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U.S. China News 2011.07.08

Fri, July 8, 2011

China warns US officials not to meet Dalai Lama
Reuters
BEIJING (Reuters) – China’s Foreign Ministry warned US officials on Thursday not to meet with visiting exiled spiritual leader the Dalai Lama, saying it hoped Washington “appropriately dealt” with Tibet-related issues. China reviles the Nobel Peace
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PHL wants to balance interests with China, US in Spratlys row
GMANews.TV
MANILA – The Philippines hopes to balance its interests between the United States and China when tackling its territorial dispute with Beijing over the South China Sea (West Philippine Sea), a presidential adviser said on Friday.
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US SEC, PBOAC officials to meet Chinese counterparts
Reuters
BEIJING Jul 8 (Reuters) – US securities and accounting regulators will meet Chinese counterparts next week to negotiate an agreement on joint US-Chinese inspections of auditing firms in China, the US government said on Friday.
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US, Japan, Australia plan South China Sea drill
AFP
TOKYO — The US, Japanese and Australian navies will Saturday hold a joint drill in the South China Sea — most of which China claims as its maritime territory — Japan’s defence ministry said. Japan’s Maritime Self-Defence Force will send destroyer
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China’s Stocks Rise, Extending Weekly Gain, on U.S. Economy
San Francisco Chronicle
July 8 (Bloomberg) — China’s stocks rose, extending gains to a third week, as US economic data bolstered optimism the global recovery is strengthening. Poly Real Estate Group Co. led an advance for property developers after first-half sales jumped 81
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Mullen heads to China amid plans for US naval drill
AFP
As tensions in the South China Sea have mounted, the pace of ChinaUS military exchanges have also picked up, with the former US defense secretary Robert Gates meeting Chinese Defense Minister Liang Guanglie in Singapore in early June,
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Can Korea ‘hedge’ between US and China?
Korea Times
Today, pundits say Korea is pinched between the United States and China, the two global superpowers. The US is South Korea’s most important military ally, while China is South Korea’s most important economic partner. There is a feeling of entrapment
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US coach takes over China’s Xinjiang squad
AFP
BEIJING — China’s national basketball coach Robert Donewald has accepted an offer to lead the Xinjiang Flying Tigers, saying he is eager to win a championship with the Chinese professional league squad. The 41-year-old American, who once served as an
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Brazil criticizes China, US currency policy
Taipei Times
Brazilian Finance Minister Guido Mantega criticized both China and the US on Thursday for manipulating their currencies, at the expense of trading partners. “Of course, China manipulates its currency and it [would be] better that the currency could
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Mullen’s visit to draw US, China closer
China Daily
China and the US have to cooperate on both international and regional issues. To maintain sustainable and stable development, the two countries need to have mutual respect for each other’s core interests and major concerns. They need to properly handle
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Brazil attacks China, US over currency policy
AFP
PARIS — Brazilian Finance Minister Guido Mantega attacked both China and the United States on Thursday for manipulating their currencies, at the expense of trading partners. “Of course, China manipulates it’s currency and it (would be) better that the
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Heatwave in central US and brisk China demand lift corn
Financial Times
By Gregory Meyer in New York Corn markets staged a comeback as China placed big orders and and a heatwave gripped the central US. This week the US government confirmed that China, once self-sufficient in corn, had purchased at least 540000 tonnes of
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US Boldly Goes No More as China’s Space Program Takes Off
Forbes (blog)
The fast-approaching end of the US space shuttle program is about to leave America entirely dependent on its international partners to carry astronauts to and from space for the foreseeable future, just as a tenuous relationship with China—whose space
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US audit watchdog chief sees China deal early 2012
Reuters
NEW YORK (Reuters) – An agreement between the United States and China to allow joint inspections of China-based audit firms that review US-listed companies is likely to be reached by January or February 2012, the head of the main US audit watchdog
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Ex-CME Programmer to Plead Not Guilty in Code-Theft Case
Wall Street Journal
Chunlai Yang, a senior software engineer who worked at CME for 11 years, stands accused by the US government of downloading proprietary source code underlying CME’s markets, part of an alleged plan to build a new derivatives exchange in China.
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Georgina Turner: Women’s World Cup a hit everywhere but U.S.
SI.com
USA. Bars in China have been showing highlights, despite their own team’s failure to qualify. All of this is being tentatively hailed as a watershed for the women’s game. So it feels odd that in the US, where we saw the last and arguably biggest such
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Dim sum market stirs US borrowers
Reuters
N) priced a 2.3 billion yuan ($355 million) bond, its second trade in a market that is looking increasingly interesting to US corporations that do business in China. So far, only five foreign multi-nationals have tapped the dim sum market,
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Ping pong seen as way to lift Sino-US ties
China Daily
Believed to help break the ice and open the door for ChinaUS people-to-people exchanges, this Ping Pong Diplomacy laid the groundwork for President Richard Nixon’s one-week China visit in 1972 “that changed the world,” and the eventual normalization
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Companies listed in US fight claim by short sellers
China Daily
By Karen Yip, Ariel Tung and Li Xiang (China Daily) BEIJING / NEW YORK – US-listed Chinese companies are taking action to fight fraud allegations made by short sellers such as Muddy Waters Research of the US. Spreadtrum Communi-cations Co Ltd,
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China Wants ‘Economic Zones’ in the US
NewsMax.com
China is not just a country. China is a civilization, existing in isolation for thousands of years. A decade or so ago, it was reasonable to view China and the United States as opposites. Not any more. Now they are capable of cooperation as two equals.
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China approves Caterpillar acquisition of Bucyrus
Chicago Tribune
Peoria-based Caterpillar Inc., the world’s largest maker of heavy equipment, said China’s regulator had approved its acquisition of US mining equipment firm Bucyrus International, paving the way for the company to complete a deal announced in November.
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Caught between the giants
Sydney Morning Herald
It’s dangerous to pretend Australia won’t face a fateful dilemma if the USChina rivalry in the Pacific worsens. Richard Armitage instils a certain wariness. A barrel-chested US Navy veteran, he’s archetypal tough and straight-talking; not the sort to
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US car sales picking up
China Daily
By Wang Chao (China Daily) BEIJING – The Chinese car market bounced up in June after consecutive sales drops in April and May, achieving a year-on-year increase of 3.5 percent. US brands GM and Ford continue to lead the market by a double-digit growth,
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Corn-Crop Stunner for Morgan Stanley Means U.S. is Overestimating Supply
Bloomberg
China, the world’s largest consumer after the US, became a net importer last year for the first time since 1996. The USDA yesterday said China purchased 540000 metric tons from US exporters. South Korea and Egypt also have boosted purchases since
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Sudan: China, Russia and USA provided weapons or military training for bloody
Amnesty International UK
China, Russia, and the USA are among those who have provided weapons or military training to the Sudanese Armed Forces (SAF) and the Sudan People’s Liberation Army (SPLA), the official army of South Sudan, which marks its independence on Saturday 9
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An Outdated Cuba Policy
New York Times
Mauricio Claver-Carone is right that US policymakers are often boxed in on China policy due to larger US economic and global foreign policy interests (“Freedom first or business first?” Views, July 2). But China and Cuba are apples and oranges.
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One Stock That’s Working in China
Moneyshow.com
The fact remains that China and the US are interdependent economies, so it’s always important to watch what’s happening on both sides of the Pacific to understand the risks and opportunities on either side, observes Robert Hsu of China Strategy.
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KnockOutPennyStocks.com Morning Alerts: Sky Power Solutions, Smoke Free
Benzinga
Today KnockOutPennyStocks.com announces seven stocks to watch closely: (OTCBB – SPOW), Smoke Free Inotech (SFIO), China American Holdings (CAAH), ATWEC Tech (ATWT), Infinix (INIX), Freestone Resources (FSNR) and Healthnostics (HNSS).
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China’s mountain of debt, explained
GlobalPost
GlobalPost: Put this in perspective for us: How much debt does China have? Victor Shih: That depends on what you include. Large sectors of the Chinese economy are owned by the government. The debt of these state-owned enterprises is what’s called a
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Taiwan shares lifted by property plays, US econ data
Reuters
China…… Australia/NZ……… India……. OTHER MARKETS: Wall Street……….. Gold……… Currency.. Eurostocks……….. Oil……….. JP bonds… ADR Report………. LME metals.. US bonds… Stocks News US… Stocks News Europe…
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California wines making inroads in China
Western Farm Press
US wine exports to China, 90 percent from California, were $45 million in 2010, a 27 percent increase in revenues from the previous year. Mindful of China’s growing middle class and increasing taste for wine, Wine Institute conducted a virtual wine
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Temasek’s portfolio grows to record high, bullish on China
People’s Daily Online
“Please remember that China is our leading investment destination and we are still looking for opportunities there,” he said. “We are very comfortable with our positions there” and “We remain bullish on China in the long term.” (1 US dollar = 1.23
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The China factor
FXstreet.com
Together with the US, China is now setting the tone of the global economy. Slowdown. The times of double-digit growth rates in China could therefore be over – since China already had to counter-steer against an overheating economy and rein in inflation
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Shanghai Cooperation Organization Opposes US Missile Defense Plan
Voice of America
We look at Moscow’s view and the position taken by a group known as the Shanghai Cooperation Organization, which includes Russia and China. Defense system For years, Russia has been very critical of US plans for a ballistic missile defense system in
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Copper Slides Most in Two Weeks on ‘Disappointing’ U.S. Employment Report
Bloomberg
The US is the world’s largest copper consumer after China. “The market is selling off on a very disappointing jobs report,” said Adam Klopfenstein, a senior market strategist at Lind-Waldock in Chicago. “There’s a reassessment of the economic recovery
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Emerging Stock Index Rises to Two-Month High on U.S. Economy
San Francisco Chronicle
The Hang Seng China Enterprises Index of Chinese companies’ H-shares rose 0.9 percent before the release of inflation data tomorrow. Emerging-market equity funds reported a second straight week of net inflows, Citigroup Inc. said today. US employers
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How Will the World, America Look in 2050?
Christian Post
Other changes in the world forecasted for 2050 show that India will be the most populous nation, surpassing China sometime around 2025. “The US will remain exactly where it is now: in third place, with a population of 423 million, which is up from 308
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CHINA,ECUADOR : Ecuador inks US $571 million loan deal with Ex-Im bank
HydroWorld
The Government of Ecuador inked US $571 million loan deal with China’s Ex-Im bank. Ecuador will use this loan for 487MW Sopladora hydro. The loan deal came after the completion of negotiations between ministry and strategic sectors coordination
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Silicon Valley to benefit from US-South Korea trade pact
San Jose Mercury News
In 2008, the country represented about 9 percent — or $2.3 billion — of foreign trade for companies in San Jose, Sunnyvale and Santa Clara, just behind China and Japan, according to the US Department of Commerce. In addition to greatly reducing
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US, Chinese law deans collaborate on rule-of-law project
The National Law Journal
A group of law deans from the US and China are teaming up to examine how to improve legal education in both countries, and how law schools can be leveraged to improve the rule of law. Ten deans from Chinese law schools and nine deans from US law
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How Can Jeans Cost $300?
Wall Street Journal
Manufacturers hit a price floor at around $150, mainly because premium denim is manufactured primarily in the US, which can’t compete China and other nations with low labor costs. Beyond the rise, or waistband height, and leg silhouette—bootleg,
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World markets higher on improving US jobs data
The Associated Press
Oil prices hovered below $99 a barrel in Asia amid signs of a strengthening US economy. In currencies, the dollar was higher against the euro but dropped against the yen. Japan’s Nikkei 225 gained 0.7 percent to close at 10137.73, while China’s
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Peter Orszag: What the price of water in China means to you
Stamford Advocate
So the most promising way to price water — in China as well as in the US and elsewhere — would be to provide, at no cost, a base amount per day for normal activities, such as cooking and cleaning, and then charge for water used above that threshold
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Recalls this week: Candleholders, ball gloves,
Deseret News
The building sets were made in China. US Consumer Product Safety Commission, Associated Press In this product image provided by the US Consumer Product Safety Commission, samples of Edushape Ltd. mini stars building sets are shown.
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