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U.S. China News 2011.07.14

Sat, July 16, 2011

China says hopes US govt protects investor interests
Reuters
“We hope that the US government adopts responsible policies and measures to guarantee the interests of investors,” ministry spokesman Hong Lei said at a regular news briefing in Beijing, when asked about the Moody’s report. China, the United States
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Yum! Focuses on China at U.S. Expense
TheStreet.com
Brands'(YUM) handily beat expectations thanks to strong sales growth in China, but a closer look at the restaurant operator’s quarterly report revealed worrisome declines in the US and other established western markets. Pizza Hut same-store sales
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Researcher: China worried about US economy
The Associated Press
BEIJING (AP) — China is watching whether the Federal Reserve launches a new stimulus that might hurt China by pushing up commodity prices, a Cabinet researcher said Thursday. The US economy “has been doing worse than expected” and Beijing needs to
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Has China replaced the US as superpower?
GlobalPost (blog)
“This view is especially widespread in Western Europe, where at least six-in-ten in France (72%), Spain (67%), Britain (65%) and Germany (61%) see China overtaking the US” Nearly half of Europeans polled already see China as the world’s dominant
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Dalai Lama can be a constructive partner for China: US
Economic Times
WASHINGTON: The US believes that Tibetan spiritual leader the Dalai Lama can be a constructive partner for China, particularly as it deals with the challenge of resolving continuing tensions in areas around Tibet, a Obama Administration official has
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To improve relations, US must respect China’s core interests
People’s Daily Online
Admiral Mike Mullen, chairman of the US Joint Chiefs of Staff, recently visited China. This visit is a response to top Chinese General Chen Bingde’s visit to the United States in May 2011. ChinaUS relations have rebounded thanks to joint efforts from
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China Stocks Rise as Commodities Gain on Possible U.S. Stimulus
San Francisco Chronicle
July 14 (Bloomberg) — China’s stocks rose for a second day, led by commodity producers, after US Federal Reserve Chairman Ben S. Bernanke said he is prepared to provide additional stimulus to boost the economy. Zijin Mining Group Co., the nation’s
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China To US: Raise the Debt Ceiling
ABC News (blog)
China has publicly joined calls for the US to get its financial house in order. “We hope that the US government adopts responsible policies and measures to guarantee the interests of investors,” Hong Lei, a Foreign Ministry spokesman, said Thursday,
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USChina military ties still a work in progress
MiamiHerald.com
Across the broader region, tensions between Beijing and other American allies, such as Japan and South Korea, also have continued to rise. China bristles at American naval exercises with such nations, while US commanders point out that they’re
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Why the United States might pay China before we pay our own soldiers
ZDNet (blog)
China is America’s largest creditor. You can see it coming, can’t you? Yeah, I know you can. Let’s play this out. If China is America’s largest creditor, and we’re going to have to pay our creditors before we pay for anything else, then who are we
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What can China teach us?
UNIAN News Agency
So what kind of experience can we get from China? China today gives us cause to think: so what is the experience we really want to adopt? Ukrainian already survived the period of communist rule. If we are talking about the experience of filling the
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US NGOs say Taiwan is part of China: MOFA
China Post
Most of the reported cases that falsely refer to Taiwan as a province of China during international non-government organization (NGO) events were found in the United States, said the Ministry of Foreign Affairs (MOFA) yesterday.
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China’s fresh rare earths export quotas restore cuts
Chicago Tribune
The WTO’s ruling last week that China had breached trade law by curbing exports of eight raw materials led Europe and the United States to say that meant China should also be forced to increase exports of 17 rare earths. “We feel that a total of around
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China Urges US to Take Responsible Action on Debt
China Digital Times
US policy makers are locked in tense negotiations over the government debt limit, which the Obama administration says must be raised from its current level of $14.29 trillion to allow the government to pay its daily bills and service any debt coming
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Bernanke, China boost US stock markets
Channel News Asia
NEW YORK: US stocks rose on Wednesday after China reported robust second-quarter growth and Federal Reserve chairman Ben Bernanke said further stimulus might be needed to boost the ailing US recovery. The Dow Jones Industrial Average gained 44.73
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Researcher: China worried about state of US economy, closely watching whether
Washington Post
By AP, BEIJING — A Chinese government researcher says Beijing is worried about the US economy and is watching whether the Federal Reserve launches new stimulus measures that might hurt China. An economist for the Cabinet’s Development Research Center,
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Arms sales will not affect US-Mainland China ties: Gov’t spokesman
Radio Taiwan International
US weapons sales to Taiwan will not affect US-Mainland China ties. That’s the word from the head of Taiwan’s Government Information Office, Philip Yang, during a US visit. Yang made the remarks during a Wednesday speech at his alma mater,
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BASE METALS: Comex Copper Flat On US, European Debt Worries
Wall Street Journal
“For now, focus is firmly on concerns in the US, specifically related to Moody’s decision to place the US sovereign rating on review,” Standard Bank analyst Marc Ground said in a note. Concerns also persist that China, the world’s largest metals
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Reel China: Will it play in Peoria and Shanghai?
Los Angeles Times
Wendi Murdoch and Florence Sloan position ‘Snow Flower and the Secret Fan’ to appeal to audiences in the US and China. Li Bing Bing stars “Snow Flower and the Secret Fan,” which is already out in China and will open in limited release Friday in the US
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Geoffrey Garrett
The Age
But ChinaUS relations are nothing like last century’s Cold War, and Australia will do well by continuing to balance its close relations with China and the US. When it comes to ChinaUS relations, it’s the economy, stupid – and this will create more
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LIVESTOCK-U.S. hogs higher on Midwest heat, China
Reuters
Talk of China buying US pork has circulated since Monday, with the meat for shipment from August through October. China has been buying pork, but apparently wants more. USDA on Wednesday said through May this year China bought nearly 130.5 million lbs
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Where the ads are: Spending big in China, Brazil
BusinessWeek
The US and Western Europe will log below-average growth, but ad spending in Central and Europe will grow by 9 percent, Latin America by 6.7 percent, China by 13.4 percent and Malaysia by 12.3 percent. For 2012, the firm predicts 5.9 percent growth,
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China should quicken reserve diversification: c.bank
Reuters
By Kevin Yao BEIJING (Reuters) – China should speed up diversification of its $3.2 trillion foreign exchange reserves away from dollar assets to hedge against risks of the US currency’s possible long-term decline, an adviser to the People’s Bank of
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UPDATE 1-Joy Global to buy 41 pct of China’s IMM
Reuters
By Nick Zieminski NEW YORK, July 14 (Reuters) – US mining equipment maker Joy Global Inc (JOYG.O) plans to buy an initial 41 percent stake in International Mining Machinery Holdings Ltd (1683.HK) (IMM) for $585 million to expand in China’s fast-growing
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Governors’ meeting sign of enhanced ties
China Daily
By Zhang Wenzong (China Daily) BEIJING -The ChinaUS Governors Forum, which provides local governments from China and the United States a means by which they can communicate, is a fortuitous bridge to develop the Sino-US partnership.
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US, China, Russia try to fly free of EU aviation emissions cap
Environmental Finance
But he insisted that the EU executive will not bow to pressure from the US and China, noting that “implementation [of the legislation] is taking place as planned”. Parallel to the court case brought by the US airline industry against the EU’s plans,
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Peabody Energy adds more coal assets in the US, China
domain-B
Peabody fuels 10 per cent of US power and 2 per cent of worldwide electricity. In another related development, Peabody has entered into an agreement with China’s Xinjiang government for developing 50 million ton-per-year surface coal mine in Xinjiang.
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Chinese investment in US doubling annually
Globe and Mail
Follow us on Twitter @GlobeSmallBiz Chinese direct investment into the United States is more than doubling annually, with more than $5 billion allocated in 2010 alone, according to a report from Asia Society’s Center on USChina Relations and the
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Barack Obama calls new debt talks under China pressure
Economic Times
WASHINGTON: US President Barack Obama called a fifth day of talks on Thursday with his Republican foes on averting an early August debt default, as largest US creditor China sounded the alarm over the impact of a possible stalemate.
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U.S. Commodities Day Ahead: Gold Climbs to Record on Fed Concern
Bloomberg
China needs to “seriously assess the risks” of its holdings of US Treasuries, Yu Bin, director of the macroeconomic research department of the State Council’s Development Research Center, said today. China may maintain growth of about 9 percent this
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European Stock Futures in Retreat as Moody’s Puts U.S. on Review on Debt
Bloomberg
European stocks had increased yesterday as Federal Reserve Chairman Ben S. Bernanke said he’s prepared to provide more stimulus if needed and as China’s economic growth beat estimates. The Stoxx 600 has rallied 87 percent including dividend income
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Asian Shares End Mixed; Caution On Moody’s US Warning
Wall Street Journal
After swinging in both directions, South Korea’s Kospi ended little changed at 2130.07, while Hong Kong’s Hang Seng Index and China’s Shanghai Composite Index rose 0.1% and 0.5%, respectively, to end at 21940.20 and 2810.44.
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USA women’s soccer beat odds
The George-Anne
The number of people tuned in equaled the number of views of the US women’s last World Cup championship victory over China in 1999. Additionally, the Brazil-US quarterfinal match was played on the exact same date the US defeated China to win its second
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Apparel firm takes sewing operations out of China
Bend Bulletin
By AP SALEM — An Oregon apparel company cites inflation and quality control problems as two of the reasons it has moved its manufacturing out of China to rely on American workers. Nine 1 One Gear of Portland will now use skilled workers in Salem to
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N. Korea May Provoke Again, Creates ‘Urgency,’ Mullen Says
Bloomberg
China is host of the disarmament talks, also involving South Korea, Japan, Russia and the US The US and China have pushed to strengthen military ties that have been strained over issues including a 2010 US decision to sell arms to Taiwan.
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China Telecom to sell CDMA iPhone this year, sources say
The Guardian
iPhone coming soon … a Chinese woman exits a China Mobile self-service outlet in Beijing. Photograph: Andy Wong/AP China Telecom, the smallest of the three telecoms operators in China – but with more subscribers than Verizon, the US’s second-largest
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Deal to be signed in Utah to kick off parks in China
Salt Lake Tribune
By Chase Hall The governor of southwest China’s Yunnan province, Qin Guangrong, has recently found himself compared to US conservation greats such as President Theodore Roosevelt for leading a movement to create national parks.
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US Stock Futures: HOT STOCKS TO WATCH
Wall Street Journal
Yum Brands’ second-quarter profit jumped 10% on strong growth in China and other emerging markets and the benefit of a lower tax rate, although the fast-food company said results in the US were “very disappointing.” The company also raised its
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Dacha Comments on China Rare Earth Quotas for Second Half of 2011
MarketWatch (press release)
Dacha’s inventory value of US$132.1 million as at July 11th is currently weighted at 90% between Terbium and Dysprosium, or a total of US$118.7. The recently mandated consolidation of producers and other supply constraints continue in Southern China,
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Hillary Clinton circumnavigates a diminishing sphere of US influence
The Guardian
But while China and Russia afford him diplomatic cover, and Barack Obama remains opposed to direct intervention, there is little more the US can do other than complain. Iran’s recent decision to dramatically accelerate its suspect uranium enrichment
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China and the ‘New Normal’
theTrumpet.com
The US military acknowledges China “has arrived as a world power.” Its aggression in the South China Sea indicates that its arrival bodes poorly for the Asian status quo. By Jeremiah Jacques Leaders in Beijing have a talent for edging China to the
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5 Factors That Drive Stock Prices
U.S. News & World Report
During the same time period, the MSCI China Index returned a measly 0.6 percent per year, on average. On the other hand, from the start of 1989 through 2009, the US economy grew at a much slower annualized rate of 5 percent, while the MSCI USA Index
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State tries to charm China
Honolulu Star-Advertiser
Hawaii tourism officials also are prepping for the fifth annual ChinaUS Travel Leaders Summit, which will take place Sept. 25-26 in Kona. Shao Qiwei, chairman of the China National Tourism Administration, is scheduled to attend the event along with 31
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China Says ‘Mission Accomplished’ On Stopping Copyright Infringement
Techdirt
With the US putting continued pressure on China about “stopping piracy,” the government has been making noises lately about cracking down on infringement. Now, the Chinese Vice Minister of Commerce has declared the crackdown a success: Marking the end
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AP Business NewsBrief at 4:38 am EDT
TMC Net
(Associated Press Via Acquire Media NewsEdge) Researcher: China worried about US economyBEIJING (AP) _ China is watching whether the Federal Reserve launches a new stimulus that might hurt China by pushing up commodity prices, a Cabinet researcher said
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