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U.S. China News 2011.08.10

Wed, August 10, 2011

US turns other cheek at China debt lashing
AFP
Wen’s intervention was seen by some observers as an attempt to cool anxiety over ChinaUS tensions following plunges on global stock indices which led to fears of a new global recession which neither China nor Washington desires.
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China says U.S. likely to launch QE III easing
Reuters
BEIJING (Reuters) – China’s price rises may have peaked but the country still faces inflationary risks, including the possibility of a new round of monetary easing by the United States, China’s top economic planner said on Wednesday.
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China Mainly Blames US and India for 500000 Cyber Attacks Last Year
International Business Times
And the main state actor behind these attacks according to many security experts points towards China. United States, Taiwan, India, South Korea, Vietnam and Canada, including defense contractors to high tech enterprises have been affected by these
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Op-Ed: Two Down (Europe, USA), One to Go (China)
DigitalJournal.com
In an effort to sanitize humungous export proceeds, China amassed trillions of dollars worth of foreign exchange reserves, mostly invested in American treasury bonds, creating a dangerous exposure to the US dollar. Mounting sovereign debts crises in
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Analysis: Is China left holding the credit baby?
Reuters
It’s little wonder one of the most anxious governments over the past week has been creditor China — where state media decried US debt addiction and “short-sighted” political budget rows — as much as debtor America or teetering Italy or Spain.
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Critics Question US Aid to China Amid Debt Woes
Fox News
James Inofe also say it is time to cut China off from the taxpayer gravy train. Both the United Kingdom and Australia announced earlier this year they would no longer provide direct assistance to China. Clayton Dube, director of the USChina Institute
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US China Mining Group, Inc. to Host Second Quarter 2011 Earnings Conference
MarketWatch (press release)
10, 2011 /PRNewswire via COMTEX/ — US China Mining Group, Inc., (“US China Mining”) (otcqb:SGZH) a Chinese leader in coal production and exploration in the People’s Republic of China, today announced that it will hold its second quarter 2011 financial
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With the West in Decline, US Growth Now Depends on China
Minyanville.com
Sales volumes for Coca-Cola (KO) in China grew by 23%, and the company has doubled its mainland business during the past five years. Management from Yum! Brands (YUM) recently said, “… we had simply outstanding results in China while US performance
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U.S. and Mexico Refer China to WTO Over Rare-Earth Restrictions
Business China
August 10, China has been accused of protectionism in its rare-earth policy in a lawsuit jointly submitted to the World Trade Organization by the US and Mexico, the National Business Daily reported, citing Gan Yong, assistant dean at the Chinese
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China and the US: An Economic Turning Point?
The Takeaway
Yesterday, US Treasury secretary Timothy Geithner spoke by phone with his Chinese counterpart, Vice Premier Wang Qishan, to discuss the challenges facing global markets after a tumultuous week for the US economy. China’s stock market plunged on Monday
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Stocks tumble amid China data, US debt
China Daily
The Hang Seng China Enterprises Index fell 6.19 percent to 10426.07 after mainland inflation accelerated in July and industrial output rose less than estimated. “The US simply lost credibility and the confidence of investors,” said Francis Lun,
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Locke heads to China as U.S. ambassador: There will be some difficult issues
Seattle Post Intelligencer (blog)
US agricultural exports are expected to reach an all-time high…and a lot of that will be going to China,” he explained. “We’ll always try to open more markets in China to US goods and services. One of the great experiences that I have coming from
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US Shells Out Aid for Africa as China, Russia Hold Back
Fox News
The United States is stepping up aid to the drought-stricken Horn of Africa in spite of deep deficit problems, while the countries that have snickered on the sidelines about America’s cash crunch, specifically Russia and China, are giving pennies on
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Bush foresees improvement in USChina ties
China Daily
BEIJING – Former US President George W. Bush wrote in his memoir that he is optimistic about the USChina relationship, calling for it to improve in the future. “When I first came to Beijing thirty-six years ago, it was almost impossible to imagine the
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What’s Happening to US Manufacturing?
Huffington Post (blog)
Beginning in late 2003, Oneida closed five factories in the US, Mexico, Italy and China. Libbey Glass CEO John Meier blames “unfair trade” and the fact that the US government is allowing foreign governments “to get away with subsidizing their producers
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World Still Sees Value In US Investments
NPR
Despite the debt downgrade and recent upheavals in the stock market, foreign investors still consider the United States a good place to put their money for the long haul. Never mind China, India and Brazil. The US still attracts easily the most foreign
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China and the US talk
Manila Bulletin
This means, according to Admiral Mike Mullen, Chairman of the US Joint Chiefs of Staff, that the military relationship between the United States and China is one of the most important in the world today. Last January, Robert Gates,
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US wireless patent giant files legal actions against China’s Huawei and ZTE
China Daily
By Hao Nan (China Daily) A US company with a massive wireless patent portfolio has lodged a complaint with the US International Trade Commission (ITC) against Chinese telecom equipment giants Huawei Technologies Co and ZTE Corp alleging unfair trade
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US Feeds the World, While Russia and China Criticize Our Debt
Fox News
Sadly, two large countries are not bucking up with money, China and Russia. The United States which is the largest donor has given almost 73 million dollars. President Obama has pledged $105 million dollars for this year. It is a bipartisan effort with
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Smart-Grid Growth Shifts From US To China, Europe
Investor’s Business Daily
By REINHARDT KRAUSE, INVESTOR’S BUSINESS DAILY Posted 08/09/2011 05:52 PM ET US companies will be hard-pressed to win business competing against local suppliers in China and Europe, analysts say. In the US, economic stimulus funds doled out in 2009
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China Mainly Blames US and India for 500000 Cyber Attacks Last Year
Datamation
More than half of those attacks originated in other countries, most commonly the US (15 percent) and India (8 percent). A Chinese report says that the most common type of attack was a Trojan. China had previously responded to the cyber espionage
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China Denounces American “cowardice” after US Downgrade
Forex News Now
China, which is by far the largest creditor of the United States, urged Washington to stop living beyond its means and warned that the Chinese central bank would continue to diversify its investments in foreign currencies because of the threats on the
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China Trade Surplus US$31.48B
Live Trading News
China’s trade surplus rose sharply to US$31.48-B in July from June’s US$22.27-B, the General Administration of Customs (GAC) said Wednesday. July exports rose 20.4% YY to reach US$175.128-B, compared with 17.9%in June. Imports increased 22.9% from a
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China launches first aircraft carrier on maiden sea trial
Reuters
The United States operates 11 carriers. Before the launch, a Pentagon spokesman played down the likelihood of any immediate leaps from China’s carrier program. US experts on the Chinese navy agreed. “A newly-wed couple wants a ‘starter home’,
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China readies smartphone invasion of U.S.
GigaOm
Both the sales growth and market expansion of ZTE remind me of another China handset maker, Huawei, which just last week introduced a new Android 2.3 handset. The Huawei Vision offers mid-tier specifications in a high-end look, but the price isn’t set.
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China ADRs Gain on Fed Policy Statement, Domestic Growth Outlook
Bloomberg
By Belinda Cao – Tue Aug 09 22:35:58 GMT 2011 China’s American depositary receipts rose, ending five days of declines for the benchmark index, after the Federal Reserve pledged to keep benchmark US interest rate at a record low at least through
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US Soccer Gets New Sponsor, US Open Gets Hot, Hoops Hall Gets Ready
The Big Lead
Yingli Green Energy, based in China, has signed a multi-year deal to become the first “official renewable energy partner” of US Soccer and the US Men’s, Women’s and Youth National teams. Financial terms of the agreement, which runs through the end of
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“Made in USA” Chopsticks Popular in China
CRIENGLISH.com
By Tom McGregor American companies can prevail by exporting to China even if the products they sell include chopsticks. A company based in the southern US state of Georgia has been exporting millions of pairs of wooden chopsticks to China annually.
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METALS-Copper surges with US stocks after Fed statement
Reuters
* China refined copper production hits record high in July (Recasts. Rewrites throughout. Updates prices, adds US comment, changes byline, dateline) By Carole Vaporean NEW YORK, Aug 9 (Reuters) – Copper prices soared more than 2 percent in after-hours
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Injury clouds Clijsters’ bid for US Open three-peat
Reuters
Kim Clijsters of Belgium reacts during her match against Jie Zheng of China at the Rogers Cup women’s tennis tournament in Toronto, August 9, 2011. By Frank Pingue TORONTO (Reuters) – World number two Kim Clijsters withdrew from her opening match at
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China interest rates on hold, for now: report
Reuters
“In the short term, China’s monetary policy will enter a period of silence, and high inflation may not trigger an immediate rate rise in China,” it said on Wednesday. In contrast to the US Federal Reserve, which has promised to keep interest rates near
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Disney rolls dice in China
Asia Times Online
America’s Walt Disney Company is playing that game on multiple levels with its resorts in China. Surprisingly, Shanghai Disney Resort, a US$4.4 billion theme park project, lands on the small side. facilities, a 27900 square meter (900000 square foot)
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China warns against US military spending
Press TV
China has lashed out at the United States for military intervention in other countries, saying such acts can endanger the US economy. Beijing warned Washington that military meddling abroad could also “seriously impede stable development of the global
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Apple, Disney and Ikea Stores: The Ultimate Knockoffs?
DailyFinance
Indeed, amid high rates of US unemployment and concerns about China as the recently downgraded US Treasury’s largest creditor, it’s hard to dissociate the media frenzy about copycat stores from larger fears about China overtaking the US as the world’s
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Fed move fails to boost confidence
China Daily
By Zhang Yuwei and Lu Chang (China Daily) NEW YORK / BEIJING – United States stocks swung wildly but rallied in late trading after the Federal Reserve said Tuesday it will keep benchmark interest rates at near zero through 2013 to boost the flagging US
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GDF Suez and China negotiating US$4bn alliance
Industrial Fuels and Power
GDF Suez (EPA:GSZ) and China Investment Corp (CIC) are in exclusive talks to seal a US$4bn alliance that will help the French utility to fund its expansion in a surging Asian market as well offering Beijing access to new energy resources.
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Senator targets fake IDs
liherald.com
Schumer held a press conference at Kasey’s American Grill, on Park Avenue, to denounce the fake IDs that are being bought in bulk from vendors in China and that are nearly undetectable by bar employees. “These IDs are nothing more than a free pass for
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Landing in Beijing amid China’s rush to a shining future
Boston Globe
By Alice Gregory Despite the hoards of Ivy Leaguers majoring in East Asian Studies and the constant alarmist media attention about China’s imminent world domination, most of us still have a hard time even wrapping our heads around China’s basic
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What To Buy In This Crazy Market?
Forbes
If certain commodity prices – particularly oil — begin rising again under any new US stimulus package, that would be a big drag on countries like China and India, who are hoping falling oil prices will help it with its inflation problems.
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MarketsandMarkets: World Healthcare IT Market Expected to be US$ 162.2 Billion
Sacramento Bee
Implementation of nationwide health records in the US, Europe, China, and all the other major markets depends upon the government initiatives. With the changing terms between clients and vendors, the markets offer huge opportunity for domain specific
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China to Announce Policy for Seven New Industries
Seeking Alpha
While global markets experienced massive selloffs on Tuesday following a US market selloff on Monday, China’s markets stabilized with a slightly positive close, a sign that is seen as a positive reading on July CPI data, which was 6.5%;
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Spotlight Vol. 10 No. 13: What Do Problems For China’s High Speed Rail Mean
Regional Plan Association
So, do China’s recent problems suggest that the United States should quit pursuing high-speed rail? Not at all. Recent events should rightfully dampen the exuberance that led China to ignore safety considerations. Yet, American observers would be wrong
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