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U.S. China News 2011.07.22

Fri, July 22, 2011

South China Sea deal eases USChina tension
Christian Science Monitor
Obviously, the legally binding code of conduct is targeted against China. The United States, the world’s only superpower, has long been actively interfering in the South China Sea territorial dispute. US Secretary of State Hillary Clinton announced
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U.S. intelligence analysts speculated on China’s use of electromagnetic
Washington Post (blog)
By Jason Ukman Speaking of Taiwan, a newly disclosed US intelligence assessment describes American concerns that China might be developing sophisticated weapons to zap the self-governing island’s electronics, or perhaps to use against an American
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In China, Mortgage Slaves Curse US Debt: World View
Bloomberg
Obama met with the Dalai Lama at a time when a series of high-level contacts between China and the United States are about to be launched. Therefore, this meeting will certainly have negative effects on the development process of the ChinaUS relations
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China’s View of the US Debt Crisis
PRI’s The World
By Mary Kay Magistad ⋅ July 22, 2011 ⋅ Post a comment China’s got its own version of Moody’s. Its private credit rating agency is called Dagong, and over the past year, it’s downgraded the US debt rating twice, down to A+.
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North and South Korea hold rare nuke talks as China, US clash at regional forum
Herald Sun
NORTH and South Korea held rare talks today on breaking the nuclear standoff on the peninsula, as China and the US clashed over territorial issues on the sidelines of a regional summit on the Indonesian resort island of Bali.
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Fake iPhone Store, iPhone and iPad Spotted in China [PHOTOS]
International Business Times
Meanwhile, US customs officials say 80 percent of the counterfeit tennis shoes, clothing, luxury bags and other goods they seize each year at the border come from China. The iphone was offered for 400 yuan ($60). A sample of a “shanzhai” or imitated
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Chopsticks for China, But Made in America
Voice of America
We also answer a question about the hours of American workers. But, first, we learn about a small American company that is answering a big demand for chopsticks in China. (MUSIC) DOUG JOHNSON: In the United States, many manufactured goods include the
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US stock market gives China’s IPO cold shoulder
China Daily
An insider said it is doubtful that investors in the US would have given Xunlei a warm welcome after the weak performances of the subscribed China concept shares in the past year, the website reported. Xunlei booked $47 million in sales over the last
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Dalai Lama meeting damages US status as world power
China Daily
This has unavoidably hurt the feelings of the Chinese people including the Tibetan people, and undermined ChinaUS relations. China takes a consistent and principled stand on Tibet-related issues as they are closely related to China’s sovereign rights
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China BC’s No. 1 lumber export market
Vancouver Sun
The latest monthly statistics tell the tale: For the first time, China supplanted the United States in May as British Columbia’s biggest customer for lumber. China bought $122 million worth of lumber, compared with $119 million for the US Truth be told
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Swiss Tech admits to exporting U.S. Defense drawings to China
NorthJersey.com
Swiss Tech, a manufacturer of weapons and defense systems admitted to conspiring to violate the Arms and Export Control Act by exporting US Department of Defense drawings to China. According to documents filed in this case and statements made in court,
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Asia Not Worried About Possible US Debt Default
Voice of America
Source: US Department of the Treasury China is the United States‘ largest creditor, holding more than $1 trillion of America’s debt, followed by Japan, which has a stockpile of about $900 billion. US lawmakers and the Obama administration are in
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Surging China demand buoys US pork
China Daily
By Elizabeth Campbell (China Daily) CHICAGO – US pork exports will jump 23 percent or more this year because of surging demand and prices in China, the world’s top consumer, according to Brett Stuart, the co-founder of farm-industry researcher Global
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FBI says hacking attack on IMF started in China
Financial Times
Non-government bodies in China and the US have held many meetings, with officials from both countries as observers, to discuss espionage and other issues of cyber conflict. The IMF breach came to light in June after an internal memo warned employees a
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Cassirer Says China Will Seek Reciprocity To SEC Access
Washington Post
July 21 (Bloomberg) — Rori Cassirer, managing partner for Troutman Sanders LLP’s New York office, talks with Bloomberg Law’s Lee Pacchia about negotiations between regulators from the US and China to allow the Securities Exchange Commission access to
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China offers scholarships
China Daily
The program officially kicked off in April when Chinese State Councilor Liu Yandong and US Secretary of State Hillary Clinton signed the ChinaUS Consultation on People to People Exchange agreement, even though the actual offering of scholarships
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Duke swimmer helps US win gold
News & Observer
AP Former Duke swimmer Ashley Twichell helped the United States win the new 5-kilometer open water team event at the world aquatic championships on Thursday in Jinshan City, China. Twichell, a June graduate of Duke, Andrew Gemmell and Sean Ryan
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U.S. Eximbank sees India as biggest market in 12-18 mths
IBNLive.com
While the United States is increasingly looking at tapping big emerging markets like China, India and Brazil, it also has to compete with those countries, many of which are not bound by tight rules like the United States for funding export credit.
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Foreign companies shouldn’t reap benefits from US trade rules
Gadsden Times
While American manufacturers are struggling to survive, foreign companies are benefiting from this loophole, and gradually are shifting their sleeping bag production from China to Bangladesh in order to qualify for US duty-free benefits through GSP,
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Apple overtakes Lenovo in Greater China: analysts
Taipei Times
1 PC firm in China Apple Inc may have surpassed Lenovo Group’s (聯想集團) revenue in Greater China for the first time in at least a decade as the US firm’s surge in sales hurt growth at the biggest Chinese computer maker. Lenovo’s combined revenue in
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POSCO warns of slow steel demand, high costs in H2
Reuters
Steelmakers’ earnings are set to be further squeezed as record production in China floods the market when demand is under pressure from tightening monetary policy in China and debt problems in Europe and the United States. High prices of iron ore and
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Guest commentary: An Uncertain Alliance with Europe
MLive.com
Instead of envisioning a Group of Two directorate of the United States and China, Obama today hopes to develop a joint American-European approach to Beijing. But as with most of his foreign policy initiatives, Obama’s new hopes for Europe have produced
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Experts not fazed by US call for India to ‘lead’ Asia
China Daily
By Ma Liyao (China Daily) BEIJING – Sino-Indian ties are unlikely to be affected by Washington’s attempts to encourage New Delhi to take a stronger role across Asia, experts said. US Secretary of State Hillary Clinton told India on Wednesday “it’s time
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Kissinger’s-eye view of China
The Australian
It is one thing to say that tensions between China and the US are inevitable: after all, friction is inevitable between any two powerful states that have regular dealings. But it’s another thing to insist that such a relationship is,
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US soccer loss to Japan: A win for global security?
Christian Science Monitor
Joseph A. Bosco served in the office of the secretary of Defense as China country desk officer and previously taught graduate seminars on ChinaUS relations at Georgetown University’s Edmund A. Walsh School of Foreign Service.
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Animal Activists Protest China’s First Rodeo, A Sino-U.S. Event
Care2.com (blog)
by Judy M. A coalition of 68 Chinese animal rights groups has called for the cancellation of Rodeo China, a Sino-US cultural exchange event scheduled for October at Beijing’s National Stadium, also known as the Bird’s Nest. Rodeo China was approved by
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Bridging the gap between cultures
China Daily
It is sponsored by Americans Promoting Study Abroad China Scholars, which is funded by the US State Department. Photos by Li Xing / China Daily Grouped in pairs, the 16 students pointed at different spots on a map and talked about going to a restaurant
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Farewell, Atlantis: China Takes Up the Torch of Manned Space Flight
Heritage.org (blog)
Later this year, China will remind the world that it remains committed to what the United States no longer seems interested in—being able to put a man in space. The Chinese are expected to place the Tiangong–1, resembling the US Skylab or the Soviet
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NEWSMAX Analysis Adds Weight to Quantum’s U.S. Rare Earth Findings as
MarketWatch (press release)
The mining development corporation with operations in Elk Creek, NE was contrasted against dominant Chinese operations which the US currently relies on for Rare Earths. “Although China will likely remain the largest exporter of rare earth metals to the
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European and US debt threaten new crisis
The Australian
Yet the North Atlantic sovereign debt crisis is a sign the key USChina “imbalances” that produced the GFC in the first place have not been dealt with and are even worsening again. The China warning was set out this week by the Reserve Bank,
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China to hit 1B mobile subs next year
GigaOm
22, 2011, 9:39am PT No Comments We get terribly excited that the US will have more smartphones than feature phones later this year, but for real excitement and mobile madness, China is on track to surpass a billion mobile connections by May of 2012.
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U.S. Stocks Fall as Caterpillar Slumps; Italy, Spain Bonds Drop
San Francisco Chronicle
July 22 (Bloomberg) — US stocks fell, trimming a weekly gain, as Caterpillar Inc.’s earnings trailed analyst estimates amid weakening demand in China. Spanish and Italian bonds erased earlier gains and the euro fell as investors dissected a new
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Yao always fluent in basketball
China Daily
Yao currently owns the Shanghai Sharks, the team he played for before he came to the US in 2002 as the top overall pick in the draft. The Rockets went to China after Van Gundy’s first year. Van Gundy termed the experience as “incredible”.
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Foreign nations push into space as US pulls back
Los Angeles Times
Countries including China, India and Iran are engaged in a new race to explore space. Efforts include building research centers, rockets, satellites and lunar rovers. A visitor to a Beijing exhibition stands near the Shenzhou 5 re-entry capsule used in
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Asian Stocks Rise as Europe Agrees Greece Package
Bloomberg
(Source: Bloomberg) July 20 (Bloomberg) — Robert Horrocks, chief investment officer at Matthews International Capital Management LLC, talks about China stocks and the nation’s property market. Horrocks also discusses the US deficit-cutting plan and
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Sino-Forest and Louisiana Pacific Optimistic on Growth Potential
MarketWatch (press release)
Although forest plantation operators in China are boosting production, China cannot meet the demand with its own resources, giving ample opportunity to Canadian and US lumber companies. The Bedford Report examines the outlook for companies in the
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US presidential election 2012: Jon Huntsman’s campaign manager resigns
Telegraph.co.uk
Republican Jon Huntsman’s campaign manager resigned on Thursday only a month after the former ambassador to China launched his presidential bid, raising fresh questions about the campaign’s prospects in a crowded field. Mr Huntsman, a former state
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Asia Booming With Theme Park, Casino Construction
ABC News
Now the focus is shifting to China. AP Theme parks in the US struggled last year with modest attendance gains as the economy eked out a muted recovery from recession. Six Flags Entertainment Corp., which runs 19 parks in North America,
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McDonald’s Outperforms Yum! in the US
TheStreet.com
Brands(YUM) focuses its growth on China. McDonald’s has done very well stateside in recent years despite the Great Recession and cutbacks in consumer spending. The Golden Arches said early Friday that same-store sales — or sales at stores open at
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Optimistic US Data pushes Copper to Three-Month High
Copper Investing News
By Leia Michele Toovey- Exclusive to Copper Investing News Copper futures retreated Thursday, snapping Wednesday’s rally to a three-month high, as negative sentiment over China’s economic future outweighed better-than-expected US manufacturing data.
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Copper falls on signs of manufacturing slowdown
The Associated Press
Other commodities were mixed as investors monitored debt negotiations in Europe and the United States. A new survey showed China’s manufacturing production fell in July for the first time in a year after the government implemented measures to slow the
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Google+ Hits 20 Million Unique Visitors, Led by US and India
PC Magazine
Between June 29 and July 19, Google+ was accessed by 5.31 million people in the US, followed by 2.85 million in India, 0.87 million from the UK, and 0.86 million from Canada. Unsurprisingly, China was missing from the top ten countries represented on
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No new panda cub for Zoo this year
Washington Post
The money is to go toward panda conservation programs in China. It called for an intensive, ChinaUS study of the pandas this year and next year to try to determine why they have produced only one cub. And it left the door open to the possibility of
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Dow 13000 Anyone?
Forbes (blog)
China has just slowed its “official growth” to about 9.3% to 9.5%. That is about China’s average growth rate for the past five years, and is far from a serious slowdown. China’s growth is good for US multinationals like Apple (AAPL),
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