Skip to content

U.S. China News 2012.08.22

Wed, August 22, 2012

China’s ZTE logs biggest quarterly profit fall since 2006
Reuters
HONG KONG (Reuters) – ZTE Corp (0763.HK), the world’s fourth-biggest mobile phone vendor and fifth-ranked telecoms gear maker, posted an 85 percent drop in quarterly profit, as the Chinese firm’s margins were squeezed by sluggish equipment sales and
See all stories on this topic »

China and Singapore Latest to Invest in US LNG Facility
Minyanville.com
MINYANVILLE ORIGINAL China and Singapore have invested a combined $1 billion into a planned Louisiana-based liquid natural gas export facility being built by Cheniere Energy, Inc. (LNG) in a bid to secure access to cheaper US natural gas, currently
See all stories on this topic »

Stephen Roach’s Nightmare Involves Romney Triggering A Trade War With China
Business Insider
U.S. policymakers have long argued that China manipulates its currency. Presidential candidate Mitt Romney has gone so far as to say he would call China a currency manipulator on his first day in office. And the U.S. has filed WTO complaints about
See all stories on this topic »

USChina Accounting Standoff A Threat to Hedge Funds, Capital Markets
Advanced Trading
Publicly-traded Chinese firms face the threat of de-listing from U.S. exchanges over their resistance to American accounting standards, a scenario that holds huge implications for U.S. hedge funds and the nation’s capital markets. Tags: Hedge Funds
See all stories on this topic »

US STOCKS-Futures ease after Japan data, Greece meetings eyed
Reuters
Japan’s exports slumped the most in six months in July as shipments to Europe and China tumbled, adding to concerns over global demand after a string of dire trade figures from Asia’s export engines. “Japan’s numbers were terrible, their exports to
See all stories on this topic »

Chinese acquisitions in US near record
Financial Times
Chinese acquisitions of US assets and businesses are running at record levels this year, bucking the trend of a generally tough mergers and acquisitions market and a sign that it is easier than many think for Chinese companies to attain approval for
See all stories on this topic »

US U-20 Women’s National Team faces China PR in second group match of U
Potomac Soccer Wire
The U.S. Under-20 Women’s National Team will look to move one step closer to a quarterfinal berth at the 2012 FIFA U-20 Women’s World Cup when it faces China PR on Thursday, Aug. 23, at Hiroshima Big Arch Stadium. The USA is coming off a 4-0 win
See all stories on this topic »

American Marketing Association Will Create Marketing Certification Program in
U.S. Politics Today
22, 2012 /PRNewswire-USNewswire/ — The American Marketing Association (AMA), the largest professional association for marketers in North America, will develop a training and certification program for marketers in China. On July 26, 2012, the AMA
See all stories on this topic »

NKorea’s economic zone remains under construction
U.S. News & World Report
This week, an international trade fair staged at the exhibition hall in the zone in North Korea’s far northeast offered foreign investors and visitors from China, Britain, Russia and elsewhere, as well as journalists from The Associated Press, a
See all stories on this topic »

Qatar buys 22 percent stake in China investment firm CITIC Capital
Reuters
It still holds $2.7 billion worth of shares of Agbank, China’s third-largest bank, according to Thomson Reuters data. “Not only will Qatar Holding provide us with an enlarged capital base to fund our business expansion and investments, its significant
See all stories on this topic »

China Cotton Demand Seen Falling 11% on Economy’s Harsh Winter
Bloomberg
Cotton for December delivery declined as much as 1.6 percent on ICE Futures U.S.. “The slowdown in China is due to overall industrial overcapacity accumulated in recent years,” said Lou Zhi, head of the trading department at Hunter Capital Ltd.,
See all stories on this topic »

Nexen deal sheds light on China’s oilsands strategy
Reuters
BEIJING/HONG KONG (Reuters) – CNOOC’s (0883.HK) planned $15 billion purchase of Canada’s Nexen (NXY.TO) will make the Chinese state energy giant the operator of a major oil sands project for the first time, giving Beijing the expertise to be able to
See all stories on this topic »

Death by China Seeks to Make China a Campaign Issue
U.S. News & World Report
Most documentaries gain acclaim and financial support by cycling through the film festival circuit. Author, economist, and policy wonk Peter Navarro is resisting this track, taking his film Death by China on a screening tour through Ohio towns, large
See all stories on this topic »

Breakingviews: China has no liquidity problem. That’s a problem
Reuters
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own). By Wayne Arnold. (Reuters Breakingviews) – Beijing has managed to keep credit and cash growing despite falling property prices, weak corporate profits and slowing
See all stories on this topic »

Dispute Over Islands Reflects Japanese Fear of China’s Rise
Pittsburgh Post Gazette
“We feel that they dragged us into an international incident,” said Masanori Tamashiro, one of the boat captains. That feeling is widely shared in Japan, where a small number of nationalists has pushed the country to assert itself more boldly to
See all stories on this topic »

China Telecom profit down 8.3 percent
NBCNews.com
BEIJING — China Telecom Ltd., one of the country’s three major state-owned phone carriers, said Wednesday its first-half profit fell 8.3 percent amid intense competition and high technology costs. The Beijing-based company Data: Latest rates in
See all stories on this topic »

Congress must reform immigration laws that send top STEM graduates to China
Christian Science Monitor
Many more of these patents, like Jonas Korlach’s, could lead to American companies and American jobs if Congress had the political courage and discipline to overhaul our immigration laws. Top graduates from China and India face backlogs of up to nine
See all stories on this topic »

Chinese solar industry faces weak sales, price war
The Associated Press
Another looming challenge: Moves by the United States and Europe toward imposing possible anti-dumping tariffs on Chinese-made solar panels that might further depress sales. Financial problems are likely to force painful changes in the Chinese industry
See all stories on this topic »

When the Chips Are Down: US Casinos Discover Macau’s Murky Side
TIME
The U.S. operators went into the gambling enclave on short 20-years-or-less gaming licenses with no guarantees of renewal. They are reliant on mainland-Chinese punters for business, which in turn puts casinos at the mercy of Beijing’s immigration
See all stories on this topic »

China Yuan Up Late on PBOC Guidance
Wall Street Journal
China’s yuan rose against the U.S. dollar late Wednesday, after the central bank guided it higher via its daily reference rate following a rebound in the euro overnight. On the over-the-counter market, the dollar was at CNY6.3518 around 0830 GMT, lower
See all stories on this topic »

The risk of USChina conflict
FT.com (blog)
The row between China and Japan over their disputed islands seems to have quietened down today. Still, the dispute is a nasty reminder of the potential for conflict between the two powers – and, also, of the risks that the US could get dragged in.
See all stories on this topic »

Chemical weapons ‘excuse for US to intervene in Syria’
BBC News
Chinese state media have accused US President Barack Obama of planning to use Syria’s chemical weapons as an excuse for intervening militarily. The state news agency, Xinhua, was responding to a warning from Mr Obama that Syria would be crossing a
See all stories on this topic »

Plants in China that produce US dog treats blamed for killing thousands of
Daily Mail
Four plants in China that produce treats for American-based companies refused to let FDA investigators take samples for analysis, a new report claims. The Food and Drug Administration has received thousands of complaints from pet owners saying the
See all stories on this topic »

China’s next top models bypass the catwalk for the Web
Reuters
Tian is one of 35000 models who pose for virtual storefronts on Alibaba Group’s Taobao, a consumer-to-consumer website similar to eBay where people can sell American board games, antique jade, and just about everything else imaginable.
See all stories on this topic »

Apple, Foxconn improve plants in China; more left to do: audit
Reuters
SAN FRANCISCO (Reuters) – Apple Inc and Foxconn have improved work and safety conditions at the Chinese factories that make most of the world’s iPads and iPhones, but the auditors they enlisted to monitor the process warned that the toughest tasks lay
See all stories on this topic »

China’s ZTE to log biggest three-month profit fall in 8 years
Reuters
HONG KONG (Reuters) – ZTE Corp, the world’s fourth-biggest mobile vendor and fifth-ranked telecoms gear maker, is set to report a near-90 percent slump in quarterly profit on Wednesday, squeezed by sluggish equipment sales and fierce competition in
See all stories on this topic »

Our Olympus Syndrome in Asia
Slate Magazine (blog)
In part, that’s because the US has found itself on the receiving end of a lot of warm feelings from China’s cowed neighbors, most of whom have some stake in this dispute and worry the US is the only thing preventing China from just taking what it wants
See all stories on this topic »

China worries over US rebalancing to Asia and Australia’s role.
Radio Australia
Mr Zhou says Australia’s foreign investment laws should be more open while its stance on the US deployment in the Asia Pacific could be better explained. In Sydney to mark 40 years of Australia-China relations, Mr Zhou spoke to Karon Snowdon who filed
See all stories on this topic »

Greenberg Traurig’s Global Trade & Investment Practice Launches ‘East-West
Sacramento Bee
21, 2012 — /PRNewswire/ — The international law firm Greenberg Traurig, LLP has launched East-West Trade Monitor, a blog addressing the key issues affecting ChinaU.S. trade, including the laws, treaties, policies and politics that shape an
See all stories on this topic »

Kass: Topping Out
Minyanville.com
First, an interesting and concerning contribution from the lynx-eyed Stephen Roach, which raises a number of issues regarding China — most notably, the possibility of a calamitous trade war as growth pressures on China and the US escalate. The United
See all stories on this topic »

Focus now turning to China in 2012 US presidential campaign
China Post
This year, however, things are different. Mitt Romney, the presumptive Republican nominee, has made China a major campaign issue, promising if elected to label China a currency manipulator on the first day of his presidency. Now he has picked as his
See all stories on this topic »

China’s ZTE logs biggest quarterly profit fall since 2006
Reuters
U.S. lawmakers want Treasury Secretary Timothy Geithner to also investigate ZTE, which could face steep fines and restrictions on its U.S. operations. Separately, the European Union is investigating whether ZTE benefited unfairly from Chinese
See all stories on this topic »

Egypt’s Islamist President to Visit US Next…
ABC News
U.S. officials recently pledged additional foreign aid to Egypt, a gesture toward maintaining close ties. The U.S. has been giving Egypt about $1 billion a year in military aid for more than three decades. China’s Foreign Ministry said Morsi would make
See all stories on this topic »

BHP Billiton: China Stimulus Is Coming And Commodities Will Rally
Forbes
BHP attributed the decreased earnings to “[w]eakness in commodity markets and industry wide cost pressure,” but though the natural resource giant sees further commodity weakness in the short-term, stimulus in China and a possible stabilization in U.S.
See all stories on this topic »

China Digital TV Announces Unaudited Second Quarter 2012 Results
CNBC.com
21, 2012 Highlights for the Second Quarter 2012 Net revenues in the second quarter of 2012 were US$23.5 million, representing a 5.0% decrease from the same period in 2011 and an 8.0% increase from the first quarter of 2012. China Digital TV shipped
See all stories on this topic »

Syria sidesteps sanctions by turning to China for Internet bandwidth
Ars Technica
Censorship and government monitoring aren’t the only problems facing Syrian Internet users. There have been frequent, recent shutdowns of all Internet traffic crossing the Syrian border over the last few months, accompanying dramatic changes in how the
See all stories on this topic »

Most U.S. Trade Agreement Improve Trade Balance, but Effect Overwhelmed by
Business Insider
Similarly, he says, the U.S. International Trade Commission predicted that normalizing trade relations with China would lead to a trade deficit of just $1 billion, when in fact it grew by 2011 to $295 billion! How have these trade agreements performed?
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: