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U.S. China News 2012.08.14

Tue, August 14, 2012

Chinese companies pull out of US stock markets
USA TODAY
Updated. Comments. BEIJING – Just a few years after Chinese companies lined up to sell shares on Wall Street, a growing number are reversing course and pulling out of their U.S. stock exchange listing. A Chinese man walks past a TV advertising screen
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A murder and confession leave questions in China
U.S. News & World Report
By GILLIAN WONG, Associated Press. BEIJING (AP) — The murder of a British businessman by the wife of an ousted Chinese politician was supposed to be an open-and-shut case, by the government’s account. The victim threatened the life of Gu Kailai’s son.
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Chinese Company Offers To Acquire A Leading US Battery Maker
Forbes
With annual sales of approximately 19 million vehicles, China’s auto industry is now, by far, the largest in the world. Not content to be the world’s volume leader, though, government and industry leaders now share a common objective: “To make China’s
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Markets buoyed by upbeat US, German data
Atlanta Journal Constitution
While the U.S. Federal Reserve and the Chinese monetary authorities are expected to ease monetary policy further, the European Central Bank is widely-tipped to play a more crucial role in Europe’s debt crisis resolution efforts. Another interest rate
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METALS-LME copper up on China stimulus hopes; US, eurozone data eyed
Reuters
LME copper snaps four sessions of losses * Hopes of China stimulus boost * Sluggish physical demand for base metals weighs * Coming Up: Euro zone Q2 GDP flash estimate; 0900 GMT * U.S. producer prices, retail sales; 1230 GMT (Updates prices; adds
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Asia stocks up as traders look ahead to US data
Businessweek
BANGKOK (AP) — Asian stock markets edged higher in thin trading Tuesday, as investors awaited economic data from the U.S. while maintaining a positive mood in anticipation of action by central banks to shore up the global recovery. Hopes that central
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Romney Taunts China on Space, Olympics
Voice of America
At a campaign speech in the southeastern state of Florida, Romney also boasted about the success of the U.S. Olympic team, which finished with 16 more medals than second-place China. “This is still the greatest nation on Earth,” Romney said. “I know
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Chinese companies pull out of US stock markets
The Associated Press
By JOE McDONALD, AP Business Writer – 16 minutes ago. BEIJING (AP) — Just a few years after Chinese companies lined up to sell shares on Wall Street, a growing number are reversing course and pulling out of U.S. exchanges. This week, Focus Media
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China’s neo-capitalism beating US free markets
MarketWatch
BW’s Brendan Greeley aptly characterizes America’s incredible ineptitude in this battle between our free-market “fiction” and China’s aggressive hybrid neo-capitalism that’s beating us in global markets. Listen: “Now, more than a decade’s worth of tax
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China’s response to 2012 Olympics: American physique tough to beat
Christian Science Monitor
This type of coverage a day after the London Olympics closing ceremonies fails to mention what the world saw throughout much of the Games: China was leading the US team early in the Games in what would have been a first-ever blowout for the country
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China mum on dates for leadership change meeting
U.S. News & World Report
By CHRISTOPHER BODEEN, Associated Press. BEIJING (AP) — China’s ruling Communists are sticking to their trademark secrecy by keeping mum on the dates of a major party congress this fall that will promote new leaders. Communist Party officials
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US Wind Energy Grows 16 Percent, But Still Lags Behind China
TPM
The report paints an encouraging picture of a recovering wind sector from the year 2010 — when the effects of the recession were being felt in full — but it still shows the U.S. lagging behind China when it comes to new wind energy generation capacity.
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China’s Solar Imports To U.S. Dropped in June
Investor’s Business Daily
A U.S. industry group, citing government figures, says imports of Chinese solar cells and panels into the U.S. fell year-over-year for the third straight month in June. The Coalition for American Solar Manufacturing said in a release that the drop is
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Analysis: Heavy debts set China solar makers up for consolidation
Reuters
With prices for solar panels barely covering the cost to build them, dozens of small Chinese solar companies are believed to have shut their doors, and equity investors have fled the sector, sending share prices of the U.S.-listed Chinese companies
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China Trade Benefits
Wall Street Journal
The U.S.China Business Council, an association of large American companies doing business in China, has published an analysis of how America’s individual congressional districts gain from trans-Pacific trade. The results show a striking dissonance
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Tibetans clash with police in west China; 1 dead
U.S. News & World Report
BEIJING (AP) — Police in far west China beat a Tibetan man to death during a clash that broke out after two Tibetans set themselves on fire, a U.S. broadcaster said Tuesday, in the worst flaring of violence in the region in months. The violence
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Hong Kong Stocks Advance Ahead of US Retail Sales Data
Businessweek
Yue Yuen Industrial Holdings Ltd. (551), a maker of shoes for Nike Inc. that counts the U.S. as its biggest market, added 1.1 percent. Air China Ltd. gained 2.7 percent, leading Chinese carriers higher, after the companies reported higher revenue per
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Mona Locke, untapped at US Embassy in China
Washington Post (blog)
And an embassy spokesman outlined to The Loop some of her recent work: promoting the president’s “100K Strong” initiative aimed at bringing more American students to study in China and supporting a global effort to promote leadership among women and
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US stocks jump on retail sales report, world stocks higher
USA TODAY
Hopes that central banks in China, the U.S. and Europe are gearing up for more stimulus measures to help their respective economies are keeping markets buoyant. Expectations of action by the People’s Bank of China were compounded Tuesday when the
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Carlyle, China PE firms bid $3.5 billion for Focus Media
Reuters
HONG KONG (Reuters) – U.S. buyout fund Carlyle Group (CG.O) and some of China’s top private equity funds are targeting the biggest ever delisting of a New York-listed Chinese company, attempting to privatize a firm directly targeted by shortseller
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Powerful uncle of North Korea leader in China to talk business
Reuters
SEOUL (Reuters) – North Korean leader Kim Jong-un’s uncle — the man seen as the power behind the young and untested dictator — went to Beijing on Monday in the latest signal that the reclusive state is looking seriously at ways to revive its broken
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Let the Chinese Investors Overrun the U.S.
Investorplace.com
If Chinese investors bid up the stock of Exxon (NYSE:XOM) or Starbucks (NASDASQ:SBUX) as they plow money into U.S. exchanges, existing shareholders benefit — including employees with a stake in the company. And presuming they have invested
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Chinese company stops selling fake US IDs
Washington Times (blog)
The lawmakers last week wrote to Zhang Yesui, China’s ambassador to the U.S., to urge his government to “take immediate action” against companies that sell fake U.S. identification cards, saying the practice is a serious national security threat. They
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US stock futures flat after five weeks of gains
MarketWatch
weak outlook, lead Asia lower. Mainland Chinese stocks end sharply lower to lead most Asian markets down after Beijing failed to ease monetary controls over the weekend and as broker downgrades of the country’s growth highlighted economic worries.
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Firm Creates Beige Book for China, Sees Growth Rebounding in 2nd Quarter
Wall Street Journal
The quarterly report, similar to the Fed’s detailed look into the U.S. economy, is an effort to provide foreign investors a better snapshot of the economic workings of China. The report drills down to sectors and to China’s eight regions including
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US soldier pleads guilty to hazing ChineseAmerican serviceman
Reuters
WINSTON-SALEM, North Carolina (Reuters) – A U.S. Army infantryman accused in the suicide of a ChineseAmerican soldier in Afghanistan was sentenced to six months in prison and discharged from the military for misconduct after pleading guilty on
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Beijing Denies Creating Rifts Over S. China Sea
Voice of America
Carlyle Thayer, a specialist on ASEAN affairs at the University of New South Wales, says it would be a mistake to argue that long-standing territorial disputes between China and its five rival claimants are the result of recent U.S. policy decisions
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China’s winning strategy in Africa
Asia Times Online
The Africa policies of both the US and China are important not only in their own right, but also because these policies serve to indicate the significant differences in these two powers’ general foreign strategies and world views. US Secretary of State
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Romney Taunts China on Olympic Medal Count, Space Program
Voice of America (blog)
During his campaign, Romney has taken a firm stance on issues that have recently tested U.S.China relations, including disputes over trade, intellectual property, and currency value. Beijing has dismissed such statements as irresponsible and
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Mengniu in buyout talks with KKR-backed China Modern Dairy: report
Reuters
China’s dairy market remains in its infancy, with consumption of dairy products growing at an annual compound rate of 20 percent, a stark contrast to U.S. and European markets where demand has been shrinking in the past decade. Demand for high quality
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U.S. Farmers Are Exporting Genetics to China
Care2.com (blog)
Imports of livestock genetics from the U.S. are enabling Chinese farmers to trim their margins and produce animals in a shorter amount of time that grow faster, stronger and create more offspring. To ensure that they are forging a clear path to food
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China Stocks Rise for 1st Time in 3 Days; Shale Gas Shares Gain
Businessweek
China’s stocks rose, led by energy producers and property developers, after the biggest one-day decline in four weeks dragged valuations to a near-record low. (600999). China Oil HBP Science & Technology Co. (002554), which develops oil and gas fields,
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China’s Tencent Outperforms Its Western Peers
Wall Street Journal
Shenzhen-based Tencent has no obvious U.S. counterpart, its portfolio a hodgepodge of services somewhat similar to those of several U.S. companies, including Yahoo Inc., Google Inc., Facebook, Twitter Inc. and social-game developer Zynga Inc. It is a
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