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U.S. China News 2011.10.28

Sat, October 29, 2011

China key suspect in US satellite hacks: commission
Reuters
The USChina Economic and Security Review Commission, which reported the interference, said it was “consistent with PLA doctrine,” Larry Wortzel, one of the 12 commissioners, told Reuters on Friday. PLA is short for China’s People’s Liberation Army.
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China, US companies test-fly biofuel-powered plane
Boston.com
BEIJING—A jumbo jet powered by fuel made from oily nuts made a two-hour test flight Friday as part of a USChinese renewable energy partnership. The fuel, based on the oily nuts of the jatropha tree, is one of a series of research projects launched
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Bay Area clothiers Levi’s and Gap strive to dress Asians in American-fusion
San Jose Mercury News
As the American market continues to sputter, and China’s continues to boom, US retailers are updating business plans to include the world’s second-largest economy as well as the rest of growing Asia. Just as Louis Vuitton, Gucci and Apple (AAPL) have
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ChinaUS trade ties too important to fear
Asia Times Online
By Nick Ottens President Barack Obama joked during Chinese President Hu Jintao’s state visit to the United States in January that his nation wants to sell China “all kinds of stuff” but significant impediments to a freer and more fruitful trade
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USChina Innovation & Cooperation Conference to Ring The NASDAQ Stock Market
MarketWatch (press release)
The first annual USChina Innovation & Cooperation Conference promoting innovation and the exchange of ideas between leaders across industrial, scientific, and financial sectors in the US and China, will visit the NASDAQ MarketSite in New York City’s
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USChina Nuclear Posture Dialogue Stymied by Miscommunication, Experts Say
Global Security Newswire
By Rachel Oswald WASHINGTON — Poor communication and divergent goals are hampering efforts by China and the United States to improve their understanding of each other’s nuclear arms policy, issue experts said on Wednesday (see GSN , Aug. 26).
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China’s Stocks Rise, Extending Best Week in Year, on Profit, US Economy
Bloomberg
By Bloomberg News – Fri Oct 28 08:00:54 GMT 2011 China’s stocks rose, driving the benchmark index to its biggest weekly gain in a year, on speculation the government may ease property curbs and after Europe announced measures to solve the region’s debt
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China’s Pork Imports May Rise to Record on Low US Prices
BusinessWeek
By Bloomberg News Oct. 28 (Bloomberg) — Pork imports by China, the biggest consumer, may rise to a record this year as domestic supply fails to keep pace with demand and low US prices spur state buying to help ease high inflation.
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Chinglish on Broadway
Huffington Post (blog)
When I joined the Peace Corps in 2005 and my recruiter told me I would be stationed in China, I was shocked. “I thought Peace Corps only went to really poor places,” I remember saying. “Doesn’t’ China own us?” She smiled, nodded, and spoke her response
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Pakistan moving closer to China: US Congress
Economic Times
WASHINGTON: With deepening of India-US relationship and deterioration in the ties between Washington and Islamabad, Pakistan is moving closer to China, a Congressional report has said. “As US-India ties deepen and US-Pakistan ties appear to deteriorate
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Chinese pharmaceuticals testing the US drug market
China Daily
On his first trip to the United States, the president of Buchang Pharmaceuticals, one of the biggest Chinese medicine companies, prefers selling to buying. “Nowadays, Chinese pharmaceutical companies are capable of expanding their market worldwide,
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MPAA to Host USChina Co-Production Screenings
Hollywood Reporter
The Motion Picture Association of America will host screenings of eight USChina co-productions, in cooperation with the China Film Co-Production Corp. and supported by China’s State Administration of Radio, Film and Television’s (SARFT) Film Bureau.
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America’s other 87 deficits
CNN (blog)
This is not to ignore important USChina trade issues that need to be addressed. Market access should be high on the agenda – especially for a sluggish US economy that needs new sources of growth, like exports. With China now America’s third largest
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In Depth: US PV sector ‘in peril’ if Chinese rise is not halted
Recharge
SolarWorld and its supporters say the future of PV manufacturing in the US hinges on the trade action they have filed against Chinese cell makers. “Solar technology was invented here and we intend to keep it here,” says Gordon Brinser, president of
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China is the biggest threat to the U.S.
Las Vegas Sun
For those of you who still insist we operate under “capitalism” pay attention to China. American companies have sold their souls to the communist Chinese. By brtaylor Before we invaded Iraq, a colleague and I got into a heated discussion about it.
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China Won’t Ape US in CO2 Levels as that Would be “World Disaster”
CleanTechnica
The BBC is reporting that China has announced that it will not allow its per capita carbon dioxide emissions to reach the levels found in the US, according to the minister in charge of climate policy. Xie Zhenhua, vice chair of the National Development
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Some Chinese Missile Sales to Iran May Escape US Sanctions Law
BusinessWeek
China’s provision of anti-ship cruise missiles to Iran could allow Iran to target, among other things, oil tankers transiting the Strait of Hormuz” on Iran’s south shore, according to the draft annual report by the USChina Economic and Security
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With USChinese film co-productions on the rise, new questions emerge
UCLA Asia Institute
This includes how American film producers convey China and its people in their work, the collaborations between Chinese and American film producers that are increasingly being brokered, and the importance of cross-cultural communication among “below
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Exclusive: China to reshuffle financial regulators
Reuters
And the CSRC must manage the fallout from an accounting scandal involving Chinese companies listed on US stock exchanges. A raft of reforms across the financial sector remain in the pipeline, but analysts say progress will begin to slow next year as
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China loves US DDGs
Agriculture.com
BEIJING (Dow Jones)–China was the US’s second-largest export market for distillers dried grains with solubles, or DDGS, in the first eight months of the year, the US Grains Council said Friday. “Despite the uncertainty surrounding China’s DDGS
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US energy companies seek partnerships with nation’s coal firms
China Daily
Plans for 80 new coal-fired plants will offer opportunities for US-based companies that supply advanced technology and services. However, some experts expressed doubt about the scale of the Chinese market for US mining safety equipment.
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Paulson offers principles for US, China economies
China Daily
By Cai Chunying (China Daily) WASHINGTON – Henry Paulson, the former US secretary of Treasury, considers “unlocking the promise of capital and cross investment” as the primary principle to guide US and China through the current economic difficulties
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Shenzhen inks two more deals with US companies
China Daily
By Ariel Tung (China Daily) NEW YORK – Two USChina business agreements were inked during Shenzhen Mayor Xu Qin’s visit this week in Manhattan. Shenzhen Relin Medicine, a Chinese pharmaceutical company dealing in medicines for the eye,
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ZTE hopes to make more US inroads
China Daily
In January, the US China Economic and Security Review Commission, an independent panel that advises Congress, indicated that Chinese telecommunications companies might be conscripted into plans for interfering with or gaining intelligence from US
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US, China Economy, Fed, Europe Debt Crisis, ECB
Bloomberg
chief economist for Asia Pacific excluding Japan at BNP Paribas SA, talks about the European debt crisis, and outlook for European Central Bank and Federal Reserve monetary policies and the regions’ economies. Iley also discusses China’s growth.
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GOP advances bill to help China, India tech grads
Computerworld
“Why should American employers who seek green cards for skilled foreign workers have to wait longer just because the workers are from India or China?” Ron Hira, a public policy professor at the Rochester Institute of Technology in New York,
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Apocalypse Redux? U.S. Natural Gas Find off Vietnam Could Raise Tensions with
OilPrice.com
The South China Sea’s offshore resources are currently claimed by six countries – China, Vietnam, Taiwan, Malaysia, Brunei and the Philippines, with competing claims overlapping in a crazy quilt pattern. Given the billions of dollars at stake for
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De-Politicizing our China Policy
NJBIZ
China depends greatly on trade with the world (especially the US) in order to sustain its improving standard of living. Not only is the US China’s largest trading partner, but China also owns $1.2 trillion in US Treasury obligations.
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Morgan Stanley thinks China could surpass US as Apple’s largest market
Appolicious
The financial firm suggests that China, currently Apple’s second biggest market, could eventually surpass the US to become its biggest business region. Apple Insider has the story, which details the 2050-person survey that focused on Chinese mobile
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Chinese State Councilor Urges Good Arrangements for ChinaUS High-Level Exchanges
CRIENGLISH.com
Chinese State Councilor Dai Bingguo met with US Deputy Secretary of State William Burns in Beijing on Friday, urging the two countries to make good arrangements for their high-level exchanges in the period ahead. “ChinaUS relations have currently
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Canfor looks beyond Shanghai and Beijing to grows business in China: CEO
CanadianBusiness.com
By Craig Wong, The Canadian Press | October 28, 2011 With a recovery in the US housing market still 18 to 24 months away, Canfor is looking to expand markets in China beyond the bustling hubs of Shanghai and Beijing as the lumber producer grows its
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China’s Censorship Bans Reality Shows From the USA
The People Speak Out
Chinese Government is planning to ban US reality shows on the satellite TV stations, trying to have more control over cultural industry. The order comes from the State Administration of Radio, Film and Television, controlled by the Chinese Communist
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Chinese lobby US officials
China Daily
By Tan Yingzi (China Daily) WASHINGTON – A group of Chinese private business owners visited six US congressmen on Capitol Hill this week in order to promote more understanding between the two countries. Thanks to the efforts of United Parcel Service
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What Yue Yue’s Death Tells Us About What’s Wrong With China
The Weekly Standard (blog)
Kiev – A close friend from the Republic of China (otherwise known as Taiwan) lived for several years in Foshan, in the southern province of Guangdong in the People’s Republic of China (PRC). One day, when feeling rather hopeless about Chinese society,
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2 students from China killed in car crash in US
eTaiwan News
AP The two people killed in a crash Wednesday near Corvallis have been identified as Oregon State University students from China. The Benton County sheriff’s office says they were in a car that hit a utility pole and burned just after 4 am,
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China Mass Media Announces Ordinary Share-to-ADS Ratio Change and Special Cash
PR Newswire (press release)
There will be no change to China Mass Media’s underlying ordinary shares. The Company also declared a special cash dividend of US$0.07667 per share on the Company’s ordinary shares. Shareholders of record as of the close of business on December 9,
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Born in the USA: Birth tourists get instant US citizenship for their newborns
msnbc.com
Chinese culture and American culture,” said Mrs. Chao, who asked not to be identified by her full name. While in the United States, Mrs. Chao and her husband bought an iPad, suits and dress clothing, luxury brand perfumes and baby clothes from brands
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Vilsack headed to China and Vietnam
WJBC News
US Agriculture Sec. Tom Vilsack is headed to China and Vietnam on a trade mission in November. (Photo by Chip Somodevilla/Getty Images) Agriculture Secretary Tom Vilsack has announced plans to travel to Vietnam and China on a trade mission next month.
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Colleges get China project funds
Greenville News
“South Carolina in general does a lot of trade with China.” South Carolina companies exported $2.16 billion of goods to China in 2010, according to the USChina Business Council Inc. That ranked the state as the 14th largest exporter to China in the
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Denmark welcomes China in from the Arctic cold
Reuters
China doesn’t have any Arctic coastline, like Russia, Canada, Denmark, Norway and the United States, but it will be keen to cooperate with those countries and have access to the process of designing any new rules at the pole. China has “natural and
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China Construction Bank 3Q profit up 16 percent
msnbc.com
The Beijing-based bank reported Friday that profit for the July-September third quarter was 46.2 billion yuan ($7.3 billion), or 0.18 yuan (2.8 US cents) a share. Like other Chinese lenders, the bank has benefited from rising interest rates and higher
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Pakistan Does Not Respond to U.S. Pressure
U.S. News & World Report
She is a member of the International Institute for Strategic Studies, and her primary research interests include Middle East and Persian Gulf security issues and US foreign policy toward Pakistan, Afghanistan, and China. Neither the United States nor
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U.S. Toys Imports Drop 9 Percent Despite Coming Holidays
PR Newswire (press release)
Of the 2011 year-to-date overall inbound toy shipments, 89 percent originated in China (including Hong Kong), where labor and material costs are on the rise as the US dollar value against the Yuan decreases. Although China’s market share is down two
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Pryor: U.S. in trade war with China
Arkansas News
By Bill Lawson MAUMELLE — The United States is in a trade war with China, even if US officials won’t admit it, US Sen. Mark Pryor, D-Ark., said today. Speaking at a Maumelle Area Chamber of Commerce luncheon, Pryor said the Chinese government’s main
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