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U.S. China News 2011.07.11

Mon, July 11, 2011

China Aiming High in Space as US Shuttle Program Winds Down
Fox News
“It has been always hard for humankind to march into space and China must learn the lessons from the USChina is not the only country aiming high in space. Russia has talked about building a base on the moon and a possible mission to Mars but hasn’t
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Yuan Forwards Drop on Signs of China Slowdown, U.S. Jobs Data
San Francisco Chronicle
July 11 (Bloomberg) — Yuan forwards declined the most in three weeks on signs economic growth in China is slowing and a recovery in the US is losing momentum, deterring policy makers from allowing appreciation that may hurt exports.
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OIL FUTURES: Crude Falls On Worries Of Weak US, China Oil Demand
Wall Street Journal
Analysts said the latest data from China and the US could undermine the recent recovery in crude prices, which have been battered since early May due to an increase in supplies by Saudi Arabia and release of emergency stockpiles by the 28-member
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Burson-Marsteller Launches New U.S.China Specialty Led By Daisy King
MarketWatch (press release)
King will lead a new China-focused specialty group as a Managing Director in the firm’s US Corporate Practice, reporting to Practice Chair Jason Schechter. “We look forward to tapping into Daisy’s years of experience in the critical Chinese marketplace
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Pakistan turns to China as the US announces $800 million aid cuts
International Business Times
By Anissa Haddadi | July 11, 2011 11:05 AM GMT Pakistan’s increasingly “close and effective defence ties” with China will allow Islamabad to “fill the gap” arising from the prospect of reduced military aid from the United States, a Pakistani official
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ChinaUS trade surplus widens
China Daily
By Zhong Nan (China Daily) BEIJING – China’s trade surplus with the United States hit a four-month high in June, a jump analyst said may add pressure to the over appreciation of the yuan. Trade between China and the US grew by 11 percent year-on-year
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China’s U.S.-listed stocks are junk
MarketWatch
Why is it the once-prestigious US stock exchanges appear to have listed so much mainland junk? It used to be only the best of China’s companies got to list in the US While failures by regulators and bankers will need to be examined, there is a more
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Singapore Stocks-Down at midday on weak China, US data
Reuters
By Charmian Kok SINGAPORE, July 11 (Reuters) – Singapore shares sank 0.7 percent by the midday break on Monday, in line with other Asian bourses, as a string of weak economic data from China and the United States renewed concerns over global growth and
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Disagreement on deficit cuts…Syrian crackdown…China calls for less US
9&10 News
BEIJING (AP) — China’s top general says the United States should cut back on military spending for the sake of its taxpayers. And he’s downplaying his own country’s military capabilities. During a joint news conference in Beijing with the visiting US
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Italy, Weak US Jobs and China CPI adding Downside Pressure
FXstreet.com
by Easy Forex Team – Easy Forex | View company’s profile US Dollar Trading (US) markets opened negative on Monday as Chinese inflation data added to the weak lead from the June NonFarm Payrolls on Friday. The USD gained on the back of safe haven demand
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Chamber vital in China, US dialogue
China Daily
The organization was vocal in advocating China’s entry into the World Trade Organization, and is influential in setting the agenda on some of the key consultation mechanisms between Washington and Beijing, notably the ChinaUS Strategic and Economic
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China would want to maintain equitable relation with US, says Lee Kuan Yew
Channel News Asia
Because we have been developed in different ways, in different systems,” said Mr Lee. Mr Lee said ASEAN will have more strength if the countries bargain collectively, rather than individually, with China, US or Japan.
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Starwood Hotels Around the World Roll out the Welcome Mat for Millions of New
MarketWatch (press release)
“As Chinese travelers begin to travel beyond their borders en masse, they, like their Western counterparts before them, will gravitate to the hotel brands they know from home, and with Starwood’s leading footprint in China, this gives us a great
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Pessimism returns to US, Europe and China
FXstreet.com
US employment data on Thursday was very positive with both ADP employment change and initial jobless claims outperforming expectations. However, US Non-farm payrolls data disappointed on Friday showing that 18000 new jobs were created, way below the
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Time for the United States to Learn from China
Council on Foreign Relations (blog)
This entry was posted on Monday, July 11th, 2011 at 12:38 pm and is filed under China, Trade, USChina Relations. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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LIVESTOCK-Hogs up limit on talk China buys pork
Reuters
By Bob Burgdorfer CHICAGO, July 11 (Reuters) – US hog futures rose their 3-cent daily limit Monday on widespread talk that China bought a large amount of US pork as that country works to control food inflation, Chicago traders said.
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Asian markets lower weighed by US and China data
FXstreet.com
FXstreet.com (Barcelona) – Asian markets have opened the week on a negative tone, with investors sentiment weighed by downbeat employment data in the US and worsened by resilient inflation in China. In Forex markets, Euro and Pound dipped against the
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Shares slide as economy worries resurface; euro
Reuters
By Saikat Chatterjee HONG KONG (Reuters) – Asian stocks were on the backfoot on Monday as a spate of weak economic data from China and the US renewed concerns about the health of the global economy while the euro looked vulnerable before an emergency
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Nikkei hurt by US data but 10000 line holds before earnings
Reuters
The market avoided any broad sell-off in the Nikkei, though it is still down 3.5 percent since the March 11 earthquake, with some investors saying inflation in China may have passed its peak and others awaiting the start if US corporate earnings
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US stocks seen opening lower on Monday
Reuters
Indonesian villagers who accused Exxon Mobil Corp’s security forces of murder, torture and other atrocities have regained their right to sue the giant oil company in the United States. * Dana Holding Corp eyes massive growth in China.
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Global Sources opens first China Sourcing Fairs in Miami, helping China
MarketWatch (press release)
All six concurrent events make it more convenient for buyers from the USA, Canada and Latin America to meet face-to-face with quality manufacturers from China. Jointly organized with China’s Trade Development Bureau, the country’s trade promotion arm
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Stock Market
BusinessWorld Online
US markets fell last Friday, with the blue-chip Dow Jones industrial average dropping by 0.5% or 62.29 points to 12657.20. Mr. Calaycay said the latest data from China and the US did not augur well for global growth, noting that “China’s demand over
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JCI Slips From High as China, US Gloom Hits Stocks
Jakarta Globe
Indonesian stocks fell from a record high on concern over the pace of global economic growth after the US reported disappointing employment data and China’s inflation kept accelerating. The Jakarta Composite Index slipped 8.10 points, or 0.2 percent,
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Biden to tell China no F-16s for Taiwan: report
Taipei Times
While China is expected to go through the motions and make a solemn protest, few believe that it would result in the renewed suspension of military exchanges between the US and China, as happened following the announcement by Washington of a US$6.4
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US-Hawaii-China connection explored
China Daily
By Donald E. Eads (chinadaily.com.cn) I have been taking philosophy classes since the 1960’s, which ultimately led me to get a BA in Religious Studies/Philosophy and a MA in ChinaUS Relations at the University of Hawaii at Hilo (UHH), where I first
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China vs. US: Which is the developing country?
China Daily
Given China’s modern infrastructure, wise leadership, sound financial position and compelling five-year plans, it is time for the US to wake up and make big changes to put the US back on track, said Robert J. Herbold, the former chief operating officer
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Tapping more local potential
China Daily
By Wu Chusheng (China Daily) Under the co-sponsorship of the Chinese People’s Association for Friendship with Foreign Countries and the United States National Governors Association, the first ChinaUS Governors Forum is due to be convened in Salt Lake
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Asian stocks slip on US and China data
India Infoline.com
China’s consumer prices climbed to 6.4% in June, the statistics bureau said on July 9. That exceeded the previous month’s 5.5% and the government’s full-year target of 4%. Fears about health of the US economy were sparked by a dismal monthly jobs
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Gold Up, Silver Stumbles On Debt Woes & China’s Inflation Signals
Barron’s (blog)
But after overcoming much of the sour news out of China and a rising US dollar — which are combining to help hold back silver prices — the yellow metal stumbled. It’s still up by about 0.3%, however. GLD shot up in pre-markets and opened higher on
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Aussie, N.Z. Dollars Fall on China Inflation, Europe Debt Woes
San Francisco Chronicle
The New Zealand dollar snapped three days of gains versus the greenback as stocks and commodities slumped after reports showed the US unemployment rate rose for a third month. “Fears of a possible slowdown in China and also the US are spurring risk
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Asia Stocks Drop, Led by Exporters, as U.S. Joblessness Unexpectedly Jumps
Bloomberg
China’s Shanghai Composite Index gained 0.2 percent, erasing losses of as much as 0.6 percent, on speculation inflation is peaking. Australia’s S&P/ASX 200 Index sank 1.6 percent after Prime Minister Julia Gillard said yesterday polluters in Australia
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China Trade Mission Yields $23 M In Sales For Wallingford Firm
Hartford Courant
But the invitation that the Connecticut company issued was challenged by the US consular officers in China, and so the Fuxing executives weren’t offered visas in December 2010. US Rep. Rosa DeLauro intervened, and State Department officials in China
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Ascletis Names Allan Baxter, PhD, Former GlaxoSmithKline Global Head of
MarketWatch (press release)
RESEARCH TRIANGLE PARK, NC & HANGZHOU, China, Jul 11, 2011 (BUSINESS WIRE) — Ascletis, Inc., a USChina pharmaceutical company developing important medicines for cancer and infectious diseases, today announced the appointment of Allan Baxter,
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China Wants It’s Own City in Idaho
Rapid News Network
If this event and more like it occur, what happens if the relationship between China and the US goes south someday? It will be devastatingly regretful to know that so many doors were opened for China. Thomas is an avid outsourcing advocate and pushes
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You are here:Home
Business Recorder
SINGAPORE: Chicago corn and wheat futures slid on Monday as weak economic data from China and the United States weighed, following last week’s gains that were led by strong physical demand. Asian stocks were on the backfoot as the weak economic data
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US, World Markets Down on Italian Debt Fears, Chinese Inflation
Ticker Magazine
Most Asian markets slumped after China”s annual inflation soared to 6.4%, the fastest growth in three years fueled by surging food prices. Separately, Chinese trade surplus rose to $22.3 billion in June, from $13.1 billion in May.
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China’s farmers struggle even as food prices rise
Bellingham Herald
Still, with global food prices rising, particularly in China’s cities, conventional wisdom had it that Chinese growers must be enjoying a windfall. After all, some US farmers are profiting handsomely selling pork, soybeans, nuts and other agricultural
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Venezuela to receive 4 billion US dollar loan from China
Caspionet
According to Associated Press, Venezuelan President Hugo Chavez announced on Saturday that Caracas would receive a loan worth 4 billion US dollars from China. Chavez announced Venezuela is to get a 4 billion US dollar loan from China.
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DHS Claims Foreign Suppliers Have Embedded Malware in US Electronics
eWeek
This is a change from the language in the USChina Economic and Security Review Commission staff report. The possibility of unknown parties maliciously tampering with electronics components has been “largely theoretical,” the report said.
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The U.S. Economy Does Not Turn on a Dime
Seeking Alpha
This was an encouragement following the May-June period when, aside from the European situation, economic data was weakening in the US, China and Japan. Fortunately, on June 29th, Japan had just announced that Industrial Production for May had jumped
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Prestowitz: Where the jobs went
Foreign Policy
But if the decision of the state of California to have the main structural elements of the Oakland Bay Bridge made in China is a harbinger of things to come, then an Infrastructure Bank is likely to create more jobs in Asia than in the United States.
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China says US spends too much on military
Newsday (subscription)
Click here China says US spends too much money on military Originally published: July 10, 2011 11:58 PM Updated: July 11, 2011 6:09 AM By The Associated Press ALEXA OLESEN (Associated Press) (AP) — The United States is spending too much on its
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