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U.S. China News 2012.06.10

Sun, June 10, 2012

China Exports Top Estimates on US, EU Growth
BusinessWeek
By Paul Panckhurst on June 09, 2012 China’s exports rose 15.3 percent in May from a year earlier, exceeding all 29 analyst estimates in a Bloomberg News survey, as shipments to the US jumped the most this year and sales to the European Union rose for
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US-listed China groups take private road
Financial Times
By Paul J Davies in Hong Kong Private equity groups are scouring US markets for listed Chinese companies, trading at low prices, that want to go private. Just 16 take-private deals worth almost $4bn – including Shanda Interactive, Harbin Electric and
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China emissions study suggests climate change could be faster than thought
Reuters
China has already overtaken the United States as the world’s top greenhouse gas polluter, producing about a quarter of mankind’s carbon pollution that scientists say is heating up the planet and triggering more extreme weather.
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Stocks: Spain and China could help
CNNMoney
By Emily Jane Fox @CNNMoneyInvest June 10, 2012: 8:14 AM ET NEW YORK (CNNMoney) — Is there any way to top the best week for US stocks this year? Maybe, if investors like the weekend news out of Spain and China. In an effort to stem the European debt
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Europe’s impact on US hangs like cloud
MarketWatch
US exports to the European Union, for example, fell 11.1% in April. And exports to China dropped 14%. The latest batch of US economic data this week is likely to reflect the growing impact of events overseas. Indexes measuring the outlook of
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Phl nets $2.5-billion investments in Aquino’s UK, US trips
Philippine Star
It was the same thing with US President Obama who vowed to help the Armed Forces of the Philippines improve its capability in ensuring an unimpeded passage along the West Philippine Sea, which is being claimed by China. “US President Barack Obama
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Canada will pursue trade with China regardless of US policies
Deseret News
So why am I arguing against the notion that US energy policy is forcing Canada to pursue a long-range trading pact with China? Simply because one should not make the mistake of equating short-term public discussion with long-term public policy.
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Noy seeks US aid for radar to monitor Phl waters
Philippine Star
The newspaper quoted Rich Fisher, an Asian security expert at the International Assessment and Strategy Center, as saying a powerful land-based radar could be used by the Philippines, the US and other allies to quickly detect Chinese military movements
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Analysis: US companies in sales struggle as global downturn bites
Reuters
The lowered expectations are a result of the euro zone crisis hurting demand from Europe, the impact of a slowdown in major developing economies such as China, Brazil and India, and recent signs of weakness in the United States.
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Veteran China graft lawyer to work for ousted Bo’s wife: sources
Reuters
“Now the judicial bureau doesn’t allow us to have contact with the media,” he said. Chinese law gives the police wide power to deny suspects access to lawyers, especially before they have been formally charged or indicted. That can make it difficult
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China, Korea, US create online database for Korean classics
The Korea Herald
Chinese, Korean and US researchers have created an extensive online database for Korean classics in Chinese, Korean and Romanized Korean as part of their East Asian studies project, City University of Hong Kong (CityU) said Sunday.
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(Almost) Everyone Agrees: The US Should Ratify the Law of the Sea Treaty
The Atlantic
Philippine and US marines during a joint military exercise near disputed areas in the South China Sea. (Reuters) It is high time the United States joined 162 other states and the European Union in becoming party to the UN Convention on the Law of the
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Zardari optimistic over relationship with US
Pakistan Daily Times
“I think the US is an important country in the world and so is Pakistan. We have mutual interests,” Zardari said in an exclusive interview with China Daily. “Slowly but surely, we will get back to normal relations,” he said. The remarks come as US
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Normalcy in Pak-US ties will take time: Zardari
The News International
In an exclusive interview with the China Daily, the president said, “I think the US is an important country in the world and so is Pakistan. We have mutual interests. Slowly but surely we will get back to normal relations.” The remarks come in the wake
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Slowdowns in Europe and China to Trigger US Recession?
AmericanEconomicAlert.org
The media is currently full of reports that US economic growth will likely be negatively impacted as a result of the slowing economies in crisis-ridden Europe and in China, where growth is still robust but just not at its usual blistering pace.
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Is the cold war back?
Philippine Star
The Financial Times had a worrisome headline screaming across the top of page 3 last Wednesday: Russia and China strengthen ties to counter US. The lead paragraph talks about trade ties but the third paragraph carried a revealing quote from Chinese
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China Exports Leap; Is Economy Out of the Woods?
CNBC.com
China’s May trade data beat gloomy market expectations, figures from the customs administration showed on Sunday, with crude oil imports surging and US demand for Chinese exports offsetting lackluster shipments to Europe. Exports rose 15.3 percent in
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China export rebound revives growth hopes
The Australian
“Better than expected trade performance in May suggests that China’s economy has stabilised and it will start to rebound soon.” Exports to the US, Japan and ASEAN nations grew, respectively, 23 per cent, 13 per cent and 28.1 per cent, with exports to
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Stock market posts best week of 2012
WFMJ
(AP Photo/Richard Drew) Slumping job growth has alarmed some economists who fear the US economy is in trouble. Ben Bernanke doesn’t appear to be one of them.More >> The number of people applying for US unemployment benefits fell last week for the first
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US backs Philippines on sea freedom
Saudi Gazette
Reuters WASHINGTON — The United States and the Philippines late Friday called for freedom of navigation in the tense South China Sea as the White House offered a robust show of support for President Benigno Aquino. President Barack Obama welcomed
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China will never follow the US when it comes to immigration
Lethbridge Herald
China’s population is “aging” (ie its average age is going up) faster than any other country in history, and it could certainly do with some more young people. If it had an immigration policy like that of the United States, it could fill all the gaping
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China exports jump 15.3% in May
Financial Times
BEIJING, June 10 – China’s May trade data beat gloomy market expectations, figures from the customs administration showed on Sunday, with crude oil imports surging and US demand for Chinese exports offsetting lacklustre shipments to Europe.
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Obama Expresses Support for Philippines in China Rift
Pittsburgh Post Gazette
The Philippines and China have been locked in a tense standoff for two months over rights to a triangular cluster of reefs and rocks in the South China Sea known as Scarborough Shoal. While Mr. Aquino said he did not want to drag the United States into
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China’s imports, exports rise sharply
Taipei Times
According to the customs agency, exports rose 15.3 percent year-on-year to US$181.1 billion and imports increased 12.7 percent to US$162.4 billion last month, slightly widening the trade surplus for the third consecutive month to US$18.7 billion.
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China Slowing Inflation, Output Growth Add Stimulus Pressure
San Francisco Chronicle
Chinese stocks fell June 8, capping the biggest weekly slide this year, after the central bank’s rate cut added to concern the nation’s economic slowdown is deepening. US shares rallied, driving the Standard & Poor’s 500 Index to its best weekly gain
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Round-trip to freedom
Daily News & Analysis
By Yang Jianli | Agency: Project Syndicate Western media describe my friend and colleague Chen Guangcheng as a blind activist who made a flight to freedom when China allowed him to journey from Beijing to the United States. What is essential about Chen
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Direct flights from China boost visitor numbers 30 per cent
New Zealand Herald
By Grant Bradley The introduction of direct flights from the Chinese mainland has propelled the number of visitors from there to exceed numbers from the United States through Auckland. Latest Auckland Airport figures showed a 30 per cent increase in
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Aquino arrives from US, UK visit with $2.5-B investments
BusinessWorld Online Edition
President Benigno SC Aquino III on Sunday morning arrived from his seven-day working visits to the United Kingdom (UK) and the US claiming to have brought back at least 2.5 billion dollars in investments. Speaking at the Ninoy Aquino International
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China May commodities imports beat expectations; crude at record
IBNLive.com
Traders have said that a global buyer expecting higher prices in China in coming months had shipped a relatively large shipment of refined copper from the United States to Shanghai in late March, which could have arrived in the city in May.
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Spain, China Could Help Stocks
KGTV San Diego
NEW YORK (CNNMoney) — Is there any way to top the best week for US stocks this year? Maybe, if investors like the weekend news out of Spain and China. In an effort to stem the European debt crisis, Spain on Saturday asked the European Union for up to
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MVP reaches out to US group amid dispute over Reed Bank
BusinessWorld Online Edition
Chairman Manuel V. Pangilinan reached out to United States-based government leaders and business officials over the weekend as a territorial dispute with China continued to threaten the company’s exploration work. “Preponderant strategic concerns on
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Iran feels sanctions pain as oil income slumps
Reuters
Causing even more pain, oil prices fell below $100 a barrel last week to a 16-month low amid a darkening outlook for economies in Europe, the United States and China. “This is an act of economic warfare. The sanctions are having a big effect in
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Global economy shudders as slowdowns hit all corners
Independent Online
The US economy had a third consecutive month of feeble job growth last month. China, India and Brazil are slowing, too. Fears of a global economic downturn have sent investors rushing toward the safest possible investments: US and German government
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Probe of Chinese stocks menacing
Pittsburgh Tribune-Review
Controversial ChineseAmerican financier Benjamin Wey heads up New York Global Group, which — along with another promoter of Chinese stock, Global Hunter Securities — says the Chinese Ministry of State Security has arrested investigators that US
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India prepares to counter China’s clout with INS Satpura
NDTV
New Delhi: As global focus shifts to South Asia and the Indian Ocean region, US Secretary of Defence Leon Panetta sought India’s cooperation to jointly counter China. India declined saying it doesn’t share the US perceptions on the Asia-Pacific region
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Copper at 6-month low on China slowdown concern
NewsDay
LONDON – Copper tumbled to its lowest since December on Friday after China’s surprise rate cut stoked fears of a slowdown in the world’s second largest economy, and as the US appeared to rule out any imminent stimulus measures.
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Putin’s visit to China signals sharpening global tensions
Center for Research on Globalization
Putin, who recently resumed the Russian presidency, snubbed last month’s G8 meeting in the US amid disagreements with American plans for a missile defence system in Europe. Instead, his initial visits have been to Germany and France, followed by China.
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Grains Week Ahead-US Midwest to heat up as corn pollinates
Reuters
Stiff competition from South America has eaten into US corn exports, while strong demand from China and other buyers amid a drought decimating supplies in Brazil and Argentina have boosted sales of US soybeans. A Reuters poll showed that analysts were
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Emphasis of American Foreign Policy changes – expert
The Voice of Russia
In the long run the famous Monroe Doctrine of the United States was also imaged for the Pacific area. Americans are claiming that their new attitude, as they call it, but it is nothing new, is the result of Chinese activities.
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Triangulating Caribbean foreign policy
Jamaica Gleaner
For more than a decade now, the reorientation of global thinking to take account of the rising economic power of China, as well as Brazil, South Africa, Russia, India, and others has been under way. For the United States (US), it speaks to the eventual
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LEADERSHIP: American Warships Mass Off China
Strategy Page
So the American Atlantic Fleet no longer had a major opponent. Meanwhile, China, North Korea, Iraq, Afghanistan and Iran provided plenty of work for the Pacific Fleet (which normally supplied ships for Middle East and South Asian emergencies.)
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