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U.S. China News 2011.11.09

Wed, November 9, 2011

Chinese Solar Companies Say US Duties Would Hurt Industry
BusinessWeek
9 (Bloomberg) — Chinese solar-equipment makers said tariffs sought by US competitors would make it harder to expand the use of renewable energy. China, the US and other countries are all encouraging use of alternative energy sources, driving costs
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China Telecom Plans to Offer Wireless Service in US in 2012
BusinessWeek
The company may advertise the new service in Chinese neighborhoods, as well as at conferences and events, he said. More than 1 percent of Chinese people live in the US, Tan said. If the wireless service is successful in the US, China Telecom may expand
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US, China, Russia to Join Asian Leaders For Summit in Bali
Voice of America
November 09, 2011 US, China, Russia to Join Asian Leaders For Summit in Bali Brian Padden | Jakarta Next week (November 14-19), leaders from 18 nations will gather in Indonesia’s island, Bali, for the sixth annual East Asia summit.
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U.S. Tourist Visa Demand Surges on China, Brazil
Bloomberg
By Joshua Goodman – Tue Nov 08 23:00:01 GMT 2011 The US is struggling to keep up with surging demand for visas in China and Brazil, as the growing middle class in the world’s two biggest emerging markets flock to American shopping malls and tourist
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Chinese students often cheat to get into U.S. colleges
Bend Bulletin
Chinese students examine school pamphlets at the Education Expo in Beijing. Many Chinese hold US education in high regard, part of the reason the number of Chinese undergraduates in the US has tripled in three years. Dozens of new students crowded into
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U.S. should stand up to China more: McCain
Reuters
By Andrea Shalal-Esa WASHINGTON (Reuters) – The United States should adopt a tougher stance with China on issues ranging from persistent cyber espionage to its economic claims to the South China Sea, John McCain said on Tuesday.
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Forecast update: Euro area in recession, US and China recover
FXstreet.com
While much focus is on the weakness in the euro area, we believe the increasing strength in the US and China will underpin risk appetite in coming quarters. The main unknown is the development in the euro crisis. China is expected to be an increasing
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US, Chinese Officials Discuss Food Safety
Voice of America
November 09, 2011 US, Chinese Officials Discuss Food Safety Stephanie Ho | Beijing Newspapers in China these days are filled with horror stories of egregious food safety violations, which are prompting Chinese people to be more aware of the food they
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Huaneng Power Leads U.S. Gains as Deutsche Bank Says Buy: China Overnight
Bloomberg
The Bloomberg ChinaUS 55 Index climbed 0.9 percent to a one-week high of 103.71 after Italian Prime Minister Silvio Berlusconi offered to resign, boosting optimism the nation will appoint a new leader who can tame the debt crisis.
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GM’s Earnings Drop 15%
Wall Street Journal
Optimism over the results is tempered by potential political and market uncertainty in the country, when all GM’s business is done through joint operations with Chinese companies. “China is a good market for us if it holds,” Mr. Akerson said.
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China’s No. 1 target is US, next is India: George W Bush
Economic Times
MUMBAI: Former US president George W Bush on Tuesday delivered a blunt warning to Indians about the intentions of China. The former president who has courted trouble in the past with his aggressive and overthe-top assertions said China was looking to
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China’s worsening hog disease fueling US exports
CattleNetwork.com
China’s purchases of US pork rose nearly six-fold during the first eight months of 2011, compared with the same period in 2010, according to US Department of Agriculture data. Robust exports contributed to a rally that sent Chicago hog futures to an
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‘Honey laundering’ from China through India to America
Firstpost
New York: Tainted Chinese honey full of untraceable antibiotics and heavy metals is being smuggled into India, then labelled and re-shipped into America, according to accusations in several US news reports. This scam related to Chinese honey carrying
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US Decision ‘Imminent’ on Probing China Solar-Dumping Claim
BusinessWeek
9 (Bloomberg) — The US government is close to deciding whether to launch an investigation into complaints by solar equipment makers led by the American unit of SolarWorld AG that Chinese rivals are waging unfair competition to dump photovoltaic panels
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US lawmakers stress import of ‘six assurances’
Taipei Times
Their letter says: “We noted that, during your recent trip to Asia, you commented on China’s reaction to the September 2011 US arms sales to Taiwan.” “While expressing appreciation for Beijing’s ‘professional and diplomatic’ reaction, you stated that
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Beijing amps up R&D competition with U.S.
Washington Times
That would have put at least a small dent in a USChinese trade deficit that has climbed to the highest ever between any two nations at nearly $300 billion a year. Just a 1 percent increase in exports to China would help create 100000 jobs in the US,
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China’s inflation falls, giving Beijing room to stimulate economy amid US
Newser
By JOE McDONALD | AP | Nov 8, 2011 11:19 PM CST in China’s stubbornly high inflation fell in October, giving Beijing room to stimulate the world’s No. 2 economy amid weak US and European growth. A woman looks at a selection of pork at a market in
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On first US tour, China National Acrobats stop at Quick Center
Danbury News Times
Photo: Contributed Photo / CT The National Acrobats of the People’s Republic of China visits Fairfield University for two performances on Saturday, Nov. 12. Photo: Contributed Photo / CT On its inaugural tour of the United States, the award-winning
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EU Poisted to Overtake US as Biggest Oil Importer
New York Times
By 2020, China should overtake the European Union to become the world’s biggest importer of oil, according to the Paris-based agency, which acts as a policy adviser to governments. “The US would be less and less vulnerable to oil price shocks,” Mr.
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Melissa Chiu: New USChina Forum
Asia Society
NEW YORK, November 8, 2011 — Asia Society Museum Director Melissa Chiu previews the upcoming USChina Forum on the Arts and Culture in Beijing. Source: http://asiasociety.org/blog/asia/new-uschina-forum-sends-top-american-artists-beijing.
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Is China More Prosperous Than the US?
Heritage.org (blog)
But Legatum has trumpeted an inaccurate finding that China has eclipsed the US on the narrow economic dimension of its measure of prosperity. This finding demonstrates the problems with comparing China to other countries, as so much Chinese data are
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APEC to give ties with US shot in the arm
China Daily
By Cheng Guangjin and Michelle Fei (China Daily) WASHINGTON – The upcoming Asia-Pacific Economic Cooperation (APEC) forum will help improve Sino-US relations and promote regional cooperation in the Asia-Pacific region, analysts said.
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China inflation, output create room for pro-growth steps
Reuters
Bank of America/Merrill Lynch economist, Ting Lu, said the sets of figures suggested his forecast that consumer inflation would drop to 4.6 percent in December may now be too high. Premier Wen suggested prices had continued to fall.
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DEBATE PREP: What if China Changes?
Heritage.org (blog)
The political debate over China seems familiar because they’ve been on the political table for years. Is China taking American jobs? How cooperative is the People’s Republic of China (PRC) on issues like nuclear programs in North Korea and Iran?
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Can Latin America Feed China?
Latin Business Chronicle
Another of China’s biggest South American trading partners is Venezuela, which in August of 2011 commenced the construction of a new agricultural equipment factory on a 26-hectare plot in Anaco, Venezuela. The funding was provided through a
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China faces hurdles to developing shale gas
AFP
The US Energy Information Administration estimates China has nearly 50 percent more “technically recoverable” shale gas than the United States, but analysts cautioned that the quality of such reserves was still not known. “China has very large gas
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America and China must crush Germany into submission
Telegraph.co.uk (blog)
One can only guess what is happening in the great global centres of power, but it would not surprise me if US President Barack Obama and China’s Hu Jintao start to intervene very soon, in unison and with massive diplomatic force.
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Why we don’t need Bush to scare us about China
Firstpost
That’s the alarmist message that a lot of US leaders are conveying to India with increasing vehemence. It’s the busy season for former US presidents and diplomats who have been dropping by to point to China as an existential threat to India.
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China Passenger-Vehicle Sales Slow After Deliveries of Minivans Fall 18%
Bloomberg
By Bloomberg News – Wed Nov 09 08:22:26 GMT 2011 The slump in demand in China is a contrast to the US, where vehicle sales last month rose at their fastest since February, according to estimates from Autodata Corp. The slump in demand in China is a
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UK and US Say Internet Censorship Won’t Work; China Begs to Differ
IEEE Spectrum
China was one of the countries represented at the conference, but this story by Reuter’s reported that its small delegation “… did not participate actively in the open sessions.” “At the invitation of the UK Foreign Secretary Hague, a joint Chinese
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UPS Survey: Asia Intra-Regional Trade to Grow as Labor Costs in China Rise
MarketWatch (press release)
ATLANTA, Nov 09, 2011 (BUSINESS WIRE) — Rising costs in China are prompting high-tech companies in Asia to explore alternative sourcing locations within the region as well as in North America, according to a new UPS-sponsored survey.
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Corporate-Espionage Trial Begins
NewsFactor Network
The trial of a Chinese-born American citizen accused of stealing secrets from a cell phone company knowing they would likely end up in the hands of China’s military began Monday in Chicago — in yet another case highlighting persistent fears about
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US, EU Press Iran Sanctions After UN Shows Atom-Bomb Work
BusinessWeek
Russian officials have said further sanctions would be counterproductive, and Russian and Chinese officials sought to water down the IAEA report before its release, according to US and European officials who weren’t authorized to discuss the diplomatic
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Chindex International, Inc. Announces CEO and President Roberta Lipson
Sacramento Bee
Ms. Lipson, the founder of the Company, has been an active member of the business community in China for over 30 years, She has served on the Board of Governors of AmCham-China, on the Board of Directors for the USChina Business Council,
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Over the Horizon: Defining Red Lines to Avoid War With China
World Politics Review
The authors of the RAND report are correct to observe that war between the US and China would probably result from a long-term series of miscalculations and misunderstandings, potentially ignited by a sudden change in circumstances.
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Retail volumes continue to increase in US, Germany and China
gulfnews.com
The BMW Group increased retail volumes in its three largest single markets of Germany, the US and China in the month under review. In Germany the company reported a 4.9 per cent increase in vehicle registrations. BMW reported a 2 per cent increase in
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Mindray Leads Declines on Earnings Forecast: China Overnight
BusinessWeek
Semiconductor Manufacturing, China’s biggest chipmaker, slid 5.1 percent to $2.62 after reporting a third-quarter net loss of $88.1 million. The Bloomberg ChinaUS 55 Index gained 0.7 percent. Mindray, based in Shenzhen, left its 2011 estimate for non-
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China’s Fast-Food Industry: Foreign Franchisers Influence Industry Development
PR Web (press release)
Fast-food revenue in China is forecast to increase by an average annualized 14.5% to reach US$147.0 billion in 2016. Growth in the number of Chinese enterprises is expected to slow considerably, however, due to increasing competition and expected
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China Nepstar Chain Drugstore to Report Third Quarter 2011 Financial Results
Sacramento Bee
Interested parties may access the replay by dialing +1-877-660-6853 (North America) or +1-201-612-7415 (International) and entering account number 286 and conference ID number 382739. China Nepstar Chain Drugstore Ltd. (NYSE: NPD) is China’s largest
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China’s Housing Bubble Past, And Its Future
Forbes
China’s housing market: when will it pop, and how loud of an explosion will it make when it goes boom? That seems to be the question on many investors’ minds. China is the No. 2 economy after the US, so avoiding a crisis in China is nearly as important
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Christian Bale’s The Flowers Of War Getting A Late December U.S. Release Date
Cinema Blend
His latest, a historical drama set in China during the 1937 Nanking Massacre, stars Christian Bale as American Catholic priest John Miller, who gets caught up in a movement of political escapees trying to survive during chaotic times.
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US wouldn’t stand up to cyber attacks
TechEye
According to Physorg, if anyone in the axis of evil decided to attack the US, its critical systems would roll over in a matter of minutes. China, North Korea, Iran and Russia could retaliate against the US’s military might by launching devastating
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