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U.S. China News 2011.09.05

Mon, September 5, 2011

China loses WTO appeal against US tire tariffs
“The Obama Administration will continue to fight for US jobs and businesses. We will use our trade laws to stand up for our workers and address harm to them.” China said it regretted the decision and urged the United States to scrap the tariff to
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China’s Stocks Fall as U.S. Jobs Data Boost Concern Global Growth Stalling
Green speaks with Susan Li on Bloomberg Television’s “First Up.” (Source: Bloomberg) China’s stocks fell to the lowest level in almost 14 months as a drop in a Chinese services index to a record low and a report showing no US jobs growth last month
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Pennetta upsets China’s Peng to reach US
Flavia Pennetta overcame a 0-5 deficit in the tiebreaker of second second to beat 13th-seeded Chinese Peng Shuai, reaching the last eight of US Open on Sunday. The 29-year-old Italian played a couple of her best career matches at Flushing Meadow,
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Oil prices drop on weak US, China economic data
Channel News Asia
LONDON: Crude oil prices slid on Monday, hit by weak economic data in the United States and China, the world’s two biggest consumers of energy, analysts said. New York’s main contract, light sweet crude for delivery in October, shed $2.41 to $84.04 a
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North Korea’s Kim does not trust China: US cable
SEOUL — North Korean leader Kim Jong-Il expressed distrust of his country’s major economic prop China during a 2009 meeting with a visiting South Korean businesswoman, according to a US diplomatic cable. The cable released by anti-secrecy website
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US oil giant tried to cover up spill: China paper
BEIJING — One of China’s most influential newspapers on Monday accused the US oil giant behind a huge spill off the country’s east coast of trying to cover up the disaster. The strongly-worded article in the People’s Daily — the mouthpiece of the
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METALS-Copper slides on weak US, China data
Reuters Africa
Copper down 0.7 pct on LME, 1.1 pct on ShFE * US nonfarm payrolls unchanged in August * HSBC China services PMI slips to 50.6 in August, all-time low * Brazil’s economy slows in Q2 (Updates prices, adds quotes and details) By Carrie Ho SHANGHAI,
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Leaked cable shows US sought China refuge for Pol Pot
Monsters and
Phnom Penh – A US State Department cable published by WikiLeaks showed that in 1989 Washington wanted China to take in a number of ‘unacceptable’ senior Khmer Rouge leaders, including Pol Pot, as part of efforts to end the conflict in Cambodia.
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Gold Reaches $1900 Again – Supported by Risk of US Recession, German Euro Risk
Business Insider
In late 2010, a Chinese Chamber of International Commerce researcher said that China should “eventually boost its gold reserves to a level equal to that held by the United States“. Given the recent diplomatic tension between the US and China (Tibet,
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AP-GfK Poll: Japanese support for US bases grows
The Associated Press
TOKYO (AP) — Japanese have become more welcoming to the US military presence in their country over the past six years as fears spread that neighboring China and North Korea are threats to peace, an Associated Press-GfK poll has found.
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Did China want to arm Qaddafi?
CBS News
That is why China was arming Zimbabwe’s president Robert Mugabe at a time that all other countries had banned weapons sales to him. China is a major US geopolitical antagonistic state -despite the major commercial ties with the US– and it will arm and
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Asian Markets Tumble on Weak US Jobs Data
New York Times
Exporters like Sony, Panasonic and Sharp, which derive a large part of their earnings from sales in the United States and Europe, fell more than 3 percent. The latest bout of turmoil prompted the financial regulatory agencies of China, Japan and South
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After China, PNoy to visit US and Japan this month
After his recent five-day state visit to China, President Benigno Aquino III is set to go on an official visit to the US and Japan later this month. At a press briefing Monday after administering the oath of office of 31 newly appointed government
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US harms self, others with trade protectionism
People’s Daily Online
He Maochun also believes that this action made by the United States may lead to redistribution of market shares in the global iron and steel market and negatively affect the ChinaUS bilateral trade relationship. Currently, the cases have not been
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Solar Offers Opportunity Despite Setbacks
By Marlene Y. Satter The news on Wednesday that solar power company Solyndra declared bankruptcy might seem to the casual eye to be one more nail in the coffin of the US solar power industry. Europe and China might be ahead of the United States in
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…while in China, Europe beats US in race for assets
Financial News
More than two years after Coca-Cola’s audacious $2.5bn bid to control Huiyuan Juice Group was blocked by the Chinese government, western companies are taking a less aggressive approach to deal-making in China – and European companies are reaping more
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Asia’s Great Naval Rivalry
Wall Street Journal
It has protested India’s joint naval exercises with the United States, Japan, Vietnam and Singapore in the East China and South China Seas. Beijing believes all this has been encouraged by Japan and the US to contain China.
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ChinaUS Economies: The White House Chef Speaks
China Briefing
I was tempted to head this article “ChinaUS Relations – American Chef Reactions” but decided to leave that to the domain of those peddling startling headlines who think the mass China web view is important. The chef I am referring to is Walter Scheib,
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Don’t blame rivals for US decline
The Australian
The US is making strategic attempts to build a new Sino-US relationship and new international orders; however, as shown through G2 (the ChinaUS Group of Two), China is still lukewarm on the idea. In reality, there is a serious asymmetry of mindset
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Local women take trip to China to teach
Daily Herald
Thayer, who moved to the area from Alaska, had gone to China three years previously and encouraged the others to apply to participate in the China Travel and Teaching Program. “Out of the 85 applicants, the three of us were chosen for the 10 slots
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China Leads the Way in H1 Wind Energy Development, India Catching Up
Over the past six months, China and India – together with the United States, Germany, and Spain – contributed to the lion’s share of the global wind capacity. China’s rapid wind power growth has been met with apprehension among European turbine makers,
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INDUSTRY: Manufacturing could come back to the US
Toymaker Wham-O announced in early 2010 it would move production of its iconic Frisbee and Hula-Hoop lines to the United States from China and Mexico. In 2009, NCR Corp. began making automated teller machines at a Georgia factory that employs some 800
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China Red Cross Donates US$30000 For Flood Victims
VIENTIANE, Laos, Sept 5 (Bernama) — The Red Cross Society of China has presented relief aid package worth 240 million kip (approx. US$30000) to Lao Red Cross to help flood victims in northern and central provinces, reports Lao news agency KPL.
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US 401(K) plan fires up investors
People’s Daily Online
Chinese stock investors are abuzz with talk about the “401(K) project” that could bring US-style retirement savings accounts to China and boost the sagging fortunes of the stock market. Shang Fulin, president of the China Securities Regulatory
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What really happened at the USChina exhibition basketball game in Beijing?
Stars and Stripes
But the game with the PLA-sponsored team was “tense” from the start, according to Cha, who followed the US team during its games in Shanghai and Beijing this summer. Read more on Cha’s take of the fight that broke out on the court during the USChina
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Wiffle Ball: Born And Still Made In The USA
So why isn’t this being done, cheaper, in China? David Mullany says he’s not interested in that. The Wiffle Ball headquarters in Shelton, Conn. Every Wiffle Ball is made in the US The Wiffle Ball headquarters in Shelton, Conn. Every Wiffle Ball is made
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Central Valley rice farmers hoping to crack China trade market
By HEATHER HACKING – Staff Writer Before moving ahead with government officials to enter markets in China, US Rice Producers conducted taste tests with shoppers in China. The results were overwhelming that Chinese households are interested in adding
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Hard lesson in smart power
China Daily
By Joseph S. Nye (China Daily) Al-Qaida’s attack on the United States 10 years ago came as a profound shock to the US and the world. What lessons can we learn a decade later? Anyone who flies to the US or tries to visit a Washington office building
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Stock, Oil Prices Fall As Investors Worry About Growth
Voice of America (blog)
Stock markets declined sharply in Europe and Asia on Monday following disappointing economic reports in the United States and China, the world’s two largest economies. Several European stock indexes fell more than three percent, and the DAX in Germany
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Jerry Large Labor Day: workers are crucial
The Seattle Times
I hope they’re celebrating Labor Day in China. Actually they might want to send us a nice card thanking American businesses and consumers for helping to keep the unemployment rate there at less than half what it is here. actually TS911,
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China’s Making Everything in the US From Bridges to Civil Rights Memorials
The Chinese invasion tells us the true problem is that America is no longer willing or able to invest in its own future. Many economic Nostradamuses have long predicted that the epitaph on America’s tombstone will ultimately read, “Made In China.
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J-1 student work-travel program cheats American workers, exploits students
The Star-Ledger – (blog)
The J-1 student work-travel program was created in 1961 to offer work opportunities and cultural enrichment for foreign students, and in the process, create goodwill ambassadors for the United States. Today, students from Poland, China, Russia,
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U.S. Commodities Day Ahead: Copper Declines on Slowing Economies
San Francisco Chronicle
Rubber declined to the lowest level in more than a week on concern that demand for the commodity may slow amid signs growth is moderating in the US and China, the world’s largest economies. White sugar futures fell in London for the fifth consecutive
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Paratriathlete takes faith, drive to race in China
Montgomery Advertiser
Hicks, 40, of Pike Road boards a plane to China today to meet with 18 other paratriathletes from the United States at the 2011 Team Triathlon World Championships. They will join 260 able-bodied American athletes for this weekend’s championship race.
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TABLE-Qualified firms for next Iraq licenses
United States CNOOC China CNPC China Edison Italy Egyptian General Petroleum Egypt Corp. Eni Iraq Italy ExxonMobil United States Gazprom Russia INA-Industrja Nafte Croatia Inpex Corp. Japan ITOCHU Corp. Japan Japex Japan JOGMEC Japan JX Nippon Oil and
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The New Rules: US Must Not Close the Door on Nuclear Energy
World Politics Review
But of course, with its hyperpartisan — and thus paralyzed — political scene, the US will have trouble placing Fukushima in any sort of realistic perspective. After all, we’re trying to defend a shrinking middle class, while both China and India are
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Arms makers eye exports to offset Pentagon cuts
Company executives, Pentagon officials and analysts will discuss projected cuts in US military spending that nearly doubled in the decade after the September 11, 2001, attacks. Notwithstanding the possible harm to USChina ties, nearly half of the 100
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Japan FM: China should play fair under world rules
Sacramento Bee
Japan should develop business-centered relations with China, while maintaining its security alliance with the US as the “cornerstone” of its diplomacy, he said. Genba said Japan should seek to export technology in areas such as high-speed trains,
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The big squeeze on labor
Of course, there are scores of economists who will point out that trade with China results in lower prices for manufactured goods, and that overall, both China and the US register net economic gains from increased trade. But the data on rising income
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Yuan Declines for Third Day on Global Growth Slowdown Concern
By Fion Li – Mon Sep 05 09:10:11 GMT 2011 China’s yuan fell for the third day as fresh signs the global economic recovery is losing traction dimmed the outlook for exports and curbed demand for emerging- market assets. Jobs growth in the US
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Emerging-Market Stocks Fall to One-Week Low on U.S. Job Data
San Francisco Chronicle
Shenzhen Development Bank Co. retreated 2.5 percent, pacing declines among Chinese lenders, after the China Securities Journal said new reserve requirements for 14 listed banks may increase by about 700 billion yuan ($109.6 billion) over the next six
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