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U.S. China News 2011.08.12

Fri, August 12, 2011

Analysis: China costs start to worry US multinationals
Reuters
By Nick Zieminski NEW YORK (Reuters) – For years, low prices on China-sourced goods helped dampen inflation in the United States. Now China’s efforts to boost domestic consumer spending, reducing reliance on exports, are leading to higher costs for
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China Central Bank Says Debt Level in U.S., Developed Nations ‘Worrisome’
Bloomberg
Photographer: Sim Chi Yin/Bloomberg China’s central bank said that the US faces “debt sustainability” risks in the medium- and long-term, the latest expression of concern from the nation that is America’s biggest creditor.
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‘Made in China‘ and USA Imported Inflation
Seeking Alpha
There exists a widespread belief that Americans “don’t make anything anymore,” and that an enormous proportion of what Americans consume comes from China. This premise has led many to speculate that if the US dollar (USD) devalues relative to the Yuan
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China urges action on EU and US debt, to keep yuan policy
Reuters
By Langi Chiang MANADO, Indonesia, Aug 12 (Reuters) – China is worried about challenges that the European Union faces in the next two months and urged the bloc as well as the United States to hold down government debt, its trade minister said on Friday
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US, China can live in peace: Campbell
ABC Online
KURT CAMPBELL: Well look, do I think that China will pose a challenge to the United States and other countries in the region? The answer to that is absolutely yes. The key is going to be whether our two countries, the United States and China,
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22 more “fake” Apple Stores found in China; how many more are there?
Ars Technica
The whole story is just one of many reasons why China remains near the top of the US Trade Representative’s annual Priority Watch List, which highlights countries that the US believes are the most egregious intellectual property offenders.
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Family savings higher in China vs. US
Futurity: Research News
Researchers compared savings habits of households from two of the world’s most powerful economies: China and the United States. (Credit: iStockphoto) U. MISSOURI (US) — A study comparing household savings in the United States and China finds 59
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Is China’s Aircraft Carrier a Threat to US
defpro
Q1: Why is China deploying an aircraft carrier? A1: The acquisition of an aircraft carrier is driven in part by China’s desire for international prestige. The United States, United Kingdom, France, Russia, Spain, Italy, India, Brazil, and Thailand
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METALS-Copper slips on US data, demand concerns
Reuters
Copper slipped on Friday, for a second week of losses, following economic data that showed US consumer sentiment dropped to its lowest in three decades, compounding concerns about global economic growth and demand from top consumer China.
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U.S. Treasuries: Does China Have Anything to Complain About?
Seeking Alpha
In the past few days, official and quasi-official sources in China have been leveling harsh criticism at the US based on concerns about the value of China’s massive holdings of US Treasury securities. Do the Chinese have anything to legitimately
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Analysis: Japanese rare earth consumers set up shop in China
Reuters
That has prompted Hitachi Metals, the world’s top high-powered magnet maker, to contemplate moving production of its neodymium-based magnets to China and the United States, where a massive rare earth mine is set to reopen in 2012.
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CHINAUNITED STATES – KOREA US wants “explanations” from China about its
Spero News
A Korean source tells AsiaNews the ship was refitted because the US “cut defence spending”. This is threat to everyone, “especially Taiwan.” By Asia News Seoul – The United States “wants China to provide explanations about its new aircraft carrier.
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Analysis: Pinched US seen holding onto big Pacific presence
Reuters
Japanese and US analysts points to China’s rapid military build-up as a key reason for exercising caution. “I expect the United States to withdraw its troops from around the Middle East substantially,” said retired Japanese general Toshiyuki Shikata.
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US aircraft carrier in Hong Kong amid concern over China carrier
Monsters and Critics.com
The USS Ronald Reagan dropped anchor in the former British colony for a four-day port visit approved by Beijing and seen as a sign of generally improving military ties between the US and China. At a press briefing in Hong Kong Friday, strike group
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Hong Kong Stocks Rise on U.S. Jobless Report; Li & Fung Surges
Bloomberg
Cnooc Ltd. (883), China’s No. 1 offshore oil producer by market value, declined 0.6 percent, reversing earlier gains, as crude prices fell today. “The US data indicated the economy may not be as bad as before, and in very poor market sentiment,
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Football Sponsorship – US Soccer Partners with China’s Yingli Energy; Premier
World Football Insider
(FIFA) Yingli Green Energy is the first-ever renewable energy sponsor of US Soccer. “We are looking forward to our new partnership with Yingli Green Energy through 2014,” US Soccer president Sunil Gulati said in a statement.
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UCSB’s Johnson enjoying time in China for World University Games
KSBY San Luis Obispo News
UCSB men’s basketball star Orlando Johnson and the rest of Team USA arrived safely in China for the upcoming World University Games. The Americans played Japan in a scrimmage on Wednesday and will play an exhibition game against New Century of the
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Gauging the financial fallout
China Daily
By Xin Zhiming and David Bartram (China Daily) As the US and European debt crises unfold, China will have to chart a new path to growth, Xin Zhiming and David Bartram report. China is watching nervously as the United States and Europe scramble to deal
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Bovespa Stock Index Drops on Corporate Earnings, China Lending
San Francisco Chronicle
The real strengthened 1 percent to 1.6095 per US dollar. “In China, there’s concern about both rising inflation and a slowing economy,” Renato Bandeira de Mello, head of equity trading at Futura Corretora brokerage in Sao Paulo, said in a telephone
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Here Comes China’s Journalism
The New American
The widely distributed issue of China Daily (July 15-17) featured a full-page broadside declaring in large print (in Chinese and English): “China Daily USA Congratulates the First ChinaUS Governors Forum, Welcomes Governors and Distinguished Guests
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Love for China blooms in heart of American
China Daily
Eunice Moe Brock was born in Hebei, and, although she lived in the US for decades, the 94-year-old has returned to China to share her passion for flowers. Thanks to Eunice Moe Brock, a 94-year-old grandmother from the United States, flower lovers in
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Winning global confidence
Sydney Morning Herald
Just nine days after the US announced a plan to cut defence spending by $US400 billion over 10 years, China put its first aircraft carrier to sea. One week after Standard & Poor’s downgraded the creditworthiness of US government bonds, an adviser to
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US wants more transparency on China’s first…
defpro
08:33 GMT, August 12, 2011 WASHINGTON | The United States is worried by the lack of transparency about China’s first aircraft carrier, which made its maiden voyage on Wednesday, a US State Department spokeswoman said, according to RIA Novosti.
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US oil giant admits to massive China oil spill
RFI
By RFI A huge oil spill off China’s north-east coast was far more extensive than first thought, said the US oil giant behind it, ConocoPhillips, in a statement Friday. More than 2100 barrels of oil and oil-based mud – a substance used as a lubricant in
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Capital Appreciation
TIME
Without setting up a moral equivalency between China and the US, Scocca encourages us to remember their commonalities, especially salutary now, as influential books and articles continue to present the nations as polar opposites.
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Friends and family remember China Daily reporter
China Daily
By Tan Yingzi (China Daily) WASHINGTON – More than 60 friends and colleagues from China and the United States attended a memorial service to pay tribute to China Daily veteran reporter Li Xing on Thursday morning. Li, 54, was struck by a cerebral
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The U.S. still has a promising future
Kansas City Star
Additionally, even many key neutral countries like India and Indonesia prefer to work with us rather than against us on most global security matters. By contrast, Russia’s limited alliances feature standouts like Belarus, and China’s only formal
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The pain to come for Chinese exports
Asia Times Online
China is by far the largest foreign holder of US debt, with holdings of US$1.16 trillion in May, US Treasury Department data showed. It is estimated that 70% of China’s US$3.2 trillion foreign reserves are dollar assets. Still, independent economist
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A Stunning, High-Speed Recovery for European and North American Auto Suppliers
Financial Post
After undergoing the biggest downturn in history, worldwide automobile sales will likely hit a new record in 2011, driven by China’s relentless growth and the US recovery. According to the PRTM study, North American suppliers, in particular,
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India-US partnership ignores Kashmir
Pakistan Observer
China will also be under diplomatic pressure from the US and major European countries for not opposing India’s entry into the UNSC as a permanent member with veto power. The strategic partnership with USA and her close friendship with European
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China Banning US Professors Elicits Silence From Colleges Employing Them
China Digital Times
To return to China, two wrote statements disavowing support for the independence movement in Xinjiang province. They aren’t exiled Chinese dissidents. They are American scholars from universities, such as Georgetown and Massachusetts Institute of
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China wildlife scheme endanger Indian tigers
Hindustan Times
There has been a sudden jump in online sale of tiger and leopard skins since China reopened the trade for registered wildlife body parts in 2007. A tiger skin rug was offered for sale for US $ 124000 and a stuffed tiger for US $ 700000 in 2010.
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We can’t always count on China
The Australian
It wasn’t good economic management by the Rudd government that saved us from recession, it was China’s Keynesian infrastructure splurge. However, China is struggling with the legacy of its global crisis strategy. Inflation is running at 6.5 per cent,
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Debt Crisis Reinforces American Reliance on Chinese Economic Support
Kansas City infoZine
The recent US debt crisis was filled with intrigue worldwide, especially for the owner of a sizable portion of American debt: China. Manhattan, KS – infoZine – A Kansas State University professor and author of a recent book that examines the role of
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US wants India to act against Syria
Times of India
WASHINGTON: Stepping up pressure against the Assad regime in Syria, the US has asked India and China, with major investment in Syria’s energy sector, to join Washington in curbing the crackdown on protests there. “We’ve issued more sanctions,
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Insight: China’s microbloggers rattle the censor’s cage
Reuters
Sina’s chief executive Charles Chao is a US-educated former journalist. In an interview with CNN earlier this month, Chao admitted that censorship was a part of daily operations on Weibo but defended the platform, saying it has enabled greater freedom
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China’s Food Safety System a Satire of US?
Food Integrity Campaign (blog)
Perhaps, however, it’s just a blown-up version of what we face in the US, where oversight gaps and inconsistencies across our own food regulatory agencies abound. This Washington Post piece explores the structure of China’s food system that has allowed
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Trade Gap Widens as Exports Slide
Wall Street Journal
The weak US dollar since the financial crisis has helped make American goods cheaper in foreign markets. Some Asian nations fear a slowdown in their robust export activity due to the weak dollar and slowing international demand. But imports from China
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Chinese households save more than American households, study finds
PhysOrg.com
Researchers at the University of Missouri have compared savings habits of households from two of the world’s most powerful economies: China and the United States. Rui Yao, an assistant professor in the personal financial planning department in the
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Denmon, Team USA Win Exhibition Finale
MUTigers.com
New Century is a professional organization representing the Chinese Basketball Association and the USA opens the tournament action at the 2011 World University Games on Saturday with a 5 am tip (locally in Missouri) vs. Mexico. China Standard time is
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Experts to hunt down rogue genes for China’s cholesterol problem
Reuters
“If we find that the (culprit) genes (in Chinese patients) are different, it means what works for Western populations won’t work for us. If we find that a different set of genes may be responsible for high cholesterol, we may need a different drug,”
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Scoop Shines In Team USA Exhibition, Fab Melo Joins Him In China
Troy Nunes is an Absolute Magician
Brazil and the US are not slated to play one another in the opening rounds. Brazil is in Group A with China, the Czech Republic, Germany, Romania and the United Arab Emirates. Meanwhile the US is in Group D with Finland, Hungary, Israel,
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Greater China Industries Selected for “Best New Products Of 2011”
PR Newswire (press release)
Greater China is honored to win the prestigious 2009 Global Innovator Award from City University for its success in bridging cultural business barriers between the US and China. The University of Washington also named Greater China its 2009 Minority
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American Superconductor Corp. Shows Risks From Renewable Investment
Seeking Alpha
Wind turbines and China were a big bet AMSC seems to have lost. Investors are right to be disappointed. But that’s not the whole story here. The really big deal at AMSC is Amperium, a second generation high temperature superconducting wire it has
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Macau Casino Operators — A Safe Haven During US Economic Downturn
MarketWatch (press release)
Access to the full company reports can be found at: According to Macau’s Gaming Inspection and Coordination Bureau gambling revenue in Macau rose 48% in July from a year earlier as visitors from mainland China powered growth despite Beijing’s moves to
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