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U.S. China News 2011.11.25

Sat, November 26, 2011

Now China to probe US renewable energy support
Reuters
The tit-for-tat investigations underscore simmering trade tensions between China and the United States, as leaders warn of a rising tide of protectionism amid gloomy global economic tidings. US vitriol over what it says is China’s undervalued currency
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US Declares Cold War With China
Human Events
by Robert Maginnis Last week, President Barack Obama was in Asia to declare a cold war with China. Hopefully the USChina cold war won’t be like the one fought with the Soviet Union that brought the world to the brink of nuclear annihilation and cost
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Laid-back US China envoy causes a stir
CNN International
Gary Locke represents the US in Beijing and is the diplomat whose laid-back style has caused a stir in a country more suited to rigid and distant state officials. A third generation ChineseAmerican whose father fought for the US during the Second
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China overtakes US as biggest smartphone market
ZDNet UK
During the third quarter, 23.9 million smartphones were shipped in China, just inching out the 23.3 million that hit store shelves in the US during the same period, according to the research firm. China’s smartphone shipments were up 58 percent over
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China rallies developing nations, puts focus on US
Monsters and Critics.com
The European Union says it would push forward if there is a mandate to reopen negotiations in the coming years, but only if the US and China – which together emit about 40 per cent of greenhouse gasses blamed for global warming – make binding
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China, Pakistan Boost Anti-Terror Cooperation
Fox News
Countries around the world, especially the US, share Chinese concerns about Pakistan’s militant-infested tribal regions, but few get the same kind of public commitment of help as Beijing. It’s a legacy of China’s oft-hailed “all-weather friendship”
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How to Profit As the US and China Battle for Southeast Asia
Investment U
These countries lie along vital sea-lanes and chokepoints, are rich in natural resources, have export-oriented fast-growing economies and politically balance their relations with both China and America as a hedge against uncertainty.
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US move overlooked as Diggers join Chinese for joint exercise
The Australian
THE Chinese military will conduct a joint rescue exercise with the Australian Defence Force in earthquake-prone Sichuan. The move comes only a week after Beijing reacted angrily to the announcement the US would rotate marines through Darwin.
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Analysis: China factory unrest flares as global economy slows
Reuters
“We are willing to work but you must also pay us enough to survive,” said one of them, a rosy-cheeked woman in a pink jacket. “To guarantee the basic quality of life, even Wen Jiabao has said that,” she added, referring to China’s premier.
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China won’t save us – safeguard your wealth now
MoneyWeek
Further, it has made so much money that it’s been able to buy more than $1.1 trillion of US Treasury securities. That’s almost 25% of the total outstanding. In other words, without China, the American government would have had to stop borrowing a long
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Hormats Challenges ‘Distorted’ Advantages for China’s State Firms
Wall Street Journal (blog)
By Bob Davis That has been taken by some in China as the US trying to reign in the “Chinese model” of commerce. In a recent article in People’s Daily, translated by the US embassy, Zhang Yuyan from the Chinese Academy of Social Sciences took issue with
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US apparel brand Gap says to triple China network in 2012
Economic Times
HONG KONG: US apparel brand Gap Inc said on Friday that it aims to triple its store network in China next year, one of the latest foreign brands to target the country’s consumer spending growth. Redmond Yeung, president of China for Gap, which competes
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Huntsman’s comment spurs debate in China
Christian Science Monitor
Mr. Huntsman also knows that anything anyone in his position says in America about China will be instantly published here, so he won’t have been too surprised to hear that his comments the other day at the Republican candidates’ foreign policy debate
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Why USA needs a base in Australia?
Daily Star Online
The US has extended its hands of assistance towards the SCS littoral states to counter China. India’s involvement with direct governmental presence in that region has added a new dimension. Now it is widely assumed that China’s supremacy,
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Venezuela, China sign US$6b oil deals
Channel News Asia
CARACAS: Venezuela’s President Hugo Chavez signed a series of oil deals with Beijing Thursday financed with $6 billion in Chinese loans payable in oil. Chavez hailed the development as a “vital” next step in a decade-old strategic alliance with the
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China Shipping Companies, Pay Us or Else…
GCaptain (press release)
By gCaptain Staff On November 25, 2011 SHANGHAI (Dow Jones)–Grand China Logistics Holding Co.–a unit of Chinese transportation company HNA Group–said Friday that it will honor vessel-charter payments to several Greek and Norwegian firms that some of
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China Firm Charged Zero Tariff in US “Double Anti” Judgment
Middle East North Africa Financial Network
SHANGHAI, Nov 25, 2011 (SinoCast Daily Business Beat via COMTEX) — Sources said on November 24 that the US Department of Commerce had made a verdict on anti-dumping and anti-subsidy investigations into multilayer solid wood flooring from China.
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US told to hand green revolution lead to China
Business Weekly
A climate change finance guru advising the UK government says the US should hand its role as global CleanTech police to China and allow the world’s banker to lead the green revolution. Frustrated by lack of progress in the reduction of greenhouse gases
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Enter the dragon in China century
Adelaide Now
The rise and rise of China presents the US with a compelling emerging powerhouse with which to engage – both on a trade basis and as a rival for global power. Australian Strategic Policy Institute program director Dr Rod Lyon says China’s expansion
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Robert F. Kennedy Jr.
Huffington Post
We lost that advantage mainly due to our carbon addiction, which still causes us to hemorrhage nearly $750 billion annually in American wealth — the cost of importing foreign oil. The Chinese would naturally like us to spend what’s left of our
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Father of modern Chinese art has show in US for the first time
China Daily
By Kelly Chung Dawson (China Daily) NEW YORK – A new exhibition at the Denver Art Museum in Colorado is showcasing Xu Beihong’s work for the first time in North America. Generally considered to be the father of modern Chinese painting, his influence on
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Russia ups the stakes with US over missile shield program
China Daily
By Hu Yinan (China Daily) BEIJING – Russia’s latest tough response to US anti-ballistic missiles (ABMs) near its borders in Europe – that it may deploy its own missiles to target US missile defense sites on the continent – is the start of an evolving
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Why E-Commerce in China Will Surpass America Around 2015 [Slideshare]
Business Insider
All told, China will rise from 145 million e-shoppers today, to 329 million (!) by 2015. But size is not everything. E-commerce will also become bigger in China than America because of the unique environment. “China is the first major nation in history
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Exclusive: TIME Meets Taiwan Presidential Hopefuls Ma Ying-jeou and Tsai Ing-wen
TIME (blog)
Before I took office, [annual] trade with mainland China already exceeded US$100 billion. The mainland is our largest trade partner, our largest investment destination, and our largest source of trade surplus. These are incontrovertible facts that must
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Retail, travel groups push Congress to ease visa waits for China, Brazil
The Hill (blog)
The National Retail Federation, US Chamber of Commerce and US Travel Association argue that eliminating delays and barriers, especially for tourist visas for China and Brazil, where demand is especially high, could bolster the struggling economy.
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Decoding the economic boom
China Daily
Schell, currently the Arthur Ross Director of the Center on USChina Relations at the Asia Society in New York, describes his work as an “archaeological expedition into China’s past”. In his view, China’s economic boom did not come “out of the head of
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GRAINS-US grains down again on debt fears, dollar
Reuters
Traders have been focusing on demand because the US corn and soybean harvests are finished. Markets are waiting to see whether China will ramp up its purchases of corn with prices slipping below $6 per bushel. The last major purchase of US corn by
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Linden students are US models for new Chinese language program
Scarlet Scuttlebutt (blog)
The Linden School District has signed an agreement with the Office of Chinese Language Council International for the district to be the first US model kindergarten to 12th grade district to offer the new Great Wall Chinese instructional program.
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China Derangement: Exaggerating an Economic Yellow Peril
China Digital Times
Consider what would happen if Chinese growth slows to 5 percent. Assuming sustained respective 5 percent and 3 percent growth rates for China and the US for the next two decades, China’s total GDP would reach just $16 trillion, not $34 trillion.
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New name, same game
China Daily
It’s not an advertisement for a new Internet site, but the new marketing campaign for Amazon China, the recently rebranded name of the US-based e-commerce giant Amazon.com Inc’s China operations. This is the first time Amazon has been so public about
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Foreign investors reconsider Balkans
San Francisco Chronicle
“If the Serbian steel plant was closer to China, they would not be think of closing.” US Steel Serbia, which has steadily reduced production over the last eight years, employs over 5400 people and accounts for nearly 10 percent of Serbian exports.
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Arcadia’s Green Says China Stores May Open by Year-End
Washington Post
24 (Bloomberg) — Philip Green, the billionaire owner of UK fashion retailer Arcadia Group Ltd., discusses expansion in the US and China. Andrea Catherwood reports on Bloomberg Television’s “Last Word.” (/Bloomberg) Correction: Clarification: SuperFan
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Shadow looms over China’s Internet lending market
Reuters
US P2P lending site Prosper Marketplace Inc. hopes a recent $7 million investment from China-focused investment firm IDG Capital Partners will help it get to China, according to CEO Chris Larsen. IDG also invested in CreditEase, China’s largest P2P
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Analysis: Harper’s bet may pay off; China open to Canadian oil
Reuters
By Florence Tan and Judy Hua SINGAPORE/BEIJING (Reuters) – China is set to embrace Canada’s offer of more crude, heating up competition with the United States as the world’s top two oil consumers jostle to secure supplies and meet ravenous demand.
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Ireland wary of rivals after tying for golf World Cup lead
Reuters
Rory McIlroy of Ireland lines up a putt on the sixth green during the second day of the Mission Hills World Cup golf tournament in Haikou, China’s Hainan province November 25, 2011. By Bernie McGuire HAIKOU, China (Reuters) – Ireland’s Rory McIlroy and
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KPMG chair calls for global standards, cites Olympus fraud
Reuters
Andrew also called for more coordinated regulatory oversight as auditing firms have found themselves caught between regulators wanting different rules and standards, such as the current issue facing the United States and China.
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Investors Beware After Super Committee’s Failure
Fox News
US hardware is aging—pilots are flying the same fighters as did their fathers; cyber-warfare requires new capabilities, in addition to traditional land, air and sea forces; and China is building a Navy and will be spending on defense 60 percent as
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Air France passenger plane grounded in U.S. after ground crews noticed 30
Daily Mail
The Airbus A340 plane had undergone routine maintenance in China, before flying to Paris and then on to the US before the potentially disastrous blunder was finally spotted. The plane, which can carry up to 440 passengers, was grounded in Boston while
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US Plan for a ‘New Silk Road’ Faces a Big Speed Bump: Iran
The Atlantic
By Joshua Kucera Ancient Persia was a heavily trafficked corridor on the Silk Road, the transcontinental trade route between China and the West that flourished centuries ago. But in Washington’s imagining of a 21st century version of the Silk Road,
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The Greens: Adjuncts of US and Australian militarism
World Socialist Web Site
Rudd urged Clinton to seek to “integrate” China into US-dominated “international affairs,” but “all the while also preparing to deploy force if everything goes wrong.” The Liberal Party opposition foreign affairs spokesperson, Julie Bishop,
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Relax, Folks. It Really Is Honey After All
NPR (blog)
The article implied that this was part of a deliberate attempt to prevent anyone from detecting illicit honey from China. (The United States blocks imports of Chinese honey because US officials decided that it was being sold at artificially low prices,
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Trump: ‘We Have to Make Our Own Products’ to Boost the US Economy
Fox News
TRUMP: I would say many things. I would like tax China and various other countries that are taking advantage of us. I would like to do a serious thing with OPEC. They wouldn’t be there except for us. Their streets are paved in gold.
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Emerging Stocks Rise on German Confidence, China Policy Outlook
BusinessWeek
The MSCI Emerging Markets Index has plunged 23 percent this year and the MSCI World Index of developed nations has sunk 14 percent as Europe’s debt crisis spread and concern mounted that growth in the US and China is slowing.
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