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U.S. China News 2011.11.21

Mon, November 21, 2011

Global economic outlook grim, China tells US
Reuters
China’s Vice Premier Wang Qishan makes a closing statement at the end of the USChina Strategic and Economic Dialogue at the Interior Department in Washington May 10, 2011. By Chris Buckley CHENGDU, China (Reuters) – Chinese Vice-Premier Wang Qishan
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China Bends to US Complaint on Solar Panels but Also Plans Retaliation
New York Times
The Chinese solar panel industry is also seeking legal advice on filing its own anti-dumping and anti-subsidy trade case against the United States with China’s Commerce Ministry, Chinese solar industry executives in Beijing said Monday.
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China Could Overtake US by 2027
Forbes
China could be the world’s largest economy by 2027 or earlier. O’Neill argues that the mechanisms for overseeing the global economy, particularly the G7, need overhauling so that they can better represent the interests of the more dynamic,
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US overtures may lure Myanmar from China
eTaiwan News
AP The first visit to Myanmar in a half-century by the top US diplomat opens a door for that nation’s military-dominated government to reduce its international isolation and dependence on a staunch but mistrusted ally: China. Secretary of State Hillary
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Republican Candidates and Obama Find Common Ground: China
New York Times
Mr. Romney, diplomats and other experts said, could be haunted by his harsh claims that China steals American technology and hacks into its computers, and his threat to declare it a currency manipulator on his first day in the Oval Office.
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Explosive Chinese demand for U.S. tree nuts boosts prices
TheGrower
By Vicky Boyd, Editor The market for US-grown treen nuts will continue to remain bullish for both the mid- to long-term, thanks mostly to explosive consumer demand from an increasing middle-class in China. Those were the findings of a recent report
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US to China: We See Your Anti-Ship Missile and Raise You a Hypersonic Bomb
Politic365
As the US defense budget has been targeted for cuts within programs designed to modernize and advance our fighting capabilities, China and Russia are spending the bulk of their dollars on doing the opposite. Most consider worldwide stability dependent
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Silvercorp buying Chinese mine company for US$22.7M
CanadianBusiness.com
Earlier this month, the company increased its quarterly dividend by 25 per cent, to 2.5 cents from two cents, after reporting a big jump in second-quarter profit to US$18.5 million from $12.4 million a year earlier. Silvercorp is China’s largest
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US Breeding Pigs Clear China’s Quarantine
ThePigSite.com
CHINA & US – According to the USDA’s Foreign Agricultural Service (FAS), on 31 August 2011, 1265 pure bred US pigs worth $3.8 million were shipped by air to South China following 45 days of quarantine (and the culling of six piglets).
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Spyhunting US pols to crawl up Huawei and ZTE’s ass
Register
By Brid-Aine Parnell • Get more from this author US lawmakers have launched an investigation into the threat of cyber espionage from Chinese telecoms firms operating in the US, singling out Huawei and ZTE. The House of Representatives committee on
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US Capital Market: Survive, Go Private and Beyond” at the 2011 Halter
MarketWatch (press release)
As part of the financial summit, HFG China is providing an in-depth conference on surviving the US capital markets or going private and possibly relisting on a different exchange in the future. Recently, many US-listed Chinese companies have
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Inside the mysterious US satellite hacking case
Register
The Congressional USChina Economic Security and Review Commission said in its latest annual report that two US-maintained environment-monitoring satellites experienced interference at least four times in 2007 and 2008. Draft versions of the dossier,
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China reacts to new US military base in Australia
People’s Daily Online
It will be American’s first long-term military expansion in the region since the Vietnam War. When asking about whether the military agreement will affect the ChinaUS and China-Australia relationships, Liu responded: “China has been actively promoting
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China To Leapfrog America In Nuclear Advances, Kachan Report Finds
San Francisco Chronicle (press release)
Breakthroughs intended to make nuclear power safer and cleaner are being commercialized in the US, Europe and elsewhere, but will take root first in China, finds a new report from Kachan & Co. Nuclear power has been criticized for being costly and slow
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US, China Agree to Deepen Ties on Intellectual Property Rights
BusinessWeek
21 (Bloomberg) — The US and China agreed to strenthen cooperation on addressing intellectual property rights violations after two days of trade negotiations, Deputy Minister of Commerce Wang Chao said. Wang, speaking at a briefing today at the
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US urged to ease high-tech export control
China Daily
But most of these products fell under the US export control regime, Zhang said. “If current practices continue, many US businesses will see opportunities easily lost,” he said. The ambassador also said ChinaUS business ties had brought tangible
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army exercises with China ‘a possibility’
The Australian
Defence Minister Stephen Smith said Dr Yudhoyono’s proposal of trilateral exercises involving Australia, China and the US were “interesting and a positive suggestion for possible consideration in the long term”. Mr Bleich said the US had made it very
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Australia claims China ties ‘cordial’ despite US troops
英文中國郵報
But while Southeast Asian nations fret over being squeezed between the competing interests of China and the United States, Indonesia at the same time is building up its own military cooperation with US forces. Gillard said she had also discussed the
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China spending big money to avoid Arab spring fever
CNN (blog)
“The party has created an extensive police and surveillance network to monitor its citizens and react to any potential threat to stability,” the USChina Economic and Security Review Commission stated in the report. The 12-person expert panel,
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China bends to US complaint on solar panels, but plans retaliation against
Fort Worth Star Telegram (blog)
Chinese solar panel manufacturers are preparing to shift steps in their production processes to South Korea, Taiwan and the US in response to the filing of a trade case against them in Washington. But the Chinese also are working on a way to retaliate
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Solyndra Workers Certified for U.S. Trade Assistance on China Competition
Bloomberg
By Eric Martin – Mon Nov 21 17:01:17 GMT 2011 The US Labor Department said it will announce a decision in the next week on whether former employees of Solyndra LLC get aid intended for workers hurt by overseas competition, after saying the application
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US sweeps China in a first round match of the FIVB Volleyball Men’s World Cup
bettor.com (blog)
The United States men’s national volleyball team had a match with the Chinese on the November 20th. They beat the Chinese in the opening round of the FIVB Volleyball Men’s World Cup campaign currently taking place in Kagoshima, Japan.
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China’s Hony Capital raising up to $2.6 billion: sources
Chicago Tribune
After years of focusing on their home turf, Hony and other China funds are expanding abroad, slowly but steadily moving across Asia and into parts of the Western market. Hony CEO Zhao told Reuters earlier this year that technology firms in the US,
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Analysis: Easy loans now a burden for China solar firms
Reuters
Majority of those debts are with Chinese banks and are due within a year. China’s support to its companies has angered US solar firms, which say Chinese producers can undercut American prices as they receive massive cash grants and other subsidies.
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US, Australia Expand Military Cooperation
Voice of America
Security experts have described the American moves as an unmistakable message to China. In Beijing, a Foreign Ministry spokesman expressed concern at the developments: (SOUND) Chinese spokesman Liu Weimin called for discussions about the increased
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Ford brings EcoBoost turbocharged engine to China
USA Today
By Chris Woodyard, USA TODAY Ford is taking its EcoBoost turbocharged engine to China. It is among the 20 new engines and transmissions that Ford says it will bring to China by 2015 in a bid to upgrade its entire powertrain portfolio in the world’s
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US Shifting Military Forces Closer to China
AllGov
In an effort to counterbalance China’s growing military prowess, the US is working to station naval and Marine forces in the Asia-Pacific region. The most controversial move, as far as the Chinese are concerned, is the decision to base some of the US
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US, China sign deals on high-tech trade, energy
MarketWatch
By Owen Fletcher BEIJING (MarketWatch) — China and the US on Monday signed a series of agreements covering areas that include energy cooperation and the trade of high-technology products. The agreements, signed at the annual USChina Joint Commission
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Darwinian: Obama Goes Post-Iraq in Oz, Republicans Race to the Past
Huffington Post
US standing has actually gone up since 2010, from 41%. Only in Vietnam, where of course the US fought a long, bloody, and disastrous war, and Malaysia are the US and China viewed with equal approval. China is not a favorite in any nation.
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Asia Stocks Fall on US Budget Impasse, Weaker Economic Growth
BusinessWeek
Longfor Properties Co., the developer controlled by China’s richest woman, Wu Yajun, tumbled 5.4 percent to HK$7.89. China State Construction International Holdings Ltd. sank 9 percent to HK$4.97. “Weakness” in China’s stocks may last until the end of
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How Should the US Begin its ‘Pivot’ to Asia and the Pacific?
National Journal (blog)
How much of this has to do with China? Should the US move even more troops to the Asia-Pacific region? Or, should there be an entirely new Pacific realignment? Beyond rhetoric, what else will be required for the US to make this pivot?
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China Mass Media Reports Third Quarter 2011 Unaudited Financial Results
MarketWatch (press release)
China Mass Media will host a conference call and live webcast at 8:00 am Eastern Standard Time (EST) on November 21, 2011 (9:00 pm Beijing Time on November 21)(9:2011). – International Toll Free Number: + 65 6723 9381 – US Toll Free Number: +1 866 519
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Will 2012 REALLY be the year of the cyberwar?
Computerworld
Is it a sophisticated hack from China or Russia that shuts down the US power grid? Is it a rogue group like Anonymous breaking into government sites? Is it all the spying China has been doing for several years now? And what about Stuxnet and Duqu?
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US stock futures signal weaker Wall St open
Reuters
Chinese Vice-Premier Wang Qishan warned on Monday the global economy was in a grim state and that an “unbalanced recovery” might be the best option, at talks where senior US officials said the mood at home towards China was souring.
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US, Britain, Canada team up on new Iran sanctions
GoErie.com
The report’s release has sparked frenzied international diplomacy over how to halt the Iranian threat, with President Barack Obama pressing the leaders of Russia and China little more than a week ago to join the United States and its partners in taking
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US/EU debt concerns and global growth implications
FXstreet.com
It saw 2011 deficit of no more than €25B vs. initial view of deficit of €48.4B – US Trade Rep Kirk stated that the US and China saw more challenges on trade issues. The US and China did make some useful progress on intellectual property protection – US
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Analysis: Mexico sees life beyond US export market
Reuters
China’s share of Mexican exports now nears 2 percent, making it the biggest market outside North America. When NAFTA began, exports to China were worth less than 0.1 percent of the US total. Portugal bought goods more from Mexico.
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Hoku Establishes Tianwei Module Sales Division for North American Market
MarketWatch (press release)
About Tianwei New Energy Holdings Co., Ltd. and Baoding Tianwei Group Co., Ltd. Tianwei New Energy Holdings Co., Ltd. is based in Chengdu, China, and has total combined assets of approximately 2.7 billion Yuan (US$ 400 million).
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Asianet: Next generation of American leaders identify China as a threat
Zamboanga Today Online
The data is particularly relevant as President Barack Obama tours Asia, and it reveals the opinions of young Americans on issues such as US debt and indebtedness to China, a variety of economic challenges, and domestic concerns.
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Yen, Dollar Gain as Outlook for US Debt Talks Buoys Safety Bid
BusinessWeek
New Zealand’s currency, nicknamed the kiwi, lost 1.3 percent to 74.66 US cents and was 1.4 percent weaker at 57.40 yen. China’s yuan was little changed at 6.3616 versus the US dollar after Premier Wen Jiabao told US President Barack Obama that his
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US HOT STOCKS: Gilead, Pharmasset, Alleghany, Regeneron
Wall Street Journal (India)
The deal values eLong’s American depositary shares at about $23, a 65% premium to its Friday closing price at $13.97. Copper mining company Freeport-McMoRan Cooper & Gold Inc. (FCX, $35.60, -$1.34, -3.63%) has agreed to pay Chinese copper smelting
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