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U.S. China News 2011.08.16

Tue, August 16, 2011

Biden Carrying Message to China’s Leaders That U.S. Still Good Investment
Bloomberg
The economies of the US and China, the No. 1 and No. 2 largest in the world, are increasingly intertwined. China held $1.17 trillion of US debt in June, according to Treasury Department data, and it relies on exports to the US to help fuel its economic
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US Solar Firms’ Co-Dependency With China
Forbes
American solar companies have known for some time that they have to compete with peers from China. Now they also are starting to lean on China for their survival. Ascent Solar Technologies is the latest to join other US companies with a growing
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US finds unwilling partner in China to avert potential crisis in region
Sydney Morning Herald
And I hope the US won’t be burned by this fire.” The US Secretary of State, Hillary Clinton, last month called on China and other claimants to specify the extent of their claims as a prelude to negotiations. Professor White said China refused US offers
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Pakistan shares intelligence reports to China, US disappointed
The Nation, Pakistan
Recent reports claimed that despite the strong plea from the United States‘ CIA to keep confidential and classified any information about the death of Osama bin Laden, Pakistan secretly gave access to China regarding the American stealth helicopter
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Copper Drops on Speculation China Moderation, U.S. Slowdown to Hurt Demand
Bloomberg
The Conference Board Leading Economic Index for China has slowed “quite significantly” over the past few months, van Ark said. The gauge rose 1 percent to 158.9 in June, according to data from the New York-based research organization.
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China Raises Holdings of U.S. Debt as Global Demand Wanes
San Francisco Chronicle
16 (Bloomberg) — China boosted its holdings of US government debt for a third straight month to $1.17 trillion in June, while other foreign investors were sellers of Treasuries for the first time since 2009. Investors in the Asian nation raised their
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Catch-22: Will China Dump US Debt?
Business Insider
The move sent financial markets in panic mode as investors grappled and tried to comprehend the severity and extent of the United States‘ ability to finance its bills. Similarly, China, who holds a massive amount of US Treasuries, wasted no time in
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ChinaUS neutrino facility opens
physicsworld.com
Because Daya Bay is the first major USChina scientific collaboration, Luk expects the facility will provide a good testing-ground for more partnerships between the two countries. “Daya Bay provides a unique opportunity to join forces to tackle a
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China Q2 current account surplus jumps, raises US debt holdings
TODAYonline
The SAFE data also showed that China acquired US$136.9 billion worth of foreign exchange reserves in the second quarter, slightly less than the US$138 billion of the first quarter. The capital and financial account surplus – a measure of net capital
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Abromaitis, USA top China at World University Games
Niles Daily Star
SHENZHEN, China — The 2011 USA Men’s Basketball World University Games Team topped the 100-point mark for the third time in as many games in cruising to a 112-68 victory over South Korea Monday at the World University Games at the Universiade Main Gym
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Chinese Video Site Tudou Selling IPO at Discount to Rival Youku
Bloomberg
By Lee Spears – Tue Aug 16 04:01:00 GMT 2011 Tudou Holdings Ltd., China’s second- biggest video website, is attempting a US initial public offering at a 62 percent discount to larger rival Youku.com Inc. (YOKU) after equities plunged this month,
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Pak, China Deny Chinese Experts Examined US Chopper
Outlook
PTI | KJM Varma | Rezaul H Laskar | Beijing | Islamabad | Aug 16, 2011 China and Pakistan have vehemently denied claims that Chinese military engineers were given access to the wreckage of the American stealth helicopter destroyed in the Abbottabad
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China reassured on US debt
Deseret News
By Joey Ferguson, Deseret News While investors in China express concern over their assets in America, Utah strikes a mutually beneficial deal with the Asian country. The US ambassador to China is reassuring the Chinese their investments are safe.
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US should not threaten balance in China relations
People’s Daily Online
Apparently, it does not worry these politicians all that selling weapons to Chinese Taiwan will impact ChinaUS relations, and furthermore, it seems their desire to sell arms to Taiwan is meant as a signal that Washington will not show weakness in its
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US looks up to India, China in conflict-hit world
Economic Times
WASHINGTON: The US on Tuesday said it was facing resource constraints in dealing with a number of conflicts around the world, and looked up to emerging powers like India and China to play their roles in bringing about stability.
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Debt Crisis Could Be a Defining Moment for USChina
Dice News
The largest creditor of the sole superpower of the world, China now has every right to demand that the US should deal with its structural debt problems so that the safety of dollar assets of China can be ensured, as per a statement made by Xinhua,
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China to Sue US-Chinese Partnership Over Oil Leaks
Voice of America (blog)
The State Oceanic Administration said Tuesday it will take legal action against the subsidiary of US-based oil giant ConocoPhillips and state-run China National Offshore Corporation , which jointly operate the Bohai Bay oil fields.
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Time for India, China to revisit their position on Syria: US
Hindustan Times
PTI The Obama Administration has urged both India and China to “revisit their position” on Syria even as US intensified its international campaign against the authoritarian regime. “We are certainly speaking to them (India and China) in New York,”
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China: Give us a break on NorthRail
Philippine Star
It isn’t as if we have to build this NorthRail only for the sake of good relations with China. It must serve a purpose and be useful for us. But I am hopeful that the Chinese leadership will see our point and give us a break on this one.
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Analysis: China unlikely to cool investment as its growth engine
Reuters
An example of healthier investment, economists say, would be companies stepping up capital expenditures on improving China’s manufacturing technologies. Yet, the prospect that a downturn in the US and Europe — China’s top two export markets — could
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China Unicom in the US, in talks with Apple about iPhone 5?
Ubergizmo
By Tyler Lee – 08/16/2011 09:23 PDT There have been reports that executives from China Unicom have flown to the US and are in talks with Apple regarding the next-generation iPhone. Given the popularity of the iPhone, it’s no surprise that just about
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Will Oil from Canada’s Keystone XL Pipeline Go to US or China?
The New American
In looking beyond the environmental factors of the Keystone XL pipeline, analysts pose the question: Who should benefit from such vast sums of new oil — China or the United States? Oil extraction is a delicate concern for the EPA and environmental
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S&P Downgraded in Treasury Trade After Upgrade for China
BusinessWeek
Since S&P still insisted on downgrading the US eight months after raising China’s rating, the company’s credibility has come under increasing scrutiny. “It was really kind of bizarre that they’ve become political analysts,” said Thomas Mann,
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US China Mining Group, Inc. Reports Second Quarter 2011 Financial Results
PR Newswire (press release)
15, 2011 /PRNewswire-FirstCall/ — 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 financial results for the second quarter ending
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Commentary: Conventional wisdom about Mexico, Central America is wrong
Kansas City Star
The appreciation of China’s currency and China’s increasingly skilled labor force are driving up Chinese salaries, moving growing numbers of US companies to relocate their manufacturing plants to Mexico, and to a lesser extent to Central America.
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Family of missing China rights lawyer seeks news on whereabouts
Reuters
Gao is among China’s most prominent dissidents and his case may be among the human rights issues raised by US Vice President Joe Biden, who arrives in China on Wednesday. A combative rights advocate who tackled many causes anathema to the ruling
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Bolivian leader jokes China could colonize US
Focus News
Bolivian President Evo Morales on Monday joked that China was becoming such an economic powerhouse that it could soon colonize the United States, AFP reported. “China is such a big country that I imagine in only a short time the United States will be a
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U.S.-Sino Relations Take Center Stage at Prestigious Global Forum
PR Newswire (press release)
Roy and the other notable speakers, including The Boeing Company president and CEO Jim McNerney and Chung Po Yang, co-founder and chairman of DHL International, will address some of the most pressing issues related to relations between the US and China
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China’s New Aircraft Carrier Bolsters Its Regional Reach
U.S. News & World Report
The shakedown cruise marks a genuine milestone for China. But for the United States, which remains the world’s strongest naval power, it’s little more than a reminder that the People’s Liberation Army, China’s military arm, could pose greater
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Silicon TV Tuners Value Expected to Reach US$ 750 Million in 2015, Says In-Stat
San Francisco Chronicle (press release)
In addition, mobile video services in China, Brazil, and the US are creating new growth markets for all-digital mobile tuners, which, according to new In-Stat (www.in-stat.com) research, will drive the value of silicon TV tuners to $750 million in 2015
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China rail supplier plans US$2b float
The Standard
China Railway Materials Commercial will be looking to raise up to US$2 billion (HK$15.6 billion) through listing in Hong Kong and the mainland within the first half of next year. The Beijing-based state-owned enterprise is a major supplier to both
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Washington Losing Credibility Among US Business
Forbes
Meanwhile, for an undetermined amount of time, and with a little help from my friends, I will be parachuting into Russia, India and China. (I figure if Anderson Cooper can parachute, I can parachute.) The author is a Forbes contributor.
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Chinese Media Signal Interest in Currency Reform
Voice of America
The articles appear on the eve of a visit to China by US Vice President Joe Biden in which economic issues are expected to figure prominently. The United States and other countries say China’s currency is severely undervalued, giving it an unfair trade
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Clinton: Libya, Syria show ‘smart power’ at work
Houston Chronicle
(AP Photo/Susan Walsh) WASHINGTON — Secretary of State Hillary Rodham Clinton defended the US response to crises in Libya and Syria on Tuesday, saying the Obama administration is projecting “smart power” by refusing to act alone or with brute force to
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Can China Itself Drive Global Growth?
Business Insider
He sees precious little prospect of growth coming from the advanced economies of Europe and the US So can China pick up the slack, and help drive a global recovery? That’s the question I addressed on last night’s episode of Dialogue on CCTV News,
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China Medical Technologies Reports First Fiscal Quarter Financial Results
MarketWatch (press release)
Da An Health is a fast growing independent laboratory service network serving mainly small and mid-size hospitals in China. We believe this collaboration will help us penetrate over time a new and big customer group for our molecular diagnostic
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North Korea warns of war over US-Korean drill
The Australian
“Therefore, Washington’s handling of all the related issues in a responsible manner will contribute to the steady growth of ChinaUS ties and the stable development of the world economy given the mounting concern about European and US debt woes and
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China Imports: SF Fed Research Misses the Point
Wall Street Pit
By Michael Mandel Aug 16, 2011, 5:48 AM Author’s Website Recently the San Francisco Fed released a new study entitled “The US Content of “Made in China””. The study argues that “[g]oods and services from China accounted for only 2.7% of US personal
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U.S. Containerized Exports Slowed in Second Quarter; China’s Drop in Demand
PR Newswire (press release)
Declining feed-shipment volume, a majority of which include distillers dried grains, can be attributed to the quarter’s 59 percent drop in shipments to China, where antidumping investigations against US DDGs continue, said Mario O. Moreno,
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China America Holdings Reports Financial Results for the First Six Months of
MarketWatch (press release)
including our Annual Report on Form 10-K for the year ended September 30, 2010 and in our Current Report on Form 8-K/A as filed with the SEC on July 7, 2011. Contact: China America Holdings, Inc. Lillian Wong US Representative 954-363-7333 ext.
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America is rotting at its core
Sydney Morning Herald
But they’ll have a lot further to fall before China stops taking American jobs. That’s bad news for American workers, but it is also bad news for America’s long-term economic and social trajectory. Which brings us to politics.
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International admissions up in U.S. grad schools
Washington Post (blog)
Foreign students tend to come from prosperous families in China, India or South Korea and to pay full fare, a quality that makes them desirable to public and private colleges alike. Those students covet an American education. Growing demand has spawned
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Agilent, Dollar General, Urban Outfitters: U.S. Equity Preview
Bloomberg
By Lu Wang – Tue Aug 16 15:35:08 GMT 2011 Shares of the following companies are having unusual moves in US trading. Stock symbols are in parentheses, and prices are as of 10:55 am in New York. E-Commerce China Dangdang Inc. (DANG) slumped 13 percent to
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Import Prices in U.S. Rose 0.3% in July; Ex-Petroleum 0.2%
Bloomberg
Slowing growth in emerging economies such as China and Brazil, coupled with weakening demand in the US amid political gridlock and stock declines, means import prices are likely to taper off this month. Federal Reserve policy makers last week said they
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2011 World University Games Results – Day 4
Stanford Athletics Official Site
SHENZHEN, China – Stanford athletes continued competition Tuesday as Day 4 of the 2011 World University Games came to a close. The highlight of Tuesday’s action was Cardinal swimmer Maya DiRado claiming Stanford’s first gold, and second medal,
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