Skip to content

U.S. China News 2011.11.24

Thu, November 24, 2011

US faces down China with much-trumpeted Burma visit
The Guardian (blog)
As Aung San Suu Kyi surely appreciates, American policy is never wholly altruistic. A much bigger agenda lies behind the decision to re-engage Burma’s civvy-suited generals: Washington’s increasingly determined drive to contain the influence of China
See all stories on this topic »

China overtakes US in smartphone shipments, says research firm
Computerworld
By Michael Kan IDG News Service – China has passed the US in the third quarter to become the world’s largest smartphone market by shipments, but may find it tough to hold the position in the next two quarters, according to a research firm.
See all stories on this topic »

Stocks fall on worrying economic news in China, US
BusinessWeek
By MATTHEW CRAFT and DANIEL WAGNER Worrying economic signals from China and the US sent stocks sharply lower Wednesday. The Dow Jones industrial average sank 190 points. Overseas markets also declined after an auction of German debt drew surprisingly
See all stories on this topic »

US Politicians Increasingly Voicing Concerns About China
Voice of America
November 23, 2011 US Politicians Increasingly Voicing Concerns About China William Ide As the United States struggles to revive its lagging economy and looks at security challenges abroad, China is increasingly being named as a key concern.
See all stories on this topic »

Analysis: China gameplan in question as Obama pivots to Asia
Reuters
“China will take time to assess what all this means. But for (President) Hu Jintao it’s bringing unprecedented pressure on foreign policy,” said Zhu Feng, a professor of international relations at Peking University who specializes in ChinaUS relations
See all stories on this topic »

China’s Pacific Reach to Spur U.S. Spending on Anti-Sub Warfare
Bloomberg
China’s military upgrades have reduced the likelihood of a “peaceful resolution” to tensions with Taiwan, according to a draft of a report from the congressionally mandated USChina Economic and Security Review Commission released last month.
See all stories on this topic »

World stocks hit by signs of slowdown in China, US
NDTV
AP, 24 November 2011, Bangkok World stocks fell Wednesday after a survey showed China’s factories are cutting production and the US lowered its third quarter growth estimate, adding to pessimism from Europe’s simmering debt crisis.
See all stories on this topic »

US Regulators Push Chinese to Resume Auditor-Inspection Talks
BusinessWeek
Doty said he and Securities and Exchange Commission Chairman Mary Schapiro proposed the resumption in letters to Guo Shuqing, the new chief of the China Securities Regulatory Commission, after the Chinese canceled US meetings to discuss joint
See all stories on this topic »

U.S., China & FDI: Another Reason to be Wary of Statistics (and think tanks)
Business Insider
In both China and the US, the latter are often nationalists, although many trade critics in America also couch their arguments in terms of labor rights, jobs and environmental protection. So even though I’ma Lefty on most issues, I find myself siding
See all stories on this topic »

Tanzania: US Tells Africa to Reject ‘Cheap’ Chinese Goods, Labour
AllAfrica.com
“It is important to African governments that they hold Chinese companies to higher standards than they hold American and European companies,” Mr Carson said. Carson said the US considers China as a partner in Africa that will work to improve the
See all stories on this topic »

China’s LOVE IS NOT BLIND Brings in Over US$30 Million in First Week of Release
Sacramento Bee
The feat was made even more impressive considering that LOVE IS NOT BLIND was produced with a budget of US$1.5 million. The film joins LET THE BULLETS FLY, AFTERSHOCK and IF YOU ARE THE ONE 2, as the 4th Chinese film in Chinese history to surpass US$30
See all stories on this topic »

Gold falls on weak China data, lower US stocks
Reuters
By Frank Tang and Clare Kane NEW YORK/LONDON (Reuters) – Gold dropped on Wednesday, falling in tandem with declines in the equity markets and the euro, as weak Chinese factory data and a contracting euro zone economy prompted selling.
See all stories on this topic »

China couldn’t find us on a map
Ottawa Citizen
While the US will continue to be a major economic partner and critical ally for Canada, its hegemonic days are likely over. The size of the Chinese economy alone is expected to rival that of the US by 2020 to 2030. That gives Canada only a decade or
See all stories on this topic »

China’s hunger grows for US-grown nuts
Sacramento Bee
China is showing an increasing appetite for US-grown nuts – good news for California farmers – according to new research by Rabobank NA’s Food & Agribusiness Research and Advisory group. The study said US almond, walnut, pistachio, pecan and hazelnut
See all stories on this topic »

Downbeat data from China, Europe and US darkens outlook for growth
Irish Times
HSBC’s preliminary China manufacturing survey fell to a 32-month low in November, while euro zone industrial new orders tumbled by the most in almost 3 years. In the US, consumer spending barely rose in October and initial claims for US unemployment
See all stories on this topic »

Exhibition of China’s Bible Ministry held in US
CRIENGLISH.com
A seven-week exhibition tour by China’s Bible ministry that ended in the southern US city of Charlotte last week helped deepen the friendship between Chinese and US churches and promote mutual understanding between the two peoples, organizers said
See all stories on this topic »

China, Latin America trade ‘on solid footing’
AFP
“Unlike the European and US economies, and despite its own economic opening, China remains a centrally planned economy as is illustrated by its exchange rate manipulation,” Gutierrez added on the sidelines of a Chinese-Latin American business forum in
See all stories on this topic »

U.S. and China Conclude 22nd Session of the Joint Commission on Commerce and Trade
IEWY News
Chengdu, China – Today marked the conclusion of the 22nd session of the US-China Joint Commission on Commerce and Trade (JCCT) in Chengdu, China. United States Trade Representative Ron Kirk and US Secretary of Commerce John Bryson co-chaired the JCCT
See all stories on this topic »

US Envoy: China Promises Clean Energy Access
China Digital Times
“They intend to provide a fair and level playing field in those industries,” Bryson said after the two-day meeting of the USChinese Joint Committee on Commerce and Trade in the southwestern city of Chengdu.
See all stories on this topic »

The Obama Doctrine
Wall Street Journal
The US plan to take on China recalls Harry Truman’s containment of the Soviet Union. By HUGH WHITE Since 2009, China’s challenge to American primacy in Asia has become too stark to ignore. Last week President Obama gave his response.
See all stories on this topic »

ChinaUS fight over electronic borders
Africa Intelligence
See all stories on this topic »

Australia leads at World Cup but Irish stars loom
USA Today
HAIKOU, China (AP) – Australia took the lead in the first round of the World Cup on Thursday after shooting an 11-under 61, finishing two strokes ahead of tournament favorites Rory McIlroy and Graeme McDowell of Ireland.
See all stories on this topic »

China sees factory growth slowing slightly in 2012
Reuters
Annual industrial output in the world’s second-largest economy is expected to grow 14 percent this year but activity at home and abroad is cooling as tight domestic monetary conditions and weak US and European economies weigh on orders.
See all stories on this topic »

US SMALL/MIDCAPS-Smaller stocks sharply lower
Reuters
NEW YORK Nov 22 (Reuters) – US small and mid-cap stock fell sharply on Wednesday as weak Chinese factory data and the euro zone’s debt crisis hit investor sentiment. Although some investors suggest the greater domestic focus of smaller companies may
See all stories on this topic »

Trade war with China over solar technology could cut both ways
OregonLive.com
By Ted Sickinger, The Oregonian View full sizeMichael Lloyd, The OregonianSolarWorld has complained about China’s dumpingits heavily subsidized solar technology on US markets. An escalating trade war with China over solar technology now seems all but
See all stories on this topic »

SA’s biggest export to China is the rand
BusinessLIVE
In its Africa Macro report released on Thursday Standard Bank noted that China has been purchasing an average of US$1.1 billion per month of physical rand (notes and coins) since November 2010. “China imported US$3.4 billion worth of ZAR in 2010 and
See all stories on this topic »

RI suggests US, China joint exercises in Asia
Jakarta Post
“Actually, Indonesia proposed this to Australia, perhaps if that’s the case, then we should have a joint exercise involving Indonesia, Australia, Japan, the US and not the least China on humanitarian [assistance], natural disaster response situation,”
See all stories on this topic »

Across America Nov 25th.mov
China Daily USA YouTube Channel
Yu Dan, a popular nation-wide scholar mainly known for her insight into the Analects of Confucius, thinks that Chinese and US culture will grow with harmony despite their differences Dominic Ng, chairman of Committee of 100 and president of East West
See all stories on this topic »

Renren Drops on Profit Concern as Yingli Surges: China Overnight
BusinessWeek
24 (Bloomberg) — Chinese stocks traded in the US fell, led by Renren Inc. and Shanda Games Ltd., on concern that profit growth will slow at Internet companies as they increase investment to fend off competition. The Bloomberg ChinaUS 55 Index
See all stories on this topic »

Gold, US Dollar, US Treasuries, & China: Contrarian Opportunities?
Gold Seek
Since deleveraging in China, the US and Eurozone creates the appearance of Deflation, Gold-as-inflation-hedge is less in demand. But the Reality is that Hyperinflationary Pressures trump and overwhelm deflationary pressures. Thus we are already on the
See all stories on this topic »

Bid to bar Chinese audit firms criticized
China Daily
By Cai Xiao (China Daily) BEIJING – US Senator Charles Schumer’s call to bar Chinese agencies from auditing firms trading on the US market is the latest reflection of the US government’s protectionism in service trades and does not benefit either
See all stories on this topic »

Asian Stocks Outside Japan Rebound From Seven-Week Low on China
BusinessWeek
Komatsu Ltd., Japan’s largest construction machinery maker, led machinery makers lower after a US report showed orders for durable goods fell last month. Asian investors are “encouraged by China relaxing the reserve rate requirement, which tend to
See all stories on this topic »

Emerging-Market Stocks Post Longest Losing Streak Since 2009
BusinessWeek
23 (Bloomberg) — Emerging-market stocks fell, posting the longest losing streak since early 2009, as the cost of insuring European government debt against default rose to a record and reports on Chinese and European manufacturing and US economic
See all stories on this topic »

US stocks give thumbs down to Fed’s decision to increase its capital
India Infoline.com
US stocks continued to spend another full day trading in the red on Wednesday, 23 November 2011. Continue pessimism over debt issues in Europe and US pushed US stocks lower once again. Weaker than expected economic data at home and from China acted
See all stories on this topic »

Vegas airport bets on Asia-bound fliers, airlines
Detroit Free Press
The new terminal will not offer direct service to China. Tourism and airport officials cite visa requirements for US-bound Chinese travelers as a big obstacle in developing that market, but they say they’re working on it and are in talks with Chinese
See all stories on this topic »

Caterpillar Digs Deeper Into China, Stock Worth $100
Forbes
Caterpillar’s profits are soaring (rising 44% in the most recent quarter) on the back of strong sales due to stepped up construction and mining activity in the developing markets like China, India, Latin America and the Middle East, even as US sales
See all stories on this topic »

China’s Search Business Growing Fast, But Lags Behind US
paidContent:UK
Chinese search revenue in the firs thalf of 2011 was 7.57 billion yuan ($1.18 billion) according to Analysys, compared with $7.3 billion according to the IAB. That would make China’s search market about a seventh the size of America’s.
See all stories on this topic »

Obama, Gillard Say U.S. Marines to Be Deployed in Australia
San Francisco Chronicle
16 (Bloomberg) — President Barack Obama and Australia Prime Minister Julia Gillard announced a defense agreement that will deploy American Marines on Australian bases next year as the US moves to counter China’s regional influence.
See all stories on this topic »

UPI NewsTrack TopNews
UPI.com
China’s lawful rights, including free navigation in relevant waters, should not be hindered,” the ministry added. During a visit last week to Australia and Asian nations, US President Barack Obama stressed America’s commitments as a Pacific power.
See all stories on this topic »

Patently American
City Journal
Improved intellectual-property protections would also increase American exports and affiliate sales to China by an estimated $107 billion, creating another 1 million jobs in the US China seems uninterested in respecting intellectual-property rights,
See all stories on this topic »

The Future Of Foxconn: Ten Thousand Horses Galloping
TechCrunch
But, for a while, while the rest of China roiled outside, this city that manufacturing wrought was a relative oasis. “We don’t want these issues in China, any more than you want them in the US,” he said, finally. This is part four of a four part series
See all stories on this topic »

Oil slides nearly 2 percent on global economic woes
Reuters
By Gene Ramos NEW YORK (Reuters) – Crude oil futures slumped nearly 2 percent on Wednesday as weak economic data from Europe, China and the United States painted a somber outlook for global oil demand. An unexpected heavy drawdown in US crude
See all stories on this topic »

Stocks open lower on mixed economic reports
BusinessWeek
By MATTHEW CRAFT and DANIEL WAGNER A survey showed manufacturing showing in China, a day after the US government lowered its estimate of third-quarter growth. The Labor Department said more people applied for unemployment benefits last week than
See all stories on this topic »

U.S. Microsoft signs agreement to scrutinize Yahoo
eTaiwan News
Alibaba CEO Jack Ma has publicly acknowledged that his company would like to buy Yahoo, but that could be difficult because of US government concerns about a Chinese business owning a US company that handles email and other electronic communications.
See all stories on this topic »

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: