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U.S. China News 2011.08.19

Fri, August 19, 2011

Biden assures China on its US investments
Washington Post
By Keith B. Richburg, BEIJING — After another day of turmoil in world financial markets, Vice President Biden sought Friday to assure China, the United States‘ largest foreign creditor, that its investments in US Treasury securities are safe.
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US, China Goodwill Basketball Match Ends in Brawl
Voice of America
August 19, 2011 US, China Goodwill Basketball Match Ends in Brawl Stephanie Ho | Beijing A brawl during what was supposed to be a friendly USChina basketball match is threatening the positive image Washington and Beijing are trying to create during
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China to skip US Fed’s Jackson Hole meet -sources
Reuters
The conference, organised by the Kansas City Fed, draws prominent economists and central bank officials from around the world, including Ben Bernanke, the chairman of the US Federal Reserve. China Central Bank Governor Zhou Xiaochuan attended the
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New U.S. Ambassador Sparks Emotional Debate in China: Adam Minter
Bloomberg
In an unsigned editorial in Southern Metropolis Daily, the editors agreed with the Global Times: “Gary Locke has a natural cultural advantage in the problem of sharing values between China and the US The two countries could take this opportunity.
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China’s Triangle Group launches US HQ
Tire Business
18 in order to promote mutual understanding and friendship between people from China and the US Triangle is considered the No. 14 tire maker worldwide with 2010 sales of $2.26 billion, according to Tire Business’ Global Tire Report rankings.
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Pitting US against China, Pakistan hits its diplomatic stride
GlobalPost
In the most recent example, Washington bristled over suspicions that Pakistan shared with China the American stealth chopper that crashed outside the hideout of Osama bin Laden in May, handing over advanced technology the United States hoped to keep
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US deports Taiwanese for China exports plan
Taipei Times
By J. Michael Cole / Staff Reporter A Taiwanese who was convicted of conspiring to export defense articles from the US to China on Tuesday was deported and returned to Taiwan, the US Immigration and Customs Enforcement (ICE) said on Wednesday.
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Tread carefully with China rhetoric
Sydney Morning Herald
Extrapolating China’s present growth and America’s relative decline may be a mistake, too. This month an article by Jane Slaughter on the website labornotes.org points out that US factory workers, on $US10 an hour and largely de-unionised,
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Peru’s Sol Falls After Copper Declines on China, U.S. Outlook
Bloomberg
By John Quigley – Thu Aug 18 20:13:26 GMT 2011 Peru’s sol fell from a three-week high after copper, the country’s top export, declined on concern slower economic growth will cut demand in the US and China. The sol weakened 0.2 percent to 2.7414 per US
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US, China’s road from bitter foes to wary rivals
CNN International
Beijing, China (CNN) — As we watch US Vice President Joe Biden hold talks with his Chinese hosts this week, it is apt to look back at the precarious state of ChinaUS relations four decades ago and how far they have come along.
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Trump: US Negotiators With China a ‘Bunch of Clowns’
NewsMax.com
“Well, we are always on defense — and there has never been a country that has abused us like China abuses us. And we have leadership — or I should say a lack of leadership — that doesn’t know what to do about it,” Trump said.
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China Threatening US Space Superiority
Heritage.org (blog)
But as NASA sends its shuttles to museums, China is making great strides in its space program—with preparations under way for the launch of a Chinese spacelab in the next few weeks. These advances are beginning to threaten US space superiority and
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US advances to finals of World University games with 79-67 victory over Australia
Washington Post
By AP, SHENZHEN, China — Elena Delle Donne had 22 points and 11 rebounds and Skylar Diggins added 17 points to lead the United States to a 79-67 win Friday over Australia in the semifinals of the World University games. The US (5-0) will face Taiwan
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Why China keeps increasing US debt holdings
People’s Daily Online
According to statistics released by the US Treasury on Aug. 15, China purchased another 5.7 billion US dollars worth of Treasury bonds in June, increasing its total US debt holdings to nearly 1.2 trillion US dollars, which remain the largest in the
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USChina trade deals signal new era of cooperation
GT: Global Trader
Previously seen as tectonic plates that would nervously rub along together before one day exploding into one almighty quake, it appears like America and China – at least in business – are now settling on a more harmonious relationship.
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China Sunergy Announces Second Quarter 2011 Financial Results
PR Newswire (press release)
US Office Opening: On July 14, 2011, China Sunergy launched its US headquarters, China Sunergy (US) Clean Tech Inc., in San Francisco. San Francisco Mayor Edwin M. Lee, China Sunergy Chairman Mr. Tingxiu Lu, and China Sunergy CEO Stephen Cai officially
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Yuan can flow back to China by year-end: HK official
Reuters
Leung also dismissed concern that allowing Hong Kong companies to directly invest in mainland China using yuan could add fuel to inflation. Current policy only allows foreign direct investments in US dollars. “China already allows US dollar investments
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Can China survive a new US economic downturn?
BBC News
But, as our China Correspondent Damian Grammaticas reports, China may not be immune if there is a new slowdown in the US and Europe. Slices of silicon roll along the production line at Yingli Solar’s ultra-modern factory. They are coated with silver,
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Yingli reports strong Q2 after US and China boost sales
Recharge
Chinese solar panel maker Yingli stood out from its peers with a better than expected set of second quarter results boosted by sales to markets including China and the US. Revenues increased by 27.4% over the first quarter to 4.4bn yuan ($680.6m) as
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China LED industry lights up to nearly US$6 billion in 2011, says IHS
Digitimes
Buoyed by government support and increased penetration into new applications, China’s LED market will jump to US$5.8 billion in 2011, up a robust 23% from US$4.7 billion last year, according to the IHS iSuppli. The LED market in the world’s most
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Volleyball players spend summer in China with Team USA
Purdue Exponent
Assistant volleyball coach Kathy Jewell, junior Carly Cramer and red shirt sophomore Catherine Rebarchak spent two weeks overseas with team USA for the ChinaUSA Challenge. Head coach Dave Shondell was happy to see them have such an opportunity.
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China draws expats from U.S. to launch biotechs
FierceBiotech
With China’s government planning to pump hundreds of billions into its biotech sector, the country is motivating scientists from the US and within its own borders to start biotechs. China is now safely in the US biotech industry’s rear view mirror,
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Will China and India Enter the U.S. Auto Market? Analyzing New Emerging Market
AutoLoanDaily.com
Will China and India Enter the US Auto Market? Analyzing New Emerging Market Auto Futures By Justin Stoltzfus Many of the analysts who look long-term at the North American auto market see chances for some new players to enter the arena,
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Talk of the Day — China’s GDP to surpass US’s in 2035?
Focus Taiwan News Channel
The US remains the world’s largest economy at the moment, with huge assets, Naisbitt said. It would take time to change the trend because the US’s overall output and economic strength remains four times China’s, the Megatrends author noted.
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Tech: Apple Cracks Down on US Coun…
Adweek
Last month, an American blogger living in China discovered a string of fake Apple stores in her hometown. Now the counterfeiting trend has popped up stateside, and Apple has wasted no time in cracking down on it. According to documents unsealed
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China, the United States and the battle for brains
NL-Aid
In 2010, for example, almost 700000 foreign students were registered at colleges across the United States of which approximately 18 per cent (128000) were from China. As a result the United States is now the preferred destination for Chinese students
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Taiwan firms plan US$4.5b China project
Malaysia Star
TAIPEI: A group of Taiwan firms have signed a contract to set up a US$4.5bil refinery complex in China, defying a ban against such projects imposed by the island’s government, said officials and media said. The group, led by Ho Tung Chemical,
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More Indian students seek admission in US
Times of India
WASHINGTON: Reversing recent trends, prospective graduate students from India seeking admission in US institutions increased eight percent in 2011 after increasing just one percent in 2010, according to a new survey. Ahead of India, however, were China
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What Is the Secret Behind China’s Cheap Prices?
Huffington Post (blog)
More seriously, China now requires US companies to share their technology and relocate their R&D centers to China if they want to have access to Chinese markets. Above all, there is the ever-present currency manipulation, where China undervalues their
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Goodwill Game Between U.S. & China Ends In Basket-Brawl
Radar Online
By Neil Woulfe – Radar News Director A goodwill basketball game between a US college team and a Chinese military team turned into an all-out brawl in the final minutes of the game on Thursday night — and the video has gone viral.
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China’s Wen: Confident U.S. economy to resume healthy growth
Reuters
BEIJING (Reuters) – China is confident the US economy will get back on the track of healthy growth, China’s Premier Wen Jiabao told visiting US Vice President Joe Biden on Friday during his five-day trust building mission to the United States‘ largest
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Insight: Building a concert of Asia
Jakarta Post
Can we avoid both the dangers of Chinese domination on the one hand, and the risks of USChina rivalry on the other? I think we can, if the US and China find a way to share power in Asia, with China agreeing not to try to exclude America,
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Trump’s China tax is a bad idea
Daily Caller
And what about the billions affected in China? If you think China threatens us now, wait until the world’s most populous country faces US-imposed economic destruction via a trade war. Trump is vocalizing the frustration Americans feel by losing the
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What China’s rail recall should tell US
OneNewsNow
China has recalled dozens of bullet trains that the Obama administration has touted as an example of future travel in the United States. China North Locomotive recalled the 54 trains after a July crash that killed 40 people.
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Inimical forces bound to fail in creating wedge in Pakistan-China relations
Associated Press of Pakistan
He said both sides are entwined so closely that any move to hurt China’s security in Xinjiang hurts us simultaneously. Our two countries will continue to fight the ETIM. Our solidarity in this regard is rock solid. No country or force can drive a wedge
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Basketball brawl mars USChina state visit
ITN NEWS
A two minute on court punch-up has marred an international goodwill basketball game on a US state visit to China. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn.
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Chinese Consumers Complain Refurbished IPhones Sold as New
PCWorld
By Michael Kan, IDG News A consumer advocate in China is considering filing a lawsuit in the US against Apple for allegedly selling refurbished iPhones as new ones after more consumers have complained of their suspicions. Since blogging about the issue
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Republican Presidential Contenders Speak Out on Israel, Iran, China
Voice of America
August 18, 2011 Republican Presidential Contenders Speak Out on Israel, Iran, China Jim Malone | Washington, DC In US presidential politics, the economy and jobs are expected to dominate next year’s election. But many of the Republicans running for
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Chinese Protest $5 Billion Losses Tied to U.S Reverse Mergers
Bloomberg
19 (Bloomberg) — Bloomberg’s Margaret Conley reports from Xi’an, China, on mainland investors who are protesting after losing their life savings on investments in companies aiming for listings in the US At least 16 firms based in Xi’an, the capital of
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China’s Military Growth Threatens World Security
NewsMax.com
By Lev Navrozov We express our indignation on finding out that “China is building three aircraft carriers.” But we keep silent or express our appreciation of US aircraft carriers! Exactly! Because China is a totalitarian country, in which an autocrat
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A promising growth engine
China Daily
THE USCHINA BUSINESS COUNCIL HAS TIMELY highlighted a key fact, which has long been eclipsed by the ballooning and controversial US trade deficit with China, namely that the growth in US exports to China have far outpaced its growth in exports to the
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Coke to invest $4b in China
China Daily
By Liu Jie ( China Daily ) SHANGHAI – Coca-Cola Co, the world’s largest maker of beverages by sales, announced on Thursday that it will join with its bottling partners to invest $4 billion in China between 2012 and 2014. The US-based company’s Chairman
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Modern tastemaker treasures her traditional china
Philadelphia Inquirer
adorn the set made by the US company Syracuse China. Both edged in platinum, they are similar enough to mix together when Kazemi serves her guests. The tableau: For coffee or tea, she arranges them on a simple, round, stainless steel tray by Alessi,
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SK, POSCO, Hyundai Motor, LG seek resources, new markets in the region
The Korea Herald
China surpassed the US to become Brazil’s largest trading partner last year. It poured about $30 billion into the world’s eighth-largest economy in 2010 alone, compared with Korea’s $1.05 billion. “Latin America has been receiving attention as a result
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A new language for Western opera: Chinese
The Associated Press
For the Americans, the growing market in China contrasts with the shaky one at home. “Funding for the arts is being cut in the US, and China is seen as a greener pasture for a lot of us,” McDaniel said. “I definitely can see myself singing again in
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COP to Resume Operations at Penglai
Zacks.com
Till date, the US oil major has recovered 2126 barrels of oil-based mud from the Penglai 19-3 C platform neighborhood, and expects to conclude the cleanup operation by August end. Penglai 19-3 oilfield ––China’s biggest offshore oilfield –– is operated
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