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U.S. China News 2011.07.19

Tue, July 19, 2011

China and the US: Friends or rivals?
BBC News
By Claire Bolderson BBC World Service The massive US trade deficit with China has led many American politicians to accuse Beijing of undervaluing its currency to keep Chinese exports cheap. Unions say competition from China is costing American jobs.
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Dealing with Debt China, US in debt dance, for better or worse
The Seattle Times
(July 19, 2011, by krokoko) Read more SHANGHAI — However grim Washington’s debt and deficit negotiations may seem to Americans, the impasse is nearly as disturbing for China. As the United States‘ biggest foreign creditor — holding an estimated $1.5
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Oil Gains in New York as U.S. Supplies, China Demand Counter Europe Debt
Bloomberg
Prices also rose after China said its apparent fuel consumption, which includes domestic production and net imports and excludes inventory changes, rose 7.2 percent in the first half. Crude slipped yesterday amid concern Europe’s leaders will be unable
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Why China’s Rapid Online Growth Won’t Help US Firms
DailyFinance
China now has 485 million Internet users, which is 52% more than the entire population of the US The China Internet Network Information Center reported the figure based on numbers as of the end of June. Extraordinarily enough, only 36% of China’s
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Price change put China ahead of US as BC’s top customer
Vancouver Sun
In May, China surpassed the US as BC’s highest-value buyer of lumber for the first time. VANCOUVER – China in May surpassed the United States as British Columbia’s highest-value buyer of BC lumber for the first time, mainly because of a differential in
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Shares flat on US highs, China lows
Herald Sun
THE share market was relatively flat at noon today as it weighed se positive factors from the US market and a lower market opening in China. At 12pm AEST today, the benchmark S&P/ASX200 index was 2.5 points lower, by 0.06 per cent, at 4469.5,
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Mercedes’ tiny Smart takes on big boys in China
Reuters
But sales took off after Maier got US basketball superstar Kobe Bryant, a household name in China, to do a commercial fitting his 198-cm (6 ft 6 in) frame into a Smart. “We were not so sure he would really fit into the car, but we were positively
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US, China should cooperate to avoid confrontation: Henry Kissinger
Philippine Star
NEW YORK (Xinhua) –Former US Secretary of State Henry Kissinger said here Monday the United States and China should “find a way to cooperate” to avoid strategic confrontation. Kissinger made the remarks while discussing his new book “On China” with
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China`s AETATS to Purchase US$3 B. Worth of Taiwan-made Products
The Taiwan Economic News
organized by China`s Association of Economy and Trade Across Taiwan Straits (AETATS) will sign agreements with Taiwanese enterprises at the Taipei International Convention Center today to purchase various products valued at around US$3 billion.
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India may soon join nations exporting nuke reactors US
Moneycontrol.com
Published on Tue, Jul 19, 2011 at 09:00 | Source : PTI India could soon join a select group of countries like US, China and France which export nuclear reactors, a Congressional report has said. “Only Canada, China, France, Japan, Russia, South Korea,
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Why aren’t we working with Japan and India?
Washington Post
The administration dropped the sub-Cabinet-level coordination body with Japan on economic issues while elevating the USChina Strategic and Economic Dialogue to a body that includes half the president’s Cabinet. Meanwhile, India’s ruling Congress Party
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Tibet An Integral Part Of China : US
http://www.newsworms.com
Dig Vijay Singh is talking like former congress president Dev Kant Barooah who during emergency said ” India is Indira and Indira is India”. Since Nehru era these sycophants are inalienable part of the congress culture. He is one of sychophants,
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AO Smith profit triples, helped by one time gaine
MarketWatch
By Tess Stynes The maker of water heaters continues to see its bottom line buoyed by sales and market growth in China. US sales also have improved on sales of energy-efficient products, though the housing market remains weak. Sales in the first quarter
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Russia offers Germany gas, rare earths to nudge China
Reuters
China eased the restrictions last week, restoring them to near-2010 levels, but trading partners like the European Union and United States said it was not enough to ensure stable supplies of 17 rare earth metals which are crucial for the electronics,
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Unleash the Hogs! China Takes Its Pork Seriously
CNBC.com
The economy may have forced the US to sit back on the bench in the space race, but c’mon, America. Are we going to let China beat us in the hog race? More Culinary Crises: Questions? Comments? Email or drop a line in the comment box below.
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USChina: Talking ourselves into trouble
Lowy Interpreter
But what I don’t get about the whole ChinaUS international security debate, particularly in Australia and reflected in The Interpreter’s debate thread, is how much it discounts the positive geopolitical consequences of the massive ties between the
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The Debt Bomb: The US, Europe and Now … China? (Folha, Brazil)
The Moderate Voice
In the US, China has been the largest purchaser of debt for many years. In Europe, it has emerged as the bond buyer of last resort for countries like Portugal and Greece that are virtually broke. If the slowing of the Chinese economy is chaotic and its
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European solar sector feels heat from China
Reuters
On the positive side, REC had market-leading, US polysilicon facilities, said Barclays Capital analyst Rupesh Madlani, which could become the main focus of the company. REC has lost 60 percent of its value since February while solar stocks have
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We must be ready for China slowdown
The Australian
THE mainstream view that China can still go on growing at 8 per cent and above in the next five to 10 years is becoming increasingly questionable. China’s economy is too bubbly and will soon slow down. China’s European and US partners should prepare
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US investments in China show decline
People’s Daily Online
Second, Asian countries strengthened investment in China, while US investment in China declined significantly. Third, the growth rate of actual foreign investment in western China is still higher than in eastern China, and the proportion of actual
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American sports getting more popular
China Daily
Young, who has watched the sports industry in China grow for more than 20 years, said he does not expect the lesser known American sports such as football to have a “Yao Ming moment”, but said the country’s increasingly diversified tastes will see
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NYT Runs Confused Editorial on China and US Debt in Its News Section
Business Insider
Presumably China’s government did not mind losing money on its dollar holdings, seeing this loss as the necessary price of maintaining its export market in the United States. In effect, China’s government was paying people in the United States to buy
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US Senator questions US‘ aid to India
Times of India
In his 621-page report, Coburn referred to a recent Congressional Research Service (CRS) which revealed that the federal government gave $1.4 billion in foreign aid to 16 countries, including India and China, to whom the US owes $10 billion each.
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The GM Story: How Business Really Gets Done in China
AdAge.com
Michael Dunne’s lively account of General Motors’ difficult adjustment to China’s brand of capitalism is a fun and informative read for anyone who wants to know how business really gets done in China. Wiley & Sons this month is publishing “American
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Hong Kong’s Hang Seng Index Rises as Commodity Shares Advance
Bloomberg
The Hang Seng Index dropped 4.9 percent this year, on concern China’s monetary policy tightening, and Europe and US debt will hamper global economic growth. Shares in the gauge traded at 11.8 times forecast earnings, compared with about 14.4 times at
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Dalai Lama, US Religious Leaders Stress Overcoming Religious Intolerance
Voice of America
Quinn signed legislation in March making Illinois the 16th US state without a death penalty. The Dalai Lama is scheduled to return to India at the conclusion of his visit to Chicago. Related Articles China Formally Protests Obama Meeting With Dalai
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Foxconn, Huawei sign trade deal worth of US$2 billion
Focus Taiwan News Channel
Taipei, July 19 (CNA) China’s Huawei Technologies Co. and Taiwan-funded Foxconn Technology Group signed a memorandum of understanding on Tuesday that will bring purchase orders worth US$2 billion (NT$57.8 billion) to Foxconn by 2013.
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Li Ning Sponsors High-tech Swimming Suits for China and US National Diving Teams
TodayIR.com (press release)
The swimming suits specially made for this year’s FINA World Championship were highly recognized by the China and US National Diving Teams. The Group intensified its integrated sports marketing efforts for the LI-NING brand via this major sports event.
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China shunning Palau for taking Uighurs: president
AFP
Responding to questions from a US Senate committee about China’s reaction to Palau’s decision to accept the Uighurs in 2009, Toribiong said his government had faced sustained pressure from Beijing. “In three separate meetings with Palau’s UN mission,
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Officials to evaluate US visa waivers to Guam
US Migration Expert
The expanded US visa-waiver program into Guam for tourists from mainland China and Russia are now being evaluated by the US federal officials. This was announced yesterday from governor Eddie Calvo’s office after he testified Thursday in Washington,
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China’s Police Shoot Xinjiang Rioters as Xi Warns on Tibet
San Francisco Chronicle
China views groups pushing for greater independence as seditious. The Dalai Lama this week met US President Barack Obama in Washington, drawing protests from China. Muslim Uighurs, who make up less than half of Xinjiang’s population of 20 million,
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U.S. hog farmers hit litter record to offset cost
MarketWatch
Corn prices last month reached an all-time record of nearly $8 a bushel and, although falling back, have held well-above historical levels as China increases its imports from the US “The industry’s been on a long-term trend toward larger litter sizes,”
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The Mumbai Bombings and the Law of US-Pakistan Relations
JURIST
Scholars have identified the primary purpose for the close relationship between China and Pakistan. Lisa Curtis of the Heritage Foundation testified May 20, 2009, on this very matter before a congressional hearing of the USChina Economic and Security
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Fracking Good News From China For Halliburton, Schlumberger And Baker Hughes
Forbes (blog)
[4] Oilfield services firms such as Halliburton, Baker Hughes and Schlumberger have played a large role in making shale extraction economically feasible in the US, and adoption of their technology in foreign markets such as China can result in a
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US national debt and world economy
China Daily
The potential US default threatens the stability of world financial and economic systems. It should be a wake-up call for the American people. It should also be a wake-up call for the Chinese people because China holds the biggest US Treasury bonds.
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China’s Cold War on Christianity Perpetuates Historic Persecutions
The New American
It’s very bad that people have to be forced, but it is even worse for us — much more sad for us — that some went willingly. Some bishops who go get paid a good sum of money. We know one bishop who received 200000 renminbi and for another it was
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How to Invest in Crude Oil in Second-Half 2011
Seeking Alpha
As the Arab Spring “fear risk premium” abated, the US economic data tilted negative, EU debt problems spread to the periphery, and China kept hiking its interest rates and bank reserve requirements, the effects of commodity price inflation on
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Chinese businessmen seeking opportunities in Indiana
People’s Daily Online
A total of 12 agreements worth 364 million US dollars were signed between enterprises from China’s eastern Zhejiang province and its US sister state Indiana at a business symposium in Indianapolis on Monday. Nearly 200 business leaders from a Chinese
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Coca-Cola profits jump 18%
Financial Times
By Alan Rappeport in New York A growing thirst for Coca-Cola products in China and Russia fuelled a rise in the beverage company’s second-quarter profits amid flat sales in the struggling US market. Muhtar Kent, chief executive, called global
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China Hits 485 Million Internet Users — Or Does It?
Maximum PC
Heck, they claim the number of Chinese people who use Internet-enabled cellphones now outnumber the entire US population. But some experts are little leery of the numbers being tossed around. The China Internet Network Information Center claims that 27
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Enter search terms
Carnegie Endowment for International Peace
A physicist and expert on nuclear disarmament, his research focuses on China’s nuclear and arms control policy and USChina nuclear relations. Prior to joining the Carnegie Endowment, Li was a professor of international relations at Tsinghua University
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Apple looks to expand presence in China
Middle East North Africa Financial Network
BEIJING, Jul 19, 2011 (UPI via COMTEX) — US giant Apple is trying to expand its iPhone availability in China by offering it through the country’s largest mobile carrier, company officials indicate. If Apple’s request to offer its popular device
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China wins 6th diving gold at worlds
Belleville News Democrat
“Our rivals gave us a lot of pressure, especially for the final dive,” Qin said. “They made a few difficult dives. However, we kept our confidence and solved the problem.” The Chinese are known for their high degree of difficulty, but it was the
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DJ US HOGS: Futures Rise On Corn, Dollar, And Cash Prices
Middle East North Africa Financial Network
Some investors took the unseasonably strong cash prices as a sign that China–trying mightily to control spiraling domestic pork prices–is looking to import more US pork. Some traders see the strong cash prices as “likely evidence of these sales to
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Copper Advances to a Three-Month High as U.S. Housing Starts May Increase
Bloomberg
“Even with debt-default jitters in Europe and the United States remaining a constant head wind for global growth prospects, base-metals prices have barely budged,” Edelweiss said. China, the world’s biggest copper consumer, will have to import more of
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