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U.S. China News 2012.09.06

Thu, September 6, 2012

US expects South China Sea tensions to rise
CBS News
BANDAR SERI BEGAWAN, Brunei — U.S. Secretary of State Hillary Clinton said Thursday that her talks in China this week were useful despite highlighting sharp differences between Washington and Beijing over key international issues from Syria’s civil
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Clinton: US Will Engage China Where it Can
Voice of America
DILI, EAST TIMOR — U.S. Secretary of State Hillary Clinton says Washington will not back away from differences with China about Syria and the South China Sea. Following a rough reception in Beijing Wednesday, Secretary Clinton told reporters in East
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Singapore’s Prime Minister Warns China on View of US
New York Times
BEIJING — In an unusual public airing of strategic problems surrounding China‘s rise, the prime minister of Singapore, Lee Hsien Loong, warned China on Thursday that it should view the United States not as a declining power, but as a nation with the
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China vs US: Economy vs stock market
CBS News
The first half of this year provided us with a perfect example. In the first quarter China’s GDP grew 8.1 percent. In the second quarter it grew 7.6 percent. The figures for the U.S. economy were just 2.0 percent and 1.7 percent, respectively. Yet
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China’s Goal of 10% Trade Growth Drifts Out of Reach
Bloomberg
The trade slowdown is weighing on companies such as Tianjin-based China Cosco Holdings Co. (1919), the country’s largest listed shipper, after the European Union this year slipped behind the U.S. as the nation’s biggest export market. “If you have some
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US expects South China Sea tensions to rise
The Associated Press
By MATTHEW LEE, Associated Press – 1 minute ago. BANDAR SERI BEGAWAN, Brunei (AP) — U.S. Secretary of State Hillary Clinton said Thursday that her talks in China this week were useful despite highlighting sharp differences between Washington
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Democrats Should Curb Economic Euphoria
Daily Beast
Third, China. China may be on the way to becoming the world’s largest economy and leaving the U.S. in the dust. In the meantime, however, it remains a relatively opaque, authoritarian, non-democratic country with brittle infrastructure and a frail
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The United States Has A New Rival For Influence In Egypt
Business Insider
“We are looking to China as a strong power not only in Asia, but also in Africa,” Said said, referring to China’s billions in trade and investment on the continent. “And this relationship will force the US to focus more carefully on what is happening
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China’s Huawei still negotiating conditions to join US hearing
Reuters
(Reuters) – China’s Huawei Technologies Co Ltd HWT.UL, the world’s second-biggest telecommunications equipment maker, said it was still negotiating the conditions under which it would agree to take part in a U.S. congressional hearing into alleged
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Hong Kong, China shares eke out first gain in three days
Reuters
Turnover weak ahead of ECB meeting and China, U.S. data. * China railway surge after reports of project approvals. * Goldman Sachs trims 3-mth Chinese index targets. By Clement Tan. HONG KONG, Sept 6 (Reuters) – Hong Kong and China shares had
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MPAA getting involved in Hollywood’s dispute with China
Los Angeles Times
Now for the first time, Hollywood’s trade organization in Washington is speaking out about the growing tensions from China Film Group’s recent moves to limit the box- office revenue of U.S. movies. The state-owned company has blocked imported movies
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China’s Bo Xilai scandal takes new turn with indictment of ex-police chief
Christian Science Monitor
A former police chief whose dramatic overnight stay at a US consulate in February set off the biggest political scandal to hit China in years has been indicted on charges that involve defection, abuse of power, and taking bribes, state media said
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China, US should avoid dialogue of deaf
People’s Daily Online
“It’s a positive pattern to enhance the high-level dialogue between China and the United States,” said Sun Zhe, director of Center for ChinaU.S. Relations of China’s Tsinghua University. “The most urgent task for both sides is how to realize C2
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In East Timor, Clinton seeks to boost Asia’s newest country
Reuters
U.S. secretary to provide funds for U.S. scholarships. * She taking stock of Chinese influence in country. * U.S., China could cooperate on development work there. By By Andrew Quinn. DILI, Sept 6 (Reuters) – U.S. Secretary of State Hillary Clinton
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Apple Urged by Chinese Dissident to Act Against One-Child Policy
Bloomberg
Chen Guangcheng, the Chinese dissident whose flight to the U.S. in April roiled U.S.China relations, said iPhone-maker Apple Inc. (AAPL) should take a more outspoken role criticizing China for its one-child policy. Apple, which hires manufacturers to
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USChina meeting ends on a sour note
Minneapolis Star Tribune
The visit finished Wednesday in dramatic fashion: an announcement from the Chinese government two hours before Clinton’s departure that a man who had sought sanctuary at a U.S. consulate months earlier and triggered a still-roiling political scandal
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US Stocks End a Hushed Day Roughly Flat
Wall Street Journal
FedEx is considered an economic bellwether because of its role in transporting goods around the world, and its profit warning came as investors digested weak manufacturing reports from China and the U.S.. Europe added to the gloom, after Markit’s
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World briefs: US, China at loggerheads
Pittsburgh Post Gazette
BEIJING — The United States and China clashed Wednesday over two of the most contentious issues riling their relationship, the violence in Syria and growing tensions over territorial disputes in the South China Sea. After hours of meetings with other
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Michelle Obama’s DNC Speech Goes Viral in China
The Atlantic
Until then, Chinese netizens will continue to hope they eventually get a leader who connects with them on an emotional level. One Beijinger’s English-language comment summed this sentiment up: “Love this speech! Thank you for giving us hope…. China
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China to invest $US 127bn in 25 urban rail projects
International Railway Journal
CHINA’s National Development and Reform Commission (NDRC) announced on September 5 that it has approved plans for 25 urban rail projects worth a total of more than Yuan 800bn ($US 127bn). The list includes the first three lines of the Shijiazhuang
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Christmas Cargo Boosts US Rates as Europe Slumps
Businessweek
“Europe is still on a downward trend,” said Wan Min, executive vice president at China Cosco Holdings Co. (1919), parent of the nation’s biggest container line. “The U.S. will see a mild growth in shipping demand in the third quarter.” Maersk expects
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Don’t bid for strategic containment of China, daily warns US
TwoCircles.net
By IANS,. Beijing : China does not want the US to perish nor does it want to dominate Asia, said a state-run Chinese daily, warning that if America launched a bid for strategic containment of China it would be strategic choice that it “could not bear”.
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US firms defame China start-ups for profit
China Daily
BEIJING – Chinese entrepreneurs’ moves to strike back at US short-sellers have revealed a malicious act: turning a profit at the cost of the reputations and destinies of China’s start-up businesses. According to a group of 61 Chinese entrepreneurs led
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Chinese Stocks Rise as Subway Plan Stokes Stimulus Speculation
Businessweek
Chinese stocks rose for the first time in three days on speculation policy makers will take more steps to stimulate the economy after a government agency approved subway plans for 18 cities. China Railway Construction Corp. (601186) climbed the most in
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Chinese optimistic about future with U.S. soy
Southwest Farm Press
Comments 0. The work of the soy checkoff through the United Soybean Board (USB) and its international marketing arm, the U.S. Soybean Export Council (USSEC), has paid dividends in China and the officials wanted to make sure these farmers knew it.
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China held secret missile tests: report
Taipei Times
US intelligence agencies have leaked reports of secret new Chinese missile tests that could have important implications for Taiwan. The reports have been published by national security journalist Bill Gertz on the Washington Free Beacon Web site. Gertz
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US Should Encourage Code Of Conduct In South China Sea
Manila Bulletin
Washington should more publicly support efforts to get China and the Association of South East Asian Nations (ASEAN) to engage and conclude a binding code of conduct in the South China Sea, a Filipino-American senior policy maker based in the United
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China, U.S. Disagree On Syria
Investor’s Business Daily
Turkey PM Recep Tayyip Erdogan called Syria a “terrorist state” and new Egypt Pres. Mohammed Morsi called for Syria Pres. Bashar Assad to exit. China still backed a “transition” in Syria — but no foreign intervention — during talks with Sec’y of
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GM Cruises To $25 On Strong U.S. And China Sales
Trefis
General Motors (NYSE:GM) continued to perform strongly in the U.S. as its August sales climbed 10% to 240,520 vehicles helped by Chevrolet Cruze, Chevrolet Equinox and Chevrolet Impala, which grew 19%, 22% and 28% respectively. Overall, the sales
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China minister tips Indian pilots US$1800
The Borneo Post
NEW DELHI: China’s defence minister caused a diplomatic headache during his trip to India by offering nearly US$2,000 as a tip to two air force pilots who flew him from Mumbai to New Delhi, reports said yesterday. Liang Guanglie, who leaves yesterday
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Clinton: China talks useful though little progress made on Syria, South China Sea
Greenfield Daily Reporter
(Sept. 5). Photos: U.S. Secretary of State Hillary Rodham Clinton, left, speaks with Chinese Vice Premier Li Keqiang, right, during a bilateral meeting at the Great Hall of the People in Beijing, China, on Wednesday, Sept. 5, 2012. (AP Photo/Jim Watson
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China’s CNOOC applies to US government to review Nexen acquisition
Platts
China National Offshore Oil Corp. has filed an application with the US government to review its proposed $15.1 billion acquisition of Nexen, a CNOOC spokesperson said in an email Thursday. “I can confirm that CNOOC has now filed formally with CFIUS
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China’s currency reforms may make ‘get tough’ promise moot
Washington Times
Partly because of such currency suppression over the years, China has taken over entire markets for consumer goods in the U.S., including Christmas ornaments and cribs, by underpricing competitors, causing the U.S. trade deficit with China to bloat to
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Top China Stories from WSJ: Ex-Police Chief Charged, Pyongyang Spat, Zambia
Wall Street Journal (blog)
U.S. and China Yield Little Ground in Talks: China and the U.S. made little visible progress in resolving thorny diplomatic disputes during a visit by Secretary of State Hillary Clinton as both sides stuck to long-standing positions on issues from
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‘Death by China‘ film featuring Ryan, Sheen to be shown in Valley
Youngstown Vindicator
“Death by China,” a documentary about the United States‘ trade relationship with that Asian nation that features U.S. Rep. Tim Ryan, will be shown Friday at two Mahoning County locations. The film is being shown at no cost at 7 p.m. Friday at the DeYor
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Sembcorp completes US$85.5m acquisition of AES’ China power assets
Channel News Asia
SINGAPORE: Sembcorp Industries has completed its US$85.5 million (S$106.7 million) acquisition of power assets in China from US-based energy company The AES Corporation. The acquisition comprises a 49 per cent stake in four wind power assets in
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Ex-police chief charged in China political scandal
The Associated Press
BEIJING (AP) — A former police chief whose flight to a U.S. consulate set off China’s biggest political scandal in years has been charged with crimes including defection and bribe taking, possibly indicating the turbulent affair is moving closer to a
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EU: Anti-dumping probe into China solar panels
San Jose Mercury News
A preliminary assessment from the U.S., which imported more than $3 billion in solar cells and panels from China last year, said China was dumping the products on the U.S. market at margins ranging from 31 percent to 250 percent, and levied temporary
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US Ryder Cup team has a blend of experience and form
China Daily
United States captain Davis Love III opted for a blend of experience and form in choosing Dustin Johnson, Jim Furyk, Brandt Snedeker and Steve Stricker as his wildcard picks for this month’s Ryder Cup against Europe. Love announced Cup veterans Furyk
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Samsung: Facing Same China Abuse Charges As Apple, Can It Also Emerge
International Business Times
Separately, China Labor Watch, a U.S. group that previously charged Apple (Nasdaq: AAPL), the world’s most valuable company, with creating abusive labor conditions at Chinese factories owned by contractors, charged Samsung with similar problems both
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