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U.S. China News 2011.07.20

Wed, July 20, 2011

China urges US to boost confidence in debt, dlr
Reuters
BEIJING, July 20 (Reuters) – China pressed the United States to take “responsible” measures to boost market confidence in the dollar and US government debt on Wednesday, underscoring investor worries that Washington could default on its debt.
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US swimmer Phelps back in China as doping dominates
AFP
SHANGHAI — US swimming great Michael Phelps returned to China Wednesday looking for the form that swept him into the history books at the Beijing Olympics, as a major doping row clouded the world championships. Phelps, who has caused concern with some
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US wants to talk outer space with China
Reuters
The US offer of talks on space is similar to other proposals Washington has made, with mixed results, to increase China’s transparency and ease Sino-American flashpoints, such as maritime operations in the Pacific. Both the United States and China have
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Sino-Vietnamese South China Sea war,Blood oil and American Interest: The
Business Insider
“According to ASEAN statistics, China’s trade with ASEAN has jumped six-fold since 2000 to US$193 billion in 2009, surpassing that of the US China’s share of Southeast Asia’s total commerce has increased to 11.3 percent from 4 percent in that time,
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Is China facing an American future?
TIME (blog)
Very rapidly, China is beginning to encounter the same economic pressures as the US Some are simply the natural outgrowth of China’s supercharged development. Others are being brought about by policy errors – similar, in fact, to those made by the West
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The China Challenge: A strategic vision for US-India relations
Reuters India (blog)
While India seeks to avoid conflict with China, Indian military planners also assess that they need to develop sufficient capabilities to deter an increasingly powerful and assertive China. The US should pursue robust strategic and military engagement
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US swimmer Phelps back in China as doping dominates
Bangkok Post
Brazilian swim star Cesar Cielo fought to avoid a doping ban that could wreck his Olympic chances in a case that has rocked the sport and overshadowed the world championships. Brazilian swimming star Cesar Cielo (R) arrives with fellow teammates
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Entire fake Apple Store in China nearly has us fooled
CNET UK
But some enterprising fakesters in China have gone the extra mile to deceive tech fans, opening an entire fake Apple Store. It appears genuine to the untrained eye — right down to the trademark blue T-shirts on members of staff.
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Joke Is on China as US’s AAA Becomes Laughable: William Pesek
Bloomberg
His journalism awards include the 2010 Society of American Business Editors and Writers prize for commentary. Suddenly that $3 trillion of currency reserves looks like a bad idea. Make that very bad for China, as investors display an obvious preference
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Seeing both sides of meeting with Dalai Lama
China Daily
Also, the ChinaUS Governors Forum just ended in Utah. That’s why Obama’s meeting with the Dalai Lama appeared so out of the ordinary and unreasonable. If US politics is taken into consideration, this kind of illogical move can be justified,
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China used Kim’s ear to get at US
JoongAng Daily
China wants the US to stop its intervention in the South China Sea and the US‘ stance is it can’t because it is such an important area,” Kim said at a monthly seminar of the Forum on the Future of Northeast Asia, co-hosted by the JoongAng Ilbo and the
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CANADA STOCKS-TSX may open higher, helped by U.S. results
Reuters
TO) also helped boost investor sentiment by highlighting China’s interest in Canadian resources. * Canadian equity futures <0#SXF:> pointed to a higher open. * US stock index futures rose as continued strong earnings, including from Apple Inc,
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China Plans For Treasure Hunt in Pacific Ocean
Fox News
BEIJING – China plans an ultra-deep dive by a manned submersible beneath the Pacific Ocean that would propel it past the US in a race to explore potentially vast mineral resources in the deepest parts of the world’s oceans, The Wall Street Journal
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China Signs US$4 Billion Contract to Build Metro in Iran
2point6billion
20 – In an attempt to develop an underground transport system, Iran will sign a US$4 billion contract with China, according to media reports on Tuesday. “The US$4 billion financing contract will be signed with China tonight,” said Mohammad Royanian,
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ChinaUS governors forum ‘historic’: US
China Daily
WASHINGTON – A senior US official on Tuesday called last week’s ChinaUS Governors Forum “historic,” as the inaugural meeting in Salt Lake City strengthens mutual understanding and opens the door for greater cooperation between local governments of the
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US to its companies: Tap Indian middle class’ growing appetite
Times of India
PTI | Jul 20, 2011, 09.17am IST WASHINGTON: Concerned over the escalating competition from India and China, a top US official has asked the American companies to “flex muscles” and tap the expanding middle class in these countries.
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US outflow from China a cause for concern
China Daily
But all overseas investors, not just those from the US, have to face rising costs in China. This fails to explain why, among major sources of foreign investment to China, only US investments have fallen. So what’s the real reason?
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China Added USD7.3bn US T-bonds in May
Middle East North Africa Financial Network
China expanded the US treasury bond position by USD 7.6 billion in April from over USD 1.14 trillion in the previous month. However, current holding is USD 15.5 billion lower than a peak in October last year although the country added for two straight
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Michael Raska: China and the Globalization of Space: Toward A New Space Race?
Al-Arabiya
With space investments exceeding $2 billion in 2010, China became the second largest spender on space in Asia after Japan with $3.8 billion. China last year conducted as many launches as the United States‘ 15, second only to Russia with 31.
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Latin America: Trade With China Grows
Seeking Alpha
From an investment strategy perspective, one way to gain from China’s economic growth is to invest in some of the miners and agricultural producers in Latin America. Source: Who Influences Latin American Stock Market Returns? China versus USA
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Animal rights activists oppose rodeo in China
Los Angeles Times
A coalition of 68 animal rights groups calls for the cancellation of Rodeo China, a Sino-US cultural exchange event. China’s Bird’s Nest stadium is the site for the protested rodeo. (Frederic J. Brown / AFP/Getty Images) By Jonathan Kaiman,
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China leads June global steel output to new record
Reuters
By Tasim Zahid and Silvia Antonioli LONDON, July 20 (Reuters) – Global steel production rose in June, led by record crude steel output in China, while US steelmakers also increased output despite slow economic growth in the world’s largest economy,
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US suspicious of China-Iraq ties’
Press TV
US will not look favorably upon the recent surge of China-Iraq relations despite both sides reaping mutual benefits from the ties, an former US ambassador says. “I know America looks with some suspicion, at least in the newspapers, as to what it is
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Why is China Telling the U.S. How to Handle its Debt?
Wall St. Cheat Sheet
By Emily Knapp China (NYSE:FXI) is urging the US to boost market confidence in the dollar (NYSE:UUP) and US government debt (NYSE:TLT). “We hope the US government will take responsible policies and measures to boost global financial market confidence
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Chinese Regime Gorges on US Debt
The Epoch Times
China and the US have an economic relationship that many economists consider damaging to both sides: In China, people are denied much needed capital because their hard-earned trade surpluses are sent overseas instead of spent internally;
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China: No End To Strategic Suspicions Of US – Analysis
Eurasia Review
The answer lies in growing ChinaUS interdependence; the PRC has emerged as a big market for US manufacturers and holds over a trillion US dollars in the US, including in treasury bonds. At military levels, the two sides are aware of the likelihood of
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Yasheng Group Continues International Expansion by Entering the Mining
MarketWatch (press release)
Yasheng Group (otcqb:YHGG) ( http://www.yashenggroup.com ), founded over 30 years ago, is a US holding company that conducts primarily agricultural operations in the Northwest of China. Today it is one of China’s leading producers and marketers with six major
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J.P. Morgan Hosts 1st Corporate Challenge in Shanghai
MarketWatch (press release)
“Our history in China started in 1921 in Shanghai and it is symbolic for us to host this event in Shanghai. It reflects our commitment to establish ourselves as an outstanding corporate citizen in Shanghai by promoting the city’s versatile culture and
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Obesity in America vs. obesity in China
The Week Magazine
Chinese boys are more likely to be overweight than girls, whereas teen obesity in the US is roughly equal among the sexes. And overweight adolescents in China more often report eating lots of vegetables, consuming relatively few sweets or fast food,
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Clinton urges India to expand influence
The Associated Press
CHENNAI, India (AP) — US Secretary of State Hillary Rodham Clinton on Wednesday challenged India to expand its traditional sphere of interest from South Asia to neighboring regions where it can help the United States blunt China’s increasing
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ExxonMobil joins Chinese shale hunt
Petroleum Economist
In 2009 China and the US joined forces with the Global Shale Gas Initiative, which aims to share experience and technological know-how for developing the resource. So far, India, Poland and Jordan have also joined the initiative. China could hold 1275
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Foreign singers on way to Beijing
China Daily
“It was common sense for Americans that China and the USA could not – should not – be friends 30 years ago,” she said in Beijing. “But it is different today.” The month-long series of lectures, to be held at the University of International Business and
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Interdependence, Friction in US East Asia Policy
ISN
The pomp and circumstance of US Admiral Michael Mullen’s four day trip to China last week was the backdrop for the latest step in the Obama administration’s policy of engagement with the rising Asian giant: to rebuild military-to-military relations.
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CSX expects volume to grow faster than economy
Sacramento Bee
CSX Corp. says China’s appetite for US coal should keep growing this year, offsetting weakness in shipments to US utilities. The Jacksonville, Fla. company offered the outlook a day after reporting it earned 46 cents per share, in the April-June
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Ascletis Announces New Support from Hangzhou, China and The Hamner Institutes
Genetic Engineering News
Ascletis, Inc., a USChina pharmaceutical company developing important medicines for cancer and infectious diseases, announced new support for the company and its research and development efforts in Hangzhou, China and Research Triangle Park.
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China stay was exploration in relationships
Hotel News Now
The trend in China is to do something where they really raise the standards. They think the hotel lobby should be spacious and elegant and use marble and really upscale materials. For us we really have to tell them what the brand is about.
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US Experts See North Koreans Turning to Informal Markets
Voice of America (blog)
These markets, he said, thrive especially along the border with China, North Korea’s closest ally. Abraham Kim, vice president of the Washington-based Korea Economic Institute, told VOA he had seen the same thing on a visit to North Korea last month.
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Till Debt Do US Part
Resource Investor
The wrangling on all things deficit and budget-related continues in DC, however, China has (once again) “suggested” that the US do something to “strengthen international confidence and to respect and protect the interests of investors.
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Swimmers and divers find a social network shutdown in China
San Jose Mercury News
“So we kind of prepare ourselves before we go and tell everybody they won’t hear from us for three weeks.” Competing in his first world championship, American diver Aaron Fleshner wasn’t completely prepared for the news. “I use social media a lot when
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Copper Falls From Three-Month High on Europe, US Debt Concerns
BusinessWeek
US legislators are working to reach agreement on a deficit-cutting deal by an Aug. 2 deadline. Before today, copper dropped 4.1 percent from a record in February on signs of slowing growth in China, the world’s largest metals user.
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Depositary Receipt Trading Volume and Programs Reach Record Highs at Mid-2011
PR Newswire (press release)
US-listed DRs traded $1.61 trillion in value and 65 billion in volume during the first half of 2011, 84% and 81% of the global total, respectively. The most actively-traded US-listed DRs by value included China’s Baidu, Brazil’s Vale and Petrobras,
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Well-wishing message for Yao from NBA Commissioner Stern
China Daily
The thrill really of Yao being picked first and the interview from the headquarters of CNN China that he went into to talk to us, and to see his reaction, and America’s reaction to Yao. And, it grew from their. Yao has been without question a
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ETFs for a US Default
Investing Daily
This would be another blow to an already-weakened US economy. Internationally, US dollars in the form of Treasury bonds account for a large percentage of global central bank reserves. China alone holds about $1 trillion in Treasury debt and the
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Everyone Except House Dems Thinks We Need Deficit Reduction, Even China
Texas GOP Vote
Chinese entities hold at least $1.115 trillion in US government debt, and are thought to account for roughly 26 percent of the paper issued by Washington, according to US government data released on June 15.” (Emily Flitter, “US Caught China Buying
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Apple’s China Sales up Six-fold in Fiscal Third Quarter
PCWorld
In an earnings call on Tuesday, Apple Chief Operating Officer Tim Cook said the huge growth in “Greater China“, which includes mainland China, Hong Kong and Taiwan, propelled the company’s revenues in the market to US$3.8 billion in the quarter.
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With strong swipe, Murdoch’s wife stands by her man
Reuters
She came to America in 1988 after working as an interpreter for a Los Angeles couple — Jake and Joyce Cherry — who were working in China. When they returned to the United States, they sponsored her to live with them and to study.
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7 Days Group Holdings Limited Schedules 2011 Second Quarter Earnings Release
Sacramento Bee
The conference call may be accessed by calling +1 866 519 4004 or +1 718 354 1231 (for callers in the US), +800 8190 121 (for callers in China), +400 620 8038 (for mobile callers in China), +65 6723 9381 (for international callers), +800 930 346 or
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US Congress likely to approve debt limit increase in time
RIA Novosti
“And now they cannot forget about the shadow of China that is constantly lurking behind.” China, the US‘ largest creditor with a $1.6 trillion holding of Treasuries, reiterated on Wednesday it hoped that the US would take a responsible decision in
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Real ‘Budget Heroes’ needed to resolve debt drama in US
China Post
The United States‘ yearly defense spending is the world’s highest, and is now over US$700 billion. Coming in a very distant second is the People’s Republic of China which had an official 2011 defense budget of about 601 billion Yuan (US$91.5 billion),
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