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U.S. China News 2011.10.20

Thu, October 20, 2011

US Solar Panel Makers Say China Violated Trade Rules
New York Times
China accounts for three-fifths of the world’s solar panel production. By KEITH BRADSHER Seven American makers of solar panels filed a broad trade case in Washington against the Chinese solar industry on Wednesday, accusing it of using billions of
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US Urges China to Ease Tibet Policy After Nun’s Immolation
BusinessWeek
By James Rupert Oct. 20 (Bloomberg) — The US repeated a call for China to respect human rights and particularly “the rights of Tibetans” after a ninth young Tibetan set herself on fire in protest at Chinese rule. “We urge Chinese leaders to address
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The Circuit: USChina trade, Face recognition, Pepsi’s marketing tactics
Washington Post (blog)
By Hayley Tsukayama LEADING THE DAY: Ron Kirk, the US Trade Representative, is seeking more information from China on its censorship of American commercial Web sites. In a release Wednesday, Kirk said that he is seeking the information under World
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China, US see Guam as militarily central
Pacific Daily News
Guam would be central to American operations if the United States and China go to war because of miscalculations by either regarding Taiwan, developments on the Korean peninsula or access to the South China Sea, many defense and foreign analysts say.
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China resorts to biggest cut of US debt; sheds $36.5 bn
Economic Times
Tan Yaling, president of the China Forex Investment Research Institute, told the Chinese “Global Times” that part of China’s holdings of US government securities might have become due in August, but that did not mean US treasuries have lost their
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China Love of U.S. Cherries Fuels Cool-Cargo Boom: Freight
San Francisco Chronicle
AP Moeller-Maersk A/S and Neptune Orient Lines Ltd.’s APL unit have led a 46 percent jump in refrigerated-container shipments to China from the US this year, according to Piers data, as higher wages and quality concerns stoke demand for imported food.
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US and China Ramp up Clash over Cross Jurisdiction Audits
China Briefing
Attempts by US regulators to engage in a bilateral agreement with Chinese regulators over the correct procedures to handle investigations of wrongdoing and criminal activity by companies wearing hats in both China and the United States have thus far
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China Plans Subsidies to Tap Shale Gas Reserves Larger Than U.S.
San Francisco Chronicle
Oct. 20 (Bloomberg) — China, estimated to hold more natural gas trapped in shale than the US, will offer subsidies and auction new exploration blocks this year to encourage domestic companies to tap the resource. “The government places high emphasis
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China could own the moon by 2026, U.S. space entrepreneur warns
DigitalJournal.com
Las Cruces – A US space entrepreneur, Robert Bigelow, has sounded alarm that that China could own large portions of the moon by 2026, edging out the United States in the race for ownership of the moon. Robert Bigelow, according to Space.com,
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Exclusive: China to step up ASEAN yuan trade settlement
Reuters
China-ASEAN trade will not be settled in yuan overnight. Trade can still be conducted in US dollars. This is just the beginning,” said the first source. The agreement between China and its neighbors could also add momentum to China’s effort to promote
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US NSA to visit China and India, signaling shift from G-2 to G-3
Times of India
President Obama is sending his National Security Advisor Tom Donilon to China and India on a two-nation visit this week, indicating that his administration has moved past the G-2 idea involving only the United States and China to a G-3 formation that
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China not seeking to top US: Lee Kuan Yew
AFP
In his acceptance speech, Lee said that historically wars have broken out when a rising nation — such as China in the current era — emerges to challenge the supremacy of the incumbent power. “This is no longer possible when both China and the US have
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China a scapegoat for US illnesses
China Daily
By Paul Kong (China Daily) The US Senate passed the yuan bill last week on the pretext that Americans are upset over their trade deficit with China and that China is the cause of the high unemployment rate in the United States.
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China overtaking US by 2030 is an optical effect, not real
Economic Times
The retelling in fashion these days is Arvind Subramanian’s Eclipse: Living in the Shadow of China’s Economic Dominance. The title is apt, though: the prognosis of China overtaking the US by 2030 is an optical effect, not real, just as an eclipse of
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ChinaU.S. Trade: Protectionism At Work
Seeking Alpha
The Chinese authorities stick to “never change a winning team” and are unsure how to recalibrate their economy. On a side note, talk of free trade is off the point when speaking about China and the US. Free trade models assume no monetary frictions,
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Quantum CEO Urges U.S. to Counter China’s Rare Earth Strategy; Nebraska Site
MarketWatch (press release)
Mike Coffman (R-CO), he urged the US government as a whole to take comprehensive, strategic steps to develop and produce domestic sources of rare earths and to stockpile these key materials. “China has had a coordinated rare earth strategy for many
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Chinese Stocks in the US: China Southern, Melco Crown, Unicom
BusinessWeek
By Belinda Cao Oct. 19 (Bloomberg) — The Bloomberg ChinaUS 55 Index of the most-traded Chinese equities in the US declined 2 percent. The Shanghai Composite Index retreated 0.3 percent to 2377.51. The following companies were among the most active
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Chinese, US officials pledge closer sub-national co-op
China Daily
BEIJING – Chinese and US officials pledged Wednesday to strengthen their sub-national economic cooperation and remove some Chinese entrepreneurs’ apprehensions about investing the United States. “Provinces and states are the backbone forces that
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In its U.S. arms deal, Taipei didn’t get what it wants, but it got what it needs
Sacramento Bee
China firmly opposes any US effort to assist Taiwan militarily. Although Taiwan expressed gratitude for the decision, it had sought 66 new F-16s in the more advanced C/D models (it now has the A/B models). Taiwan’s friends in Congress and defense
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Sino-US ties take centrestage at China-S’pore forum
Channel News Asia
Professor Koh said: “The US cannot resolve its fiscal crisis without China’s help. China needs United States – not just the markets, but if you want to be accepted by the world, as a market economy, you need the imprimatur of the United States.
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Brazil cuts rates. Is China next?
CNNMoney
Some think China, as well as Russia and India, may follow suit to try and help the US and global economy. NEW YORK (CNNMoney) — Brazil is one of the world’s hottest economies. But even it is feeling a need to cut interest rates in response to a
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The United States Owes China So Much Debt Because China Is Keeping Down the
Business Insider
Then it would not print without comment a statement like: “‘The problem for the US is they owe China so much debt,’ he [Shi Yinhong, director of the Center on American Studies at Beijing’s Renmin University] said, referring to the Chinese government’s
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Chinese Solar Stocks In Mainland, HK Follow US Plunge
Forbes
In Hong Kong, shares in GCL-Poly Energy, a polysilicon maker controlled by Chinese billionaire Zhu Gongshan, dropped 6%. Zhu ranked no. 30 on the 2011 Forbes China Rich List with wealth of $2.3 billion. Overnight in the US, China-based makers Suntech
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EU, US crises taking toll on China’s GDP
People’s Daily Online
By Luo Lan (People’s Daily Overseas Edition) The sluggish European and US economies are not only hindering global economic recovery but also affecting China’s economic growth. Sheng Laiyun, a spokesperson for China’s National Bureau of Statistics,
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Chinese Students Lose as US Schools Exploit Need
Bloomberg
The number of Chinese students at US private high schools soared more than 100-fold to 6725 in 2010-11 from 65 in 2005- 06, according to the US Department of Homeland Security. China has displaced South Korea as the top source of international students
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US needs to focus more on economic issues with China
China Daily
CHICAGO – Considering its future relationship with China, the United States should concentrate more on economic rather than military issues, several US academics said Wednesday. For Washington, it would be more beneficial to study Beijing’s powerful
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New Vermiculite Suppliers Boost Availability, but Market Increasingly Reliant
MarketWatch (press release)
China, Greece, Turkey and the USA together accounted for 80% of world perlite output in 2009. S&B Industrial Minerals is the largest producing company, with operations in Europe and China; World Minerals in the USA and IPM Iperlit in Turkey are also
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USChina entrepreneurship conference to take place on UH campus
Ultimate East End
by Anthony Stoeckert | October 20, 2011 9:43 am The 3rd Annual Greater Houston Area Career Development and Entrepreneurship Forum 2011 USChina Culture Exchange Forum will take place on Sunday, Oct. 22. The event will begin at 1:30 pmat the Hilton
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5 Things I Learned in China
U.S. News & World Report (blog)
Chinese enrollment in US colleges is up more than 30 percent in the year ending 2010 from the previous year to nearly 128000 students, according to the latest figures from the Institute of International Education. China is now the No.
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China opposes US report on its internal affairs
China Daily
BEIJING – China on Wednesday voiced opposition to an annual report by the US Congressional-Executive Commission on China, saying it interfered in China’s internal affairs. “The so-called commission always watches China through colored lens,
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U.S. Stock Futures Rise, Euro Strengthens on Crisis Optimism
San Francisco Chronicle
The Shanghai Composite Index slumped 1.9 percent to a 31-month low on concern China may persist with policies to rein in lending. Risks stemming from private lending must be “strictly controlled,” China’s banking regulator said. China Southern Airlines
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Asia’s growth to slow, no China crash seen: Reuters poll
Chicago Tribune
“The scale of the impact has almost tripled over the past two decades,” he said, because China now imports far more than it used to from its Asian neighbors. “The impact of a China slowdown is still estimated to be less than that of a US slowdown or
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Corn, Soy Called Lower as Exports Sales Slow; Wheat Steady
Bloomberg
Aganga Says -Oil Drops a Second Day on Europe Outlook; Brent Premium Widens -EU Seeks Curbs on Commodity Derivatives, High-Frequency Trading –China’s Love of US Cherries Fuels Chilled-Cargo Surge -EU Forecasts Jump in Renewable Energy Consumption,
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Molycorp Spending Big to Compete With China
CNBC.com
Outside of China, only two companies are considered viable alternatives at present: US-based Molycorp On Thursday, Molycorp is announcing a plan to change that and respond strongly to the threat of customers moving to China. The company will spend an
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September Losers Now Best Junk Bonds as Housing Debt Rallies: China Credit
Bloomberg
That compares with 10 percent returns on similar bonds in India and 2.6 percent in the US, the data show. Franshion Properties China Ltd. (817)’s dollar bonds rose the most, with a 32 percent increase while Guangdong-based developer Country Garden
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Kenya, Uganda snared in Battle for Africa
UPI.com
But so is securing the emerging energy boom in West and East Africa, along with other minerals in what is becoming a strategic contest between the United States and China, widely seen as the Americans’ paramount rival in the years ahead.
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Apple Inc. (AAPL) Dominates China – Its Second Largest Market After US
Dice News
Apple Inc. (AAPL) declared that China has become biggest market after America; as it has launched six retail outlets in past three years and an online store last year. According to AAPL CEO Tim Cook, China accounted for 16% of Q4 sales, or around 4.5
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Wynn Macau, Galaxy Kick Off Macau Earnings With In-Line Growth
Wall Street Journal
in-line profit increases due to soaring gambling revenue in the Chinese territory, though investors are growing increasingly worried about an impending slowdown in the only place in China where gambling is legal. The Hong Kong-listed unit of US
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Former UK PM Brown Calls for US Leadership
CNBC.com
The former prime minister added there had almost been such an agreement in 2009 but it “fell apart because of disagreements on currencies between China and America.” “I would say forget about the currency for the time being because that will be a
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Solyndra scandal a distraction
Baltimore Sun
The US solar industry is projected to become the world’s largest by 2015. It might seem surprising, but the United States is a net exporter of solar goods and services to the global marketplace, including China. According to the Solar Energy Industries
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Investors Move Money From US Into Foreign Stocks
TheStreet.com
Even China’s stock market has dropped 13% this year, compared with a 2.6% decline for US equities. And yet, the iShares MSCI Emerging Markets Index has rallied 12% since Oct. 3 and the iShares MSCI EAFE Index has gained 9%.
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Seeking a Pacific Northwest Gateway for US Coal
National Geographic
But climate activists fear the victory will be a Pyrrhic one if the coal passed over by US electric generators ends up being burned in China instead. Despite Peabody’s arguments to the contrary, they are convinced that additional access to coal on the
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