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U.S. China News 2012.09.14

Fri, September 14, 2012

China calls Romney’s accusations ‘as false as they are foolish’
Los Angeles Times
On Thursday, the Republican presidential candidate released a new ad on manufacturing jobs contending that “for the first time, China is beating us” and that President Obama has “failed to stop China’s cheating.” Campaigning in Virginia, Romney added:
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Japan Frets Over US Support In China Dispute
TIME
TOKYO – When the U.S. defense secretary arrives in Asia this weekend, his biggest challenge may not be convincing China that America will give its full support to longtime ally Japan in the escalating dispute over islands in the East China Sea. His
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China ex-police head to be tried for bribery, defection
USA TODAY
U.S. diplomats informed the British government about Wang’s allegations, prompting London to request a new investigation and forcing the Chinese leadership to dealing publicly with affairs it usually prefers to handle in secret. At her trial last month
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Home Depot closing last 7 China big box outlets
Los Angeles Times
Home Depot Inc., the U.S.-based home improvement retailer, said Friday it will close its remaining seven big box outlets in China and focus on Internet-based sales and specialty stores. Sellers of furniture, paint and other home-improvement products in
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Exclusive: China’s Xi recovering from bad back, could appear soon – sources
Reuters
BEIJING (Reuters) – China’s leader-in-waiting Xi Jinping could make a public appearance as early as Saturday as he recovers from a bad back, sources said, dispelling rumors about his health after he dropped out of sight at the start of this month. Xi
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SKorea regains old embassy in US, snipes at Japan
Seattle Post Intelligencer
Both are well-established and prosperous democracies that share U.S.-supported interests in countering the nuclear threat of North Korea and managing China’s rise as the region’s superpower. The U.S., which has tens of thousands of troops in both
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Computers in China Sold Pre-Installed With Malware: Microsoft
CNBC.com (blog)
The tech giant claims it discovered that retailers in China were selling computers that were installed with counterfeit Windows software and the fake software was corrupted with malware. Cybercriminals took advantage of unsecure supply chains to
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FG Gets US$1.1 Billion China Exim Loan for Rail, Airport Terminals
The Leading Aviation Industry Resource for News, Equipment and
The federal government, yesterday, signed an agreement for a $600 million facility with the China Exim Bank for two high-priority, high-impact projects expected to be completed by 2015. The two projects are the Abuja Light Rail which will cost $500
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Chinese-Owned Ralls Corp. Sues U.S. Over Wind-Farm Order
Bloomberg
A U.S. company owned by executives of China-based Sany Group Co. accused a Treasury-led national security panel in Washington in a lawsuit of barring it from wind-farm projects without explanation or proper legal process. Ralls Corp., a holding company
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NY cotton bounces up after US export sales to China
Reuters
(Repeats, adds dropped word) * Weekly export sales biggest in three months * Data reveals surprise China buying * Concerns about waning demand, record surplus weigh NEW YORK, Sept 13 (Reuters) – U.S. cotton futures bounced back up from below 73
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Philippines on frontline of USChina rivalry
Asia Times Online
As China fortifies its military and administrative hold on disputed islands in the Spratly Islands and other South China Sea territories, the Philippines is effectively reverting to its pre-1992 state of strategic affairs, an era when the US helped to
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China’s innocent role in the current explosive anti-American protests in the
eTurboNews
Today eTN received a number of emails from a Chengdu, China-based server with the IP address of 118.119.189.112. The emails appear to originate from email addresses in Brazil, Italy, the USA. I would venture to guess that it is likely these email
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Honeywell says Europe, China orders weaken in quarter
Reuters
Third-quarter U.S. orders better than expected. * CFO expects 2013 to be “a tough year”. Sept 14 (Reuters) – Honeywell International Inc has experienced weaker-than-expected order rates in Europe and China over the past few months, but believes both
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China to hold trial of ex-police chief on Tuesday
U.S. News & World Report
By GILLIAN WONG, Associated Press. BEIJING (AP) — A trial next week for a flamboyant former police chief marks the latest step by China’s leadership to contain the fallout from a messy political scandal that disgraced a senior politician and
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US envoy hopeful China will lower territorial tensions
GMA News
WASHINGTON — The US ambassador to China voiced hope Thursday that the Asian power was looking to ease tensions in the region after flare-ups in territorial rows with Southeast Asian nations and Japan. China’s leaders told US Secretary of State Hillary
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Business hits out on China ties
The Australian
TWO billionaire business leaders have lashed out at Australia’s handling of its relationship with China for allowing xenophobic debate about foreign investment, with Kerry Stokes saying Canberra had appeared to side with Washington over Beijing in
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Former Mexico president says US should expand partnership or face being left
Washington Post
PHOENIX — Former Mexican President Vicente Fox says the U.S. should expand its partnership with Mexico to promote business — or face being left behind by China’s emergence as the world’s superpower. Fox spoke Thursday morning at a news
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Chinese IPOs in US to recover
China Daily
BEIJING – Chinese companies will return to the US stock market despite a sharp decline of initial public offering (IPO) activities in recent months, but the recovery may not begin until the second quarter of next year, according to market analysts
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Hong Kong says risk of property bubble increases after US stimulus
Reuters
Chan reiterated that the Hong Kong government has no plan to change the Hong Kong dollar’s peg to the U.S. currency. Borrowing costs at near-record lows and a flood of buyers from mainland China have pushed up Hong Kong real estate prices and fuelled
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U.S. tech education lacks spark
Boston Herald
A new poll by computer manufacturer Dell examining the impact of technology in three countries finds that the United States lags woefully behind China. Dell released the study yesterday to coincide with a Technology in the Classroom Town Hall event it
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Ex-US Ambassador Helps Companies Break Into China
Businessweek
Frank Lavin is a guy with lots of guanxi—which loosely translated means “connections” in Chinese. The Ohio native has served as U.S. ambassador to Singapore, led trade negotiations with China while working at the U.S. Department of Commerce, and held
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Chinese Ministry of Commerce Officials to Visit SLC
Utah Pulse
On Monday September 24, WTC Utah, the Utah Governor’s Office of Economic Development and the Salt Lake Chamber will be host the Chinese Ministry of Commerce for a ChinaU.S. IPR Roundtable. Below is commentary from the US Department of
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Going still hard for US in Middle East
China Post
UNITED NATIONS — The killing of the American Ambassador to Libya John Christopher Stevens, along with three other American diplomats, the storming of the U.S. Embassy in Cairo, Egypt and the tearing down of the flag, replacing the stars and stripes
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US Sticks its Nose in Chinese-Canadian Energy Deal
24/7 Wall St.
The $15.1 billion offer from China’s state-controlled Cnooc Ltd. (NYSE: CEO) for Canadian-based Nexen Inc. (NYSE: NXY) is currently being reviewed by the Canadian government, with a decision expected by November. Cnooc said last week that it had also
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US defense chief prepares for Asia trip
China Daily
US Defense Secretary Leon Panetta will visit Japan days before landing in China later this month, as the two Asian countries continue to feud over territorial rights to the Diaoyu Islands. Although the islands are important for the US strategic “pivot
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China’s Huawei urges Australia not to discriminate on telco security
Reuters
CANBERRA (Reuters) – China’s Huawei Technologies Co Ltd, which was banned from tendering for work on Australia’s national broadband network, urged Australia not to discriminate against foreign communications companies. Huawei, the world’s largest
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GE jet-engine failure in China is second for model in US probe
The Seattle Times
GE jet-engine failure in China is second for model in U.S. probe. General Electric is investigating a second failure of its GEnx jet engine after a Boeing 747-8 freighter flown by AirBridgeCargo Airlines lost thrust during takeoff in Shanghai three
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As China Slows, Australia Feels the Pain
Businessweek
The last time Australia was mired in recession, Boris Yeltsin had yet to stand on a tank in Moscow, and the Clinton era hadn’t begun. In 1991, Australian trade with China was a modest A$3.6 billion (about the same in U.S. dollars). In the preceding
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China, France, US condole with fire victims’ families
Pakistan Daily Times
China, France, US condole with fire victims’ families. ISLAMABAD: China, France, and US have expressed their sympathies and condolence for the families of victims of fires in Karachi and Lahore. People’s Republic of China Ambassador Liu Jian called on
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Chinese juggernaut
Asia Times Online
There is a big, if underreported, reason for such little-noted visits: the US is scrambling to make up for lost time and opportunities in the wake of China’s ascent as a world power, and the battle for supremacy is being fought in far-flung but
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China: One Big Market… and a Still-Huge Opportunity
Investment U
Vacant space is filling rapidly in China. And, as hundreds of millions more people are expected to move from rural areas to the city, this won’t change any time soon. And unlike the U.S., where consumers bought homes with little or nothing down
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Solar tariffs could harm US firms, too
China Daily
The agency said it found that production of the panels was made artificially cheap compared to US-made panels, due to unfair subsidies from China’s government, resulting in “dumping” on the US market. The anti-dumping tariffs followed subsidy-fighting
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Panetta Heads to China as Territorial Disputes Simmer
Voice of America
PENTAGON — U.S. Defense Secretary Leon Panetta will be in China next week, on a visit aimed at easing mutual suspicions that have risen during territorial disputes in the South China Sea and China’s rapid military development. Panetta visited with U.S
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Why Australia Must Choose Between US and China
Wall Street Journal (India)
Australia’s role in maintaining peace and the South China Sea is increasingly coming into the spotlight … as it finds itself in a very uncomfortable position weights between the U S and China … joining me now is that Andy Critchlow from the flora
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A tale of two (China vs US) stimuli
Asia Times Online
Exhibit A is the great Chinese stimulus of 2008-09, a US$586 billion shot of infrastructure spending that, as a percentage of gross domestic product, dwarfed the US effort by a factor of four. The example of China has acquired heightened relevance as
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China to hold trial of ex-police chief on Tuesday
The Associated Press
BEIJING (AP) — A Chinese police chief whose flight to a U.S. consulate set off a messy political scandal will stand trial Tuesday on charges of attempted defection and bribery, as China’s leadership tries to wrap up the turbulent affair before new
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China model” tells win-win story in Africa: US scholar
Xinhua
14 (Xinhua) — China is trying to tell a win-win story amidst its new wave of aid and investment in Africa, a U.S. scholar says. In a recent interview with Xinhua, Professor Deborah Brautigam of Johns Hopkins University said some African countries
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China stocks rebound on QE3 launch, but analysts wary of inflation
Global Times
Chinese stock markets rallied Friday, after the US government unveiled new stimulus plans to boost the country’s economy. But experts expressed concerns over whether the moves can help deliver solid economic growth for the US and the world as a whole.
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Japan set to win extended waiver of US sanctions on Iran oil
Reuters
U.S. due to review Japan’s sanctions waiver this weekend. * Japan first among Asia’s top four buyers due for renewal. * Reviews for South Korea, India, China due in December. By Risa Maeda and Manash Goswami. SINGAPORE, Sept 14 (Reuters) – Japan
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