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U.S. China News 2012.06.11

Mon, June 11, 2012

China, US neck and neck in renewable energy spending
MarketWatch (blog)
The US and China wrapped up the year nearly neck and neck, with America spending about $51 billion on renewables in 2011, up 57%, while China surged 17% to $52 billion. In the case of Uncle Sam, spending spiked partly because of a rush to start
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Boost China. Bail out Spain. Save the US?
Christian Science Monitor
Brown argues that Spain’;s bailout and stimulus for a lagging China are key to keeping the shaky recovery going in the US. Okay I might’ve taken that a bit too far. Joshua has been managing money for high net worth clients, charitable foundations,
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US Takes A Pass — For Now — On China Sea Disputes
TIME (blog)
By Kirk Spitzer | June 11, 2012 | + Chinese surveillance ships stand vigil in the Scarborough Shoal, about 190 miles off the Philippine coast. TOKYO – The territorial disputes in the South China Seas are over, China has won, and the US couldn’t care
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China,US Want Sound Interaction in Asia-Pacific Area
CRIENGLISH.com
Cui said China and the United States are communicating over the arrangement of the meeting between Chinese President Hu Jintao and US President Barack Obama during the G20 summit. “It will be the 12th meeting between the two leaders since Obama became
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Firepower bristles in South China Sea as rivalries harden
Times of India
In what is widely interpreted as a counter to China’s growing influence, the United States is pushing ahead with a muscular realignment of its forces towards the Asia-Pacific region, despite Washington’s fatigue with wars in Iraq and Afghanistan and
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The US military’s China syndrome
Winnipeg Free Press
In addition, he mentioned a range of other “investments” to ensure, despite China’s fast-growing military might, the US would still be able to “rapidly project military power if needed to meet our security commitments” in the region.
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US, Vietnam inch closer together
Asia Times Online
As Defense Secretary Leon Panetta nudged Vietnam to host more US military craft, he spoke last week aboard a navy ship docked 480 kilometers north of this city, standing literally against the backdrop of the South China Sea.
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China topped USA in renewable energy investment in 2011
USA TODAY
China was responsible for almost a fifth of the total investment volume, spending $52 billion on renewable energy last year. The United States was close behind with investments of $51 billion, as developers sought to benefit from government incentive
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China May surplus at US$18.7bil
Malaysia Star
BEIJING: China’s May trade data beat gloomy market expectations, figures from the customs administration showed, with crude oil imports surging and US demand for Chinese exports offsetting lacklustre shipments to Europe. Analysts said that it was too
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China may boost imports amid grim trade condition
Xinhua
More import promotion activities will be held and financial, tax and fiscal support will be strengthened to facilitate Chinese importers, he said. The value of China’s imports jumped to 1.74 trillion US dollars in 2012 from 295.3 billion USdollars in
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China’s growth flags in May, more policy support seen
Reuters
Exports to the United States rose 23 percent in the first five months of this year compared with a year earlier, the strongest year-to-date pace in 2012. Shipments to the European Union – China’s biggest foreign customer – grew 3.4 percent on the same
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Oil rises to near US$85 as Europe offers $125B bailout loan for Spain’s banks
CanadianBusiness.com
By Pablo Gorondi, AP | June 11, 2012 The price of oil rose to near US$85 a barrel Monday after Europe offered Spain a $125-billion rescue loan for its troubled banks and China significantly increased its imports of crude. By early afternoon in Europe,
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S. Korea, US discuss N. Korea human rights, activists held in China
Yonhap News
SEOUL, June 11 (Yonhap) — The US envoy on human rights in North Korea held talks on Monday with senior South Korean officials and discussed the humanitarian situation in the North and the South Korean activists detained in China, Seoul officials said.
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China Unicom Rises as Loan Growth Boosts ADRs: China Overnight
Bloomberg
Chinese stocks traded in the US advanced, led by China Unicom (CHU) (Hong Kong) Ltd., on speculation the nation’s higher-than-estimated new lending may help stem a slowdown in the world’s second-largest economy. The Bloomberg ChinaUS Equity Index
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Oil reverses as Spain rescue rally wilts
Reuters
The euro erased gains against the dollar and US stocks turned lower on Wall Street, helping evaporate bullish sentiment in oil markets. .N Concerns about slowing growth in the United States and China, the two top oil-consuming nations, and uncertainty
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Asia, US boost BMW sales; Europe sales down
Sacramento Bee
The Munich-based auto maker sold 156957 cars in the month compared to 147565 in May, 2011. Sales in Asia rose 25.7 percent, and 31.5 percent in China alone. Sales in the key US market rose 7.1 percent. Meanwhile the numbers in Europe, where BMW sells
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Renewable Power in Development Phase, Leading to Producer Slump
BusinessWeek
While China edged out the US with $52 billion of spending, India was the fastest-growing large market as investment surged 62 percent to $12 billion. At least 118 countries have renewable energy targets in place, according to REN21, up from 96 a year
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US Stocks To Get Lift From Spain, China
KMGH Denver
NEW YORK (CNNMoney) — US stocks are likely to get a lift from news over the weekend of a $125 billion bailout for Spanish banks and stronger-than-expected Chinese trade. Dow Jones industrial average, S&P 500 and Nasdaq futures were all up nearly 1%
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US STOCKS-Wall St slips on Spanish aid terms, Greek elections
Reuters
Weak economic data from China over the weekend underscored the hurdles in the way of stronger global growth. US companies are finding it increasingly difficult to expand revenues. Firms that make up the S&P 500 are expected to boost sales by just 2.2
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News Summary: UN says a record $257 billion was invested in renewable energy
Washington Post
CHINA, US LEAD: China was responsible for almost a fifth of the total investment volume, spending $52 billion on renewable energy last year. The US was close behind with investments of $51 billion. STILL SMALL: Renewable energy provided just 16.7
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LPGA is more international than ever
ESPN
Scott Halleran/Getty Images The LPGA Championship had contenders from South Korea, Spain and the United States, and a winner, Shanshan Feng, from mainland China. PITTSFORD, NY — The major tournaments are a good time to take stock of women’s golf.
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U.S. Stocks Advance After Spain Asks for Bailout to Assist Banks
San Francisco Chronicle
June 11 (Bloomberg) — US stocks advanced, following the biggest weekly rally for the Standard & Poor’s 500 Index this year, as Spain asked for a bailout to help shore up its banks and China’s exports beat economists’ estimates.
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US stocks to get lift from Spain
CNN
By CNNMoney staff @CNNMoneyInvest June 11, 2012: 6:05 AM ET NEW YORK (CNNMoney) — US stocks are likely to get a lift from news over the weekend of a $125 billion bailout for Spanish banks and stronger-than-expected Chinese trade.
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Chinese, US police bust firearms ring
Global Times
By Global Times Police in China and the US have busted a cross-border firearms smuggling ring, arresting 23 suspects in China and three in the US, including a sergeant in the US National Guard who supplied the assault rifles and pistols, according to
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India hopes to win waiver from US for oil supplies from Iran
Zee News
Bharat Petroleum Corp Ltd (BPCL) does not plan to buy any crude from Iran. Reliance Industries stopped buying oil from Iran a few years back. The US State Department said in March that 12 countries, including India and China, were at risk of sanctions
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ChineseUS tensions may lead to a new Cold War
Radio Netherlands
Jonathan Holslag, a research fellow at the Brussels Institute of Contemporary China Studies, warns that they will have to get used to getting lower prices for raw materials. And, he says, he’s concerned that ChineseAmerican tensions could lead to a
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China says G-20 summit not the place for discussions on unrest in Syria
Washington Post
For months, the US and its European allies have tried unsuccessfully to take UN action against Syria, but Russia and China, Syria’s main allies, have vetoed two Security Council resolutions that threatened possible sanctions. Russia and China issued a
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Invasive species ride tsunami debris to US
China Daily
By Jeff Barnard (China Daily) When a floating dock the size of a boxcar washed up on a sandy beach in Oregon, beachcombers got excited because it was the largest piece of debris from last year’s tsunami in Japan to show up on the US West Coast.
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Chinese exports increase but pressure still on leaders
New Zealand Herald
China’s global trade surplus widened to US$18.7 billion ($24 billion). The country’s economy, the second-biggest after the United States, is forecast to grow by its slowest rate in a decade, raising the risk of job losses and unrest.
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Southeast Asia: US Revives And Expands Cold War Military Alliances Against
Eurasia Review
Defense Secretary Panetta stressed an intensification of military collaboration with the six Asia-Pacific countries with which the US has defense treaties (signed during the height of the Cold War and at the time aimed against China) – Australia,
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China Export Surprise: European Demand Up On Year
Forbes
The US also remains on a “Made in China” tear these days, increasing imports and increasing the trade deficit between the world’s top two economies. All told, China exports rose by more than 15 percent in May versus the same period last year,
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China to Cuba (yes, via US)
Calcutta Telegraph
Krishna will arrive in Washington for this week’s annual Indo-US Strategic Dialogue from an eventful visit to China and will leave for Cuba a day after his talks with US secretary of state Hillary Clinton. In Havana, Krishna, who cut his political
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China pension planner to boost investment in PE funds
Reuters
“While the securities market is volatile, the primary market is full of investment opportunities for us to seek and seize,” he said. China is the world’s second-largest economy with a quickly aging population. Urban residents rely on a pension system
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Renewable energy grows despite financial crisis
Reuters
The reports said that in terms of total investment, the top seven countries for renewable electricity capacity (excluding large hydro) were China, the United States, Germany, Spain, Italy, India and Japan, accounting for 70 percent of total non-hydro
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Safeguard maritime rights and interests
China Daily
The first is the specific territorial disputes between China and some neighboring countries, which have been aggravated by the lack of strategic trust between the United States and China. The maritime sovereignty disputes between China and Japan,
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US Loses China Shrimp Case at WTO*
Feedstuffs
On June 8, the US government lost a dispute brought against it by China over the way American authorities calculate anti-dumping penalties on imports of Chinese shrimp. China charged before the World Trade Organization panel hearing the dispute that
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USChina Clean Energy Rift Deepens with Wind Tower Countervailing Duty
International Centre for Trade and Sustainable Development
The US Commerce Department will begin imposing duties on wind tower imports from China, after finding that producers receive unfair government support. The move is expected to ratchet up tensions between the two trading partners, which have escalated
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Media hypes US role in Philippine conflict
Global Times
By Fu Qiang At a meeting with US President Barack Obama Friday, Philippine President Benigno Aquino III stated that he did not want to drag the US into the conflict between the Philippines and China over Huangyan Island. But many analysts see the
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How China competes
Asia Times Online
While this is certainly true, China is proving that its ability to compete globally is also because its export strategy is built on a more aggressive and coordinated export assistance model than that of its United States or European competitors.
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Philippines: US military outpost with nuclear capabilities?
Spyghana.com
US cooperation will turn the Philippines into an “outpost” serving the purpose of containing China, believes political activist Renato Reyes. Philippine President Benigno Aquino is committed to developing a “minimum credible deterrent capacity,” and
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Only by the United States military could not win the China
The Kingston Whig-Standard
If the outbreak of the south China sea and the east China sea for the control of the conflict, the mainland of the US congress have strong relatively large structural advantages. For example, China available in many scattered ground-based reinforcement
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Chinese military steps up conventional missile capability
Economic Times
BEIJING: Amid escalation of maritime tensions with neighbours and a US military focus shift to Asia Pacific, Chinese military is stepping up its conventional missile capability, polishing its ability to carry out multiple launches while preserving its
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