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U.S. China News 2011.09.14

Wed, September 14, 2011

China, U.S. raise alarm over euro debt crisis
Reuters
China and the United States both voiced concern that euro zone governments may be losing control of the debt crisis. Chinese Premier Wen Jiabao said Beijing was willing to help its biggest trading partner, but added that Europe must stop the crisis
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Taiwan, US can jointly explore China market: Ma
AFP
The triangular relationship between China, the United States and Taiwan was strained under the island’s former president Chen Shui-bian, who often irked Washington and Beijing with policies pushing for formal independence. Ties have improved markedly
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Ulterior motives seen behind China’s offer of help to US, Europe
Deutsche Welle
As both Europe and the United States continue to struggle to find solutions to the escalating debt crisis, China has positioned itself as a potential savior. But will Beijing’s reward for help be a price worth paying? China’s offer to help the US and
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U.S. Stock Futures Drop as China Signals Reluctance on Bailouts
Bloomberg
Stocks rallied on optimism that China may support Europe. China is willing to buy the bonds of nations hit by the debt crisis, Caijing reported on its website today, citing Zhang Xiaoqiang, a vice chairman of the National Development and Reform
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China & US raise alarm over euro debt crisis
Economic Times
BEIJING/BERLIN: China and the United States urged Europe’s leaders to prevent the euro area debt mess from spreading, underlining the international alarm over a crisis now threatening Italy, the zone’s third-biggest economy.
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Trajectories of China, US diverged after 9/11
People’s Daily Online
By George Koo (People’s Daily Online) Before September 11, 2001, China looked at the US with a bit of awe, envy, admiration and even affection that was rooted from the days of being comrade-in-arms against the Japanese Imperial Army.
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Americans say Asia more important than EU: survey
Reuters
BRUSSELS (Reuters) – Americans are turning away from Europe toward Asia, according to a survey released on Wednesday showing, for the first time, most US citizens thought China and Japan were more important to their national interest.
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US Court Fight May Not Solve Chinese Accounting Mess
Insurance Journal
By Dena Aubin | September 14, 2011 US regulators appear to be on strong footing in a legal battle over a Chinese auditor’s work papers, though their ability to act may have limits and a victory in court may not resolve a widening international
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The Yanks Are Welcome in Oz
Wall Street Journal
On its 60th anniversary, the US-Australia security alliance faces new threats—especially from China. By ANDREW SHEARER This week, senior Australian and American national security officials meet to mark the 60th anniversary of their security alliance,
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Alarming Poverty Rate: Is US Becoming a Third World Country?
International Business Times
One critical aspect to be noted here is the rising economic power of China. Take the case of the communications and technology products China exports. The US is no longer the top exporter is this sector. China has clearly overtaken the US In addition,
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Inside the News: China & US raise stakes over debt crisis
Reuters Video
Sept. 14 – Global pressure mounts on the euro zone to resolve its crisis after Moody’s downgrades French bank ratings and as BRIC nations consider buying the region’s bonds.
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Can China save Europe?
CNNMoney
It would also give emerging markets a way to spice up some of their foreign debt holdings and move away from the low-yielding United States. China, in particular, has voiced some displeasure about how the uncertain economic environment in the US has
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China to buy Italian debt and sell US debt when confidence returns
FXstreet.com
Will be difficult to sustain high growth rates but confident China can maintain rapid growth rates; Aware of risks to domestic economy. Hopes that the US will implement policies that will ensure the interests of its investors. – China PBoC advisor Li
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China’s decline – a US challenge
Asia Times Online
Only the Chinese leadership and people can ultimately make the crucial choices. The United States and the West need to walk softly to avoid being tagged as the cause of China’s economic misery. Despite the easy analogies, China’s CPC regime will not
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Paper King or Tiger of the Hill?
CNN (blog)
China’s lifeline is trade with the US and Europe, cut one off and China falls. The economic weapon is far more deadly and less destructive than the physical ones. US/China war would also erase America’s “debt” with China if you believe that it actually
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Taiwan crash sparks calls for US jets sale
AFP
Taipei applied in 2007 to buy 66 F-16 C/D fighters, which have better radars and more powerful weapon systems than the F-16 A/Bs, in response to China’s growing military muscle. “We hope the United States will sell the F-16 C/Ds as soon as possible,”
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US stock market rebounds today as China may solve Europe debt crisis
Northern Voices Online
US stock market was on way up today as it became increasingly clear that China may solve Europe’s debt crisis. Dow Jones Industrial Average, S&P 500 Index and Nasdaq, all were going up US stock market was set for rebound as there were reasons to
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China Can Save the World Only So Many Times
NewsMax.com
There were a few of us who were banking on China pulling the world out of the rut. And the loudest skeptics denied this possibility, claiming China and its economy’s size were too small to pull off this feat. For a few weeks, I was wondering if this
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TSX: markets making modest gains at midday, Wednesday
Vancouver Sun
By Kim Covert, Financial Post September 14, 2011 10:04 AM North American stock indexes were posting modest gains at midday Wednesday, as investors seemed to take heart from the prospect that China could ease the sovereign debt crisis in Europe.
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Huntsman scores big corporate backers for 2012
Reuters
Former US ambassador to China Jon Huntsman speaks during the CNN/Tea Party Republican presidential candidates debate in Tampa, Florida September 12, 2011. WASHINGTON (Reuters) – Republican presidential hopeful Jon Huntsman, struggling to gain traction
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Wen urges fiscal, financial stability in US
Xinhua
“We hope the US will carry out appropriate economic policies and maintain fiscal and financial stability to protect the interests and confidence of investors,” Wen said at the opening of the World Economic Forum’s annual meeting in China’s northeastern
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Charm Communications Inc. Announces US$10 Million Share Repurchase Program
Sacramento Bee
14, 2011 — /PRNewswire-Asia-FirstCall/ — Charm Communications Inc. (NASDAQ: CHRM) (“Charm” or the “Company”), a leading advertising agency in China, today announced that its board of directors has approved a share repurchase program of up to US$10
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China urges US to avoid harming trade, not to pursue protectionism
China Daily
“It is in our common interests to maintain the sound and stable development of ChinaUS trade relations. We urge some US senators to realize the importance and reciprocal essence of the relations and not to make excuses for protectionism and avoid
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In US, Tsai to focus on mutual interests
China Post
On her current visit to the US, Democratic Progressive Party (DPP) presidential candidate Tsai Ing-wen voiced her plans to discuss cross-strait relations with US officials based on shared interests and regional strategies towards China.
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Johnson Controls to invest $100M to build plant
Chicago Tribune
As a result, it’s investing $520 million worldwide over the next four years in additional production capacity for the batteries including $280 million in Germany, $140 million in the United States and $100 million in China. Johnson Controls’ plants in
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Metals: China demand to offset weakness in US, Europe
Economic Times
Though concerns over economic growth in the US and Europe have negatively impacted the base metal prices as a whole over the past three months, demand from China is expected to keep prices afloat. This is positive for non-ferrous producers,
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US Company Risk Index Falls for Second Day From Two-Year High
BusinessWeek
14 (Bloomberg) — A gauge of US corporate credit risk declined for a second day from a two-year high on speculation China may offer support for Europe’s most-indebted nations. The Markit CDX North America Investment Grade Index, which investors use to
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21Vianet Announces US$30 Million Share Repurchase Program
MarketWatch (press release)
the largest carrier-neutral Internet data center services provider in China (“21Vianet” or the “Company”), today announced that its board of directors has authorized a share repurchase program of up to US$30 million of its outstanding American
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Crude Oil, Gold Look to US Retail Sales Report for Direction
NASDAQ
but confidence roared back after vice chairman of the National Development and Reform Commission Zhang Xiaoqiang was quoted as saying China would still buy bonds from the so-called PIIGS nations. Looking ahead, all eyes are on the US Retail Sales
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Yuan Only BRIC Winner on Resilience to Debt Crisis: China Credit
BusinessWeek
Sales of dim sum debt have tripled in 2011 and new loans in China rallied in August, after sliding in July. Chinese markets have shown resilience as global equities tumbled 13 percent since Aug. 1 on concern the declining US economy and European debt
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Geithner urges EU to do more to solve crisis
Reuters
US treasury secretary Timothy Geithner listens to questions at a media briefing with the USChina Business Council in Washington May 3, 2011. WASHINGTON (Reuters) – Treasury Secretary Timothy Geithner on Wednesday urged European leaders to act more
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Huntsman criticizes GOP field for ‘scary’ rhetoric
msnbc.com
“We don’t want a trade war during a recession,” Huntsman said about Romney’s China position to call the country a current manipulator. “Rhetoric doesn’t work. The USChina relationship has never been based on rhetoric. That may work when you’re trying
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US Stocks Decline on Concern Over Europe Bailout Fund, Economy
BusinessWeek
The benchmark gauge for American equities rose as much as 0.6 percent earlier on speculation Germany and France will confirm support for Greece and China may aid indebted European countries. The Dow Jones Industrial Average dropped 60.51 points,
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China Record Auto Exports Seen on Entry-Level Demand: Cars
BusinessWeek
Great Wall, China’s biggest maker of sport-utility vehicles, introduced a diesel Hover H6 in Italy last month. It plans to sell vehicles in North America by 2015, Vice President Huang Yong said in an interview. BYD, part-owned by Buffett’s Berkshire
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U.S. audit watchdog gains access to Norway
Reuters
Recently the PCAOB has been pushing for joint inspections in China amid a rash of accounting scandals at companies based there that sell shares on US exchanges. PCAOB and Securities and Exchange Commission regulators met with their Chinese counterparts
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East meets East in economic relationships
Al-Bawaba
Yet, while the US supposedly works to break its ‘dependence on Middle East oil,’ China is surpassing it in oil imports from the region with around 50 percent of its imported oil coming mainly from Saudi Arabia and Iran. Moreover, China has also
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Blackstone senior Asia exec Jenkins leaving: sources
Reuters
Blackstone had opened its first office in Asia in Mumbai in 2006, at the height of the global credit boom, which drew US private equity firms into the region in a hunt for assets. China is the primary focus for global firms investing in Asia.
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Educating America on Asia
The Diplomat
This is a huge strategic risk for policymakers given that the ‘US won’t be able to acculturate China into the existing rules’ without them. Ultimately, this ties the public knowledge-gap on Asia-Pacific issues to the broader American debate over the
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US Designates Eight Nations As “Countries Of Particular Concern”
RTT News
(RTTNews) – The United States has designated eight nations – Burma, China, Eritrea, Iran, North Korea, Saudi Arabia, Sudan, and Uzbekistan — as “Countries of Particular Concern,” whose governments have “engaged in or tolerated particularly severe
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New Global Killers: Heart, Lung Disease and Cancer
Fox News
Yet in China, where only 6 percent of the population is obese, nearly 4 in 10 people have high blood pressure. China also has three times the death rate from respiratory diseases as the United States. Many areas also have high rates of infection with
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Yum! Brands (YUM) Given “Hold” Rating by Deutsche Bank (DB) Analysts
LocalizedUSA
In addition, the Company owns non-controlling interests in entities in China who operate similar to franchisees of KFC and a non-controlling interest in Little Sheep, a Hot Pot concept. YUM operates in six segments: KFC-US, Pizza Hut-US, Taco Bell-US,
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Meredith Whitney More Bullish On U.S.
San Francisco Chronicle
Meredith Whitney said that she is more bullish on US then other markets, for the fact that the US has “ermrging markets” within it, namely the agricultural states. She said the fact that China is going from a net food exporter to importer helps the US
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