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U.S. China News 2012.06.09

Sat, June 9, 2012

US ships may loom larger off China’s coastlines
TheChronicleHerald.ca
Last weekend, at the Shangri-La Dialogue in Singapore for Asian defense ministers, US Defence Secretary Leon Panetta fleshed out what America’s “rebalance” toward Asia will mean in terms of military resources. Panetta said that by 2020, 60 per cent of
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China, US: Keep our options open
Deccan Chronicle
So when US defence secretary Leon Panetta was in India earlier this week, the question everywhere was whether India was going to become a part of the American grand design to put screws on China in the Asia-Pacific region, especially after Mr Panetta
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Ahead of the Bell: US Trade Deficit
BusinessWeek
Europe accounts for almost one-fifth of US exports. In addition Europe’s troubles, growth in emerging market countries, such as China, has been slowing this year. Most economists say the US economy is growing at an annual rate of 2 percent to 2.5
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US, Philippine leaders hail growing alliance
The Associated Press
China’s assertive behavior in those waters has served to bolster Manila’s 60-year alliance with Washington, which thrived during the Cold War but ebbed after nationalist political forces prompted the closure of American military bases in 1992.
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Guards quit, but fear lingers in China activist’s home village
Reuters
After breaking free from house arrest, Chen Guangcheng sought refuge in the US embassy in Beijing, embarrassing the Chinese authorities and sparking a diplomatic crisis between Beijing and Washington. He is now studying law in New York after China
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Our Chinese and American friends
Philippine Star
Let’s just call them friend America and friend China so we are not accused of being partisan. The way I see it friend America is using us as a conduit to deliver messages to friend China. I like the term used by an FB friend – we are being used as the
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US urges diplomacy in South China Sea dispute
Aljazeera.com
Washington and Manila have called for freedom of navigation in the tense South China Sea as the White House offered a robust show of support for Philippine President Benigno Aquino. US President Barack Obama welcomed Aquino to the White House on Friday
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PNoy happy with US affirmation of security ties
ABS CBN News
At a luncheon hosted by the State Department, he got the United States‘ commitment to help the Philippines patrol it shores, at a time when tension has escalated at the South China Sea, with China claiming oil rich waters within Philippine territory.
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US Still Pacific Power’
Manila Bulletin
The two presidents met against the backdrop of a two-month standoff between Philippine and Chinese vessels at the Panatag Shoal in the South China Sea. The US and the Philippines are bound by a mutual defense treaty. The Philippines has been seeking a
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US stocks rebound to year’s best weekly gain
Taipei Times
With Spain’s banking sector plunging into crisis mode, Greece edging toward make-or-break elections next Sunday and China acknowledging its sharp slowdown, the US dollar and US stocks appeared to be two of the few choices investors were ready to play
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Obama says clear rules needed to calm South China Sea
Reuters
* Philippines in dispute with China over contested shoal * Clinton says US monitoring situation closely By Laura MacInnis WASHINGTON, June 8 (Reuters) – US President Barack Obama called on Friday for clear rules to resolve maritime disputes in the
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US, Phl leaders reaffirm commitment to peace, security in Asia
Philippine Star
Speaking at a lunch for the Philippine president at the State Department on Friday, US Secretary of State Hillary Clinton reiterated that “the United States does not take a position on the competing territorial claims in the South China Sea.
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Report: China plans manned space launch this month
USA TODAY
At about 60 tons, the Chinese station will be considerably smaller than the 16-nation International Space Station. Beijing launched its independent space station program after being turned away from the International Space Station, largely due to US
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US policy in the South China Sea
The Voice of Russia
In November last year, President Obama declared the Asia Pacific region, including the South China Sea an area of utmost priority for the US foreign policy. Following the announcement, a number of voyages by the administration’s top representatives
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China May car sales up 22.6 percent year-on-year: official data
Chicago Tribune
Demand is likely to remain solid if Beijing renews some of its policy incentives which helped propel China beyond the US as the world’s largest car market by volume in 2009, industry observers say. “The incentives will help bolster demand for minivans,
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McDonald’s says Japan, China dragged sales figure in May, warns of economic
Chicago Tribune
NEW YORK (AP) — McDonald’s Corp. says strength in the US and Europe drove up a key revenue figure in May, but warned that economic volatility around the world and rising expenses are pressuring its second-quarter results. The fast-food chain,
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Tariffs On Chinese Solar Panels Are Killing American Jobs
Forbes
In mid-May, the US Department of Commerce sent a clear message to the American renewable energy community: We don’t support you. By levying tariffs ranging from 30-250% on all solar panels imported from China, the ruling will constrict the growth of
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China welcomes WTO ruling over ChinaUS shrimp spat
China.org.cn
China welcomes the decision of the World Trade Organization (WTO) to rule in China’s favor over a controversial zeroing measure imposed by the United States against Chinese frozen shrimp and diamond saw blades, the Ministry of Commerce (MOC) said
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Overseas forgers’ fake IDs can fool even the experts
USA TODAY
Overseas forgers from as far away as China are shipping fake driver’s license and other IDs to the United States that can bypass even the newest electronic digital security systems, according to document security experts and the Secret Service.
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Commercial Real Estate Developers Discuss Chinese EB-5 Investments June 21, 2012
Seattle Post Intelligencer
Artisan Business Group is to present the 2nd Chinese Investment in the US Real Estate and EB-5 Finance Forum in Los Angeles June 21, 2012. Los Angeles, CA (PRWEB) June 09, 2012 Artisan Business Group, Inc., announces the 2nd Chinese Investment in the
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Pakistan remains optimistic over ties with US
China Daily
By Wu Jiao (China Daily) Pakistani President Asif Ali Zardari on Friday expressed confidence over the country’s relationship with the United States despite recent complaints from Washington. Pakistani President Asif Ali Zardari attended the annual
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China will import its first US organic millet and wheat from a farm north of
The Republic
This fall, China will start importing its first-ever shipments of organic millet and wheat from the United States. Their origin: Clint Jessen’s farm north of Pine Bluffs. Jessen appears set to become the first American farm approved by the Chinese
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Pro/con: Are US energy policies forcing Canada into trading with China?
Duluth News Tribune
US energy policies — specifically President Obama’s delay of a decision pending further environmental-impact study for a part of the Keystone Pipeline — are pushing Canada into a closer trading relationship with China. Just ask Canadian Prime
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Obama, Aquino Discuss Security, Trade
Voice of America
The United States is working to raise its profile in the Asia-Pacific region, in the face of growing Chinese influence. Regional security was one of the main issues addressed in President Aquino’s first visit to the Oval Office.
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Obama, Aquino reaffirm US-PH defense alliance
ABS CBN News
“The United States has been consistent in that we oppose the use of force or coercion by any claimant to advance its claims, and we will continue to monitor the situation closely.” She also urged China and the Association of Southeast Asian Nations to
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Oil price slips on weak economy
Fox News
Reports in recent days of weak job growth in the US, a deepening financial crisis in Spain and slowing growth in China have rattled markets. “It’s a world of terrible news and a huge build (of oil stocks),” says Rich Ilczyszyn, an analyst and founder
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Chinese Press: Sino-Iranian Ties Important Irrespective of US Opposition
Fars News Agency
With both Israel and the United States recently saying they are willing to take military action against Iran if it doesn’t halt its nuclear program, Iranian President Mahmoud Ahmadinejad’s visit to China to attend the Shanghai Cooperation Organization
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Obama backs credible defense force for Phl
Philippine Star
Philippine-US Mutual Defense Treaty (MDT). In the weeks leading to the summit, there was much chatter on both sides of the Pacific that the focus of the Aquino-Obama discussion would be on China and its maritime disputes with neighboring countries.
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Obama backs Philippines on sea freedom
Inquirer.net
AP WASHINGTON—The United States and the Philippines on Friday called for freedom of navigation in the tense West Philippine Sea (South China Sea) as the White House offered a robust show of support for President Benigno Aquino.
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Rare Earth Minerals: An End To China’s Monopoly Is In Sight
Forbes
And because these minerals are critical elements to many high-tech products that business, government and consumers use every day – high-def TVs, mobile phones, PCs, wind turbines; even missiles – China’s monopoly puts US manufacturers in a tough spot.
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WTO backs China’s complaint against US
China Daily
GENEVA – A World Trade Organization (WTO) panel ruled on Friday certain anti-dumping measures taken by the United States on warmwater shrimp and diamond sawblades from China have violated relevant WTO rules. In a report circulated to WTO members,
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Commodity prices drop on China and US slowdown worries
Economic Times
PUNE: Commodities fell a second day, heading for the longest weekly losing streak in 11 years, on concern a slowdown in China and the US, the world’s two biggest economies , will cut demand. Oil fell a second day in New York, heading for the longest
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China Trains Guns On US Over Its Naval Strategy
South Asian Link
The People’s Daily, the voice of the government, said the move was aimed at containing China. “The US verbally denies it is containing China’s rise, but while establishing a new security array across the Asia-Pacific , it has invariably made China its
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US focus on Asia-Pacific will help India contain China
SME Times
The US military’s new focus on the Asia-Pacific region, as enunciated by Defence Secretary Leon Panetta, is welcome and will aid in India’s efforts to contain China, security experts say, adding that this country’s navy should develop the capacity to
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Oil prices slip on weak US economy
Sydney Morning Herald
Demand for oil to make fuels for shippers and travellers is down because Europe remains mired in a debt crisis and economic growth in the US and China has slowed. At the same time, oil production in Libya, Iraq and the US is growing.
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US trade deficit falls 4.9 percent in April
The Desert Sun
Some of the swings may be caused by distortions around the Chinese Lunar Year holiday. Growth in both imports and exports has cooled, which is “hardly surprising given the state of the global economy,” said Josh Shapiro, chief US economist at MFR Inc.
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The ‘Great Game’ of influence in Afghanistan continues but with different players
Fox News
At a summit of the Shanghai Cooperation Organization (SCO) this week in Beijing Afghanistan was also granted observer status of the group that was created as a counterbalance to US and NATO influence in Central Asia. Chinese President Hu Jintao was
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China’s outbound investment may hit US$2 trln
China.org.cn
China’s outbound foreign direct investment could hit the US$2-trillion mark by 2020, with the private sector playing an important role, according to a report by US-based research firm Rhodium Group. The report said if Europe continues to attract the
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US trade deficit shrinks as global demand slows
Pakistan Daily Times
US exports to China, which also is growing more slowly than in recent years, fell 14 percent in April. China has been one of the fastest growing markets for US goods, and exports to that country were up 4.3 percent for the first four months of 2012.
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Clinton: US to help build PH Coast Watch Center
ABS CBN News
Clinton said that as allies, Washington and Manila consult on on important regional issues and cited the South China Sea issue. She said that while the US does not take a position on the competing territorial claims in the region, it has “a clear
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World stocks fall after Fed chief coy on stimulus
BusinessWeek
Markets were also bracing for the possibility of glum economic data from China over the weekend. Bernanke avoided sending any signals in an appearance before members of the US Congress about what the Fed might do in response to a slowdown in hiring.
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US backs Philippine diplomacy in maritime dispute
Radio Australia
The US President, Barack Obama, has thrown his support behind the Philippines’ efforts to peacefully resolve its rift with China over ownership of the Scarborough Shoal in the South China Sea. Philippine President Benigno Aquino (L) and his US
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