Skip to content

U.S. China News 2012.08.13

Mon, August 13, 2012

US Owns Olympic Pool, Track to Regain Gold Lead From China
Businessweek
The U.S. beat China at the London Olympics by land, led by triple gold-winning sprinter Allyson Felix, and by water, with swimmer Michael Phelps collecting six medals. The U.S. finished first with 46 golds and 104 total medals; China was second with 38
See all stories on this topic »

US stocks fall after Japan reports weak economic growth, adding to fears of
Washington Post
U.S. stocks fell Monday as evidence piled up that the global economic slowdown is dragging on Asia. Japan’s economy grew in the second quarter at a 1.4 percent annual rate, slower than many analysts had expected. Last week, China released dismal
See all stories on this topic »

Casino Mogul’s Frontman in China Is Focus of Inquiries
New York Times
Mr. Yang arranged meetings for Mr. Adelson with senior Chinese officials, acted as a frontman on several ambitious projects for Mr. Adelson’s company, the Las Vegas Sands Corporation, and intervened on the Sands’s behalf with Chinese regulators.
See all stories on this topic »

US, China’s medal count might not be as impressive as it seems
New York Daily News
The United States won more than 100 medals during the London Olympic Games, beating out Australia, Britain and China as the most decorated country, but those athletic superpowers don’t fare nearly as well when medal count is broken down by population
See all stories on this topic »

U.S. routs China in golds, total medals
Detroit Free Press
LONDON — Most medals. Most gold medals. The U.S. left no doubt at the Olympics. When the men’s basketball team took the Olympic title Sunday, it won the 46th American gold medal in London, the highest U.S. total at a “road” Olympics. The U.S
See all stories on this topic »

China Yuan Tad Down on Corporate Dollar Buying; US Economic Data Eyed
Wall Street Journal
SHANGHAI–China’s yuan fell slightly against the U.S. dollar late Monday as market participants sought the safety of the greenback after recent economic data showed China’s economic slowdown may be more pronounced than previously thought. On the
See all stories on this topic »

Focus Media Receives Preliminary Offer From Private-Equity Group
Bloomberg
Chinese stocks trading in the U.S. have faced investor scrutiny this year after companies such as China MediaExpress Holdings Inc. (CCME) disclosed financial irregularities or auditor resignations. Carson Block, who runs Muddy Waters, helped fuel some
See all stories on this topic »

Capitalist USA beats communist China in Olympics
Human Events
The Olympics is always an enjoyable diversion from the spectacle of professional sports (football, baseball, basketball, tennis, golf, etc.) and a chance to witness the amazing feats of athletes in non-traditional games such as gymnastics, swimming
See all stories on this topic »

US Owns Olympic Pool, Track to Regain Gold Lead From China (London)
MLive.com
Americans took a games-leading 31 medals in swimming, led by Baltimore native Phelps, compared with 10 for Chinese swimmers. In 47 track and field events, the U.S. won 29 medals to China’s six. Felix won gold in the 1600- and 400-meter relays and the
See all stories on this topic »

Bo Xilai case a tricky matter for China’s leaders
U.S. News & World Report
BEIJING (AP) — Trying disgraced politician Bo Xilai’s wife for murder was the easy part in cleaning up the political mess the couple has created for China’s communist party leaders. Now comes the tough part: punishing Bo for abuse of power without
See all stories on this topic »

American voice with Chinese accent
The Hindu
Unprecedented growth rates of 10.1 and 6.2 per cent by 2.5 billion strong China and India for last thirty years make their ‘rise’ staple food for academic analyses and media commentaries around the world. Like in most things, the lead again is provided
See all stories on this topic »

A US Mill Re-Opens To Meet China’s Rising Demand For Diapers
NPR (blog)
A Virginia paper mill that shut down a few years back is reopening to meet rising demand from China and India. The mill is “gearing up to begin producing fluff pulp—the soft, white absorbent used in diapers, tampons, and some medical bandages,” this
See all stories on this topic »

China soybean import demand to wane, softening prices: Clyde Russell
Reuters
Clyde Russell is a Reuters market analyst. The views expressed are his own. –. By Clyde Russell. LAUNCESTON, Australia (Reuters) – As unlikely as it may sound, the jump in China’s soybean imports to a 25-month high and the 12 percent drop in the U.S.
See all stories on this topic »

Venezuela boosts oil sales to China
Fox News
“Before, we never sold a single barrel of petroleum to China and now we sell them 640000 (bpd) … at a better price than … in the U.S. market,” Rafael Ramirez said in an interview with El Correo del Orinoco newspaper. Venezuela produces around 3
See all stories on this topic »

US think tank plans military build-up against China
World Socialist Web Site
Having identified China as the chief potential rival, the report rules out any repeat of the US containment strategy employed to isolate the Soviet Union during the Cold War—thus pointing to the United States‘ economic dependence on China
See all stories on this topic »

US tallies convincing win in gold, overall medal counts
San Francisco Chronicle (blog)
With some help from hoops, the track and the ladies, the Yanks finished with 46 golds and 104 total medals to easily outdistance second-place China, which tallied 38 golds and 87 total medals. The U.S finished with 29 silvers and 29 bronze to top the
See all stories on this topic »

US firm confident of China’s economic rebound
TwoCircles.net
Beijing : Caterpillar, a US-based construction equipment maker, is confident that China’s economy will experience a soft landing, as the government has taken appropriate measures for an economic rebound, one of the company’s top officials who is also
See all stories on this topic »

In China, Feature Phones Still Dominant, Help Drive Internet Usage, Mobile
PCWorld
A case in point is Easou, a mobile Internet search company with more than 200 million users in the country, many of whom are using less advanced handsets from Nokia and local Chinese brands. “In the U.S., when the smartphone came out, people started
See all stories on this topic »

Nebraska Leads States Courting China as Congress Fights on Trade
Businessweek
State leaders are ignoring the anti- China rhetoric from the U.S. Congress and presidential candidates as they pursue investments by companies in the world’s second-largest economy at a pace that may accelerate. Five governors, including Nebraska’s
See all stories on this topic »

China’s Ancient Mariners Stoke Modern Conflict in S. China Sea
San Francisco Chronicle
China’s assertiveness over a vast stretch of sea has grown in lockstep with its economic clout as it overtook the U.S. to become the world’s largest energy user. It is encountering competition over the rights from others, notably Vietnam and the
See all stories on this topic »

China & US Battery Technology
WBUR
A123, the American company at the forefront of research and innovation in new wave batteries for electric cars, won a quarter-billion dollar nod of support from the US government. Now it’s in trouble, and turning to a Chinese company to bail it out
See all stories on this topic »

US HOT STOCKS: Google, Tesoro, Salesforce.com, Campbell Soup, Sears
Wall Street Journal
China Gerui Advanced Materials Group Ltd. (CHOP, $2.07, -$0.15, -6.76%), a China-based strip steel producer, lowered its guidance for the fiscal year. The company’s chief executive said the move reflects “the industry wide reduction in steel prices
See all stories on this topic »

With Chinese immigration waning, US Chinatowns are at a crossroads
Public Radio International PRI
(Photo by Jason Margolis.) Since Chinese immigrants first started coming to the United States in the mid 1800s, many have congregated, at least initially, in Chinatowns. But as immigration slows, and China’s economy roars, that flow of immigrants is
See all stories on this topic »

The Olympic Competition Continues as the US Goes After China’s Guinness
Virtual-Strategy Magazine
ST. HELENA, Calif., Aug. 13, 2012 (GLOBE NEWSWIRE) — The Olympic Flame was extinguished yesterday in London at the closing ceremony, but the competition between the United States and China continues as the U.S. ramps up for the next attempt to
See all stories on this topic »

XLRI ties up with US, China B-schools
Times of India
JAMSHEDPUR: XLRI has teamed up with the two noted business schools of the US and China for producing global business managers of tomorrow. The new full time two-year global management programme will be introduced from the next academic
See all stories on this topic »

China’s $13 Billion Art Fraud — And What It Means For You.
Forbes
If you pay attention either to China or the art market, you’ve probably heard the story: China last year became – according to art industry experts – the world’s largest market for art and antiques, surpassing the USA. Well, here’s a shocker: it isn’t
See all stories on this topic »

US finishes Olympics with lead in golds, total medals
USA TODAY
LONDON – The soundtrack to the London Olympics went a little like this: Paul McCartney performing Hey Jude during the opening ceremony. The official song of the Games, Muse’s Survival, blaring at every venue. The music to Chariots of Fire during every
See all stories on this topic »

State Bank Funding to Help Major Chinese Firms Go Private
LoanSafe
(Source: Ariel Tung China Daily, Beijing / Asia News Network — While Chinese stocks struggle to attract US investors, private-equity groups are seeking to buy out some of these companies with funding provided by State-owned China Development Bank.
See all stories on this topic »

US factories head home as China costs rise
BusinessWorld Online Edition
Frustrated by expensive and slow shipping and wanting more control over the manufacturing process, the 15-year-old company started building factories in Simi Valley, California, and Crystal Lake, Illinois. “When we do the numbers we’re actually ahead
See all stories on this topic »

China and U.S. discuss cybersecurity via think tanks
FierceGovernmentIT
Two establishment national security think tanks–one Chinese, the other American–have been holding what a former Homeland Security Department official says could be described as proxy negotiations on cyber war and cyber espionage. Stewart Baker, a
See all stories on this topic »

Asia stocks kept in check by China, Japan growth
U.S. News & World Report
By PAMELA SAMPSON, Associated Press. BANGKOK (AP) — Asian stock markets struggled to make headway as data on Japan’s economy disappointed investors and worries persisted about growth in China and Europe’s ability to pull out of a debt crisis.
See all stories on this topic »

Asia stocks kept in check by China, Japan slowdown
U.S. News & World Report
By PAN PYLAS, Associated Press. LONDON (AP) — A larger-than-anticipated slowdown in Japan’s growth rate failed to dent investor hopes Monday of more stimulus measures from the world’s central banks. Japan’s economy grew by only 0.3 percent in the
See all stories on this topic »

The Ridiculous ‘Red Dawn 2’ Movie Is Even More Absurd Than You Think
The Atlantic
The Soviet Union and United States had a real beef, one that could have foreseeably led to the sort of worst-case scenario portrayed, if fantastically, in Red Dawn. But that is just not the world that we live in anymore. China and the U.S. don’t have
See all stories on this topic »

US Steel Has a Sound Strategy, but Hurdles Remain
Morningstar.com
Domestic steel prices have been tepid in 2012, and while demand continues to improve, the U.S. economy is not yet strong enough to handle the pressure of weak steel market conditions in Europe and potentially China as well as added domestic supply.
See all stories on this topic »

Hedge Funds Reduce Wagers After Longest-Ever Rally: Commodities
San Francisco Chronicle
U.S. monetary policy can’t stem the impact of the slowdown in China and the turmoil in Europe, said Clarida, of Newport Beach, California-based Pimco, manager of the world’s biggest bond fund. Factory output in Germany dropped 0.9 percent in June, the
See all stories on this topic »

Analysis: China’s sway over Cambodia tests Southeast Asian unity
Chicago Tribune
Official data shows Chinese investment in Cambodia was $1.9 billion last year, more than double the combined amount of ASEAN countries and 10 times more than the United States. Phnom Penh’s low-rise skyline is dotted with Chinese cranes and
See all stories on this topic »

L&L Energy Completes Investor Site Visit in China
Sacramento Bee
L&L has entered an expansion phase, seeking to consolidate mines in China and expand its sphere of business operations. Using its U.S. executives and quality assurance processes, the Company is upgrading its mining portfolio and expanding its
See all stories on this topic »

Chastened China sees tough road ahead to Rio
Chicago Tribune
China amassed 38 gold medals in London to reaffirm its status as a sporting superpower but finished behind the Americans, who will take 46 titles back to the United States. Reeled in by the U.S. athletics team in the final days, the East Asian power
See all stories on this topic »

Why Cheap-Shot Diplomacy in Africa Won’t Work
Businessweek
U.S. Secretary of State Hillary Clinton returned from a seven-nation tour of Africa last week, leaving controversy in her wake over veiled references to China’s engagement on the continent being self interested and value-subtracting. For all that this
See all stories on this topic »

China Southern Airlines to Retrofit 40 Aircraft with Blended Winglets
Sacramento Bee
“With 40 additional aircraft utilizing our technology, China Southern can expect almost US$11 million in additional contribution to profit annually, while reducing their CO2 output by more than 20000 tonnes.” Blended Winglets provide the most reliable
See all stories on this topic »

Divers meet their match
China Daily
Bronze medalist and home-turf sweetheart Thomas Daley appeared even happier than the cheering crowds when American David Boudia upset Chinese favorite Qiu Bo to grab the Olympic men’s 10m platform title on Saturday. Qiu buried his head in his arms
See all stories on this topic »

Iran-China Plan To Increase Bilateral Trade To US$70 Billion In 5 Years
Bernama
BEIJING, Aug 13 (Bernama) — Iran and China plan to increase bilateral trade to US$70 billion in five years, Iran’s Mehr News Agency (MNA) reported Iranian Ambassador to China Mahdi Safari as saying. Speaking to a group of Iranian journalists visiting
See all stories on this topic »

25 Influential Chinese In Global Fashion — 2012 (Full List)
Forbes
Shanghai-based designer was in the U.S. this year a participant in the CFDA/Vogue Fashion Fund. She has studied at China Textile University and Central Saint Martins, has participated in shows in London, Paris and Milan, and partnered with Audi in China.
See all stories on this topic »

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: