Skip to content

U.S. China News 2011.08.04

Thu, August 4, 2011

China Stocks Rise on US Stimulus Speculation, Aircraft Industry Support
Bloomberg
By Bloomberg News – Thu Aug 04 08:19:25 GMT 2011 China’s stocks rose for the first time in three days on speculation the Federal Reserve may consider another program to stimulate the world’s biggest economy to prevent a recession.
See all stories on this topic »

Fitness fiends in China, US drive Adidas sales
CANOE
ID:nLDE76R0WD Sales in China in the quarter to end June jumped 41 percent, while North American sales rose 5 percent. Hainer said these growth rates would not continue in China over the second half as comparatives got tougher, but said the group still
See all stories on this topic »

US oil giant says China spill worse than thought
AFP
BEIJING — A massive oil spill off northeast China may be worse than first thought, the US energy giant behind the leak said, after authorities ordered it to clean up the sea bed by Sunday. ConocoPhillips said it was still estimating the amount of oil
See all stories on this topic »

China Wastes No Time in US Credit Rating Downgrade
Money Morning
Roach said China is “moving now to embrace a new model which will stimulate internal private consumption.” PBOC Governor Zhou said China hoped US officials would take more responsibility in handling the country’s debt issues, because the resulting
See all stories on this topic »

China Drinks Republican Kool-Aid, Blasts US Over Debt Crisis
Business Insider
Okay, keep in mind that China owns a shitload of dollar assets and, like any creditor, is first and foremost concerned about protecting its investment. Therefore an out-of-control US budget deficit is a genuine source of concern, since an ever-larger
See all stories on this topic »

China to Power Global, US Growth
Investing Daily
Brands (NYSE: YUM) recently said, “… we had simply outstanding results in China while US performance was poor.” McDonald’s (NYSE: MCD) said that China accounted for 66 percent of new overseas openings this year, and the number of new stores in China
See all stories on this topic »

US Questions Cyber-Enemies Blamed in ‘RAT’ Security Breach, China Silent
International Business Times
Government agencies in India, South Korea, Taiwan, and the US were attacked, plus high-profile targets like the International Olympic Committee. “Operation Shady RAT,” an effort by a single hacker or group of hackers reported to be from China,
See all stories on this topic »

American entrepreneur makes disposable chopsticks for China
9NEWS.com
Many Americans are wary of all the products China ships to the US and the wide trade gap between the two nations. But one entrepreneur from Georgia is cutting against the grain. He’s making chopsticks and selling them to China at the rate of four
See all stories on this topic »

Gary Locke swears in as US Ambassador to China
Northwest Asian Weekly
US Ambassador to China Gary Locke is sworn in by US Secretary of State Hillary Clinton. (Photo from Judd Lee) US Commerce Secretary Gary Locke formally resigned Monday, Aug. 1, and was sworn-in by Secretary of State Hillary Clinton as US Ambassador to
See all stories on this topic »

Obama and the Defense of Taiwan
Wall Street Journal
But if the Administration gives in, China will conclude it can intimidate the US from assisting its allies, Taiwan’s democracy will be under increasing threat, and the US could pay a heavy price later. The US is bound under the Taiwan Relations Act to
See all stories on this topic »

Lawmakers Scramble to Keep Voice of America On Air in China
Fox News
“We believe the administration’s proposal will hinder indigenous democracy movements in China and damage the long-term security of our own country,” they wrote. “Sacrificing US broadcasting abilities while China’s authoritarian regime expands its
See all stories on this topic »

Aggie Head Coach Heads To China To Coach USA In World University Games
KBTX
COLLEGE STATION, TX — Eight men and two women have been chosen to represent the United States in judo at the World University Games, in Shenzhen, China in August. The judo competition will take place on August 13-17. In addition to the ten competitors
See all stories on this topic »

Will iPhone 5 Surprise Us With 4G TD-LTE? China Mobile Thinks So [Report]
Cult of Mac
“Pre-paid or unlocked phones (phones without contract) are very key in China. And very key in a number of emerging markets where credit systems are not as well established as in Western Europe, USA, Japan, etc. The iPhone volume for the first 3
See all stories on this topic »

Even after default scare, US Treasuries remain safest
Reuters
Treasuries also appear likely to be money managers’ top choice in the second half of the year as investors confront risks to the global economy ranging from a deceleration in China’s growth rate to persistent sovereign-debt turmoil in Europe.
See all stories on this topic »

What Is the East Turkestan Islamic Movement?
Voice of America
Regional terrorism analysts say this is not the first time that China has blamed the group for attacks and, most likely, not the last. But what is ETIM? What do the United States and China know about the group and their history and their connections to
See all stories on this topic »

Darius Miller named to Team USA for World University Games in China
KyForward.com
7, with two practices each day at the US Olympic Training Center, and will depart for China on Aug. 8. The team will play exhibition contest against New Century, a Chinese Basketball Association professional team, in Huizho, China, on Aug.
See all stories on this topic »

The Daily Dig: Should the US Be Exporting Coal to China?
The Infrastructurist
A battle over a proposed port terminal in Washington state has led to broader questions about whether economics and jobs should trump concerns over helping support China’s environmentally-questionable energy use. (McClatchy) • Democrats went on the
See all stories on this topic »

China’s Tudou To Raise Up To $180 Million In US Stock Offer
Forbes (blog)
By ERIC SAVITZ China-based Web video company Tudou disclosed in an SEC filing this afternoon that it expects to price an offering of 6 million American depositary shares at between $28 and $30 apiece. Each ADS represents 4 Tudou ordinary shares.
See all stories on this topic »

U.S. Assistance to Mekong Region Aimed at Preventing Cross Border Conflict
Voice of America
I think it is clearly the case that the world, not just the region, the world recognizes the need for all of us to work together to address these border-less problems.” Although the dispute about conflicting claims in the South China Sea took center
See all stories on this topic »

Don’t grow the way US did: Jeffrey Sachs to India
Economic Times
NEW DELHI: India and China should not grow the American way and must pay adequate attention to the environment with proper policy to guide future action by both policymakers and stake-holders, green evangelist and economist Jeffrey Sachs has said.
See all stories on this topic »

Trial Set in Fight Over China MediaExpress Records
ABC News
Starr filed a separate lawsuit against China MediaExpress in March in US District Court in Wilmington, alleging that the company misrepresented its financial performance in order to attract investors. The suit claims that shares for which Starr paid
See all stories on this topic »

Book Talk: Social, culinary minefields in rural China
Reuters
Galvanized by the September 11 attacks on the United States, Michael Levy joined the Peace Corps and found himself on a plane for central China. His misconceptions about Chinese people, and his vegetarianism, fell by the wayside as he labored to learn
See all stories on this topic »

Analysis: Brazil’s security blanket in debt crisis – China
Reuters
Yet Brazil’s China connection should keep the worst at bay, insulating the country on two levels. On a microeconomic level, Brazilian companies are less vulnerable to a downturn among their US counterparts. On the macro-economic side, it means Brazil
See all stories on this topic »

Japan at peace with China cash
Asia Times Online
But when it is a question of getting Chinese money into Japan, attitudes change in favor of China. In the United States, it is the opposite. If Chinese money in US stocks and real estate increases, Americans look at it with suspicion.
See all stories on this topic »

Rio Tinto Says U.S., EU Debt Problems a Risk
Wall Street Journal
It is also investing in a prospective iron-ore deposit in Guinea with partner and shareholder Aluminum Corp. of China, or Chinalco, and this year added to its coking-coal reserves with the $4 billion acquisition of Mozambique-focused Riversdale Mining
See all stories on this topic »

Bleum, one of China’s leading IT service providers to American and European
PR Urgent
Bleum, one of China’s leading IT service providers to American and European companies, has become a Gold Sponsor of Golden Networking’s High-Frequency Trading Leaders Forum 2011, “How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash
See all stories on this topic »

US Government Recruits will.i.am to Improve Relations with China
PopCrush
Could a shared love of music improve relations between America and China? The US government thinks it can’t hurt, and has tapped will.i.am to lead a benefit concert aimed at encouraging more American students to study in China.
See all stories on this topic »

A Double Dip? How Do We Protect Ourselves?
Benzinga
GM is one of the two largest car firms in China along with VW. Large US corporations like Wal-Mart and Yum Brands rely heavily on China to boost global sales. Without vibrant consumer spending in China, American companies suffer.
See all stories on this topic »

China lags US in entrepreneurs
Bizmology
by James Bryant Amid the political theater of the US debt ceiling crisis and fears of a double-dip recession, China still looms large as the chief antagonist to the US position as the world’s economic powerhouse. It is estimated that by as early as
See all stories on this topic »

U.S. finalizes roster for World University Games
ESPN
USA Basketball has announced the final 12-member roster that will play in the World University Games this month in China. West Virginia center Aaric Murray and UConn guard Shabazz Napier were the last two players cut Wednesday after six days of
See all stories on this topic »

Emerging-Market Stocks Drop for Third Day on Concern U.S. Recovery Slowing
Bloomberg
Taiwan’s Taiex index declined 1.7 percent and the Hang Seng China Enterprises Index of Chinese companies’ H shares retreated 1 percent. Developing nation stocks are set for their largest weekly declines since May 2010 after US reports this week on
See all stories on this topic »

China accuses Japan of exaggerating it as a military threat
Reuters
“(Japan is) beset by a long-standing Cold War mentality, and is trapped in the myth of the Japanese-American alliance … (it) has a powerful impulse to shed the constraints of the purely self-defense policy advocated in its post-war peace constitution
See all stories on this topic »

Harbin Electric Recovers From 19% Plunge After Rebutting U.S. Short Seller
Bloomberg
Chinese companies trading in the US such as China MediaExpress Holdings Inc. (CCME) have faced investor scrutiny this year after disclosing financial irregularities or auditor resignations, raising concern there may be widespread fraud.
See all stories on this topic »

Mr. President: Skip the Bus Tour, Fix the Jobs Problem
Fox Business
The US trade deficit is now close to $600 billion annually, and oil and the deficit on trade with China account for nearly all of it. Simply, the US economy suffers from too little demand for what Americans make, and every dollar that goes abroad to
See all stories on this topic »

Hong Kong shares drop for third day, cement pushes China stocks up
Reuters
By Clement Tan and Vikram Subhedar HONG KONG, Aug 4 (Reuters) – Hong Kong shares fell for a third-straight session on Thursday, with cyclicals and small cap stock losing the most, ahead of US payrolls data on Friday, while cement shares led the China
See all stories on this topic »

Tom Walsh: Sergio Marchionne warns about rising Chinese auto industry
Detroit Free Press
The viability of Chrysler and other automakers depends not on their short-term position in the US or Europe, but on whether they can compete long-term all around the world — with rivals from China, South Korea or South America. Even assuming China was
See all stories on this topic »

Ryan Lochte pulls out of US swimming championships because of fatigue
San Jose Mercury News
He won five gold medals at the FINA World Championships in China last week to emerge as the swimmer to watch heading to the London Games. Matt Grevers won the race Wednesday in 53.14 seconds, followed by Nick Thoman (53.57) and then a fading Lochte
See all stories on this topic »

Notre Dame women’s basketball: China up next for Diggins, Peters, Novosel
South Bend Tribune
They are now part of the 12-player USA Team that will play in the World University Games Aug. 14-21 in Shenzhen, China. It is the first time three Irish have made the same USA Team. “It’s obviously a historic day for the Notre Dame women’s basketball
See all stories on this topic »

Confronting China
DAWN.com
At the very time of grave differences between the US and China, Washington decided to play the Dalai Lama card. So just after America’s highest ranking military officer, the loose-mouthed Mullen, visited Beijing and declared “I told the Chinese,
See all stories on this topic »

Ahead of the Bell: Texas Instruments
BusinessWeek
Semiconductor manufacturer Texas Instruments Inc. could be weakened by a slowdown in key industrial and consumer markets in China and the US, according to a Sterne Agee analyst who downgraded the shares Wednesday. Sterne Agee analyst Vijay Rakesh said
See all stories on this topic »

Six-Party States Continue Push for New Talks
Global Security Newswire
North Korean Vice Foreign Minister Kim Kye Gwan was expected in China following his meeting last week with US officials in New York. Meanwhile, South Korea’s top diplomat was scheduled to visit Russia for discussions on issues including the North
See all stories on this topic »

Criticism of China on agenda at RNC session
Washington Times
By Ralph Z. Hallow A resolution condemning communist China for hacking into sensitive US computers and endangering national security is one of several China-related events on tap at the Republican National Committee’s summer meeting here, the city that
See all stories on this topic »

The debt deal is bad for the US
Houma Courier
Any president of the US who continues reckless spending should not be allowed to be reelected for another term. The global markets are banking on this country to get it straight; otherwise this country will be owned by China in the coming years.
See all stories on this topic »

Tea Party debt triumph damages U.S. global standing
Examiner.com
China, the largest foreign holder of US debt, expressed outrage through its state wire service, calling the political brinkmanship in Washington “dangerously irresponsible” because the well-being of many other countries was put at risk.
See all stories on this topic »

Ogwumike sisters to play for US
San Jose Mercury News
Stanford’s sibling duo of Nnemkadi and Chiney Ogwumike was named to the 12-player 2011 USA Basketball World University Games Team roster. The team will participate in the event’s women’s basketball tournament from Aug. 14-21 in Shenzhen, China.
See all stories on this topic »

Rau’shee Warren tries to correct his Olympic boxing mistake made in Beijing
New York Daily News
BY Tim Smith US boxer Rau’shee Warren (r.) fights against South Korea’s OkSung Lee in the 2008 Olympics. MOBILE, Ala. – Rau’shee Warren was just a kid when made his first US Olympic boxing team. He was just 16 when he made the 2004 team, becoming the
See all stories on this topic »

Talk of the Day — Cyberattack from China? Beyond reasonable doubt
Focus Taiwan News Channel
Major local newspapers cited cybersecurity experts at home and abroad as reporting Thursday that China is the most likely culprit. The McAfee report said organizations in the United States constituted 49 of the 72 targets in the hacking,
See all stories on this topic »

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: