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U.S. China News 2011.11.04

Fri, November 4, 2011

China scorns US cyber espionage charges
Reuters
The US report acknowledged the difficulty of determining who exactly is behind a cyber attack. US companies have reported intrusions into their computer networks that originated in China, but US intelligence agencies cannot confirm who specifically is
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Can China crack US hold on IMF?
Philippine Star
But these are not normal times; the US is mired in its own financial and economic woes. The best hope is China, which holds the largest foreign exchange reserves in the world: US$3.2 trillion. Earlier, China shored up the US against financial collapse
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Why Pakistan Can’t Turn China Against the US
The Atlantic
It’s about China. Here’s the background: Pakistan has been courting China recently in an apparent attempt to hedge against (and give a warning to) the US Two of Pakistan’s likely assumptions are that China and the US have conflicting interests in
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China Life, Baidu Lead Index’s Advance in US: China Overnight
BusinessWeek
4 (Bloomberg) — The Bloomberg ChinaUS 55 Index rose to a one-week high, led by China Life Insurance Co. and Baidu Inc., as US stocks advanced after Greece moved closer to accepting a bailout and the European Central Bank unexpectedly cut interest
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US finally acknowledges Chinese and Russian cyberthreat
ZDNet (blog)
By David Gewirtz | November 4, 2011, 5:00am PDT Summary: The difference between China and the United States is that China can execute on its grand plans unfettered by such inconveniences as democratic process or public opinion.
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The Next Big USChina Fight. This One Might Get Ugly.
Business Insider
[Fox News, Fox & Friends, 7/11/11] (Media Matters) So where does that leave the USChina relationship? Well, according to http://www.fakechinahearsayrumor.com, after hearing about today’s NDRC announcement, Rep. Joe Barton, overheard in the men’s room at a DC
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USChina Peace Organization: Leaders Speak Out About Announcement During APEC
MarketWatch (press release)
Laura Iaea, president of Got Mortgage in Honolulu, said, “Complete commitment to peace between China and America is critical now. Our company supports this initiative 100% — we will work together to support it.” Special guest speakers from Beijing
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China’s ICBC chief expects U.S. Fed to do QE3
MarketWatch
By Enda Curran SYDNEY (MarketWatch) — China’s top commercial banker said Friday that concerns over the health of the country’s property market are exaggerated and that he expects a further round of quantitative easing in the US to stimulate growth.
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China, US Work Closer on Food Security
CRIENGLISH.com
[Photo: CRIENGLISH.com/Xu Fei] As the issue of food security continues to develop as a global concern, many countries are taking swift action to tackle it, and the two top players in the world economy—China and the United States, have taken the lead
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India, Australia, US should form pact to tackle naval power of China: Report
Economic Times
MELBOURNE: India, Australia and the US should come together to form a trilateral security pact to counter the rising naval power of China, a report by three think tanks has concluded. “I think it’s an idea whose time has come,” Amitabh Mattoo,
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Panic over China’s four new nuclear ballistic missiles
Times of India
“With regard to conventional forces, US capabilities and operations in northeast Asia also mean that China’s general military modernization appears to be focused on USChina scenarios. But the long border with Russia is a major military focus for
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Should America Be Jealous of China’s “Space Kiss”?
Big Think (blog)
Taking a darker view, of course, China’s space plans are part of a stealthy militarization of space that could end of threatening nations such as the US China’s space program, indeed, is coordinated by the nation’s military, and even basic operations
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America: China Is Constantly Hacking UsChina: No We’re Not
Gizmodo
The US has found itself in an Oh shit no you didn’t internet espionage moment, blaming China and Russia for billions of dollars in online theft, WaPo reports. Their response? Wasn’t us! It’s like a geopolitical high school prom scandal.
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US and Britain avert ‘currency war’ by securing agreement with China to let
Telegraph.co.uk
Britain and the US scored a small victory in their battle to avert damaging “currency wars” by securing an agreement from China to let the yuan start rising in value. By Philip Aldrick, in Cannes Beijing has come under fierce attack from Western powers
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U.S. official defends science-technology exchanges with China
ECNmag.com
(Reuters) – President Barack Obama’s top science official said USChina science cooperation benefits the United States, rejecting moves to curb the exchanges by lawmakers who say it strengthens China’s military. John Holdren, director of the Office of
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Report: China, Russia spys targets US R&D
Bizjournals.com
The report is the combined views of 14 US intelligence agencies. A trend that the report worries could feed the spying is the increasing intermingling between US and Chinese companies and the increasing employment by US companies of Russian immigrants
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US Congressional Report Notes Marked Drop in China Human Rights
Voice of America
November 03, 2011 US Congressional Report Notes Marked Drop in China Human Rights William Ide | Washington As China prepares for its next leadership reshuffle in 2012, the country is facing growing social unrest and criticism over its tightening of
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America Fiddles While China Surges
The Atlantic
By Steve Clemons I’m in China this week and have had limited internet access (and time) to post while bouncing between meetings and cities. I’m here as a guest of the ChinaUnited States Exchange Foundation and traveling with a great group including
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Despite recent criticism, China is creating US jobs
China Daily
The estimate for direct foreign investment into the US by Chinese investors is expected to top $5 billion in 2011 with about $1.2 billion through the EB-5 program. The rapidly growing number of Asian tourists traveling both domestically and
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US struggles to attract international guests
Hotel News Now
By Brendan Manley The US has been losing market share to other nations, due in part to a bloated visa process and the lack of a cohesive, unified marketing push. Brazil, China and India are the fastest-growing, highest-spending sources of overseas
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When borrowing from China makes the US richer
BBC News
China holds trillions of dollars in US debt and the eurozone countries are looking to Beijing for bailout cash, but not all international transactions come at a price. A cultural exchange is also under way between east and west.
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INTERVIEW-Thrift, innovation to win from USChina solar row
Reuters Africa
By David Fogarty and Leonora Walet SINGAPORE Nov 4 (Reuters) – A row between China and the United States over imports of cheaper solar products won’t be the sector’s death-knell but will ultimately speed innovation and cut costs, a top US renewable
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Global CO2 Emissions Take A “Monster” Jump In 2010 Due To Increases in China, US
Energy Collective
The bad news: Emissions from the United States, China, India and other developing countries took a giant leap in 2010, bringing total global emissions 6 per cent higher than the previous year, according to the latest data from the US Department of
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No reason for America to envy Chinese system – Jonah Goldberg
Houston Chronicle
Obama has returned to campaign mode and his fear-China refrain. To listen to Obama, China’s beating us in some sort of infrastructure race. “Folks in Congress are also going to get a chance to decide … whether our construction workers should sit
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NASA chief says US could cooperate with China
msnbc.com
By Mike Wall While China and the United States don’t see eye to eye on many issues, there is room for the two nations to work together in space science and exploration, NASA chief Charlie Bolden says. In fact, cooperation in the space arena could help
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New York Global Group Congratulates Harbin Electric, Inc. on the Completion of
MarketWatch (press release)
Jennifer Wolf, New York Global Group’s Director of Corporate Communications commented: “Harbin Electric’s historical success in a negative market environment towards China based US listed companies reflects New York Global Group’s continued belief that
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South China Sea tensions rattle China’s neighbours
BBC News
“This is the first major sign that a more confident Chinese grand strategy is emerging. It is in the South China Sea that there is a real risk of discord between the US and China.” The disputes are about oil and gas reserves, lucrative fisheries and
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Obama hails China decision to increase yuan flexibility
AFP
Speaking after the meeting of the world’s top economic powers in the French resort of Cannes, US President Barack Obama said the move by China would be critical in boosting global growth. “We welcome China’s determination to increase the flexibility of
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US warns China over human rights violations
Firstpost
Washington: US lawmakers have warned China that America will not tolerate any human rights violations in the country. “Those in the Chinese government who commit or sanction abuses should be forewarned that their actions will not be tolerated by the
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China urges Iran be flexible on nuclear program
Reuters
BEIJING (Reuters) – China urged Iran on Friday to show flexibility over its controversial nuclear program and warned that the use of force to resolve the issue was the last thing the Middle East needed at the moment. The United States, Britain and
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Huntsman in Rock Hill: US is in a ‘funk’
The Herald | HeraldOnline.com
By Jamie Self – jself@heraldonline.com Former Utah governor and US ambassador to China Jon Huntsman told a group at Winthrop that he’s the only candidate who can pull the country out of economic recession and restore it to global competitiveness.
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China Sunergy Reaches Final Settlement with REC Wafer
MarketWatch (press release)
The settlement amount is not being disclosed, yet it has very limited impact on China Sunergy’s profitability. On the date of this announcement, November 4, 2011, China Sunergy has confirmed that it has received the US$50 million bank guarantees that
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Top US companies urge new Internet trade rules
Oman Daily Observer
The companies said they hope their ideas will be reflected in the proposed Trans-Pacific Partnership, a free trade agreement that the United States is negotiating with eight countries in the region. That would put pressure on China to adopt similar
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Exiled Tibet PM urges US pressure over protests
AFP
WASHINGTON — Tibet’s prime minister-in-exile urged the United States on Thursday to step up pressure on China after a wave of self-immolations, which he said showed the failure of Beijing’s rule. Lobsang Sangay, who was elected to the
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US funding cutoff sets a bad example
China Daily
But no matter what the outcome, this example of “dumb power” should not be emulated by other countries. The author, based in New York, is deputy editor of China Daily US edition. Email: chenweihua@chinadaily.com.cn. US funding cutoff sets a bad
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Abigail Washburn: U.S. Dates, Mongolia & China Tour
JamBase
Known by the US State Department as a good-will cultural ambassador to China (and newly-announced 2012 TED Fellow!), songwriter / clawhammer banjoist Abigail Washburn and her band the Village will embark on an adventure along the Silk Road of Mongolia
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More myth than man
Sydney Morning Herald
Ezra Vogel’s Deng Xiaoping and the Transformation of China is a perplexing work of scholarship. It provides little fresh information about Deng’s life, with the exception of new evidence that the US provided tacit support for China to attack Vietnam in
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3 Chinese Growth Stories
Moneyshow.com
Absolutely, I think it’s very difficult to generalize in China. China, like the US, is comprised of lots of different regions and lots of different opportunities. What’s driven stock prices down more than anything has been money leaving the country
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Grains Outlook
Inside Futures
Bearish factors include (1) reduced Chinese demand for US soybeans in favor of Argentine supplies after data from researcher Oil World showed the US has inspected 1.845 MMT of soybeans for export to China since Sep 1, down 34% from the same period last
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Herman Cain’s ‘fortune cookie’ foreign policy approach to China
Washington Post (blog)
Then there’s the little matter of China being the largest holder of US debt — $1.13 trillion as of August 2011 and could go up to $3 trillion by 2015. Meanwhile, the US economic growth is ticking along at an annual rate of 2.5 percent.
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Company says shampoos safe
China Daily
By Gao Changxin (China Daily) SHANGHAI – US healthcare giant Johnson & Johnson denied that its baby shampoo products contain cancer-causing chemicals on Thursday. “The ingredients used in Johnson’s Baby products, including preservatives that are
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