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U.S. China News 2011.08.13

Sat, August 13, 2011

US Economic Woes Loom Over Biden Visit to China
New York Times
By EDWARD WONG WASHINGTON — Over the winter, officials in China and the United States were trying to turn a new page in relations. In January, during a state visit to Washington by President Hu Jintao, leaders worked hard to dispel the rancor that had
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Sticker shock: ‘Made in China‘ ranks only 2.7% of US spending
Los Angeles Times
(Kin Cheung, Reuters / June 2, 2005) By Alana Semuels, Los Angeles Times Convinced that everything you buy these days has a Made-in-China label? Then you aren’t paying attention. Things made in the USA still dominate the American marketplace,
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Russia and China accused of cyber-spying campaign to steal US secrets
Los Angeles Times
Mike Rogers, chairman of the House Intelligence Committee, cites cyber attacks as the top threat to the United States outside of Al Qaeda. He particularly blames Russia and China. US Air Force personnel work in the Air Force Space Command Network
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Guest essay: A looming clash between US, China?
Henrietta Post
At the official level, the US pretends to regard China in a benevolent way, much as an artist regards a major patron of the arts. Make no mistake, China’s government is not benevolent and certainly does not have the United States‘ best interests at
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China’s dollar trap: Why the gloating over S&P’s US downgrade doesn’t make sense
Economic Times
However, the talk this time was, ‘let us not shoot the messenger’. It was apparent for some time that the US economy was heading towards the dumps, and the world fretted about it. Three days before the S&P downgrade, China’s largest state-approved
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US pushes India, China to put sanctions on Syria
Times of India
China and the US are bound together with too many bonds for China to cleave a path of its own. And India has too many common interests with US and Europe. As for Russia, exasperated Indian diplomats say you can no longer be sure of what the real
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U.S. Has ‘Debt Sustainability’ Risks, China’s Central Bank Says
San Francisco Chronicle
13 (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. “Developed countries’ debt problems are
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Big Game Hunters Set Their Sights on China’s Wildlife
Inventorspot
by China.new American big game hunters, their itchy trigger fingers idle since 2006, may be on the verge of returning to China’s Himalayan steppes. Applications made to the State Forestry Administration (China’s top wildlife management authority) by a
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The Pentagon’s new China war plan
Salon
A recent article in Inside the Pentagon reported that a small group of US Navy officers known as the China Integration Team “is hard at work applying the lessons of [AirSea Battle] to a potential conflict with China.” AirSea Battle, developed in the
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China on US debt
WatertownDailyTimes.com
China is keeping a close watch on the US debt crisis and fallout from the downgrading of America’s credit rating. After the bipartisan agreement to raise the debt ceiling and reduce the deficit, People’s Bank of China Governor Zhou Xiaochuan said the
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Painter’s team wins opener in World University Games
Journal and Courier
SHENZEN, China — Team USA dominated the glass and harassed Mexico into more than 20 turnovers in a 108-67 victory today in its first pool-play game at the World University Games. The US, coached by Purdue’s Matt Painter, outrebounded Mexico 55-34 and
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Arab holdings of US bonds put at $470bn
Arab News
According to him, Arab countries are the second largest creditors to the United States after China. “The US credits are worth approximately SR470 billion and the Arab countries are the second largest creditors to the US after China,” he said at the
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US tortoise may beat Chinese hare
Daily Local News
Both the US and China are growing older, but China is growing older faster. As a result the economic potential of the US looks surprisingly promising compared to that of China over time. For example, both in the US and China, the percentage of workers
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Analysis: China Costs Start to Worry US Multinationals
China Digital Times
Nearly a third of Emerson Electric’s total workforce is in China, where it employs more than 40000 people. Amid 20 percent wage increases, the company has said it could move some production to China’s interior, and it might move 20 percent of its
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US unperturbed by China’s aircraft carrier ambitions: Pentagon
Military & Aerospace Electronics
China’s aircraft carrier ambitions should not threaten regional security and stability, the US Department of Defense said Wednesday. “We hope that China’s carrier ambitions will not adversely affect regional security and stability,” the Pentagon’s
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China may be worst protectionist ever: US analyst
Reuters Canada
WASHINGTON (Reuters) – China’s massive intervention in currency markets could qualify it as the most protectionist nation in history, a leading US economist said on Friday. “China has intervened massively in the foreign exchange markets for at least
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More fake Apple stores unearthed in China
Memeburn
By Staff Reporter Some 22 new fake Apple stores have been discovered in South Western China. This comes just weeks after an American blogger unearthed a store so convincing its staff apparently thought they worked for Steve Jobs himself.
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Chen tells US to control debt
EastDay.com
Chen also called on governments in the US and Europe, China’s top two trading partners, to act responsibly and get their fiscal houses in order. Chen’s comments echoed a report issued yesterday by the Chinese central bank, saying the US faces “debt
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MSU’s Green, Detroit’s McCallum contribute as U.S. wins at World University Games
Detroit Free Press
The USA men’s basketball team won its opener of the 2011 World University Games today in Shenzhen, China. Michigan State’s Draymond Green, a Saginaw native, scored 10 points in the 108-67 victory over Mexico. He played 17 minutes and had three rebounds
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China Inbound Travel to the US Up
Travel Agent
The baseline was established to monitor the progress of the NTA Visit USA Center and inbound travel from China to the United States. “The increase of travelers served by tour operators in the NTA China Inbound Program essentially doubled,” said Lisa
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China’s Criticism of US Debt: Stones Thrown in a Glass Pagoda
BNET (blog)
China’s criticism of the US over debt issues is a case of the wok accusing the deep fryer of being a cooking implement. Although China is the world’s largest creditor nation, its municipalities are carrying more than a trillion dollars in debt — much
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PETA seeks to stop transport of macaque monkeys from China to US
Monsters and Critics.com
Beijing – The organization People for the Ethical Treatment of Animals (PETA) called in Beijing on Saturday for a pending transport of 80 macaque monkeys to the United States to be halted. PETA appealed to China Southern Airlines not to carry the 80
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Lee Kuan Yew:Singapore Economy Supported By China,India Growth:Report
Wall Street Journal
SINGAPORE (Dow Jones)–Singapore’s former prime minister Lee Kuan Yew said Saturday that the city-state’s economy remains supported by the rapid growth in China and India despite economic troubles in the US and Europe, local media reported.
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US Senate urges support for Phl
Philippine Star
The Philippines conveyed to the US official the country’s resolve to strengthen its capabilities to defend its maritime territory amid rising tensions with China in the West Philippine Sea. Del Rosario and Clinton discussed the situation in the West
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So what might the GOP have in store for us?
Las Vegas Sun
Once American laborers can compete with their counterparts in China, India, Mexico, Guatemala and Malaysia, there will be little incentive for corporations to ship jobs overseas, and America will begin a climb back to full employment.
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U.S. fails to get U.N. to condemn Sudan violence
USA Today
UNITED NATIONS (AP) — Russia and China blocked US attempts to get the UN Security Council to condemn Sudanese government bombing and other military activities in the South Kordofan region of Sudan, UN diplomats said Friday. South Kordofan lies across
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American Manufacturer Sticks it to China
China Digital Times
Ask someone to write down all the differences between China and rural Georgia and his hand will fall off before he’s halfway done. So let us restrict ourselves to the vista: cranes, skyscrapers, spanking new rail networks and smog: China.
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Concerned about the Consumer? Look at What China Wants
Forbes (blog)
The growth can be expected to continue, if only due to the sheer size of the growing middle class in China. In 2010, China surpassed the US as the largest car market in the world. In 2009, the size of the middle class in the US was 338M the size of the
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Not as much ‘Made in China‘ as you might think
Los Angeles Times
Goods and services from China accounted for only 2.7% of US personal consumption spending in 2010, according to the report, The US Content of “Made in China.” About 88.5% of US spending last year was on goods made here.
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Ties with America: another view
DAWN.com
The Chinese want to make us a trade hub in South Asia. The writer says China is not as much capable as the US of providing us defensive assistance, but it was the China that assisted us in the 1965 war against India. The US, on the contrary,
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National news briefs: Russia, China cited for cyberspying
STLtoday.com
The military and intelligence services of Russia and China are conducting a sustained campaign to steal American commercial and military secrets through cyberespionage, according to the chairman of the House Intelligence Committee, and he warned that
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China: Biden Should Keep Up ‘Straightforward’ Talk on Rights
Reuters AlertNet
At the conclusion of the USChina Human Rights Dialogue in April, Michael Posner, the US assistant secretary of state for democracy, human rights and labor, decried China’s “serious backsliding in human rights,” and expressed concern that “dozens of
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An Economic Explanation For The Sexual Revolution And Risk Taking In China
Business Insider
A fascinating article in the NYT by economist Robert H. Frank looks at the effects of gender supply and demand in the US and China. Frank reasons that around 1969 there were fewer men of marrying age — 26 — than women of marrying age — 22 — who
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Maine school finds Chinese recruiting a tough sell
The Daily Citizen
An opinion column in June in the Global Times, a national newspaper in China, took aim at US public high schools in general and Millinocket in particular. The author, an adjunct instructor at a law school program in China and a former high school
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Chinese workers could replace Mexican immigrants
Houston Chronicle
That’s about to change, in the wake of an unprecedented decline in Mexican immigration and a new influx of Chinese immigrant workers who will be fleeing hopeless conditions in China; many of them will enter the US undocumented.
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U.S. versus China in savings, debt attitudes
CreditCards.com (blog)
In the United States, there are almost 686 million credit cards in circulation among a population of roughly 312 million — more than two cards for every man, woman and child. In China, with a population of more than 1.3 billion, there are currently
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Sheppard Launches in Beijing With Squire Sanders Partner
The National Law Journal
“The presence in Beijing keeps us close to that center.” Mercer said the Beijing office also opens doors for Sheppard’s California attorneys representing local investment funds that want to do business in China, and established Chinese companies
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Is Economic Power Shifting from US to China?
linktv
(LinkAsia: August 12, 2011) China expert Robert Kapp tells us if the US debt crisis could lead to an economic power shift from the US to China. Footage from Reuters.
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Hitachi Metals to procure rare earth from US mine Molycorp
Mainichi Daily News
Hitachi Metals Ltd. said Friday it has agreed with US mining firm Molycorp Inc. to receive supplies of neodymium — a rare earth — for magnets mainly used for hybrid cars, as part of efforts to secure the material from countries besides China.
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Suspected Chinese spear-phishing attacks continue to hit Gmail users
Computerworld
Google said it had traced the attacks to Jinan, China, a city in eastern China that has been linked to other hacking campaigns, including one in late 2009 against Google’s own network. Parkour had revealed details of the earlier phishing attacks months
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Deal would bring inspections of overseas drug suppliers
Austin American-Statesman
By Gardiner Harris More than 80 percent of the active ingredients for drugs sold in the US are made abroad, mostly in a shadowy network of facilities in China and India that are rarely visited by government inspectors, who sometimes can’t even find the
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The manufacturing imperative
Malaysia Star
As Maggie McMillan of the International Food Policy Research Institute has shown, there is an uncanny negative correlation across individual manufacturing industries between employment changes in China and the US. Where China has expanded the most,
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New Honda plant further boosts Mexico’s auto boom
Daily Gleaner
After a period when car companies were moving production to China, some are now coming back, said Vivian Olmos, vice-president of business development at North American Production Sharing, a company that supports manufacturers in Mexico.
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China recalls trains
Tulsa World
An 18-year-old man was dismissed from the US Ski Team’s development squad after he was accused of getting drunk and then urinating on a fellow passenger aboard a JetBlue flight. Robert “Sandy” Vietze, of Warren, Vt., was detained by police at New
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How China Sees English Riots
The Diplomat
By David Cohen It’s been a good couple of weeks for China’s conservative press and a bad one for the image of liberal governments, as democracies battle crises ranging from the US budget standoff to Britain’s ongoing riots.
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2011 World University Games Results – Day 1
Stanford Athletics Official Site
SHENZHEN, China – After Friday night’s opening ceremonies, the 2011 World University Games are in full swing in Shenzhen, China. Saturday in China, Stanford athletes were in action as US men’s water polo suffered its first loss in group play and US
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Abandoning the gold standard was a fatal error we’re now all paying for
Telegraph.co.uk
The US and UK, or Greece). Other countries (eg. China or Germany) indulged them by lending enormous amounts. In the meantime, investors convinced themselves that the apparent economic growth fuelled by this debt was genuine rather than an artificial
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