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U.S. China News 2012.01.17

Tue, January 17, 2012

US Stocks Rise on China Policy Outlook
Bloomberg
Photograph: 2430/Gamma-Rapho via Getty Images US stocks rose, sending the Standard & Poor’s 500 Index toward the highest level since July, as slowing Chinese growth added to speculation that monetary policy at the world’s second-largest economy will
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World stocks rally on bets over China; US, Germany data help
Reuters India
By Barani Krishnan | NEW YORK (Reuters) – Stocks and commodity markets rallied on Tuesday, helped by improved investor sentiment on the economic outlook in China, the United States and Germany, although persistent worries over the euro zone debt crisis
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US Stocks Rise as Slowing China Growth Bolsters Easing Bets
BusinessWeek
17 (Bloomberg) — US stocks rose, sending the Standard & Poor’s 500 Index toward the highest level since July, as slowing Chinese growth added to speculation that monetary policy at the world’s second-largest economy will ease.
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ZTE: China, US key smartphone markets
Times of India
ZTE Corp, the world’s No.4 handset maker, said it sees China and the United States as key drivers for its fast-growing smartphone market. HONG KONG: ZTE Corp, the world’s No.4 handset maker, said it sees China and the United States as key drivers for
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Xi meets Jeb Bush, calls for closer cooperation between China, US
Xinhua
Xi took time during the meeting to applaud Bush’s attention to, and efforts in, the development of ChinaUS relations. “Despite ups and downs, the general relationship between China and the United States has been pushing ahead over the past 40 years,”
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US Senators Support Philippines in S. China Sea Dispute
Voice of America
January 17, 2012 US Senators Support Philippines in S. China Sea Dispute Simone Orendain | Manila Four US senators visiting Manila have been discussing the South China Sea territorial dispute and touting their support for the Philippines.
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Beijing rejects US ambassador’s criticism of China’s human rights situation
Washington Post
BEIJING — A Chinese Foreign Ministry spokesman said Tuesday that US Ambassador Gary Locke was wrong in saying this week that China’s human rights situation has deteriorated. Spokesman Liu Weimin told reporters at a regular press briefing in Beijing
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Brent near flat as euro zone worry offsets China data
Reuters
US February crude rose $1.98 to $110.68 a barrel, having traded from $98.60 to $101.01 and with February crude options expiration adding to the choppy price trajectory. The US stock market also rose on improved sentiment about China’s growth prospects
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Opening Bell: Markets up on China, US data
Financial Post (blog)
Back from a long weekend, US markets were buoyant on open Tuesday, lifted by better-than-expected news on Chinese growth and some solid manufacturing data at home. The Toronto Stock Exchange was also up on strong commodity prices while Canadian
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Can China’s Rich Solve America’s Real Estate Problem?
Forbes
Morning Edition interviewed a financial advisor to the wealthy in China, a Mr. Yang, who pointed out the perceived advantages of the US for Chinese investors. In the US, investors can own the land and the home and can pass them onto their children.
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American Superconductor and China Ming Yang Wind Navigate Challenging
MarketWatch (press release)
The Paragon Report examines investing opportunities in the Alternative Energy Sector and provides equity research on American Superconductor Corporation /quotes/zigman/68191/quotes/nls/amsc AMSC +2.99% and China Ming Yang Wind Power Group Ltd.
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Disney: Mickey’s next store is in China
Reuters
For instance, US electronics chain Best Buy closed all of its namesake stores in China last year to cut costs. Toy maker Mattel shut its six-story flagship Barbie store in Shanghai early last year. “At the top of the list of problems many US businesses
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Fate of US effort to isolate Iran could rest with China
MiamiHerald.com
By TOM LASSETER AND KEVIN G. HALL BEIJING — Most days, the announcement of an $8.5 billion joint venture oil deal between Saudi Arabia and China wouldn’t raise eyebrows. Riyadh, after all, is China’s largest supplier of oil. But with the United States
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China Soybean Imports Jump 6.3% as South America Shipments Rise
BusinessWeek
US soybean shipments to China fell 23 percent, the researcher said. “This indicates a turnaround in Chinese soybean imports,” Oil World said. “Considering shipping time, arrivals of soybeans at Chinese ports will show a similar increase by about 1.1
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US Replaces China as Top Clean Energy Investor
Environmental Leader
The United States has regained its place as the world’s number one investor in clean energy, reclaiming the top spot from China, according to Bloomberg New Energy Finance. In 2011, US total investment in clean energy surged to $55.9 billion,
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Wall Street rallies on US, China, Germany data
AFP
NEW YORK — Wall Street stocks racked up solid gains Tuesday as investors cheered upbeat economic data in the United States, China and Germany. The Dow Jones Industrial Average was up 122.57 points (0.99 percent) to 12544.63 by 1535 GMT.
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Why Demographics Show China Poses No Long-Term Threat to the US
Minyanville.com
For those concerned about an eventual military conflict between the US and China, it’s hard to imagine China sending millions of young men off to die in battle when the country will be starved for young labor within a decade.
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US announcing talks with EU aimed at limiting space debris that threatens
Washington Post
The US official says the United States views that document as a starting point but would like to see changes. The United States also wants other countries, including Russia and China, involved. US and EU concerns were spurred by China’s move to
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China to deepen ties with Latin-America
China Daily
Yang Wanming, director-generalof the Department of Latin American and Caribbean Affairs of the Chinese Foreign Ministry, answers questions from chinanews.com readers online on Jan 17, 2012. [Photo/Chinanews.com] Q: How do China and Latin America
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TREASURIES-US bond yields creep up after China data
Reuters
TOKYO Jan 17 (Reuters) – US Treasuries were pressured, bolstering yields, as better-than-expected Chinese data in Asia trade on Tuesday gave equities markets a lift and pushed fears about the euro zone debt crisis out of the spotlight for now.
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China eyes Taiwan’s election freedoms
BBC News
A thick smog has settled on China’s capital (yet again), and through the murk it is hard to see much beyond the few buildings just across the way. The atmospheric conditions are grim. The US embassy pollution reading on Twitter is well over 300,
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Why China Is Weak on Soft Power
New York Times
For example, Canada and Mexico do not seek alliances with China to balance American power the way Asian countries seek an American presence to balance China. Already in 2007, Hu told the 17th Congress of the Chinese Communist Party that China needed to
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Secondary Sources: Made in China, European Crisis, Economists Ethics
Wall Street Journal (blog)
By Phil Izzo –Made in China: Barry Ritholtz looks at a San Francisco Fed paper that answers the question how much of what the US consumes come from China. “What did they find? “Goods and services from China accounted for only 2.7% of US personal
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American Nano Silicon Technologies Inc. Reports FY 2011 Financial Results
MarketWatch (press release)
NANCHONG, CHINA, Jan 17, 2012 (MARKETWIRE via COMTEX) — American Nano Silicon Technologies, Inc. /quotes/zigman/478752 ANNO -66.67% (“ANNO” or “the Company”), a leading manufacturer and distributor of consumer chemical products in China,
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Chinese Accounting Scandals Dampen IPO Market
Accounting Today
Forty-four percent of the investment bankers surveyed by BDO predict a decrease in the number of China-based businesses conducting offerings on US exchanges in 2012. When asked for a reason for the decrease, 57 percent of thee respondents cited the
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Brazil Stocks Open Higher On China GDP After Delay
Wall Street Journal
By Jeffrey T. Lewis BRASILIA (Dow Jones)–Brazilian shares opened higher Tuesday after China and the US reported economic figures that boosted optimism about world economic growth. The benchmark Ibovespa stocks index was up 0.7% at 60345 points,
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Yuan ends up; stability seen as China visit to US approaches
Economic Times
SHANGHAI: China’s yuan traded slightly stronger on Tuesday but will likely hold steady between 6.30 and 6.35 against the dollar in the weeks leading up to Vice Premier Xi Jinping’s visit to the United States, traders and analysts say.
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Grant Thornton Surveys Find Increased Optimism in US Economy
MarketWatch (press release)
“However, optimism about growth in the domestic market is tempered by the continuing struggles in Europe and China’s reluctant role in stimulating the global economy, which present risks for sustained economic growth here in the US” Canada optimism
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Commodities Advance as China’s Slowing Economy Spurs Optimism Over Easing
Bloomberg
Copper, oil and gold may rally this year as economic growth in China and the US offsets the impact of a European recession, Goldman Sachs Group Inc. said in a report last week. “More and more market players believe that China will implement further
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Factbox: China’s policy-driven banking sector
Reuters
Analysts say the restructuring cost about 4 trillion yuan ($633.36 billion), or 22 percent of China’s 2005 gross domestic product. In contrast, Washington has so far spent $428 billion rescuing US financial institutions from the 2008 crisis.
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Airbus May Open Assembly Line in US to Lift Local Appeal
BusinessWeek
The European planemaker, which has final assembly lines in Toulouse, France, and Hamburg, Germany, as well as Tianjin, China, may find that adding a similar operation in the US increases visibility with potential clients, Hans Peter Ring,
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TV maker to hire 100 workers at Canton plant
Detroit Free Press
PATRICIA BECK/Detroit Free Press A small Minnesota electronics company aims to bring TV manufacturing back to the US, hiring 100 workers at a plant in Canton. Element Electronics, which sells TVs made in China to big-box stores like Walmart and Target,
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China’s Quarterly Growth Far From ‘Hard Landing,’ Goldman’s O’Neill Says
Bloomberg
Yet China’s policy makers, by tightening monetary policy, managed to stem the property bubble, O’Neill said, something Western policy makers had failed to do before the subprime property meltdown that began in the US in the middle of the last decade.
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China data lift U.S. stock futures; banks in focus
MarketWatch
By Kate Gibson and Shawn Langlois, MarketWatch NEW YORK (MarketWatch) — US stock futures rose Tuesday as upbeat economic data from China and the US boosted sentiment. US data had the Empire State manufacturing index rising to 13.48 in January from 8
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CTDC and GCL-Poly Expand Solar in China and US
Solar Novus Today
China Technology Development Group Corporation, a Hong Kong-based solar company, announced today that a three-year cooperation framework to develop solar projects in the United States and China has been signed. Among those who signed the framework are
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China has 513 million web users
SlashGear
China is the most heavily populated country on earth with over 1.3 billion people living there as of 2010. By comparison, the US has over 307 million as of the census conducted in 2009. China has more people that use the internet than live in the US.
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S Korea Won Higher Late On China Economic Data, Kospi Gains; Bonds Down
Wall Street Journal
SEOUL (Dow Jones)–The South Korean won was higher against the US dollar late Tuesday as better-than-expected China growth data for the fourth quarter boosted market confidence, driving regional currencies and stocks higher.
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Mail.ru launches Russia’s answer to Twitter
Chicago Tribune
LONDON (Reuters) – Russian internet company Mail.ru has launched its answer to US microblogging site Twitter, seeking to expand its business into social instant messaging and emulate the success of China’s Weibo. London-listed Mail.ru said the new
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China Mobile and Clearwire Announce Agreement on TD-LTE Device Test
MarketWatch (press release)
The labs will allow for the evaluation and qualification of commercial TD-LTE devices simultaneously in the US, China, and other promising markets, using common testing methodology, equipment, and infrastructure. “The unmatched spectrum portfolio
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China Shen Zhou Subsidiary Signs Agreement to Acquire 60% of Wuchuan Dongsheng
Sacramento Bee
According to the terms of the agreement, Xiangzhen will use 2418448 of China Shen Zhou’s common shares, which is equivalent to RMB 43 million (approximately US$6.8 million, assuming a price of US$2.80 per share and an exchange rate of US$1= RMB 6.35)
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Sino-Forest up on outlook for China assets
Vancouver Sun
“The issue with the government and people of China is they don’t care,” Stephenson said. Shares of Sino-Forest plunged 74 per cent in Toronto, reducing the market value by $3.3 US billion, after short seller Carson Block’s Muddy Waters LLC research
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Corn, Soy, Wheat Called to Open Higher on Demand, Weather
Bloomberg
Stronger economic growth in China, the biggest hog producer, may spur purchases of US corn for livestock feed, Grow said. — Soybean futures may open 15 cents to 20 cents higher on the CBOT on speculation that adverse weather in Argentina and improved
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China’s Rich Consider Leaving Growing Nation
NPR
Yang says Chinese like US real estate because they can own it in total and can pass homes onto their children. In China, the government controls the land. People can own houses, but they can only lease the land underneath. “We buy the house [and] we
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Rein: Why global brands fail in China
Moneycontrol.com
They too often tried to transplant what worked in America to China with little effort at localization. In Best Buy`s case, they tried to replicate the “big box” or large store retail strategy that succeeded so well for them in America in China as well.
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How Lynx Changed Cultural Notions About Men and Fragrance in China
AdAge.com
Unilever had a conundrum when it came to the Chinese launch of Lynx, the body spray known in the US as Axe. The problem wasn’t persuading Chinese guys to select Lynx over a competitor but to choose it at all in a country where men have never been
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