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U.S. China News 2011.10.29

Sun, October 30, 2011

US, China discuss financial recovery
AFP
WASHINGTON — US and Chinese diplomats discussed ways the world’s top two economies could promote balanced growth and a recovery from the global financial recession, the State Department said Saturday. During a Thursday-Saturday visit in Beijing with
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US finding bodes ill for China’s exporters
China Daily
Earlier this month, the US Senate passed legislation that would allow the government to impose tariffs on Chinese goods to compensate for an undervalued currency. The US also recently filed a WTO case over Chinese blocks on US poultry exports and has
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US says China, Taiwan, Mexico and UAE dumping products
Reuters
WASHINGTON (Reuters) – The Commerce Department on Friday set preliminary anti-dumping duty rates on products from China, Taiwan, Mexico and the United Arab Emirates it said were being sold in the United States at unfairly low prices.
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Henry Paulson’s 5 Ideas for USChina Relations
The Atlantic
He has a deep history with the US and Chinese economies–at Goldman Sachs, and then as the Treasury Secretary. As a banker, he worked on historic but thorny issues in China, like privatizations. And at the Treasury, he established the Strategic
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Europe bailout fund chief courts China
Reuters
Stuck with elevated inflation, China worries that ultra-loose monetary policies abroad will further stoke price pressures at home. It has repeatedly scolded the United States for its quantitative easing, deeming it “irresponsible.
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Top Obama aide delays trip to China, India – W.House
Reuters India
WASHINGTON (Reuters) – President Barack Obama’s top national security adviser delayed a planned trip to China and India last week to help Obama deal with Libya and a decision on US troops in Iraq, the White House said on Friday.
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“Chinglish” Dramatizes ChinaUS Muddles
Smithsonian (blog)
The Chinese Ministry of Education recently estimated that 40 million people around the world are studying Mandarin, and China’s popularity among US exchange students increased more than 100% between 2002 and 2007. I spent 5 months in 2008 studying at
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A steady reformer for China’s securities regulator
Reuters
He joined CCB, which counts Bank of America as a strategic shareholder, as chairman in 2005 after SAFE’s $22.5 billion bailout left the agency as the bank’s largest shareholder. Seven months after Guo took over, CCB sold shares publicly for the first
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Made in China: Country’s new supercomputer uses homegrown chips
CNET
by Larry Dignan October 29, 2011 9:09 AM PDT China is stepping up its semiconductor manufacturing efforts and using domestic chips for its latest supercomputer. It’s going to be interesting to see how fast China can close in on US supercomputer
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China’s Government Has Long Feared Social Media
Investor’s Business Daily
By DOUG TSURUOKA, INVESTOR’S BUSINESS DAILY Posted 10/28/2011 05:16 PM ET Chinese authorities remain clearly antsy about political fallout from social network sites, especially US-based ones. US-based social media sites today are blocked by China’s
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Oct 28th
China Daily USA YouTube Channel
Chinese Electric and hybrid automaker BYD launched its North America headquarters in Los Angeles on Oct 24. Former US Treasury Secretary Paulson offers five principles to boost the economies of the US, China and the world Xu Qin, mayor of the city of
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Trio of events focus on USChina
Film Business Asia
The events also follow the 2011 Chinese American Film Festival held in San Francisco on 27-28 Oct. The MPAA does not explain the criteria by which it selected its titles, but names six of them as Love in Space, Shanghai, Red Cliff (Parts 1 and 2),
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Fragile China
Deseret News
But the credit-fueled real estate boom in China is fundamentally different than the one experienced in the US Although Chinese builders may have overextended themselves with debt, Chinese households have been fortuitously frugal.
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China test-flies biofuel-powered plane
BusinessWeek
A jumbo jet powered by fuel made from oily nuts has made a two-hour test flight in Beijing as part of a USChinese renewable energy partnership. The fuel for Friday’s flight is one of a series of research projects launched last year by the United
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US Group Calls For Film Boycott Over Human Rights in China
Voice of America (blog)
A US rights group is calling for a boycott of a US film company because it is shooting a movie in a Chinese city where a leading activist is under house arrest. The group, Women’s Rights Without Frontiers, says Relativity Media is filming the movie 21
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Asian Stocks See Biggest Gains Since 2009 on Europe Debt Deal
BusinessWeek
Oct. 29 (Bloomberg) — Asian stocks surged by the most this week in more than two years after a breakthrough in Europe boosted confidence the debt crisis will be contained, US growth accelerated, and China hinted at easing monetary policy.
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US celebrates Statue of Liberty’s 125th birthday
San Francisco Chronicle
By KAREN MATTHEWS, AP Mark Lennihan / AP Zuyu Nu, right, from China and serving with the US Navy, takes the oath of citizenship during a naturalization ceremony at the Statue of Liberty, Friday, Oct. 28, 2011 in New York. One hundred twenty five people
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The expansion of the Guam-CNMI visa-waiver program, to include visitors from
Pacific Daily News
As the US and Guam economies continue to struggle, implementing a visa waiver for visitors from China and Russia becomes increasingly important. In 2010, more than 57 million Chinese traveled out of their country, and that number is expected to
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China still suppressing free speech
Fort Wayne Journal Gazette
“Many of us found it hilarious, because we know Mark Block.” Cain may like it, and it’s certainly received attention – with more than one commentator calling it the worst political ad in history. Though the smoking has received the most focus,
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Europe Looks to China
Business Insider
It does so because it runs a chronic surplus with most EU countries (besides Germany and Ireland) much like it does with the US China produces more than it consumes, the US and most of the EU consume more than they produce — hence their growing
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GOP rivals focus on flat taxes, smaller government
Boston.com
Hoping to coax more US export jobs, Romney threatens to trade penalties against China if it does not boost the value of its currency. “If you’re not willing to stand up to China, you’ll get rolled over by China,” he says. But former Utah Gov.
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China expert comes home
Inquirer.net
“Our youth delegation was invited by the Chinese People’s Friendship Association, so this group took care of us. We initially stayed in different guesthouses. We then moved to the university dormitories when we were studying, and to apartments provided
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The Dollar’s Not Almighty Anymore: A Little Dose of Fear Among the Elite Can
ThisCantBeHappening!
Shanghai — I was talking yesterday with the chief financial officer of a US-based drug firm that operates here in China, producing for the Chinese market, and got an up-close look at how bad things are for what used to be called the Almighty Dollar.
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China Replaces Financial Regulators Ahead of Leadership Change
Bloomberg
Shang and Guo take control ahead of the appointments next year of President Hu Jintao’s and Premier Wen Jiabao’s replacements, who’ll guide China toward passing the US to become the world’s largest economy. “China’s financial industries have seen
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Vietnam rejects US push on state firms in trade talks
Reuters
Washington wants strong rules on state-owned enterprises in the TPP partly because the pact could become the foundation for future trade talks with China, a country with more than 20000 state-owned companies. A study conducted for the USChina Economic
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Buchanan: Take the China Test
Washington Times
Book Cover: Patrick J. Buchanan, Suicide of a Superpower It doesn’t matter what you want; almost every consumer product on US store shelves is made overseas, especially in China. It doesn’t matter how much you want to find it; almost nothing you need
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Tricks, or treats!
China Daily
By Pauline D. Loh (China Daily) Halloween is a very American holiday but, in these days of global integration, it’s spreading far beyond those shores. Pauline D. Loh shares some not-so-scary recipes. They would come in gigantic packs.
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US will lack muscle at eurozone crisis meeting
Kansas City Star
The US-dominated International Monetary Fund would play some role in this rescue effort, and that’s proved to be a sticking point. China is wary of having any US say over what it does with its money in Europe. Brazil, uneasy about being asked to bail
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China a magnet for global filmmakers
AsiaOne
Thrilled by the success of The Karate Kid, Wolf says he is planning other co-production ventures in China to create exciting films that will appeal to Chinese, US and global audiences. “The future of Chinese cinema is very bright and co-productions are
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U.S. officials meet with Chinese on meat issues
Pork Magazine
By PorkNetwork news source | Updated: October 28, 2011 Officials of the Office of the US Trade Representative and the USDA recently met with Chinese officials to discuss a USDA Food Safety and Inspection Service risk assessment on Chinese cooked
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China clarifies terrorism definition in hopes of winning international backing
Washington Post
While Beijing has sought for much of the past decade to link the situation in Xinjiang with the broader US-led efforts to fight jihadist groups, Chinese methods have often undercut its quest for wider support. Instead of prosecuting Uighurs as
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U.S. Joint Ventures May Be Helping China: Draft
DefenseNews.com (subscription)
By WENDELL MINNICK TAIPEI – US aerospace companies may unknowingly be helping China’s military, according to a rough draft of the annual report on China’s military modernization by the USChina Economic and Security Review Commission, to be released in
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Asian fuel demands spur plans for natural gas terminals on west coast
Vancouver Sun
Despite these risks, Cheniere’s contract with BG and the prospects for other North American projects has “substantially shifted” in favor of LNG exports from North America, it said. The Hague, Netherlands-based Shell and partners China National
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Weyerhaeuser results meet analysts’ forecast
The Seattle Times
Weyerhaeuser reported improved third-quarter operating results Friday, despite the stagnant US housing market and slowing demand from China, but year-over-year profitability comparisons were complicated by last year’s conversion into a real estate
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China’s Occupy America Movement
allvoices
China is supporting a mysterious new movement called Occupy America. The goals of the movement are still unclear as no specific demands have been formulated. In a short statement the Chinese government maintained that this was not exactly a protest
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Worries over China economy ‘overblown’
Vancouver Sun
Chinese banks doled out US$3.8trillion in new loans since September 2008 to offset the impact of the global financial crisis, while property prices have climbed about 60% since the end of 2006, according to the International Monetary Fund.
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Stosur thrashes Li, Radwanska misses out
Reuters
Samantha Stosur of Australia celebrates her victory against Li Na of China after their WTA tennis championships match in Istanbul, October 28, 2011. By Martyn Herman ISTANBUL (Reuters) – US Open winner Samantha Stosur destroyed China’s Li Na 6-1 6-0 on
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Some Fashion Tips for Legal Types This Halloween
Above the Law
We have made 58 placements of US associates and counsels at law firms in Asia in 2011 thus far (vast majority in HK / China and not including partners or in-house placements), but by end June we already had 42 such placements. It would have slowed down
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China puts itself in the cyber crosshairs — what now?
GCN.com
By William Jackson It is becoming increasingly apparent that China is the source of a lot of hacking and espionage that is going on in US corporate and government systems — and that an international response is called for.
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Expensive Healthcare Doesn’t Make Us Healthier
Big Think
The $2.6 trillion spent annually on healthcare in the US is roughly equal to the GDP of France. And while the population of the US is about a quarter of China’s, our spending on healthcare is equivalent to about half of its GDP Critics argue that
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NASA Confirms ‘Suspicious Events’ in Satellite Hacking Report
TPM
NASA has confirmed to TPM that one of its earth observation satellites “experienced two suspicious events,” partly verifying the alarming conclusions of a draft of a forthcoming report by an independent Congressional advisory panel on USChinese
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Asian Adventure: It’s no 中元节, but it’s Chinese Halloween
Brandon Sun
We filled it with cobwebs and dark corners where more than a few of us lurked, waiting for students to pass by. The Chinese teachers led their classes in to the dark hallways one at a time. It is there that people from the US, Australia,
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How to Trade the Risk-On Currency Rally
CNBC.com
Between the US economic growth report, strong data from China, and the European debt deal, “Everything broke risk’s way this week,” says Andrew Busch, global currency and public policy strategist for BMO Capital. But Busch has no interest in staying
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