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U.S. China News 2011.07.24

Sun, July 24, 2011

U.S., Indonesia Urge Further Action on South China Sea
Voice of America
July 24, 2011 US, Indonesia Urge Further Action on South China Sea Top diplomats from the two countries discussed the issue in Bali David Gollust | Bali, Indonesia The United States and Indonesia Sunday called for urgent follow-up action on the
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The Chasm Between India and the US
Wall Street Journal
For the US, India was the liberal counterweight to a rising authoritarian China. For India, the US was the leader who could help it gain more international recognition and better access to global markets. The one policy move that animated this
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Copycat Apple Store Prompts China Investigation
Wall Street Journal
based Apple, which is in the midst of an aggressive expansion of its own Apple Stores in China, the world’s largest mobile market and No. 2 personal-computer market after the US Apple has opened four of its Apple Stores in the country—two in Beijing
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American men defeated in 4 x 100 freestyle relay at FINA World Championships
Los Angeles Daily News
11.0 seconds to conclude the first day of competition in Shanghai, China, with France taking second (3:11.14) and the American quartet of Michael Phelps, Garrett Weber-Gale, Jason Lezak and Nathan Adrian finishing a disappointing third (3:11.96).
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Sri Lanka hotel by China firm to be US$355: minister
Lanka Business Online
over taking a previous record set by a US visitor, indicating the potential of the destination. “When their own hotel is built, there is a link,” Abeywardene said. “With that link there will be an increase in tourists.” He said arrivals from China
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US Invites North Korean Diplomat for Talks
Wall Street Journal
Over the weekend, Mrs. Clinton said that tensions in two of Asia’s most dangerous areas of conflict, the Korean peninsula and the South China Sea, were far from being resolved despite signs of progress in the last week. The US invitation to the North
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China wakes up to innovation
Honolulu Star-Advertiser
As a result, China is expected to overtake Japan soon as the world’s second-largest R&D investor, although it still remains far behind the US China’s domestic doctorate awards in science and engineering have also increased more than tenfold since the
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China and Iran plan oil barter system
Financial Times
Tehran and Beijing are in talks about using a barter system to exchange Iranian oil for Chinese goods and services, as US financial sanctions have blocked China from paying at least $20bn for oil imports. The US sanctions against Iran, which make it
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China won’t celebrate America’s default
Rediff (blog)
As Admiral Mike Mullen put it, it is no more a case of China making it as a world power. China has already arrived. It is a stakeholder in the stability of the world financial system. Two, the USChina inter-dependency is in full display.
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Aussies stun Phelps’ US team in 4x100m relay
Taipei Times
Italy’s Federica Pellegrini poses with her gold medal after winning the 400m freestyle final at the FINA World Championships in Shanghai, China, yesterday. Australia stunned the US in the men’s 4x100m relay yesterday, ending a run of three straight
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The truth about China and its future challenges
Shreveport Times
With a population of more than 1.3 billion (that’s more than four times more people than the US), you can’t ignore China’s effect on the global economy. Foreign bond holders own 32 percent of our national debt, with China making up 24 percent of that.
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China appeals to WTO against US duties on diamond saw blades
China Daily
The official said China expected a proper solution of these issues under the WTO dispute-settlement mechanism. On Dec 8, 2004, the United States decided to slap anti-dumping duties of up to 112.81 percent on Chinese shrimp. On Nov 4, 2009,
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Warning on satellite war
Sydney Morning Herald
The study by Eric Hagt and Matthew Durnin, obtained by the Herald, says a war in space between the US and China could be far more devastating than one fought on Earth. ”A war in space could be far more hazardous not least because the US military and
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Bank of China a likely buyer for RBS jet unit: report
Reuters Canada
Bank of China, US conglomerate General Electric (GE.N: Quote) and private equity firm Terra Firma are among eight parties to have submitted expressions of interest for the Dublin-based business, with Bank of China one of the leading contenders,
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Neither US nor India can downplay Pak significance: Khar
Hindustan Times
PTI Pakistan will not accept the supremacy of any country in South Asia, the country’s new foreign minister Hina Rabbani Khar said on Sunday, contending that neither the US nor China or India could downplay Islamabad’s strategic significance in the
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Vollmer learns from tough lessons in Omaha
Omaha World-Herald
An Olympian in 2004, Vollmer washed out in the ’08 US Olympic Trials in Omaha and was a non-qualifier. Now she’s back on track for another big meet in China: the world championships in Shanghai, which start Sunday. And she may have the experience in
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Daley: GOP wants “their way or highway” on debt
CBS News
If China gets nervous about their holdings in USA issued IOUs, they may prefer to take a minor loss by selling IOUs (Treasury Bonds) NOW while they hold better value, rather than risk higher losses by holding them too long. If China starts selling USA
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The Economics Of China’s High-Speed Rail
Business Insider
But it gives us a glimpse on the economics of the high-speed rail in China. It is not even bother to make any assumption about passengers who fly by planes. And here’s the detail breakdown for high-speed rail passengers: Are such forecasts aggressive?
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Looking for an edge in the race against China
Boston Globe
“While there are opportunities for collaboration between the US and China, there’s also a real competitive race with serious economic stakes,” says Dan Reicher, a Stanford University professor who served in the Department of Energy during the Clinton
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China completes sweep of diving golds at worlds
Sacramento Bee
Qiu totaled 585.45 points in the six-dive final Sunday to win China’s 10th gold and 14th medal overall at the outdoor pool. Qiu finished second two years ago in Rome. American David Boudia earned the silver with 544.25, the only medal won by the United
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China’s economic fortune cookie
Nashua Telegraph
As in the US, Chinese real estate values have ballooned to what could be considered unrealistic levels. Also as in the United States, those values have begun to decline. But unlike the United States, China hasn’t allowed absurd pay-me-later loans.
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China building EMP arms in case of conflict over Taiwan: report
Focus Taiwan News Channel
Washington, July 22 (CNA) China is developing electromagnetic pulse (EMP) weapons that it plans to use against US aircraft carriers in any future conflict over Taiwan, the Washington Times reported Friday. The paper said the arms are part of China’s
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Rebecca Adlington wins 400m freestyle silver in China
BBC Sport
His United States team finished third in the men’s 4x100m freestyle relay behind Australia and France. The 14-time Olympic champion took the lead leg but Australia had the better of the US and also held off France to finish the race in three minutes 11
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Will Africa take advantage of China-America scramble for resources?
NewsDay
The salesman apologised, but reminded us that he was in business of selling, and sometimes to the highest bidder. When you look at the stampede for African resources by America and China in the last decade, you are tempted to think that this is the
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Duke mixes business with basketball
Charlotte Observer
According to a 2009 China Daily newspaper report, China is the NBA’s largest overseas market. This summer’s overseas trip came about largely because of a fortunate break in Krzyzewski’s schedule. The US men’s senior national team coached by Krzyzewski
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China’s Beatrice boost
Omaha World-Herald
China’s inflation, shipping, manufacturing and other internal costs made that country ripe to establish a greater US presence, Chapuran said. He said the Chinese were seeing increased stigma with the “Made in China” tag and desired a “Made in the USA
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Climate Friend or Foe? China in Copenhagen
Forbes (blog)
Olson and Prestowitz dissected China’s influence in Copenhagen in a report prepared for “The USChina Economic and Security Review Commission.” The report, “The Evolving Role of China in International Institutions,” was released earlier this year.
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China’s Two-Pronged Maritime Rise
The Diplomat
Analysts believe that China will in the coming years also launch the Shang-class nuclear-powered attack submarine, further strengthening its already robust submarine fleet. It has surely not escaped China’s notice that US anti submarine warfare
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Tata Steel finds India costly
mydigitalfc.com
He said that unlike in West or in China, India relied heavily on road transportation infrastructure. This was despite having among the world’s largest railway network. At least 57 percent goods were transported by road. In the US and China only 44 per
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US routs Argentina 83-49 in U19 Worlds
Seattle Post Intelligencer
Cierra Burdick added eight points, 10 rebounds and three assists for the US (3-0), who will play the winner of China against Egypt in the second round. Trailing 7-3 early on, the US scored 16 straight points to take control of the game.
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9/11/11 “US Declares Bankruptcy!”
Fast Company
In a sober, but calm voice Obama said: “Due to economic challenges facing our largest foreign creditors, China and Japan, as well as internally facing the Federal Reserve, and all of their demands for repayment, the US Treasury had no other choice than
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Investing in Chinese ADRs Is Not as Simple as Following IBD’s Checklist
Seeking Alpha
For example, China Mobile is the largest mobile carrier in the country and has over 700 million mobile subscribers, which is more than twice the population of the US and Canada combined. PetroChina is China’s biggest oil producer and the third largest
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China Rail Ministry Apologizes for Deadly Train Accident
Voice of America
Related Articles Toddler Rescued from Deadly Chinese Train Wreck Rescue of the four-year-old boy came about 21 hours after a collision that killed at least 35 people US, Indonesia, Urge Further Action on South China Sea China Joins Regional Network to
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Duke eyes global route into China
Charlotte Observer
Michael Schoenfeld, Duke’s vice president for public affairs and government relations, described how Brodhead bumped into other US university presidents during his recent international tour that took him to the United Kingdom, China, Tanzania,
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AP News in Brief at 5:58 am EDT
CNBC.com
“It is important for us to support freedom of navigation, unimpeded commerce, so there is no question as to the rights of every nation for its ships, its goods, to pass through the South China Sea,” she said. ___ East Coast to get heat relief;
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US Stocks Look Riskier Than Equities In Japan, Emerging Markets
Forbes (blog)
That leaves very little, if any, room to make conventional moves like lowering interest rates or loosening monetary policies if needed to get US economic growth going again. China, India, Brazil, have all been aggressively raising interest rates and
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Gas prices up for 3rd straight week
WGMD Radio
The larger European sovereign debt issue remains, as well as resolution of the US debt crisis, both of which will impact currency values and hence the price of oil. Also China used less crude oil in June than anytime in the past nine months but why
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Economy in U.S. Probably Slowed in Second Quarter as Consumers Retrenched
Bloomberg
Caterpillar Inc. (CAT), the world’s largest construction and mining-equipment maker, posted lower-than-expected profit for the first time in 10 quarters after the Japanese earthquake reduced sales, demand slowed in China and manufacturing costs rose.
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Autoliv becomes “Strategic Supplier” to Great Wall
MarketWatch (press release)
rating program C-NCAP (China New Car Assessment Program). “Great Wall Motors adopts a two prong growth strategy by focusing on the domestic and international market. However the requirements on entering developed European and North American markets
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Q+A: Peter Watson interview transcript
TVNZ
PETER Well, let’s look at the relationship between the United States and China. That reapproach took place back in the Nixon era, so the United States has enjoyed a very good relationship with China before, during and after the problems with New
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Drop in international adoptions sparks debate
USA Today
But of the top five countries from which Americans adopt, only China is a party to the convention. Countries that have shut down their adoption programs because of fraud and corruption include Vietnam, Nepal and Guatemala, which a few years ago was one
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KING: Immigration reality is not a media priority
Gwinnettdailypost.com
Mexico, sending about twice as many (139120) as No. 2, the People’s Republic of China, at 70863. The latest Department of Homeland Security annual immigration flow report titled “US Legal Permanent Residents: 2010” also tells us that No.
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Commodities Technical and Fundamental Analysis for July 25, 2011
Business Insider
Moreover, data from China on Thursday suggested demand is easing, which also contributed to the drop in prices on Friday. Traders will be focused on the latest developments in the United States regarding the debt ceiling deal, since the economic
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US behemoth military pointless’
Press TV
Now, the likelihood of either Russia or China today carrying out a wide scale nuclear attack on the United States, or Europe is infinitesimal, not to say wholly unlikely. I mean [it is] akin to winning the lottery three times in a row.
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7 mistakes journalists make when covering the debt ceiling debate (& how to
Poynter.org
“According to the economist Carmen Reinhart, the US defaulted on international debt in 1790. She also says that we defaulted on gold obligations in 1933,” Smith said. “Plus, many states have defaulted.” Mistake #5: The US debt is mostly owned by China.
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