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U.S. China News 2011.08.30

Tue, August 30, 2011

China’s Stock Futures Rise on Valuations, U.S. Economic Data
San Francisco Chronicle
30 (Bloomberg) — China’s stock-index futures rose, signaling gains for the benchmark index, after a two-day decline drove valuations close to the cheapest levels and US consumer spending advanced more than forecast. Futures on the CSI 300 Index
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China Vs. United States: War Of The Oil Sands
Seeking Alpha
If one was to pay attention to current political/military events, it would be hard to miss the coming rise to power of China. This nation of 1.3 billion people has been on a rapid growth rate of both economic and military might in recent years.
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Climate change concern tumbles in US and China
The Guardian (blog)
The global climate negotiations, still the only real game in town, are dominated by the US and China. The Nielsen survey finds that less than half of Americans (48%) are concerned about global warming, compared to 51% in 2009 and 62% in 2007.
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China top brass: US military worries groundless
People’s Daily Online
This report on China’s military has reflected the resurgence of the Cold War mentality in the United States. Second, the report is not in line with the established principles of ChinaUS relations. China sticks to the fundamental principles of “mutual
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Chinese Prudence vs. US Recklessness
AOL News
China has more than US$3 trillion of foreign reserves and an economy in steady expansion despite global financial uncertainties. There are plans to build 221 cities with more than one million inhabitants by 2025, and eight hyper-modern megacities home
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China’s yuan could challenge dollar role in a decade
By Alan Wheatley, Global Economics Correspondent LONDON (Reuters) – Here’s a bold prediction to feed Western worries that power is shifting inexorably to the East: China’s yuan could overtake the US dollar as the world’s principal reserve currency as
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Hertz Expands Electric Car Rental in United States and China
Cleantech Blog (blog)
Mitsubishi will soon start deliveries of the US version of this popular electric city car. In other European cities, Renault electric cars are offered. Now Hertz is expanding into the world’s biggest EV market. In China, Hertz established a partnership
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They are increasingly afraid to interfere in China’s human rights, even to the point of publicly stating that human rights are not the focus of USChina relations. As soon as the Chinese Communist Party shouts “interference in internal affairs”,
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US Solar Industry Was Net Global Exporter by $1.9 Billion in 2010
Solar Novus Today
The leading destinations for US-sourced PV components were China and Germany. Meanwhile, US imports of PV products totalled $3.7 billion, the majority of which ($2.4 billion) came from procurement of modules assembled overseas. China and Mexico were
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Magma Launches Worldwide Silicon One Seminar Series in U.S., Canada, Korea
MarketWatch (press release)
WHAT: Will offer a series of Silicon One Seminars presenting innovative solutions for advanced analog and digital design challenges. The seminars will feature two technology tracks running simultaneously, titled: REGISTER: Complimentary registration is
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Bank of America Selling its Stake in China Construction Bank – NYSE:BAC
USA Market News
Bank of America is planning to sell off half of its holding in China Construction Bank to a consortium of anonymous investors. The US’s biggest bank by assets stated that it will sell 13.1bn shares in the Chinese bank for $8.3bn (£5.1bn).
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U.S. Infant-Formula Makers Expand Business In China
Investor’s Business Daily
By AMY REEVES, INVESTOR’S BUSINESS DAILY Posted 08/29/2011 05:30 PM ET You might not think a country with a one-child-only policy would be a booming market for infant formula, but China has become one of the hottest markets for US suppliers,
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American Elements CEO Says America Needs a Strategic Metals Reserve
MarketWatch (press release)
American Elements is the world’s manufacturer of engineered & advanced materials with corporate offices and primary research & laboratory facilities in the United States and manufacturing & warehousing in the United States, China, Mexico and the United
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Sina Buys $66.4 Million Stake in China’s Tudou to Expand in Online Video
By Mark Lee – Tue Aug 30 05:33:53 GMT 2011 Sina Corp., owner of China’s third- most popular website, paid $66.4 million for a stake in Tudou Holdings Ltd. to boost its investments in online video services. Sina acquired 1.075 million American
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Wikileaks reveals US hopes for environmental activism in China
The Guardian (blog)
As I have reported in recent days, the 2006-2008 cables contains some intriguing nuggets about China’s environment, including strong US concerns about nuclear safety, tiger conservation and, pollution. Here I want to flag up another topic – civil
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War fatigue
Philippine Star
P-Noy’s state visit to China won’t resolve territorial disputes between the two countries, but it’s good for confidence building and establishing goodwill. Even Washington is pursuing the same tack with China. Secretary of State Hillary Clinton and US
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Nuggets free agent Chandler heading to China
USA Today
To get the latest sports news from USA TODAY, including game results, columns and features, follow us on Twitter at @USATODAYSports. In China, the 24-year-old Chandler will play for former NBA coach Jim Cleamons. For more information about reprints
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China provides smoking gun against itself in cyberattacks
Is there another one with US government sites listed? Is there one with corporations or media outlets in this country? China has proved that it does not respect our borders when it comes to cybersecurity. Government officials, Google and other victims
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Bill Gross: Romance Between China And The US Is Complicated
And sometimes China dresses up in leather and uses its 7 piece bondage kit on us? China, meanwhile, calmly played its cards with a decades-long plan centered around capitalistic mercantilism, a game the United States claimed to play best but somehow
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Poll: China seen as overtaking US as leading superpower
The Star-Ledger –
By Star-Ledger Staff After rising throughout the 20th century as the world’s most powerful nation, the United States may well be losing its influence to China. A Pew Research Center survey shows people in many nations feel the Chinese either have or
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America’s self-inflicted decline
CNN (blog)
Most importantly, China’s call for the introduction of a new reserve currency stems from its frustration with the failure of major governments – whether in the US or Europe – to govern their economic affairs with realism and good sense.
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It’s a golden outcome for US
Boston Globe
He originally won the silver but was stunningly bumped up to champion when Cuban world-record holder Dayron Robles was disqualified for smacking hands not once but twice with Liu Xiang of China over the final few hurdles. “I can beat Robles’s world
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China reinterprets untying the knot
Once rare in China, divorce is now common, with about 5000 couples deciding to call it quits each day. Although China’s divorce rate remains well below that of the US and UK, the number of Chinese divorces has increased at an annual rate of 7.6 percent
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US Growth Outlook Lowered; Dollar General Net Rises
10:00 AM New York – US indexes traded lower ahead of the consumer confidence report and the minutes of the FOMC meeting held in August. Bank of America agrees to sell its partial stake in China Construction Bank. US indexes traded lower ahead of the
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Candidates: It’s about China
The only cut President Barack Obama is willing to make in federal spending is in our military power, which means he will be ceding our military superiority to China and other hostile totalitarian nations. While Obama is shutting down our US space
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Federer, Venus roll on, Kvitova out in US Open
China Daily
Peng Shuai, seeded 13, also advanced in straight sets of 6-3, 6-4 over US player Varvara Lepchenko. 2010 US Open quarterfinalist Cibulkova, 14th seed, beat China’s Zhang Shuai also in 6-3, 6-4. 24th-seeded Nadia Petrova of Russia edged off Yung-Jan
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Trade imbalance with China hurts US
USA Today
As a result, the government cuts back investing in education, infrastructure, and research and development while China spends more. Finally, we sell China billions of dollars worth of US securities every year to fund our debt.
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Africa Trade Using China’s Currency Set to Reach US$100 Billion, Says Standard
intending to add efficiency and resilience to China’s trade and investment flows. “China is not about to dump US treasuries in some maligned quest to trigger a financial collapse and depreciation of the US dollar. China will embark on a
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Chinese, US vice-presidents visit quake reconstruction project
China Daily
Biden said that students in China have accomplished great progress compared with more than 30 years ago. The United States and China share common interests. China’s development will not merely benefit its people but it is also in the interests of the
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The latest news from the USOC – August 30
Kansas City Star
22 at the 2011 World University Games in Shenzhen, China helping the women’s team capture a silver medal in the overall team competition. Olympic silver medalist Molly Schaus (Natick, Mass.) made 17 saves and Team USA did all of the scoring in the
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American Airlines Channels Pan Am’s China Clipper-Style Service For High-End
MediaPost Publications
One might say airline seating is a linear metaphor for the end of the middle class and advent of a US caste system, with the growing gap between coach and first class. American Airlines’ latest perk: hotel-style luxuries like pajamas and slippers to
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Chinese Investments in Latin America
US-China Institute
Please join us for a one-day conference on China’s economic involvement in Latin America. The aim of the conference is to foster an open and frank dialogue between business leaders, academics and researchers from China, the United States and Latin
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Did S&P overreact in downgrading the US?
Business Standard
And better to hasten into a new world, wherein dozens of US corporations enjoy rating higher than their sovereign. China has hardly moved any of its holdings out of the US. So, which is the most valued and trusted economy? Clearly, it is the United
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U.S. women win World Grand Prix gold
Sioux City Journal
MACAU, China — Avenging a Friday setback in their final pool-play match, the US women’s national volleyball team knocked off top-ranked Brazil 26-24, 25-20, 25-21 here Sunday to win the 2011 FIVB World Grand Prix championship. The 14-member American
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U.S. Exports To China Grew 4 Times Faster Than Exports To The Rest Of The
Daily Markets
We hear a lot about Chinese exports to the US, but we don’t hear as much about US exports to China. Here are some facts from the USChina Business Council: China is the third largest export market for the United States ($92 billion in 2010),
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CPSC Recalls Swing Set, Belay Device, Citing Fall Hazard
Wall Street Journal
from China, received five reports of the sling-style swing seats breaking during use, causing minor bruises and scrapes in some cases. The swing set was sold exclusively at Toys “R” Us Inc. stores from January 2011 through May 2011 for about $270.
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Martin Luther King’s made-in-China memorial
National Post (blog)
Still others are upset that the work was done in China and US architects were ignored For Stanley Wrzyszczynski at the Newark Advocate, the finished work gives completely the wrong impression of King. My initial reaction … was of the body language of
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Shale Gas in China RDS-A, BP, CVX
Live Trading News
Ltd. (NYSE:PTR) and Cnooc Ltd. (NYSE:CEO) are set to explore China’s vast projected reserves of Shale Gas. The US Energy Information Administration estimates the China sits on top of about 1275 trillion cubic feet of Shale Gas, which is about 50% more
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China faces upgrade-or-die deadline as labour supply dwindles
Financial Post (blog)
Products such as clothes, shoes and furniture that the General Administration of Customs doesn’t classify as “high- tech,” accounted for about 68 percent of China’s exports last year, or US$1.09-trillion, little changed from the 71% share in 2005,
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Bunge rejects Syngenta corn trait
Stock and Land
The snag seems to be with China, which is importing increasingly more US corn. According to USDA, China is currently the seventh-largest destination for US corn, but that market is expected to grow significantly this year. China represented only 3% of
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GRAINS-US wheat falls on rain f’cast, corn snaps 7-day rally
Reuters Africa
Soybeans also dipped, tracking the weakness in corn and wheat values, although the market is being supported by dry weather hurting crops in the United States and China during the crucial pod setting stage. “The latest weather reports suggest some of
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Recycler Parc finds niche business with global OEMs
Plastics News
One client, a major American personal care brand, used to source recycled resin from factories in the United States and Mexico. The automated sorting process commonly used by US recyclers results in higher yield loss than manual sorting used in China.
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Reinventing America — from the bottom up
Reuters Blogs (blog)
They quote General Electric CEO Jeff Immelt as saying: “What we lack in the US today is confidence that is generated by solving one big, hard problem — together.” The authors insert China as the foil to create a sense of national urgency and applaud
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