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U.S. China News 2012.02.01

Wed, February 1, 2012

Asian Stocks Swing Between Gains, Losses on China, US Data
BusinessWeek
1 (Bloomberg) — Asian stocks swung between gains and losses as weaker earnings and US economic data that trailed estimates offset a report that showed China’s manufacturing industries unexpectedly expanded last month. LG Display Co., a maker of
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Oil moves above $99 in Europe amid positive economic data from China, US crude
Washington Post
Oil prices inched above $99 a barrel Wednesday as investors weighed encouraging economic data from China against a jump in US crude inventories and signs of sluggish growth. By early afternoon in Europe, benchmark crude for March delivery was up 63
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Copper Futures Rise as Manufacturing Gains in China, US, India
BusinessWeek
1 (Bloomberg) — Copper futures rose, snapping a three-session slump, as manufacturing gains in Asia and the US bolstered prospects for metal demand. In January, a purchasing managers’ index gained in China, the world’s top copper buyer.
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Weighing Both Sides of the ChinaUS Solar Panel Manufacturers Trade Dispute
RenewableEnergyWorld.com (blog)
SolarWorld USA is leading the group of firms that have formed the Coalition for American Solar Manufacturing, demanding President Obama impose tariffs and duties on Chinese panel and silicon cell makers to offset their losses.
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UK Stocks Advance as Manufacturing Gauges Rise in China, US
BusinessWeek
1 (Bloomberg) — UK stocks rose by the most in a month as manufacturing gauges climbed in China and the US, adding to optimism that growth in the world’s two largest economies will boost earnings. BP Plc rallied 2.6 percent after a judge ruled that
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Copper May Rise on China, US Manufacturing Gains: LME Preview
BusinessWeek
1 (Bloomberg) — Copper may advance for the first time in four days in London as manufacturing indexes rose in China in January and may have accelerated in the US, boosting the demand outlook in the two biggest consumers of the metal.
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European Stocks Rise on Signs Manufacturing Grows in U.S., China
San Francisco Chronicle
1 (Bloomberg) — European stocks advanced for a second day, with the Stoxx Europe 600 Index extending its best start to a year since 1998, amid signals that manufacturing growth is gathering pace from America to China. US index futures climbed,
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Indian Army preparing for limited conflict with China: US intel chief
Times of India
A top US intelligence official on Wednesday said that the Indian Army is strengthening itself for a “limited conflict” with China. WASHINGTON: Noting that India is increasingly getting concerned about China’s posture on its border,
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47 Signs That China Is Absolutely Destroying America In The Global Economy
Business Insider
Well, that is what China is doing to the United States. China is absolutely destroying America on the global economic stage. Once upon a time, the Chinese economy was a joke and the US economy was the most powerful the world had ever seen.
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TSX up on Chinese, US manufacturing data, hopes for strong US jobs report
CanadianBusiness.com
The Chinese government also announced stimulus for the struggling private business sector in the form tax breaks and a US$2.5-billion fund to finance new small businesses. China has been a main pillar of support for a global economy still struggling to
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Hong Kong Stocks Decline as US Confidence Unexpectedly Falls
BusinessWeek
1 (Bloomberg) — Hong Kong stocks fell after US consumer confidence trailed economists’ projections and Chinese manufacturing growth stoked speculation the mainland may not ease lending curbs. Li & Fung Ltd., a supplier of toys and clothing to Wal-Mart
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Exclusive: US accuses China of instigating plot against DuPont
Reuters
By Dan Levine | SAN FRANCISCO (Reuters) – Chinese government representatives directed a US businessman to obtain valuable technology manufactured by chemical giant DuPont and US authorities were seeking on Wednesday to keep him in jail ahead of his
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Markets buoyant as focus turns to US economy in run-up to monthly jobs data
Washington Post
LONDON — Solid manufacturing surveys from around the world combined with evidence that the US jobs recovery is gaining steam to boost markets on Wednesday, as concerns over Europe’s debt crisis eased. After data showing that China’s manufacturing
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How China Will Conquer The US Auto Industry
Forbes
For years now, Americans have been bracing for the onslaught of Chinese-made cars being imported into the United States. The concern is that cheaper Chinese models would eat up market share from car companies already established in the US If the
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US expresses concern over cyber threats from China, Russia
Gant Daily
Citing a rise in cyber threats, National Intelligence Director James Clapper told lawmakers, “Among state actors, we’re particularly concerned about entities within China and Russia conducting intrusions into US computer networks and stealing US data.
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US Senators introduce resolution on deteriorating situation in Tibet
Indian Express
Voicing serious concern over the deteriorating situation in Tibet, six top American Senators have introduced a resolution in the US Congress asking China to suspend implementation of religious control regulations and immediately start a dialogue with
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Karl Marx Tells Us About Chinese Manufacturing Wages and Silicon Valley Interns
Forbes
We could argue about different levels of productivity but that’s likely to end up with us arguing that the Chinese should be paid more than the interns: they’re likely to produce something saleable after all. The interns are, in one way of looking at
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Chinese travelers are seeing the USA in record numbers
USA TODAY
By Roger Yu, USA TODAY By Jack Gruber, USA TODAY A Chinese tour group at the Korean War Veterans Memorial with the Washington Monument in the background. By Jack Gruber, USA TODAY A Chinese tour group at the Korean War Veterans Memorial with the
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Canadian dollar advances on higher commodities, Chinese manufacturing data
Winnipeg Free Press
Related Items Articles TSX up on Chinese, US manufacturing data, hopes for strong US jobs report TORONTO – The Canadian dollar was higher Wednesday with traders encouraged to take on more risk following positive economic data for China and encouraging
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U.S. stocks higher on upbeat overseas data
MarketWatch
By Kate Gibson, MarketWatch NEW YORK (MarketWatch) — US stocks rallied Wednesday as economic data from China and Europe beat expectations and a gauge of US manufacturing showed expansion. “The movement in the market today has a lot to do with positive
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PF Chang’s: Good old Chinese food with an American twang
Philippine Star
You must have heard about it from a friend or relative who frequently travels to the US. Or maybe even tried it yourself on a trip to the US. And the delicious news is that now, it’s here! PF Chang’s China Bistro just opened its first restaurant in the
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US using rules to contain China
People’s Daily Online
By Ruan Zongze (People’s Daily Overseas Edition) US President Barack Obama mentioned China five times in his 2012 State of the Union address on Jan. 24. “I will not stand by when our competitors do not play by the rules. We have brought trade cases
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China-Russia ‘Eurasian’ Military Alliance Against United States
DBKP – Death By 1000 Papercuts
China spent 1/3 of its national Capital Investment on dispersal and tunneling between 1966-1979.” China and Russia, the ‘ants’ to our ‘grasshoppers’. America’s Civil Defense shelters prevalent during the early to mid-1960′s have disappeared.
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US, China earn low cyber defense ranking
DoD Buzz
By Michael Hoffman Tuesday, January 31st, 2012 7:25 pm US military cyber experts play on American fears of Chinese hackers shutting down US power plants and financial systems to justify massive investments in cyber improvements for the Defense
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US drought and Chinese reserves key for cotton market
Western Farm Press
The increase would come largely as a result of the drop anticipated in planted acres in China and around the globe because of strong soybean and corn prices. China may concentrate more acres on grain crops, because they’re still trying to get a better
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TSX climbs on Chinese economic data, hopes for strong US jobs report
Winnipeg Free Press
Related Items Articles Canadian dollar advances on higher commodities, Chinese manufacturing data The Canadian dollar traded above parity with the greenback, up 0.47 of a cent to 100.19 cents US. US markets were also higher with traders also encouraged
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Markets buoyant as focus turns to US
Seattle Post Intelligencer
With figures showing that China’s manufacturing sector is growing solidly and Europe’s performing better than forecast, investors are hopeful that equivalent US figures later will show the recovery in the world’s largest economy gaining steam.
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Can the U.S. Learn From China’s Solar Manufacturing Subsidies?
Motley Fool
By Travis Hoium | More Articles China is eating our lunch when it comes to manufacturing growth and job creation. Despite America’s superior innovation and technology development, the Asian country has won the manufacturing battle for PCs,
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US trucks, China contract lift Johnson Matthey
Reuters Africa
LONDON, Feb 1 (Reuters) – Johnson Matthey, the world’s largest supplier of catalytic converters for vehicles, expects second-half profits to be “slightly ahead” of the first, after a third quarter boosted by Chinese sales and North American truck sales
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Russia, China oppose ‘forced regime change” in Syria
Reuters
The United States strongly backed the call by the Arab League and Qatar for “rapid and decisive action”, which came as Assad’s government forces reasserted control of Damascus suburbs after beating back rebels at the gates of the capital. “China is
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US diplomat says US open to North Korea diplomacy
Boston.com
31, 2012 photo, North Korea’s under-14 team 4.25, run by North Korea’s military athletes corps, leave from the stadium after they boycotted a scheduled game at Kunming in China’s Yunnan Province. The North Korean youth football team has boycotted a
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Hong Kong plans US$10 billion boost to economy
Taipei Times
Tsang said he saw “bleak economic prospects” for Europe and the US. Like China, Hong Kong has a property market that is cooling because of government curbs, with Barclays Capital predicting prices could fall as much as 25 percent by next year.
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The US and China are behind nearly 40 per cent of global hacking
Inquirer
The firm’s data show that the US and China top the hacking charts, accounting for 38.3 per cent of the world’s hacking attempts and costing the global economy more than $43 billion each year. The UK ranks in 15th place, making up just 1.7 per cent of
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Dangdang Lures ‘Bottom Fishers’ After 84% Drop: China Overnight
BusinessWeek
Known as Dangdang, E-Commerce sank 84 percent last year as short sellers bet against some US-listed stocks amid fraud allegations directed at Canada-traded Sino-Forest Corp. After government data showed China’s economy grew at the slowest pace in 10
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Global shares, euro firm as growth fears ease
Reuters
the euro recovered from week lows on Wednesday after official data showed an unexpected expansion in China’s powerful factories in January and the first growth in German manufacturing in four months. US equity markets look set to extend the gains,
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Asian Shares End Mixed After Soft U.S. Data
NASDAQ
Australian shares lost ground, dragged down by banks and miners, as data showing a mixed picture of manufacturing activity in China, the uncertainty surrounding Greece’s debt talks and soft US housing data prompted profit taking.
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Gold rises as US dollar falls on manufacturing data
Proactive Investors UK
Gold was on the rise today as stronger than expected manufacturing data that was released in China and Europe reduced demand for the safe haven US dollar, an alternative investment to the yellow metal. China’s official PMI index for January came in at
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Oil inches above $99 on China data, US supply jump
Newsday
Click here Oil inches above $99 on China data, US supply jump Originally published: January 31, 2012 10:24 AM Updated: February 1, 2012 7:57 AM By The Associated Press PABLO GORONDI (Associated Press) Oil prices inched above $99 a barrel Wednesday as
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Copper Extends Gains on US Manufacturing: Commodities at Close
Bloomberg
BASE METALS Copper rose in New York, extending its best start to a year since 2003, as stronger gauges of manufacturing in China and India bolstered demand prospects. Copper for March delivery climbed 1.3 percent to $3.839 a pound on the Comex in New
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US stock futures remain up after ADP; Amazon off
MarketWatch
US stock-index futures were already higher as Wall Street took a positive read on manufacturing surveys out of Europe and China. “Better economic news out of China and Europe, and a slew of economic US data indicating the economy is not losing momentum
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Stocks surge amid optimism about China, Europe
msnbc.com
US stocks rallied Wednesday, with all major indexes up more than 1 percent, as upbeat economic data from China and Germany eased concerns about the global economy, while Greece neared a long-delayed deal on a debt swap. China’s factory sector expanded
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U.S. Manufacturing Increases at a Faster Pace as ISM Index Climbs to 54.1
Bloomberg
Enlarge image ISM Index of US Manufacturing Increased to 54.1 ISM Index of US Manufacturing Increased to 54.1 Daniel Acker/Bloomberg A worker uses a cutting torch during the production of flighting, which is the blade portion of an auger,
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Why Everything is Made in China & What it Means for U.S. Jobs
CMSWire
By J. Angelo Racoma (@jangelo) Jan 31, 2012 Virtually everything today is manufactured in China. While it used to be that gadgets, gizmos and other products were made in the US, Taiwan or a brand’s home country, businesses are now outsourcing mostly to
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Chinese Seller’s Item Location Stirs up Confusion
AuctionBytes Blog (blog)
There was an interesting discussion on one of the eBay boards recently about whether the “Item Location” on a listing was misleading, because it showed as “US,” but the item, a cell phone case, actually shipped from China. “My daughter bought a cell
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Brazil Real Climbs as China Manufacturing Boosts Growth Optimism
BusinessWeek
China’s official purchasing managers’ index increased to 50.5 in January from 50.3 in December, exceeding the median estimate in a Bloomberg News survey for a reading below the 50 level that divides expansion from contraction. In the US, the Institute
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A globalizing private sector, a government overwhelmed by corporate money
Baltimore Sun (blog)
Apple Inc.employs 43000 people in the United States but contracts with more than 700000 workers abroad. It makes iPhones in China both because wages are low there and because its Chinese contractor can quickly mobilize workers from company dormitories
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US IPO Index concludes January, second best month since 2009
Renaissance Capital
The FTSE Renaissance US IPO Index (IPOS) is coming off its second best monthly performance since April 2009, generating a 10.1% return in January. The US IPO Index strongly outperformed both the S&P 500 (+4.4%) and the Russell 3000 (+5.0%) and recorded
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