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U.S. China News 2011.11.18

Fri, November 18, 2011

Secretary Clinton Acknowledges that China Questions US Motives in the Pacific
ABC News (blog)
So there’s a lot of reasons why we are making it clear that we’re back and we’re back to stay. gty 2 hillary clinton dm 111118 wb Secretary Clinton Acknowledges that China Questions US Motives in.
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U.S. Intelligence Panel Probes Huawei, ZTE Expansion for Security Threat
Bloomberg
“This jeopardizes our national security and hurts US competitiveness in the world market.” The investigation is part of increasing US government scrutiny of economic espionage by China. US intelligence officials called China the world’s biggest
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The Circuit: Young kids’ app use, Syria surveillance, ChinaUS investment
Washington Post (blog)
China appeals for investment in face of probe: Chinese officials asked Washington not to “politicize our economic cooperation” as the US government looks into the ways that Chinese companies may or may not be used by foreign governments for
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US ambassador urges China not to interfere in business
Reuters
By Terril Yue Jones BEIJING Nov 18 (Reuters) – China should allow domestic and foreign companies to make investment decisions without government interference, the US ambassador to China said on Friday. Gary Locke also said the United States would work
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China bristles at US troop build up
GlobalPost
“Australia surely cannot play China for a fool. It is impossible for China to remain detached, no matter what Australia does to undermine its security,” the paper wrote in an editorial. “If Australia uses its military bases to help the US harm Chinese
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China Returns To US Treasury Mkt With Record Breaking Purchase For Year
Forbes
China bought more US Treasury bonds in September than it has in more than a year. According to US Treasury data released this week, China bought $11.3 billion in US government debt, its highest monthly purchase since March 2010.
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Zoellick Says Europe May Get Support From China, US Via IMF
BusinessWeek
18 (Bloomberg) — Countries from China to the US may be willing to support Europe through the International Monetary Fund if the region’s policy makers agree on a plan to stem their debt crisis, World Bank President Robert Zoellick said.
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China Sees Decline In US Corporate Investment
Forbes
Are US companies returning to their home base? Not in droves, but in some cases a stronger Chinese yuan and political incentives to return home led to a decline in US foreign direct investment in China, the country’s Ministry of Commerce said Thursday.
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Myanmar engagement “not about China,” US says
Reuters
NUSA DUA, Indonesia (Reuters) – The US decision to engage Myanmar should not be seen as an attempt to encircle or contain China and is a development that should be welcomed by Beijing, US officials said on Friday. After President Barack Obama announced
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US defence chief calls China, India ‘threats’
Reuters India
Obama declared America was “here to stay” as a Pacific power. Pentagon spokesman Captain John Kirby moved to correct the record, saying Panetta believed that relationships with both China and India were absolutely vital. “Any suggestion that he was
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Gov’t Report Warns of Chinese Plans to Cripple US Space Defenses
DailyTech
The potential of a Chinese cyber-attack crippling US defense satellites is an alarming one. I. Foreign Nation Gains Access of Two US Satellites in 2007-2008 The disturbing commentary on the satellite breaches was published by the USChina Economic and
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USChina Trade Dispute Could Halt Demand for JA Solar and ReneSola Products
MarketWatch (press release)
If those protesting are successful, it could mean duty charged on solar equipment which could have a negative effect on companies with operations in China. Earlier this week The Coalition for American Solar Manufacturing (CASM) called on a group of
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Two US satellites pwned in ’07, ’08; new report blames China
ITworld.com
The ability to compromise another country’s satellites would be a critical advantage in war or any lesser conflict, and China appears to be well ahead of the US in its ability to attack satellites physically and digitally, according to a report (PDF)
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USChina relations call for determined diplomacy
The Korea Herald
It is essential for Japan to pursue strategic diplomacy with the United States and China if effective international rules are to be worked out to ensure peace and prosperity in the Asia-Pacific region. Japanese Prime Minister Yoshihiko Noda met with US
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Dim Sum Market Gives Indian Bank Cheaper Dollars Than US: China Credit
Bloomberg
By Fion Li and Anurag Joshi – Fri Nov 18 03:33:39 GMT 2011 A man walks by an advertisment for Renminbi bonds, so-called Dim Sum bonds, in Hong Kong, China. Yuan deposits in Hong Kong more than quadrupled to a record 622 billion yuan in the last four
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Slowing Chinese Real Estate Prices a Big Risk to America
Wall Street Pit
By Michael Lombardi Nov 18, 2011, 12:17 PM Author’s Website Falling Chinese real estate prices are becoming a big concern…and the after-effect could reach America. Sixty-six million people live in Beijing, Shanghai, Guangzhou and Shenzhen and these
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China issues economic warning over US ties in Asia-Pacific
The Australian
China’s state-run media says nations that side with the US in the Asia-Pacific will be punished economically. Source: AP CHINA’S state-run Global Times says nations that side with the US in the Asia-Pacific will be punished economically, while warning
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Cultural icons from US and China come together
China Daily
By Chen Nan (China Daily) BEIJING – With a performance by Memphis-born street dancer Charles “Lil’ Buck” Riley and a piece of ancient Mongolian folk music rendered by cellist Yo-Yo Ma, the four-day USChina Forum on Arts and Culture kicked off on
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US Business Leaders Complain About China’s Web Control
PCWorld
While the Chinese government blocks US services such as Facebook, Twitter and Flickr, similar Chinese services are growing in China with little censorship, Black said. Some Web content blocked from appearing on US-based sites in China appears on
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Liberia: Govt, China and FAO Sign Tripartite Agreement Worth US$1.2 Million
AllAfrica.com
The Governments of Liberia, the People’s Republic of China and the United Nations Food and Agricultural Organization (FAO) have signed a South-South Cooperation (SSC) Tripartite Agreement valued at approximately US$1.2 million.
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US clothing retailers try to expand into China and Japan to cash in on Asia’s
Columbus Dispatch
As the American market continues to sputter and China’s continues to boom, US retailers are updating business plans to include the world’s second-largest economy as well as the rest of growing Asia. Just as Louis Vuitton, Gucci and Apple have erected
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Senior CPC official urges “stable development” of ChinaUS ties
Xinhua
“The stable development of the ChinaUS relationship is not only related to the interests of the people of the two nations, but also to the peace, stability and development of the whole world,” Li told the delegation from the Center for American
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China Says Docking Mission Step to Space Station
ABC News
It docked twice with the Tiangong 1 module, which remains in orbit, during a mission proving China capable of successfully docking by remote control. Early US astronauts did so manually. “It represents a major breakthrough for our country’s space
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Shell’s China Moves
msnbc.com
Shell wants PetroChina’s help in gaining access to the mainland, China’s newly hot gas fields, and its energy-hungry consumers. The US Energy Information Administration said in April that Chinese shale may hold 1275 trillion cubic feet of gas,
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Rapid increase in new arrivals from China and India to US
Times of India
PTI | Nov 18, 2011, 08.27AM IST WASHINGTON: People from China and India top the number of newly arrived foreign nationals in the United States, except for those from the American continent, the Census Bureau said. The Bureau in its latest report said
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US looking out for Philippines, Obama tells Noy
Philippine Star
By Aurea Calica (The Philippine Star) Updated November 19, 2011 12:00 AM 0 BALI – US President Barack Obama on Friday told President Aquino that the US was “looking out” for the Philippines now embroiled in a territorial spat with China.
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GM to Test Chinese Plug-in Vehicle Market
Bloomberg
(GM) Chevrolet Volt is displayed for sale in a showroom in Colma, California, US 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
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New marketing channels in China for US fruits
Fruitnet.com
According to the USDA, Chinese consumers bought US$310000-worth of California grapes through TV home shopping channels between October 2010 and August 2011. Susan Day, vice-president of international marketing for the California Table Grape Commission,
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ASEAN has stake in good Sino-US relations
China Daily
By Zheng Yangpeng (China Daily) BEIJING – As the United States adopts a high-profile posture to engage in Asia, some ASEAN members have voiced reluctance to choose sides between US and China, and wishes that the two powers in the region could cooperate
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Defence Force chiefs move to placate China unease over US alliance
The Australian
But Australia’s top military official says concerns the USChina relationship could heat up as a result are hypothetical, and he has backed the strong relationship between the ADF and the People’s Liberation Army to smooth over concerns.
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US lawmakers concerned over rights violations in Tibet
TwoCircles.net
By IANS, Dharamsala : Three US lawmakers have expressed concern over human rights violations in Tibet and asked the US ambassador to China to collect first-hand information on self-immolation protests, the Tibetan government in exile said Friday.
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China starts dumping probe into U.S. boxboard
MarketWatch
By MarketWatch BEIJING (MarketWatch) — China launched a dumping probe Friday into folding boxboard imports from the US, the Ministry of Commerce said in a statement. The probe is the latest in a series of trade spats between the world’s two largest
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House panel votes for F-16s for Taiwan
Reuters
China opposes US arms sales to Taiwan on the grounds that they sabotage Beijing’s plans for reunification. Beijing deems Taiwan a renegade province and has never renounced the use of force to bring the island under its control.
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Youku Sinks on Quarterly Loss as NY Index Falls: China Overnight
BusinessWeek
The Bloomberg ChinaUS 55 Index fell 2.2 percent to 99.2, the lowest since Nov. 1. Youku, the biggest online-video site in China, sank 16 percent in New York, the most since September, after the company said Nov. 16 it lost a larger-than-forecast 7
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Art Market ‘Darlings’ Can’t Escape Ai Weiwei
Wall Street Journal (blog)
AP It seems you can’t really talk about art in China today without bringing up Ai Weiwei. Even though a Friday panel for the USChina Forum on the Arts and Culture was focused on culture and commerce, China’s most well-known and controversial artist
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The Chinese Business Lawyers Association Announces New Directors
MarketWatch (press release)
We are excited by the diverse backgrounds of this incoming leadership team, and we believe this diversity demonstrates the growing importance and reach of the ChinaUS relationship.” Simon Mui, an attorney in the Shanghai office of law firm Devevoise
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Analyst Spells Out U.S. Interests In Pacific Rim
NPR
He’s also executive vice president of the Center for AmericaChina Partnership. Joining us now is Thomas PM Barnett. He’s the chief analyst for Wikistrat. That’s a firm that offers geopolitical analysis. He’s also executive vice president of the Center
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Obama and GOP United on (Hypocritical) China Policy
Business Insider
US oil does not come through the Straits of Malacca or the South China Sea. In short, the threat China poses to America is not a military or national security threat. Indeed, it is not clear that China even poses a threat to America so much as America
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Nicole Brodeur Foreign students help us
The Seattle Times
More than half of those students are from China, a country that just this week boosted its holdings of US Treasury notes to a total of $1.15 trillion — making it the largest foreign holder. In other words, China kind of owns us — and the foreign
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U.S. Containerized Exports Climb for 8th Consecutive Quarter
Sacramento Bee
Westbound trans-Pacific trade for the third quarter rose 10.4 percent year-over-year to 1653158 20-foot-equivalent units, pushed by a surge in exports to China. The top market for US exports, China followed its second quarter increase of 6 percent with
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US leading indicators rise 0.9%
ForexLive (blog)
Does that mean that US, China, etc. are liable as well for the… HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure.
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Investment: Big Global Investors Flee Europe For The US, China
International Business Times AU
The survey results not only suggest global and regional fund managers remain cautious about Europe, but are concerned about the US debt position, and happier with emerging markets, especially China. So, as a result of these concerns fund managers are
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