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U.S. China News 2011.10.21

Sat, October 22, 2011

China Warns of Bad Effects if US Turns Protectionist
New York Times
“If because of tariff measures adopted by the United States, Chinese solar panel products cannot continue to be exported to the United States, this for certain will greatly affect American exports to China of related production equipment and raw
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China’s Yingli plans US trade complaint defense
Reuters
Oct 21 (Reuters) – Yingli Green Energy Holding Co Ltd said it was reviewing a trade complaint filed by US solar panel makers against Chinese rivals, including Yingli, and plans to mount a vigorous defense. Seven US solar manufacturers on Wednesday
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China’s Netizens Warn US Politicians to Back Off: Adam Minter
Bloomberg
Six years later, China’s currency has strengthened by almost 30 percent against the dollar, but things look pretty much like they did on July 21, 2005. US manufacturing is still in decline, the USChina trade deficit persists, and American politicians
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Chinese Stocks in the US: China Life, PetroChina, Unicom Fall
BusinessWeek
Oct. 20 (Bloomberg) — The Bloomberg ChinaUS 55 Index of the most-traded Chinese equities in the US fell 1.8 percent. The Shanghai Composite Index retreated 1.9 percent to 2331.37. The following companies were among the most active Chinese shares in
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China demand for U.S. corn is real in October
Farm and Ranch Guide
Along with the other demands for US corn, it appears that China wants US corn. “China needs to buy corn,” he said. “They do not have enough domestic supply to meet the demand they have. They have no choice but to purchase corn from the US” He added
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US plants a stake at China’s door
Asia Times Online
By Peter Lee In recent weeks, China and the United States have both issued white papers outlining their visions of the world and Asian order. The Chinese version – its “White Paper on Peaceful Development” – set out a rosy vision of peace and
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Taking Stock Of The USChina Partnership
Forbes
GDP in China will grow 7.5% to 8.5% in 2011, and despite problems such as high inflation, especially for food prices, GDP is likely to continue its high growth. The relative GDP growth in the US and China is shown in the following table.
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US and China Bicker Over China’s ‘Great Firewall’
Tom’s Hardware Guide
Which is why it’s newsworthy when America finds a reason to be mad at China. It seems the US Government wants China to relax their so-called ‘Great Firewall’, the notoriously restrictive system of surveillance and censorship officially known as The
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To Create Jobs, America Can Learn from China – According to Economic Trends
PR Newswire (press release)
“There’s a war going on out there in the world between the two most important economic powers: the United States and China. We don’t know we’re fighting a war. We are,” said Leeb. “Our country needs to start looking forward to our future and how we can
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Analysis: China to slow yuan rises but repeg unlikely
Reuters
By Kevin Yao and Koh Gui Qing BEIJING (Reuters) – China is set to show the world that its currency policy begins and ends at home, slowing down the yuan’s appreciation to shield exporters from a global economic downturn and show US lawmakers they
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Could a Signature Bolster China Audits?
Wall Street Journal (blog)
Big Four firms signed off on the audits of a number of Chinese companies that have since got caught up in accounting scandals. Now they’re finding themselves trapped in a regulatory quandary between China and the US In early September the US Securities
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Commentary: Apple being dragged into USChina trade war
Digitimes
Speculation in the industry has linked the Catcher incident with the recent trade war between the US and China, rousing suspicions that the orders to disrupt Catcher’s business came from the central government and were motived out of retaliation
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China could own the Moon, as US loses the space race
ZME Science
America would experience a rebirth of vision, excitement, science and global prestige,” Bigelow said. However, competition with China isn’t the only option. If they were willing to share some of their projects, then everybody should be more than happy
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China continues IPR dialogue with US
China Daily
The International Cooperation Forum on China’s Intellectual Property, an important part of a series of IP events held outside China, and the run-up to the 22nd ChinaUS Joint Commission on Commerce and Trade scheduled for November in Beijing,
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US National Security Advisor to Visit China, India
2point6billion
Donilon is expected to pave the way for meetings and international summits involving US and Chinese leaders, analysts said. Recently, the USChina relationship has been continuously threatened by issues including the US-Taiwan arms deal,
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China divests $36.5 bln of holding in US treasuries
Stock Market Digital
China has divested $36.5 billion or 3.1% of its holding in the US treasuries in August, Economic Times reported. This is the country’s biggest sell-off of dollar assets since 2000. This move came as a surprise as China had bought over bonds worth $8
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Hong Kong Takes Active Role to Assist US Business Expansion in Asia through
MarketWatch (press release)
Moreover, these industries are growing in demand in Mainland China. US exports to both Mainland China and Hong Kong are significant. For example, the NY/NJ/PA area exported nearly $40 billion in first half of 2010, representing 6.5% of US exports to
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China’s military in diplomatic charm offensive
The Associated Press
While that modernization disconcerts the US and China’s neighbors, China says it’s needed to defend its interests. Some analysts say military diplomacy is a way to show off its strength to potential rivals, while also joining in international relief
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Commodity traders: The trillion dollar club
Reuters
It has trading offices in China, palm plantations and chemical plants across Asia, and silos in Brazil. “We have a system that monitors the supply and demand needs, because often times they are working independently. For us in the middle,
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Know What’s Next: Leading Chinese Business School CKGSB Is Fostering China
MarketWatch (press release)
The annual summit shapes the course of USChina business relations by assembling key businesspeople, economists and government and NGO experts from both the United States and China for a full day of discussion. This year’s theme is, “Leading the Next
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US 2011 Annual Report Paints a Grim Picture of Tibet
Tibet Post International
Dharamshala, India: Despite its galloping economy and increasing influence in global affairs, a report released last week paints a grim picture of the underbelly of the world’s newest superpower, communist China. The United States
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Macau casino junkets thrive despite China credit squeeze
Reuters
Shares of Hong Kong- and US-listed gaming companies such as Sands China Ltd (1928.HK), Wynn Macau Ltd (1128.HK), Galaxy Entertainment Group Ltd (0027.HK), Melco Crown Entertainment Ltd (MPEL.O) and SJM Holdings Ltd (0880.HK) plunged earlier this month
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New caution for US universities overseas
Seattle Post Intelligencer
21, 2011 AND THEREAFTER – This artist’s rendering provided by Duke University on Oct. 18, 2011 shows the plan for the Duke Kunshan University campus under construction in Kunshan, China near Shanghai. American college presidents have spent the last
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Central Taiwan seen as election key as China frets
Reuters
For the United States, Taiwan’s old friend and supplier of advanced weaponry, China-Taiwan stability is vital. Its willingness to defend the island is increasingly tempered by the reality of China’s political and economic influence.
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U.S. says Europe stability critical to confidence
Reuters
More stability in Europe would bolster consumer and investment confidence that was shaken during the summer by a contentious debate over raising the US debt limit and hurt more as the European crisis intensified. Brainard also pointed to China in
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China bashing is bad campaign politics
China Daily
The billionaire many thought would join the presidential race then had only two issues: China and US President Barack Obama’s birth certificate. It was a sigh of relief when he finally opted not to run, although polls at one time suggested he was a
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The importance of gold to Chinese investors
«Market Leader» – news and previews making you rich.
Therefore, we can speak about Chinese strategy to prevail at international financial markets and global economy. It is worth reminding that, according to economists’ predictions, Chinese GDP can exceed US GDP already in 2015-2017 if China maintains the
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GRAINS-US corn rises for 2nd day, soy under pressure
Reuters Africa
A big US corn purchase by China propelled export sales of the grain last week to a near seven-month high, although the sales fell short of trade expectations, according to US Agriculture Department data on Thursday. * Net sales in the week ended Oct.
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North American Wind Poised for Growth, but China’s Not Standing Idly By
SustainableBusiness.com
China overtook the US as having the world’s largest wind capacity, with 41 GW at the end of 2010, but it still only amounts to about 1% of its demand. But by 2050, China could have 1000 GW of wind, according to a study by the country’s National
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Not a zero-sum game
China Daily
On the other hand, overestimating China’s economic and military power is dangerous as it creates a kind of fear that will jeopardize ChinaUS relations. “I don’t think that China will take over the US or threaten the US, but one of the things we have
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China joins calls for Europe to act
Financial Times
By Peter Spiegel in Brussels International concern that Europe will be unable to produce a credible solution to its debt crisis heightened on Friday, with China’s premier exhorting the region’s leaders to act quickly just hours after the US president
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Professor Xing Zhou, the Immunology Expert from McMaster University of Canada
MarketWatch (press release)
He has been invited to give lectures in the United States, Canada, Switzerland and China more than 70 times. He is now the deputy chief editor of BMC Immunology Magazine, the editors committee member of Gene Vaccines and Therapy, Medicinal Chemistry
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Lufthansa Cargo could lose ‘double-digit millions’ due to ban
aircargoworld
Lufthansa Cargo’s freighter services to the US and China are the worst affected by the shock decision on October 11 by the Hesse Administrative High Court in Germay to ban night flights at Frankfurt Airport. The carrier had planned for 10 night flights
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Jack Ma seeks US allies in bid for Yahoo
San Jose Business Journal
The American company paid $1 billion for a 40 percent stake in Alibaba Group Ltd. when it was an upstart Internet company in China. Now Yahoo’s investment in Alibaba and Yahoo Japan are estimated to be make up as much as 80 percent of the US company’s
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Chinese Rate Their Job Market Better Than Americans
Gallup.com (blog)
Here again, Chinese attitudes have been fairly steady, while Americans’ have been more volatile. The US still outpaces China on the important measure of whether its residents have formal full-time jobs. In 2011, more than 50% of the US workforce was
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Beasley reflects on China, lockout and Wolves
FS North
Michael Beasley has had a truly unique offseason that included some strange reports out of China. (Brace Hemmelgarn/US Presswire) Tyler Mason was born and raised in Minnesota. After graduating from the University of Wisconsin-Madison in 2009,
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US-North Korean Diplomats to Resume Nuclear Talks
Voice of America
The six-way talks include both Koreas, the United States, China, Japan and Russia. China has been pushing for their quick resumption. But the US, South Korea and Japan have been more cautious, saying North Korea must first implement actions it agreed
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Global Trade and the Yuan
Gold Seek
In 2009, China overtook the United States as Africa’s top trading partner. Manufactured goods represent a growing portion of the products emerging countries import from Africa. ASEAN is the third-largest trading partner of China and China-ASEAN imports
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Bryson approved as US commerce secretary, replacing Locke
CNN
Locke, a former two-term governor of Washington who was born to Chinese immigrant parents, is the first ChineseAmerican to be both commerce secretary and ambassador to China, according to US government websites. He was sworn in to the latter post this
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Bill would encourage foreigners to buy US homes
Los Angeles Times
(Gary Friedman, Los Angeles Times / January 27, 2011) By Jim Puzzanghera and Lauren Beale, Los Angeles Times American consumers and the federal government haven’t been able to bail out the sinking US real estate market. Now wealthy Chinese, Canadians
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Tomorrow’s Manufacturing: China or the US?
PRI’s The World
By Jason Margolis ⋅ October 20, 2011 ⋅ Post a comment The US has steadily been bleeding manufacturing jobs to China for 15 years. China builds toys and electronics bound for American shelves. Now China is poised to expand its manufacturing dominance
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Analysis: Russia not ready to cover China rare earths gap
Reuters
Australian and US firms have been quick to launch new mines and restart mothballed operations, with projects scheduled to go online as early as the end of this year. Russian deposits, while ranked third-largest globally, are largely undeveloped.
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L’Oreal Beautifies Emerging Markets, Stock Looks Pretty
Forbes
L’Oreal expects more than three-fourths of its future growth to come from the emerging markets of Asia and Latin America in particular from China, Russia, India, Brazil and Mexico. L’Oréal faces stiff competition from Procter & Gamble and Unilever
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Beijing takes lead in solar
Minneapolis Star Tribune
based solar manufacturer Solyndra can be traced to sprawling cities in China, where low-cost manufacturers have come to dominate the global industry by pushing down the price of solar panels to a point where most US companies can’t compete.
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