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U.S. China News 2012.08.17

Fri, August 17, 2012

China, US political campaigns show stark contrasts
CBS News
The massive gap between Chinese and U.S. political culture underlines how successfully leaders in Beijing have resisted calls to liberalize their closed system. Sixty-three years after seizing power in a violent revolution, the Communist Party has seen
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China, US political campaigns show stark contrasts
The Associated Press
By By CHRISTOPHER BODEEN, Associated Press – 1 minute ago. BEIJING (AP) — The world’s two biggest economies are entering the final stages of political campaigns to pick their national leaders. But that’s where similarities in the politics of the
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Most China Stocks Advance as US Data Bolster Solar Companies
Businessweek
Most Chinese stocks rose, paring the benchmark index’s biggest weekly loss in two months, as an increase in U.S. building permits overshadowed concerns about slowing corporate earnings growth. EGing Photovoltaic Technology Co. (600537) paced gains
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China’s Investment Outlook Changing, But Still Tops US As Money Destination
Forbes
At first glance, the decline in Chinese FDI shouldn’t surprise. It’s biggest outside market, Europe, is mired in a recession. The U.S. is slowing down. A closer look at FDI points to significant headwinds facing China given the changing domestic and
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World stocks up on US data, Merkel
NBCNews.com
Next story in China Australian court OKs logo ban on cigarette packs. related. Advertise | AdChoices. Sabrina Quagliozzi. Richard Drew / AP. FILE – In this May 21, 2012 file photo, AMSTERDAM — Mildly positive news about the U.S. economy and
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China, US both in final stages of campaigns to pick national leaders, but
Greenfield Daily Reporter
BEIJING — The world’s two biggest economies are entering the final stages of political campaigns to pick their national leaders. But that’s where similarities in the politics of the United States and China end. While American candidates wage loud, rah
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Ryan talks China, US trade
Channel 6 News Online
NORTH CANTON, Ohio — U.S. Rep. Paul Ryan, the newly chosen GOP vice presidential candidate, used his first appearance in the Akron area Thursday to talk tough on trade, promising to level the playing field between the United States and China.
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METALS-Copper rises on upbeat US data, Merkel comments
Reuters
“We’ve seen a further small draw in LME stocks yesterday, which combined with U.S. housing starts, is bullish for copper. Despite concern over Chinese demand, the short-term outlook for copper looks good.” CHINA In China, the world’s top metals
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First Chinese ship crosses Arctic Ocean amid record melt
Reuters
REYKJAVIK/OSLO (Reuters) – An icebreaker has become the first ship from China to cross the Arctic Ocean, underscoring Beijing’s growing interest in a remote region where a record thaw caused by climate change may open new trade routes. The voyage
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America’s Cup is China’s chance to grow
San Francisco Chronicle
While the Oracle Team USA boats have been practicing on the bay for several months, over this year and last, China Team has been out once. Meet the underdog of next week’s America’s Cup World Series, a precursor to next year’s America’s Cup. The team
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Chinese say green battery technology leak fears overblown
Reuters
BEIJING Aug 17 (Reuters) – Foreign car makers in China including General Motors Co and Toyota Motor Corp last year thought they had scored a victory over Beijing’s efforts to strong-arm them into sharing cutting-edge electric car technology. But that
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China to issue verdict in Gu murder case on Monday: court
Reuters
Suspicion about Heywood’s death came to light after Bo’s former long-time police chief, Wang Lijun, fled to a U.S. consulate for about 24 hours in early February and exposed the allegations. Chinese courts usually deliver verdicts and sentences at the
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US Provoking China Militarily, in Both Rhetoric and Policy
Antiwar.com
Recent US statements criticizing China for militarizing the South China Sea area have been bitterly rejected by Chinese authorities, who view Washington as doing the militarizing and trying to provoke China. Source: BBC. Tensions between various Asian
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China’s ‘Flying Swords’ to receive US Imax release
Los Angeles Times
For all of the success that American movies have enjoyed in China, few films from the world’s most populous nation have done any business in domestic theaters. On Aug. 3, for example, China Lion opened the Mandarin-language “Girlfriend Boyfriend” in 16
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ChinaUS setup center to refine used cooking oil to use as aviation bio-fuel
Associated Press of Pakistan
ChinaUS setup center to refine used cooking oil to use as aviation bio-fuel -. BEIJING, Aug 17 (APP): The Commercial Aircraft Corporation of China (COMAC) and U.S. aerospace giant Boeing will work together to refine used cooking oil into aviation bio
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Toys “R” Us continues to expand in China
Chain Store Age
Wayne, N.J. – Toys “R” Us opened its first stores in Beijing last weekend, marking its continued expansion across China. The opening of the Beijing stores marks the retailer’s debut in Northern China. Two additional locations are slated to open in
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Stock futures edge up on China stimulus hopes
MarketWatch
U.S. stock index futures edge higher, finding a modicum of support after Chinese Premier Wen Jiabao says the country has room to further ease monetary policy, while Wal-Mart shares sink in premarket action after the retailer’s third-quarter forecast
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MS Banker in China Bribery Case: My Side of Story
CNBC.com
A former colleague of Peterson’s at Morgan Stanley, speaking on the condition of anonymity, agrees that little attention was paid to the U.S. anti-bribery laws during the Chinese real estate boom, and says most employees “knew very little” about the
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Inventing the Chinese Threat
Antiwar.com (blog)
“Since the disappearance of the Soviet Union,” writes James Dobbins at RAND Corp., “China has become America’s default adversary, the power against which the United States measures itself militarily, at least when there is no more proximate enemy in
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Thoresen Thai to Double Fleet as It Shuns China for US
Businessweek
Thoresen Thai Agencies Pcl (TTA) plans to almost double its dry-bulk shipping fleet in three years as a focus on Europe-U.S. cargos shields it from tumbling rates for hauling commodities to China. The fleet will climb to as many as 30 vessels from 16
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Profit drive, China rivalry spur Clinton’s Africa tour
The Militant
U.S. Secretary of State Hillary Clinton conducted a nine-nation 11-day African tour in early August, aimed at strengthening U.S. investment and Washington’s military clout throughout the continent and countering China, which overtook the U.S. as Africa
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Mexico To Benefit From US: China Tensions And Rising Wages In China
Seeking Alpha
This article discusses the reasons for being bullish on Mexico for long-term. The investment rationale is primarily backed by rising U.S.China tensions, which will benefit Mexico’s exports and an increasing competitiveness of manufactured products in
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Close Tokyo ties ‘crucial’ for US
China Daily
A report by a Washington think tank that calls for a closer alliance with Tokyo shows the US wants to make Japan an important part of its “return to Asia” policy to check China’s growth, analysts said. The report – written by former US deputy secretary
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Nigeria, China Trade Hits US$11 Billion
AllAfrica.com
Mr. Meng emphasized that Nigeria and China shared common features and histories such as huge population, vast arable land and rule by colonialists, saying it showed that both could benefit from each other’s experiences. He said: “China’s economic
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US Customs Seizes, Plans to Burn, Over 20000 Christian Louboutin Knockoffs
Fashionista
The shoes had been shipped from China to the US (Louboutins are made in Italy), and were said to have been split into five shipments–four of which were seized on Tuesday, and the fifth of which was seized a few weeks ago. Had the fake red soles hit the
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China Prospects for Overseas Gold With Bid for Barrick Gold
Fox Business
After years of scooping big overseas energy and industrial metal assets, China is gaining momentum in another commodity sector: gold. China National Gold Group Corp.’s potential $3.9 billion bid to acquire African Barrick Gold PLC (ABG.LN) is the
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China Poodle ‘Babies’ Spur $1.2 Billion Pet-Care Market
Bloomberg
The number of dollar millionaire households in China climbed 16 percent in 2011 to 1.43 million, ranking the country third behind the U.S. and Japan, both of which saw their numbers decline, according to a Boston Consulting Group survey released in May.
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Hong Kong stocks rise; Chalco, China Mobile drop
MarketWatch
Shares of Aluminum Corp., also known as Chalco (US:ACH)(HK:2600), slid 2.7% after it reported a loss for the first half. China Mobile (HK:941)(US:CHL) sank 2.7%, on top of the 5% tumble Thursday, when it reported weaker-than-expected results. Over on
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US plans institute to prevent jobs going to India, China
Livemint
“This institute will help make sure that manufacturing jobs of tomorrow take root not in places like China or India, but right here in the United States of America,” US President Barack Obama said in a statement. “That is how we will put more people
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Late surge gave US narrow win over China
Inquirer.net
THE SEESAW battle between the United States and China in the just-ended 2012 London Olympics saw the American athletes eventually overtaking the Chinese by six gold medals in the overall tally, 46-38. All told, the US accumulated 46 gold, 29 silver
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Any need for aviation road show jamboree to China, US, Canada?
The Guardian Nigeria
One of such thrilling dramas is the so-called aviation road jamboree upon by the Minister of Aviation, Stella Oduah, to the United States (U.S), Canada and China, to purportedly showcase Nigeria’s potential in the dying aviation sector. Certainly, when
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Apple (AAPL): China Represents The Next Leg Of Growth, Yet Challenges Persist
iStockAnalyst
(By Mani) China would be the next leg of growth for Apple, Inc. (NASDAQ:AAPL) and its flagship product iPhone as the demand in its key U.S. market is saturating and half of the smartphone sales are now in Asia. But, the journey would not be easy as it
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What should the US do in the South China Sea?
Alaska Dispatch
CAMBRIDGE, Mass. — They are mostly just tiny specks of uninhabited rock spread out over 772000 miles of the South China Sea. They bear the names given to them by European cartographers, Spratly, Paracel, and Scarborough Shoal, although the
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China Government Asked to Probe EU Solar Dumping, Xinhua Says
Bloomberg
The U.S. has proposed anti-dumping duties on Chinese solar makers ranging from 31 percent to 250 percent after the Commerce Department in May ruled they sold products below costs. Suntech Power (STP) Holdings Co., LDK, Trina Solar Ltd. (TSL) and
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Message to China? US Navy guided missile destroyer to visit Manila
GMA News
The USS Milius, a guided missile destroyer, will arrive at the Manila South Harbor on Saturday for a four-day goodwill visit that highlights the strong connections between the US and the PHL at a time of rising tensions in the South China Sea. US Navy
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China’s “Chequebook” Diplomacy in Africa
Foreign Policy Journal
In the recently concluded fifth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) on China-Africa strategic partnership, President Hu Jintao pledged a US$20 billion of credit line for African countries in the next three years
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Indian American academic to head US institute
TwoCircles.net
Reddy, associate professor of economics, and Mark Frazier, professor of politics, will develop the ICI’s exploration of the relationships between India, China and the US by launching new research programmes and partnerships with other global
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China presents technology plan to US at Kean University event tomorrow
Suburban News
While Chinese educational leaders had access to the U.S. national education technology plan, released in 2010, in the development of their plan, this will be the first time that China’s education plan will be made officially available to U.S. leaders.
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Review: Documentary ‘Death By China‘ Solid on Accusations But Soft On Solutions
Starpulse.com
The problem with the overly caustic “Death By China” is that it’s relentless in displaying and examining problems, but in turn offering up little in terms of aggressive change. Back in 2001, China joined the World Trade Organization and the US fully
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Rethinking USChina Relations
China Digital Times
The first is on the question of principle: should America even contemplate changing the role it plays in Asia, in order to accommodate China’s rising power, or should it insist on preserving the status quo? The second is on the question of degree: how
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China investment elephant is well and truly in the room
The Australian
The US is by far Australia’s leading foreign investor with well more than $500 billion in assets here. But Chinese state-owned enterprises are rising fast, and often with FIRB approval. As a new University of Sydney-KPMG study shows, China has invested
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Death by China
Variety
“Death by China” paints a frightening vision of an evil, totalitarian government aiming weapons of economic destruction at the U.S. while massively building up its military capability. One need not fully subscribe to Peter Navarro’s demonization to
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China may import corn from S America due to high US prices
Farming UK
The former Chinese State Admin for Grain said that China is more likely to import what corn it needs in 2012/13 from South America due to high US prices. Strategie Grains cut their EU-27 corn production estimate by 7.1 MMT from their previous estimate
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China’s labour market is under pressure, says Credit Suisse
Business Insider
Yesterday’s China foreign direct investment was disappointing, showing that foreign companies are losing interests in direct investment into China. To us, slowing direct investment inflow and increasing outflow will make the task of easing liquidity
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