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U.S. China News 2012.08.28

Tue, August 28, 2012

Looper bridges the cinematic gap between China and the US
The Guardian (blog)
The time-travel feature Looper, directed by Rian Johnson, will be their first attempt at simultaneously piquing the palates of US and Chinese audiences. The script was rewritten when DMG came on board, offering both finance (reportedly 40% of its $60m
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Ford readies Lincoln launch in China by 2014
Chicago Tribune
BEIJING (Reuters) – Ford Motor Co will launch its Lincoln brand in China within two years as it races to catch up with rivals in the world’s largest auto market and home to a growing number of luxury buyers. The additional investment to launch Lincoln
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Markets stall as traders await US Fed chief speech
Seattle Post Intelligencer
Investors are looking for confirmation that central banks in the U.S. and China will provide more economic stimulus and that the European Central Bank will intervene in bond markets to lower some countries’ high borrowing costs. Federal Reserve
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Chinese Companies Are Leaving U.S. Markets
San Francisco Chronicle
It looks like the Chinese invasion is over. A few years ago, anything China was white-hot as investors and journalists endlessly pushed variations on the “China is the superpower of the 21st century, so you must get in today” theme. But as seems to
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U.S. Losing College Grad Share to China, India: Chart of the Day
Bloomberg
China and India, which have larger populations of college graduates than the U.S., also have educational attainment that’s outstripping the world’s largest economy, meaning more people are reaching higher levels of schooling, according to an analysis
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China’s ZTE not worried about Apple, patent litigation
Reuters
HONG KONG (Reuters) – China’s ZTE Corp, the world’s fourth-biggest mobile phone vendor, is unfazed by the possibility of being sued by Apple Inc over patent violations, and is looking to boost its own patents and find unique designs and features for
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Hot hog sales raise specter of inflation in China
Chicago Tribune
SINGAPORE (Reuters) – Pigs are an unlikely barometer of inflationary pressure, but in China the country’s declining herds are a matter of concern amid fears that a spike in pork sales could drive consumer prices higher next year. Faced with sluggish
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In China, Hollywood blockbusters face off on same days
Los Angeles Times
But the state-owned China Film Group, which oversees the release of imported movies, has been scheduling U.S. films from the same genres on the same dates, aiming to limit their total grosses and boost the percentage of box office generated by
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Special Report: China’s “wild east” drug store
Chicago Tribune
Related; Special Report: China’s “wild east” drug store · Scientist Jian Li looks at results of a mass spectrometer test at the U.S. Food and Drug Administration (FDA) in Silver Spring · Scientist Taylor Moot dispenses organic solvent at the U.S. Food
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Nikkei hits 2-week closing low on China outlook fears
Reuters
TOKYO (Reuters) – The Nikkei average fell to a two-week closing low on Tuesday as some investors made bearish bets after a recent strong run and as concerns over China’s economic growth outweighed expectations the U.S. Federal Reserve will soon
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Business Roundtable’s Engler Questions Romney China Trade Vow
Businessweek
The president of an association of chief executives of major U.S. companies said he doubts Republican presidential candidate Mitt Romney will follow through on his threat to brand China a currency manipulator on his first day in the White House. John
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Blind Chinese activist says likely to visit China rival Taiwan
Reuters
BEIJING (Reuters) – Blind Chinese legal activist Chen Guangcheng, whose escape from house arrest sparked a diplomatic crisis between Beijing and Washington, said on Tuesday he will “most likely” accept an invitation to visit Taiwan, a move likely to
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Taiwanese Man Charged in Chinese Birthing Scheme
ABC News
A Taiwanese citizen who lives in Saipan was charged in a scheme to hide pregnant Chinese tourists so they could give birth in a U.S. territory, making their children American citizens, according to a federal complaint filed Monday. The complaint
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The Cable: Chinese media slams Romney as convention begins
Foreign Policy (blog)
“By any standard, the U.S. Republican presidential candidate Mitt Romney’s China policy, as outlined on his official campaign website, is an outdated manifestation of a Cold War mentality,” read a commentary in Monday’s China Daily. “It endorses the
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The phone maker that’s killing Apple in China arrives in the US
GigaOM
You have probably never heard of Yulong or its Coolpad brand, but in China its a top 3 smartphone maker beating out even the iPhone in device sales. On Tuesday Coolpad arrived in the US on the MetroPCS LTE network with its first budget smartphone.
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China Overtaking US Economy – Good or Bad for US Business?
MetalMiner
Basically, Authers argues, the US should be looking forward to China overtaking the United States in terms of GDP by 2017, because much of US business depends on China’s economic health. (Hopefully my arugula, beets and feta were not sourced in China
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Japan cuts economic assessment as global slowdown bites
Reuters
Deceleration in the United States and China, on top of Europe’s debt crisis, caused the downgrade, the government said on Tuesday, warning that further global slowdown and sharp market swings posed risks to the world’s third-largest economy. The first
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Breakingviews: The what, when and Hu of China’s big changeover
Reuters
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own). By John Foley. (Reuters Breakingviews) – China’s once-in-a-decade political changeover is almost here. Unlike the U.S. presidential race, there won’t be televised
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Sands China Sees Macau Pick Up, Says No Illegal Activity
Bloomberg
Sands China Ltd. (1928), the Asian unit of Sheldon Adelson’s U.S. casino operator, expects growth to pick up next year in Macau and said it has followed regulations in its home territory and Las Vegas. More hotel rooms and transportation to Macau will
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Superyacht-Maker Ferretti Plans China Plant on Rising Wealth
Businessweek (blog)
The new ownership “will give us unbelievable access to emerging markets such as China, where the potential is the highest in the world,” Ferretti chief executive officer Ferruccio Rossi said in Beijing. The company will also continue to focus on Europe
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CHART: The U.S. And China Are the Largest Smartphone Markets By A Long Shot
Business Insider
The U.S. and China have more than four times as many Android and iOS devices as the third largest smartphone market, according to mobile analytics company Flurry. Shipments of Chinese smartphones, especially, have grown enormously over the past
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US official: China has made progress with currency
Boston.com
Lael Brainard, the Treasury Department’s undersecretary for international affairs, praised China’s recent efforts to allow the yuan to rise and fall by a slightly wider margin against the dollar in daily trading. But Brainard says China must ”go
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Chinese banks step up lending in the US
Financial Times
China’s top banks are stepping up their lending activities in the US as large US companies diversify their funding sources and seek to penetrate more deeply into the world’s second-largest economy. Chinese banks’ share of US syndicated lending has
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Maritime Row with China Forces Philippines to Upgrade Defenses
Global Voices Online
The Aquino administration only wants this ratified because of the country’s dispute with China over the West Philippine Sea. Although the agreement is not a defense pact, its symbolism cannot be lost on China. Let us not grab at straws. We must persevere.
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Forex Losses, High Fuel Costs Hit Air China’s Profit
Wall Street Journal
Air China said Tuesday its net profit for the six months ended June 30 was 944.5 million yuan (US$148.6 million), down from 4.06 billion yuan a year earlier. The Chinese flag carrier recorded a foreign-exchange loss of 341 million yuan in the first
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China to Lend Egypt $200 Million as Leaders Meet in Beijing
Businessweek
China promised a $200 million loan to Egypt and the two sides signed deals in agriculture, the environment and telecommunications as Egyptian President Mohamed Mursi sought to boost ties in a trip to Beijing. China Development Bank pledged the credit
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Ford readies Lincoln launch in China by 2014
Reuters
The U.S. automaker, which joins several other companies looking to expand or launch luxury auto brands in China, is building its dealership network from scratch and will begin selling Lincoln vehicles in the second half of 2014. “The brand in China
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Romney Clashes With Business Over China Trade: BGOV Insight
Bloomberg
Mitt Romney says the U.S. must be willing to say “no more” to its rocky trade relationship with China. If elected president, he vows to brand China a currency manipulator on his first day in office. He also says he’ll place extra tariffs on Chinese
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IMAX Finds China
Forbes
Moviemakers aren’t the only ones vying for a piece of China’s booming film market. Imax has burst into China with its huge screens, going from 22 theaters in 2009 to 240 open or planned today. The mainland is now Imax’s biggest market after the U.S
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US Open 2012: Heather Watson beaten by China’s Li Na after rain interrupts
Telegraph.co.uk
US Open 2012: Heather Watson beaten by China’s Li Na after rain interrupts play for 2½ hours. Heather Watson’s US Open campaign came to an end on the first afternoon at Flushing Meadows as she was beaten 6-2 6-3 by ninth seed Li Na. Heather Watson
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Hot hog sales raise specter of inflation in China
Reuters
Faced with sluggish domestic demand and the record cost of fattening animals – due to a steep rise in the price of corn and soybeans as a drought grips top exporter the United StatesChina’s hog producers are being forced to sell their herds. China’s
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Airbus wins $7 bln Philippine Air order despite US lobbying
Reuters
MANILA/PARIS, Aug 28 (Reuters) – Airbus won a $7 billion order to help more than triple Philippine Airlines Inc’s fleet, beating Boeing Co to a deal despite U.S. support for Manila in a diplomatic dispute with China. The flag carrier plans to buy up to
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Mass consumption in China
FCW.com (blog)
I don’t suspect any of these products are actually made in the US (the packages were pretty much entirely in Chinese, and I don’t know if there are country of origin labels; I would guess a lot of these items were made in China, Thailand, or Malaysia).
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China Energy Giants Step Up Acquisitions Overseas
LoanSafe
Cnooc, China’s biggest offshore oil and natural-gas extractor with no refining operations, has proposed the nation’s biggest overseas acquisition, offering $15.1 billion for Canada’s Nexen Inc. Canadian and US regulators are reviewing the takeover.
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Ford to sell luxury Lincoln brand in China
Businessweek
BEIJING (AP) — Ford Motor Co., eager to grab a piece of China’s growing luxury market, plans to start selling its Lincoln luxury brand here in 2014. It will be the first time that the nearly 100-year-old brand will be sold in China. At an event at a
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China’s ZTE not worried about Apple, patent litigation
Reuters
“We’ve also been working hard on the patents front as this will help protect us (from lawsuits),” Luo said on the sidelines of an event in Hong Kong to launch its Grand X model – its first 4G LTE (long term evolution) phone – with China Mobile .
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China fuels growth with coal; we should, too
Daily Mail – Charleston
China has 1.3 billion people, hundreds of millions of them of child-bearing age. The United States has 314 million people. China has more than 100 cities with 1 million or more residents. The United States has nine. In 20 years, China is expected to
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