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U.S. China News 2011.07.09

Sat, July 9, 2011

Top U.S. military officer heads to China for visit
Mullen’s visit to China is the first by a chairman of the Joint Chiefs since his predecessor, General Peter Pace, went there in 2007. Mullen’s last visit to China also was in 2007, when he Chief of Naval Operations. USChina military ties were severed
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China accepts two US applications
“We will not investigate or shut down the Web sites that have submitted their applications and are under examination,” the State Bureau of Surveying and Mapping said, China Daily reported Saturday. The statement referred to companies that had submitted
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China’s Yao Ming ‘to retire from US basketball’
BBC News
Analysts say Yao had a large international impact on the game and was a driving force behind the NBA establishing a China venture in 2007. Basketball legend Shaquille O’Neal posted a video on his Twitter account, congratulating him on his career.
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Democrats to force China currency manipulation vote as way to create U.S. jobs
Democrats are trying to show the American people they are still focused on job creation by forcing a vote on legislation that would end China’s currency manipulation. This week, Democrats signed a discharge petition to bring up The Currency Reform for
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China Inflation Surging Past 6% Poses Growth Challenge for Wen
Chan also discusses Europe’s sovereign debt crisis and the US economy. He speaks with Rishaad Salamat on Bloomberg Television’s “On the Move Asia.” (Source: Bloomberg) China’s inflation accelerated to the fastest pace in three years, highlighting the
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US Boldly Goes No More as China’s Space Program Takes Off
China Digital Times
The station will accommodate a three-person crew, and will be roughly the size of NASA’s Skylab, the first US space station …. China’s civil space projects include not only the space station and the manned Shenzhou capsules that will carry its
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Allen says China owns more U.S. bonds than Americans
China owns more of our bonds than do Americans,” Allen said in a July 2 interview with the NBC 29 television station in Charlottesville. “That’s not a good position to be in.” Are China’s holdings of US government debt larger than the amount Americans
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Hopeful Dalai Lama welcomes young monk to US
The New Age Online
The Dalai Lama voiced optimism Saturday that China will reform and allow greater freedoms as he welcomed a young potential spiritual successor before thousands of well-wishers in Washington. Addressing the packed West Lawn of the US Capitol near where
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When ‘the little ball moved the big ball’ four decades ago
Los Angeles Times
Boggan, 80, thinks too much gets made of the matches credited with thawing USChina relations. And yet, something about Boggan’s personal interaction with the Chinese diplomat has stuck with him all those years. Experts, diplomats and table tennis
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US grain and soy review: Corn climbs on demand, weather concerns
US corn futures rallied Friday, driven by concerns about weather reducing crop yield potential and improved demand outlooks following purchases from China. The market climbed to a one-week high, continuing to rebuild risk premium in the market amid the
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Renewable energy tops nuclear power in the US
Ars Technica
Led by China’s renewable push, the world is now on a trajectory that will see its investments in renewable electricity surpass those in fossil fuels within a year or two. As a result of these investments, the US is now producing more renewable energy
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Title favourites go head to head
At the 2007 edition in China, the US Girls were comprehensively beaten to a place in the Final by A Seleção, but were able to exact revenge in the final of the Olympic Football Tournament a year later in Beijing, where the Americans won 1-0 after extra
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China top grain trader slams USDA on corn data
China’s top grain trader, Cofco Ltd., has criticized the US Department of Agriculture over a recent report on corn acreage that sent prices plummeting last week. On June 30, the USDA forecast that 92.3 million acres will be planted this year in the US,
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It’s A Fantasy If You Think China Is Immune To A Catastrophic Debt Crisis
Business Insider
Yes it’s all about debt, but China has enormous debt too. The good news is, however, that China is not Greece. Like the United States and the United Kingdom, China has its own currency, and ultimately they can print money to bailout everyone.
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US, China, Germany, Egypt, Armenia recognize South Sudan independence
China, Germany, Egypt, Armenia followed the US suit in recognizing the independence of the republic. According to Armenian Foreign Minister Edward Nalbandian, proclamation of South Sudan independence illustrates the principle of peoples’ right for
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Asian Stocks Gain for Third Week on Economy, Easing Europe Worry
By Jonathan Burgos and Shani Raja – Sat Jul 09 01:46:46 GMT 2011 Asian stocks rose for a third week as exporters and energy producers gained amid easing concern over Europe’s debt crisis and the US economic slowdown and after China raised interest
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Huawei seeks help from the US FCC
China Daily
By Todd Shields (China Daily) Washington – Huawei Technologies Co, China’s largest maker of networking equipment, asked the US Federal Communications Commission (FCC) to help it sell equipment to states and localities building high-speed emergency
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Henry Kissinger’s ode to China
Times of India
Ever since his secret trip to Beijing 40 years ago opened the way to USChina normalisation, Henry Kissinger has emerged as one of the world’s most prominent diplomatic commentators on the inscrutable Middle Kingdom. His much-anticipated book, On China
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MAC minister: US supports Ma’s cross-strait policy
Radio Taiwan International
Lai said during meetings, she felt that the US is confident about Taiwan’s cross-strait policy. Lai said the US recognizes President Ma’s efforts over the past three years to improve relations with Mainland China. She also said better cross-strait
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China Recognizes Independence of South Sudan
China Digital Times
Princeton Lyman, the US special envoy on Sudan, repeated that the United States opposed foreign travel by Bashir but credited China’s message on south Sudan, which is set to become independent on July 9 after decades of bloodshed.
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US charges Chinese woman on Pakistan exports
The Express Tribune
“Following that denial, Wang and her co-conspirators agreed upon a scheme to export and re-export the high-performance epoxy coatings from the United States to Chashma II, via a third-party distributor in People’s Republic of China,” a Justice
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China passes Japan on Global 500 list
8 and China National Petroleum at No. 10. reported Saturday Japan came in third with 68 companies on the list. The United States, however, has been losing ground. US companies on the Fortune Global 500 peaked at 192 in 2002,
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Pinoys in US protest Chinese ‘bullying’
While the group’s anti-China protest appears fueled by genuine nationalistic fervor, other Fil-Ams in the Metro DC area have quietly expressed concern that it may wrinkle relations in the Asian American community that is dominated by the Chinese.
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Yihaodian may opt for initial public offering in the US
China Daily
By Michael Wei (China Daily) BEIJING – Yihaodian, the online supermarket whose investors include Wal-Mart Stores Inc, may choose the United States for an initial public offering as it expands to challenge Chinese rivals including Alibaba Group Holding
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Tim Burga: Free-trade deals would be costly to US
Columbus Dispatch
Unfortunately, the Korean, Colombian and Panamanian free-trade deals before Congress do not address the fundamental policy failures of the North American Free Trade Agreement and China’s inclusion into “favored nation status,” which has led to
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The China Syndrome
Motley Fool
China’s problems remind us all that we must remain vigilant about shareholder-rights issues right here at home. Check back at every Wednesday and Friday for Alyce Lomax’s columns on environmental, social, and governance issues.
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McCormick expanding into emerging markets
Baltimore Sun
US companies have a long history of going global, but with varying degrees of success. KFC Corp. has found wild popularity in China, where it offers a menu that combines American fried chicken with Chinese staples such as shrimp burgers and the rice
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CHINA: The Growing Enemy Within
Strategy Page
American diplomats have been active in supporting talks between China and neighboring nations over these disputes. While the US calls for peaceful resolution, this American participation makes it clear that US diplomats are backed up by the US military
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Incentives and Debt in China
Global Economic Intersection
Since the US spent much of the past decade experiencing an unsustainable increase in debt to finance consumption, most of the market assumes that this is the only way it can happen. Since we aren’t seeing consumer financing in China, then there cannot
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China’s government is restrictive
Escanaba Daily Press
She graduated from Harvard with a degree in American history and literature in 2009. In February 2010, Brittney moved to Shenzhen, China, to work with Chinese students applying to US universities. In July 2010, she moved to Hangzhou, China,
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US Official:Optimistic On Reaching Debt Limit Pact In Short Period
“All sides now understand the importance, I believe the Congress will do something, and the president will sign something,” David Dollar, Treasury economic and financial emissary to China, told a forum in Beijing. The US will reach its $14.29 trillion
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Up, up and away
Sydney Morning Herald
”More than 50 nations design, deploy, own or operate satellites without US involvement. ”China and Brazil, for example, have been co-developing earth observation satellites for years. Japan and China have mapped the moon in considerable detail.
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Rampant Unemployment = The Death Of The Middle Class – 40 Facts That Prove The
#18 In 2010, South Korea exported 12 times as many automobiles, trucks and parts to us as we exported to them. #19 The United States now spends more than 4 dollars on goods and services from China for every one dollar that China spends on goods and
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Mutual fund managers invest in emerging markets
(Indranil Mukherjee/AFP/Getty Images) Tess Vigeland: Amid all the talk about raising the debt ceiling, you may hear some jokes about how China owns the United States. So how about owning a little bit of China? Mutual fund managers are looking for more
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HiSoft Acquires U.S.-based IT Consulting Firm, Nouveon Technology Partners, Inc.
PR Newswire (press release)
BEIJING, July 8, 2011 /PRNewswire-FirstCall/ — HiSoft Technology International Limited, (“HiSoft” or the “Company”) (NASDAQ: HSFT), a leading China-based provider of outsourced information technology and research and development services headquartered
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US Congress takes a stand supporting Israel, flotilla migrates from sea to air
Friday is the fifth time in nine months that interest rates in China have been increased. In other words, China has a housing bubble very similar to the one in the US that recently exploded. And when it finally blows, it’s going to be ugly.
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NYMEX-Crude falls 2.5 pct on jobs data, demand woes
[ID:nL6E7180W1] * China’s annual inflation is expected to be pegged at 6.3 percent in June, up from 5.5 percent in May, when figures are released on Saturday, according to a poll of 28 economists. Annual GDP growth in the second quarter may have eased
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June an Expensive Loss Month Around the Globe
Catastrophe losses in June cost US insurers at least a quarter billion dollars, and China suffered more than $5 billion in economic loss. In its Monthly Catastrophe Recap Report, Aon Benfield says that during the period of June 1-10, insurers in the
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Grand Old Doves?
The Weekly Standard
Stop deterring China, North Korea, or Iran? Stop patrolling the Persian Gulf through which much of the world’s oil flows? Stop fighting cyberattacks emanating from China and Russia? Stop developing missile defenses to protect the American homeland?
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Congressional hearing: Counterfeit products from China, from computer chips to
Houston Chronicle (blog)
Brian Toohey, president of the Semiconductor Industry Association, said counterfeit computer chips have become harder to identify with the result that 15 percent of the microchips the US military purchased in 2010 were counterfeits from China.
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Why Foreign Carmakers Should Be Happy About Slowing Growth in China
BNET (blog)
Western automakers have been treating China’s market as a gold rush. And who can blame them? China has passed the US as the world’s largest car market, and the country seemingly has nowhere to go but up, up, up: there are only 50 passenger vehicles
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Bank of Japan, China data in Asia focus
The won surged close to a three-year high against the US dollar on Friday. A stronger currency has a tightening effect. China will release its second-quarter growth figures on Wednesday, as well as June data for retail sales, fixed-asset investment and
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Manchin talks defense, debt
Martinsburg Journal
The turning point for Manchin’s view of the occupation of Afghanistan, however, came on his most recent trip to the Middle East when he saw that China is profiting more from the US military’s presence than any other country.
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