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U.S. China News 2012.09.03

Mon, September 3, 2012

US And China Soften the Rhetoric
Voice of America (blog)
China and the United States are dialing down their rhetorical broadsides over greater U.S. military and economic influence in Asia ahead of Secretary of State Hillary Clinton’s visit to Beijing Tuesday. Secretary of State Hillary Clinton and Chinese
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Copper up on stimulus prospects after gloomy China data
Reuters
LONDON (Reuters) – Copper hit a one-week high on Monday as weak factory data from China, worries over U.S. jobs growth and Europe’s debt crisis strengthened expectations that central banks and policy makers in the three regions will take action to
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China ex-minister says foreign auto JV policy “like opium”: report
Reuters
(Reuters) – China’s policy of requiring all foreign car makers to form local joint ventures is “like opium” for Chinese firms and is failing to foster world-class indigenous automakers, a former minister was quoted as saying. China eclipsed the United
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Tiny Pacific nations cash in on USChina aid rivalry
Chicago Tribune
CANBERRA (Reuters) – Small South Pacific island nations are cashing in on new aid rivalry between China and the United States as both powers vie to boost their influence in a vast region of mostly micro-nations. The recent visit to the tiny Cook
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Wargaming A USChina War
Kotaku
Wargaming A U.S.China War As if the U.S. and China don’t have enough problems, now they’re eyeing each other like two high school jocks competing to be Big Alpha Male on Campus. Oh, they’re not exactly enemies. Actually, they’re kind of friendly with
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China manufacturing weakens, services grow
U.S. News & World Report
By JOE McDONALD, Associated Press. BEIJING (AP) — China’s manufacturing decelerated further in August while construction and services grew at a slow rate, according to two surveys Monday, adding to conflicting signals about whether the country’s
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Markets buoyed by China stimulus hopes
U.S. News & World Report
By PAN PYLAS, Associated Press. LONDON (AP) — Markets started yet another potentially crucial week on a solid note as investors betted on more central bank action and that China would enact more stimulus measures following a dispiriting manufacturing
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US blocks China request in WTO solar dispute
MarketWatch
WASHINGTON–The U.S. blocked China’s request Friday for the World Trade Organization to set up a panel to resolve a countervailing duty dispute, likely providing only a temporary respite in a high-profile case involving tariffs on Chinese solar panels
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EMERGING MARKETS-Latam stocks flat after weak PMIs, volume thin
Reuters
PMI data in China, euro zone show manufacturing still weak * U.S. holiday keeps trading thin * Brazil Bovespa flat, Mexico IPC up 0.62 pct By Asher Levine and Danielle Assalve SAO PAULO, Sept 3 (Reuters) – Latin American stocks were little changed on
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The ‘Silly Season’ of Chinese Politics
The Atlantic
In his August 29thcommentary “It is unwise for U.S. to contain China,” Xinhua writer Wu Liming writes: the “core of the U.S. strategy is to defend its dominance and hegemony in the Asia Pacific region”; Washington has “resorted to diplomatic, economic
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Euro slips, Aussie dollar hit by China data
Reuters
“The AUD gapped lower this morning on the weak (Chinese) data. It has not fallen further due to renewed U.S. QE3 expectations after Friday’s speech,” said Annette Beacher, head of Asia-Pacific research at TDSecurities. Fed Chairman Ben Bernanke on
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Clinton to urge ASEAN unity on South China Sea
U.S. News & World Report
BRISBANE, Australia (AP) — U.S. Secretary of State Hillary Rodham Clinton is calling for Southeast Asian states to present a united front to the Chinese in dealing with territorial disputes in the South China Sea. Clinton will be in Indonesia’s
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Clinton urges Asean unity over South China Sea rows
BBC News
US Secretary of State Hillary Clinton has urged South East Asian nations to work together to resolve territorial disputes in the South China Sea. Speaking in Indonesia during her tour of the region, Mrs Clinton said the Asean bloc and China must make
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Cargill Sees China ‘Mega-Trend’ of Rising Meat, Milk Demand
Businessweek
Meat consumption in China, the world’s largest, will continue to expand even as the economy slows, sustaining demand for feeds made from corn and soybeans, according to Cargill Inc., the biggest U.S. agricultural company. “We are looking at a mega
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FOREX-Euro steadies; Aussie hit by weak China, domestic data
Reuters
China manufacturing data disappoints. * Aussie at 6-week low after weak data. By Hideyuki Sano. TOKYO, Sept 3 (Reuters) – The euro steadied against the dollar on Monday, drawing support from hopes the U.S. Federal Reserve and the European Central
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Oil steady near $115 despite weak Chinese data
Reuters
China’s factory sector contracts further in August. * U.S. jobs data, ECB meeting outcome keenly awaited. * Investors hope for economic stimulus, monetary easing. * Norwegian oil workers’ strike averted by pay deal (Updates prices, graphics; paragraph
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China’s top paper says Syria ‘safe zone’ would not work
Orlando Sentinel
U.S. National Security Advisor Tom Donilon (2nd-L), talks to Chinese State Councilor Dai Bingguo (2nd-R), during their meeting at the Diaoyutai State Guesthouse on July 24, 2012 in Beijing, China. The two are expected to discuss a range of
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Chalco drops $926 million bid for Mongolian coal miner
Reuters
The government has also suspended a plan by an international consortium involving China Shenhua Energy (1088.HK) and U.S.-based Peabody (BTU.N) to develop Mongolia’s giant Tavan Tolgoi coal mine. Chalco and Turquoise Hill Resources Ltd (TRQ.
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China Presents Big Opportunity For Hollywood
Seeking Alpha
The warp-speed growth has boosted China to become the second largest film market after the U.S.. (click to enlarge). Meanwhile, revenues from ticket sales in the U.S. and Canada is on the decline. According to the Motion Picture Association of America
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Clinton Seeks Unified Asean Front to Ease China Disputes
Businessweek
The criticism underscores strains between China and the U.S. over rules to promote peaceful maritime trade in an area rich in oil and natural gas as the Obama administration increases its attention to the region. The U.S. needs to prove it is returning
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China Sunergy planning production in Europe and US
PV-Tech
China Sunergy reported a loss of US$30.3 million, a negative margin of 27.4% on revenue of US$110.4 million, up 61.2% over the first quarter of 2012 on increased demand from key markets, Germany and Italy. Shipments for the second quarter were
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How China’s Approach Beats the West’s in Africa
blogs.hbr.org (blog)
Given the ability to deliver projects on time and on budget, the Chinese offer Africa’s governments and people a clean-cut deal: If you work with us, we will build it — period. No ifs, ands, or buts. Given that Africa’s economic growth has long been
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Don’t Bet on the End of China’s Growth Miracle
Businessweek
That’s set alarm bells ringing about the fate of the China miracle. Will the most successful and rapid decline in global poverty in the history of humanity shudder to a halt? Will the Asian Century be postponed, leaving the U.S., against the odds, as
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Clinton to press for ASEAN unity in South China Sea disputes with Chinese
Washington Post
BRISBANE, Australia — U.S. Secretary of State Hillary Rodham Clinton called Monday for Southeast Asian states to present a united front to the Chinese in dealing with territorial disputes in the South China Sea. And she called for those countries and
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China in focus in US election campaigns
News24
Aravua – US Secretary of State Hillary Clinton is missing the Democratic Party convention to build ties in Asia as the US relationship with China increasingly encroaches on politics back home. Clinton, the most travelled Secretary of State in US
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European Stocks Climb as Data Fuels China Stimulus Speculation
San Francisco Chronicle
3 (Bloomberg) — European stocks rose for a second day, led by basic-resources companies, as an unexpected decline in Chinese manufacturing boosted speculation the government will announce further stimulus. U.S. index futures and Asian shares were
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Jihadist Shift Seen in Pakistan _ Fewer Arabs
ABC News
In the Pakistani tribal regions that harbor al-Qaida and a cauldron of other jihadist groups, militants from Central Asia, China, Turkey and even Germany are growing in number, eclipsing Arabs and possibly raising new challenges not just for the U.S
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US job growth in August likely slower
MarketWatch
China factory index slumps to 41-month low: HSBC. Chinese manufacturing activity deteriorates, new data show, with some analysts wondering whether Beijing is dropping the ball in delaying the rollout of policies to counter the slump. See full story.
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China’s Baidu looks to the cloud to tap mobile Internet as rivals rise
Network World
Chinese search giant Baidu on Monday said it would invest more than US$1.6 billion to build a new cloud computing center, as the company declared the mobile Internet as a major focus of its next phase of growth. “In our next step, we must flex our
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China’s Stocks Rise for First Time in Four Days on Stimulus Bets
Businessweek
Chinese shares rose for the first time in four days after the first contraction in manufacturing in nine months spurred speculation the government will introduce more stimulus measures. China Vanke Co. (000002), the nation’s largest developer by market
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METALS-Copper up on economic stimulus hopes after gloomy China data
Reuters
Burton and Carrie Ho SINGAPORE, Sept 3 (Reuters) – London copper hit a one week high on Monday on hopes that central banks around the world will step in to fuel economic growth after concerns about the U.S. jobs sector and gloomy China factory data
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Nikkei slips to 4-week low on China growth concerns
Reuters
By Dominic Lau TOKYO, Sept 3 (Reuters) – Japan’s Nikkei average fell to a four-week low on Monday on concerns over a sharp slowdown in China, although comments from U.S. Federal Reserve Chairman Ben Bernanke that the Fed was prepared to boost
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Clinton Urging ASEAN Unity on South China Sea Plan
Voice of America (blog)
U.S. Secretary of State Hillary Clinton travels to Indonesia Monday, where she will show support for a regional plan to resolve territorial disputes with China over the South China Sea. An official traveling with the secretary says she wants to see
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Brent edges lower after China data; stays above $114
CNBC.com
“The data was confirmation of the weakness in the Chinese economy, and there was a little correction after the surge on Friday,” said Yusuke Seta, a Tokyo-based broker at Newedge. “We are now waiting for the ECB meeting and U.S. jobs data.
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A diamond jubilee for The China Post
China Post
Yes, all of us at The China Post, including its founders Y. P. Huang and Mrs. Nancy Yu Huang and their son Jack Huang, who is its current president and publisher, deserve President Ma’s accolade. When it was inaugurated, The China Post published a
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Summer hits go head-to-head in China
Columbus Dispatch
The China Film Group, a state-owned agency that 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 revenue generated
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Clinton to seek China sea unity in Indonesia [Times of Oman]
Equities.com
Indonesia: US Secretary of State Hillary Clinton headed Monday to Indonesia in hopes of encouraging unity among Southeast Asian nations to manage increasingly tense disputes with China. Clinton s last trip to the region in July was marred by the
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Smartphone penetration in India low, China leads: IDC
CIOL
According to a research done by market research firm, IDC, China, U.S., India, Brazil and the United Kingdom are the Top 5 markets for smartphone shipments. Though the smartphone penetration in India currently among the lowest in Asia/Pacific, the
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China Could Deliver Ohio to Romney
Forbes
Moreover, Chinese leaders have publicly admitted they do so to gain a trade advantage. Take Premier Wen Jiabao, the official in charge of the Chinese economy. “If as some American congressmen have demanded, the renminbi were to appreciate by 20 to
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Opportunities in China will outweigh concerns
Pensions & Investments
Yet, exposure to China equities by U.S. mutual funds stands at only $100 billion as of June 30, as estimated by EFPR Global. This represents just 0.0008% of the estimated $12 trillion in U.S. mutual fund assets and a mere 0.016% of the $6.1 trillion
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