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U.S. China News 2012.09.22

Sat, September 22, 2012

US audit watchdog in tentative deal to observe in China: official
Chicago Tribune
NEW YORK (Reuters) – U.S. authorities have reached a tentative agreement to observe official auditor inspections in China, moving a step closer to better oversight in that country, an official at a U.S. audit watchdog group said on Friday. The plan to
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China envoy warns Canada against politicizing Nexen deal
Reuters
TORONTO (Reuters) – China’s ambassador to Canada warned in remarks published on Saturday against allowing domestic politics to drive the Canadian government’s decision on whether to approve Chinese state-owned oil company CNOOC Ltd’s
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US Week Ahead: China fears haunt corporate America
Reuters
Alert icon. Sign in or sign up now! Alert icon. Loading… Published on Sep 21, 2012 by ReutersVideo. Sep 21 – Pay attention to Caterpillar’s outlook and Nike results for clues about how much the Chinese economic slowdown might costs U.S. companies.
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Amid rising tensions, US defense secretary visits China and Japan
World Socialist Web Site
US Secretary of Defense Leon Panetta’s trip to Japan and China this week has again highlighted the duplicitous and reckless character of American foreign policy. While appealing publicly to both countries to avoid conflict over the disputed Senkaku
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Reel China: A crash course in different storytelling traditions
Los Angeles Times
To secure permission to make his story about a Chinese American lawyer relocated to the country’s largest city, Hsia exchanged numerous screenplay drafts with China’s censors. The government’s film production arm, China Film, which co-produced the
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Myanmar president says democracy won’t change China friendship
Reuters
BEIJING (Reuters) – Myanmar’s transition to democracy will not change the country’s traditional friendship with China, Myanmar President Thein Sein was cited as telling Chinese Vice President Xi Jinping, amid concerns in China its neighbour could
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Obama’s Journey to Tougher Tack on a Rising China
Pittsburgh Post Gazette
WASHINGTON — President Obama’s patience with China had been fraying for months, and by November 2010 he was fed up. Meeting with President Hu Jintao in Seoul, South Korea, Mr. Obama warned that if China did not do more to curb North Korea’s
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Returned Vietnam diary gives son glimpse of father
USA TODAY
The high-level exchange of artifacts symbolized a joint desire for closer ties by the former enemies, who now share concerns over China’s rise. U.S. Marine Robert “Ira” Frazure took the diary from the chest of Son’s father, Vu Dinh Doan, in March 1966
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Mayes: US cautions against China-made pet treats
Lansing State Journal
The most recent plea came from Laura Donaldson of Grand Ledge, who said her toy poodle — Zoey — became extremely ill after getting hooked on sweet potato chicken wraps made in China. She said it took weeks of antibiotics, injected fluids and pills
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WHY IT MATTERS: Issues at stake in election
Huffington Post
Tensions now have spread to the automotive sector: The U.S. is seeking international rulings against Chinese subsidies for its auto and auto-parts exports and against Chinese duties on U.S. autos. Romney says he’ll get tougher on China’s trade violations.
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GM opens China test track in effort to remain market leader
Reuters
DETROIT (Reuters) – General Motors Co(GM.N) opened a new, large vehicle test track west of Shanghai on Saturday as part of its push to retain its leading market share in the world’s largest auto market. The No. 1 U.S. automaker and its joint venture
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US public, experts differ on China policies
GalesburgPlanet.com
With China a key foreign policy issue in the 2012 presidential contest, and both Barack Obama and Mitt Romney promising to “get tough” with the Asian power, the American public expresses both positive and negative views about China and U.S. policy
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India must get serious about China’s military modernization: US think-tank
Economic Times
WASHINGTON: India should “think seriously about the security challenges posed by China’s continuing military modernization”, a US think-tank has said. “At a time when India is compelled to think seriously about the security challenges posed by China’s
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China practiced Taiwan attack: US media
Taipei Times
A US newspaper is reporting that China earlier this month carried out a series of practice or “simulated” attacks targeting Taiwan. “The tests included multiple firings of short and medium-range ballistic missiles as well as land-attack cruise missiles
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Venezuela, China sign deal to develop gold mine
U.S. News & World Report
CARACAS, Venezuela (AP) — Chinese and Venezuelan officials signed an agreement Friday to jointly develop one of the world’s largest gold mines. The agreement to develop Las Cristinas gold mine was signed by officials of the Venezuelan government
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USChina Investment Week kicks off today in the Dallas area
Dallas Morning News (blog)
Today’s USChina Cross Border Private Investment Summit at Cowboys Stadium features more than 100 investment opportunities in U.S. cities and industry clusters. There, Texas Gov. Rick Perry, Wisconsin Gov. Scott Walker and Florida Gov. Rick Scott are
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26 Chinese students in US receive govt award
China Daily
WEST LAFAYETTE, The United States – Twenty-six Chinese students studying in US Midwest received the 2011 Chinese government Scholarship for Outstanding Self-financed Students Abroad on Friday in Purdue University. Three of whom won the special
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As U.S. government borrows, who lends?
Daily Comet
A year ago, when the U.S. government was borrowing huge amounts of money and paying very low interest rates to do it, critics scoffed that a lot of Treasury bonds were being purchased by China, and even more of them were ending up in the hands of the
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Heat rises in China-Japan islands row
Sydney Morning Herald
Analysts in Japan and the United States believe it was intended as a peacemaking gesture. But instead of sending a thank-you note, the Chinese leadership framed Mr Noda’s gesture as an unforgivable act of territorial aggression. Propaganda authorities
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The Case for Getting Much Tougher on China
U.S. News & World Report (blog)
It’s a sleeper issue in this year’s campaign, since the state of the economy is most voters’ biggest concern. But U.S. relations with China remain a touchy and even explosive matter, and China may have more to do with the stagnant U.S. economy than a
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United States blind to its own faults
China Daily
This was brought into sharp focus when protests against the United States erupted in Egypt and Libya last week, and the US Ambassador to Libya Christopher Stevens was killed. Anti-US The author, based in New York, is deputy editor of China Daily USA.
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The facts of the China-Japan dispute over the Diaoyutais
China Post
It is a pity that this is happening, especially when Chinese-Japanese economic ties have reached a new level since the end of last year with the two countries agreeing to use their respective currencies in their bilateral trade, instead of the U.S. dollar.
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US audit inspectors going to China as observers
Huffington Post
Lewis Ferguson, a member of the accounting board, said in a speech in Irvine, Calif., Friday that the U.S. and China have agreed to let inspectors observe each other’s examinations of accounting firms. That could eventually lead to joint U.S.Chinese
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US uses social media in effort to quell anger
China Daily
Frustrated that the US government’s message denouncing the film Innocence of Muslims is failing to be heard, the State Department is turning to social media and television ads to try to stem global protests. Leading the way, the US embassy in Islamabad
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Panetta Gives China Tips on How to Cripple America
FrontPage Magazine
Panetta said he told Chinese military leaders that the United States and China should engage in a dialogue on cyber warfare and intelligence gathering. He said the Chinese agreed. Will that come before or after the dialogues with Russia on its new
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US audit inspectors going to China as observers
The Associated Press
By The Associated Press – 1 minute ago. Amid charges of accounting irregularities against Chinese companies that trade in the U.S., an official says Chinese regulators will allow U.S. accounting inspectors to go to China as observers under a tentative
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China Mends Fences in Sea Dispute
Radio Free Asia
“But China has also asked the ASEAN states to do their part by reducing tensions and not conducting border incursions and creating a conducive environment for any future talks. They don’t want us to bring in third parties [the United States] over the
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China daycare center attacker considered suicide
WBOC TV 16
The use of drones in Pakistan normally brings to mind images of U.S. spy planes attacking tribal areas. But drones now are being used to capture a different kind of picture in the country – showing some of the…More. The use of drones in Pakistan
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Senate votes to shield US airlines from EU’s carbon scheme
Reuters
though China signed an agreement with Germany for 50 Airbus planes worth over $4 billion during Chancellor Angela Merkel’s visit to Beijing last month. The Senate bill gives the U.S. transportation secretary authority to stop U.S. airlines from
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U.S. and China in a race against demographics
Ct Post
But there is another factor involved, i.e. the rapid deceleration of China’s population growth rate from a stratospheric fertility rate of almost 6.0 in the mid-1960s. By that time, the post-WWII U.S. baby boom was over, and our fertility rate, which
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FP Passport: Foreign-policy enters the ad wars: The top 7 campaign spots this
Foreign Policy (blog)
So far, the Romney campaign hasn’t released an ad attacking Obama over the U.S. mission attacks, but it did release a spot shortly after the incidents denouncing the president for failing seven times to stop China’s “cheating” (code for labeling China
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News Summary: China eases access to 2 industries
Houston Chronicle
TIMING UNUSUAL: Christian Murck, president of the American Chamber of Commerce in China, said some of the measures were promised in talks with U.S. officials in May. Beijing doesn’t publicize many of its regulatory changes. DECLINING INVESTMENT:
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Palace hopes Phl-China ties will move forward
Philippine Star
On Wednesday, Xi told US Defense Secretary Leon Panetta that Japan must “rein in its behavior,” while Defense Minister Liang Guanglie said China reserved the right to take unspecified “further actions” over the issue. Chinese protesters gathered for
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The Week in China: Baidu’s Bad Week, Chinese Drop $7K Per US Visit and More
brandchannel.com
China is the second latest economy in the world, every significant brand’s future is impacted by its growth (or collapse!); but who’s got the time?! A weekly potpourri of ten reads that will make you look like a keen China observer during any
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Message to the Candidates: Talk China Policy not China Smack
Council on Foreign Relations (blog)
In one U.S. Presidential election after another, the media hype the specter of China as an issue of real policy import. It has been two decades, however, since China has been anything more than a blip on a Presidential debate television screen; and
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Fedex warning puts cloud over US stocks
China Post
The markets held tight to gains made at the end of last week on the Federal Reserve’s Sept. 13 announcement of a new QE3 monetary stimulus program. But the Fed’s promise of lower interest rates and faster growth was quickly trumped by Fedex, which
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Is Chinese economy sliding into dangerous position?
Xinhua
First, external demand for Chinese goods, which is closely linked to world economic cycles, will be further crippled by the ongoing eurozone debt crisis and the fragile economic recovery in developed countries, particularly with the United States
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Washington lifts ban on NZ naval ships
China Daily
By Dan De Luce in Auckland (China Daily). Print, Mail, Large Medium Small, 分享按钮, 0. The United States has lifted a ban that prevented New Zealand naval ships from visiting US ports or bases since the 1980s, Defense Secretary Leon Panetta said on
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News Summary: China eases access to 2 industries
WBRC
GREATER ACCESS: An American business group said Friday that China has eased restrictions on foreign companies in parts of its insurance, travel and delivery industries in an apparent effort to reverse a slide in investment from abroad. TIMING UNUSUAL:
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US Marines, GSDF ‘retake island’ in Guam drill
The Japan Times
The uninhabited islets in the East China Sea are controlled by Japan but claimed by China and Taiwan. Saturday’s drill on the U.S. territory and vacation spot in the Western Pacific, was the final part of a wider island-focused exercise combining
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US plans $1.4-billion arms package for Indonesia
Terra.com
Indonesia represents just part of an increasing U.S. emphasis on the Asia-Pacific region for national security planning as China presses its claims on disputed territory, notably in the South China Sea. The United States is also building Guam as a
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US Atty: Brooklyn Chinese Street Gang Members Arrested En Route To Home
CBS Local
U.S. Attorney Preet Bharara described the 35 defendants in this case as part of a highly organized, all-purpose gang based in the borough’s Chinatown. They’re accused of transporting narcotics from China, the proceeds from which they used to bring over
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