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U.S. China News 2011.11.11

Fri, November 11, 2011

How Will China Respond to Greater U.S. Military Presence in Australia?
TIME (blog)
(Photo: Department of Defence / Getty Images) US plans to station troops in Australia to help counter China’s growing clout might be expected to provoke cries of indignation from Beijing. But the development, which President Obama and Australian Prime
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US to station troops in northern Australia as fears of China’s Pacific
Telegraph.co.uk
The US Marines are reportedly due to be positioned at the Robertson barracks in Darwin, effectively the nearest mainland Australian military base to China. But the fresh US presence would also involve additional use of aircraft of air bases in the
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Hu touts China trade as potential fix for US woes
Reuters
USChina trade relations could be “limitless,” President Hu Jintao said on the sidelines of the Asia-Pacific Economic Cooperation summit in Honolulu, during a meeting with the US Chamber of Commerce and major companies, including Wal-Mart and FedEx.
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US presses China ahead of Asia-Pacific summit
AFP
HONOLULU — The United States on Thursday pressed China for reform on human rights and its economy, making a bid to set the rules for a fast-growing Asia as it welcomed Pacific Rim leaders to a Hawaii summit. As police sealed off Honolulu’s famed
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Clinton declares “America’s Pacific century”
Reuters
Clinton later met Chinese Foreign Minister Yang Jiechi for talks on global and bilateral issues. A senior State Department official said China recognized a US role in the region. “We are a fact on the ground in the Asia-Pacific region and I think China
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U.S. seeks to manage global economic shift to China
Reuters
Hormats said the TPP, which now involves talks among the United States, Australia, New Zealand, Brunei, Vietnam, Malaysia, Singapore, Chile and Peru, could cover issues that have bedeviled the USChina economic relationship including the role of
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China Telecom Plans to Launch Mobile Service in US
PCWorld
By Michael Kan, IDG News China Telecom plans to launch a mobile service in the US geared for Chinese-Americans, students and tourists who frequently travel between both countries, according to a company spokeswoman. China Telecom’s US subsidiary is
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China’s e-commerce market could top US‘ by 2015, study finds
Los Angeles Times
China’s online shopping market could reach 2 trillion RMB, or $15 billion, by 2015, which would surpass the United States‘, according to research by Boston Consulting Group. The study found that within five years, most of today’s online shoppers in
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US May Rival China in JoCompetiveness Soon: Analysts
CNBC.com
Slowing wage growth in the United States, coupled with rising wages in China and other emerging markets, could soon make the US more competitive. “There are other factors at play here, from access to services, high technology and innovation,
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US-Born Chinese Flock Back to China
Haute Living
“When I saw ‘the Chinese,’ I have a separate identity from them, though nor can I relate 100% to being a white-bread American.” Hsu has lived in Australia, Taiwan, Japan and the US before moving to Shanghai and notes, “I’m ChineseAmerican,
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US and China on brink of trade war over solar industry
eTaiwan News
The United States and China are gearing up for a trade war that could catch US users of solar energy in the crossfire. The Commerce Department in Washington on Wednesday opened an investigation sought by US manufacturers who accuse the Chinese of
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US vs. CHINA
Foreign Policy (blog)
One is of a broken-down drunk and the other is of the post-military Rambo-like figure that is inches away from losing control because he cannot readjust to American society. Often, they are surprised that I do not fit into these stereotypes making
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Crude jumps on Europe moves, data from US, China
Reuters
as investors saw some progress in Italy’s efforts to solve its debt problems and US data showed a slight improvement in the economy, beefing up appetite for risk. Prices had already risen in early trade as data showed that China, the world’s No.
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US Should Learn From China, Not Fear Its Rise: Jonathan Alter
BusinessWeek
But for now the military technology gap between the US and China remains huge. On Nov. 5, we were allowed to visit a People’s Liberation Army base outside Beijing. The Type 88 tanks we saw, built in the 1980s, looked like antiques.
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USChina Film: Gold Rush at What Price?
Hyphen Magazine (blog)
From China’s viewpoint, it’s money. Co-productions with US studios have not reaped the rewards. At the US China Film Summit presented by the Asia Society, it was uniformly agreed that while the possibilities are wide open for the China market,
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Politics stymie China’s EU aid offer
Reuters
Including the yuan in the SDR is important to China because the IMF unit is a basket of the currencies in which most global trade is settled — US dollars, euros, Japanese yen and sterling. If the yuan were in the basket, that would dent the dollar’s
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America’s Edge: China’s Socialist System of Laws with Chinese Characteristics
The Atlantic
I had just returned from China yesterday and was in town for a few hours before having to take off again so I grabbed a China Daily to catch up on what China wanted us folks at the Watergate to know about all things Middle Kingdom.
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Energy, Utilities Companies Lead Advance in U.S. Trading: China Overnight
Bloomberg
The Bloomberg ChinaUS 55 Index climbed 1 percent, the most in a week, to 100.89 at the close of trading in New York. Oil producers from Cnooc Ltd. (883) to PetroChina Co. gained as Sinochem Corp., the nation’s fourth-largest producer, plans an initial
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Exclusive: US watchdog faults audits of accounting controls
Reuters
The US Securities and Exchange Commission announced later on Thursday that it had charged China-based Longtop Financial for deficient financial reports. A meeting planned for October between US and Chinese regulators to talk about inspections was
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US military equipment fitted with fake Chinese parts
The Voice of Russia
When China became the world’s leading electronics producer, the shops’s shelves became inundated with Chinese products. US Senators demanded that the Chinese close down their black electronics market, and even the Chinese Ambassador to the US was
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Oil Riches Pile on China Doorstep as Clashes Delay Drilling
BusinessWeek
“It’s essential for China to ensure it ends up with as large chunks of assets as it can get in its vicinity.” China surpassed the US as the world’s largest energy user last year, using 2.4 billion tons of oil equivalent.
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Asian Stocks Rise on U.S. Jobless Data, Easing Europe Concern
San Francisco Chronicle
“Until we get some clarity and some political leadership both in Europe and the US, the markets are going to continue to be volatile.” Sinopec, as the Chinese oil refiner is known, gained 3.1 percent to HK$8.28 after parent China Petrochemical Corp.
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Photo Release — Harsco Slag Utilization Project With China’s TISCO Praised
MarketWatch (press release)
“This type of cooperation between companies from the US and China is proof that environmental stewardship is a job-creating enterprise, one that will reap benefits in both of our countries.” Shanxi Province Governor Wang, Jun added that the project is
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US Farm Exports Jump 27% to Record on China Buying
BusinessWeek
10 (Bloomberg) — US farm-product exports surged 27 percent to a record $137.4 billion in the year ended Sept. 30 as agricultural prices rose and China boosted purchases of soybeans and cotton, according to the government. China became the biggest
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Town hall to cover USChina relations
La Crosse Tribune
The cultural divide between students in the United States and China is clear, but the two countries are closer than ever because of globalization. A 6 pm forum on Wednesday at Viterbo University will strive to help people comprehend the relationship
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Chinese Applicants Experience Roadblock in Getting U.S. Visa
Retirement Planning
by Corrina Zabella on November 11, 2011 Chinese applicants struggle on getting their US visas and have to wait for as much as sixty days to settle an appointment on the United States consular locations which process their visas.
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Chinese arrivals offset US drop to Aus
eTravelBlackboard – Asia Edition
More China-based travellers are making their way into Australia, with short-term arrivals from China spiking by 22.9 percent in September this year compared to the corresponding month last year. According to figures released by the Australian Bureau of
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Clinton Presses China on Trade, Human Rights Issues
Voice of America (blog)
US Secretary of State Hillary Clinton is urging China to allow its currency, the yuan, to appreciate in value, remove barriers to trade and take steps to improve human rights. Secretary Clinton spoke Thursday before the East-West Center in Hawaii,
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A meeting of minds, or USChina faceoff?
China.org.cn
Despite this, the meeting appears to be a faceoff between the US and China. The Obama administration is focused on three themes: deepening regional economic integration, promoting green growth, and strengthening regulatory cooperation.
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UK Payments Council, Chinese Audits, ECB Moves: Compliance
BusinessWeek
China should permit US inspectors to review auditors in that country to improve investor confidence in the books of US-listed firms, said James Doty, chairman of the board overseeing US-registered auditors. Doty told reporters at a conference in New
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Sinopec signs $3.5 billion deal for Galp’s Brazil oil asset
Reuters
The deal marks China’s latest move to win influence over Western-owned energy assets to feed its fast-growing economy. It is also Sinopec’s major purchase in Brazil in just a year after it made a $7 billion purchase from Repsol (REP.
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As China’s rich grow in numbers, so do their mobile aspirations
CNN International
“As of April this year, China has 960000 millionaires with personal assets of 10 million yuan (US$1.5 million),” says Rupert Hoogewerf, chairman of the Hurun Research Institute, which compiles China’s rich list. “It has 60000 super-rich with 100
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Goldman Sachs Latest to Sell Off Shares in Chinese Bank
China Briefing
On November 9, Goldman Sachs sold off 1.75 billion of its shares in the Industrial and Commercial Bank of China (ICBC) and raised nearly US$1.1 billion in proceeds. While for the time being, the massive retreat of US financial institutions from their
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Caterpillar banks on China growth with ERA deal
The Associated Press
ERA is China’s third-biggest producer of hydraulic roof supports for coal mines. US-based Caterpillar, which announced the offer on Thursday, says expanding in the mining industry is one of its top priorities. The deal would “help our Chinese mining
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Allegheny, ConAgra, Green Mountain, Harman: US Equity Movers
BusinessWeek
The world’s largest maker of construction and mining equipment offered as much as HK$6.89 billion ($885 million) to buy ERA Mining Machinery Ltd. to expand sales in China. ConAgra Foods Inc. (CAG US) lost 1.9 percent to $24.84 for the third-biggest
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“Ugly Babies”: Art of jailed Nobel-winner Liu’s wife
Reuters
“France is the country that is the most indifferent to human rights in China,” said Sorman, who says he hopes the exhibition will generate greater enthusiasm when it moves on, first to the campus of Columbia University in the United States and later to
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Should We Sell Taiwan?
Business Insider
Unfortunately, the muddled thinking about China’s foreign currency reserves, what they are and what they are good for, are almost certain to go on confusing policymakers on both sides of the USChina relationship.
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As Europe eyes China, Japan may be the suitor to watch
Reuters
Research by Deutsche Bank estimates that European and US lenders are ready to sell about $2.1 trillion of non-core assets, with about $1.3 trillion of that likely to be sold by European banks. Most of these assets are project finance and property loan
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China tops Canada as No. 1 US farm export market
Reuters Africa
WASHINGTON, Nov 10 (Reuters) – China, the world’s largest importer of cotton and soybeans, has topped Canada to become the No. 1 market for US farm exports for the first time, the Agriculture Department said on Thursday. US exporters sold $20 billion
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Clinton urges China to put pressure on Iran
AFP
HONOLULU, Hawaii — US Secretary of State Hillary Clinton urged China to use its influence to raise pressure on Iran after new charges that the Tehran regime is pursuing nuclear weapons, officials said. Clinton, meeting with Chinese Foreign Minister
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North America, China airlines work renewable biofuels into regular flights
EcoSeed
Photo by United Airlines Three North American airlines are beginning commercial biofuel flights, while China flag carrier Air China conducted its first sustainable biofuel flight as air carriers worldwide seek to bring down their operations emissions
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