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U.S. China News 2011.09.01

Thu, September 1, 2011

US Solar Company Bankruptcies a Boon for China
New York Times
By KEITH BRADSHER HONG KONG — The bankruptcy of three US solar power companies in the past month, including Solyndra of California on Wednesday, has left China’s industry with a dominant sales position, almost three-fifths of the world’s production
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Tokyo Shares End Higher As Exporters Rise On US, China Data
Wall Street Journal
By Brad Frischkorn Of DOW JONES NEWSWIRES TOKYO (Dow Jones)–Tokyo stocks rose for the sixth straight session on Thursday, helped by a slightly weaker yen and encouraging US and Chinese economic data, which allowed bellwether exporters such as Komatsu
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Wary of China moves, India, US & Japan plan talks
Hindustan Times
For the first time, India, US and Japan will hold a senior official level trilateral dialogue on “regional and global issues of mutual interest” in Tokyo next month with an eye on an increasing assertive China in the South China Sea and the overall
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Hong Kong Stocks Climb on Optimism Over U.S., China Economies
San Francisco Chronicle
Li & Fung Ltd., a supplier of toys and clothes to Wal-Mart Stores Inc., jumped 5 percent after a report showed US factory orders increased more than estimated. Jiangxi Copper Co., China’s No. 1 producer of the metal, advanced 2.9 percent.
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China’s Stocks Rise Most in Week on Manufacturing, U.S. Data
San Francisco Chronicle
1 (Bloomberg) — China’s stocks rose, driving the benchmark index’s biggest gain in a week, after manufacturing expanded at a faster pace in August and reports on US factory orders and business activity beat economists’ estimates.
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China Daily Launches US Weekly
PR Newswire (press release)
China Daily USA Weekly, produced by China Daily’s international teams in Beijing and New York, is printed in eight US cities – New York, San Francisco, Washington DC, Chicago, Los Angeles, Houston, Seattle, and Atlanta. Under the theme “US issues,
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US wants peaceful resolution of South China Sea dispute
IBNLive.com
leads us to injuries or deaths,” Lapan said.The allged confrontation was first reported by The Financial Times from London. The incident has been downplayed by the Indian Government.The report said the incident is the latest example of China”s
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US Border Protection Intercepts 520 Pounds of Chemicals En Route to Mexico
Fox News
A recent US drug bust shows that trafficking across the US-Mexico border is a two-way street. The meth component was being sent from China to drug traffickers in Mexico. The chemical, methylamine hydrochloride, was discovered in August at an air cargo
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Report on China not to create wedge with its neighbours: US
MSN India
Washington, Sept 1 (PTI) The Pentagon today dismissed the Chinese allegation that its recent report on China”s military buildup is trying to provoke confrontation with its neighbours, in particular with India, saying this is America”s assessment on
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Trade slump cuts US hopes for crop sales to China
Agrimoney.com
A slump in China’s purchases of US crops and meat has prompted Washington to downgrade hopes for trade with its top customer this season, and forecast a decline in 2012. China’s imports of American agricultural products, which averaged $2.5bn a month
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World factories falter, risking recession
Reuters
In China and the United States, similar surveys showed worrisome signs for future manufacturing. The Global Manufacturing purchasing managers index, compiled by JPMorgan with research and supply organizations, fell in August to 50.1, indicating growth
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Milner, Conway back Google ex-China chief’s tech fund
Reuters
O) China head Kai-Fu Lee, said Facebook investor Yuri Milner and American angel investor Ron Conway are among financial backers of its Internet fund that has just raised $180 million to help young Chinese grow their startup firms.
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Clinton Praises US-Vietnamese Relations
Voice of America
Vietnam, for its part, has been seeking US support in a dispute with China over territorial claims in the South China Sea. The American aircraft carrier USS George Washington visited Vietnam in August, making its second visit to the country in two
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World will witness anxious times as US power declines and China’s rises
Economic Times
The vector is now changing and in the economic rebooting, China’s international prestige and power have received a boost. Last month’s downgrade of US long-term debt from AA+ to AA+ by rating agency Standard & Poor’s came as no surprise.
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China and US remain most attractive locations for renewables investment
Business Green
By BusinessGreen staff China and the US have maintained their positions as the most attractive countries for renewable energy investment, while the UK moves up one place to fifth, a new report says. The results of Ernst and Young’s latest Renewable
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Solar company that Obama visited will shut down
Reuters
Even industry heavyweights such as China’s Suntech Power Holdings Co Ltd and US-based First Solar Inc are struggling with dwindling profits, while small, up-and-coming solar companies are finding it increasingly difficult to stay afloat.
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IBM: PCs Are Yesterday’s Technology. China: Sure, But Give Us Millions More.
Singularity Hub
In fact, all of China is going PC crazy. As of the second quarter of 2011, China surpassed the US as the biggest market for personal computers (22% market share vs. 21%). The Wall Street Journal has more on China’s silicon hunger in the video below.
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Cargill bars Syngenta corn variety at US mills
Reuters
N), has also barred Agrisure Viptera from its facilities, awaiting additional export market approval, particularly from China — a top US grains and oilseed customer. “Cargill strongly values its right to accept or restrict products of agricultural
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US lawmakers seek China news on deported Uighurs
AFP
WASHINGTON — Two senior US lawmakers on Wednesday criticized Malaysia for sending 11 ethnic Uighurs back to China and urged Beijing to reveal the group’s whereabouts. Republican Representative Chris Smith and Democratic Senator Sherrod Brown,
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US voices concern over monk’s conviction in China
iNewsOne
The US government repeatedly has urged the Chinese government to allow access to Tibetan areas of China for both journalists and diplomats so accurate information can be reported,’ said the spokesperson. ‘To resolve underlying grievances of China’s
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US should have spent taxpayers’ money more meaningfully: MOD spokesperson
Xinhua
“I noticed that the report’s cover page says [the report] costs 73212 US dollars to produce,” Colonel Yang Yujun said, mentioning the United States Department of Defense’s Annual Defense Report which claims that China has been increasingly focusing on
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Canberra warned of risks in China’s rise
The Australian
AUSTRALIAN security agencies warned the US in 2006 that, as China built up its military power, there was a danger of misunderstandings that could lead to a crisis. In a joint review of a US Defence Department report on China’s military power,
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What Is Sjögren’s Syndrome?
Fox News
By Colleen Cappon Venus Williams of the United States prepares to serve during her quarterfinal match against China’s Li Na at the All England Lawn Tennis Championships at Wimbledon, Tuesday, June 29, 2010. (AP Photo/Anja Niedringhaus) Tennis superstar
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Japan Stocks Gain for Sixth Day as U.S. Factory Orders Rise; Sony Advances
Bloomberg
Photographer: Kiyoshi Ota/Bloomberg Japanese stocks rose for a sixth day, the longest winning streak in almost two months, after reports showed manufacturing activity expanded in the US and China, boosting the outlook for exporters and machinery makers
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China’s workers most likely to call in “sick”: survey
Reuters
Nearly three-quarters, or 71 percent, of respondents in China said they had, followed by India with 62 percent. But only 16 percent of workers in France said they had done so. In Mexico, 38 percent had. In between were workers in the United States and
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East Asia: United States Gears-Up To Meet China Threat – Analysis
Eurasia Review
All of them look upto and expect the United States to provide countervailing power against China. United States as the sole existing Superpower has vital strategic stakes in East Asia and in South East Asia in terms of regional stability and the
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Crude Oil Climbs as Much as 0.3% in New York; Brent Premium to WTI Widens
Bloomberg
By Ben Sharples and Ann Koh – Thu Sep 01 06:31:53 GMT 2011 Oil advanced from a two-day low in New York as investors speculated that signs of manufacturing growth in China and the US indicate fuel demand will increase in the world’s two biggest crude
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Asian markets rise after on upbeat data in US and China
FXstreet.com
FXstreet.com (Barcelona) – Asian markets have opened the month in a positive tone, with investor’s sentiment lifted by upbeat manufacturing figures in China and in the US, easing concerns about the global economic slowdown.
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Asian Shares Gain on Fed Hopes, China PMI
CNBC.com
Asian stocks closed mostly higher on Thursday, extending a recovery from a sharp sell-off in August on slightly higher China PMI data and hopes that the US Federal Reserve will intervene in markets to support the economy. China’s official PMI offered
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LI v. ATTORNEY GENERAL OF U.S.
Leagle.com
In 2007, Li filed a motion to reopen, seeking to apply for asylum on the ground that, since the time of her initial removal proceedings, she had given birth to three United States citizen children, and feared persecution for violating China’s
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METALS-Copper falls on China exports, Europe factory data
Reuters
Federal Reserve Chairman Ben Bernanke last week stopped short of detailing further action to boost the US recovery but said the central bank would consider what more it could do to fight high unemployment, giving some comfort to investors.
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Chinese strive to secure soft landing
Financial Times
By Jamil Anderlini in Beijing While politicians in Europe, the US and most other developed nations struggle with the prospect of another downturn, China’s leaders face the opposite problem – how to stop their economy from roaring ahead too quickly.
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Make China our new partner in space
CNN International
Yes: Bring China into the International Space Station program. China is the only other entity besides the US and Russia with a human spaceflight capability. In fact China is, at the moment, the only entity that can launch astronauts into low earth
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TSX may open low on weak commods, US data eyed
Reuters
quantitative easing from the US Federal Reserve. [GOL/] * Copper fell on weak export orders from big metal consumer China and a survey showing a contraction in manufacturing activity in the euro zone, but supply concerns kept a floor under prices.
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Should we be concerned about China?
New York Forum (blog)
by NYF Team on August 31, 2011 When US Vice President Joe Biden visited China earlier this month he went on a charm offensive. ”Our mutual success will benefit the whole world,” he told his audience. “As the two largest economies in the world …
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Copper Declines as Chinese Export Orders Drop: LME Preview
San Francisco Chronicle
NSN LQSVJL6K50XV — Oil advanced from a two-day low in New York as investors speculated that signs of manufacturing growth in China and the US indicate fuel demand will increase in the world’s two biggest crude consumers.
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China needs to act fast on oil spills
China Daily
The US government also made an official website to indicate the government’s measures and provided contact information to authorities. If China enforces more loss assessments and spill investigations, and evidence collection are carried out earlier,
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Sino Bioenergy Salutes China Energy Policy
MarketWatch (press release)
China invested US$34.6 billion into clean energy in 2009, an amount ranked #1 among G20 countries, and almost twice of that of the US The Renewable Energy Law passed in 2005 explicitly states in its first chapter that the development and the usage of
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Asian Stocks Set for Best Streak Since January on U.S. Manufacturing Data
Bloomberg
(Source: Bloomberg) Asian stocks climbed, with the regional benchmark index set for its longest streak of gains since January, as manufacturing in China and the US expanded, boosting the outlook for exporters and machinery makers.
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Exclusive: China COSCO to consolidate freight units
Reuters
“It is a very good time for us to restructure so we can give one voice to our clients to bargain with them.” COSCO has sought better terms for lease contracts signed during the peak of the market in 2008, but its decision to stop payments to several
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Merck Millipore Eyes China as Strongest Growth Market in Future
Bloomberg
By Allison Connolly – Thu Sep 01 08:00:01 GMT 2011 Merck KGaA (MRK)’s Millipore unit sees China as the biggest growth market as demand in the US wavers amid budget pressures, said Bernd Reckmann, the Merck board member responsible for the Millipore
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Two Rivers Water Company Highlighted in NEWSMAX Analysis of Chinese Purchase
MarketWatch (press release)
Mr. McKowen stated, “The greatest fear of the Communist Party of China is a food shortage because although a worker will tolerate a smaller apartment, he becomes a barbarian at the gate if his child is starving.” The analysis concluded that American
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The Dollar Is Still China’s Best friend
Seeking Alpha
The recent downgrade of US debt by S&P did not come as a total surprise to the world. US fiscal problems have been known for years. Over the last decade China has amassed enormous foreign reserves. Nearly 70% of China’s $3.2trillion in foreign reserves
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Apple’s China ‘suppliers’ under fire for pollution
Montreal Gazette
Chinese suppliers for US computer giant Apple are releasing highly toxic substances into the environment, causing health problems for local residents, a campaign group in China has said. BEIJING – A Chinese environmental group has said factories it
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China wealth fund may get $100 billion: report
MarketWatch
By China Bureau SHANGHAI (MarketWatch) — China may inject another US$100 billion into China Investment Corp. for overseas investment, as part of a potential restructuring of the sovereign wealth fund, the China Business News reported Thursday.
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Deutsche Telekom Loses $12B Even In New Bid
Bloomberg
The deal, struck at 28.8 times profit, gave T-Mobile USA the highest valuation of any wireless carrier outside China. With T-Mobile USA now mired in its biggest profit slump in almost a decade, a sale at the same multiple AT&T was willing to pay would
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