Skip to content

U.S. China News 2012.02.06

Mon, February 6, 2012

US closes Syrian embassy, presses Assad to step down
USA TODAY
6 The US evacuated all its diplomats from the country as Syrian forces intensified a shelling assault on the restive city of Homs. The offensive began Saturday, the same day Syria’s allies in Russia and China vetoed a Western- and Arab-backed
See all stories on this topic »

US Senator: China Cannot Avoid ‘Arab Spring’
Voice of America
Monday, 06 February 2012 US Senator: China Cannot Avoid ‘Arab Spring’ VOA Tibetan A leading US senator and one-time presidential candidate is warning China, “the Arab Spring is coming.” Republican Senator John McCain made the comment to Chinese Vice
See all stories on this topic »

GRAINS-US soy rises on prospect for more China demand
Reuters
China seen stepping up purchases of US soybeans * Paris wheat climbs on options-related short covering * Market eyes USDA’s supply-demand report on Thursday (Adds quotes, updates prices) By Nigel Hunt and Naveen Thukral LONDON/SINGAPORE,
See all stories on this topic »

China,US huge potential for economic co-op
China Daily
WASHINGTON – China and the United States have “huge potential” for economic cooperation, which should be more market-oriented, a leading economist of a Washington-based think tank said. “The latest ten to twelve years demonstrated that the potential is
See all stories on this topic »

China bars its airlines from paying EU carbon tax
USA TODAY (blog)
The charges are aimed at curbing emissions of climate-changing gases but governments including China, the United States and Russia oppose them. The ratings agency Fitch warned in December the conflict could spiral into a global trade dispute.
See all stories on this topic »

Chinese shrug at offensive Super Bowl ad
msnbc.com
Just in case it wasn’t clear, the website, debbiespenditnow.com, features the China flag and what one Twitter user called “chop suey” font. The message being that US government officials like Stabenow are spending so much money that it benefits China,
See all stories on this topic »

Small businesses getting help to increase exports to China
USA TODAY
By Kathy Chu, USA TODAY HONG KONG – New Orleans entrepreneur Kyle Berner is taking his all-natural rubber flip-flops to one of the world’s fastest-growing markets: China. By Sara D. Davis, for USA TODAY By Sara D. Davis, for USA TODAY This year,
See all stories on this topic »

China-bashing hides lack of US plan
The Australian
Romney’s longstanding efforts to paint himself as someone willing to “stand up to China” exemplifies an alarming trend of China-bashing in US politics. Rick Santorum has echoed Romney, declaring, the US has a moral obligation to defeat China’s “godless
See all stories on this topic »

Exclusive: Asia buys record Africa oil volumes after Iran cuts
Reuters
Asian imports of West African crude oil will hit an all-time high in the first quarter as purchases of Iranian oil decline and as Chinese and Indian refiners build stocks from alternative sources, trade and shipping sources said. North American
See all stories on this topic »

Is The U.S. Leading the Global Economy Out of a Downturn?
Motley Fool
For ideas, we created a universe of BRIC (Brazil, Russia, India, China) stocks trading on the US exchanges. We then collected data on short-selling activity, and identified a list of companies that have seen significant short covering over the last
See all stories on this topic »

Insurance Auto Auctions Paves the Way for Recycling U.S. Salvage Vehicles in China
MarketWatch (press release)
Chenlong Recycling is one of the first companies to obtain one of only a few recycling permits from the Chinese government that allows the import of salvage vehicles for the purpose of recycling. “This agreement helps us achieve our growth strategy by
See all stories on this topic »

On China, Donald Trump Brings Out the Worst in Mitt Romney: View
San Francisco Chronicle
An exception is China. Last week, accepting the endorsement of Sinophobe Donald Trump, Romney declared that “on my first day in office,” he will slap tariffs on any Chinese goods that arrive on American shores through “unfair trade practices” that
See all stories on this topic »

Chinese Nod for Citibank Credit Cards May Signal Market Opening
BusinessWeek
New York-based Citigroup is the second foreign bank, and the first Western one, to be permitted to issue credit cards in China. The announcement today came as the World Trade Organization, acting on a US complaint, probes the legality China’s refusal
See all stories on this topic »

Asian Stocks Advance as US Jobs Data Boosts Economic Optimism
BusinessWeek
Agricultural Bank of China Ltd., the nation’s third-biggest lender by market value, dropped 2 percent amid concern that a worsening of Europe’s crisis will hurt China’s economic growth. “There’s a modestly constructive outlook for share markets,” said
See all stories on this topic »

The other side of China’s ascent
Business Spectator
Is the US in relative economic decline to China? In a recent article in International Security, I say ‘no’. In a post on The Interpreter, Mark Thirlwell says ‘yes’. Who’s right? The answer is: we both are, but only by our own definitions of decline.
See all stories on this topic »

Will America’s Solar Civil War Destroy The Industry?
TPM
Behind the headlines of a looming solar trade war between the US and China is a messy fight between two major sectors of the American solar industry — manufacturers against ‘downstream’ companies. The fight is centered on SolarWorld America,
See all stories on this topic »

Harper China delegation includes oil, banking executives
CBC.ca
China’s total investment in Canada used to add up to millions of dollars, but since 2009 has increased to up to $20 billion. It has come with a shift in this country from relying solely on the United States as the only buyer of Canadian oil and gas
See all stories on this topic »

US calls China, Russia UN veto on Syria a “‘travesty”
GlobalPost
Hillary Rodham Clinton, US Secretary of State, addresses the media in response to the Syrian massacres at the 48th Munich Security Conference at Hotel Bayerischer Hof on February 4, 2012 in Munich, Germany. (Johannes Simon/Getty Images) The United
See all stories on this topic »

Pepperdine University’s Graziadio School of Business and Management To Host
MarketWatch (press release)
LOS ANGELES, Feb 06, 2012 (BUSINESS WIRE) — Pepperdine University’s Graziadio School of Business and Management and ChinaMart(R) Los Angeles will host a seminar on USChina trade relations and shared economic interests on February 16, 2012,
See all stories on this topic »

China’s Loss in Trade Appeal a Boon for U.S. Businesses
woodworkingnetwork.com (blog)
Not only could it set a precedent for the US and other countries to challenge China’s export restrictions on other materials, but it could also lead to other rulings that would ultimately level the playing field for the entire manufacturing sector.
See all stories on this topic »

Sino Payments’ merger partner signs US$1.5 mln Chinese contract
Proactive Investors USA & Canada
Sino Payments (OTCQB:SNPY) told investors today that a subsidiary of TAP Investment Group, has signed a US$1.5 million contract in China. The contract is with Wincor Nixdorf and is for the supply of helpdesk, hardware and sofware services to more than
See all stories on this topic »

The real source of American prosperity
Chicago Tribune
The US needs all the jobs it can get, and we’re all for employers bringing factory work back here from China and other foreign locales. We support American manufacturing — period. But the nation is not going to see the return of loads of jobs that
See all stories on this topic »

US Official: China and Russia will regret UN vote
Atlanta Journal Constitution
AP WASHINGTON — UN Ambassador Susan Rice says China and Russia are running of risk of suffering the same sort of international isolation as Syria’s Bashar Assad because of their decision to block a UN Security Council vote embracing an Arab League
See all stories on this topic »

Top Oversold U.S.-Listed Chinese Stocks for the Week Ended Feb 05, 2012
China Analyst
E Commerce China Dangdang Inc (ADR) (NYSE:DANG) is the most oversold US-listed Chinese stock for the week. It was down 15.2% in the week. DANG’s upside potential is 13.3% based on brokerage analysts’ average target price of $8.01.
See all stories on this topic »

India, China in no position to preach to a ‘declining West’
Firstpost
China too faces enormous risks. AFP There can be no doubt that the West’s military mastery and economic edge have been severely diminished recently. In 2000, America’s GDP was eight times larger than China’s; today it is only twice as large.
See all stories on this topic »

Local firms vie for Yum’s slice of China market
Reuters
Twenty-five years after Yum introduced China to American-style fast food with its first fried chicken store, the two US giants are facing a plethora of Chinese and Asian eatery chains that are steadily munching away at their market share.
See all stories on this topic »

Council on Competitiveness Speaks in Support of Recent WTO Ruling on US
MarketWatch (press release)
In remarks earlier today, Council President and CEO, Deborah L. Wince-Smith stated: “This ruling will improve US manufacturing competitiveness by removing market-distorting policies that unfairly advantage Chinese producers.
See all stories on this topic »

Michigan universities recruit Chinese students to add diversity, revenue
Crain’s Detroit Business
The University of Detroit Mercy in 2005 had just one student from China. In 2011, there were 124. “China really opens up a new market for American universities,” said Kevin Kucera, associate vice president for student affairs and enrollment management
See all stories on this topic »

China Global Media, Inc. Announces Financial Performance Goals for Fiscal
MarketWatch (press release)
Based on the strong financial performance achieved in fiscal year 2011, CGLO attempts to achieve annual turnover of US $80 Million and annual profit of $15 Million in fiscal year 2012 and achieve annual turnover of US $150 Million and annual profit of
See all stories on this topic »

It’s All Greek To Us All
Resource Investor
The pre New Year’s shopping period in China is roughly the equivalent of what happens in the malls of America between Thanksgiving and Christmas. The recent drops in real estate values have clearly put a damper on consumer spending patterns and the
See all stories on this topic »

China Risks 4-Point Growth-Rate Cut If Europe Worsens: Economy
BusinessWeek
3 showed employers in the US added 243000 jobs in January, exceeding the most optimistic estimates in a Bloomberg News survey. The MSCI Asia Pacific Index rose 0.4 percent as of 6:28 pm in Tokyo. China’s economy is unlikely to experience a “hard
See all stories on this topic »

The basics of Chinese inbound investment deals
MarketWatch
By Andrew Ross BEIJING ( Caixin Online ) — An accelerating number of Chinese companies are engaging in acquisitions and joint ventures in the United States and while it’s generally understood that a large number of other Chinese companies are also
See all stories on this topic »

Apple’s China Problem – and Ours
Sustainable Business Forum
The Apple-in-China story is also brought to life by Mr. Daisey and the Apple Factory, a lively, provocative episode of public radio’s This American Life, in which an actor-turned-reporter named Mike Daisey investigates conditions at a Foxconn factory
See all stories on this topic »

Obama leads from behind; the Middle East reels
Washington Post (blog)
Foreign Policy’s Josh Rogin reported that, in the wake of the veto by China and Russia in the UN Security Council seeking tougher measures against Bashar al-Assad and support for the civilian uprising, the US administration is stumped: Now that Russia
See all stories on this topic »

China’s Qihoo 360 Says Its Mobile Apps Removed From Apple Store
BusinessWeek
6 (Bloomberg) — Qihoo 360 Technology Co., a Chinese developer of computer security software, said it’s seeking information from Apple Inc. after its products were removed from the US company’s online store for wireless applications.
See all stories on this topic »

Sohu.com Reports Fourth Quarter and Fiscal Year 2011 Unaudited Financial Results
MarketWatch (press release)
In 2011, the internet population in China exceeded 500 million and we witnessed a continuing trend where marketing spending by brand advertisers has been shifting from offline to online.” Total revenues for the fourth quarter of 2011 were US$246
See all stories on this topic »

TEXT-S&P asgns ‘A+’ rtg to Sun Hung Kai Properties’ notes
Reuters
Feb 06 – Standard & Poor’s Ratings Services today assigned its ‘A+’ long-term issue rating and ‘cnAAA’ long-term Greater China credit scale rating to the proposed issue of 10-year US-dollar fixed-rate, senior unsecured notes by Sun Hung Kai Properties
See all stories on this topic »

The Week in Solar
Motley Fool
As I said last week, the issue of Chinese subsidies and potential US tariffs on Chinese solar imports is a more complex issue than it first appears. The US is actually a net exporter of solar products and new tariffs could cost the industry 60000 jobs
See all stories on this topic »

Canada looks to China after Keystone failure
ForexLive (blog)
By Adam Button || February 6, 2012 at 17:07 GMT Canadian PM Harper is in China this week to meet senior leaders. The American rejection of a pipeline that would have brought Canadian oil to the Gulf of Mexico has sparked talk of a Chinese-funded
See all stories on this topic »

Toxic treats? Owners say China-made product killed dogs; FDA issues warning
Knoxville News Sentinel
Parker was stunned to learn the US Food and Drug Administration has been investigating since 2007 a “potential association” between China-made chicken dog treats and ill dogs; the FDA updated its warning the very day Sarge ate the treat.
See all stories on this topic »

Bullard bullish on US economic data
China Daily
By Steve Matthews (China Daily) ATLANTA, United States – Federal Reserve Bank of St Louis President James Bullard said reports on the United States economy such as the better-than-expected employment data indicate that more Fed purchases of bonds
See all stories on this topic »

The future of the world economy
Orlando Sentinel
The currency dispute with China is a case in point. For years, American presidents have failed to persuade China to stop undervaluing its currency and, thereby, subsidizing exports and penalizing imports. Indeed, some economists argue that China’s
See all stories on this topic »

Susan Tompor: Kid Rock’s clothing line says ‘Made in Detroit’ — but isn’t
Detroit Free Press
I’ll admit my first reaction was: Who has any clothes that aren’t made somewhere else, outside the US? Are the “Made in Detroit” shirts made in China? I did some shopping and later reached out to Made in Detroit, a trademark owned by an entity called
See all stories on this topic »

Defense Cuts Sap Obama’s Asia Pivot
Wall Street Journal
After months of uneasily watching Washington’s budget debates, Asian allies are increasingly fearful that proposed cuts will reduce America’s commitment to the region just as China’s power and territorial assertiveness are growing.
See all stories on this topic »

US Revenue Up Coal Exports As Domestic Demand Dwindles
Fox Business
Higher sales prices in Asia and Europe have made sending coal to those markets more attractive, while US emissions regulations and competition from cheap natural gas limit domestic demand. Fast-growing China and India have been sucking up shipments to
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: