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U.S. China News 2012.09.08

Sun, September 9, 2012

APEC Summit 2012: US Looks To Calm Rising Tensions In Asia
Huffington Post
With Lavrov, she also stressed the importance of dealing with the ongoing crisis in Syria, where Russia, along with China, has blocked U.N. action that would penalize the Syrian regime for refusing to allow a political transition, a second U.S
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80 dead in China quakes; rescue efforts hampered
U.S. News & World Report
BEIJING (AP) — Rescue workers cleared roads Saturday so they could search for survivors and rush aid to a remote mountainous area of southwestern China after twin earthquakes killed at least 80 people. More than 200,000 villagers were evacuated after
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Terror takes back seat; Americans safer now
USA TODAY
Defense officials are wary of China’s military growth, and U.S. intelligence agencies have accused Beijing for stealing American high-tech data through computer-based attacks. U.S. officials and security experts are increasingly warning that the United
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Caterpillar sees China stimulus helping in 2013
Chicago Tribune
VLADIVOSTOK, Russia (Reuters) – Caterpillar , the world’s largest maker of construction equipment, expects a $157 billion Chinese infrastructure spending drive to feed through to its sales next year, boosting its operations both locally and in North
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US Sees Ongoing Tensions Over South China Sea
Voice of America (blog)
Rival claims to the South China Sea by China, Malaysia, Taiwan, Vietnam, Brunei, and the Philippines “are going to go through a period of higher tensions, no matter what,” according to senior State Department official traveling in Asia with U.S
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China sees further widening yuan band an option: central bank official
Reuters
XIAMEN, China (Reuters) – Further widening the trading band for China’s yuan is a policy option that the central bank may adopt in the future to better reflect market forces, a senior official from the People’s Bank of China said on Saturday, giving no
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China, Russia sound alarm on world economy at APEC summit |
Reuters
VLADIVOSTOK, Russia (Reuters) – China and Russia sounded the alarm about the state of the global economy and urged Asian-Pacific countries at a summit on Saturday to protect themselves by forging deeper regional economic ties. Chinese President Hu
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China approves US$157-billion infrastructure spending in bid to stem slowdown
National Post
China has given the green light to 60 infrastructure projects worth more than US$150-billion, as it looks to energize an economy mired in its worst slowdown in three years, fuelling hopes the world’s growth engine may get a lift from the fourth quarter
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Panda Diplomacy: Un-Bearable Wait. Is Mei Xiang Pregnant?
ABC News
Additionally, the loan agreement ensures that any newborn panda must be immediately returned to China for breeding. U.S.China relations have been never been simple. But panda diplomacy is not a new tactic in strengthening international ties. Since the
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China re-launches ABS program for first time since crisis
Reuters
SHANGHAI (Reuters) – China has re-launched a program to develop asset-backed securities (ABS) interrupted by the global financial crisis as the government tries to shore up its banking system. China Development Bank CHDB.UL sold 10.166 billion yuan
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Microsoft is Hiring, in China
Forbes
According to CHINADAILY USA, the company is adding 1000 employees to its 4500-labor force. The new hiring will extend across the entire supply chain, from R&D to sales and support. Microsoft’s China expansion plans come at a time its long-time
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U.S. organization signs agreement to use telescope on Chinese lunar lander
Examiner.com
The International Lunar Observatory Association (ILOA) in Hawaii has signed a historic memorandum of understanding (MOU) with the National Astronomical Observatories (NAOC), Chinese Academy of Sciences, to use a telescope on China‘s moon lander
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Fox and Wanda finalizing deal to co-produce movies in China
Los Angeles Times
20th Century Fox is finalizing a deal to co-produce movies in China with Dalian Wanda Group, the Chinese conglomerate that finalized its $2.6-billion purchase of U.S. theater chain AMC Entertainment this week. Discussions about a potential partnership
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Chinese investment in US ‘to surge’
China Daily
Chinese investment in the United States is likely to double this year, which shows Chinese investors that the US market has great potential for them, US business leaders said on Friday. “Chinese investment in the US will be double this year what it was
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Mural draws fire from China
Corvallis Gazette Times
Citing “strong resentment from the local Chinese community,” the Chinese government has asked the city of Corvallis to force a Taiwanese-American businessman to remove a mural advocating independence for Taiwan and Tibet from his downtown building.
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Asia must shed myth of limited good
Christian Science Monitor
At least seven Asian nations are clashing dangerously over claims to islands and the ocean resources around them. China and the US are beefing up their militaries in a contest for influence. And two proposals for regional trade pacts – one led by China
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China re-launches ABS program for first time since crisis
Chicago Tribune
The government subsequently suspended the program in 2008, in response to concern about the role derivatives based on U.S. mortgage-backed securities played in the global financial crisis. In May this year, three related regulators issued a joint
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China’s Alibaba to pass Amazon, eBay in transaction value: executive
Reuters
In May, Alibaba ended more than two years of often fractious negotiations with Yahoo Inc to buy back much of a stake held by the U.S. web giant and, crucially, reduce the voting power of foreign stakeholders including Yahoo and Japan’s Softbank Corp.
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Harder path leads to a better place: Obama
China Daily
Since 2008, the Obama administration has maintained a series of high-level bilateral economic dialogues with China, including the annual ChinaUS Strategic and Economic Dialogue and Joint Commission on Commerce and Trade. Dianne Feinstein, a US
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Malaysia-China trade to exceed US$100bn despite slowdown
Sin Chew Jit Poh
PETALING JAYA, Sept 8 (Bernama) — Bilateral trade between Malaysia and China are guaranteed to exceed US$100 billion despite economic slowdown in China and uncertainty in the global environment, said Minister in the Prime Minister’s Department Tan
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US edges China to reach semis of World Cup of Pool
Inquirer.net
MANILA, Philippines – Rodney Morris and Shane Van Boeing of Team USA dodged a bullet as it salvaged a nerve-racking 9-8 quarterfinals win over Li Hewen and Liu Haitao of Team China Saturday to slip its way into the semifinals of the 2012
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Uncertainty in US, Europe and China weighs on Cdn economy: bank economists
Edmonton Journal
The panel agreed that it remains to be seen how the instability from the U.S. election, the emerging situation with the eurozone and the economic stability of China will play out in Canada in the coming year. It’s expected that Canada’s economy will
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CANADA STOCKS-China plan boosts miners; TSX at 4-month high
Reuters
Crude, copper and other commodities moved higher, and the combination of news out of Europe, the United States and China suggested further rises in the Toronto index, which has underperformed world markets this year, were possible. “This rally that
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Complexities of US abortion debate weigh on Democrats
China Daily
Kathy Dahlkemper, a Democrat from Pennsylvania who served one term in the House of Representatives before losing to a Republican in 2010, told China Daily that she opposes abortion and wants to see the number of abortions reduced significantly.
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Ottawa says China not the only potential investor in Canada’s oil
Reuters
United States, Norway, France also investing. * Canada now examining CNOOC bid for Nexen. By Jim Morris. VANCOUVER, Sept 7 (Reuters) – China is not the only possible source of the massive investment that Canada needs to develop its oil-rich tar sands
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China Stimulus Boost to Aussie Temporary; Outlook Uncertain
DailyFX
While the ECB decision to introduce unlimited sterilized bond purchases is certainly a time buyer and thus bolsters risk-appetite in the near-term (provoking a sell-off of Japanese Yen, Swiss Francs, and US Dollars, the low-yielding safe havens), the
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China’s rise could help US in long run: Business Comment of the Day
Plain Dealer
It took 10 years for China to become wealthy enough to be able to afford expensive American products. Now when – finally – it’s America’s turn to profit from the ten-year long investment it made in free trade deal with China, shortsighted critics want
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How to add ‘positive energy’ to ChinaUS relations
People’s Daily Online
There have been many bumps in the relations between China and the United States this year, especially when Hillary Clinton criticized China by insinuation when visiting China’s neighbors in July and Africa in August. The frequent territorial disputes
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Errani doing double duty at US Open
China Daily
Women’s doubles World No 1 Sara Errani is bidding for a rare two-title run at the US Open, advancing to the women’s doubles final on Thursday after having booked a berth in the singles semifinals. Italy’s Errani and best friend Roberta Vinci defeated
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EU and US Playing Dirty Tariffs on Solar to Impede China
The Earth Times (blog)
So the big oil bullies, the United States (US) and the European Union (EU), are trying to clamp down on China with tariffs. Economic bullies hate anyone usurping their oil-dominant economies and are not committed at grassroots level to cleaner technology.
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PM Lee reiterates S’pore’s stand on South China Sea to US, Philippines
Straits Times
Vladivostok – A day after Prime Minister Lee Hsien Loong said that his views on the South China Sea are understood by Chinese leaders, he reiterated his stance to the United States and the Philippines. Mr Lee met with President Benigno Aquino of the
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Trust Test: Hochul Ad Attacks Collins For Work in China
WGRZ-TV
The work is done in China. Chris Collins recently said: “It would not be feasible to make and package that product for seven dollars in the U.S.” How does China do it? Chris Collins said: “China cheats by manipulating the currency, which gives them a
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U.S. looks to calm rising tensions in Asia
Politico
Clinton, who is filling in for President Barack Obama at the summit, has spent the last week in the Asia-Pacific urging peaceful resolutions to competing territorial claims between China and its smaller neighbors in the South China Sea. The U.S. wants
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Chinese ‘cybersquatters’ may spark domain wars
GMA News
Chinese ‘cybersquatters’ may spark domain wars. September 9, 2012 12:08am. A US-based legal firm expects legal conflicts over Internet domains to spike this year, partly due to Chinese “cybersquatters,” a tech site reported this week. PC World quoted
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Stephen Yates Joins ‘Real News’ to Discuss China and U.S. Policy in the
TheBlaze.com
As the dust will now settle from the national party conventions over the last two weeks in Tampa and Charlotte, attention turns to Secretary of State Hillary Clinton’s trip to China– possibly her last as head of the State Department. Many have
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Open letter demands Chinese premier’s removal
World Socialist Web Site
The bureaucratic apparatus headed by Mao was rooted in the reactionary theory of “Socialism in One Country” that led China into an economic impasse. In 1972, Mao reached a rapprochement with US imperialism for the establishment of full diplomatic ties.
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US STOCKS-Wall St withstands jobs disappointment; focus on Fed
Reuters
US jobs growth brakes in Aug, seen forcing Fed’s hand. * Intel shares down after profit warning, weighs on semis. * Material shares rally on China infrastructure spending. * Stocks: Dow up 0.1 pct, S&P up 0.4 pct, Nasdaq flat. By Ryan Vlastelica. NEW
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In China, Silvercorp critic caught in campaign by police
Globe and Mail
What he didn’t know was that in the wake of a series of scandals involving Chinese companies listed on North American stock exchanges, authorities in China had decided to push back hard against those attacking the credibility of Chinese firms. Many of
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China goads commodities bulls
MarketWatch
By MarketWatch. SAN FRANCISCO (MarketWatch) – China’s economic planners this week signed off on an economic stimulus package roundly estimated at $150 billion, lifting the lid on what many investors were betting Friday marks the next upswing of the
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Hackers from China target defense data, human rights groups: Symantec
Times of India
Although the hackers were never publicly identified, the incident heightened tensions between Washington and Beijing over growing evidence that a significant number of cyber attacks against US institutions originated from China. “It was big news at the
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China: Government Announces New Stimulus Package; Foxconn Faces New
Minyanville.com
MINYANVILLE ORIGINAL While investors in the US ponder whether the Fed will unleash another round of quantitative easing, the Chinese government this week announced a new round of stimulus spending meant to jolt its own sluggish economy. China
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Ma’s peace initiative ‘sensible’: ex-AIT director
China Post
Ma’s peace initiative ‘sensible’: ex-AIT director. WASHINGTON–President Ma Ying-jeou’s peace initiative on the disputed Tiaoyutai Islands in the East China Sea is “sensible” and is “the only way out,” a former U.S. official said on Friday.
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