Skip to content

U.S. China News 2012.08.16

Fri, August 17, 2012

US Stock Futures Edge Up On China Stimulus Hopes
Wall Street Journal
FRANKFURT — U.S. stock index futures posted minor gains Thursday, with stimulus-hungry equity bulls finding a modicum of comfort after Chinese Premier Wen Jiabao said the country has room to further loosen monetary policy. Futures on the Dow Jones
See all stories on this topic »

What should the US do in the South China Sea?
GlobalPost
What should the US do in the South China Sea? Commentary: The US could lose credibility over a dispute among China, Vietnam, the Philippines, Brunei and Taiwan in the South China Sea. HDS GreenwayAugust 16, 2012 06:17. Spratly islands south china
See all stories on this topic »

US Grain Exports-Soybean sales hit six-week peak as China buys
Reuters
Soy sales aided by biggest China purchases since June * Corn, wheat sales below trade forecasts Aug 16 (Reuters) – U.S. soybean export sales jumped to a six-week high last week, topping trade expectations on the heaviest purchases of the oilseed by
See all stories on this topic »

China’s North American Energy Ambitions
Seeking Alpha
China’s first manned outing into space hasn’t been the only mission the country has been focused on recently. There has been an almost surgical focus by China on foreign acquisitions in the energy space, taken one giant step further by the acquisition
See all stories on this topic »

Chinese owned companies pulling back from U.S. markets
NASDAQ
The motive for delisting in the U.S. and listing in China is not entirely innocent. The withdrawals are sometimes attributed to questionable accounting practices and disputes between U.S. and Chinese regulators. It has long been a challenge for U.S
See all stories on this topic »

In China, cheap and cheerful phones outsmart Apple
Reuters
SHANGHAI (Reuters) – In China’s booming smartphone market, which is set this year to overtake the United States as the world’s largest, a host of little-known local firms are primed with cheap phones to squeeze market share from U.S. giant Apple Inc’s
See all stories on this topic »

GLOBAL MARKETS-Stocks rise, dollar falls as US data weigh
Reuters
By Richard Leong. NEW YORK, Aug 16 (Reuters) – World shares rose to near 3-1/2 month highs o n T hursday, following hints that global growth engine China is eyeing new support for its economy, while mildly disappointing U.S. data weakened the dollar.
See all stories on this topic »

Most Emerging Stocks Rise as US Building Permits Climb
Businessweek
Most Emerging-market stocks advanced as U.S. building permits jumped in July to a four-year peak, offsetting concern of declining foreign direct investment in China, the world’s second-biggest economy. The MSCI Emerging Markets Index (MXEF) was little
See all stories on this topic »

Born from Japan disasters, Line app sets sights on U.S., China
Chicago Tribune
TOKYO (Reuters) – Born in the chaos after Japan’s 2011 disasters, the smartphone application “Line” has attracted 50 million users faster than Facebook with a made-in-Japan blend of cute and the promise of free communication. Now, the company behind
See all stories on this topic »

China’s Perfect World quietly becomes a North American powerhouse in online
VentureBeat
Asia’s online gamemakers are churning out the profits, but they aren’t well known on the global stage. Perfect World, based in Beijing, is one of those lesser-known companies. But it has made a fortune in free-to-play massively multiplayer online games.
See all stories on this topic »

Lenovo profit beats estimates but China slowdown a risk
Reuters
HONG KONG (Reuters) – Lenovo Group Ltd, the world’s No.2 PC maker by sales, reported a better-than-expected quarterly profit, pushing its shares to a seven-week high, but analysts warned a slower Chinese economy could cut into its performance.
See all stories on this topic »

China Mobile profit up 1.5 percent amid rivalry
NBCNews.com
BEIJING — China Mobile Ltd., one of the country’s three major state-owned phone carriers, said Thursday its profit rose just 1.5 percent in the first half, dented by fierce competition and the costs of adapting to new technologies. Data: Latest
See all stories on this topic »

How China and the US pave different roads to development in East Africa
89.3 KPCC
Karuhanga is an oil company executive and has dealt with both Chinese and U.S. officials. He says China is building roads, hospitals and government buildings. Some projects are outright gifts and others are funded by long term loans from China
See all stories on this topic »

BASE METALS: Comex Copper Rises on US Data, China-Easing Hopes
Wall Street Journal
NEW YORK–Copper futures gained Thursday, as hopes that U.S. home-building data and reassuring comments from leaders in Europe and China pointed to steady demand for the industrial metal. The most actively traded contract, for September delivery,
See all stories on this topic »

Analysis: Emerging countries will not match China metals appetite
Reuters
LONDON (Reuters) – The next group of emerging countries to urbanize will probably not sustain the voracious demand for metals demonstrated by China over the last decade, but could match its thirst for oil, commodities experts say. China’s huge appetite
See all stories on this topic »

U.S. stocks start higher after data, China report
MarketWatch
SAN FRANCISCO (MarketWatch) — U.S. stocks started slightly higher on Thursday, helped by a report from China that signaled the country was moving to inject more stimulus into the economy. The Dow Jones Industrial Average rose 19 points, or 0.2%,
See all stories on this topic »

China H2 trade outlook severe, inward investment slows
Reuters
BEIJING (Reuters) – China’s trade outlook for 2012 is worsening, darkened especially by growing problems in Europe, the Commerce Ministry said on Thursday as it revealed the longest run of falling inward investment growth in the economy since the
See all stories on this topic »

US asks China to press Syria’s Assad
The News International
WASHINGTON: The United States on Tuesday called on China to use its influence to press Syrian President Bashar al-Assad to end more than a year of bloodshed as senior US and Syrian envoys visited Beijing. “Our hope is that the Chinese will do what
See all stories on this topic »

METALS-Copper rises on strong euro, growth hopes
Reuters
(Updates with closing prices) * China’s Wen says economy still under pressure * Asia merchants increase spot primary aluminium purchases * U.S. weekly jobless claims point to recovering labour market By Susan Thomas and Harpreet Bhal LONDON, Aug
See all stories on this topic »

US should share power with China in Asia Pacific: Australian strategist
Xinhua
CANBERRA, Aug. 16 (Xinhua) — The United States should treat China as equals and Australia’s relations with the two powers will affect its future economy and security,Hugh White, a renowned Australian strategist said in a recent interview with Xinhua
See all stories on this topic »

US outbids China for resources
The Australian
Australia’s former Treasury representative in Beijing, Stephen Joske, who now heads the Asian business for Australian Super, said: “I don’t think we should look at Chinese and US interest in Australian assets as strategic competition. It’s just about
See all stories on this topic »

Gold Investment Demand and India, China Demand Down; Central Bank
Business Insider
Macroeconomic backdrop remains highly supportive with the Eurozone debt crisis far from resolved and the risk of debt crisis in Japan, the UK, India, China and the U.S. in the coming months. US data reported yesterday clouded any certainty over the US
See all stories on this topic »

Walmart’s Master Plan to Sell China to Itself
Wired News (blog)
Walmart’s mastery of brick-and-mortar retail depends largely on a peerless supply chain that enables its stores to sell Chinese-made goods to U.S. consumers on the cheap. But the company has struggled to score big in the Chinese market itself. That
See all stories on this topic »

China-Auto Recall, Oil, WJB Capital, Finra: Compliance
Businessweek
An Australian recall by China’s two biggest car exporters for potential cancer-producing asbestos parts may threaten plans by Chinese automakers to expand into the U.S. and Europe amid intensifying competition at home. Australia was to be the “testing
See all stories on this topic »

Paul Ryan: China Is Treating Obama ‘Like A Doormat’
Huffington Post
The announcement came one month after the WTO ruled in favor of the United States in a case against Chinese duties on U.S. electrical steel, which authorized the U.S. to impose its own tariffs against China and was seen as a victory for the administration.
See all stories on this topic »

China has economically peaked: US expert
TwoCircles.net
Kolkata : Observing that the Chinese economy had reached its peak, US foreign policy expert Walter Russell Mead Thursday said that the country was on the “brink of a major economic crisis”. “Economically, China has already peaked. It is an economy
See all stories on this topic »

Wen says China still can meet growth target
U.S. News & World Report
That is relatively robust compared with the United States, Europe and Japan but has hurt Chinese companies that depend on higher growth to drive sales. “We have the conditions and capabilities, and will be sure to fulfill this year’s economic and
See all stories on this topic »

Analysis: Rhetoric aside, Obama and Romney not far apart on trade
Reuters
With the U.S. unemployment rate still stubbornly above 8 percent, Romney is courting blue-collar votes in swing states like Ohio by promising to get tough with China over its currency practices and by highlighting Obama’s refusal to formally label
See all stories on this topic »

US report urges Japan to work with Taiwan on security
Taipei Times
There is a “drift” in the US-Japan relationship, and the health and welfare of “one of the world’s most important alliances” is endangered, says the report, which was released on Wednesday. The report says this comes at a time when the resurgence of
See all stories on this topic »

Oil Fluctuates on U.S. Housing Data, Investment Into China – report
NASDAQ
Oil fluctuated near a three-month high as U.S. building permits advanced and foreign direct investment in China declined, Bloomberg reported. Prices were steady after the Commerce Department said building permits increased to an 812000 pace in July,
See all stories on this topic »

GLOBAL MARKETS-Shares steady, dollar edges up on US data
Reuters
“Because the trade relationship with Europe is so developed, people fear the slower Chinese economy could be another factor undermining Europe.” The dollar strengthened against most major currencies following a strong U.S. industry output report on
See all stories on this topic »

Ma lauds US commitment, reiterates East China Sea Peace Initiative
China Post
“We hope the peace in East Asia can be maintained,” Ma said during a meeting with a delegation from the Center for Strategic and International Studies in the U.S. that was led by Adm. Gary Roughead, former chief of naval operations for the U.S. Navy
See all stories on this topic »

Nu Skin CFO calls China model “kosher,” plans no changes
Reuters
(Reuters) – Nu Skin Enterprises Inc’s (NUS.N) finance chief on Wednesday dismissed a noted short-seller’s claims that the company’s sales model in China was illegal, and said there was no need to change it. “We’re confident that it’s kosher,” Chief
See all stories on this topic »

China And US: Not Quite There Yet
Action Forex
The US has seen intermittent periods of positive fundamental news of which a drop in the unemployment rate during the month of April, better than expected NFPs in August, etc. Nevertheless, even though inflation has eased substantially going under the
See all stories on this topic »

Global stocks firm, dollar slips as US data weighs
Reuters
NEW YORK (Reuters) – World shares edged up to near 3-1/2 month highs on Thursday, following hints that global growth engine China is eyeing new support for its economy, while mildly disappointing U.S. data weakened the dollar. A small unexpected rise
See all stories on this topic »

US customs officials seize 20000 pairs of fake shoes in LA
Fox News
LOS ANGELES – Federal customs officials have stopped more than 20000 pairs of counterfeit luxury shoes from tip-toeing into the U.S. from China. U.S. Customs and Border Protection Spokesman Jaime Ruiz says four shipments of fake Christian Louboutin
See all stories on this topic »

Android is winning – if you’re writing apps for China. Elsewhere, though…
The Guardian (blog)
Here’s how the picture looks if we split the world into three territories – China, the US, and everywhere else – and show the averages from the Gartner figures. Suddenly it’s clear that Android is over-represented in China, and that it distorts the
See all stories on this topic »

Ryan says China has been treating Obama like a ‘doormat’ on trade
The Hill (blog)
“We also need trade that works for us. We come from manufacturing states. We make things, we grow things,” Ryan, the House Budget Committee chairman, said Thursday. “They [China] steal our intellectual property rights. They block access to their
See all stories on this topic »

War’s Legacy Plagues Japan And Its Neighbors
TIME
The U.S. has been trying to stay out of the region’s territorial disputes. But the enmity between two of its closest allies could jeopardize U.S. security interests even as it strives to meet the challenge of a rising China. South Korea cancelled the
See all stories on this topic »

HK Shares End Down; China Mobile Weakness Offsets Tencent Strength
Wall Street Journal
heavyweight China Mobile after its worse-than-expected interim results. The blue-chip Hang Seng Index fell 89.34 points, or 0.5%, to 19962.95. Market volume totaled 44.16 billion Hong Kong dollars (US$5.68 billion), up from HK$42.35 billion Wednesday.
See all stories on this topic »

Five Things The Olympics Taught Us About China
CBS Local
The Olympics may be over with, but we’re not done talking about them, and we’re never done talking about China. Namely how they’ll probably one day end up owning us, or something along those lines. We’re not the kind to argue with results, and since
See all stories on this topic »

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: