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U.S. China News 2012.01.26

Thu, January 26, 2012

Philippines may allow greater US military presence in reaction to China’s rise
Washington Post
Under each scenario, US forces would effectively be guests at existing foreign bases. The sudden rush by many in the Asia-Pacific region to embrace Washington is a direct reaction to China’s rise as a military power and its assertiveness in staking
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US rivals accuse China of dumping solar panels
Reuters
China makers have more than doubled solar cell shipments-CASM * Suntech, Trina cite change in key US program for yr-end surge By Nichola Groom Jan 25 (Reuters) – Chinese solar panel makers flooded the US market with their products at the end of last
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China source of hope and worry for Davos regulars
Reuters
“Six or seven percent growth of the car market will still add one million cars in China. It’s good enough for us.” But while businesses with global ambitions cannot ignore China regardless of cyclical swings, China insiders say investors should not
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Cooling China worries some multinationals
Reuters
By Nick Zieminski (Reuters) – Slowing growth in China is emerging as a concern in some of this quarter’s earnings reports from US multinationals that have long relied on strong growth in China and other emerging markets to drive their profits.
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Chinese New Year makes US biz uneasy
CNN
By Parija Kavilanz @CNNMoney January 25, 2012: 4:53 PM ET Small business owners, such as Andrew Green [left] and Mei Xu, say the Chinese New Year is a challenging time for US small businesses. NEW YORK (CNNMoney) — As China celebrates the New Year by
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Prasad Doubts USChina Ties Will Deteriorate in 2012
Washington Post
25 (Bloomberg) — Eswar Prasad, senior professor of trade policy at Cornell University and a former International Monetary Fund economist, talks about the outlook for USChina relations and trade in 2012. He speaks with Pimm Fox on Bloomberg
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Good Reads: America’s decline, China’s rise, the way forward
Christian Science Monitor
There’s a new genre of American journalism called ‘Decline Watch,’ tracking America’s slow steady decline and China’s rise. Here’s your daily cup of sunshine. By Scott Baldauf, Staff Writer / January 26, 2012 Workmen stand on scaffolding as they work
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China says EU ban on Iran oil not “constructive”
Reuters
The European Union agreed on Monday to ban imports of oil from Iran and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at pushing Iran into reining in its nuclear activities that Tehran says are
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US lawmaker may pursue limited China bill
Reuters
“I am willing to consider targeted legislation that ensures our countervailing duty laws can be used to protect US employers and workers from unfairly subsidized imports from countries like China,” House of Representatives Ways and Means Committee
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Who’s most to blame for poor conditions at Apple’s Chinese suppliers?
msnbc.com
We want that middle class to grow, because in a globalized world, those Chinese middle-class people might start buying American made goods eventually. The last quarterly profit of Apple was just announced yesterday, and it was $13000000000.00,
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Obama signals tougher stance on China trade practices
Los Angeles Times
By Don Lee and David Pierson, Los Angeles Times In pledging to lure offshore jobs back to the US and target unfair Chinese trade practices, President Obama sought in his State of the Union address to dispel criticisms that he has been too soft in
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China: Spotlight Rights in US Summit with Xi Jinping
Reuters AlertNet
United States President Barack Obama should publicly and privately challenge China’s Vice President Xi Jinping on the deteriorating human rights environment in China during Xi’s February 14 visit to Washington. (New York) – United States President
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Chinese Vitamin C Makers Can Be Sued by Buyers as a Group, US Judge Says
Bloomberg
North China Pharmaceutical Co. (600812) and three other Chinese makers of vitamin C can be sued in the US for alleged price fixing by buyers acting as a group, a federal judge ruled. US District Judge Brian M. Cogan in Brooklyn, New York,
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Chinese Tourists Flock to Australia
Voice of America
January 26, 2012 Chinese Tourists Flock to Australia Phil Mercer | Sydney Asia is coming to the rescue of Australia’s troubled tourism industry, which has been in decline because of a downturn in visitors from Europe and North America.
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Apple: made in China, untaxed profits kept offshore
ZDNet (blog)
But today, most of the jobs created by Apple are not American jobs, they’re sweatshop-style jobs for miserable, overworked workers in China. According to the New York Times, Apple employs 43000 people in the United States. That’s not an inconsiderable
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Chinese Companies Show Muscle In US Dominated Construction Industry
Bernama
LAS VEGAS, Jan 26 (Bernama) — The construction industry is traditionally dominated by United States companies, but at least one Chinese company, Sany Group, has made headway in its intention to get access to the US market.
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Hyundai profits rise 38% on US and China sales
BBC News
Sales were up both at home and in countries such as the US and China. Hyundai has benefited as Japanese carmakers have seen production cut due to the March tsunami and earthquake. However, some analysts say that advantage could run out as rivals Toyota
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Stephen Bosworth: China, the US, and North Korea
Asia Society
NEW YORK, January 23, 2012 — Former US Special Representative for North Korea Policy Stephen W. Bosworth surveys three White House approaches to North Korea and describes China’s motives for backing the Pyongyang regime. For the complete program:
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US Navy preps massive solar project
TG Daily
SunPower broke ground this month on a big solar installation at the Naval Air Weapons Station China Lake in California. Though it’s not a utility scale system of the magnitude being developed elsewhere in the desert – like the 392-megawatt (MW) Ivanpah
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Davos leaders look to China’s investments abroad
Seattle Post Intelligencer
Attention at the invitation-only gathering in the Swiss Alps turned Thursday to China, and how and whether it could help developed economies in Europe and the United States avoid new recession. Chinese companies and government funds have been using
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Iowa readies welcome for China heir apparent
AFP
WASHINGTON — US policymakers say they know little about Chinese Vice President Xi Jinping, the growing Asian power’s likely next leader, but they are certain on one point — he is fond of Iowa. When Xi visits the United States in mid-February,
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Asia stocks gain slightly on US Fed’s low rate pledge
Economic Times
Markets in Taiwan and mainland Chinese remained closed for the Chinese New Year. Markets in India and Australia were closed for public holidays. On Wednesday, the US Federal Open Market Committee said it was unlikely to raise interest rates before late
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China Education Alliance is Now Trading on the OTCQX Under Symbol CEAI
MarketWatch (press release)
HARBIN, China, Jan. 26, 2012 /PRNewswire via COMTEX/ — China Education Alliance, Inc. (otcqx:CEAI) is pleased to announce that its application to join the OTC markets’ OTCQX US Tier has been approved. The Company is now trading on OTCQX under the
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Tibetan death toll rises
The Australian
THE US has expressed “grave concern” over violence in Tibet that has seen Chinese security forces shoot up to a dozen people in the past week. There were reports of up to five people killed in the latest shootings in Seda in Sichuan province.
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Why Caterpillar Beat The Street, And Why It’s Good For America
Forbes
At least 70% of the company’s sales come from outside the US And it’s helped them break sales records in another tough year for the US economy. Emerging markets from China to Brazil are not only good for Caterpillar investors; it’s also good for middle
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China Health Resource Signs Two New Agreements for the Sale of Gastrodia
Sacramento Bee
(*) “An earlier version of this release erroneously reported the revenue from the agreements as $1.7 million US Dollars instead of $10.7 Million US Dollars and 67.5 RMB instead of 67.5 Million RMB.” China Health Resource, Inc. engages in the
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In divided US politics, rare agreement on Myanmar
Boston.com
In recent years, however, misgivings about emerging superpower China’s pervasive influence over its southern neighbor have given traction to the argument that the US should be more engaged. While there is far more bipartanship on US foreign policy than
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ILFC Says China To Succeed In Building Jets
Airwise
China’s hopes of breaking the market stranglehold of Airbus and Boeing have received a boost from one of the world’s largest owners of aircraft, which predicts Beijing will succeed in building its own passenger jets. The head of US leasing giant
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Durable Goods Orders in U.S. Climb 3%, Stronger Than Economists Estimated
Bloomberg
Sustained demand from China, Brazil and other emerging economies may also help shield US factories from a slowdown in Europe stemming from its sovereign debt crisis. “Improving economic momentum and diminished angst surrounding the financial crisis has
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Davos Leaders Look to China’s Investments Abroad
ABC News
The administration of US President Barack Obama has also repeatedly accused China of breaking global trade rules by giving unfair protection to its companies and domestic workers. “The vast majority of Chinese companies are trying to follow the rules
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ConocoPhillips, CNOOC Agree to Pay US$160 Billion for Bohai Bay Oil Spill
2point6billion
“ConocoPhillips will also designate a portion, RMB 100 million (approximately US$16 million), of the company’s previously announced environmental fund to be used to improve fishery resources,” the press release read. In November, China’s State Oceanic
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Global Real Estate Market to Reach US$24.7 Trillion by 2015, According to a
San Francisco Chronicle (press release)
With the effect of recession ebbing, the real estate and construction industry recovered in few US markets and witnessed strong resurgence in Canada and China. However, a number of owners of commercial or home properties are expected to continue facing
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China’s state-capitalism braces for a free-market backlash
The Nation
Quite a number, like “Death by China: Confronting the Dragon”, are of the view that China is destroying not only the American economy but the whole world and its environment. But the fears go beyond China, as seen in the latest issue of The Economist,
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Newt’s pie-in-the-sky promises
The Detroit News (blog)
China, the US, and the EU will have to pony up serious cash just to put human payload near the moon again, and would have to launch random components constantly for an entire decade in order to prepare an infrastructure capable of habitation on the
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Shoe Company Practices Insourcing For The Sole
WBUR
“But right now, it’s getting more expensive to do business in places like China. Meanwhile, America is more productive.” James Curleigh, CEO of the Portland, Ore.-based footwear company Keen, knows exactly what Obama is talking about.
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Animal Drug Widely Used in US Meat the Focus of Trade Dispute
Food Safety News
Countries such as China and Taiwan have no threshold for ractopamine, so pork from the US with even trace amounts has been turned away. The issue has strained the US-Taiwan trade relationship, according to the report. Taiwan began testing for the drug
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America’s next star? Could be anyone
Seattle Post Intelligencer
FILE – In this July 25, 2011, file photo, US Michael Phelps, right, and Ryan Lochte look at the scoreboard after a men’s 200m Freestyle semifinal at the FINA Swimming World Championships in Shanghai, China. Michael Phelps. Missy Franklin.
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US Army chief at ease with smaller force, eyes Asia
Reuters
Indeed, US officials have pointed to concerns about China’s military buildup and North Korea’s nuclear advances as they explain plans to focus more on the Asia-Pacific region. Odierno, fresh from a trip to Asia, acknowledged the need for naval and air
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