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U.S. China News 2012.02.09

Thu, February 9, 2012

China, US clash on Syria, other global issues ahead of Xi Jinping visit
Washington Post
BEIJING — On the eve of Chinese Vice-President Xi Jinping’s official visit to Washington, the country’s vice foreign minister in charge of US affairs said the two countries now suffered from a “trust deficit” that the trip might help resolve.
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China Says Chongqing’s Wang Spent a Day in U.S. Consulate
Bloomberg
China said Wang Lijun, deputy mayor of Chongqing and protege of one of the nation’s most powerful leaders, spent one day in the US consulate in Chengdu earlier this week, fueling speculation about a political shakeup. China’s official Xinhua News
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Exclusive: US military seeks more access in Philippines
Reuters
US MILITARY “HARDWARE” Apart from training and exercises, the two countries discussed US military assistance, including equipment and data to enhance “domain awareness” in the South China Sea. A second Hamilton-class cutter will be transferred to the
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Chinese-born American acquitted of espionage
CBS News
CHICAGO – A federal judge convicted a Chinese-born American Wednesday of stealing trade secrets but acquitted her of more serious charges of corporate espionage at a trial in Chicago that highlighted fears about China pilfering US company secrets.
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Exclusive: US squeezes French-led satellite maker over China
Baltimore Sun
WASHINGTON (Reuters) – The United States has threatened action that could disrupt a French-led satellite maker’s supply chain, spurred by suspicion that it illegally used US know-how or parts in spacecraft launched by Chinese rockets. investigation of
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US Embassy in China will streamline visa applications, hire more people to
Washington Post
BEIJING — The US Embassy in China is promising to streamline visa requests and hire more people to process applicants as part of President Barack Obama’s push to boost tourism to the United States. The embassy said in a statement Thursday that it will
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Suntech Leads NY Stock Climb on Solar Demand: China Overnight
BusinessWeek
9 (Bloomberg) — Chinese solar companies climbed, driving an index of the nation’s stocks traded in New York to gain the most in a month, as Renewable Energy Corp. ASA said demand for the technology is shifting to Asia and the US Suntech Power Holdings
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Beijing Joins Team Anti-America
Wall Street Journal
Associated Press China votes with Russia and against the West. This willingness to act in a way so far counter to what would appear to be its normal interest is an important signal. Beijing is sending a message about its evolving attitude toward the US
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Chinese espionage cases touch DuPont, Motorola
Reuters
By Dan Levine and James Kelleher | SAN FRANCISCO/CHICAGO (Reuters) – US prosecutors expanded a criminal case over the alleged theft of industrial secrets from chemical giant DuPont, securing an indictment against a Chinese company on economic
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Singapore Warns US Against Anti-Chinese Rhetoric
International Business Times
By Palash R. Ghosh: Subscribe to Palash’s RSS feed The Foreign Minister of Singapore has warned the US against the rising tide of anti-Chinese rhetoric coming out of Washington DC, ahead of a visit to the US by Chinese Vice President Xi Jinping’s next
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The United States vs China: a duel to the debt
Daily Caller
Today, the struggle between debtor and creditor pits the United States — the world’s largest debtor nation — against rising superpower China. With more than $15 trillion in outstanding public debt, Uncle Sam is in hock to China to the tune of a cool
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Easing the US Visa Hassle for Tourists Who Shop
BusinessWeek
The average Chinese tourist spends $6000 while in the US, according to the Commerce Dept. In January, President Barack Obama gave the State Dept. 60 days to come up with a way to decrease the time that Chinese and Brazilian tourists have to wait for a
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USChina Agricultural Symposium a springboard for trade
Western Farm Press
In 2011, China moved into the top spot as the No. 1 market for US agricultural goods, purchasing $20 billion in US agricultural exports. The value of US farm exports to China supported more than 160000 American jobs in 2011, on and off the farm across
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Daimler AG sees Q4 profits rise 57 percent as Mercedes enjoys buoyant sales in
Washington Post
FRANKFURT, Germany — Strong sales of Mercedes luxury cars in China and the United States helped German automaker Daimler AG post a stronger than expected 57 percent increase in fourth quarter profits. The Stuttgart-based company made net profit of
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Biden, Xi Discuss Upcoming US Visit
Voice of America
February 08, 2012 Biden, Xi Discuss Upcoming US Visit Dan Robinson | White House The US and Chinese vice presidents have conferred by telephone ahead of next week’s visit to the White House by China’s vice president Xi Jinping, who is expected to
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Gold inches up on China inflation, Greek hopes
Reuters
US gold gained half a percent to $1740.30. “Once the higher CPI (consumer price index) came out, inflation worries prompted traditional buyers to come in quickly,” said a US-based trader. China’s annual inflation rate accelerated to 4.5 percent in
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China Military Growth Spurs Asia Demand for Boeing, Lockheed
BusinessWeek
10 (Bloomberg) — China’s surging defense budget, the world’s second-biggest, is helping spur military spending across Asia, offering US and European suppliers a chance to offset slowing demand at home. Lockheed Martin Corp. and Boeing Co. fighters
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Iran, China, Af-Pak dominates Mathai’s talks in US
Hindustan Times
PTI India’s insistence on continuing to buy Iranian oil defying US sanctions, drawing common approach on China, Af-Pak situation and peace negotiations with Taliban dominated the talks of Foreign Secretary Ranjan Mathai who concluded his maiden
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Ex-US speaker urges China for dialogue on Tibet
IBNLive.com
Dharamsala: Former US speaker Nancy Pelosi has said there is a need for the Chinese government to change its repressive policies regarding Tibet, a statement said on Thursday. “In recent weeks, the Chinese government has intensified its crackdown;
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China and US can still cooperate on Syria issue: diplomat
China Daily
BEIJING – A senior Chinese diplomat on Thursday said China, the United States and other countries can still cooperate on the Syria issue, although they hold different stances on a recent UN Security Council draft resolution. It is natural for the five
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Could Strong Chinese Currency Boost U.S. Economy?
U.S. News & World Report
By Danielle Kurtzleben China is the second-largest economy in the world and last year edged out the US as the world’s top manufacturer, according to IHS Global Insight. While their economy grows, the country is hoping its currency—the renminbi—will
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China’s January Exports Probably Fell, Minister Says Before Data
BusinessWeek
Overseas sales last month “cannot make us optimistic” and are “expected to have negative year-on-year growth due to Chinese New Year and other factors,” Chen said yesterday in a written response to Bloomberg News. “Chinese trading companies
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China’s Quiet Role in Pressuring Iran
Center For American Progress
Over the past three years, the Obama administration took important steps to make China a part of a new international consensus demanding accountability from Iran over its nuclear program. To accomplish this goal, the United States engaged in an
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Pete Hoekstra releases 2nd ad; Senate candidate Clark Durant points out
Detroit Free Press
By Dawson Bell / Detroit Free Press Lansing Bureau LANSING – Republican US Senate candidate Clark Durant debuted a TV commercial this morning in response to the controversial USChinese debt ad of rival Pete Hoekstra. The Durant ad labels Hoekstra as a
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Lenovo beats Q3 net forecasts by raising market share
Reuters
Its market share in China rose 3.1 percentage points year on year to 35 percent during the reporting quarter, the company said. “It is also doing pretty well in certain mature markets. The United States for example, has gained market share as some
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China inflation spike pricks policy easing expectations
Reuters
By Kevin Yao and Nick Edwards | BEIJING (Reuters) – China’s annual inflation spiked to a consensus-busting 4.5 percent in January as spending jumped during the Chinese Lunar New Year holiday season, breaking a five-month softening trend and forcing a
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China power giants flex muscles abroad
Reuters
The State Grid, China’s biggest electrical utility, has already bought seven grid operators in Brazil for $1.7 billion. Three Gorges chairman Cao Guangjing has said his company hopes to cooperate with EDP in eastern Europe and South America.
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Cricket council praises Afghanistan, look to US, China
AFP
SHARJAH, United Arab Emirates — Afghanistan’s rise from war to wickets has delighted the International Cricket Council as it looks to far, far bigger markets — mighty China and the United States. Tim Anderson, the International Cricket Council’s (ICC
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China Global Media, Inc.’s Automobile Advertisement Sector Has Entered a Total
MarketWatch (press release)
The total advertisement fee that Company expects to receive in fiscal year 2012 under this agreement is approximately US $2.6 Million. In the start of Year 2012, North Latitude has entered advertisement agreements with three major automobile companies
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As China’s Next PM Prepares for America Visit, Mitt Romney’s Threats of Trade
PolicyMic
Xi Jinping, the man that will likely be China’s prime minister later this year, will visit the US next week on a trip that will take him to California and Iowa, in addition to Washington. The visit will allow China’s future leader to develop
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American Superconductor Drops on Wider Loss, Lower Forecast
BusinessWeek
The US supplier contends that Beijing-based Sinovel, China’s largest turbine maker, is illegally using its intellectual property. A former AMSC employee pleaded guilty to charges including economic espionage in an Austrian court in September and said
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China Puts US Auto Industry At Risk: Steel And Auto Unions Tell Uncle Sam To
Manufacturing & Technology News
By Richard A. McCormack The federal government needs to initiate a comprehensive trade case against China in order to save hundreds of thousands — or perhaps as many as 1.5 million — jobs in the US automobile industry, according unions and trade
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Biden meets human rights advocates on China
Reuters
“They discussed the deterioration of China’s human rights situation, prospects for reform, and recommendations for US policy,” the White House said. “He reiterated his view that greater openness and protection of universal rights is the best way to
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China to launch US TV service
iAfrica.com
Chinese state broadcaster CCTV is launching its American service this week as part of a major overseas expansion drive aimed at boosting China’s international influence. The network said Wednesday that Washington-based CCTV America will eventually
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Managing Insecurities Across the Pacific
Center For American Progress
Both the United States and China must come to grips with the reality of their interdependence and must manage their insecurities about each other’s intentions. By Nina Hachigian | February 9, 2012 President Barack Obama signaled to the world last year
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US OPENING NEWS INCLUDING: China may lend Europe up to EUR 100bln for its
Proactive Investors UK
US regulators are preparing to announce a settlement worth USD 39.5bln that would resolve allegations that five leading banks systematically abused borrowers in their pursuit of improper home seizures. (FT-More) Chinese CPI (Jan) Y/Y 4.5% vs.
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China Passenger Car Sales Tumble 24% on Earlier-Than-Usual Lunar New Year
Bloomberg
German and US carmakers gained 1.7 percentage points and 1.5 percentage points, respectively, in market share last month at the expense of Chinese and Japanese brands, according to CAAM’s statement today. Volkswagen (VOW)’s Passat sedan was the top-
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US, Japan closer to moving many Okinawa Marines
Albany Times Union
(AP Photo/CCTV via APTN) TV OUT, CHINA OUT Japanese Foreign Minister Koichiro Gemba speaks during a news conference at the ministry in Tokyo Wednesday, Feb. 8, 2012. The transfer of thousands of US Marines to Guam will not require the prior closure of
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Summary Box: Chinese state TV to debut in US this week as part of overseas push
Washington Post
INTERNATIONAL PUSH: Chinese state broadcaster CCTV is launching its American service this week as part of a major overseas expansion aimed at boosting China’s international influence. DETAILS: Washington-based CCTV America will eventually offer four
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Shanda Games Brings 3D MMORPG RIFT to China
Sacramento Bee
Games”) announced today that it has entered into an agreement with Trion Worlds, Inc. (“Trion Worlds”), a leading US-based game publisher and developer, for the exclusive license to operate its highly-anticipated 3D MMORPG “RIFT” in mainland China.
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The criminal probe of Sheldon Adelson’s casino empire
Reuters
(Special Report: The Macau Connection – link.reuters.com/fyg56s) Steve Jacobs, the fired former head of Sands’ Macau operations, Sands China, filed a lawsuit in Nevada in 2010 for breach of contract, and is now working with the US government on its
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Brzezinski: US Should Work With Russia, Turkey to Solve Global Problems
PBS News Hour
Zbigniew Brzezinski says that as American power declines relative to other countries, and China’s influence grows, the United States can no longer dictate to the world, or be “the determining player of everything that is important on the global scene.
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Rep. Noem: Keystone Pipeline Is ‘Right for America
NewsMax.com
Kristi Noem says she believes Canada will sign an agreement to sell China oil if the United States does not reverse the Obama administration’s position to block construction of the Keystone pipeline. The South Dakota Republican also told Fox News
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Critic: Obama pro-China on Keystone XL
UPI.com
9 (UPI) — US President Barack Obama is propping up the Chinese by his decision to thwart the Keystone XL oil pipeline from Canada, a Texas lawmaker said. House Republicans inserted a measure into a bill extending payroll tax benefits that gave Obama
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HAMSTRING ABILITY OF US TO FIGHT BACK AGAINST CHEAP CHINESE IMPORTS
PoliticalNews.me (press release)
PoliticalNews.me – Feb 09,2012 – After Trade Remedies Against China Ruled Illegal, Sens. Brown, Portman Urge Congressional Leadership to Expedite Legislation that Would Help Protect American Jobs WASHINGTON, DC –Following a December ruling by a federal
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