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U.S. China News 2011.06.25

Sat, June 25, 2011

US on Spratly: Slow Burn to China
Inquirer.net
For the Philippines, there’s nothing to lose in standing up to China and showing we’re no pushovers. One, when the first Chinese aircraft carrier blows us out of the water, world sympathy will be with us. China will be so unpopular Americans will start
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US vows to arm Philippines to fight China
Press TV
They also are viewed as strategically valuable for both China and the US, as the South China Seas are heavily trafficked. Antiwar China, the Philippines and Vietnam, along with Brunei, Malaysia and Taiwan, lay claim to all or parts of the Spratlys,
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USChina Governors Forum: Not All Sweetness & Harmony
The New American
ChinaUS Governors Forum, a newly launched sub-national consultation mechanism, will strengthen bilateral cooperation in a more effective way, a senior Chinese official said here Saturday. “The forum is one of the direct, pragmatic and effective
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US groups urge Congress reject China currency bill
Reuters
“We agree that China needs a yuan exchange rate that responds to trade flows and that China should move steadily toward a market-determined exchange rate,” the USChina Business Council and other groups said in a letter to every voting member of
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China’s springboard to American markets
GlobalPost
The deal represents China’s closest such trade pact to the US border, having inked agreements with Latin American countries Peru and Chile, a trend analysts say is part of China’s surging soft power in Washington’s “backyard.” To get to this point,
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Suntech Sizzles Up To $11 As CEO Looks To US, China
Forbes (blog)
In 2010, Suntech generated nearly 70% of its revenues from Europe, 15% in the US and slightly more than 5% in China underscoring the industry’s reliance on European demand. The Chinese government has made notable investments to reduce the country’s
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150 Years on, China’s Rail Role Would Use US Labor
The Takeaway
Go to visit China, and pay a visit to the HSR company, and find the truth yourself. You’re not any smarter than other people, esp. those Califonias who have come and seek proof through their research and evaluation. The poster above is a well known
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The Obama who’s in love with China
Hindustan Times
US President Barack Obama’s half-brother – who has adopted China as his country – has written a book which he hopes will help China and the US “understand each other better”. “I hope my book will let Chinese people know more about some aspects of
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For regional peace
China Daily
The first round of ChinaUS consultations on the Asia-Pacific region, to be held in Honolulu, Hawaii, on Saturday, will help the two countries know more about each other’s strategic intentions in the region, reduce misunderstanding and avoid
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US to probe against steel cylinder imports from China
China Daily
WASHINGTON — The US International Trade Commission (USITC) on Friday cleared the way for the US government to continue anti-dumping and countervailing duty investigations against imports of high-pressure steel cylinders from China.
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Shame as Kenya to buy ‘own viagra’ from China and US
Daily Nation
By GATONYE GATHURA, gathura@ke.nationmedia.com Kenya could soon start buying “her own natural viagra” (mukombero) from China and the US as the economic giants plan mass cultivation of the plant. According to the head of bioprospecting at the Kenya
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Facing human crisis,China, US should ditch old mind-set
China Daily
I have lived and worked in China and the USA. I’d like to give a perspective from the sidelines as a citizen of a third country, which depends on China for its wealth and the USA for its current defense. China and USA are two of the most important
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US ‘very pleased’ with China’s release of dissident
AFP
WASHINGTON — The United States on Friday welcomed the release from prison of Chinese dissident artist Ai Weiwei but voiced deep concern over China’s broader crackdown on critics. “We are very pleased with the release of Ai Weiwei, and we welcome that
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China’s Lenovo Targets US, Europe, Japan
Investor’s Business Daily
By REINHARDT KRAUSE, INVESTOR’S BUSINESS DAILY Posted 06/24/2011 05:23 PM ET China’s Lenovo Group, the world’s No. 4 PC maker, is taking aim at Japan, Europe and the US Lenovo, which in 2005 bought IBM’s (IBM) money-losing PC business, dominates at
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What to do About Taiwan
The Weekly Standard (blog)
On June 25, 1950, North Korea invaded South Korea and immediately dragged the US and China into the bloody conflict. It was the culmination of not a single event, but a series of missteps. In 1949, the US had withdrawn its forces from Korea and key US
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Asia stocks rise as China says inflation will slow
BusinessWeek
Stocks of Asian companies trading in the United States rose Friday morning as China’s premier expressed confidence that Beijing can control surging inflation. Shares of several indices made up of companies in China, India, Japan and Korea were trading
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China’s workshop gets transplanted
CTV.ca
The annual salary for a skilled worker in Chengdu is about 20000 yuan (China’s currency) or about $3090 (US), according to human resources consulting firm Aon Hewitt. In coastal cities such as Guangzhou, it is more than 24000 yuan or about $3700.
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Commerce chief to make clean energy a priority
China Daily
It’s good news for the US, China and the low-carbon economy,” said David Burwell, director of the Energy and Climate Program at the Carnegie Endowment. Joe Romm, a senior fellow at the Center for American Progress, said energy cooperation between China
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US finally comes to its senses
China Daily
But years later when the US was bogged down in the messy war in Iraq, he wrote back to congratulate me for making the right assessment about the outcome of the war right at the beginning of it. Last year in an opinion piece here in China Daily,
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Dragon Fire
Barron’s
By LESLIE P. NORTON | MORE ARTICLES BY AUTHOR The US military is getting ready to leave Iraq and Afghanistan. The next threat is much bigger. Even the most casual observer seems to know that China’s economy has been growing at a roughly 10% annual rate
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China’s ‘solar city’ rushes to catch power boom
Chicago Daily Herald
The US government said this month Beijing agreed to rescind some policies that American officials said amounted to subsidies to makers of wind turbines. China already is the world’s biggest producer of solar and wind equipment. Yingli and other Chinese
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China Edwards of Spring Hill wins 1st in Super Stock Division of Kansas City’s
Kansas City Star
She and her family travel and compete in soap box derby rallies across the US. China’s cousin, Jerry Edwards is also a Soap Box Derby racer and will be joining her in Akron as the Region IV Super Stock Rally Champion. China will be a senior next fall
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Has Renren suffered enough from China stocks phobia?
Reuters
Chinese stocks listed in the US have plunged amid growing concerns about alleged accounting fraud and whether the companies’ claims about their businesses stand up to scrutiny. Renren has been mostly free of that taint, but it still faces concerns
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At the China-Central and Eastern European Countries Economic and Trade Forum
Xinhua
As early as over 2000 years ago, the Silk Road closely linked us together. Most countries in central and eastern Europe established diplomatic ties with the People’s Republic of China immediately after its founding, opening a new page in the annals of
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China: Rising economy, but a meritocracy? Meet Liu Zhihua.
Christian Science Monitor
By Rocky Vega, Guest blogger / June 25, 2011 Despite rampant corruption in government — which the US itself is no stranger to — the Communist Party of China (CPC) will be celebrating its 90th anniversary a week from today, on July 1st.
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US 1.5 billion pledges to Sri Lanka
Macau Daily Times
China has pledged US 1.5 billion dollars to finance infrastructure projects in Sri Lanka over the next three years, Colombo’s information ministry said yesterday. Channelled through the state-run China Development Bank Corporation, the money will be
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Manufacturing Sector in China moving toward recession
Examiner.com
And people have become especially concerned about China. Given the fact that China is the number one creditor of the US, financial industry experts are keeping a wary eye on China. If Greece defaults, CNBC reported that China will likely experience
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GOP July presidential debate postponed
UPI.com
19, 2011, when he was US ambassador to China. UPI/Stephen Shaver WASHINGTON, June 25 (UPI) — A debate scheduled next month in Las Vegas among Republicans vying for a presidential nomination has been postponed, organizers said.
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EU stands firm as polluting tax row threatens Airbus sales
AFP
BRUSSELS — The EU refused Saturday to back down on a planned pollution tax on airline companies after reports China has put an Airbus order on ice and growing discontent in the United States. Expectations that Hong Kong Airlines would announce a
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Growing Pains: The other side of China’s growth story
Patriot-News
By Patriot-News Op-Ed BY JOHN PAUL BENNETT The media in China, much as in the United States, is obsessed with the rise of China story. Hardly a day passes when there isn’t an news on the rapid GDP growth, China’s new wealth, Sino-US currency battles,
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China/HK: New ‘Vanity’ Market for Bordeaux
TheStreet.com
“For them, buying classified Bordeaux would be like reaching for the stars,” he says This has happened because of increasing awareness of US buyers of excellent wines from other parts of the world at lower prices, but also because the US is not yet out
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How a Blockbuster Can Be a Sure Thing in China: World View
Bloomberg
But in China, where summer movie season–normally starring American blockbusters–has become a fixture for the country’s small number of paying movie-goers, the spirit of central economic planning has brought a bit of predictability to the new Chinese
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China Play May Buffet Buffett
Barron’s
Last week, BYD raised US$219 million in a secondary offering in China of Shenzen-listed A shares (available to locals and to qualified foreign institutions) but at 35% below the original goal. “BYD needs to raise [more] cash as quickly as possible,
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Hungry Hogs Lift Corn Prices
Barron’s
China imports 80% of its soybean needs, with 98% used for hog feed. Heavy demand and constrained supply could lift soybean prices to $20 a bushel in 12 to 18 months, from around $13.20 now. The US Department of Agriculture has projected that corn will
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Republicans Keep Hating China
Tapped (blog)
If China’s economy is becoming stronger than that necessarily means the US economy gets weaker. Prospect contributor Matthew Ygelsias has a good takedown of this view, but it holds wide sway among Republican voters, and their politicians have tapped
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Honda recalls mislabeled generators
UPI.com
WASHINGTON, June 25 (UPI) — The US Consumer Product Safety Commission announced a voluntary recall of Honda portable generators with hazard labels printed in Japanese. About 2500 generators were imported from China by American Honda Motor Co. of
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Asian Stocks Post First Gain in Eight Weeks on Europe Optimism
BusinessWeek
Airline shares rallied after oil futures dropped for a fourth week, after the International Energy Agency’s decided on June 23 to release 60 million barrels of oil over the next month, half of from the US reserves. Air China, the world’s biggest
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Has John Paulson lost his magic touch?
Telegraph.co.uk
And the now legendary Wall Street hedge fund manager has certainly never seen almost half a billion dollars of his fund’s money disappear in the murky undergrowth of southern China’s forests before. But that’s what happened in the last ten days to an
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US Grants Entry to Wife of 106-Year-Old Chinese Emigre
MyFox Phoenix
But the age-defying Romeo flew back to his native China this month to collect his bride after she finally secured the green light from American immigration officials to join him. Zheng lost his first wife in the 1970s, the Shanghai Daily said,
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Obama Invest in manufacturing
Politico
Even as we speak, it is a sure bet that a company in China is gearing up to manufacture the same products as RedZone. There is one major difference. That other company will be using cheap labor. That is how Obama’s beloved ‘free trade’ works.
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Economists note a slowing US recovery
Gamut News
Data shows manufacturing has slowed since the first of the year and growth, overall, is slowing in China by design, as policymakers their try to arrest galloping inflation. High gasoline prices have slowed consumer spending in the United States,
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Evening markets: harvest time and Greece sap grains’ resolve
Agrimoney.com
China showed up buying 120000 tonnes of new crop US soybeans, and was believed, again, to have bought corn too. “Rumours also are hot that China has purchased corn,” US Commodities said. “It is now profitable for China to import US corn.
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