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U.S. China News 2012.09.05

Wed, September 5, 2012

China, US divided over Syria, sea dispute, but vow goodwill
Reuters
BEIJING (Reuters) – China and the United States were divided on Wednesday over how to end the bloodshed in Syria and defuse tension in the South China Sea and other global troublespots, but stressed hope for steady ties as they navigate political
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China Speeding U.S. Solar-Dumping Case as Election Nears: Energy
Bloomberg
China is accelerating a dispute with the U.S. over solar-energy taxes, moving forward its next salvo to hit as President Barack Obama faces re-election. China’s Ministry of Commerce will make preliminary findings as early as November, eight months
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Wanda of China set to buy more US entertainment assets
Los Angeles Times
Wanda, which owns shopping centers, luxury hotels and department stores and cinemas in China, is also exploring partnerships with U.S. production companies to finance ChinaU.S. co-productions, Wang said. SPECIAL REPORT: Reel China — coverage of
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China to try ex-police chief at heart of murder scandal
Reuters
BEIJING (Reuters) – China will put the ex-police chief at the heart of its biggest political scandal in decades on trial for crimes including defection, illegal surveillance and taking bribes, state media said on Wednesday, opening a new phase in a
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World Stocks Down as US Manufacturing Disappoints
ABC News
Weaker-than-expected U.S. manufacturing figures, just days after China announced its own production slowdown, sent world stock markets down Wednesday. A measure of U.S. manufacturing activity ticked down from 49.8 in July to 49.6 in August, according
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US Stocks Advance, Bolstered by Central Bank Hopes
Wall Street Journal
FedEx is seen as a bellwether because of its role in transporting goods around the world, and came as investors digested weak manufacturing reports from China and the U.S.. On Wednesday, Europe added to the gloom, after Markit’s composite purchasing
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Tensions simmering between US, China over uninhabited islands’ ownership
Washington Post (blog)
Japan’s move to buy several nearby uninhabited islands Wednesday was intended to maintain relative peace with China, which also claims ownership of the islands. But the decision is likely to inflame China-Japan relations further, as disputes between
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Samsung reviews labor practices in China
USA TODAY
Updated. Comments. SEOUL, South Korea – Samsung on Wednesday acknowledged poor working conditions at eight factories in China after a U.S.-based labor group said investigators found widespread abuses. According to a US-based watchdog group,
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China Auto Sales Slow, Will Still Pass US-Japan-Germany
Businessweek
Three years ago, China passed the U.S. as the world’s biggest car market. By 2015, it will likely exceed the U.S., Japan and Germany combined — and that takes into account the current economic slowdown. While sales growth has stalled the past two
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Disputed islands in the East China Sea have been a flashpoint between several
Reuters
TOKYO (Reuters) – Japan has agreed to buy disputed East China Sea islets, claimed by both Tokyo and Beijing, from their private Japanese owners, Japanese media said on Wednesday, a move likely to fuel tensions between Asia’s two largest economies.
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China, US praise cooperation despite underlying strains
CNBC.com
BEIJING (Reuters) – China and the United States avoided public sniping over maritime tensions on Wednesday, neither yielding ground over South China Sea disputes while nonetheless stressing cooperation as they both focus on political transitions.
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Chinese Men Charged, Trying to Buy US Trade Secrets
Voice of America
Two Chinese nationals have been charged in the U.S. with trying to steal trade secrets from an American manufacturer of insulation so they could start a competing plant in China. Ji Li Huang and Xiao Guang Qi appeared in a federal court in (the
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Wave of US students studying in China
San Jose Mercury News
U.S. students are increasingly aware of the need to obtain more practical skills, foreign language skills and cultural experiences that … help them be more competitive for their careers. China provides the perfect opportunity for that,” said Rajika
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GM turns to China to crack India’s tough car market
Reuters
Boneham told Reuters. “Figo was a game-changer for us.” That is GM’s hope for the Sail, China’s biggest selling car in June, and offered with both petrol and diesel engines. GM sold 111,510 cars in India in 2011, less than a third of its total
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Exclusive: “Cheated” China firm urges Beijing not to push investment in North
Reuters
BEIJING (Reuters) – China should not be encouraging its companies to invest in reclusive neighbor North Korea because it still lacks the conditions to protect foreign investors, a senior official with a major Chinese investor there said on Wednesday.
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Lincoln in China: Will it Help Ford?
NBCNews.com
It is looking for a bright spot in China. They reported that China would be the first major market for Lincoln outside the US. Within two years it is going to launch vehicles from its Lincoln brands. However, the second largest US automaker would have
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No Sympathy: the China Short Seller Brawl Heats Up
Business Insider
As an American, I usually approach a fight with the expectation of labeling one party the “good guy” and the other the “bad guy.” Sure, a black-and-white world view is somewhat unrealistic and limiting, but if it was good enough for George Bush and
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China skeptical of US neutrality in Asia
USA TODAY
BEIJING – China on Tuesday pressed the United States to keep out of its dispute with Asian neighbors over who controls the vast South China Sea, as Secretary of State Hillary Rodham Clinton arrived here as part of a tour of the region. U.S. Secretary
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Russia, US, China Clocked Similar Times Between Space ‘Firsts’
Space.com
PARIS — Russia, the United States and China took remarkably similar amounts of time — between 11.5 and 13.6 years — from their first launches of animals to when their astronauts first docked with habitable unmanned modules, according to the Secure
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ChinaUS talks fail to narrow gaps
The Press Association
Talks between US secretary of state Hillary Clinton and Chinese leaders have failed to narrow gaps on how to end the crisis in Syria and resolve Beijing’s territorial disputes with its smaller neighbours over the South China Sea. Mrs Clinton, who met
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China’s Dirt Cheap, But Hedge Fund Manager Doug Kass Wonders If US Stocks
Barron’s (blog)
By Reshma Kapadia. The latest data out of China, a weaker-than-expected August non-manufacturing index reading, suggests that China’s third quarter real GDP growth may be 6.5% or lower, says hedge fund manager Doug Kass in his latest missive about
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China, US divided over Syria, sea row, but vow goodwill
swissinfo.ch
U.S. Secretary of State Hillary Clinton and Chinese Foreign Minister Yang Jiechi vowed goodwill after talks which had been preceded by criticism from Beijing of Clinton’s calls for a multilateral solution to the territorial disputes in the South and
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China Firm Charged with Falsely Inflating Earnings
Fox Business
The U.S. Securities and Exchange Commission charged China Sky One Medical Inc. with falsely inflating its earnings, a rare action by the regulator almost two years after doubts about the accuracy of disclosures by small Chinese firms sent U.S
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Asia Falls as Investors Brace for ECB, US Jobs
CNBC.com
Japan’s Nikkei average fell to a near five-week closing low as soft U.S. manufacturing data and construction spending added to concerns about a global economic slowdown. Bearish bets on China-related stocks also helped pull the market lower as some
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Fight for Africa: China, US Spar
New Liberian
By Ralph Geeplay. The recent Africa tour of United States Secretary of States, Hillary Clinton, which ran for 11 days if anything, indicates a major showmanship that Washington is determined to assert or reassert itself on the continent, after a
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Inside China’s Alarming Manufacturing Slowdown
ThomasNet Industrial News Room
Weak conditions have hampered demand in the Eurozone, the largest market for Chinese exports, while the slowing United States economy is further cutting demand for Chinese exports. The world’s second-largest economy, behind the U.S., doesn’t seem to
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Rhetoric no barrier to China’s US buying spree
IT Business Net
Rhetoric no barrier to China’s U.S. buying spree. By GrabNetworks. As U.S. citizens prepare to go to the polls, China is a favourite target of battling politicians, but beneath the campaign rhetoric, deals are still getting done. Rhetoric no barrier to
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China a factor in US election
China Daily
After the Republican and Democratic national conventions, Americans prepare to choose their next president on the basis of domestic economic issues. But China does matter, indirectly. When US President Barack Obama assumed office, nine out of 10
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Crude Oil Futures Fall After US, China Data
International Business Times
Light sweet crude for October delivery declined 0.12 percent or 11 cents to $95.19 a barrel in electronic trading on the New York Mercantile Exchange during the Asian trading hours while Brent crude oil futures for October delivery fell 0.14 percent or
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China, U.S. team up for sea exercise
Honolulu Star-Advertiser
A Chinese Maritime Safety Administration ship made a historic first visit to Honolulu and the United States Tuesday to improve civilian maritime cooperation as disputes continue to roil relations in the South China Sea. The 370-foot Haixun 31 was
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Romney’s Threat on China Currency Shortsighted, Albright Says
Businessweek
Former Secretary of State Madeleine Albright called Republican presidential candidate Mitt Romney shortsighted in threatening to designate China a currency manipulator on his first day in office. “So what happens on day two?” Albright said today in a
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Morgan Stanley-led group invests $150 million more in China hydropower firm
Reuters
HONG KONG (Reuters) – A consortium led by a Morgan Stanley (MS.N) infrastructure fund has made a second $150 million investment in unlisted Chinese hydropower company Zhaoheng Hydropower Holdings Ltd, Zhaoheng said. The consortium had made
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Japanese Stocks Fall on Growth Concern Before ECB Meeting
Businessweek
Japan stocks declined a fifth day, the longest losing streak in two months, as economic reports from the U.S. and China added to signs global growth is slowing ahead of tomorrow’s European Central Bank meeting. Nissan Motor Co., Japan’s second-largest
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Will South China Sea Disputes Lead to War?
Voice of America
U.S. Secretary of State Hillary Clinton is in Beijing to push China toward a diplomatic resolution over territorial disputes it has with its South China Sea neighbors. But China is pushing back. Concerns over the matter have experts talking about the
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KYODO: US Marines to Set Up Command Post on Palawan Island Facing South
Pacific News Center
Guam – Japan’s Kyodo News Service is reporting that a contingent of U.S. Marines is planing to set up an “advance command post” on the Western Philippine island of Palawan facing the South China Sea. According to Kyodo, the plan calls for stationing 50
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Clinton seeks Chinese accord on South China Sea
U.S. News & World Report
BEIJING (AP) — U.S. Secretary of State Hillary Rodham Clinton sat down Wednesday with Chinese President Hu Jintao to press Beijing to agree to peacefully resolve territorial disputes with its smaller neighbors over the South China Sea. But as she
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Video: Rhetoric no barrier to China’s US buying spree Add to …
Globe and Mail
05 2012, 6:23 AM EDT. Last updated Wednesday, Sep. 05 2012, 6:23 AM EDT. As U.S. citizens prepare to go to the polls, China is a favourite target of battling politicians, but beneath the campaign rhetoric, deals are still getting done. 0 comments
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Manufacturing is another headache for US economy
China Post
On Monday, data showed a contraction in manufacturing had deepened in both Europe and China. U.S. unemployment in July remained high at 8.3 percent. Weak jobs growth has caused deep concern at the Federal Reserve. It could add more stimulus as
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North Korea launches barbed attack on Chinese investor
Reuters
in North Korea stood at $98.3 million, just 12 percent of the amount Chinese firms have invested in South Korea, according to Chinese data cited in a 2011 report by Drew Thompson, a Korea specialist who now works at the U.S. Department of Defense.
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