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U.S. China News 2011.09.02

Fri, September 2, 2011

Analysts: China Unlikely to Replace US in Pakistan
Voice of America
September 01, 2011 Analysts: China Unlikely to Replace US in Pakistan William Ide | Washington Pakistan’s President Asif Ali Zardari made a three-day visit to China this week at a time when relations between Islamabad and Beijing appear to be growing
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After China state visit, P-Noy off to US, Japan
Philippine Star
MANILA, Philippines – After his state visit to China, President Aquino is embarking on two more state visits this month, this time to the United States and Japan – the Philippines’ first and second largest trading partners, respectively.
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China Shuts Down US Operated Oil Field
Voice of America (blog)
Beijing is ordering a US-based oil company to stop drilling in one of China largest offshore fields, accusing the firm of failing to plug an ongoing leak. China’s State Oceanic Administration Friday told ConocoPhillips to stop production at the Penglai
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Exclusive: China curbs Iran energy work
Reuters
“The Chinese are quietly taking credit with US officials for being cooperative” on Iran, a senior US Congressional aide who closely follows USChina relations told Reuters. “I really date it back to mid-to-late 2010, when they began to signal to us
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Risk of Miscalculation in South China Sea: Ex-US Official
CNBC.com
The growing tension between China, Vietnam and the Philippines in the South China Sea could lead to a miscalculation and further escalation between the parties, a former advisor to US Vice President Dick Cheney warned on Friday.
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China Daily enchances its US coverage
China Daily
China’s national English-language newspaper group announced Friday the launch of a 24-page full-color weekly tabloid distributed along with its Friday edition in the United States. The first issue can be found in today’s edition. China Daily USA Weekly
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China: ‘You can’t depend on us alone to rescue Greece’
EUobserver.com
By Valentina Pop Brussels – A ‘regular’ phone call between European Commission chief Jose Manuel Barroso and Chinese Prime Minister Wen Jiabao on Friday morning (2 September) was aimed at reassuring markets that China will continue to support the
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Solar Shocker: U.S. Exports Nearly $2 Billion of Solar Products
Tucson Citizen
In fact, a report released this morning from GTM Research and the Solar Energy Industries Association found that the US has a $247 million trade surplus with China. US imports in 2010 were estimated at $1.4 billion, while exports were estimated to be
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Airline adds nonstop from LAX
China Daily
Yang said as China’s economy has been steadily growing for decades, the market size for Air China’s international flights, especially those between China and the US, has tremendously expanded. More Chinese travel to the US as the country opened its
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American Lorain to present at Rodman & Renshaw Annual Global Investment
Sacramento Bee
American Lorain Corporation products include chestnut products, convenience food products and frozen food products. The Company currently sells over 240 products to 26 provinces and administrative regions in China as well as to 42 foreign countries.
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Report: Chinese Investors Bid for US Dodgers Baseball Team
Voice of America
September 02, 2011 Report: Chinese Investors Bid for US Dodgers Baseball Team VOA News The Los Angeles Times reports that a group of investors indirectly financed by the government of China is offering to buy Major League Baseball’s Los Angeles Dodgers
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China at her fingertips
China Daily
It all started in 1971, when 27-year-old Berris took a year’s leave of absence from the US Foreign Service to help out at the National Committee on United StatesChina Relations (NCUSCR). Little did she know that the journey would last over 40 years
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China Daily Adds Glossy Weekly US Insert
mediabistro.com
By Richard Horgan on September 2, 2011 9:15 AM Today marks the debut of USA Weekly, a 24-page full-color insert magazine bundled with the Friday American edition of daily international English language newspaper The China Daily.
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Asian Shares End Lower; Caution Before US Jobs Data
Wall Street Journal
Hong Kong’s Hang Seng Index fell 1.8%, and China’s Shanghai Composite lost 1.1%. “There’s not much conviction to carry large, unnecessary positions going into the [US non-farm payrolls] number,” said Peter Esho, chief market strategist at City Index in
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Room for Debate: A Running Commentary on the News
New York Times
Academic freedom, which does not exist in China, will suffer in America. The price of engagement with China: American universities must make compromises. It already has, as we learned from the sorry tale of the “Xinjiang 13,” American scholars who
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A China model for the Arab Spring
Asia Times Online
Certainly the easier political choice for Nixon would have been to further isolate China. But Nixon chose to take the domestic political risks in the US that would allow China to pivot towards a more open relationship with America.
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China in vogue
China Daily
I think there is a lack of knowledge of what people are all doing in China at the moment. “We have the access and the authority that is completely unlike any other magazine. A designer, or brand, will come to us first with a question or if they have a
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Trade between China and Portuguese-speaking countries nearly US$63 billion in
Macauhub
Angola, which is the second-largest trading partner amongst the eight nations, posted trade with China of US$15.035 billion, of which US$13.610 billion (1.5 percent less) were Angolan exports to China and the remaining US$1.425 billion (33.50 percent
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The lesson of the Chinese invasion
Salon
Xenophobes will say China’s ascendance threatens America’s global cultural hegemony and promises to create a dystopia forcing us all to endure the supposed horrors of speaking Mandarin and using chopsticks. Such misguided and bigoted demagoguery,
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A tale of two economies
Philippine Star
Ten years ago, it would have been unthinkable to imagine the mighty US in such a tight bind, and it would also have been a stretch of the imagination to think that China would present such a formidable challenge to America’s dominance.
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When it comes to the US, keep the faith
Toronto Sun
By its interest payments alone to China, the US will be “covering the entire cost of the Chinese People’s Liberation Army,” Steyn said. This sort of sky-is-falling pessimism is common these days, as the Barack Obama administration in the US runs its
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Emerging-Market Stocks Extend Declines After U.S. Payrolls Report
Bloomberg
The extra yield investors demand to own emerging-market debt over US Treasuries rose six basis points, or 0.06 percentage point, to 369, reversing earlier declines, according to JPMorgan Chase & Co.’s EMBI Global Index. China’s Shanghai Composite Index
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Silvercorp Notes Large Short Position in Stock and Receipt of an Anonymous
MarketWatch (press release)
Further information to reconcile this China GAAP consolidated total net profit with the US$66 million figure will be posted on the Company’s website. The anonymous author’s numbers are clearly false. As further evidence of Silvercorp’s net profit,
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US producer Noah’s Mfg. looking to sell mattresses in China
Furniture Today
HOUSTON — Noah’s Mfg., a bedding producer based here, is looking to sell its mattresses in a new and distant market: China. The producer, which now serves customers in the Southwest, recently formed a distribution partnership with Zibo Senbao
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Chinese investor defends plan for Iceland resort
The Associated Press
He said the site in Iceland’s northeast is slated to be one of a string of exclusive nature retreats in China, the United States and Scandinavia. “This is all private investment,” said Huang, a 55-year-old former government official,
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Cheney book renews post-9/11 US policy fights
China Daily
By Caren Bohan (China Daily) WASHINGTON – Former US vice-president Dick Cheney’s new memoir revives the fierce battles over US national security policies after the Sept 11, 2001 attacks as it rips open old wounds among aides to then president George W.
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Sentencing Of Tibetan Monks
Voice of America
“It is unclear whether [Drongdru] was accorded the procedural rights to which he is entitled under China’s Constitution and laws.” — US Department of State “We are concerned by reports that a Chinese court has convicted and sentenced Drongdru,
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George W. Bush’s brother becomes unlikely hit in China with new blog
Telegraph.co.uk
The brother of former US President George W. Bush has opened an account with the most popular microblogging service in China, where his musings on his daughter’s wedding have attracted tens of thousands of followers. Neil Bush, who runs an oil company
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Buchanan Says U.S. Job Weakness Boosts Risk of Slowdown
Washington Post
2 (Bloomberg) — Michael Buchanan, an economist at Goldman Sachs Group Inc. in Hong Kong, talks about the outlook for the US, China and euro-region economies. Buchanan also discusses Federal Reserve monetary policy. He speaks with Susan Li,
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YU BIAO CHEN v. U.S. ATTORNEY GENERAL
Leagle.com
Yu Biao Chen, a native and citizen of China, petitions for review of the Board of Immigration Appeals’ (BIA’s) decision affirming the immigration judge’s (IJ’s) final order of removal and denying his claims for asylum, withholding of removal,
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US economy stalls, adds no jobs in August
UPI.com
Simply, dollars sent aboard to purchase oil and consumer goods from China, that don’t return to purchase US exports, are lost purchasing power. Consequently, the US economy is expanding at less than 1 percent a year instead of the 5 percent pace that
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Colorado Rep. Mike Coffman wants Peace Corps out of China
Denver Post
Coffman is gathering congressional signatures to send a letter to President Barack Obama demanding that the government immediately suspend the Peace Corps program in China. In the letter, Coffman said the US government is short of money to fund its
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Roemer unveils job plan
Shreveport Times
He said unfair trade practices have exported US jobs overseas to places like China. “Almost everything you buy has a label that says ‘Made in China,'” he said. “That Chinese label is a sad symbol of America’s decline.” President Barack Obama has made
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China censors Ai Weiwei’s Newsweek essay
AFP
In the essay Ai, 54, whose artworks have been displayed around the world, said his ordeal in police custody made him realise he was only a number in an anonymous system where “they deny us basic rights”. “The worst thing about Beijing is that you can
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The hotspot for West Coast timber: China
OPB News
China’s appetite for US logs and lumber continues this year, as illustrated by the latest report on exports from the West Coast. The US Forest Service reported today that the West Coast exported 79 percent more logs and 83 percent more lumber in the
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Worldwide Energy & Manufacturing USA, Inc. Provides Update on Expansion of
MarketWatch (press release)
The subsidiary’s R&D team has filed several patent applications in China to improve and expand its product portfolio. “I am pleased to announce the pending completion of the expansion of our Nantong facility, which is the first US-based renewable
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Emerging Markets Bonds ‘Walking Tightrope;’ Barclays Favors China
Barron’s (blog)
In Latin America as a whole, much of the moves made by central bankers are expected to be keyed off policy decision by the US Federal Reserve. The analysts are more bullish on China. While they says that concern over the central bank’s decision to hike
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Lockheed Stealth Jet May Win Japan Deal
Bloomberg
Japan will accept bids this month to supply about 40 fighters as it bolsters air defenses to counter military developments in China and North Korea. The contest comes as Lockheed sheds jobs because of projected cuts in US defense spending,
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Government Spending for Jobs
Examiner.com
Still, one cannot argue with the overall results. China is on the rise and the US is in decline. How to respond? Our political parties disagree profoundly as to how the US economy works, the problem to be solved, and the solution to be applied.
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Sen. Schmitt Says “Aerotropolis” A Big Winner
South County Times
We have a location and transportation assets that can put us on the map again and improve our economy.” A local China expert who will be closely following statehouse debate on Aerotropolis is former Gov. Bob Holden, chairman of Midwest-US China
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