiveness. Lefton said ChinaUS collaboration on clean energy represents a win-win for the two countries. “There is a great relationship that has already
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US panel OKs probe of China steel cylinder imports
Reuters Africa
WASHINGTON, June 24 (Reuters) – The US International Trade Commission on Friday approved an investigation into whether high-pressure steel cylinders from China are subsidized and sold in the United States at unfairly low prices.
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Locke closer to China ambassadorship
China Daily
Thanks to his Chinese ancestry and outstanding work to promote ChinaUS trade, the 61-year-old Locke was nominated by President Barack Obama in March after Ambassador to China Jon Huntsman quit to run for the 2012 Presidential election as a Republican
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ECB’s Paramo Sees Risks From Weak US, China Economic Data
NASDAQ
MALAGA, Spain -(Dow Jones)- The European Central Bank maintains its view that the local economy is strengthening and that inflationary pressures are on the rise, though weak recent data from the US and China highlight risks to that outlook,
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USA Defeats China 13-6 on Day Two of FINA World League Super Final; Serbia
SwimmingWorldMagazine.com
USA 5 (1, 1, 1, 2) J. Smith 2, J. Powers 1, T. Azevedo 1, R. Bailey 1 Florence, Italy – June 22 – The USA Men’s National Team got back on track with a 13-6 victory over China on day two of the FINA World League Super Final. Tony Azevedo (Long Beach,
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American Manganese Inc. to Receive Fourth Contribution Through NRC-IRAP
MarketWatch (press release)
China has a 20% export duty on EMM and the US has a 14% import duty; (US Price $1.80/lb) the current world price for Electrolytic Manganese Metal is about $1.53/lb. Manganese resources are declining in China especially carbonate ores for production of
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Poll: U.S. likes shopping less than others
UPI.com
NEW YORK, June 24 (UPI) — A poll of people in nine countries suggests 39 percent of US adults enjoy shopping for clothes, compared to 92 percent in India and 79 percent in China. The Harris Poll of 9222 adults in the United States, Singapore, China,
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Baidu buys Qunar to boost travel search
Reuters
“Travel has long been one of the top categories on Baidu, and the number of travellers in China has been growing very rapidly, so this is a market of obvious strategic importance to us,” Jennifer Li, Baidu’s Chief Financial Officer, said in a statement
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Quantum CEO Sees China’s Rare Earth Restrictions as Opening for Obama to Act
MarketWatch (press release)
“President Barack Obama should counter China’s actions and move aggressively to set up a US stockpile of rare earth materials,” said Peter Dickie, CEO of Quantum Rare Earth Developments Corp. ( http://www.quantumrareearth.com/ ).
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US’s Clinton: US has interests in South China Sea
ForexLive (blog)
South China Sea is very important militarily and economically to the US and the world. If China’s claim of 80% become true then the world will be in big trouble. Then US not only can’t solve it’s problem but China will owned US and the world.
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Chrysler eyeing China production through Fiat JV
Baltimore Sun
CHELSEA, Michigan (Reuters) – Chrysler Group LLC is “aggressively” exploring the possibility of building more vehicles in China, where the company is on track to sell 40000 cars and trucks this year, an executive said on Thursday. The US automaker
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Reaction mixed to Obama’s troop plan
China Daily
By Chen Weihua and Qin Jize (China Daily) NEW YORK / BEIJING – US President Barack Obama has faced mixed reaction to his decision to gradually withdraw troops from Afghanistan. He has been criticized for sacrificing Afghanistan for domestic political
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Hopes are high for responsible US troops withdrawal
China Daily
By Chen Weihua and Qin Jize (China Daily) NEW YORK / BEIJING – One day after United States President Barack Obama announced the start of troop withdrawals from Afghanistan, Foreign Ministry spokesman Hong Lei said China hoped the US would act
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How to Engage China
The Diplomat
As a result, China pays close attention to the US commitment to the Sino-US strategic relationship and expends a great deal of energy analysing US behaviour for any changes. This means that it’s difficult to reassure China over US strategic intentions,
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China’s Top Power Firms Suffer Soaring Losses
Bernama
The China Electricity Council said in the report that the country’s five major state-owned power-generating firms lost a total of 12.16 billion yuan (US$1.88 billion) in this year’s January-May period, compared to 4.3 billion yuan in losses during the
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China Fuels Latin America’s Biggest Debt Rally by Financing Ecuador Budget
Bloomberg
China’s Sinohydro Corp. will build it. The Andean country’s dollar debt yields 805 basis points more than US Treasuries, the second-most among 15 emerging markets tracked by JPMorgan’s EMBI+ index, after Venezuela. Debt from Argentina, which defaulted
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Twin track approach for high-speed trains
Sydney Morning Herald
Just as building the interstate highway system a half-century ago made modern, national commerce more feasible in the US, China’s ambitious rail plans are helping integrate the economy of this sprawling, populous nation – although on a much faster
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China’s SUV sales to set global pace soon
China Daily
By Tian Ying (China Daily) BEIJING – China overtook the United States as the world’s largest car market on sales of sedans. Future growth lies with sport utility vehicles (SUVs). SUV deliveries rose 30 percent this year through May, compared with a 6
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5 Reasons China’s Bubble Might Be Ready to Burst
msnbc.com
China recently became the world’s largest creditor and now holds roughly 8% of all outstanding US debt. The US does bear an AAA credit rating at the moment, but let’s be honest about this, China is still a novice when it comes to lending.
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Nissan Aims to Double China Infiniti Sales in Luxury-Car Push
San Francisco Chronicle
It will also use more parts from China and Thailand in its Japanese plants, he said. A stronger yen reduces Nissan’s repatriated earnings from overseas sales. The Japanese currency advanced 15 percent against the US dollar last year and reached a
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Red riding journey
China Daily
By Zhang Xi (China Daily) ‘Red tours’ are red hot and take visitors on a Long March down memory lane. Zhang Xi report. For the past five years, the Chinese government has designated landmark places that have historical links with the development of the
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Hoping it’s like 1999: GWU coach likes US team’s World Cup chances
Shelby Star
It was a banner day for the US women’s soccer team, capped by Brandi Chastain’s game-winning penalty kick that delivered the Women’s World Cup title. The date was July 10, 1999, and China was the opponent. It stands as the last time Team USA won the
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Number of Chinese millionaires rises by 12%
China Daily
The number of millionaires in China grew by 12 percent to 534500. China ranked fourth in the number of millionaires, trailing the United States, Japan and Germany. About 53 percent of the world’s millionaires, or individuals with at least $1 million in
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California congressman tackles toxic trade in new bill
Los Angeles Times
Critics say 80% of children in Guiyu, China, a region where many “recycled” electronics wind up, have elevated levels of lead in their blood from the toxins in those electronics, many of which comes from the US Burning the plastics in the electronics
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US women in unfamiliar role as World Cup begins
CNN
In the days of Hamm, Julie Foudy and Brandi Chastain, the list of favorites for a major tournament always started with the US And then you could add Norway and China. The United States won the first World Cup in 1991, and the team’s memorable moment
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