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U.S. China News 2011.08.21

Sun, August 21, 2011

Biden tells China U.S. investments ‘safe’
Washington Post
By Keith B. Richburg, BEIJING– On the final stop of his four-day China trip, Vice President Biden sought to assure a university audience that the United States will come to grips with its debt problem, and he blamed a vocal faction of the Republican
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Basketball Brawl Symbolized Growing USChina Tensions
The Georgetown Hoyas came to Beijing for a “ChinaUS Basketball Friendship Match.” It didn’t quite work out that way. Instead, the Hoyas’ game on Thursday against the Bayi Military Rockets–a professional team made up entirely of People’s Liberation
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Fate of ChinaUS relations
Korea Times
If China appreciates the yuan and removes barriers to its market, it would help the US bounce back from further economic deterioration. The “rise of China and US decline” and its potential impact on the international economic and security systems have
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US capitalists seek Internet gold in socialist China
Philadelphia Inquirer
By Joseph N. DiStefano Turner Investment Partners Inc., the multibillion-dollar Berwyn-based mutual fund and investment company, is urging clients to buy Internet stocks – from China. Sure, rosy hopes have boosted share prices for profit-challenged US
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A fourth-quarter rally fell short and the United States lost 76-74 to Lithuania in the quarterfinals of the World University Games on Saturday night in Shenzhen, China. The US came back from eight points down to tie the game at 74 with under two
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Chinese students value American experience
Springfield News-Leader
MSU’s China Executive MBA program offers easier access to an American university, through which they can experience American education and get to know the US culture and its people the way tourists cannot while improving their English, the students say
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Bruce Willis Sees Future in China as 1000 Screens a Year Lure Hollywood
Box office receipts in China grew 64 percent last year to 10.2 billion yuan ($1.6 billion), according to the State Administration of Radio, Film and Television. While that’s still a fraction of the $10.6 billion receipts in the US, according to Box
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A South China Sea Charade
Wall Street Journal
The real restraint on China is the presence of the US Navy and the need to have stable USChina relations. The US already waded into the territorial disputes at least once at the behest of Asean members. Last year, after prodding from Vietnam and other
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Emerging economies faring better in downturn
Los Angeles Times
For Germany, the world’s second-largest exporter, part of its impressive recovery from the last downturn hinged on selling products such as precision equipment to the world’s largest exporter, China. Other countries, including the US, have relied on
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China Construction Bank 1st-half net profit up 31%
Bank of America initially paid $3 billion for a nearly 10% stake in CCB before the Chinese lender’s Hong Kong listing in 2005. The US bank now owns 25.6 million shares, including the 23.6 million that come out of a lockup period near the end of this
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China’s development can benefit Japan
China Daily
“It is more important for us to adhere to the China-Japan friendship in times of difficulties,” said Kato Koichi, a former key Japanese political figure who has participated in the forum for several years. “It is possible that China-Japan ties might
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Michigan State’s Draymond Green leads US team in win over Romania
Detroit Free Press
Michigan State’s Draymond Green scored 16 points on 7-of-10 shooting to help lift the USA Men’s World University team over Romania, 94-73 today in Shenzhen, China. One day after falling to Lithuania in the medal quarterfinals, the USA responded with a
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Biden says China, US share global responsibilities
AP , 08.21.11, 12:17 AM EDT BEIJING — Vice President Joe Biden says the United States and China need to recognize their mutual global concerns and responsibilities and ensure greater fairness in trade and investment conditions.
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China Storms Into Wind and Solar Power
Wall Street Journal (blog)
The market force is China. The paradox of wind and solar power is that they are too expensive to compete properly with conventional fuels like natural gas, yet lower equipment prices from competition can prove fatal to manufacturers. Last week, US
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China: the booming giant
Jamaica Gleaner
For some time now, China has been the US‘ biggest creditor. Renowned Harvard professor Niall Ferguson, in an August 7 Newsweek piece titled ‘Debt Debate: China’s View’, noted, in part, that: “According to official figures, mainland China holds US$1.1
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ConocoPhillips finds 9 new leaks in China oil spill
BEIJING — US oil giant ConocoPhillips, already facing legal action and mounting public anger over a huge oil spill off China’s northeast coast, has found nine new leaks in the same area, authorities said. The State Oceanic Administration said on
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US arms sales to Taiwan disrupt relations with China
Through years of economic and trade cooperation, China and the United States have gradually formed an inseparable beneficial relation. To maintain such balance, it also needs goodwill to work together to solve common problems. If the US government
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US losing ground to India and China in maths, science: Barack Obama
South Asia Mail
WASHINGTON: The US is fast losing ground to countries like India and China in the field of science and mathematics, US President Barack Obama has said. Obama expressed his worry about the lack emphasis to encourage students in maths,
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Analysis Gives Grim Outlook for Yum Franchisees
Blue MauMau
“We see the potential for prolonged and possibly accelerated weakness in US and Europe, which will offset some of YUM’s successes in China and other emerging markets,” they affirm in their August 1, 2011 thesis. They are lowering their 2011,
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Regional Digest: U.S. Loses In Unversity Games Quarterfinal
Hartford Courant
Lithuania knocked the US out of medal contention at the World University Games with a 76-74 victory in a quarterfinal Saturday at the Universiade Main Gym in Shenzhen, China. The US was plagued by poor shooting, rallying from an eight-point deficit in
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Five Best Sunday Columns
The Atlantic Wire
Using the renminbi to settle China’s international trade accounts would help China escape the United States‘ beggar-thy-neighbour policy of allowing the dollar’s value to fall dramatically against trade rivals.” Karl Marlante on the Meaning of Medals.
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Robert Kustra’s Book Review: The rise of China is not an imminent threat to US
In the eyes of most Americans, China looms as the unquestioned chief rival of the United States in the years ahead. Owning a quarter of all US debt, China and its 1.3 billion citizen-consumers seem destined to supplant the US as the world’s supreme
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China’s US assets ‘safe,’ Biden tells students
Newsday (subscription)
Click here China’s US assets ‘safe,’ Biden tells students Originally published: August 21, 2011 12:23 AM Updated: August 21, 2011 9:32 AM By The Associated Press CHRISTOPHER BODEEN (Associated Press) (AP) — Vice President Joe Biden wrapped up a visit
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Trade deficit rise kills jobs in factories
Pittsburgh Post Gazette
Mr. Preeg looked at first-half exports from the United States and China for nine types of manufactured goods that require significant capital investment and technology. They included power generation equipment, industrial and electrical machinery,
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Euro crisis and China
Times of Malta
One can easily understand China’s concern when the US financial status downgrade took place a few days ago. Overdependence on its dollar holdings has long been common knowledge. In fact it has long been a vocal critic of the Fed’s quantitative easing
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China Offers Largest Donation to UN Food Agency for Famine-Relief in Somalia
China has donated 16 million US dollars to the World Food Program (WFP) to support its famine-relief operations in Somalia, said a WFP press release on Sunday. It is China’s largest single donation to WFP, adding the country’s donation to WFP this year
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Will there be a new recession?
Jamaica Gleaner
It was only natural that the exceptional prosperity of countries such as Brazil, Russia, India and China (BRIC) would result in greater investment in US bonds and Treasury bills. But the excessive investment of the BRIC countries and other sovereign
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Peskin Links People’s Republic of China to SF Mayor’s Race
Fog City Journal
By Luke Thomas It may be hard to imagine US Senator Dianne Feinstein and former mayor Willie Brown unwittingly doing the bidding of the People’s Republic of China (PRC) in their support of interim Mayor Ed Lee’s mayoral candidacy,
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America vs China
Pakistan Observer
It is even more ironic that the capitalist US is in debt to socialist China. The US debt may be short term in the scale of things. It has plenty of spare capacity having one of the lowest levels of taxation. A country with vast natural resources and
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Obama Interview: The complete transcript
CBS News
When you read made in China on products it means a worker in China has a job paying $0.89 per hour vs an American worker at $6.00 per hour, do the math, the private sector wants low wage workers. Private sectors jobs are growing in the area of computer
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China in Syria Series
The Diplomat (blog)
China has featured prominently, as any escalation against the Assad regime could threaten Chinese national interests. Given the country’s powerful voice within the United Nations, and its ability to undermine the effectiveness of US-led energy
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Jon Huntsman Comes Out Swinging Against GOP Rivals
ABC News
By IMTIYAZ DELAWALA Former Utah Governor and US Ambassador to China Jon Huntsman came out swinging against his rivals for the Republican presidential nomination, taking aim at Texas Gov. Rick Perry and Rep. Michele Bachmann for statements made on the
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China Wins Leg Title in Volleyball Grand Prix
Poland led by a slight margin in the first half of the first set, but were shocked by powerful serves from China’s top spiker Wang Yimei, which helped the hosts to dominate on the net and reversed the situation. “It was a turning point for us to come
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Demise of the US Dollar?
Chattanooga Times Free Press
Currently, the central banks of China and Japan hold about 22 percent of US debt making them the largest creditors to the US In the 1960s, former French Finance Minister Valéry Giscard d’Estaing famously charged the United States with enjoying an
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USA men end on a winning note; boys’ youth team fall
Palo Alto Online
The US Men’s Team ended its World University Games tournament on a winning note with a 25-19, 23-25, 25-16, 25-14 victory over Norway on Sunday in Shenzhen, China. The US Team finished the World University Games in 13th place with a 5-3 record.
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United Daily News: Why do Taiwanese investors need protection pact?
Focus Taiwan News Channel
One example is a Taiwanese food manufacturer who, after using duck eggs that were not certified, was fined 200000 yuan (US$31286) while his local supplier was fined just 5000 yuan. A third reason that Taiwanese investors in China are badly in need of
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Chinese may revive Short Vine
“It’s the American lifestyle,” said Terry Chan. “That’s much more attractive than the investment.” Chan is the point person for the program in Greater Cincinnati and Northern Kentucky and was one of three who traveled to China to woo potential
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Axner: Visit to China was chance to compare practices
Delaware News
“You hear so much about the high performing schools (in China), but I still feel good about what we’re doing in the United States, too,” said Axner, adding that US students would further benefit from education abroad. “I was a little apprehensive at
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Reader’s view: US credit downgrade shows lack of understanding
Duluth News Tribune
Standard & Poor’s has no idea of the reaction of our foreign creditors who hold trillions of dollars of US debt, such as China, Japan and Saudi Arabia, because the US debt has never been downgraded. Our country admittedly has a growing deficit and debt
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China’s Player Restrictions Could Be a Good Thing for the NBA
Bleacher Report
This lockout could foster better business relations with the NBA and CBA that could even spill over into other aspects of business between the USA and China in general. There so much that could come from this that to focus on the restrictions being
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ED FISHER: Another fine mess you’ve got us into
The Morning Sun
In 2010 we bought $273063 billion more from China than we sold there. (In 2010, the total US trade deficit was $497.9 billion. This was $1.8 trillion in exports minus $2.3 trillion in imports.) Every time you go to a Malwart Gigantic Enterprises store
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McCain on Qaddafi’s last stand
Norwich Bulletin
on the potential downfall of Libyan leader Muammar Qaddafi, the weakening US economy, and the possibility of Sarah Palin entering the race for the 2012 republican presidential nomination. Vice President Joe Biden wrapped up a visit to China that
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The future of the American fighter jet
Macon Telegraph (blog)
China and India are also in the new fighter business, China with its J-20 fighter prototype, and India with a new indigenous fighter. To be sure, the threat is not 10 feet tall today by any means. But, unless the US preserves its competitive fighter
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Maryland man sentenced in Chinese counterfeit network scheme
Washington Examiner
estate held in the names of family members in China, authorities said. The criminal operation was broken up after US Customs and Border Protection agents intercepted counterfeit products from China that had been sent to Cone, Zhao and JDC Networking.
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