Skip to content

U.S. China News 2011.06.29

Wed, June 29, 2011

Top US military officer to visit China
AFP
“China will promote the advancement of relations between the two military forces under the framework of ChinaUS ties,” Xinhua quoted Yang as saying. Yang further congratulated Leon Panetta, who was confirmed by the US Senate as the new defence
See all stories on this topic »

Will Germany-China Ties Hurt the U.S.?
TIME (blog)
Growing ties between Beijing and Berlin don’t all bode well for the US, not to mention greater Europe. For their part, Europeans fear China is taking over their continent by buying its way in. China’s recent purchases of Spanish and Greek bonds,
See all stories on this topic »

US cable: China official, Taiwanese spy had affair
Las Vegas Sun
Since then relations have improved substantially, guided by Chen’s China-friendly successor, Ma Ying-jeou. When Jin left office, it was reported that he resigned for personal reasons. The recently released cable from the US Consulate General in
See all stories on this topic »

Filipino-Americans to hold anti-China protests in US
Inquirer.net
SAN FRANCISCO, California–Filipino-Americans are set to picket China’s consular offices in the United States to protest Beijing’s “impending invasion of the Philippines.” The protesters, set to converge on July 8 in Washington DC, New York, Chicago,
See all stories on this topic »

US, Philippines hold drills near South China Sea
China Daily
By Cheng Guangjin (China Daily) Beijing – The Philippines and the United States launched regular naval exercises on Tuesday close to the South China Sea, showcasing the US‘ high-profile military presence in the region at a sensitive time, experts said.
See all stories on this topic »

Cracks Beneath: China, Greece, US and Derivatives (Guest Post)
Business Insider
We will see how China is going to juggle rescuing debt ridden Europe, battling rampant inflation, and the CNY10.7 trillion ($1.65 trillion) debt amassed by China’s local goverments. Meanwhile, the US Dollar bounced off of a high of 76.3 on Friday,
See all stories on this topic »

US, China give final OKs to Cirrus sale
Duluth News Tribune
Duluth-based Cirrus Aircraft is now under Chinese ownership after the deal got final approval from US and Chinese governments. The Duluth-based airplane maker announced Tuesday that China Aviation Industry General Aircraft has completed its acquisition
See all stories on this topic »

Kissinger: USChina Not Competing for World Domination
Forbes (blog)
By KENNETH RAPOZA US Secretary of State Henry Kissinger opened China’s door to the US in 1971. Kissinger in November 1973 with Chinese President Mao Zedong. The US and China are not in a competition to dominate the world, former Secretary of State
See all stories on this topic »

U.S. Seen as Technology Growth Leader, Ahead of China, India; Execs Less
PR Newswire (press release)
MOUNTAIN VIEW, Calif., June 29, 2011 /PRNewswire/ — The United States market has rebounded to first place from third just a year ago, ahead of China and India, as a driver of future revenue growth for the technology industry, according to the results
See all stories on this topic »

More American Companies Bring Factories Back Home From China
Business Insider
So Krwyko shopped around the US, and he found that the recession had lowered costs enough to make keeping his factory in the US worth his while. He’s not the only one, says CNN. China is a hassle and that they want to bring their operations closer to
See all stories on this topic »

The Fourth of July, Made in China
U.S. News & World Report (blog)
In 2010, the US imported $190.7 million in fireworks from China. That represents the bulk of all US fireworks imports and puts China close to US fireworks production, valued at $231 million in 2007. US makers exported $37.0 million worth of fireworks
See all stories on this topic »

Ministry: US export control disappoints China
China Daily
BEIJING – A spokesman of the Ministry of Commerce (MOC) said Tuesday China is deeply disappointed at the United States‘ decision to withhold export control of high-tech products to China, saying such move was “discriminatory.
See all stories on this topic »

China’s Coal to Liquids Program Not Allowed in the United States
Canada Free Press
Unlike the United States, China does not mind satisfying its electricity demand with reliable coal generation, which represents 73 percent of China’s total generating capacity, and produced a whopping 83 percent of its generation last year.
See all stories on this topic »

China Eyes US for Investment Opportunities
Voice of America
The new money is going to come from China,” Schell said. But China experts say some Chinese investments may pose a national security risk for the United States. Clayton Dube is with the US China Institute at the University of Southern California.
See all stories on this topic »

West queries China over Pakistan atom ties
Reuters
There was a brief response from China.” Close relations between China and Pakistan reflect a long-standing shared wariness of their common neighbor, India, and a desire to hedge against US influence across the region. Chinese nuclear companies have not
See all stories on this topic »

Australia-China trade breaks US$100b mark
Channel News Asia
Japan came a distant second, at $66.1 billion or 12 per cent, followed by the United States, with 9.0 per cent or $49.8 billion. Resources shipments saw total exports to China spike 34.3 per cent from 2009 levels, with the value of iron ore exports up
See all stories on this topic »

China Expands Economic Influence Around the World
Voice of America
“Clearly, China has become the most important creditor to the United States,” Lombardi says.”This enables China to exert significant pressure in bilateral talks and we’re seeing that in the context of the USChina bilateral relationship.
See all stories on this topic »

China Direct Industries to Commence Iron Ore Shipments to China From Its
MarketWatch (press release)
We are confident that as shipment levels rise out of South America and Mexico, we will build a strong US-based revenue and income stream while taking advantage of our China expertise. We look forward to providing additional information on this
See all stories on this topic »

China to remain world’s toymaker despite costs
Reuters
O), LeapFrog Enterprises (LF.N) and Toys R Us Inc TOY.UL all told the Reuters Global Consumer and Retail Summit this week that China’s considerable advantages as a manufacturing mecca mean it will remain toymaking’s main hub. “Costs would have to go up
See all stories on this topic »

The secret role of energy in bringing U.S. jobs back
Fortune
By Vishesh Kumar, contributor FORTUNE — Rapidly rising wages in booming countries like China are setting the stage for a revival in American manufacturing. As labor costs outpace productivity abroad, companies find the US to be increasingly
See all stories on this topic »

New Jersey Pencil Maker Cedes No. 2’s to China Even on Tariffs
Bloomberg
2’s used by generations of US schoolchildren. Chinese rivals dominate those sales, even after US producers in 1993 got the government to impose anti-dumping duties on pencils exported by China at a fraction of the American cost, and after those fees
See all stories on this topic »

Yuan edges up vs dollar; US adds pressure for more yuan rise
Economic Times
SHANGHAI: The yuan rose against the dollar on Wednesday after the People’s Bank of China set a stronger mid-point amid pressures from the United States for a further appreciation in the Chinese currency. US Treasury Secretary Timothy Geithner said in
See all stories on this topic »

Is Sustainability Bringing ‘Made in the USA‘ Back into Vogue?
GreenBiz.com (blog)
During our chat I started to wonder whether sustainability makes the economics of bringing manufacturing back from China to the US more enticing. More and more US companies are reconsidering their “made abroad” decisions. CNN ran an article on June 17
See all stories on this topic »

China’s Diesel Smile
Business Insider
Did OECD leadership, under severe pressure from a financial crisis in Europe and a newly weakening economy in the US, release government oil inventories in part to please China? Was the IEA’s release of oil reserves a swap for the loosening of China’s
See all stories on this topic »

Rich in papers, China still less innovative
China Daily
BEIJING — I met six US information technology experts in a single week, not even a single one failed to remind me of the prowess of the China-made supercomputer, Tianhe-1A which had occupied the world’s fastest in computing for half a year before it
See all stories on this topic »

Asia Pacific stock sales firm, outlook clouded by stock slump
Reuters
By Elzio Barreto HONG KONG, June 30 (Reuters) – Stock offerings in Asia Pacific edged higher in the first half of the year, but lingering concerns about sovereign debt troubles in Europe, slower US growth and higher interest rates in China are clouding
See all stories on this topic »

US-listed reverse mergers: Painting it red
Moneylife Personal Finance site and magazine
The Chinese management team committing fraud is not governed by US laws. The only way to prevent fraud is to establish an appropriate extradition treaty between China and the US which will allow the US regulators to apprehend and punish the guilty
See all stories on this topic »

US, Philippines start joint naval drills
英文中國郵報
PUERTO PRINCESA, Philippines — The United States pledged on Tuesday its “enduring commitment” to helping the Philippines, as the longtime allies began naval exercises amid a simmering maritime row with China. Two state-of-the-art US missile destroyers
See all stories on this topic »

Investors pile into the bet against China
Fortune (blog)
“The market and foreign academics have both turned more pessimistic,” says Dan Rosen, a partner at the Rhodium Group who follows USChina relations. Chanos started things off in 2009 when his analysts studied China’s building boom, leading him to call
See all stories on this topic »

Australians Urged to Embrace Mandarin
Voice of America
“It is absolutely crucial and China to be fair is making enormous investments in English language education but in terms of us wanting to understand and actually see the opportunities that exist in China whether it be in business but more interestingly
See all stories on this topic »

U.S. Commodities Day Ahead: Soggy Corn Fields Curb Planting
Bloomberg
Naphtha’s slide to the lowest level relative to crude oil in almost a year is hurting European exports to Asia as manufacturing in China slows and petrochemical plants in Japan and Taiwan halt operations. Ports along the US East Coast, bracing for a
See all stories on this topic »

China rolls out high speed train as US sells off infrastructure
AMERICAblog (blog)
by Chris in Paris on 6/28/2011 08:10:00 PM The Republicans have done an impressive job of blocking modernization of the US infrastructure system. They are the party of “no” after all. The rest of the world is not sitting still and they are investing.
See all stories on this topic »

Cornyn: Growing Debt Giving Rise To China
Talk Radio News Service
Cornyn highlighted the potential danger of China’s holdings of American debt, currently estimated to be around $1.1 trillion. “Some folks say there’s no cause for alarm,” Cornyn said. Yet he then noted how a former Chinese general said that “dumping US
See all stories on this topic »

New head of IMF named
China Daily
Lagarde visited Beijing this month to garner China’s support. The US, which chose this time to wait for the rest of the world to make their decisions first, expressed its support early Tuesday in a written statement by Treasury Secretary Timothy
See all stories on this topic »

Waukegan man named to US trade post
Chicago Sun-Times
His appointment was made by Commerce Secretary Gary Locke before he left office to become US ambassador to China. As a committee member, Czajkowski will advise the commerce secretary on trade issues facing the US environmental technologies and also the
See all stories on this topic »

Special Report:China migrant unrest exposes generation faultline
Reuters
“We just want to come here to work, but they manipulate us to death. If the security guards weren’t here, things would be good,” he added. “They mess with the migrants all the time.” Restive migrants are far from the only source of discontent in China.
See all stories on this topic »

An Anti-Bribery Boom in China
Wall Street Journal (blog)
By Alison Tudor Hefty fines handed down for breaches of the US Foreign Corrupt Practices Act and the advent of new British legislation to combat bribery are good news for risk consultants active in China. “All our clients are biting their fingernails,
See all stories on this topic »

Grand Power Logistics Reports Financial Results for Q1 2011
MarketWatch (press release)
In May, 2011, GPLD has received a Letter of Intent from Industrial and Commercial Bank of China (“ICBC”) in Zhoushan city, Zhejiang province, China to provide RMB 1.6 billion (US$246 million) project loan to Yangshan Logistics Park project.
See all stories on this topic »

Chinese Cyber Warfare Threat to be Analysed at Cyber Warfare Europe as
PR Newswire (press release)
Recently reported network attacks on Lockheed Martin and attempted hacking of the Google email database for senior US military personnel and Chinese human rights activists have been linked to China, raising tensions between the US and China as both
See all stories on this topic »

Nike Raises Revenue Targets
brandchannel.com
Nike shares jumped today on the company’s quarterly report, which showed sales in China and the US bolstering its global profits. Nike, Inc. — the corporate parent of Nike, Cole Haan, Converse, Hurley and Umbro brands — announced an increase to its
See all stories on this topic »

China shipping exchange launches first forward freight
Reuters
The contracts began trading on Tuesday with the most active Europe route contract opening at $886 per 20-foot equivalent unit, and the US route opening at $1658 per 40-foot equivalent unit. The SSEFC said each route will have maturing periods beginning
See all stories on this topic »

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: