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U.S. China News 2011.07.29

Fri, July 29, 2011

China Should Buy U.S. Stocks Over Treasuries, Economist Xie Says
San Francisco Chronicle
July 29 (Bloomberg) — China should buy US stocks instead of Treasuries as they may be safer investments amid concerns about a US debt default or credit-rating downgrades, according to Andy Xie, an independent economist. “The US stock market can be a
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China news agency lambastes U.S. for debt crisis
Reuters
BEIJING (Reuters) – China’s state-run news agency has sharply criticized US politicians for flirting with a disastrous debt default, saying the world’s largest economy has been “kidnapped” by “dangerously irresponsible” US politics.
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AIA shines as HK, China shrs drift lower on US debt impasse
Reuters
By Vikram Subhedar and Clement Tan HONG KONG, July 29 (Reuters) – Hong Kong and China shares fell on Friday, poised to end the week lower as partisan gridlock on US debt talks kept markets choppy, turnover low and investors on the sidelines despite
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A test of will
Financial Times
Aaron Friedberg, Yan Xuetong and Brahma Chellaney represent the hawkish pole of opinion in their respective nations, the US, China and India. All of them foresee a future of growing inter-state rivalry – and none of them discount the possibility of war
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China Fears US Debt Default, But Has Few Options
NPR
The song dates back to last year, but its point about the economic co-dependence between China and the US is as true as ever today. Chovanec says despite being the banker, China’s still in a vulnerable position. “If you owe the bank a million dollars,
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Senate confirms Locke as new envoy
China Daily
At the time of his nomination in March, China welcomed the prospect of his arrival in Beijing. “ChinaUS relations are highly important. We hope the new US ambassador to China will play a positive role in promoting greater development in bilateral
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Campaign blames firm for printing pro-US book in China
Milwaukee Journal Sentinel (blog)
The greatest of all is being born an American.” Lower down on the same page, however, the self-published book indicates it was “printed in China.” The same is true of her second book, “Girls Play Hockey Too!” Simac could not be reached for comment,
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Hollywood’s Global Expansion: New Markets, More Diversity, Bigger Profits
Reuters
Overall, IMAX is predicting that the United States can support 450 screens, while foreign markets can shoulder an additional 800. China, with its strict cap on the number of foreign films allowed to be released within its borders, continues to be a
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U.S. Commodities Day Ahead: Chile Copper Mine Strike Prolonged
Bloomberg
Chinese stocks will outperform the rest of Asia this year as inflation slows in the world’s second- biggest economy and the political stalemate over US debt ends, according to HSBC Holdings Plc. China should buy US stocks instead of Treasuries as they
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Rolls-Royce Motor CEO: China and U.S. Sales Neck-and-Neck
CNBC.com
Q. China has already surpassed the UK in terms of sales. Is it only a matter of time before it overtakes the US as your biggest market one day? It is an interesting race and I am looking carefully into the race. We see a very close race between the
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China and Russia Are Snubbing American Chicken
BusinessWeek
That equation is now changing as China and Russia reduce imports and increase their domestic supplies, leaving dark meat piling up in the US Compounding the pain for producers such as Tyson Foods, Sanderson Farms, and Pilgrim’s Pride, feed costs are
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ECFA saved local firms US$53m in tariffs: BOFT
Taipei Times
The data were released ahead of the latest round of cross-strait trade talks to be held in China next month to discuss investment protection and other issues. Imports from China amounted to US$21.93 billion during the January–to-June period,
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Corn Imports by China May Gain to Record on State Re-Stocking, Hog Herds
Bloomberg
Yigu runs the biggest corn-information website in China by readership. Purchases by China may further drain US inventories, forecast to be at the lowest level since 1996 before the 2012 harvest, and help extend a 75 percent gain in Chicago futures in
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House Foreign Affairs Subcommittee on Oversight and Investigations Hearing
Middle East North Africa Financial Network
The most visible part of this triangular relationship was the USChina-Pakistan cooperation in supplying the anti-Soviet resistance in Afghanistan from 1979 through 1989. Valentine’s Day 1989, the withdrawal of Soviet troops from Afghanistan marked the
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Shallow agreement in the South China Sea
Asia Times Online
Security analysts note that in a potential conflict between the US and China, US warships could move to block China’s fuel shipments through the narrow Malacca Straits. After last week’s ARF meeting, Clinton called the deal on guidelines an “important
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China piracy sweep nets fake Tibetan books, porn films
Reuters
BEIJING (Reuters) – China’s latest crackdown on intellectual property piracy has netted more than 20000 fake Tibetan-language text books, 90000 copies of a well-known Chinese film as well as porn films, state media said on Friday. The United States and
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Reactions mixed to aircraft carrier
China Daily
US officials pointed to a US Navy intelligence estimate that China would still have only “very limited” aircraft carrier proficiency and capabilities by 2020, even if its carrier program proceeded as expected, the report said.
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Crash won’t slow overseas rail plans
China Daily
By Todd Balazovic and Zhong Nan (China Daily) BEIJING – Leading European investors and US lobby groups have said the recent high-speed train crash near Wenzhou, Zhejiang province, that killed 39 people, will have little impact on their plans to source
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The Tables Have Turned: China Scolds American Politicians on Debt Crisis
Wall St. Cheat Sheet
In spite of its criticism, the article’s authors acknowledged the realities of China’s dependence on US bonds, and its lack of investment alternatives at the moment.”What can’t be helped is that US Treasury bonds (NYSE:TLT) are still the safest,
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US opens regional trade gambit in Asia
Asia Times Online
A pro-US camp and a pro-China camp may be too crude an array of forces when the US and China are themselves joined at the hip through the mechanism of American Treasury bonds. But the intense security competition between Washington and Beijing,
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New US drug regulator asks Congress for more power
Reuters
Autor has been making these arguments for at least three years, ever since a contaminant-laced blood thinner, heparin, made its way to the United States from China, killing 81 people and sparking lengthy congressional hearings about the FDA’s authority
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4 Reasons Why USChina Collaboration is Critical to Sustainability
GreenBiz.com (blog)
A sustainable economy depends on USChina (and Euro-China) cooperation. Indeed, these themes were echoed by Chinese Premier Wen Jiabao, writing just a couple of weeks later in the Financial Times, that to rein in price pressures, China is committed to
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Americans Are Taking Note of the China Threat
NewsMax.com
I am just curious if you have succeeded in swaying the American public’s minds.” In her email on July 16, Karen L. wrote: “Thank you for continuing to write your columns about the state of US/China relations and the fact that China is our major threat
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China Blasts US on Debt Ceiling
The Diplomat
By Jason Miks China has waded into the debate on the current (chaotic) US debt ceiling negotiations, with an editorial in the official Xinhua News Agency labelling US lawmakers ‘dangerously irresponsible’ for failing to come to an agreement.
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UPDATE 1-Volvo recalls 8400 cars in US for steering issue
Reuters
DETROIT, July 29 (Reuters) – Volvo Cars, owned by China’s Geely, is recalling 8406 S80 cars for a potential power steering fluid problem that could increase the risk of a crash, according to a federal safety regulator website.
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Slowing China, US weigh on exports
The Standard
Local export growth slowed in June as demand from the United States dropped and sales to the mainland and Europe climbed moderately. Overseas shipments gained 9.2 percent from a year earlier to HK$292 billion , the government said.
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11:07 Brazil, China, Italy, US earn spots into gold-medal semifinal round
Andina – Agencia Peruana de Noticias
Italy won the pool, while the United States earned the group’s second entry into the gold medal semifinal round based on group points earned. In Pool F in Trujillo, Brazil defeated China 29-27, 25-19, 25-20 in a battle of unbeaten teams in the second
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Kissinger tells Darien audience about state of China
Stamford Advocate
He regaled them about his experiences — sometimes humorous — during the early years of dealing with Chinese, and how the United States and China stumbled into the “ping pong diplomacy” that warmed relations between the two countries.
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YAN-YING LIU v. ATTORNEY GENERAL OF U.S.
Leagle.com
Liu, a native and citizen of China, arrived in the United States in April 1996. Upon her arrival, an Immigration and Naturalization Service officer determined that Liu appeared to be excludable because she did not possess or present the proper
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CEO of Brazil’s Vale upbeat on iron ore market
MarketWatch
BR) is “very positive” about prospects for the global iron ore market over the next five years, with growth in China leading demand and offsetting sluggishness in Europe and the US, CEO Murilo Ferreira said Friday. “Europe and the US face a challenging
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Mazda reports losses of US$327 million in April to June quarter
英文中國郵報
Quarterly sales revenue of 408 billion yen (US$5.2 billion) was down 29 percent from a year earlier. Mazda achieved record sales or market share in Australia, China, Thailand, Mexico, Indonesia and Malaysia, it said. Mazda acknowledged that concerns
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FINA World Championships, Swimming: US Dominates Women’s 800 Free Relay With
SwimmingWorldMagazine.com
That swim far surpassed the textile best of 7:50.09 set by the US back at the 2007 World Championships in Melbourne. The win returned the 800 free relay title to the US after China won in 2009. The US has now won four out of the past five women’s 800
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US data, debt-talks stalemate weaken equities
China Daily
By Irene Shen (China Daily) SHANGHAI – Stocks on the Chinese mainland fell for the first time in three days as a drop in US durable-goods orders and a stalemate over the US debt limit boosted concerns global economic growth will falter.
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Dell Streak 10 Pro debuts in China
CNET
A 10-inch tablet will launch in the US later, though it’s not clear when. Dell already markets smaller tablets in the US, such as the Dell Streak 7, and a hybrid product, the Inspiron Duo. There are roughly 10000 stores that sell Dell products in China
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ADB warns on China slowdown
China Daily
The risk of the US sovereign rating being cut to AA from AAA is likely to increase borrowing costs and accelerate the depreciation of the dollar, meaning losses for China and other countries that hold US Treasury securities in their foreign exchange
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GDP: US Must Focus on Its Strengths
TheStreet.com
Finally, China’s exchange-rate policy deprives US of growth in mid-range and high end manufacturing. If an economy doesn’t go with its strengths, it can’t create jobs in a globalized economy. President Obama will blame his predecessors and House GOP
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China corn imports to jump 50%, IGC
Agriculture.com
The increase in the forecast is significant as there has been widespread speculation in recent months that China may have purchased dozens of cargoes of US corn, with the reports, helping push benchmark US corn futures to record highs.
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Ryan Lochte takes great gold haul of China to four
The Australian
US swimmer Ryan Lochte shows off his 200m backstroke gold medal, along with Japan’s silver medallist Ryosuke Irie, right, and US bronze medallist Tyler Clary. Source: AFP IT was a medalless night for Australia, but American Ryan Lochte was confirmed as
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Growth in US Construction to Outpace GDP Over Next 10 Years
PR Newswire (press release)
Seven countries – China, US, India, Indonesia, Canada, Australia and Russia will account for two thirds of growth in global construction to 2020 say Global Construction Perspectives and Oxford Economics. Growth in China, India and the US will account
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Exposing Your Portfolio to China: 3 Great Opportunities
Seeking Alpha
Should the US default or even be downgraded, it is likely equities across the board will lose value. With this being said, I have produced a list of companies that have shown increasing revenue from China in recent years. China’s GDP has far outpaced
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Americans Have Near-Record Low Confidence In US Public Schools
Huffington Post
American confidence in public schools could fall further if more funding is slashed from education budgets, Gallup reports. The Beijing Olympics marked the advent of a new era in which China would emerge out of the mists of history — not as a
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US ‘almost out of time’ for debt deal: Obama
AFP
Chinese media attacked the United States over the debt wrangling, warning it could plunge the world into another recession. China is the top foreign holder of US debt with holdings at $1.16 trillion in May, according to US data, and has raised concerns
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