Skip to content

U.S. China News 2012.01.27

Fri, January 27, 2012

US seeks military ties, not base, in Philippines
CBS News
(AP) WASHINGTON — The United States says it shares a common interest with the Philippines in protecting freedom of navigation in the South China Sea but is not seeking to re-establish a military base on the territory of its Southeast Asian treaty ally.
See all stories on this topic »

Activists and bloggers fear Twitter censorship
USA TODAY
By Michael Liedtke, AP SAN FRANCISCO – Bloggers and activists from China, the Middle East and Latin America said Friday they were afraid that new Twitter policies could allow governments to censor messages, stifling free expression.
See all stories on this topic »

Oil industry sees China winning, West losing from Iran sanctions
Reuters
By Dmitry Zhdannikov | DAVOS, Switzerland (Reuters) – As the European Union prepares to ban Iranian oil and the United States turns the screw on payments, oil executives and policymakers say China and Russia stand to gain the most and Western oil firms
See all stories on this topic »

American Lawmakers Warned of Emerging Nuclear Power Market Risks and China’s
San Francisco Chronicle (press release)
Cleantech analyst firm Kachan & Co. was among a number of voices in Washington this week advocating American lawmakers support new safer, cleaner nuclear power options in the face of growing Chinese enthusiasm for the technologies.
See all stories on this topic »

No More Slow Boat To China For US Liquefied Natural Gas
AOL Energy
That’s key for multiple proposals to build plants to liquefy and ship surplus US natural gas, according to experts at a Brookings Institution seminar Jan. 24. Most proposals are for existing but unused LNG import terminals on the Texas and Louisiana
See all stories on this topic »

Two Uighurs deported from Cambodia to China get life
Reuters
They also precede a visit to the United States by Vice President Xi Jinping, who is seen as China’s leader-in-waiting and who could come under criticism for the government’s handling of the unrest. Cambodia, the recipient of increasingly large amounts
See all stories on this topic »

China a formidable challenge to global trading system: US
Zee News
Davos: China is keeping its currency below its fair value and it represents a “formidable challenge” to the global trading system, US Treasury Secretary Timothy Geithner said on Friday. Sharply criticising the Communist giant`s state-led economic
See all stories on this topic »

US boat Puma hit by debris near Malacca Strait as Volvo Ocean Race leaders
Washington Post
SANYA, ChinaAmerican boat Puma received a warning of the dangers ahead after being hit by unidentified debris near the Malacca Strait, the most hazardous stretch of water the boats will face in the Volvo Ocean Race. Before the leading challengers
See all stories on this topic »

Melco Crown’s U.S. Premium to Its Hong Kong Shares Widens: China Overnight
Bloomberg
Most Chinese stocks in the US rose. The Bloomberg ChinaUS 55 Index of the most-traded Chinese equities in the US slipped 0.2 percent to 102.55 yesterday in New York, as 28 stocks rose and 26 fell. Casino operator Melco Crown surged to a three-month
See all stories on this topic »

Chinese Blockbuster ‘Flowers of War’ Leaves US Audiences Cold
Reuters
By Kurt Orzeck at TheWrap Christian Bale couldn’t entice US moviegoers to go see “Flowers of War,” the most expensive movie in Chinese history, last weekend. Nor could director Zhang Yimou of “Hero” fame. “The Flowers of War,” a dark and violent
See all stories on this topic »

Apple-Foxconn tale goes well beyond Apple, and tech
CNET
The response comes after a New York Times went into detail about how Apple’s China manufacturing efforts are a) necessary due to US inability to be nimble and b) the cost advantages of making your electronics abroad. Apple was the main target of the
See all stories on this topic »

Anti-dumping duty on morpholine from EU, China, US
Hindu Business Line
The Finance Ministry has imposed definitive anti-dumping duty on ‘morpholine’ imports from China, the European Union and the US. This duty will last for five years with effect from September 20, 2011— the date of imposition of provisional anti-dumping
See all stories on this topic »

China, Russia, US face off beneath the waves
The Korea Herald
An underwater tug-of-war is intensifying among countries such as China, Russia and the United States in the seas around Japan. Vietnamese Defence Minister Phung Quang Thanh, who comes from Vietnam’s army, requested an inspection of a Maritime
See all stories on this topic »

Obama officials back bill to hit China subsidies
Reuters
WASHINGTON (Reuters) – President Barack Obama’s administration is pressing Congress to restore an important weapon in the US arsenal against subsidized imports from China by quickly passing legislation to undo a recent federal appellate court ruling.
See all stories on this topic »

Special Report: In Mekong, Chinese murders and bloody diplomacy
Reuters
They come as the US re-engages with Asia, where Thailand is one of its oldest military allies. “This tough new China policy toward any obstacles to their Mekong commerce could in future be met with charges of gunboat diplomacy,” said Paul Chambers,
See all stories on this topic »

Solar CEOs See Boom in China Will Ease Glut in 2012: Energy
BusinessWeek
That compares with about 2.2 gigawatts installed in the country in 2011, more than double the capacity of the average nuclear reactor in the US The cost of solar panels fell 47 percent last year as Chinese manufacturers led by Suntech boosted
See all stories on this topic »

Hong Kong shares extend gains to 6th-straight gain
Reuters
(Updates to close) * HSI and HSCE both up 0.3 pct * China, US data could spur rally further: analysts * Li & Fung hits highest since May 2011 * Profit taking in outperformers cap gains By Clement Tan HONG KONG, Jan 27 (Reuters) – Hong Kong shares ended
See all stories on this topic »

Rio, Anglo CEOs See China Economic Resilience in Face of Euro Contraction
Bloomberg
China’s economic growth will remain resilient to a contraction in Europe and underpin longer-term growth in demand for raw materials, according to the heads of Rio Tinto Group (RIO) and Anglo American Plc. “For the next year, so as long as China is in
See all stories on this topic »

US to raise Tibet killings with Xi Jinping
Phayul
DHARAMSHALA, January 27: The US government has said that it will raise the recent killings of Tibetans by security forces with Chinese Vice-President Xi Jinping during his state visit next month. The US government said that it was “seriously concerned”
See all stories on this topic »

Chevron, Federated, Frontier, ResMed, WMS: US Equity Movers
BusinessWeek
(STP US) and Trina Solar Ltd. (TSL US) said China may double its installations of solar panels this year, absorbing excess production that depressed prices and margins in 2011. Suntech added 3.1 percent to $3.34. Trina rose 4 percent to $8.40.
See all stories on this topic »

Think China’s Doping Pigs? Not Nearly as Much as American Farmers Are
SF Weekly (blog)
27 2012 at 8:31 AM ​Last year, American readers clucked their tongues when news emerged from China about outbreaks of illness traced back to Chinese farmers who doped their pigs with clenbuterol, aka “lean meat powder,” to make them more muscly.
See all stories on this topic »

The Economist Adds ‘China‘ Section, First Single Country Addition in 70 Years
mediabistro.com
By Chris O’Shea on January 27, 2012 9:10 AM The Economist has added a section dedicated to China, the first new department dedicated to a single country since 1943, when the magazine added the United States. The debut of the feature will cover all
See all stories on this topic »

FBI Search Offices of ‘Reverse Merger’ Player
Wall Street Journal
There have been questions about accounting practices at dozens of Chinese companies that have gained US listings through such mergers. Last year, Securities and Exchange Commission Chairwoman Mary Schapiro said the regulator was weighing several
See all stories on this topic »

The sound of saber-rattling against China
Boston Globe
Mitt Romney wants to begin his presidency “by designating China as the currency manipulator it is.” We couldn’t impose our will on Beijing when Douglas MacArthur led an army toward the Yalu River, and we have far less power today. American consumers
See all stories on this topic »

Community Conversation: Pipeline rejection a gift to China
The Sheboygan Press
President Obama recently decided to deny a permit for construction of the Keystone XL pipeline and, in so doing, gave China a big gift: Canadian oil. He gave American citizens and workers lumps of coal instead. Canada’s oil sands formations hold an
See all stories on this topic »

US Cold War with China ‘is not designed by anybody’
Macau Daily Times
This move has led many commentators to sound the alarms of a new Cold War, this time between the US and China. Among them is Xiang Lanxin, a Professor of International Relations at Geneva’s Graduate Institute of International and Development Studies
See all stories on this topic »

Democracy V. Plutocracy, Unions V. Servitude
Huffington Post (blog)
You may have seen the recent flurry of stories about how hi-tech products are made in China. The stories focus on Apple, but it isn’t just Apple. These stories of exploited Chinese workers are also the story of how and why we — 99% of us,
See all stories on this topic »

Obama is hurting US
Kansas City Star (blog)
On a recent tour through a local Wal-Mart looking at products manufactured by GE, I found none that were made in America. They were all made in China. Our teleprompter president loaned $500 million to a company to build cars in Finland.
See all stories on this topic »

Goodwin nominated for USChina trade panel
Charleston Gazette
The man who served in the US Senate for several months after Sen. Robert C. Byrd’s death has been nominated for a panel that studies trade relations between the US and China to determine what national security and economic issues might be involved.
See all stories on this topic »

Floating-Casino Bid Turned Into China’s Biggest Aircraft Carrier Purchase
Bloomberg
After undergoing similar scrutiny by Chinese ship designers, the Minsk and Kiev were turned into floating amusement parks. ‘Foreign Technology’ Beijing’s military planners do not have a made-in-China bias, according to Robert S. Wells, a former US Navy
See all stories on this topic »

Words Not Spoken in Obama State of Union Speak Volumes Too: View
San Francisco Chronicle
We heard nothing about how best to contend with China’s growing influence and strategic reach. Instead, the president told us about how the administration’s decision to impose punitive tariffs on low-end Chinese tire imports saved 1000 American jobs
See all stories on this topic »

US Stock Futures Edge Higher Ahead Of 4Q GDP Data
Wall Street Journal
The maker of water heaters continues to see its bottom line buoyed by sales and market growth in China. US revenue also has improved on sales of energy-efficient products, though the housing market remains weak. Oil refiner and retailer, Delek US
See all stories on this topic »

Corn Seen Opening Higher on Rising Demand; Wheat May Fall; Soybeans Steady
Bloomberg
Soybean futures may open 1 cent a bushel lower to 1 cent higher in Chicago amid forecasts for beneficial rain in the next two weeks in South America and speculation that China will increase purchases next week, Roose said. Soybean-oil futures are
See all stories on this topic »

Why the U.S. Should Allow Iran to Become a Nuclear Power
PolicyMic
Since then, the Sino-American relationship has broadened, deepened, and developed new tensions, which make both countries allies and competitors in many respects. Washington did consider strategic nuclear strikes against China upon the country
See all stories on this topic »

A. O. Smith Continuing Operations Achieve Record Sales and Earnings for 2011
MarketWatch (press release)
The recently acquired Lochinvar business added $75.9 million to sales, and sales of AO Smith branded products in China grew 29 percent to approximately $370 million for the year. Higher commercial water heater volumes in North America also contributed
See all stories on this topic »

Luxury brands vie for Chinese trophy
Financial Times
Chinese shoppers have become a fixture of the luxury retail scene in the US and Europe, drawn by prices that can be up to 50 per cent lower than tax-elevated levels at home. But many upscale brands have yet to bond with the truly wealthy – China’s
See all stories on this topic »

Foreign Policy: Don’t Ask If The US Is In Decline
NPR
As co-chair of the editorial board of the journal International Security, I couldn’t be more delighted by the attention that Michael Beckley’s article questioning China’s rise (and America’s supposed decline) is getting. See here, here, and here.
See all stories on this topic »

Honda’s Ito Forecasts Return to Pre-Lehman Profits in ‘Complete Rebound’
Bloomberg
Japan’s three biggest carmakers are poised to gain market share this year at the expense of US producers led by General Motors Co. (GM) and Ford Motor Co. (F), according to five analysts surveyed by Bloomberg. ‘Unstoppable’ Motorization In China,
See all stories on this topic »

Liberia: China to Build Ministerial Complex
AllAfrica.com
During the dedicatory ceremony of the new Ministry of Health and Social Welfare Thursday, the Chinese Ambassador to Liberia, Zhao Jianhua disclosed that Beijing will grant Liberia US$50m to build a modern ministerial complex within three years
See all stories on this topic »

Why Apple hires more outside US
Times of India
Unfortunately, almost none of those people are in America. Why does Apple manufacture abroad, and especially in China? As the article explained, it’s not just about low wages. China also derives big advantages from the fact that so much of the supply
See all stories on this topic »

Ener1, Parent of US Subsidized Battery Unit, Seeks Bankruptcy
BusinessWeek
31 in Chapter 11 papers filed today in US Bankruptcy Court in Manhattan. Ener1 has been affected by competing battery developers in China and South Korea, “which generally have a lower cost manufacturing base” and lower labor and raw material costs,
See all stories on this topic »

Stanford, Morgan Stanley, BP, Apple, MF Global in Court News
BusinessWeek
Katz, 11-cv-03605, US District Court, Southern District of New York (Manhattan). North China Pharmaceutical Co. 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
See all stories on this topic »

Analysis: Asia may not be such easy pickings for Apple
Reuters
China has more than 950 million mobile phone users, more than Europe’s population, and its economy threatens to overtake the United States as the world’s largest within 15 years. Barclays Capital says Apple’s five stores in China and one in Hong Kong
See all stories on this topic »

Note to Gingrich: The ’70s called …
The Hill (blog)
His comment re: the moon base, egging us on to get there before the Chinese, might be looked at in view of the singular American conservative genius barely mentioned in the Republican debates, Dwight D. Eisenhower, who saw the moon project as a stunt.
See all stories on this topic »

Lawyerly Lairs: A Cadwalader Castle in the Sky
Above the Law
Kinney has made more placements of US associates and partners in Asia than any other firm in the past five years. You can reach them by email: asia@kinneyrecruiting.com Happy Chinese New Year! We were extremely busy the past few months, including most
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: