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U.S. China News 2011.11.13

Sun, November 13, 2011
President Barack Obama talks with Chinese Pres...

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Obama Puts Pressure on China as US Asserts Asia Influence
BusinessWeek
“Although there are areas where we continue to have differences, I am confident that the USChina relationship can continue to grow in a constructive way based on mutual respect and mutual interests,” Obama said. In private, Obama “made it very clear”
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Obama seeks US jobs, prods Russia, China for unified response on Iran nuclear
Washington Post
Neither Russian President Dmitry Medvedev nor Chinese President Hu Jintao publicly echoed Obama’s push for solidarity over Iran. Obama did announce the broad outlines of an agreement to create a transpacific trade zone encompassing the United States
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China’s Hu says big yuan rise won’t help US
AFP
BEIJING — China’s President Hu Jintao said a big rise in his country’s exchange rate would not help the United States, in comments published Sunday following a US warning over the level of the yuan currency. “Even if the yuan rises substantially,
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No ray of sunshine in US, China dispute
Sydney Morning Herald
THE US and China are gearing up for a trade war that could catch American users of solar energy in the crossfire. The US Commerce Department last week opened an investigation sought by US manufacturers who accuse the Chinese of ”dumping” solar panels
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Sinopec Rises as NY Index Rallies Third Week: China Overnight
BusinessWeek
The Bloomberg ChinaUS 55 Index advanced 1.8 percent to 102.72 on Nov. 11 for a weekly gain of 0.5 percent, driven by commodity and utility companies. China Petroleum & Chemical Corp., Huaneng Power International Inc. and Yanzhou Coal Mining Co.
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Obama: U.S. has gotten ‘lazy’ about foreign investment
USA Today
Obama made the comment while meeting with CEOs during the Asia-Pacific Economic Cooperation summit; one participant asked the president what China might consider as impediments to investment in the United States. The US is still the largest recipient
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China’s Hu Says Yuan Appreciation Won’t Solve US Problems
BusinessWeek
13 (Bloomberg) — The US trade deficit and unemployment are not caused by the yuan exchange rate and a “large” appreciation in the currency won’t solve US problems, Chinese President Hu Jintao said in comments posted on the foreign ministry’s website
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U.S. at China’s Mercy for Rare Earth Minerals
Human Events
by Alicia Powe The United States is entirely dependent on Red China for rare earth minerals, as environmental zealots strangle the American rare earth manufacturing industry, threatening national security and prospective economic growth.
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Huntsman says he supports US foreign aid for some countries, continued ties to
Washington Post
The former Utah governor and President Barack Obama’s first ambassador to China also supports a continued US relationship with Pakistan, linking continuing financial assistance to reform, stability in the country and expanded markets.
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US official says Congress not mulling abandonment
Taipei Times
He said no serious member of the US Congress was considering the proposals increasingly heard from academic circles to abandon Taiwan. “Would sacrificing Taiwan result in China taking a firmer line on North Korea or Iran’s nuclear programs?
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China says US credit downgrade is likely
UPI.com
12 (UPI) — The chairman of China’s Dagong Global Credit Rating said it was likely the agency would downgrade the US credit rating a third time. Dagong was the first agency to downgrade the United States, lowering its rating from AA to A+ in 2010 and
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New US defense body could focus on Chinese threat
Taipei Times
A2/AD would be a critical component of China’s strategy in any attempt to take Taiwan by military force, using those capabilities to delay or prevent US entry into the conflict on Taiwan’s side.
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Soybean Prices May Extend Drop on Higher Output, Slower Demand From China
Bloomberg
The soybean complex is “very bearish” because of the large US inventory, increasing dominance of South American supplies, and “very flat” import growth in China, said Emily French, managing director at ConsiliAgra. The company is a Chicago-based grain
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Notable & Quotable
Wall Street Journal
US Secretary of State Hillary Clinton speaking at the East-West Center in Honolulu on Nov. 10: US firms want fair opportunities to export to China’s markets and a level playing field for competition. Chinese firms want to buy more high-tech products
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China unlikely to budge on thorny South China Sea dispute
Reuters
It gathers senior officials or leaders from Southeast Asia, China, Japan, India, Australia, South Korea and New Zealand. US President Barack Obama is also due to attend this year. Diplomats say the South China Sea will most likely be raised during the
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Bachmann: America Should Be Less Socialist… Like China
TPM
Michele Bachmann thinks America blew it by extending a safety net to millions of Americans under President Johnson’s “Great Society.” Her solution? Model the economy after communist China. “The ‘Great Society’ has not worked and it’s put us into the
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‘Fabricating’ the China market
The Australian
THE Chinese student boom in the US is underwritten by fabrication, according to the New York Times. “College officials and consultants say they are seeing widespread fabrication on applications, whether that means a personal essay written by an agent
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Chinese community enriched with immigrants from a small province
Rochester Democrat and Chronicle
Many attribute the origins of the ChineseAmerican-style buffet to the new wave of immigrants from Fujian. The Fujianese often open buffet-style restaurants because, while food costs are higher, labor costs are lower, says Jennifer 8.
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Chinese market adds wrinkle to ailing Northwest logging industry
NRToday.com
The timber industry in Oregon has shifted a large portion of its effots to overseas exportation, especially to China. Most of the shipments have consisted of raw logs, driving up log prices and leaving many saw mills idle. China’s effect on the US
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Nuechterlein: Dealing with China, diplomatically
Richmond Times Dispatch
Regrettably, the American media, the public and Republican presidential hopefuls show far more interest in Iran, Syria, Israel and Afghanistan. Why? The absence of any flare-up in USChina relations is a major reason. In addition, most Americans are
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China scores “breakthrough” win on San Diego Bay
SignOnSanDiego.com
But to China Team, Saturday afternoon’s victory in the soggy second race of the prelims to San Diego Bay’s stop on the America’s Cup World Series tour is something to celebrate. “This gives us an awakening,” said China Team vice president Noelle
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Anti-US talk is Green vitriol
Herald Sun
I mean instead the claim that this will just anger China and make us a military target. Take Dr Glenn Mitchell, convener in history at Wollongong University, who warns: “While the base in Darwin – which is not a base – might satisfy America’s military
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Adopt tough stand against China: Mitt Romney
Zee News
On that basis, the US can also go before WTO and bring an action against China as a currency manipulator, he said. “That allows us to apply selectively tariffs where we believe they are stealing our intellectual property, hacking into our computers or
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Top 10 US-Listed Chinese Stocks with Highest Momentum: SPRD, SNP, CHL, CHU
China Analyst
China Petroleum & Chemical Corp. (ADR) (NYSE:SNP) has the 2nd highest price momentum in this segment of the market. It is trading at 95.1% of 52-week high. Its price change was 12.3% for the last 4 weeks. China Mobile Ltd. (ADR) (NYSE:CHL) has the 3rd
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What Will China’s Energy Demand Be In 20 Years?
Forbes
In 2035, China consumes nearly 70% more energy than the US, which will be the second-largest consumer, even though by then per-capita energy consumption in China will still be less than half the level in the US China is consuming a lot of energy,
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Investors ditch TWD for safer US-based assets
China Post
The China Post news staff–The New Taiwan dollar last week depreciated 0.54 percent, in line with declines in other major Asian currencies as investors took shelter in US dollar-based assets amid concerns over the European debt crisis.
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RMB exchange rate adjustment no solution to US trade deficit: minister
Xinhua
HONOLULU, United States, Nov. 12 (Xinhua) — Chinese Commerce Minister Chen Deming said the Chinese currency’s exchange rate is at a basically reasonable level and adjusting the rate can’t solve the US trade deficit with China.
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Massive Chinese set-top box orders favour locals
Register
The tender for this round of 2012 devices is just complete and will only take the giant operator through to June 2012, with more to be ordered down the road in 2012, and in almost every case the supplier is Chinese, although it is likely that the US
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No. of Chinese Applying for US Alien Investor Visa Increases
Arirang News
The number of Chinese nationals applying for the US alien investor’s visa increased 11 fold over the past four years. A Chinese daily reported Sunday that more than 900 Chinese individuals have been approved as immigrant investors in the US this year,
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Does Michele Bachmann Really Want the United States To Be More Like China?
Slate Magazine
“If you look at China, they don’t have food stamps,” she said. “They don’t have the modern welfare state, and China’s growing,” she exclaimed, adding: “And so what I would do is look at the programs that LBJ gave us with the Great Society and they’d be
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CBS News/NJ GOP debate: Winners and losers
CBS News
If we do go to war with Iran we will need to borrow money to do so and who do we borrow from China? China wont give us money to attack Iran. They may actually demand payment of what we owe currently. Even though Ron may be the oldest candidate he
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Hello again America, it’s just like you never left
The Australian
Clinton and former secretary of defence Robert Gates aver that being back in Asia means a robust reiteration of US strategic interests in the region: specifically, the right of the US Seventh Fleet to untrammelled passage through the South China Sea
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Obama Pushes Trade Deal in Bid to Bolster US Foothold in Asia
BusinessWeek
It would also help the US regain economic influence it has ceded to China in a region that contains sea lanes vital to world commerce, as well as coal, oil and other commodities. “There’s no region in the world that we consider more vital than the
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Caterpillar Bid Lifts ERA Mining Shares By 21% In Latest HK Takeover
Forbes
Caterpillar’s shares rose by 4.3% in US trading yesterday following word of its expansion in China and elsewhere. The US equipment maker’s shares have gained about a fifth in the past year. ERA’s main asset is Zhengzhou Siwei Mechanical & Electric
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China’s economic rise hasn’t brought moves toward democracy
MiamiHerald.com
Trade between the United States and China reached some $457 billion last year. Fueled by its seemingly endless exports, Beijing now holds more than $1.1 trillion in American Treasury debt. At the same time, the US Congressional-Executive Commission on
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Perry: My foreign aid budget starts at zero
CBS News
It was truly cringe worthy. by tsigili November 13, 2011 11:19 AM EST It is ridiculous, that the US owes China a trillion dollars in debt, and gives 10 million to China, gratis, in foreign aid. That is simply ludicrous. That is only the tip of the
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Cain Joins Romney in Demanding Stronger Action on Iran
BusinessWeek
If the Pakistani state were weakened, terrorists might get access to those weapons, said Bachmann, a member of the intelligence committee in the US House. Asked how he would counter China’s attacks on US computer networks that lead to theft of
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Burgundy Soars as Chinese Buyers Grab $69000 Cases at Auction
BusinessWeek
At the Wine Future 2011 conference in Hong Kong the following day, critic Jancis Robinson voiced the concern that many outside of Asia have: Will thirsty China suck up all the great Burgundy, leaving none for the rest of us? (Elin McCoy writes on wine
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Muslim hardline group protests outside US Embassy against Obama’s upcoming
Washington Post
JAKARTA, Indonesia — Members of a hardline Muslim group have protested outside the US Embassy against President Barack Obama’s upcoming visit to Indonesia. More than 1000 members of Hizbut Tahrir rallied outside the US Embassy in Jakarta on Sunday.
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Analysis: Arab moves isolate Assad, West intervention unlikely
Reuters
China and Russia, veto-holding members of the UN Security Council, blocked European and US efforts to obtain a resolution which would have condemned Syria’s crackdown and could have paved the way for UN sanctions. The EIU’s Phillips said Saturday’s
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Uganda: Ulterior motives in US, LRA fight
GlobalPost
Museveni has said that he supports the deal because the Chinese, who also have oil interests in neighboring South Sudan, have the clout necessary to fulfill their obligations to him. The US has noted China’s growing influence in the region as the
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Road to U.S. recovery goes through Rome
MarketWatch
By MarketWatch The US economy is huffing and puffing, but at least it’s moving in the right direction. Not so in Europe, and that poses a problem on both sides of the Atlantic. See full story. After two weeks of market-moving data from China,
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What If Every Country Had As Many Cars As The U.S.?
Wall Street Journal (blog)
By WSJ Staff America loves to drive. At last count, there were 248 million registered cars, trucks and buses in the US, or 809 for every thousand people. Only tiny Monaco boasts more cars per capita. China has 46 vehicles per thousand people,
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