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U.S. China News 2011.07.12

Tue, July 12, 2011

United States Should Stay Out of the South China Sea Disputes
CHINA US Focus (Fred S. Teng)
The wave of tensions in the South China Sea has escalated sharply in recent weeks, and it didn’t help when the United States openly encouraged the Philippines and Vietnam to take more provocative actions …
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Mistrust Remains as U.S. and China Rebuild Military Ties
TIME (blog)
Military relations between the US and China are a glaring weak spot in bilateral ties, something Admiral Mike Mullen, chairman of the US Joint Chiefs of Staff, said he hoped to improve during a trip to China this week. His visit was the first by the
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American Superconductor in China turbulence
Financial Times
American Superconductor missed two deadlines for filing its 2010 annual earnings report to regulators as the company assesses the impact of the Sinovel dispute. But there are also doubts about whether Sinovel is capable of sourcing in China all the
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US divers believe they can compete with China stars in home pool during world
Washington Post
By AP, SHANGHAI — American diver David Boudia believes the US team can challenge China’s stars for gold medals in their home pool at the world aquatic championships starting this week in Shanghai. The US has struggled to keep pace with China since the
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Ethanol, China keep US corn supply tight
Reuters Africa
By Charles Abbott WASHINGTON, July 12 (Reuters) – US corn stocks will languish near 15-year lows for longer than expected as ethanol plants overtake livestock as the biggest consumers of the feed grain and China buys more American corn, according to
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U.S. Cleantech Startups to Transform China ‘Threat’ Into Opportunity
Reuters
Corne, who is based in Shanghai, spoke to SolveClimate News from San Francisco before participating in a USChina cleantech conference there in late May. The lawyer advises clients considering partnerships in China. “It is not so easy to get funding
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Starwood Hotels May Consider Listing in China as Industry Overtakes U.S.
Bloomberg
China may eventually pass the US as a hotel market, he said, where 90 hotels, or 30 percent of Starwood’s pipeline of 300 properties, are under construction in cities including Nanhai and Foshan. Global companies ranging from Coca-Cola Co. to HSBC
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US trade deficit grows to 31-month high
AHN | All Headline News
US companies imported $32.8 billion worth of goods and services from China, but only exported $7.8 billion in goods and services to China. Overall US companies imported more in May with imports rising by 2.6 percent to $225.1 billion.
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Can US management stay ahead of China, India?
Christian Science Monitor
Even though the US has world-class firms, like Hewlett-Packard and General Electric, overall management in the US is worse than in India and China, write guest bloggers Nicholas Bloom and Rebecca Homkes. By Nicholas Bloom, Rebecca Homkes / July 12,
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China questions US sea military drills
UPI.com
BEIJING, July 12 (UPI) — China rapped the United States for holding military drills in the South China Sea, where Beijing and neighboring nations are feuding over territorial rights. “We can address [the dispute] through dialogues and diplomatic
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Pak to lean on China to make up US military aid gap
Hindustan Times
Pakistan’s increasingly “close and effective defense 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 has said. The Obama administration has suspended
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China’s space programme flourishes while the United States flounders
Wired.co.uk
By Mark Brown As America’s space exploration plans come to an unceremonious standstill, global superpower China is looking to the skies, and to the Moon. The country has historically lagged behind other space pioneers. After the United States and
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Ex-TPG Star Shan Nets US$1.7B For China-Focused P.E. Fund
FINalternatives
The US$7 billion firm runs private equity, hedge fund and real-estate strategies. Shan has focused on fundraising for the new Pan-Asia, China-focused pe fund since November. Jong Kong-based PAG said today that it hopes to raise a total of US$2.5
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US urged to pay attention to cross-strait military imbalance
Focus Taiwan News Channel
There is therefore no need for Taiwan to receive advance notice of every exchange between the US and China.” However, Lo said that Taiwan will seek to obtain the details of Admiral Mullen’s meetings with Chinese officials after he concludes his
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Analysis: China metals curbs may end up boosting smelting
Reuters
The world’s biggest steel producer, China made a record 627 million tonnes of crude steel in 2010 to fuel a booming economy, next in size only to the United States. Based on China’s daily steel output average of more than 2 million tonnes toward the
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China Downplays Global Fears On Its First Aircraft Carrier
International Business Times
According to the China Daily, Chen Bingde, chief of the People’s Liberation Army General Staff, told the United States top military chief Admiral Mike Mullen, who is visiting China, that the Varyag was “very valuable for us to research these things.
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Worrying Talk of Renewed North Korea-China Military Alliance
Worldmeets.us
“The political situation is rapidly developing into a confrontation pitting a southern bloc led by the United States against a northern bloc led by China. Increased South Korean participation in the southern bloc will lead Pyongyang and Beijing to band
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China says piracy problem not “extremely serious”
Reuters
Chinese piracy and counterfeiting of US software and a wide range of other intellectual property cost American businesses alone an estimated $48 billion and 2.1 million jobs in 2009, the US International Trade Commission said in May.
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Oil drops on signs China, US fuel demand may slow
gulfnews.com
Futures slipped as much as 0.9 per cent after China’s net oil imports shrank 10 per cent in June to the lowest in eight months, according to Bloomberg calculations based on General Administration of Customs data released on Sunday.
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US Agencies Scoop Up Digital Talent From China
ClickZ News
Her duties will include boosting McCann’s digital capabilities in the US How do Chinese employees differ? “We are very familiar with transformational change,” says Lam. “Until the mid-90s my family in mainland China shared one phone with all their
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China Yuan At Two-Week Low On PBOC Fixing, Euro Weakness
Wall Street Journal
SHANGHAI (Dow Jones)–China’s yuan fell to a two-week low against the US dollar late Tuesday, after the Chinese central bank guided its currency lower and as the euro continued to lose ground against the dollar in Asian trade. On the over-the-counter
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HK Shares End Lower On Europe, US Concerns, Moody’s Report
Wall Street Journal
high-yield Chinese stocks after trading in shares of several US-, Canada- and Hong Kong-listed Chinese companies has been suspended amid allegations of accounting irregularities and other improprieties. West China Cement, which had 12 flags,
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Text:US EIA Jul Outlk: Lwrs 2011 Oil Demand,Price Forecasts -1
IMarketnews.com
The greatest increases in non-OPEC oil production during 2011 occur in Canada (170 thousand bbl/d), China (140 thousand bbl/d), the United States (140 thousand bbl/d), Brazil (120 thousand bbl/d), and Colombia (120 thousand bbl/d).
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Don’t blame China’s currency for its trade surplus
Fortune
And the figures, released by China’s government earlier this week, could boost pressure on Beijing from the US and other countries to let the yuan appreciate faster. Although China’s currency has generally helped the country sell goods and services
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Listing & Delisting Through The Eyes of A Homegrown Chinese Enterpreneur
Business Insider
Over the past year, US-listed Chinese stocks have been thrown into a credit crisis amid a series of financial frauds. Many were suspended and delisted. The president of a delisted high-tech firm in northern China, who prefers to remain anonymous,
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Analysis: China’s push for more hydropower tests limits
Reuters
China says it has exploited just a third of its total hydropower reserves, compared to more than 80 percent in the United States and Japan. But its hydropower capacity at the end of last year stood at 213.4 gigawatts, the highest in the world.
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Gymnast wins major deal
China Daily
The three insurance firms had previously paid Sang only for fees incurred in the US and not in China after she was paralyzed during a vault warm-up on July 21, 1998, at the Goodwill Games in New York. In the deal, the three insurers agreed to give an
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All roads lead to China: Rudd
ABC Online
To highlight the rapid growth and transition taking place, Mr Rudd unveiled a chart which revealed China and Australia’s economies were roughly the same in 1990 with US $390 billion and US $327 billion respectively. Fast forward to 2011 and China’s
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Bulldog swim coach Bauerle to lead US at World Championships
Red and Black
By Georgia Sports Communications on July 12, 2011 Bauerle has been elevated to head coach for the United States women’s team at the FINA World Championships in Shanghai, China, July 24-31. Earlier, it was announced Bauerle would serve as an assistant
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WTO finds for Vietnam in US shrimp dumping case
Los Angeles Times
Zeroing, which is used by the US Department of Commerce and can be applied to a variety of goods, has been widely condemned by other countries. The European Union, China, India, Japan and Mexico declared an interest in Vietnam’s case — taken to the
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SunSi Initiates Application Process to Up-list to American Stock Exchange
MarketWatch (press release)
US-based SunSi controls approximately 47000 metric tons of TCS production in China. TCS is a chemical primarily used in the production of polysilicon, which is an essential raw material in the production of solar cells for PV panels that convert
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India’s $3 Billion Wind Market to Slump as Tax Break Nears End
Bloomberg
By Natalie Obiko Pearson – Tue Jul 12 15:24:27 GMT 2011 Ending a federal tax break for wind farms in India, the largest market for turbines after China and the US, would cause a $540 million drop in demand just as suppliers including General Electric
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Why China’s Growth Will Hit a Wall
Moneyshow.com
When will China overtake the United States as the world’s largest economy? That question is getting a lot of attention right now. At current growth rates, the Chinese economy will catch the US economy around 2016 if you measure purchasing-power parity
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U.S. livestock review: China buying boost cattle
CattleNetwork.com
Higher pork buying by China could lead to tighter supply of meat and protein generally, analysts say, while further boosting US meat exports, which are more lucrative for meat packers than domestic sales. Initial asking prices for cattle in the Texas
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China Metro-Rural Holdings Limited Annual Review 2011
MarketWatch (press release)
[G] The US dollars equivalents of the figures shown above have been translated at HK$7.80 to US$1.0. ABOUT CHINA METRO-RURAL HOLDINGS LIMITED China Metro-Rural Holdings Limited is one of the leading developers and operators of large scale,
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Kobe Bryant: Why the L.A. Lakers Star Is so Big in China
Bleacher Report
Bryant’s goodwill and good-natured attempts to bridge the gap between China and the US make him a natural target for the Chinese public’s affection. Through brand appeal and great marketing, Kobe Bryant can be seen all across Chinese airwaves.
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Wider US Trade Deficit Helps Dollar Pare Gains
Business Insider
It is also not often appreciated that the US services foreign demand not so much by exporting, though it is the world’s third largest exporter behind China and Germany. The main way the US services demand is to produce locally and sell locally.
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China Power Equipment to Present at the 2011 Global Hunter Securities
MarketWatch (press release)
While in the US, the management will also meet with investors from July 16 to July 19 on the west coast and from July 20 to July 23 on the east coast. Please contact Ms. Nicole Chen to arrange a possible meeting with the Company. China Power Equipment
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China says US spends too much on its military
Newsday (subscription)
Click here China says US spends too much on its military Originally published: July 12, 2011 2:18 AM Updated: July 12, 4089 11:18 AM By breaking Global Post The US is spending too much on its military “in light of its recent economic troubles,” and
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Lentuo International Announces Letter of Intent to Acquire Audi Dealership
PR Newswire (press release)
“This acquisition will expand our geographic footprint into one of China’s most affluent provinces and better position us to serve the nation’s thriving luxury car market. We continue to seek growth opportunities that provide us with entry into China’s
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Corn ending stocks projected higher, prices to fall
Dairy Herd Management
Corn exports are lowered 0.5 million tons for Canada and 0.2 million tons each for Mexico and Russia, partly offsetting the US increase. Global corn consumption is raised 5.9 million tons with higher expected feeding in China, the United States,
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Clinton to address world economy in Hong Kong
AFP
The world’s two largest economies, the United States and China, have been at odds over exchange rates, with Washington urging Beijing to let China’s currency, the yuan, appreciate. The US economy suffers from a huge trade deficit with China to the tune
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ANALYSIS:US May Trade Bal -$50.2B;Impts +$5.6B, Expts -$1B
IMarketnews.com
Unadjusted May balances by country included: China -$25 billion after -$21.6 billion in April, Japan -$2.6 billion after -$3.6 billion, and OPEC -$11.3 billion after -$9.6 billion as imports from OPEC surged to their highest since October 2008.
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China considers shale gas production
UPI.com
While US shale natural gas deposits are usually found at depths of 1 to 2 miles, in China, some of the key areas in the Sichuan and Tarim basins, which have the greatest potential for shale gas are found at depths of 2 to 4 miles, adding to well costs.
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Trade Deficit of U.S. Unexpectedly Surges on Increase in Crude-Oil Imports
Bloomberg
Imports from Japan dropped by $500 million to $8.3, narrowing the US trade gap with the Asian nation to $2.6 billion from $3.6 billion. The trade gap with China, on the other hand, climbed to $25 billion from $21.6 billion in April.
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