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U.S. China News 2012.08.29

Wed, August 29, 2012

Commentary: It is unwise for US to contain China
Xinhua
by Wu Liming. BEIJING, Aug. 29 (Xinhua) — U.S. Secretary of State Hillary Clinton is set to make a rare trip to the Cook Islands on Thursday, starting a six-nation tour to the Asia-Pacific region. Why is Clinton going to pay a trip to a nation of just
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China dissident jailed on Yahoo info to be freed
Fox News
The American Internet company drew strong condemnation from U.S. lawmakers and rights advocates for cooperating with Chinese authorities in prosecuting dissidents and a well-known journalist. The company later apologized and settled a lawsuit with the
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China Neocons Are Back: The US Election
EconoMonitor (blog)
In the U.S. 2012 election, China’s continued growth, amidst U.S. and Eurozone debt crises, and the issue of fair trade policies, have raised concerns among U.S. policymakers. Both parties support the Obama administration’s 2011 strategic pivot toward
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Chinese military official meets US Pacific commander
Xinhua
28 (Xinhua) — A high-ranking Chinese military official met with U.S. Pacific Commander Adm. Samuel J. Locklear III in Hawaii on Tuesday, discussing ChinaU.S. military ties and other issues of common concern. Cai Yingting, deputy chief of the General
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GE Urges Open View of China
Wall Street Journal
Hong Kong—Top executives of General Electric Co., one of the world’s largest companies, are urging countries such as the U.S. and Australia to open their doors wide to Chinese investors to help boost financing for critical infrastructure needs. In an
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Air China first-half profit plunges 77 percent
NBCNews.com
Beijing-based Air China said late Tuesday that net income in the first six months of the year fell to 945 million yuan ($149 million) or 0.08 yuan (1.2 US cents) per share. That’s down sharply from 4.3 billion yuan or 0.33 yuan per share in 2011
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Ex-Motorola Worker Gets Four Years for Trade Secret Theft
Businessweek
Indicted in 2008, Jin was accused of simultaneously working for Motorola and for a Beijing-based company, Kai Sun News (Beijing) Technology Co., also known as SunKaisens, which was affiliated with China’s military. U.S. Customs agents stopped her as
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Soybeans Rise on China Demand for Reduced US Crop; Corn Drops
Businessweek
Soybeans rose for the second time in three sessions on increased U.S. export sales to China, the world’s biggest buyer and consumer of the oilseed. Corn declined. China bought 110,000 metric tons for delivery after Sept. 1, the U.S. Department of
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China AgBank second quarter profit disappoints as loan margins shrink
Reuters
HONG KONG (Reuters) – Agricultural Bank of China (1288.HK), the country’s No.3 lender, posted a second-quarter profit that missed analyst expectations as a liberalization of interest rates in the country made loans less profitable by pushing up the
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US Companies Getting More Requests for SEA Postings
Wall Street Journal (blog)
But as growth slows in the two countries that drew much of the attention in Asia in recent years – China and India – a new survey shows that now U.S. companies are getting an increasing number of requests from around the world for transfers to this
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Breakingviews: Old grudges don’t change Sino-Japan potential
Reuters
Cooler heads should prevail. After Chinese cities staged anti-Japan riots in 2005, bilateral trade in U.S. dollar terms grew 12 percent, and the number of Japanese tourists in China increased too. Despite suspicions that China sometimes encourages
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China Widens Renewables Lead Over US in Ernst & Young Ranking
Businessweek
China widened its lead over the U.S. in a renewable energy ranking compiled by consultant Ernst & Young that gauges the attractiveness to investors of wind and solar power projects in those countries. The U.S., weighed down by “uncertainty over the
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Ford eyes China’s wealthy drivers with coastal plant
Reuters
HANGZHOU, China Aug 29 (Reuters) – Ford Motor Co and its Chinese partner will begin building its first factory on China’s coast, where the U.S. automaker can easily access the country’s growing number of affluent buyers. The $760 million factory is one
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Dalai Lama sees “encouraging signs” of shift in China
Reuters
DHARAMSALA, India (Reuters) – There are encouraging signs that attitudes towards Tibet are shifting in China, the Dalai Lama said on Wednesday, adding that the exiled Tibetan leadership is ready for fresh talks on his homeland if there was a genuine
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Lincoln, Cadillac Bet on US Revival — And China Up Sleeve
Forbes
It’s been so long since Cadillac and Lincoln were luxury-market leaders in the United States that it strains credulity to think they could become really relevant again to segment leadership. But each brand these days is beating the drums about its
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China defense chief plans rare India trip, to discuss border
Reuters
NEW DELHI (Reuters) – China’s defense minister is due to visit India next week to seek deeper military ties, in a rare trip seen as a sign Beijing wants to stabilize its heavily fortified Himalayan border as it deals with growing friction in the South
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China Is Buying US Companies at Record Pace
Knowledge Wharton Today
Chinese companies are buying up U.S. companies and other assets at a record pace in 2012. The country is spending some of its huge dollar holdings before they depreciate, while acquiring — in addition to hard assets in the U.S. — the market share,
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‘Somewhere Between’ is a documentary about Chinese girls adopted by US
Examiner.com
“I don’t think I could ever consider myself fully Chinese or American,” said Chinese adoptee Jenna Cook. “No matter where I am in my life, I’m always going to be sort of somewhere between.” “Somewhere Between” is a documentary that follows four adopted
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Official: China’s growth stabilizing at slow pace
U.S. News & World Report
Forecasters expect growth to rebound late this year or in early 2013 but say a recovery will be too weak to drive global growth without improvement in the United States and Europe. Unusually weak data from July and August have fed worries China’s
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Apple/Samsung dispute not yet made it to China: Xinhua
Reuters
Apple, whose second-largest market is China, scored a legal victory over Samsung last week when a U.S. jury found the South Korean company had copied critical features of the iPad and iPhone and awarded the U.S. group $1.05 billion damages.
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Exclusive: China’s fraud-hit Suntech strikes more trouble in Italy
Reuters
BRINDISI, Italy (Reuters) – An Italian court has filed criminal charges against an investment fund controlled by China’s Suntech Power Holdings, the world’s largest maker of solar panels, accusing it of illegally building solar farms to milk state
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Who’s afraid of China and India?
Washington Post (blog)
I like the latest big report to clog my printer — a 101-page work titled “The Competition that Really Matters: Comparing U.S., Chinese, and Indian Investments in the Next Generation Workforce.” The researchers at the Center for American Progress and
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China, US must work together
China Daily
The US, on its part, should stop provoking and inciting China’s neighbors, because Beijing is highly sensitive and suspicious of its intentions in this regard. No country can “contain” or put down another, especially China, which according to all
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China to Lead US Into Bear Market: Traders
CNBC.com
“If you look at Australia, they’re so exposed to that commodity super-cycle coming out of China that once that stops, which it appears that it is, they’ve got some oversized banks there,” he said. “Their top four banks are five times the size of the U
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Coolpad: We Can Build Better Budget Phones
PC Magazine
MetroPCS today announced the Coolpad Quattro 4G, the first U.S. smartphone from Chinese firm Yulong Coolpad. The Quattro 4G is $99 without a contract, but Coolpad says it can offer a better build quality and better radio performance at $99 than its
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China’s buildup: Don’t believe the hype
Philadelphia Inquirer
Second, the smart way to cap or slow Chinese nuclear modernization would be to abandon the futile pursuit of strategic missile defenses and bring China into the negotiating framework that eventually reduced U.S. and Russian arsenals. And remember: Once
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‘Strong ties with US, Russia key to handle China
TwoCircles.net
New Delhi : Robust ties with powers such as the US and Russia are key to how India handles its relations with China in the coming years, former foreign secretary Shyam Saran said Wednesday, even as he favoured a strategy beneficial to both Asian giants.
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US and China, Fiji and women’s rights on Pac Forum agenda
ABC Online
The arrival of US secretary of state Hillary Clinton at the post-forum meetings of this week’s Pacific Islands Forum will put a focus on what’s seen as a competitive diplomatic tussle by the United States and China for influence in the Asia-Pacific region.
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Top Chinese official flees to US with millions
Hindustan Times
A top official of the Communist Party of China (CPC) fled to the United States with millions of Yuan, it has emerged after net users posted the information of his escape on Chinese social networking sites earlier this week. State-media subsequently was
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Joy Global Cuts 2012 Forecast as Mining Expenditure Declines
Businessweek
Joy Global Inc., the world’s fourth- largest mining equipment maker, cut its full-year profit and sales forecasts and said revenue may not increase next year as commodity demand slowed in the U.S. and China. Earnings excluding restructuring costs will
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China is Fastest-Growing Android and iOS Market [REPORT]
Mashable
Although the U.S. tops the list of countries with the highest number of active iOS and Android devices, China is “dramatically closing the gap,” according to the report. In July, the U.S. had 165 million active users, whereas China had 128 million. But
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Republicans Debate How Much To Cut Education While China And India Invest
ThinkProgress
A new report shows that other nations like China and India have out-invested the U.S. in their education systems as strategies to become more competitive internationally. While U.S. 15-year-old students rank 14th in reading, 17th in science and 25th in
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NEWSMAKER-Australian tycoon turns to China for Titanic dream
Reuters
Australian tycoon says to build Titanic II in China. * Dreams of cruising into New York with naval escorts from China, U.S., Britain. By James Regan. COOLUM, Australia, Aug 29 (Reuters) – Australian mining magnate Clive Palmer has a vision of the
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ResearchMoz.us: China Carbon Black Industry 2012 Deep Research Report
The Herald | HeraldOnline.com
ResearchMoz.us: China Carbon Black Industry 2012 Deep Research Report – Market Research Report. Published: August 29, 2012. 2012-08-29T10:57:14Z. ResearchMoz. Tweet · 0 Comments E-mail Print. Advertisement
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Culturally Sensitive Hollywood Doesn’t Want to Hurt the Feelings of the
Business Insider
Guy Aoki, founding president of Media Action Network for Asian Americans, an organization that monitors how Asian Americans are portrayed in US movies, TV and the media, said movie roles are actually being altered to avoid provoking or angering Chinese
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RPT-Clinton set to take US Asia push to South Pacific
Reuters
Stops to include Indonesia, Brunei, China. * Talks likely on South China Seas flashpoint. By Andrew Quinn. WASHINGTON, Aug 29 (Reuters) – U.S. Secretary of State Hillary Clinton will venture to the South Pacific this week as she takes Washington’s bid
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Soybeans Rise on China Demand for Reduced US Crop; Corn Drops
Bloomberg
China continues to buy U.S. soybeans,” Gregg Hunt, a market analyst and broker at Archer Financial Services Inc. in Chicago, said in a telephone interview. “For China, it’s pay up or do without. Prices will keep climbing until demand slows.” Soybean
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Invest in What China Needs to Buy
Gold Seek
What does the machinery of history tell us about the likely future of the Western world as measured against the newly industrializing economies, including China, India and Brazil? Don Coxe: For the first 17 centuries of the so-called Christian Era
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Yingli Green posts 2Q loss, cuts shipment outlook
CNBC.com
Aside from the wrenching pricing war afoot in the Chinese solar industry, Yingli faces possible anti-dumping tariffs in the U.S. and Europe. The Commerce Department issued a preliminary ruling in May that Chinese producers sold solar cells and panels
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US Stocks Seesaw Near Unchanged Levels
Wall Street Journal
Asian markets were mixed, with China’s Shanghai Composite falling 1% to close at a fresh 3 1/2-year low, and Japan’s Nikkei Stock Average rising 0.4%. China’s Xinhua News Agency reported that China’s top economic planner said a rebound in housing
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As Long As China Doesn’t Overtake US in Innovation, We’re Good – Right?
MetalMiner
But — much like China’s recent GDP growth and future projections — the US‘ “rate of improvement is lower than that of the two innovation leaders, explaining the country’s relative slippage in the rankings.” “In a series of indicators, the USA has
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