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U.S. China News 2011.11.10

Thu, November 10, 2011

China, Russia resist US push for stiffer Iran nuclear sanctions (video)
Christian Science Monitor
US lawmakers have pushed for crippling sanctions on Iran’s nuclear program, citing this week’s report as reason for urgent action. But veto-wielding Russia and China are likely to block new UN sanctions. By Ariel Zirulnick, Staff writer / November 10,
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US Weekly Jobless Claims Decline; China Export Growth Slows
123Jump.com
12:20 PM New York – US stocks gained on positive earnings and a sustained rise in Chinese trade. Market sentiment was bolstered at the opening after Italy completed the sale of €5 billion of bonds and the parliament is set to vote on economic bill this
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China criticizes US agenda for APEC forum
Channel News Asia
BEIJING: China has criticized the US agenda for the upcoming Asia-Pacific Economic Cooperation (APEC) forum, but analysts say Beijing does not intend to seek a leadership role. Instead, it hopes to play the role of a constructive participant during the
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Chinese Manipulation Of U.S. Currency
Seeking Alpha
It also doesn’t actually matter what the balance of trade is with China. The effects of the manipulation will manifest themselves among some trading relationship. It could be that the US and China had no bilateral trade at all.
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Chinese Students In US Colleges
WBUR
(flickr/marcus6464) For American colleges that want to go global a natural place to look for students is China. There are billions of them. The Chinese want American college degrees; and American colleges want diversity, not to mention students who can
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U.S. Military Bemoans Its China Counterfeit Problem
Business Insider
[C]ommittee staff members were stopped in Hong Kong and refused visas into China by officials who warned that their investigation was “sensitive and could be damaging to USChina relations.” (Washington Post) I don’t know the details here,
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China Telecom reveals US MVNO plans
TeleGeography
Speaking to Bloomberg, Donald Tan, president of China Telecom Americas, indicated that the company plans to primarily target the ChineseAmerican population, as well as students and tourists who travel between the two nations on a regular basis.
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Obama Goes East Saying US Unbowed With Intel’s 67% Asian Sales
BusinessWeek
The US, likewise, sees China as both partner and rival. “Ours is a very complicated relationship,” said Burns. American diplomats look to China for assistance in stabilizing the global economy and containing North Korea. Daily ChineseUS two-way trade
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US Sept trade deficit narrows; China imports slow
Reuters
WASHINGTON Nov 10 (Reuters) – The US trade deficit unexpectedly shrank in September to its narrowest level since December on record-high exports, while the flow of imports from China slowed. The seasonally adjusted trade deficit was $43.1 billion,
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US and China: How India must play its cards
Rediff
He identified Pakistan, China and the US-India bilateral economic approach as the three key ‘difficulties’ that will shape the US-India partnership ahead. Wisner made the astounding remark that there is no issue more important to the US-India
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US Marine base for Darwin
Sydney Morning Herald
In the view from Beijing, everything the US is doing in the western Pacific is designed to bolster resistance to the Chinese challenge to US primacy. ”In Washington and in Beijing, this will be seen as Australia aligning itself with an American
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ITC: US industry injured by wood flooring from China
Furniture Today
WASHINGTON — The US International Trade Commission voted Wednesday that the US wood flooring industry has been injured due to imports of unfairly priced Chinese-made wood flooring. The 4-2 vote means that the US Department of Commerce can begin
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Expanding US Arms Sales To Asia Will Help Contain China
defpro
US arms sales and technology investments with the region will be an important factor in ensuring a balance of powers in the region and dissuading China from using force to achieve its policy objectives. With arms sales comes training,
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Chinese Visitors to US Soar as Market Matures
Travel Market Report
by Rik Fairlie SHANGHAI –– Inbound travel to the US from China is skyrocketing. Arrivals from China (excluding Hong Kong) are forecast to increase a whopping 274% between 2012 and 2016. It’s the fastest growth –– by far –– of any country, according to
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US unlikely to contain China’s rise
People’s Daily Online
Reporter: What are the characteristics of America’s current Asia policy? How are Asian countries reacting to the policy? Shen Jiru: Properly managing relations with China is at the core of America’s current Asia policy. The Chinese and US economies are
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Analysis: China looks across Asia and sees new threats
Reuters
US President Barack Obama waves as he meets China’s President Hu Jintao before the start of the G20 Summit of major world economies in Cannes November 3, 2011. By Chris Buckley BEIJING (Reuters) – Heads of government attending Asian summits hoping to
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IMF seeks clarity in Italy, China wants stability
Reuters
She also said she believed Chinese authorities were prepared to let the yuan appreciate further, as demanded by many US and other western politicians who accuse Beijing of holding its currency artificially low to give an unfair advantage to its
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New York Global Group Congratulates China Fire & Security Group, Inc. on the
MarketWatch (press release)
10, 2011 /PRNewswire via COMTEX/ — New York Global Group, Inc., a leading Asia focused private equity and corporate advisory firm congratulates China Fire & Security Group, Inc. on its successful US$265 million merger acquisition at US$9 per share led
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U.S. Trade Gap Shrinks
Wall Street Journal
The trade gap with one of the US’s biggest trading partners, China, fell marginally to $28.06 billion. Imports from the country fell to $36.42 billion while exports were trimmed to $8.37 billion. Still, the massive trading gap will likely continue to
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US adds more consular staff in Brazil and China to cope with extra visa demand
Expat Forum
‘Over the past year we’ve seen an unprecedented rise in visa demand in emerging economies such as China and Brazil,’ said Ed Ramotowski, managing director for US visa services. Officials have processed more than one million visa applications in China
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China’s innovative surge is genuine
China Daily
China needs to be very selective of where to learn from,” said Kao, adding that he sees the Chinese government’s strong involvement as a sign of strength. Kao believes that while competition will always exist between the US and China,
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China assumed de facto control of Gilgit Baltistan: US
Economic Times
WASHINGTON: Claiming that Chinese personnel have assumed the de-facto control of the Gilgit-Baltistan region, a Washington-based think-tank told US lawmakers that the area would end up like Tibet and East Turkestan if China’s unwarranted interventions
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Why Romney’s Wrong on China
TheStreet.com
Brands(YUM), not to mention all the industrial companies that are expanding there, are all taking advantage of China’s hunger for US products. Yum! Brands had 4000 stores in China at the end of 2010 with the number of stores growing 14% year-over-year
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Rising Wages in China Good for Glocals, But Few Jobs Coming Back
Money Morning
As China’s competitive advantage in wages erodes, some analysts have predicted a wave of jobs returning to the United States from China. A recent study by the Boston Consulting Group (BCG) forecast a return of 2 million to 3 million jobs by 2020.
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China’s ‘Breathable’ Pollution Breaks Index
Bloomberg
A $20000 device sitting atop the US embassy, located blocks from the city’s monitor, had different words to describe the evening. China’s unprecedented speed of industrialization has made it the global leader in many categories, including pollution.
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US Pacific Fleet Says J&K, Arunachal in China
IBNLive.com
CHENNAI: Close on the heels of a Chinese envoy’s ‘shut up’ remark over an incorrect Indian map recently, details have emerged that the United States Navy’s Pacific Fleet, the world’s largest fleet command encompassing 100 million square miles,
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HK’s economy helps create jobs in US: Tsang
China Daily
More than 50000 American citizens live in Hong Kong and tens of thousands of Hong Kong residents have studied in the US, Tsang said. “Hong Kong has a pivotal role to play in the future ChinaUS relations,” said Martin Indyk at the Brookings Institution
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Link with China expanding at USC
Daily Trojan Online
By Cursta McCullom · Daily Trojan Events focused on the relationship between the United States and China this week highlight the increasingly strong ties USC has forged with China. Clayton Dube, associate director of the USC USChina Institute said he
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Inside China
Washington Times
By Miles Yu An inflammatory commentary published in China on Tuesday calls for Beijing to challenge US “hegemony.” The report, headlined “We Cannot Imitate the US; China Has the Obligation to Impede Hegemony” appeared in the official communist
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Ultra-Wealthy in US to Outnumber Those in Asia Until 2032
BusinessWeek
The ultra-wealthy in California, New York and Texas currently exceed the combined total for China and India, according to the report. US wealth managers are hiring “hundreds of advisers” to handle the assets of the country’s super-rich and the five top
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Syrian Crackdown Prompts China to Join Russia in Appeal to Halt Violence
Bloomberg
While China is the second-largest consumer of crude oil after the US, Russia sold $6.8 billion of arms to Syria between 2003 and 2010. China and Russia vetoed a United Nations resolution last month that sought to pressure Syria’s government to end
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Oil rises towards $113, US jobs data helps
Reuters Africa
EURO ZONE TROUBLES Signs of robust demand in the world’s top oil consumers the US and China was enough to temporarily dim concerns about the spread of the European debt crisis to Italy and the impact it could have on demand. “There is enough demand for
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Sina Leads Index Drop on Biggest Loss in Decade: China Overnight
San Francisco Chronicle
10 (Bloomberg) — Chinese shares traded in the US fell the most in a month, led by Internet companies, after Sina Corp. reported the biggest quarterly loss since 2000. The Bloomberg ChinaUS 55 Index tumbled 3.7 percent to 99.90, as surging Italian
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Goldman selling up to $1.54 billion in China ICBC stake
Reuters
The sale also comes at a time when several European and US banks are under pressure to raise capital. In August, Bank of America sold a $8.3 billion stake in China Construction Bank (601939.SS) and a Wall Street Journal report this week said BofA was
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EU’s Van Rompuy: US, China should also act to save global economy
Monsters and Critics.com
Brussels – The eurozone’s debt crisis is not the only problem affecting the global economy, the European Union’s president, Herman Van Rompuy, said Thursday, urging the United States and China to address their own issues. In a special Winston Churchill
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MY Reports Third Quarter 2011 Unaudited Results with Solid Growth in Revenue
MarketWatch (press release)
In addition, the US$5 billion in potential financing from China Development Bank Corp. (“CDB”), a government policy bank wholly owned by China’s central government, between 2011 to 2015, can supply additional support for our new wind power projects and
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GOP candidates at debate: Italy is Europe’s problem
Los Angeles Times
You start a trade war if you start slapping tariffs randomly on Chinese products,” the former US ambassador to China said. “You start a trade war if you start slapping tariffs randomly on Chinese products based upon currency manipulation.
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Jobless claims fall, September trade gap narrows
Reuters
US stocks gained. The trade report also showed a narrowing of the politically sensitive deficit with China. China has allowed its yuan currency to appreciate 4.3 percent over the last year as the Asian giant tries to rebalance its economy toward
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US funding cut would harm UNESCO
China Daily
By Cui Haipei (China Daily) BEIJING – Experts warned the United States against cutting off its funding to UNESCO in response to Palestine joining the UN cultural body, noting that its projects have already been undermined by a shortage of funding.
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US Pacific commander warns of tactical errors
英文中國郵報
HONG KONG — The US Seventh Fleet commander said Wednesday he was not worried about a major conflict in Asia but about small incidents with unpredictable consequences in areas such as the South China Sea. Vice Admiral Scott Swift said
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Analysis: Euro zone failure could be vast geopolitical shock
Reuters
“For India, China and many of the other new powers, they don’t see simply a crisis of the euro zone,” said Kleine-Brokhoff at the George Marshall Foundation of the United States. “They see a crisis of the rich world and it makes them even more
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‘Hunger Games’ to be released in China
Variety
By Dave McNary Lionsgate’s franchise-starter “The Hunger Games” will be released in China next year as one of the 20 US films allowed annually into that territory by the Chinese government. Lionsgate’s motion picture group president Joe Drake made the
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US, Europe Blamed for Disappointing Asian Economic Figures
Voice of America
November 10, 2011 US, Europe Blamed for Disappointing Asian Economic Figures VOA News Sagging demand in the United States and Europe is being blamed for a wave of disappointing economic figures from across East Asia Thursday. China reported a sharp
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