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U.S. China News 2011.08.22

Mon, August 22, 2011

Biden says China, US share global responsibilities
BusinessWeek
By CHRISTOPHER BODEEN Vice President Joe Biden reassured China on Sunday on the safety of its US debt holdings and said the United States and China need to recognize their mutual global responsibilities and ensure greater fairness in trade and
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China Shares End Lower For Fifth Straight Session On US Uncertainties
Wall Street Journal
SHANGHAI (Dow Jones)–China’s shares ended lower for a fifth consecutive session Monday as investors remained cautious after US stocks notched their fourth straight losing week Friday. The benchmark Shanghai Composite Index, which tracks both A and B
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Remarks by Vice President Biden on USChina Relations
eNews Park Forest
The fact is China and the United States face many of the same threats and share many of the same objectives and responsibilities. But because we sometimes view threats from different perspectives — that is China and the United States view them from
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Suntech sees margins, shipments improving sequentially
Reuters
Solar companies are looking at China, India and the United States to drive future growth, and Kleinwort Benson Investors predicts China will be the biggest solar market in three years, followed by the United States.
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China’s Triangle Group Making Akron, Ohio, its US Home
AftermarketNews.com (AMN)
AKRON, Ohio and WEIHAI, China – After months of discussions and meetings, China’s Triangle Group announced plans to make Akron, Ohio, its US home. The tiremaker said it would open a research and development center in Akron, and later expand it to
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Painter, USA Men Race Past Romania
Purdue Boilermakers
SHENZHEN, China – The 2011 USA Men’s World University Games Team (6-1) jumped out to a 12-0 run to start its game against Romania on Sunday and never relinquished control en route to a 94-73 win. One day after falling to Lithuania in the quarterfinals,
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Delle Donne, US take gold at World Games
The News Journal
University of Delaware standout Elena Delle Donne looks to pass during Sunday’s World University Games championship game in Shenzhen, China. Delle Donne led the US team in scoring and rebounding in the tourney. USA BASKETBALL SHENZHEN, China — Add
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Honda recalls over 2 million automobiles in China and US
Brain & Spinal Cord Injury Center (blog)
According to reports, they will begin notifying owners at the end of August. Takahashi, Yoshio. (August 6, 2011).“Honda to Recall 2.6 million Vehicles in US, China” Retrieved on August 22, 2011 from The Wall Street Journal.
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Official Chinese documentary reveals military cyber-attacks against US
Daily Caller
By Tina Nguyen – The Daily Caller Published: 1:29 PM 08/22/2011 Officially, China does not wage acts of cyber-warfare against the United States. Unofficially, mounting evidence points to Chinese entities attacking multiple entities in the US,
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China doesn’t embrace being NBA stars’ backup plan
SportingNews.com
LeBron James’ trips to China have been successful, but the nation is stifling NBA players’ efforts to play there if the NBA season is interrupted. (AP Photo) The latest news on USChina relations doesn’t make it sound that way.
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CSIL estimates 2010 China furniture consumption at US$109 billion
Furniture Today
MILAN, Italy — A detailed new report on furniture production and consumption in China is available from the research organization CSIL. The 87-page report, available for immediate download, describes a market that has grown rapidly to become the
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China, the US and Transparency
The Diplomat (blog)
‘Lack of strategic transparency and understanding remains a major problem between the US and China,’ Erickson told The Diplomat. ‘Beijing has traditionally disclosed far less information about the most critical aspects of its military capabilities than
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China Researcher: US May Be On Its Way To Default On Debt
NASDAQ
There is no guarantee for sovereign debt, which increases the risks the lenders face, said Wang Tianlong, a researcher at the China Center for International Economic Exchanges, a think tank supervised by the country’s economic planner, adding that the
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BofA Drops Most in S&P 500 on Status of China Construction
BusinessWeek
22 (Bloomberg) — Bank of America Corp. led decliners in the Standard & Poor’s 500 Index after China Construction Bank Corp. said the US lender will keep at least half its stake, spurring new debate on the American firm’s capital plans.
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Tensions In China
Hartford Courant
In the US, contact the State Department at 888-407-4747, 317-472-2328 or 202-647-5225, or travel.state.gov; abroad, check in with the nearest American embassy or consulate. >>China: The Chinese government announced a two-month “strike hard” campaign
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ISU’s Fennelly leads US to gold medal
Waterloo Cedar Falls Courier
(AP Photo/Ames Tribune, Amy Vinchattle) SHENZHEN, China — The United States women’s basketball team, coached by Iowa State head coach Bill Fennelly, completed a dominating run to the gold medal at the World University Games with a 101-66 victory over
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Eriez® Announces Expansions in US, Canada, China and India
CisionWire (press release)
Eriez®, world authority in advanced technology for magnetic, vibratory and inspection applications, announced that the company will expand its operations in the United States, Canada, China and India to address the growing global demand for Eriez
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China blacklists US scholars over their book on Xinjiang
Tibetan Review
(TibetanReview.net, Aug22, 2011) China’s much exhorted call on the West to come and see the real China before you say or write about it does not apply to a group of 13 US scholars because Beijing has blacklisted them for having written on the Xinjiang
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China stock looking to US for clues in Asia
Chinavestor.com (blog)
August 22, 2011 (Chinavestor) China stocks were mixed on Monday leaving a highly volatile week behind. The Hang Seng Index (INDEXHANGSENG:.HSI) made a swift comeback in the last hour of trading, rising 86.9 points or 0.4% by the end of the day.
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‘The West Has Become Very Conceited’
Spiegel Online
Fu Ying: Both China and Pakistan have denied this rumor. I think the most important thing is the question of whether China and the US are enemies. Are we going to be in a war? Are we preparing for a war against each other? We certainly don’t see it
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China Should Link Taiwan Arms Sales to Purchases of US Debt (Global Times
The Moderate Voice
As a major holder of US debt, Beijing is frustrated over its lack of leverage over US monetary policy, since as the dollar depreciates, China’s dollar holdings lose value. But according to this editorial from China’s state-controlled Global Times,
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Renminbi appreciation is not the answer
Business Spectator
The first is that an appreciation of the RMB will narrow China’s trade surplus with the US. This will help to reduce political tensions between the two countries, which have centred on manufacturing job losses in the US.
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China and Germany ahead on cleantech: Q&A with Devashree Saha from the
New York Forum (blog)
Over email, she tells the New York Forum why this industry matters, and — with China and Germany taking the lead — ponders its future in the US. NYF: Hopes of investment in green energy were high when Obama announced his stimulus package in 2009.
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Deloitte: 4G could produce 771000 new jobs in US by 2016
ZDNet (blog)
On the international level, Deloitte has found that over 150 carriers in 60 countries are committed to developing 4G technology and networks, with South Korea, Sweden and China as some of the leaders in this movement.
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Tainted Chinese honey pours into U.S.
Western Farm Press
A third or more of all the honey consumed in the US is likely to have been smuggled in from China and may be tainted with illegal antibiotics and heavy metals. A third or more of all the honey consumed in the US is likely to have been smuggled in from
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China Mass Media Reports Second Quarter 2011 Unaudited Financial Results
MarketWatch (press release)
US Toll Number: +1 617 847 8706 – US Toll Free Number: +1 800 237 9752 – HK. Toll Free Number: 800 96 3844 – South China Toll Free Number/ China Telecom: 10 800 130 0399 – North China Toll Free Number/ China Telecom: 10 800 152 1490 – South China Toll
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Even in China, Joe Biden couldn’t resist using the Tea Party as a political
Telegraph.co.uk (blog)
And that was very disturbing and bothersome to us, and we have to deal with is. We do have a deficit that I was asked by the President to head up a commission to try to deal with that deficit. And we made some significant progress, but not the progress
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‘Energy and ambition’ attract young Americans
China Daily
By He Wei (China Daily) SHANGHAI – China has captivated the imagination of Hunter Levan for as long as he can remember. Levan, 29, came to China in 2009, but the US citizen has been interested in the country since his childhood, when he was a fan of
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Cal Poly business students take trip to China
San Luis Obispo Tribune
“The only way for American students to truly begin to understand and appreciate what’s happening in countries like India and China, and their business impacts on the US, is to get on a plane and see and experience it for themselves,” professor Chris
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9 Companies That Will Benefit From Rising Emerging Market Demand For Coal
Seeking Alpha
Coal generates half of the electricity in the United States and more than three quarters of China’s. According to the International Energy Agency (IEA) China surpassed the US in 2010 as the world’s largest energy consumer. Currently the US is phasing
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US recession fears dominate market
The New Age Online
On Sunday, US Vice-President Joe Biden assured China that “the US will never default on its debt” in response to the recent downgrade by Standard & Poor’s but that is not enough to assure investors that the world’s largest economy will not slip into
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Latin America Withstands Crisis
Latin Business Chronicle
Mexico and Central America , which are more exposed to the US market will suffer more than South America which can count on continued exports of commodities to China and India . The region has also its own long term challenges such as poverty,
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Is America doomed? Perspectives on US debt crisis
Daily Mirror
China lends the dollars back to the US and helps US finance its budget deficit. Would anyone be surprised when US is today referred to as the United States of China? China would not want the US to fall, neither will Japan, which holds $900billion in US
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How Google Deal Can Help Motorola in China
AdAge.com
“People are much more willing to spend money here on phones than they are in the US,” said Ben Cavender, associate principal at the China Market Research Group in Shanghai. “When you talk to consumers about what they’re doing for their next phone
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Merritt Island man begins quest to find downed WWII plane, cousin’s remains
Florida Today
Posted August 20, 2011 High atop a steep mountainside in remote southwest China’s Yunnan province rests the wreckage of an aircraft that likely still contains the remains of its American crew. pilot James S. Browne, and two others who went down in the
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China respects Libyan people’s choice’
Hindustan Times
The foreign ministry’s comments came as heavy fighting raged near Kadhafi’s Tripoli compound, prompting the United States to say the embattled strongman’s regime was at a “tipping point”. “China respects the Libyan people’s choice and hopes Libya will
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MSU’s China Executive MBA program
Springfield News-Leader
School officials say the program has enriched campus culture, helped retain faculty with extra pay, boosted the local economy, fostered business relationships between the US and China — and been highly profitable. In four years, the special program
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UPI NewsTrack Business
UPI.com
The economist said the current scale of sovereign debt at risk of default in Europe and the United States is far behind the level in 2008. However, he also said China should further tighten its monetary stance to lessen capital inflows in the coming
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Global Market Turbulence Has Limited Impact on China, Zhang Says
Bloomberg
“Fragile sentiment is spreading, and that’s the main problem, whereas the impact on China’s real economy will be limited,” he said. Faltering US growth and a failure to resolve Europe’s debt crisis are weighing on the confidence of investors,
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Soros: Why Financial Markets Can Predict the Future
CNBC.com
Oh, and he also hints that China is propping up the euro because it wants an effective alternative to the US dollar. Questions? Comments? Email us at Follow John on Twitter @ twitter.com/Carney Follow NetNet on Twitter @ twitter.com/CNBCnetnet Facebook
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“You have chosen poorly!” The Problem with Historical Analogies and U.S. Policy
Foreign Policy Journal
With Vice President Biden’s state visit to China this month, and Beijing’s eagerness to discuss the issue of the South China Sea and arms sales to Taiwan, it would be valuable to examine historical precedents regarding US naval policy towards China .
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