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U.S. China News 2011.09.13

Mon, September 12, 2011

US lawmaker: China ‘drunk’ with economic might
AFP
WASHINGTON — China seeks to match US military might, hacks US government computers “daily,” and is “drunk with economic power,” a key US lawmaker warned Monday as he warned against new cuts at the Pentagon. “The fact is, China keeps our admirals up at
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Amb. Rice: US has no evidence China sold weapons to Gadhafi’s forces
The Hill
By John T. Bennett – 09/12/11 10:24 AM ET The US has yet to uncover any evidence showing China sold arms to embattled Libyan leader Moammar Gadhafi or his loyalist forces, a senior Obama administration official said Monday.
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First ever ChineseAmerican ambassador to China
Public Radio International PRI
Gary Locke is the first ChineseAmerican to serve as ambassador to China, and some Chinese are hopeful he can bridge cultures. Story from PRI’s The World. Listen to audio for full report. Former US Commerce Secretary Gary Locke has been creating a buzz
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US brands open 2nd phase in China expansion
USA Today
They’re doing so as China’s largest cities become saturated with American names and foreign competitors. In recent years, the Chinese government has also built more roads, bridges and other infrastructure in inland areas, increasing their appeal to
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How China dominates solar power
The Guardian
While a variety of technological and market-based factors contributed to the demise of these companies, the Chinese competition — driven by cheap, easy debt — played a central role. Remarkably, even with all the pressure from China, the US is a net
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ReportsnReports – China Wind Turbine Casting Industry (2011), US Convenience
MarketWatch (press release)
This report covers Wind Turbine Casting Industry Overview, Manufacturing Technology and Process, Production Supply Sales Demand Market Status and Forecast, Key Manufacturers, China Wind Turbine Casting Upstream suppliers of raw materials and equipment
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Tsai embarks on US trip
Taipei Times
King, who is on a six-city tour of the US, told the TV channel that Ma did not rule out a visit to China if he were re-elected in January. Ma would make the visit in his role as Chinese Nationalist Party (KMT) chairperson, King said.
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Wikileaks details U.S. help for Big 3
The Detroit News
Secret diplomatic cables reveal the US government’s deep involvement in a spate of American automotive issues, including China’s derailment of Hummer, Germany’s anger over the scrapped sale of General Motors’ Opel unit, and concern that massive Toyota
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US OPENING NEWS INCLUDING: China’s implied oil demand in August slipped to the
Proactive Investors UK
China’s implied oil demand in August slipped to the lowest rate this year as plant maintenances and accidents cut into refinery production, but on a year-on-year basis still expanded by 7.8%. • OPEC cuts 2011 global oil demand growth forecast by 150000
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Why China’s rich want to immigrate to America
Forbes
They are China’s rich. But they want to immigrate to America, a country with an economy barely growing. According to an Associate Press article, moving overseas is on the top of China’s wealthy wish list—with the US being the most desirable
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China and U.S. Resources
The Ledger
I have just learned that a major oil and gas drilling company has sold a major portion of their leases to the Chinese. The company, Chesapeake Energy, has no doubt made hundreds of millions of dollars for its shareholders, that’s our system.
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China hands over US$ 50000 cheque to NDMA for flood affectees
PakistanToday.com.pk
ISLAMABAD – To assist Pakistan in relieving flood affectees, the Ambassador China to Pakistan Liu Jieng presented a cheque of US$ 50000 to the Chairman National Disaster Management Authority (NDMA), Dr. Zafar Qadir. The Chinese ambassador also promised
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The Rising East: China’s PLA Risks War by Miscalculation
Honolulu Civil Beat
It is not that China’s military leaders have openly defied the CPC but rather they ignore the guidance of party and government leaders. “The PLA has become a force unto itself,” said an experienced US China-watcher. “It is unaccountable to China’s
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FriendFinder to buy social commerce website
Reuters
Founded by American entrepreneurs, JigoCity operates in Australia, Brazil, China, Hong Kong, Singapore and Taiwan and plans to expand into two to four additional countries by year-end. JigoCity had revenue of about $600000 in July and about $1.1
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China, Sarawak trade hit US$2 bln last year
The Borneo Post
SIBU: Trade between China and Sarawak came up to two billion US dollars last year. In disclosing this, Consul-General of the People’s Republic of China based in Kuching, Li Shugang, wanted the business community in Malaysia and China to widen their
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River wave surfing in China
ITN NEWS
Visitors gather to watch the most spectacular bore in almost a decade on the Qiantang river in eastern China. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn.
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China as an innovation nation
CNN International (blog)
With regard to the specifics of innovation, China now graduates more engineers and scientists than the US China accounts for 12% of the world’s global research and development spending, making it the second largest in the world.
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Three litmus tests for Chinese listings in the US Expert
Moneycontrol.com
Rosenkranz says investors should avoid reverse mergers that use US shell companies to list, noting that of the 200 Chinese companies that have gone public in the US over the last four years, 75% had gone in via reverse listings.
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Top IPO Nations
San Francisco Chronicle
There is some correlation between IPO activity and GDP as the US and China are the world’s two largest economies. However, the emerging markets had six of the top 10 IPOs during the second quarter of 2011. As a percentage of GDP, the real growth in
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Hanwha Solar of China Makes One of the Biggest Corporate Gifts to the U.S.
MarketWatch (press release)
LOS ANGELES, Sep 12, 2011 (BUSINESS WIRE) — The Southern California Institute of Architecture (SCI-Arc) announced today that China-based Hanwha SolarOne Co., Ltd. (Hanwha Solar) made a $350000 cash gift to the SCI-Arc/Caltech entry to the US
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Taiwan lawmaker expects disappointment on F-16s
Sacramento Bee
with communist China, signing a historic trade pact last year. His political opponents charge he has moved too fast and subordinated the self-governing island’s interests to those of Beijing. By supplying the planes, the US would anger Beijing.
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Chinese investors and US hotels: A rising tide of opportunity.
4Hoteliers
Interest among Chinese investors in US hotels has grown substantially over the past two years for reasons economic, social, and political in nature. How is this trend coinciding with the US lodging industry’s recovery from the downturn?
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McCotter focused on voicing a strategy for turning the economy around
Foster’s Daily Democrat
The guitar playing, Detroit-born Republican, who in his campaign for president has railed against the Wall Street bailouts and advocates for the US to “deal with communist China the way they deal with us,” says he cannot be pigeon-holed.
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China Bilingual Announces Acquisition of Shanxi Rising School
MarketWatch (press release)
We remain dedicated to becoming an education leader in China and increasing long-term value for our shareholders.” Dr. Ren continued, “The terms of our financing are favorable to our overall growth strategy and allow us to focus on building enrollment
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LEADERSHIP: China Battles The Source Of Its Many Defeats
Strategy Page
The government tries to play up how modern and efficient the military is, but most Chinese know better, and don’t really care. China is winning victories on the economic front, and that what really counts to the average Chinese. Meanwhile, US military
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Don’t Listen to Romney: America Is Safer Than Ever
The Atlantic
Fellow GOP hopeful Herman Cain sees “real and present danger” from the “many regimes” that “seek to destroy us” and Congresswoman Michele Bachmann warns of the “rise of powerful competitors including China and Russia.” Even President Obama justified
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Religious-political unity just hasn’t got a prayer
Port Huron Times Herald
He’s talking about how China is passing us right on by. Our schools are bad. Our roads are bad. Our work situation is bad. Our economy is bad. He’s been preaching this for four years. What he really needs to get out there is like Ronald Reagan.
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The back door to Doomsday
DoD Buzz
If the US reduces the size and reach of its military and succumbs to the crypto-isolationism now on the rise, it’ll create a power vacuum around the world, he said. China is waiting for the US to withdraw its global reach, McKeon warned, especially in
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Wynn gets first approval for new Macau casino
Reuters
The $16 billion dollar gaming company announced the initial agreement for its Cotai property ahead of Macau rivals MGM China Holdings Ltd (2282.HK), owned by US gaming giant MGM Resorts International (MGM.N), and SJM Holdings Ltd (0880.
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Spaulding Clinical Research forms strategic partnership
Milwaukee Small Business Times
based Frontage Laboratories Inc., a global full-service Clinical Research Organization with facilities in the United States and China. As part of the relationship, Spaulding Clinical will perform all intense electrocardiographic studies in its facility
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WASDE Report for 9/12/11
Inside Futures
Global rice production is projected at a record 458.4 million tons, up 2.1 million tons from last month, primarily due to larger expected crops in Brazil, China, the Philippines, and the United States. China’s 2011/12 rice crop is increased 1.0 million
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Robust China powers on as demand strengthens
Sydney Morning Herald
Photo: AFP CHINA’S record imports and a rebound in lending signalled strength in demand that offers a bright spot in a global economy contending with Europe’s debt crisis and weakening US job gains. Shipments from abroad jumped 30 per cent and new
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Branstad announces trade trip to 3 nations in Asia
Chicago Tribune
He said the trip will mark his 14th visit to Japan, his third to China and fourth to South Korea. “Trade and investment missions will help us grow the Iowa economy, particularly in the Asian culture where those relationships, personal relationships,
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German Auto Show Focuses on Economic Outlook
Wall Street Journal
Booming emerging market demand—above all in China—and fledgling recoveries in the US and Europe have returned many global auto makers to solid profits. At the top of the fortunate list: Germany’s BMW AG, Daimler AG’s Mercedes, Volkswagen AG’s Audi
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China trade surplus shrinks sharply
MarketWatch
China’s trade surplus totaled $17.8 billion in August, according to customs data released Saturday, narrowing from $31.5 billion in July. Global food prices remained near record highs last month, with concern growing that a disappointing US corn
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China: Going for a Knockout on Manufacturing
Investorplace.com
Well, it looks like China has been even more aggressive with its alternative energy investments. The result has been a substantial drop in solar cell prices. Besides Solyndra, two other major US solar firms have imploded during the past month,
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Leader of Cisco counterfeit ring jailed for 60 months
Register
By Paul Kunert • Get more from this author The US ringleader of a China-based counterfeit ring that flogged fake Cisco kit stateside has been sent down for 60 months, the Department of Justice (DoJ) has confirmed. One-time Chinese national Chun-Yu Zhao
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Martin Luther King Jr. would weep: Contempt for American labor on his memorial
Philadelphia Inquirer
But the opening of the monument bearing his image was marred with controversy as American labor was rejected for the project’s construction. The commission headed by King’s son opted to outsource the labor to a sculptor from China’s Hunan Province
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Slimmer pickings for Sam Stosur on home turf
The Australian
US OPEN champion Samantha Stosur will pay a high price for being an Australian. The local market is unlikely to offer her the millions that would flow if she were from the US, Europe or China. However, sports management and marketing experts say her US
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After 9/11, sympathy, and a question
China.org.cn
Such cooperation is conducive both to China and world peace. Tensions still exist, however. The US still sells weapons to Taiwan and never stops playing the “Dalai Lama card.” Accordingly, China has remained vigilant in the past 10 years of
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