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U.S. China News 2012.01.20

Sat, January 21, 2012

China’s US Treasury Stock at 16-Month Low
LoanSafe
According to data from the US Treasury Department, China’s holdings of US Treasury bonds stood at $1.1326 trillion by the end of November 2011, $1.5 billion down from the previous month. It was the second successive month that the amount had declined,
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US to probe imports of China, Vietnam wind towers
Reuters
US producers warn of plant closings * Chinese wind tower makers opposes US probe * Siemens says duties not warranted * ITC to vote next month on case By Doug Palmer and Leonora Walet WASHINGTON/HONG KONG, Jan 20 (Reuters) – The US Commerce Department
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China’s Goldwind Expanding in US as Rivals Cut Back
BusinessWeek
Almost all of the towers for the Chinese company’s US projects come from Naperville, Illinois-based Broadwind Energy Inc., Colin Mahoney, a spokesman for Goldwind’s US unit, said in an e-mail. Most of the blades come from a LM Wind Power Group plant in
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US website blackout draws praise in China
Los Angeles Times
Internet users in China speak admiringly of the public rebellion against anti-piracy bills in Congress. Such a display would be nearly impossible in China. Protesters demonstrate against US online piracy legislation outside the offices of Sen.
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US accuses China of hacking emails
The Guardian
Suspicion is growing that operatives in China, rather than India, were behind the hacking of emails of an official US commission that monitors relations between the United States and China, US officials said. News of the hacking of the US-China
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Obama Orders Steps to Boost Job-Creating Foreign Travel to US
BusinessWeek
20 (Bloomberg) — President Barack Obama is taking steps to increase the number of non-immigrant visas, particularly in China and Brazil, and speed their approval to help create tourism jobs in the US Obama, who highlighted the initiative yesterday in
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Obama on whether the US is trying to contain China
CNN (blog)
I think the Chinese government respects us, respects what we’re trying to do, recognizes that we’re going to be players in the Asia Pacific region for the long term, but I think also recognize that we have in no way inhibited them from continuing their
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‘Flowers of War’ Opens Wide in US
Wall Street Journal (blog)
But released in December, the film has grossed roughly $93 million through mid-January and was China’s highest-grossing film of 2011. US distributor Wrekin Hill Entertainment hopes the film – which was passed over by the Academy of Motion Pictures Arts
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ChinaUS trade dispute: The process continues
pv magazine
What matters is the locus of production, not whether the company selling the products is Chinese, American or from some other country. As Lebow also mentioned in the Jeffries’ call, most of these investigations against Chinese respondents usually end
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The UK – from US poodle to Chinese shih tzu?
Channel 4 News
The investment also begs the question: is the UK going from being America’s political poodle to China’s economic shih tzu? You would have thought most countries would be grateful for any foreign investment they can get. Mark Hendrick MP Not at all,
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Oil falls on economy worry, dollar strength
Reuters
“There are questions about Europe as far as (oil) demand and yesterday’s weak US gasoline demand numbers indicate the economy may not be doing as well as thought,” said Phil Flynn, analyst at PFGBest Research in Chicago. “Signs of slowing in Chinese
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USChina SolarTrade Dispute: The Case for CASM and US Manufacturing
CleanTechnica
The petitions allege that: 1) Chinese manufacturers are illegally dumping product in the US below their domestic cost of production or prevailing domestic market prices, and 2) that the Chinese government is engaging in unfair international trade
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China’s stock bubble was made in the U.S.A.
MarketWatch
By Junheng Li NEW YORK (MarketWatch) — When a hot investment theme feeds on investor greed, ignorance and laziness — and is further inflated by unscrupulous, opportunistic investment banks — ugly things tend to happen, as US investors in Chinese
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Iran calls for Israel to be “punished”
Reuters
France has been at the forefront of international efforts for tougher measures to increase pressure on Iran to halt its nuclear program after talks between Tehran and six world powers — the P5+1 of the United States, Russia, China, Britain,
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Copper Gains on US Outlook, China Easing Hopes
Copper Investing News
By Shihoko Goto – Exclusive to Copper Investing News Numerous signs of steady economic recovery in the United States are boosting investors’ confidence to shore up copper this week. Coupled with expectations that China will make loan access easier by
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Oil Falls for Third Straight Day on China Manufacturing, Europe Concern
Bloomberg
The reading of 48.8 of the Chinese index, released by HSBC Holdings Plc and Markit Economics, compares with a final 48.7 number for December. A reading below 50 shows contraction. China is the world’s second-largest oil user, trailing only the US The
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Hong Kong Stocks Rise on US Jobs Data, Falling European Yields
BusinessWeek
China’s markets will shut next week for Lunar New Year. “Everyone is breathing a collective sigh of relief as European bond yields come down,” said Angus Gluskie, who oversees about $300 million at White Funds Management in Sydney. “The US economic
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China Daily’s US edition a hard sell – even though it’s free
Washington Times
The man responsible for ensuring these daily editions get to Fallows is Ji Tao, editor of the China Daily USA bureau. Ji has been with China Daily since 1996. In 2011, he moved to New York with the assignment to make the newspaper palatable for
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Asian countries collectively top US R&D spend
DAWN.com
The report also mentions that the share of R&D expenditure spent by US multinationals in Asia-Pacific has increased. “Asia’s rapid ascent as a major world science and technology (S&T) centre is chiefly driven by developments in China,” says the report.
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China factories see sluggish start in 2012: HSBC PMI
Reuters
Deteriorating demand from China’s biggest trading partners in the European Union and the United States helped drag growth in the world’s second-biggest economy down to its lowest in 2-1/2 years in the final quarter of 2011.
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Chinese dissident flees to US and describes torture
msnbc.com (blog)
Chinese dissident writer Yu Jie speaks to the media during a news conference at the National Press Club in Washington, DCon Wednesday. By Ed Flanagan, NBC News BEIJING – Last week Chinese dissident author Yu Jie fled to the United States to avoid what
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US Marshals: Indicted Doraville clinic owner on the run
Atlanta Journal Constitution
David Song Sen Cui, of Duluth, left for China shortly after federal agents conducted a search of his Atlanta Hope Medical Clinic, Assistant US Attorney Shanya Dingle told WSB Radio. “He has fled to China and we don’t know whether he is going to appear
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iPads ‘Assembled in China‘ Mostly Benefit the US
LAPTOP Magazine (blog)
The United States and China both know tech innovation has a higher payoff than acting as the world’s factory for assembling electronics. Few cases illustrate that lesson better than Apple’s iPhone and iPad devices — designed in America but made in
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China gets jump on U.S. for Brazil’s oil
Washington Times
The United States wants it, but China is getting it. Less than a month after President Obama visited Brazil in March to make a pitch for oil, Brazilian President Dilma Rousseff was off to Beijing to sign oil contracts with two huge state-owned Chinese
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Japan offers US support on Iran, less clear elsewhere in Asia
Reuters
Asian support for US sanctions is vital since the region buys more than half of Iran’s daily crude exports. The European Union has committed to banning Iran crude imports. China, Iran’s biggest crude customer, rejected the US sanctions as overstepping
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US and modernized China have much to talk about
San Antonio Express
He told state-controlled Chinese Radio International (CRI is the Cold War’s Radio Beijing) that though the USChinese relationship is complex and cultural differences exacerbate suspicions, the overall relationship benefits both nations immensely.
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Asian Stocks Advance on US Jobless Claims, Europe Debt Sales
BusinessWeek
Stocks have rallied, with the MSCI Asia Pacific Index climbing 3.1 percent this week, amid signs the US economy is recovering, Europe will contain its debt crisis and speculation that China will ease lending curbs to spur economic growth.
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Sino-US ties not a ‘zero-sum game’
China Daily
[Photo/Chinadaily.com.cn] Q: How were Sino-US relations in last year? What problems still need to be solved between China and the US? A: The relationship between China and the United States remains stable but we still have some problems that need to be
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China Auto Rental Files for $300 mln US IPO20 Jan 2012
Business China
January 19, China Auto Rental Ltd. plans to raise up to $300 million in an IPO of its American depositary shares, the company said on Wednesday in a filing. This would be the first Chinese company looking for over sea IPO this year.
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COLUMN-US should resist protectionism in gas: Kemp
Reuters
It is not consistent with US policies favouring free trade abroad and free markets at home. Restrictions would send a terrible signal to trading partners at a time when the United States is pressing for better access to markets in China and across the
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Canada hopeful of US pipeline, but looks to alternative Pacific route and
Washington Post
whether to build a segment of the line — from Oklahoma to Texas — that wouldn’t require US State Department approval. And government officials said Canada would push harder for a pipeline to the Pacific Coast, where oil could be shipped to China.
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Romney’s Tough China Talk May Fall Flat as South Carolina Trades
BusinessWeek
Inside, just under 200 workers manufacture a variety of refrigerator models beneath Chinese and American flags. The factory walls bear motivational injunctions in “Chinglish,” the fractured blend of Chinese and English. “Strive for a clearly defined
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Corn, Wheat Called to Open Higher on Demand Prospects; Soybeans May Drop
Bloomberg
Head to Davos –China Manufacturing Contraction Boosts Case for Easing: Economy -Canada December Inflation Rate Slows to 2.3% on Gasoline –US Military Leader Meets Israelis After Army Exercise Delay -Gingrich Labeling Obama as ‘Food-Stamp President’
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The Asia Society Becomes the First US Museum to Open a Satellite in China
ARTINFO
by Janelle Zara New York-based Tod Williams Billie Tsien Architects are slated to open a project next month that’s spent ten years in the pipeline: The Asia Society Hong Kong, the first American museum satellite ever to open in China.
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US cedes the lead on nuclear energy
Philadelphia Inquirer
Recent news that Gates has been meeting with the Chinese about traveling wave technology is particularly ominous. This could help put China at the forefront of a new industry and leave the United States, in nuclear terms, a banana republic.
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How China Ate Android
Forbes
After strong gains in Europe and China, the Chinese vendors are now going to attack the US smartphone market in 2012. Squeezed between Apple and Samsung at one end, the Chinese low-cost vendors at the other, mid-tier vendors may be about to demolished.
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Dragon dance
China Daily
There will be focus outside China in 2012 on whether there will be any moves toward a further internationalization of the Chinese yuan. The yuan – the value of which is a major subject of debate in the US presidential race – reached a record level
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Obama to Brazil: Send Us Your Affluent, Money-Spending Masses
TIME (blog)
“The more folks who visit America, the more Americans we get back to work,” Obama said, noting that tourism accounts for 2.7% of US GDP. The reforms are geared especially at helping visitors from Brazil and China get to the US faster.
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NYC’s Chinatown Prepares for Chinese New Year
Voice of America
A few blocks away, children are learning about the Chinese zodiac while making animal puppets at the Museum of Chinese in America. Margaret Riley, an intern, leads a lesson. She says the focus on togetherness transcends Chinese culture.
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Gold Prices Slip as China Buying Cools
TheStreet.com
By Alix Steel 01/20/12 – 07:43 AM EST NEW YORK (TheStreet ) — Gold prices were losing steam Friday on the back of a stronger US dollar and as physical buying cooled ahead of China’s New Year holiday. Gold for February delivery was down $6.30 to
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Carlyle cuts stake in China CPIC to under 5 pct
Reuters
By Stephen Aldred | HONG KONG Jan 20 (Reuters) – US private equity fund Carlyle Group has sold 18 million shares in China Pacific Insurance (Group) Co Ltd (CPIC), taking its holding below 5 percent, CPIC said in a statement. Based on Thursday’s closing
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The Zacks Analyst Blog Highlights: American Express, MasterCard, Visa and
Sacramento Bee
Yesterday, American Express Co. (NYSE: AXP) (AmEx) announced its collaboration with China’s mobile phone company – Lianlin Group – so that the latter can now use AmEx’s Serve technology in China. Serve is AmEx’s next generation technology that aids
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Resident Evil 6 set in China and US, out November 20
VG247
The game takes place in China and the US ten years after Resident Evil 2, with Chris Redfield and Leon Kennedy teaming up as the game’s main protagonists. The US president has decided to go public with the Raccoon City incident, but a bioterrorism
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US envoy: Jury still out on North Korea
CNN (blog)
At the same time, those countries want a closer relationship with the United States because they believe it helps them in their own interactions with China, he said. Going forward, Campbell said both the United States and China realize both need each
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China GrenTech Announces Amendment to Definitive Merger Agreement For “Going
MarketWatch (press release)
Except as provided above, the material terms and conditions of the Original Merger Agreement, including the merger consideration of US$0.126 per ordinary share and US$3.15 per American depositary shares, remain unchanged.
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Nadal, Federer win; Isner last US man to leave
SI.com
A rematch of the women’s 2011 final is already in place, with defending champion Kim Clijsters and China’s Li Na winning Friday to set up a meeting in the fourth round. Meanwhile, the last US man fell out of the tournament when No.
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US Stocks Diverge As Blue Chips Ride IBM, Microsoft Higher
Wall Street Journal
China’s Shanghai Composite climbed 1%, and Japan’s Nikkei Stock Average rallied 1.5%. Gold futures rose 0.2% to $1658.40 an ounce, while crude-oil futures slipped 1.9% to $98.65 a barrel. The US dollar gained ground against both the euro and the yen.
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