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U.S. China News 2011.11.17

Thu, November 17, 2011

US naval move in Australia may help India take on China
Times of India
BEIJING: The US move to create a naval base in northern Australia close to the South China Sea can actually mean more dollars in the Indian kitty, and put more strategic and business opportunities in New Delhi’s way, sources said.
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China gives cool response to US military activity in Australia
Christian Science Monitor
“They are sending a clear cut message to China, that America is back and wants to hold down or roll back China,” says Zhu Feng, a professor at Peking University’s School of International Studies. “This will not facilitate diplomatic cooperation.
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US, Philippines boost alliance amid row with China
eTaiwan News
The US has angered China by saying it has a stake in security and unhampered international commerce in the South China Sea. China says American involvement will only complicate the issue. The Philippines, whose poorly equipped forces are no match for
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US assures Philippines of 2nd warship amid South China Sea territorial disputes
Washington Post
MANILA, Philippines — The United States will provide a second warship to the ill-equipped Philippine military as it confronts China in increasingly tense territorial disputes in the South China Sea, a Philippine official said Thursday.
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ASEAN Leaders React to Planned US Marine Base in Australia
Voice of America
Hariyadi Wirawan, a professor of international relations at the University of Indonesia, says the news could lead to increased tension between the United States and China at the East Asia Summit and could hamper efforts by ASEAN leaders to craft a code
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Artists Gather in Beijing for First USChina Forum
Voice of America
Thursday, 17 November 2011 Artists Gather in Beijing for First USChina Forum Stephanie Ho | Beijing As the United States and China continue an ongoing debate about weighty issues of bilateral relations and foreign policy, artists from both countries
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US FDI into China declines in October
China Daily
By Ding Qingfen (China Daily) BEIJING – Direct investment from the United States to China continued to decline in October, partly as a result of the reshoring of manufacturing activity and the rising cost of labor in China, according to the Ministry of
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A Solar Trade War With China Would Hurt US Industry
Forbes
By Mike Hall There have been a number of high-profile actions taken against Chinese companies that export solar photovoltaic modules to the United States, the most recent of which was a complaint lodged with the federal International Trade Commission
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China’s hogs need US beans
Agriculture.com
When it comes to soybeans, Jerry Gidel is a bull in China’s shop of food imports. China’s huge soybean market accounts for two of the three reasons the analyst thinks export demand for US soybeans will remain strong in the marketing year that started
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US and China fret over Taiwan vote
Asia Times Online
The US has a strong interest in seeing Taiwan’s democracy continue to flourish and in the conduct of free and fair elections. Taiwan is a vibrant democracy that is widely viewed as a vanguard for political development in Asia and a role model for China
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Celebrities bring US soft power to China
AFP
BEIJING — Director Joel Coen, cellist Yo-Yo Ma and chef Alice Waters were among the US celebrities in Beijing Thursday to launch a high-profile arts and culture forum, part of a soft power push into China. The forum aims to bring American and Chinese
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Rabobank Says China’s Changing Economy Good News for Many American Farmers
MarketWatch (press release)
“As the Chinese middle class grows, so will the demand for almonds, walnuts, pistachios, pecans and hazelnuts. This is good news for growers here in the USChina has long been viewed across many industries as a threat to the US marketplace.
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China morning round-up: US Asia policy under fire
BBC News
The Chinese edition of Global Times described reactions from the Chinese and US authorities as “bickering”; a commentary piece in the overseas edition of People’s Daily appeals for calm. In a separate Chinese editorial, Global Times appeals for China
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US kept in the dark on access for China
The Australian
AUSTRALIA failed to tell the US it was allowing China to use a satellite ground station in Western Australia to assist its space program, despite that program being known to have a military component. The embarrassing admission coincided with the visit
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US lawmaker and rights critic denied China visa
Sacramento Bee
AP WASHINGTON — A US lawmaker says he has been denied a visa to China to visit a detained human rights lawyer. Republican Rep. Chris Smith chairs the US Congressional-Executive Commission on China. He wants to visit Chen Guangcheng, who is under house
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Ties with US, China: All is well, says government
Rediff
While the delegation accompanying Prime Minister Dr Manmohan Singh [ Images ] on his 9th India-Asean summit said that the India-China relationship was a ‘complex’ one, they also emphasised that India-US relations were in good shape, reports Saisuresh
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US: China, India Pressure Oil Markets With Growing Demand, Causing Price-Rise
RTT News
(RTTNews) – The United States has named China and India as the main countries putting greater pressure on global oil markets with increasing demand, which leads to rise in prices. This was stated by Carlos Pascual, US Special Envoy and Coordinator for
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US hotels expand their reach into China
USA Today
By Nancy Trejos, USA TODAY Several US hotel chains are ramping up their push into China, pledging to build dozens of properties there in the next three years. Sheraton, owned by Starwood Hotels and Resorts Worldwide, announced on Wednesday plans for
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Most Asia Stocks Fall as China Can’t Ease, Fitch Warns on Crisis
BusinessWeek
17 (Bloomberg) — Most Asian stocks fell as China’s pledge to keep inflation controls sent mainland developers lower and Fitch Ratings said a further spread of Europe’s debt crisis poses a “serious risk” to US banks. China Resources Land Ltd.,
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US panel calls for tough measures against China
Hindustan Times
It asked the Congress to direct the US Department of Commerce to report annually on Chinese investment in the United States including, among other things, data on investment in the United States by Chinese State Owned Enterprises and other
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US regulators play hardball, China plays hard to get
Accountancy Age
The meeting was to follow on from accounting watchdog the PCAOB’s visit to Beijing this summer, when Doty and co went to talk up the case for joint USChina audit oversight. Its outcome was a little uncertain; the PCAOB’s strongest line was that both
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Selling Taiwan to Mainland China: The Author Explains His ‘Swiftian’ Intent
The Atlantic
By James Fallows Last week I made fun of a New York Times op-ed that recommended a grand strategic bargain to resolve several big USChina tensions at once. The Chinese would write off the trillion-dollar-plus debt owed by America.
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China spacecraft returns to Earth after docking test
Reuters
The spacecraft’s return is the latest show of China’s growing prowess in space, alongside its growing military and diplomatic influence, at a time when budget restraints and shifting priorities have held back US manned space launches.
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Fareed Zakaria: Time for China to Grow Up
TIME (blog)
China has been in the news this week on two different fronts: first, as a political brick likely hurled around during the upcoming US Presidential elections and, second, as the often unspoken subtext behind much of President Barack Obama’s summitry
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Lawmakers criticize US aid to China despite trade issues, creditor status
China Post
In fact, it helped American companies trying to do business in China. And the idea for the aid? That actually came from Congress when it was under Republican control. Aid to ChinaUS$275 million worth over 10 years — has been approved while control
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Charlotte looks to China to energize its economy
China Daily
Six US governors, including Beverly Purdue from North Carolina, journeyed to China in mid-October to participate in the second session of the ChinaUS Governor’s Forum. The governors all admitted their mission was attracting investment from China while
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Fitch: China Remains Growth Market for US Corporates Despite Signs of Slowing
MarketWatch (press release)
The full report ‘Consensus for a Soft Landing in China; What US Corporates are Saying’ is available at ‘ http://www.fitchratings.com ‘. Included in the report is a summary of 3Q’11 earnings comments from corporate management across most corporate sectors
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Everest Group: China’s Global Services Market Projected to Grow 20-25 Percent
MarketWatch (press release)
DALLAS, Nov 17, 2011 (BUSINESS WIRE) — Global services exports revenue in China is projected to increase to US$9.5-10 billion by 2015 at a CAGR of 20-25 percent from US$3.5 billion in 2010, according to Everest Group, an advisory and research firm on
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China Yuan Down Late On PBOC Guidance; Slower Rise Seen
Wall Street Journal
Offshore, the yuan rose against the dollar in both the nondeliverable forwards and spot markets, as some players bet that China might eventually speed up the pace of yuan appreciation amid ongoing ChineseUS tensions on the currency front.
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Chinese state group offers US$1 billion for Brazil-based mining company
Macauhub
Shanghai, China, 17 Nov – Chinese state group Shandong Gold Group Co. Has made an offer of US$1 billion for Jaguar Mining Inc., a Canadian mining company with its headquarters in Belo Horizonte, Brazil, The Wall Street Journal reported citing a source
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Book Talk: Gish Jen on identity, belonging and home
Reuters
When they say ‘oh, you’re a ChineseAmerican writer,’ well, I am a ChineseAmerican writer, but I’m not sure that ChineseAmerican writer means the same thing to me as it does to the people who are labeling me. To me, ChineseAmerican writer means
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China’s Millionaires Looking for Way Out
International Business Times
In 2008, Chinese tourists-not only millionaires but also middle-class travelers-spent an average of $7200 each, adding a whopping $3.6 billion to the US economy. China’s super-rich would spend even more. A good start would be to offer residential visas
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Countering China, Obama asserts US a Pacific power
Newsday
Click here Countering China, Obama asserts US a Pacific power Originally published: November 15, 2011 3:34 AM Updated: November 17, 2011 2:47 AM By The Associated Press BEN FELLER (AP White House Correspondent) (AP) — Signaling a determination to
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China Sunergy Announces Third Quarter 2011 Financial Results
PR Newswire (press release)
Operating cash outflow in the third quarter was US$92.8 million. Cash Position: As of September 30, 2011, the Company had cash and cash equivalents of US$188.1 million. Financing in place: In August 2011, China Sunergy entered into agreements for
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Number of Foreign Students in US Continues to Rise
Voice of America
Peggy Blumenthal at the institute says Chinese students are now studying throughout the United States. PEGGY BLUMENTHAL: “Ten, twenty years ago, students from China only knew of a handful of US institutions, but now they are enrolling in our community
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US women earn Olympic berth for 2012 Games at volleyball World Cup with win
Washington Post
“We have one more match tomorrow, but we’re going to London and that’s a great, great thing for us.” Italy already sealed a place at the 2012 Olympics with Wednesday’s win over Germany. Either Japan or China can secure an Olympic berth on the final day
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Businesses say Chinese Internet control undermines trade
Nextgov
As the country that led the way in developing the Internet, the United States must likewise lead the effort to hold the Chinese government accountable, Black said. Gilbert Kaplan, president of the Committee to Support US Trade Laws, said China imposes
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General Motors to Test Chinese Plug-in Vehicle Market With Volt
BusinessWeek
GM will be first among the world’s largest automakers to sell a plug-in car in China, where rivals including Daimler AG and Nissan Motor Co. also plan to introduce similar models. Electric-car sales in China are forecast to exceed those in the US by
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China Life Drags NY Stocks Lower as LDK Falls: China Overnight
Bloomberg
The Bloomberg ChinaUS 55 Index declined 1.5 percent to 101.39. China Life, the nation’s biggest insurer, tumbled 6.1 percent, the most in three months, to $40.15. LDK, a Chinese maker of solar wafers and panels, lost 6.8 percent to $3.16 after
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SolarWorld taking steps to file China trade complaint in Europe
Bizjournals.com
The company’s Hillsboro-based solar panel and module-making division last month led a group of six US solar manufacturers in filing a formal trade complaint with the US Department of Commerce and International Trade Commission claiming China’s
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Stocks Fall on Debt Costs; U.S. Futures Rebound on Jobs, Housing
San Francisco Chronicle
17 (Bloomberg) — Stocks fell for a fourth day, the longest stretch of losses in two months, and commodities declined as Spanish and French borrowing costs rose and China’s central bank said it’s not ready to loosen inflation controls. US index futures
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Bye American: Flaccid Economy Drives U.S. Residents Abroad
Minyanville.com
Yet, for all the movement away from the United States and toward galloping economies like that of China’s, America still retains a particular cachet in one area. The Institute of International Education and the State Department’s Bureau of Educational
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