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U.S. China News 2012.01.31

Tue, January 31, 2012

ChinaUS Trade Relations Could Sour With Economy
Forbes
The US government sees China within the framework of a larger labor war. For years, the job market was never a top concern in Washington. But with EU again on the brink of financial disaster, according to a recent World Bank report, and the US job
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METALS-Copper falls after weak economic data from the US
Reuters
* Prospects Greece will reach debt deal support copper * Weak US data makes monetary easing more likely * China manufacturing data eyed By Harpreet Bhal and Silvia Antonioli LONDON, Jan 31 (Reuters) – Copper slipped on Tuesday as the euro fell against
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McAfee: UK, US ahead of China in cyber-defences
ZDNet UK
By Tom Espiner, ZDNet UK, 31 January, 2012 17:59 @tomespiner The UK and the US have better defences against cyberattacks than China, partly because they have better internal data-sharing practices, according to a McAfee report. The top-ranked countries
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U.S. May Slap Tariff on China’s Solar Firms
LoanSafe
by Alex Ferreras on January 31, 2012 in Latest Financial News (Source: Andrew Conte The Pittsburgh Tribune-Review) – Chinese solar panel companies are receiving illegal subsidies on “massive” imports of their products in the United States, the Commerce
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China infuriated by US-Philippines defense plans
RT
The US decision to station forces in the Philippines could have dangerous repercussions. Beijing may enact economic sanctions after Manila invited in US troops in response to an escalating territorial dispute over the South China Sea.
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US official: N. Korea likely to continue weapons policy
USA TODAY
China and Russia remain the key threats to the US in cyberspace, with “entities” in both countries “responsible for extensive illicit intrusions into US computer networks and theft of US intellectual property,” though Iran is also a player,
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Intelligence chief: Iran, Russia, China top intel threats to U.S.
Washington Times
By Shaun Waterman Iran has joined Russia and China as one of the “most menacing foreign intelligence threats” to the United States, according to the top US intelligence chief. Foreign intelligence services from these three countries “will remain the
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The Coming USChina Solar War
TIME
According to some US solar-panel manufacturers, that drop in price is due largely to low-cost imports from Chinese panelmakers. It’s not that their manufacturing methods are necessarily better than ours. It’s that government support from Beijing and
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China Meat Appetite Means Massive US Exports, AgriTrends Says
BusinessWeek
30 (Bloomberg) — US exporters will continue to see “massive demand” for meat overseas, especially from China, the world’s biggest pork consumer, according to Brett Stuart, the co-founder of farm-industry researcher Global AgriTrends.
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Infuriating Red Dragon: ‘US to target China & Iran as primary threats’
RT
America’s decision to station its forces in the Philippines, as part of its new Asia strategy, is now threatening repercussions. The State-owned China Daily called on Beijing to enact economic sanctions against Manila, after it invited in US troops in
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China rare earths safe from WTO ruling on export curbs
Reuters
* US, EU, Mexico challenged Chinese export curbs at WTO * China failed to show it used export quotas for environment * China may exploit environment loophole for export quotas (Adds legal background) By David Stanway BEIJING, Jan 31 (Reuters) – A World
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Pakisan-China trade reaches US $ 10.6 billion –
Associated Press of Pakistan
BEIJING, Jan 31 (APP): Pakistan-China bilateral trade registered an overall growth of 22% by reaching the mark of US $ 10.6 billion in 2011. Pakistan-China trade in 2010 was US $ 8.7 billion. In 2011, Pakistani exports of US $ 2.12 billion to Chinese
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Say No to a USChina Trade War
Wall Street Journal
Regarding Alisa Newman Hood’s “American Heads in the Shale About China” (op-ed, Jan. 5), Congress should look favorably on the investment by Chinese firms in US shale plays. With the vast expansion of shale gas reserves and production in recent years,
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Revive Made in USA? Easier said than done
CNN
Xu, who is Chinese American, knows the hurdles well. She has imported her candles from China and Vietnam for 17 years. But she decided to open her first factory in Maryland last June because China was becoming too expensive. In April 2009, she picked a
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China issues guarded statement on PH-US talks on increased troop presence
Minda News
BEIING (MindaNews/31 January) – China’s foreign ministry doused cold water on the heated opinions over reports Manila was open to the possibility of increased American military presence in the Philippines, a move seen to be a countermeasure to China’s
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EU: Members must share military resources to cope with change in US strategy
Washington Post
Instead, US military capabilities will in the future concentrate on Asian security risks such as China and North Korea, and build on partnerships in the Middle East to keep an eye on Iran. As a result, the Pentagon will withdraw two of America’s four
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Should you feel guilty for buying your iPhone?
CNN
By Steve Kovach, Special to CNN People stage a protest against Foxconn, which manufactures Apple products in mainland China, in May 2011 in Hong Kong. (CNN) — Last week, The New York Times gave us an inside look at what it’s like to work at Foxconn,
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Brumbies sign US college-style sponsorship
The Australian
“It might be a bit of a stretch to say rugby will be big in China but there will be Brumbies supporters there. I don’t know exactly what will happen but we at UC are trying to develop our own version of the North American system.
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Vystar® Corporation Receives its Third US Patent and First Chinese Patent for
Sacramento Bee
31, 2012 — /PRNewswire/ — Vystar Corporation (OTCBB: VYST), the exclusive creator of Vytex® Natural Rubber Latex (NRL), has received its third US and first Chinese patent for its all-natural raw material. The company now has a total of five issued
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Assignment: China — USCI series on American reporting on China
US-China Institute
For over sixty years, what American correspondents have reported about China has profoundly influenced US views of the country, and the policies of successive American governments. Interviews with these journalists are the core of Assignment: China
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Global “great power politics” returns to Mideast
Reuters
Meanwhile, the success of US and EU sanctions against Iran will be almost entirely dependent on the extent to which China joins — with growing signs Beijing views Tehran as a useful tool to divert US military force from Southeast Asia.
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Chalco Leads Index’s Drop From Four-Month High: China Overnight
BusinessWeek
The Bloomberg ChinaUS 55 Index of the most-traded Chinese equities in the US lost 1.5 percent to 102.61 in New York after closing at the highest level since Sept. 15 on Jan. 27. US shares of Aluminum Corp., also known as Chalco, had their biggest
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Locals provide China connection for US companies
OCRegister
San Clemente High School graduates Ian Foulke, Taylor Shupe and Derek Medina, from left, are operators of Blacksmith Manufacturing, which matches US companies with factories in China. That easily could have worked against him in a communist country
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China’s SAIC Motor forecasts over 40 percent rise in 2011
Reuters
By Kazunori Takada | SHANGHAI/BEIJING (Reuters) – Top Chinese automaker SAIC Motor Corp Ltd (600104.SS) has forecast a rise of more than 40 percent in 2011 net income on solid demand for German and American marques made at its Shanghai ventures.
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India, China rise makes Asia important: US
Hindustan Times
With the rise of China and India as world powers, Asia is becoming more important to America as Asian markets and suppliers drive the US economy, according to a senior US official. Flournoy, the undersecretary of defence for policy, who is leaving at
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MOEA trying to resolve US beef row: officials
China Post
The China Post news staff and CNA–Mindful of the importance of the “beef issue” to Uncle Sam, the Ministry of Economic Affairs (MOEA) is trying aggressively to resolve the dispute between Taipei and Washington over US beef exports to Taiwan by seeking
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Sri Lanka is no pearl on China’s string, Rajapaksa says
Reuters
“No one has said anything to us, not India, not even the US Even the US, the British and India are now inviting China to come and invest,” he said on Tuesday at a meeting with foreign journalists. Located just off of India’s southern tip, the island of
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Foreign Shoppers May Add $850B With Obama’s New Visas
Bloomberg
The department store chain is preparing for a potential boom by tailoring merchandise assortments to Brazilian and Chinese tastes and advertising outside of the US for the first time. “We’re expecting an enormous uptick in growth,” Gould said from the
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Heart Of China Bull Beats Strong
Forbes
The SWOT model allows us to avoid pitfalls by weighing the evidence. Lack of critical thinking sometimes leads to bubbles, such as the one taking place in the parabolic rise in the number of articles foretelling China will experience a “hard landing.
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Timeline of Tibetan protests in China
CNN
By the CNN Wire Staff (CNN) — The escalation of tensions in ethnically Tibetan regions of China is the latest in a series that have resulted in deaths, frayed ties between the United States and China, and greater pressure from Beijing against the
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Investors kick off 2012 with defensive stance: Reuters polls
Reuters
By Natsuko Waki | LONDON (Reuters) – Investors have begun 2012 in a cautious mood, with US and Japanese asset managers worried about the euro zone debt crisis cutting exposure to stocks and boosting bonds, while European accounts added risky assets,
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Should The US Take A Harder Stance On China’s Currency? (Part I)
NPR (blog)
In his latest New York Times Magazine column, Adam Davidson argues that the US should take a stronger stance against China’s currency. To continue the discussion, we asked two economists on different sides of the debate to weigh in on the following
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China’s state TV expanding, but fetters remain
The Associated Press
much as China is seeking global media stature behooving its booming economy, which now ranks second largest in the world behind the US But while Al-Jazeera’s access and deep knowledge of the Middle East — and a hands-off approach by its masters
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Why Starbucks succeeds in China
Moneycontrol.com
Howard Schultz, the CEO of Starbucks, announced that China will soon become its largest market outside the United States. It has opened over 500 outlets in the country, which are more profitable per outlet than in the US according to the chain`s Chief
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Cybersecurity Disaster Seen in U.S. Survey Detecting Insufficient Spending
Bloomberg
A US government report in November named China and Russia as the leading perpetrators of cyber espionage and said the pace of digital spying is accelerating. US companies aren’t doing enough to shield their networks from attempts to steal national
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Apple’s Ethical Blindness Selects for Criminal Suppliers in Fraud-Friendly Nations
Huffington Post
Consider this statement, which initially appears false, but reveals a great truth. “We shouldn’t be criticized for using Chinese workers,” a current Apple executive said. “The US has stopped producing people with the skills we need.
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Chinese Have Opportunity to Show Resolve in Sudan
The Media Line
The Chinese media, which are giving the affair wide coverage, have highlighted the fast-rising superpower’s shyness about protecting its citizens and investments abroad. Juxtaposed with the US’s dramatic commando raid last week to free hostages held by
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Reverse outsourcing could create up to 3 million new jobs in US
msnbc.com
Some jobs that were outsourced to China are returning to the United States. At Lincolnton Furniture in North Carolina, owner Bruce Cochrane has reopened a once-shuttered factory and is proud to announce that his company’s wood furniture is, once again,
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South China Morning Post (SCMP) Appoints Veteran Wang Xiangwei as New Editor
MarketWatch (press release)
Ms. Kuok Hui Kwong, Managing Director and CEO of the SCMP Group, said, “We have a very talented editorial team in place, whose dedication and drive for excellence in their work wins us both local and global editorial awards. When South China Morning
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China-Based Hackers Target Law Firms
Bloomberg
Easier Quarry “As financial institutions in New York City and the world become stronger, a hacker can hit a law firm and it’s a much, much easier quarry,” said Mary Galligan, head of the cyber division in the New York City office of the US Federal
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U.S. to get annular solar eclipse on May 20
New York Daily News
15, 2010. The total annular solar eclipse on Friday will be the longest one in China in 1000 years. Stargazers in the US should get ready for a show: the nation will experience it’s first solar eclipse in nearly two decades this May.
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US-Russia clash of wills over Syria set to peak at the UN
The Hindu
Aware of the opposition from Russia and China – both veto holding members of the Council – the US has by several notches stepped up its diplomatic campaign to remove Mr. Assad. To add considerable weight to the upcoming resolution, the US Secretary of
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Passport Potash Adds Former United States Congressman to the Board of Directors
MarketWatch (press release)
He was the only Member of the US Congress in America’s history who speaks Mandarin Chinese. This expertise served him well as one of the leading advocates of a positive US and China relationship. During this period Mr. Salmon was instrumental in
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Why 2012 Could Be the Year of the US Auto Industry
Chicago Tribune
debt crisis and natural disasters, can the US economy be a beacon of hope? Many signals globally suggest instability. Traditional growth economies — the oft-cited BRICs, or Brazil, Russia, India and China — are slowing their once-seismic growth;
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US can’t afford to forfeit Canadian petroleum
TheNewsTribune.com
It’s insane to forfeit the trust of Canada’s oil industry; insane to pass up crude from a friendly non-dictatorship; insane to let China nail down long-term contracts on petroleum that could instead have enhanced America’s energy security.
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