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U.S. China News 2012.08.08

Wed, August 8, 2012

Purdy: US, China battle for medal supremacy. Yawn.
San Jose Mercury News
LONDON — So, I felt sorry for a Chinese athlete Tuesday. Is that permitted in the war for medal supremacy? Liu Xiang is one of the world’s best hurdlers. A huge star in his country. But for the second straight Olympic Games, he didn’t make it 15
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Olympic anti-China conspiracy afoot? Some Chinese think so
Washington Post
“Swimming is traditionally dominated by powers like Europe and the U.S. Now China is suddenly making a strong impact,” read one editorial in the Guangming Daily, which attributed the suspicions to the West’s declining place in the global economy after
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China’s Wanxiang to take control of battery maker A123
Reuters
Wanxiang, one of the largest non-government-owned companies in China, with annual revenue of more than $13 billion, has an electric vehicles subsidiary in Hangzhou and a U.S. subsidiary based outside Chicago. The parent company supplies auto parts
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Olympics Capsules – United States: US women beat China, face tougher
Brownsville Herald
“They’re what make that team go. I think they’re going to impose themselves on us.” Jackson became the Olympics all-time scoring leader in women’s basketball on Tuesday with 536 points, passing Brazil’s Janeth Arcain in Australia’s 15-point win over
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2 US women’s teams to play for Olympic beach gold
San Francisco Chronicle
The big question now is which team gets the gold. A few hours after twice-defending champions Kerri Walsh Jennings and Misty May-Treanor beat China, first-time Olympians April Ross and Jennifer Kessy joined them for an all-American final. With a win on
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China hopes to get back on track after diving loss
U.S. News & World Report
By ANDREW DAMPF, Associated Press. LONDON (AP) — China wants to get back on track. Paola Espinosa Sanchez wants to pick up right where Ilya Zakharov left off. The women’s 10-meter platform event at the London Olympics begins with the preliminary
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US starts landmark Agent Orange cleanup in Vietnam
Businessweek
The $43 million project begins as Vietnam and the U.S. forge closer ties to boost trade and counter China’s rising influence in the disputed South China Sea. Although the countries’ economic and military ties are blossoming, progress on addressing the
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James Cameron takes 3-D film venture to China
Reuters
BEIJING (Reuters) – Oscar-winning director James Cameron said on Wednesday that he will open a joint venture in China to provide 3-D filming technology, the latest move by Hollywood to secure a foothold in the country’s booming movie industry. Box
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China tightens rare earths controls in move that might inflame tensions with
Washington Post
BEIJING — China’s government has further tightened curbs on production of rare earths used in mobile phones and other high-tech products in a move that might inflame trade tensions with Washington and Europe. Regulations issued this week say mines
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China, ASEAN, US offer sympathies, aid to monsoon flood victims
GMA News
The Chinese people are also fighting against the heavy rains and inundation which devastate many parts of China, so my hearts and thoughts are with the homeless and victims,” embassy spokesperson Zhang Hua said in an e-mail sent to the media.
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US Secretary of State Clinton’s Africa tour raises tensions with China
World Socialist Web Site
From the beginning of her tour, in Senegal, Clinton stoked tensions with China. During a speech before an audience at Cheikh Anta Diop University, Clinton praised Macky Sall, Senegal’s president. Sall’s installation as president in March came amid US
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Ralph Lauren’s outlook reflects global concern
MarketWatch
For the year, the company sees sales rising by a mid-single-digit percentage. The company is reducing distribution in China. In the U.S., it’s reducing distribution of the American Living collection Ralph Lauren designed for sale exclusively at J.C
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Kung Fu Panda 3 to be USChinese co-production
Big Cartoon News Blog (blog)
The third installment of DreamWorks Animation’s Panda series, “Kung Fu Panda 3″ will be made in China as a co-production with DWA, a new Chinese joint venture announced Monday. This is the first time that any major Hollywood animated feature film has
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Exclusive: China’s president eyes ally for promotion to top body: sources
Reuters
The Politburo has 24 members after the ousting of Bo Xilai, the charismatic but controversial party boss of the southwestern metropolis of Chongqing. He fell from power after his police chief sought asylum at a nearby U.S. consulate and his wife was
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Olympics 2012: Norway has 1st gold, China, US in close medal race
Zee News
Olympics 2012: Norway has 1st gold, China, US in close medal race London: A 36-year-old canoeist gave Norway its first gold medal of the London Olympics on Wednesday as China and the United States continued their intense games-long competition for
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US blueprint for war with China flawed and could spark nuclear strikes, says
Sydney Morning Herald
The American plan, known in Washington as Air-Sea Battle, is strategically flawed, Australia’s foremost regional defence expert, Hugh White, said, and risks escalating a USChina struggle to the level of nuclear strikes. It is also known to have
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Communist China Lobbying to Take Over US Oil, Lawmakers Still Concerned
The New American
Top American lawmakers on both sides of the aisle are expressing serious concerns about a bid by the communist dictatorship ruling mainland China to purchase Canadian energy firm Nexen and its vast U.S. oil and natural gas holdings. The deal by the
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China Accuses the US of Interference in South China Sea Disputes
Rigzone
Chinese state-run media ratcheted up criticisms of the U.S. Tuesday over tensions in the South China Sea, with the Communist Party’s top newspaper – People’s Daily Online – telling Washington that it is “stirring up troubles”. The Chinese Foreign
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US boxing coach unhappy with Esparza scoring
Houston Chronicle (blog)
As is almost standard for boxing, many onlookers criticized the scoring in Marlen Esparza’s 10-8 loss to Cancan Ren of China on Wednesday. U.S. head boxing coach Abdullah Basheer didn’t think any round was scored correctly other than the third round
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U.S. Stock Futures Lower Ahead of China Data
NASDAQ
Asian markets closed broadly higher, tracking previous gains in the U.S. and Europe, with Japan’s Nikkei Stock Average rising 0.9% to a one-month high and China’s Shanghai Composite gaining 0.2% to post a fourth-straight gain. Crude oil futures eased
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China, US see Pacific’s importance increase
Radio Australia
China’s growing power and the United States reaction to it is being felt in the Pacific Islands. In recent years, both countries have sent increasingly heavy-weight delegations, following the annual Pacific leaders’ summit by the Pacific Islands Forum
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China Drills Into Shale Gas, Targeting Huge Reserves Amid Challenges
National Geographic
Technology to force natural gas from its underground source rock, shale, has transformed the energy picture of the United States in the past six years, and China—sitting on reserves some 50 percent larger than those of the U.S.—has taken note
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Has US sold India defence equipment with dud Chinese parts?
NDTV
A US Senate investigation has concluded that between 2009 and 2010, 1800 incidents were detected in which more than a million fake parts had been sourced from China. The US Senate panel report that was released this May states that counterfeit
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China stocks lag Asia gains before data deluge
MarketWatch
HONG KONG (MarketWatch) — Asia markets rose Wednesday, with the resource sector helping most regional benchmarks complete a three-day winning streak amid hopes for further U.S. monetary easing, though Chinese shares lagged on caution a day
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Bank Break-Ups Would Push US Industry to China, Keating Says
Bloomberg
“The only place in the United States right now that has a balance of payment surplus is financial services. So we’re going to break up the banks and turn over Caterpillar’s business and Boeing’s business to the Chinese,” Keating said today in a
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Olympics-Basketball-Australian women beat China, set up US rematch
Chicago Tribune
team defeated China 75-60 on Tuesday to set up a semi-final showdown against a U.S. team that beat them in the gold medal game at the last three Olympics. Australia, who lost the previous three gold medal games by an average of 20 points, will meet the
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The Global Note: Syria’s Rebels & the US….Manila’s Nightmare…At Olympics
ABC News (blog)
The U.S. and China continue to lead the overall medal count by a wide margin; but the big surprise is the performance of the London 2012 hosts. As Jeffrey KOFMAN writes, “Clearly a big story of the Games is the incredible performance of the British
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China and US look to us as muse: Beazley
The Australian
While much has been said of the rise of China and the flow-on of economic benefits, the reciprocal notion is also true of Australia, Mr Beazley said, in an interview with the Asia Pacific Security Magazine, details of which were released yesterday
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Private Equity In China: Too Much Money, Too Few Deals
Forbes
When I was in the auto business, the statistics published by the Chinese government said that there were approximately 2500 components companies in the country. Those of us in the industry, though, knew that this number only counted the firms that were
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US, China dominate artistic gymnastics
ESPN STAR Sports
China and the United States dominated the artistic gymnastics events at the Olympic Games after strong performances throughout the competition. China’s men successfully defended their team title from Beijing 2008 while Zou Kai retained his still rings
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Senators ask China to crack down on fake US driver’s licenses
Washington Times
A bipartisan quartet of senators has called on the Chinese government to investigate companies in that nation that are producing high-quality counterfeit American driver’s licenses, saying the practice is a serious national security threat to the
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China’s Vantone Said to Discuss San Francisco Development
Bloomberg
China‘s Vantone Holdings Co. is in talks to transform a pier in San Francisco’s tourist district into space for Chinese companies seeking to do business in the U.S., said four people with direct knowledge of the matter. Talks between Vantone and San
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London Olympics: USA and China in beach volleyball women’s semifinal (photo
OregonLive.com
1 of 9 Link to this photo | Comments about this photo essay (0) China’s Xue Chen sets a ball during the semifinal women’s beach volleyball match against USA at the 2012 Summer Olympics, Tuesday, Aug. 7, 2012, in London. (AP Photo/Petr David Josek)
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Son in China Scandal Speaks Ahead of Trial
Wall Street Journal
But the son, Bo Guagua, who friends in recent weeks have said is living in the U.S., gave no details of his testimony as Chinese authorities made final preparations for what many observers see as the most politically significant trial in China in more
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3 US Companies Cashing in on China’s Consumer Spending Boom
Jutia Group
One of the consistent themes I’ve been repeating over the last few years is China’s transformation from an export-dependent manufacturing economy into a domestic-consumption-powered economy. Consider this: 70 percent of America’s GDP is composed of
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US exports to China skyrocket
Global Times
Nearly all congressional districts in the US, including China’s harshest critics, have seen higher growth of exports to China in 2011 than to any other market in the world, a latest report by the USChina Business Council (USCBC) showed. The report
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Markets take breather ahead of Chinese economic indicators and as trading
Washington Post
As trading volumes sink during the traditional holiday period in the U.S. and Europe, traders’ focus turned to China. “Markets continue to cast around for reasons to extend this current rally, but with policymakers on holiday and economic data thin on
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Rio Tinto Eyes China Steel Demand Peak In 2030
Fox Business
China’s transition to consumer-led economic growth is forecast to result in growing steel demand–peaking in 2030–as the world’s largest consumer of many commodities moves away from investment-led growth, the chief economist of mining titan Rio Tinto
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2 US women’s teams to play for Olympic beach gold
The Associated Press
LONDON (AP) — The beach volleyball title is staying in the United States. That’s for certain. The big question now is which team gets the gold. A few hours after twice-defending champions Kerri Walsh Jennings and Misty May-Treanor beat China, first
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US women chase third beach gold
ESPN
They will play Wednesday night against the winner of the late semifinal between top-tanked Brazilians Juliana and Larissa and the other American team, April Ross and Jennifer Kessy. The losers will play China’s Xue Chen and Zhang Xi. They’re trying to
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Talk of the Day — US scholar cautions against Chinese coercion
Focus Taiwan News Channel
Bonnie S. Glaser, a U.S. expert in China affairs, said that Cambodia’s passivity was the result of pressure from Beijing to keep any mention of the South China Sea, particularly a nearly two-month standoff between China and the Philippines around the
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