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U.S. China News 2012.07.12

Thu, July 12, 2012

China, US seek to calm South China Sea tensions
Reuters
PHNOM PENH (Reuters) – The United States and China signaled a willingness on Thursday to work together on sensitive issues in a move to cool tensions between rival claimants to the potentially oil-rich.
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Capitol Hill joins criticism of ‘Made in ChinaUS Olympic uniforms
Los Angeles Times
Team USA may be comprised of America’s best athletes, but their uniforms have a more foreign origin. The patriotic red, white and blue outfits designed by Ralph Lauren to be worn during the opening ceremony were made in China.
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US, China square off over South China Sea
USA TODAY
The Obama administration pressed Beijing to accept a code of conduct for resolving territorial disputes in the South China Sea.
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US tries to balance values, economic opportunities in ‘pivot to Asia’
Washington Post
The Obama administration pressed Beijing on Thursday to accept a code of conduct for resolving territorial disputes in the resource-rich South China Sea, a difficult U.S. mediation effort that has faced resistance from the communist government.
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US tries to balance values, economies in Asia
The Associated Press
From democratic Mongolia to once-hostile Vietnam and long-isolated Laos, Secretary of State Hillary Rodham Clinton this week faced governments eager to embrace the United States as a strategic counterweight to China’s expanding military and economic
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US pushes Beijing over South China Sea rules
CBS News
Americans press China to accept code of conduct governing territorial disputes in resource-rich waters.
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Team USA To Be Decked Out in Uniforms Made in China
ABC News (blog)
The classic American style — shown in an image above — was crafted by designer Ralph Lauren. But just how American is it? When ABC News looked at the labels, it found “made in China.” Every item in the uniforms that the U.S. athletes will be wearing
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Lawmakers Want ‘Made in ChinaUS Olympic Uniforms Burned
ABC News (blog)
Ralph Lauren/AP Photo Lawmakers were outraged Thursday after an ABC World News report revealed that the U.S. Olympic team’s opening ceremony outfits are made in China. Some suggested making a bonfire with the outfits, which include berets and
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Team USA uniforms reportedly made in China — again
Fox News
The Olympics haven’t even started, but China has already taken gold from America — by manufacturing the uniforms Team USA will wear during the opening ceremonies.
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Olympic Uniforms For US Made In China… But Does Anyone Care? (PHOTOS
Huffington Post
When Ralph Lauren debuted the new U.S. Olympic opening ceremony uniforms earlier this week, reactions were mixed at best.
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China-made US uniform raises ire
ESPN
The U.S. uniforms for the Olympics are American red, white and blue — but made in China. And that has congressional leaders outraged.
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U.S., China Discuss Maritime Security In South China Sea At ASEAN Meeting
RTT News
This week at the annual ASEAN foreign ministers meeting, China made it clear it was interested in further discussion of a Code of Conduct (COC) in the South China Sea.
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Stocks slide on gloomy economic outlooks in US, China
USA TODAY
Concerns about China weigh on investors ahead of second-quarter growth figures.
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Reid calls for officials to ‘burn’ China-made Team USA Olympic uniforms
Fox News
Senate Majority Leader Harry Reid slammed the U.S. Olympic Committee Thursday over reports that the Team USA uniforms were made in China, saying officials should burn them.
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Drug Sales in Emerging Markets to Match US by 2016
Bloomberg
Inc. (PFE) are relying increasingly on those markets for growth. The New York-based company’s first- quarter revenue from Brazil, Russia, India, China, Mexico and Turkey grew 10 percent compared with a 15 percent decrease in U.S. sales, Pfizer
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US lags UK, Italy, China on energy efficiency
USA TODAY (blog)
The U.S. lags Great Britain, Italy, China and four other countries on a scorecard today that ranks 12 of the world’s largest economies.
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Outsourcing? US Olympic team’s China-made uniforms become political fodder
Plain Dealer
The U.S. Olympic Committee should have turned to a domestic clothing maker or plant, Sen. Sherrod Brown says.
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China preempts Apple on iPhone 5 launch
Reuters
SHANGHAI (Reuters) – Apple Inc’s next-generation iPhone has not even been released yet, but opportunistic sellers on China’s largest e-commerce platform, Taobao, are already accepting pre-orders,
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Top China paper slams Clinton’s democracy comments
Chicago Tribune
BEIJING (Reuters) – China’s top newspaper slammed U.S. Secretary of State Hillary Clinton on Thursday for comments she made lauding democracy and implicitly criticizing restrictions in China, saying.
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Copper slips ahead of China GDP data, growth concerns
Reuters
LONDON (Reuters) – Copper slipped on Thursday as markets remained cautious ahead of the release of second-quarter economic growth figures from top consumer China and after the U.S. Federal Reserve dashed.
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Reid: U.S. should burn China-made Olympic uniforms
Politico (blog)
What would Harry Reid do with the U.S. Olympic Team’s uniforms that were made in China? Burn ’em. The Senate majority leader said Thursday the U.S. Olympic Committee should be “ashamed” for providing uniforms to its athletes that were made overseas
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Oil trims losses on US jobless claims, but IEA weighs
Reuters
U.S. new jobless claims fall to 4-year low* China Q2 GDP due Friday, lower growth forecast* U.S. Fed to act on stimulus if economy worsens* Coming up: U.S. consumer sentiment poll, Friday (Recasts,
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China and U.S. agree to cooperate in Asia: Clinton
Chicago Tribune
PHNOM PENH (Reuters) – Rival powers China and the United States will work together in Asia and find common ground to ensure proper handling of sensitive issues, U.S. Secretary of State Hillary.
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American Investors Underestimate How Much Slowing Growth In China Can Hurt
Seeking Alpha
Now it is universally accepted that growth in China is slowing. If a large number of communications that we receive are any indication, North American investors make two underestimations: first how much China’s growth is really slowing, and second how
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American fatally stabbed in Beijing; suspect held
Businessweek
A 62-year-old American man was stabbed to death in downtown Beijing and a suspect has been caught, city police said. The Beijing Public Security Bureau said in a statement posted on its official microblog late Wednesday that China’s Deflationary
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Reid: US Olympians shouldn’t wear Chinese-made uniforms
Las Vegas Review – Journal
Sen. Harry Reid made it perfectly clear Thursday he was unhappy about the prospect that America’s Olympic athletes would be marching in the opening ceremonies in London in Chinese-made uniforms.
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In China’s package delivery market, smaller is better
Chicago Tribune
SHANGHAI (Reuters) – China’s 35000 express delivery companies can ship packages hundreds of miles for less than the cost of a standard U.S. letter, pricing out global players such as FedEx and UPS.
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China may talk to ASEAN on sea row: US official
Reuters
PHNOM PENH (Reuters) – Chinese Foreign Minister Yang Jiechi has given a careful indication to U.S. Secretary of State Hillary Clinton that China could enter into talks with Southeast Asian countries over.
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China Ready to Join South China Sea Talks
Voice of America
Territorial disputes dominated talks between US Secretary of State, Chinese Foreign Minister on sideline of ASEAN meeting.
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ADB cuts growth forecast for developing Asia amid eurozone crisis, sluggish US
Washington Post
MANILA, Philippines — The Asian Development Bank cut growth forecast for developing Asia on Thursday, citing Europe’s worsening financial crisis, sluggish recovery in the U.S. and slower growth in China and India.
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China, U.S. seek to calm South China Sea tensions – Today’s Most Interesting
San Francisco Luxury News
1 of 2. Secretary of State Hillary Clinton attends the 2nd East Asia Summit (EAS) Foreign Ministers’ meeting at the office of the Council.
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Team USA’s Olympic uniforms were (naturally) made in China
Larry Brown Sports
On Tuesday, the US Olympic Committee officially unveiled the threads Team USA will be wearing during the Opening and Closing Ceremony Parade at the London Olympics this summer. As usual, the uniforms have drawn mixed reviews. Similar to the way
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Brent trims losses on US jobs, IEA weighs
Reuters
LONDON (Reuters) – Oil prices trimmed earlier losses on Thursday, bouncing back above $99 after U.S. data showed new jobless claims fell to the lowest level in four years.But the gains were The market focus will shift to China. “If China’s GDP data
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China Ready to Join Talks on South China Sea
Voice of America
PHNOM PENH – U.S. Secretary of State Hillary Clinton and Chinese Foreign Minister Yang Jiechi met in Cambodia to discuss how best to resolve territorial disputes in the South China Sea. American officials say China is prepared to join talks about a
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US, China seek to play down rivalry
Khaleej Times
US Secretary of State Hillary Clinton and her Chinese counterpart Yang Jiechi pledged on Thursday to work more closely together after talks designed to smooth their countries’ often spiky relations.
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Boehner, Pelosi pan Chinese-made US Olympic uniforms
Washington Times (blog)
The top party leaders in the House took the U.S. Olympic team to task on Thursday over reports it will wear Chinese-made uniforms at the Summer Games that begin late this month in London.
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US wastes more energy than Europe, China
Los Angeles Times
U.S. places in bottom quarter of ACEEE energy efficiency study.
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Accept sea code, US presses China
Philippine Star
The Obama administration pressed Beijing yesterday to accept a code of conduct for resolving territorial disputes in the resource-rich West Philippine Sea (South China Sea), a difficult US mediation effort that has faced resistance from the communist
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US, China Discuss South China Sea Dispute; Chinese Newspaper Slams
International Business Times
U.S. Secretary of State Hillary Clinton pressed Beijing to honor the code of conduct of the Association of Southeast Asian Nations, or Asean, that was formed to resolve the territorial tensions in the South China Sea, during a meeting with the Chinese
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Reid: Burn U.S. Olympic uniforms because they’re made in China
The Hill (blog)
“I am so upset that I think the [U.S.] Olympic Committee should be ashamed of themselves, I think they should be embarrassed, I think they should take all the uniforms, put them in a big pile and burn them and start all over again,” Reid told reporters
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US exports gain, despite Eurozone crisis and China slowdown
San Jose Mercury News
WASHINGTON — The nation s trade deficit narrowed for the second straight month in May as American exports eked out a 0.
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