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U.S. China News 2012.09.12

Wed, September 12, 2012

ChinaUS power play at core of East Asian island disputes
Los Angeles Times
At first glance, it seems to make little sense that China and U.S. allies in the Western Pacific would dredge up old fights over uninhabitable islands, provoking nationalist protests, diplomatic rifts and a threat of violent confrontation in a
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Asian Stocks Rise on Bets China, US to Stimulate Growth
Businessweek
Asian stocks rose, with the regional benchmark index headed for the longest winning streak in two months, on speculation China and the U.S. will take more measures to spur growth in the world’s two biggest economies. Samsung Electronics Co. (005930)
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US lawmakers blame China over maritime disputes
Sacramento Bee
WASHINGTON — U.S. lawmakers accused China of bullying its neighbors to press territorial claims in the South China Sea, but also raised questions about America’s capacity to police the region. Three congressional panels this week that are scrutinizing
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China Urges US City to Remove Mural on Taiwan, Tibet
Voice of America (blog)
Posted September 12th, 2012 at 12:25 am (UTC-4). China’s government has asked a city in the western U.S. state of Oregon to order a Taiwanese-American businessman to remove a mural promoting independence for Taiwan and Tibet. The mural, in the city
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Russia, China join West in Iran rebuke at UN nuclear meet
Reuters
The United States, France, Germany and Britain as well as Russia and China agreed a draft resolution at the U.N. nuclear agency to rebuke Iran over its expanded uranium enrichment program while making clear their desire to find a peaceful resolution to
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General Motors says China president to retire October 31
Reuters
(Reuters) – Kevin Wale will retire on October 31 as president of General Motors China, GM said Wednesday. His replacement is Bob Socia, GM’s vice president of global purchasing and supply chain. Wale, a 37-year GM veteran, has headed the U.S.
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Ex-China Adviser Li Tells US to Get Fiscal House in Order
CNBC.com
The U.S. Government’s high debt levels are a greater cause of concern than those of euro zone countries, says Li Daokui, a former Chinese central bank adviser, urging the world’ largest economy to push ahead with reforms to put its fiscal house in order.
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Europe space agency eyes manned flights with China
U.S. News & World Report
By FRANK JORDANS, Associated Press. BERLIN (AP) — European astronauts could hitch a ride into orbit aboard Chinese spacecraft before the end of the decade, a senior official at the European Space Agency said Tuesday. The head of ESA’s human
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China maintains silence on Xi, rumor mill on overdrive
Reuters
BEIJING (Reuters) – Chinese authorities and media remained silent on the whereabouts of Vice President Xi Jinping on Wednesday, sparking rumors and raising questions over why Beijing is not being more forthcoming on the health of its president-in
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Taiwan’s Bond Yield, Currency Rise on U.S., China Stimulus Bets
Bloomberg
Taiwan’s government bonds dropped, pushing the 10-year yield to a three-week high, and the local dollar rallied for a fifth day on speculation the U.S. and China will step up efforts to address slowdowns in their economies. Global funds bought $101
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Rising incomes, changing diets causing sleep apnea in China
Reuters
NEW YORK/BEIJING (Reuters) – Thirteen years ago, Li Xin thought his swelling belly was just a sign of a healthy appetite and prosperity. But today Li, now 47, is worried that frequent business dinners with colleagues who dine on greasy ribs, fried rice
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China Steps Up Push Into Latin America
Wall Street Journal
China gets what it wants but Latin America doesn’t think the same,” said Wu Guoping, assistant director of the Institute of Latin American Studies, Chinese Academy of Social Sciences, at a conference this week on Chinese investment in Latin America.
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US cautions Japan, China over escalating islands row
Reuters
Japan finalises $26 mln buy of disputed islands. * China sends two patrol ships, military issues warning. * U.S. issues warning to both sides. * Tokyo says has only peaceful intentions. By Kiyoshi Takenaka. TOKYO, Sept 11 (Reuters) – The United States
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FCTA, China Sign US$500 Million Light Rail Pact in Beijing
AllAfrica.com
FCT minister, Senator Bala Mohammed yesterday in Beijing, China announced that the Abuja Light Rail project has reached its final implementation take-off stage. The minister made the declaration when he represented the Administration at the signing
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METALS-LME copper up for 4th session; German ruling, US Fed eyed
Reuters
“Like other base metals, LME aluminium has risen on hopes of more stimulus programmes by the U.S. and the euro zone, and on China’s infrastructure spending plans,” said Shanghai Metal Markets analyst Zhang Chenguang. “On top of these, the contract
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Liberia, China Sign US$60 Million Ministerial Complex Agreement
AllAfrica.com
Liberia’s Foreign Minister Augustine Kpehe Ngafuan and Chinese Ambassador accredited to Liberia, His Excellency Zhao Jianhua on Tuesday, September 11, 2012 signed the agreement for the construction of the multimillion dollar Ministerial Complex at an
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Japan, S Korea, China, US to invest in SEZs: BoI
Business Recorder (blog)
ABDUL RASHEED AZAD. ISLAMABAD: Pakistan is expecting investment from four leading industrial countries including Japan, South Korea, China and the US — in Special Economic Zones (SEZ), an official of the Board of Investment (BoI) said on Tuesday.
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Tensions mount in South China Sea. Here’s how to ease them.
Christian Science Monitor
Estimates of the region’s energy potential ranges widely, according to the independent U.S. Energy Information Agency: U.S. estimates suggest the region could contain roughly 28 billion barrels of oil; while Chinese estimates are much more optimistic,
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China And Russia Are Ruthlessly Cutting The Legs Out From Under The US Dollar
Hawaii News Daily
The mainstream media in the United States is almost totally ignoring one of the most important trends in global economics. This trend is going to cause the value of the U.S. dollar to fall dramatically and it is going to cause the cost of living in the
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Oil Rises a Sixth Day on Euro Fund Ruling, Stimulus Speculation
Businessweek
Oil rose for a sixth day as Germany’s top constitutional court cleared the way for the permanent euro-area rescue fund and speculation grew that China and the U.S. will take fresh steps to stimulate their economies. Crude rose above $98 a barrel for
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USChina ties: cooperation and competition
Korea Times
In fact, her last visit to China as secretary of state underlined the nature of the U.S.China relationship today, one in which the two countries compete for influence around the world but where they also cooperate when it is in their interest to do so
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China’s Stocks Advance After Premier Wen Signals Stimulus
Businessweek
China’s stocks rose for the fourth time in five days after Premier Wen Jiabao signaled the government has more room for fiscal and monetary stimulus measures to boost economic growth. Anhui Conch Cement Co. and Sany Heavy Industry Co. led gains for
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Man on trial accused of taking secrets to China
Huffington Post
NEWARK, N.J. — A federal jury in New Jersey has heard opening statements in the trial of a man accused of taking military-related technology secrets to China. Sixing Liu (soo-shing lee-oo) worked at New Jersey-based Space & Navigation, a division of
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US trade gap widens as exports to Europe slump
Reuters
Meanwhile, imports from China hit a record high $37.9 billion, pushing the U.S. trade deficit with China to a record high $29.4 billion. U.S. exports to China, which has been one of the fastest-growing markets for U.S. goods, increased only 0.4 percent
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India’s economic euphoria sours, US report
DAWN.com
WASHINGTON: India’s economic euphoria has soured and the Indian economy is now faring worse than those of China and Brazil, says a US think-tank, the Pew Research Center. The Indian economy, inspired by a robust growth in the last few years, was
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US, Russia bridge differences on Iran at nuke meet
The Associated Press
VIENNA (AP) — The United States and its Western allies have persuaded Russia and China to support a resolution critical of Iran’s nuclear defiance in hope of showing Israel that diplomacy is an alternative to military force in pressuring Tehran
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iPhone manufacturer faces labor complaints
U.S. News & World Report
China Labor Watch, based in New York City, cited a message from an unidentified Foxconn employee that said the employee saw female students quarreling with a teacher. “I want to go back to school. I don’t want to work here anymore! Why do you force us
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China’s Silence on Xi Speculation Contrasts With Past Rebuttals
Bloomberg
The central bank also used statements about meetings attended by Governor Zhou Xiaochuan to counter a report by risk analysis group Stratfor that he’d fled the country because the government planned to punish him for losses in China’s U.S. Treasuries
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Scandals, missing official put China’s political future in question
USA TODAY
YANQING, China — Communist Party member Guan Rong was among 100 government officials to gather in this rural district Tuesday and listen to a touring propaganda team praise the new leadership in Beijing. “I was very moved,” said Guan, 25, by the
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US cautions Japan, China over escalating islands row
South Bend Tribune
TOKYO (Reuters) – The United States cautioned China and Japan against escalating a row over a group of islands that both nations claim, warning that tensions between the world’s second and third-biggest economies would have global repercussions.
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China’s central and local governments plans 12.6 trillion RMB (Over US$2
Next Big Future
So let’s imagine a Chinese company that makes rubber swimming pools for export. The company has 500 employees, produces US$2,500,000 worth of products using only domestically-sourced materials, and generates US$1,000,000 in wages + corporate
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China’s Huawei agrees to US$2 billion, 5-year British deals
China Post
Huawei agrees to US$2 billion, 5-year British deals. BEIJING–Chinese information technology and telecommunications giant Huawei on Wednesday said it had agreed deals worth US$2 billion for investment and spending in Britain over the next five years.
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China, US may have ‘secretly’ tested genetically modified ‘Golden Rice’ on
TruthDive
A recent scientific publication by Tufts University and other Chinese scientists has suggested that researchers, backed by the US Department of Agriculture, fed experimental genetically engineered golden rice to 24 children in China aged between six
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Japan Stocks Gain on Stimulus, Machine Orders
Businessweek
Japanese stocks climbed, with the Nikkei 225 Stock Average (NKY) reaching its highest in two weeks, on speculation policy makers in the U.S. and China will announce plans to stimulate the world’s largest economies and as machinery orders in Japan beat
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Chinese military conducts long-range missile tests
World Socialist Web Site
The tests took place amid growing tensions in the Pacific as a result of the Obama administration’s efforts to encircle China diplomatically and militarily. The US military build-up, especially its planned anti-ballistic missile shield in Asia, is
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Poll: Europe Likes Obama, China Prefers Romney
HispanicBusiness.com
A straw poll of people in more than 30 countries shows U.S. President Barack Obama would win by a landslide if they were allowed to vote in the U.S. election. The poll conducted for United Press International by CVOTER International/WIN-Gallup
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Aussie Dollar Advances as Stimulus Bets Boost Risk Demand
Bloomberg
The Australian dollar touched the highest in almost three weeks as demand for riskier assets rose amid speculation the U.S. and China will take more steps to stimulate the world’s largest economies. The so-called Aussie and New Zealand’s dollar
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China’s Next Leader Is Missing—and That’s Not Even the Big Story
Heritage.org (blog)
What emerging pluralism means for the U.S is that a system that has always been opaque is now becoming complex as well. More than ever, American policymakers should base their decisions on what China actually does rather than parsing the meaning of
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China, Japan dig in heels as rhetoric escalates over islands
Chicago Tribune
BEIJING/TOKYO (Reuters) – China kept up its tough talk on Wednesday while Japan showed no sign of yielding in a dispute between the world’s second and third biggest economies over uninhabited islets that has raised alarm in Washington and protests
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Seven Catalysts Feeding a Resurgence in US Manufacturing
Sustainable Plant
Consensus views on a U.S. manufacturing resurgence have largely centered on rising labor costs in markets such as China as the key driver of re-shoring back to the U.S. However, a new PricewaterhouseCoopers US report, “A Homecoming for U.S.
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Costs pushing US metal, chemical makers homeward: study
Reuters
It found that shifts in labor and transportation costs meant that in 2010, using the most recent data available, it was 2.1 percent cheaper to make and sell a steel pipe in the United States than to manufacture it in China and ship it. That was a
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