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U.S. China News 2011.11.12

Sat, November 12, 2011

Testy summit exchange offers peek at U.S.China rivalry
Reuters
HONOLULU (Reuters) – As if anyone needed further proof of the depth of USChina rivalry in the Pacific, an unusually testy exchange at a trade summit on Friday laid bare the strains between the world’s two biggest economic powers.
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Chinese ratings agency threatens US with new debt downgrade
The Guardian
The head of China’s biggest ratings agency, Dagong Global Credit Rating, is warning that it may downgrade the US’s sovereign debt rating again because of Washington’s failure to tackle the federal budget deficit. The remarks by Dagong’s chairman,
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U.S.China tensions colour APEC meet
The Hindu
This week even the stunning sunset-and-white-sands setting of Hawaii was not enough to take the edge off sharp divisions between United States and Chinese delegates in Honolulu for a summit meeting of the Asia-Pacific Economic Cooperation organisation.
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US CEOs meet with China president
Seattle Post Intelligencer
“Certainly the economic giants, China and the United States, will be competing with each other for many, many years to come. We need to find a way to do that within the parameters of the international trading schemes,” said Doug Oberhelman,
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China state paper accuses US over free trade deal
Ahram Online
The piece slammed remarks by US Secretary of State Hillary Clinton last week on human rights in China and her description of the Trans-Pacific Strategic Economic Partnership (TPP) as an agreement of values as well as trade. The editorial, headlined “US
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US‘ military base in Australia to counter China
Zee News
Washington: The US is planning to set up a military base in Australia to counter the growing Chinese threat. According to the new plan, about 500 to 1000 American officers would be permanently stationed at Robertson barracks outside Darwin,
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US or Them? China the Bogeyman
RT
China, who’s holding huge cash reserves, may offer the best chance of help for debt stricken countries. But the rise of the Asian giant with its financial might is not met with open arms by the US. As Adriana Usero explains. Dr Caroline Heldman from
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USChina military hotline eases ties
Zee News
Beijing: Top military officials of China and the US and the defence ministries of both countries have held multiple phone conversations since a hotline was set up in 2008, China’s ministry of national defence has said. The hotline was twice halted as
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USChina solar trade dispute heats up
UPI.com
11 (UPI) — A coalition of US solar manufacturers has called for anti-dumping and anti-subsidy cases against Chinese solar panel manufacturers. Testifying before the International Trade Commission, two executives from SolarWorld Industries America Inc.
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Wage Gap With China Continues To Shrink, Which Will Mean More Manufacturing
Daily Markets
In other words, the days of endless, cheap Chinese labor are limited.” MP: The chart above illustrates the shrinking manufacturing wage gap between the US and China, as wages increase in the US at about 2% compared to 15-20% wage increases in China
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US retailers say China essential to their futures
China Daily
He also predicted that China will become the leading market for luxury goods by 2020. Both French and Matthew Shay, president and CEO of the National Retail Federation, met with Chinese retailers, manufacturers, other businesses and US and Chinese
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US CEOs meet with China president
Newsday
Click here US CEOs meet with China president Originally published: November 12, 2011 12:05 AM Updated: November 12, 2011 12:28 AM By The Associated Press JAYMES SONG (Associated Press) (AP) — A small group of executives from some of the largest US
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How to Help Chinese Students
The Diplomat
By Kevin Slaten This week, China Power blogger Jiang Xueqin wrote about the struggles of Chinese students to assimilate into US universities’ student life. He attributes this social problem to the fundamental differences between Chinese and American
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China’s Wealthy Consider Immigrating To US, Canada
Neon Tommy
China’s rich, however, reportedly invested 51 percent of overseas assets into real estate and nearly 30 percent into foreign exchange deposits. Their investments were typically directed toward more developed countries like Canada and the US The
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China Telecom to Launch Service in The US [China Telecom Plans To Launch
TFTS (blog)
China Telecom’s US subsidiary is planning to launch a service in the United States. The service is geared toward Chinese-Americas in particular along with students and tourists who go to and from the US and China frequently. In particular, the service
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US-based Kaleidoscope Expands to China, Maximizing Opportunities for Fortune
Benzinga (press release)
And finally, we could develop projects with manufacturers in China seeking strategic design expertise to globalize their domestic brands. The opening of K’SCOPE in China will enable us to help our partners navigate the strategic design and product
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China Will Attempt to Drive Political and Economic Wedge Between Canada and
Ottawa Citizen (blog)
“It wouldn’t be China if it wasn’t looking for a chance to detach Canada from its big southern neighbour and to exploit the resentment many Canadians feel about the United States,” said Ferguson. “There will be more friction between China and the US in
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Exclusive: U.S. watchdog faults audits of accounting controls
Reuters
A meeting planned for October between US and Chinese regulators to talk about inspections was canceled by the Chinese, possibly because of leadership changes at their regulatory body, Doty said. Late last month, China announced the appointment of Guo
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China’s Rising Imports Of American Goods
istockAnalyst.com (press release)
Many other US companies have been growing in China over the past several years. In fact, USA Today recently reported that China is America’s third-largest export market, with the total US exports of electronic, agricultural and other products to China
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US adds consular staff to meet international demand
China Daily
International students on average pay far more for tuition expenses than US residents. According to statistics provided by the US Department of Commerce, around 801000 Chinese visited the US in 2010, and those visitors contributed more than $5 billion
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America’s new red scare
RT
Shannon, a DC resident as well, echoes that statement, going as far to say “in a business sense and an economic sense most countries do just work with China as any other country. I don’t know where the fear comes from the US about China.
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‘New York Times’ op-ed calls on US to sell out Taiwan
Taipei Times
By William Lowther / Staff Reporter in Washington The Taiwanese community and foreign policy analysts in the US were shocked on Friday when the New York Times published an op-ed article calling on US President Barack Obama to sell out Taiwan for China.
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Enter the Yuan
Barron’s
By KOPIN TAN | MORE ARTICLES BY AUTHOR By the end of the decade, China wants to establish the yuan as a reserve currency that could someday challenge the almighty buck. The US dollar is the currency of the world, but that dominance could begin to erode
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Aquino: China a ‘work in progress’
Manila Bulletin
During the Panel Discussion on Commodity Security For Economic Growth, President Aquino emphasized that the Philippines has sent a lot more than China sends to us. He said this in reaction to a comment by a Chinese businessman in the audience that the
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Tsang promotes closer US trade partnership
China Daily
As an important gateway for China, Hong Kong will also benefit from further economic cooperation between China and the United States, he told an afternoon luncheon in Washington, on Wednesday. “We have been given a spearhead role in the
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US Firm to Advise China on Nuclear Power
China Digital Times
As part of the deal disclosed on Friday, instructors from Chicago-based Exelon will be stationed at Qinshan Nuclear Power Station in China’s eastern Zhejiang province. The initial consulting deal is a small one and is slated to last only through
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The US Should Not Cooperate with China on Space Program
PolicyMic
What Bolden says may be true if there was “transparency” and “reciprocity” between the US and China; however, we are unable to trust China to keep its hands off our confidential government documents or private corporate ideas.
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Opinion: Has GM recovery peaked?
USA Today
It has since wrested the global sales lead away from Toyota and is now gaining market share in both the US and China, the world’s two largest automobile markets. Europe. GM suffered a pretax loss of $292 million in Europe last quarter and CEO Dan
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Joel Brinkley: China obsessed with Occupy Wall Street
St. Augustine Record
The Lexis-Nexis news service shows that on the very day that column ran, the American news media carried 282 stories about the movement, and in the weeks before, the total was 631. So I called the author, Chen Weihua, deputy editor of China Daily USA.
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FOREIGN POLICY DOSSIER: Mitt Romney
National Journal
He has not offered specific plans for how the US should address China’s military buildup. “If you are not willing to stand up to China, you are going to get run over by China,” he said in an October debate, and pledged to punish China for currency
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Official decries lax mining safety
China Daily
that despite improving safety standards, China’s coal mines still face “a grim situation” to curb accidents. “The latest coal mine accidents ring the alarm, warning us that accident prevention is a complex, difficult, and urgent task,” Zhang said.
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Factbox: Six things to watch for in Republican debate
Reuters
This may be the best chance for candidate Jon Huntsman to shine, since the former US ambassador to China has the most diplomatic experience among the candidates. Look for all of them to declare the United States must retain the world’s mightiest
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Experts show faith in China’s innovations
China Daily
Innovation in China is not only a theme of the country’s 12th Five-Year Plan, which concerns the years from 2011 to 2015, but is also a hot topic in the US. In New York, at least one large conference on Chinese innovation has taken place each month
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Analysts: Russia, China Ready to Block New UN Sanctions on Iran
Voice of America
He says Russia and China are less threatened by the thought of a nuclear armed Iran than the United States for several reasons. “When the United States is thinking of all the things that could go wrong if Iran got nuclear weapons, it is thinking about
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FOREIGN POLICY DOSSIER: Jon Huntsman
National Journal
By Kevin Baron Former US Ambassador to China Jon Huntsman is, well, an ambassador. He knows something about the world, he says, because has lived overseas four times. So when it comes to foreign policy, Huntsman sounds decidedly like a grown-up in a
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U.S. must invest now to safeguard leadership: diplomat
Reuters
On the line is America’s ability to act as a free-market model in a world where powerful, centralized systems such as China’s are on the rise, the State Department’s top economic official Robert Hormats said. “We have to demonstrate that the political
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For Obama, a day of heavy diplomacy in Hawaii
istockAnalyst.com (press release)
But Obama’s talks with Hu and Medvedev on that issue and others, including the North Korea nuclear threat, and China’s currency, which the US believes China manipulates to the detriment of US interests, were sure to be closely watched.
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