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U.S. China News 2012.09.27

Thu, September 27, 2012

METALS-Copper rises on China demand hopes, euro zone a dampener
Reuters
Investors eye key China, U.S. data next week * Spain to announce budget cuts, economic reforms * Weak orders point to sharp slowdown in US manufacturing By Harpreet Bhal LONDON, Sept 27 (Reuters) – Copper rose on Thursday, on prospects that
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Thein Sein’s ChinaUS balancing act
Pakistan Daily Times
One of China’s goals is to restart the controversial US$ 3.7 billion Myitsone dam project in Kachin State, which Thein Sein postponed last year after strong domestic opposition. Backstage discussions have been underway. Chinese officials have been
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US STOCKS-Wall Street inches up on China, but US data weighs
Reuters
GDP weaker than expected, jobless claims fall. * China measures could support cyclical shares. * Discover rallies on results, HP falls on downgrade. * Investors await Spain’s budget as riots continue. * Indexes up: Dow 0.3 pct, S&P 0.3 pct, Nasdaq 0.2
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US STOCKS-Wall Street steady on China, mixed US data
Reuters
NEW YORK, Sept 27 (Reuters) – U.S. stocks eked modest gains on Thursday, putting the S&P 500 on track to snap a five-day retreat, as hopes the Chinese government would take steps to bolster the giant Asian economy overshadowed a mixed bag of U.S.
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US Chamber Opposes Romney Vow to Punish China on Currency
Businessweek
The U.S. Chamber of Commerce, the largest business lobbying organization, opposes Mitt Romney’s pledge to designate China as a currency manipulator if he is elected president, the group’s chief operating officer said. “Picking fights with trading
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TREASURIES-US bond prices slip as China leads share rally
Reuters
LONDON, Sept 27 (Reuters) – U.S. Treasuries retreated on Thursday as Asian and European equities rallied on speculation that China could launch more stimulus, prompting some investors to book profits in safe-haven bonds after the past week’s rally.
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US lawmakers want loophole closed in tariffs imposed on Chinese solar panels
Platts
Eight members of Congress on Thursday urged the US Department of Commerce to close a loophole in its tariffs on Chinese solar panels that allows Chinese manufacturers to skirt the penalties by simply outsourcing the production of photovoltaic cells.
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Here’s What Romney And Obama REALLY Plan To Do About China
Business Insider
The reality is that most voters probably don’t understand the complicated economic relationship between the U.S. and China. Both candidates are betting that the fear card — “My opponent wants to ship your job to China” — will play well in a
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China Stock Futures Rise on Prospect of Market Support Measures
San Francisco Chronicle
The Hang Seng China Enterprises Index of Chinese companies traded in Hong Kong retreated 1.2 percent yesterday. The Bloomberg ChinaUS 55 Index, the measure of the most-traded U.S.-listed Chinese companies, fell 0.6 percent in New York.
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China’s CNOOC confident on Nexen deal after Canada talks: sources
Reuters
But industry watchers expect that Harper will support the deal, given his efforts to court China as a major investor in Canada and his eagerness to diversify energy exports away from the United States, and that the federal government will fall in line
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U.S. Company Credit Swaps Fall on China Market Support Prospect
Bloomberg
A gauge of U.S corporate credit risk dropped by the most in in almost two weeks amid speculation that China‘s government plans new measures to boost the economy. The Markit CDX North America Investment Grade Index, a credit-default swaps benchmark
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China’s biggest steelmaker shuts mill
U.S. News & World Report
Baosteel Group’s announcement adds to a drumbeat of bad news including a decline in trade and corporate profits despite two interest rate cuts and higher government spending on public works construction. Growth fell to a three-year low in the latest
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GE Engine in China Didn’t Fail From Same Cause as US Incident
Bloomberg
The U.S. National Transportation Safety Board, which is assisting the Civil Aviation Administration of China’s investigation, said in an e-mailed release that the GEnx engine on a Boeing Co. (BA) 747-8 failed in Shanghai for different, as yet
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Zambian to Adjudicate on China, US, EU & Japan ” Rare Earths” Trade Dispute
Lusaka Times
The panel has been constituted at the request of the US, EU and Japan. The three parties have complained to the WTO that china’s measures on export of rare earths, tungsten and molybdenum increase the burden and cost of export and constitute a
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Oil Rises on China Stimulus Speculation and Spain Budget
Businessweek
Oil advanced from an eight-week low on speculation China’s government will bolster stimulus efforts and as Spain approved a 2013 austerity budget. Futures gained as much as 2.6 percent and equities gained on signals China will announce measures to
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China’s Taobao makes big push to shed US ‘notorious’ label
Reuters
WASHINGTON, Sept 26 (Reuters) – China’s largest e-commerce company, Alibaba Group, has won support from the U.S. movie industry in its campaign to persuade the Obama administration to drop its Taobao.com website from a U.S. list of “notorious
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China, US Treasury official to discuss economy
China Daily
Comments() Print Mail Large Medium Small 分享按钮 0. WASHINGTON — US Treasury Department on Wednesday announced that Under Secretary for International Affairs Lael Brainard was scheduled to visit China this week on economic discussions.
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TSX Up On China Hopes; US Data Weigh – Canadian Commentary
NASDAQ
(RTTNews.com) – After falling in the past five straight sessions, Canadian stocks were hovering in the positive territory Thursday morning as commodities halted their slide amid speculation that China’s central bank will ease monetary policy next week
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First Solar names executive to help grow in China
Reuters
O) appointed Bruce Yung as managing director of business development for China as the largest U.S. solar panel maker looks to expand in the country. China is looking to aggressively scale up its solar market. The country last month hiked its 2015
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Japan and the US: It’s Time to Rethink Your Relationship
The Atlantic
The U.S.-Japan alliance is credited with nipping a resurgent Japanese militarism in the bud, providing a backbone of stability for postwar Asia, and giving the United States a base from which to confront China, Russia, and its satellites. Today, Japan
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Romney fundraiser planned Thursday in Hong Kong
CBS News
WASHINGTON — Supporters of Republican presidential candidate Mitt Romney plan a campaign fundraiser for him Thursday in Hong Kong, where U.S. business interests intersect with China’s growing influence as a world financial superpower.
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Inside The Anti-Japanese Protests in China
CounterPunch
They’ve drawn far less attention in the U.S. media than the wave of anti-U.S. protests throughout the Islamic world responding to the infamous online anti-Muslim movie trailer. But the anti-Japanese protests in China might have more enduring significance.
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US convicts Chinese man in military trade secrets case
China Post
US convicts Chinese man in military trade secrets case. NEWARK, New Jersey — A man who worked for a U.S. defense contractor was found guilty on Wednesday of taking military trade secrets from his employer and presenting them in his native China.
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US STOCKS SNAPSHOT – Wall St rises on China but US data weighs
Reuters
NEW YORK, Sept 27 (Reuters) – U.S. stocks rose modestly at the open on Thursday after weak data reflected sluggish U.S. economic growth and dented optimism China would take steps to bolster its economy. The Dow Jones industrial average gained 41.13
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China and US partner against smoking
Global Times
On September 7, the ChinaUS Smoke-free Workplace Initiative, a public-private partnership that represents the next cooperative effort on tobacco control between the US and China, was launched in Beijing. The new initiative aims to expand the number of
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TIA: free trade, open markets best for US, China
Modern Tire Dealer
According to the Peterson Institute for International Economics, 1,200 American jobs were saved as a result of the Chinese tire tariffs. However, that tariff mostly benefited other tire exporting countries first and American manufacturers second on the
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Fact Check: Romney Ad Takes Obama to Task Over China
KLAS-TV
It doesn’t have to be this way if Obama would stand up to China. China is stealing American ideas and technology. Everything from computers to fighter jets. Seven times Obama could have taken action. Seven times he said ‘no.’ His policies cost us 2
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Chinese dissident artist Ai Weiwei loses tax evasion appeal
CNN
(CNN) — Chinese dissident artist Ai Weiwei lost his second and final appeal against tax evasion charges in a Beijing intermediate court Thursday, leaving him liable for back taxes and fines totaling RMB 15.52 million (US$ 2.4 million). The court
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China’s love of U.S. pecans continues, driving prices higher
TheGrower
China has increased imports of U.S. pecans to 80 million pounds in 2009 from just 2.9 million pounds in 2005, according to a news release. To put that in perspective, China’s purchases could gobble up Texas’ entire pecan crop during a good year.
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Wall Street inches up on China, but US data weighs
Chicago Tribune
The advance came on hopes the Chinese government would take steps to bolster the country’s slowing growth, and as U.S. jobless claims fell a lot more than expected in the latest week. Cyclical sectors like energy and financials, which are tied to the
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China ship sails to Atlantic and back, via Arctic
KCAU
U.S. Sens. Charles Schumer of New York and Barbara Boxer of California say five major rental car companies have agreed to stop leasing and selling vehicles under safety recalls.More>>. U.S. Sens. Charles Schumer of New York and Barbara Boxer of
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EMERGING MARKETS-Latam stocks up on China; banks weigh on Bovespa
Reuters
Optimism that China would soon take steps to boost economic growth led the Bovespa higher at the open, but traders pulled back soon after data from the United States showed a mixed outlook for the world’s largest economy. “There was some talk that
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TSX advances on China central bank move, ahead of RIM earnings
Proactive Investors USA & Canada
Toronto’s main market rose Thursday on news that the central bank of China injected a net US$58 billion into money markets this week, despite a mixed bag of US economic data and Spain’s 2013 budget release that focused on spending cuts rather than tax
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China re-enacts Hudson river-landing
TwoCircles.net
Beijing: China simulated the 2009 landing of an aircraft in Hudson river in the US, using a full-scale model and rescuing 150 ‘passengers’ in the country’s first search and rescue exercise involving a civil aircraft, a media report said. The rescue
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US ‘pivots’ on the Philippines
Asia Times Online
While the Philippines’ decrepit and under-equipped armed forces subsists on annual expenditures of around US$1.5 billion (ranking 59th in the world), China is the world’s second-largest military spender with a scheduled annual budget of $129 billion in
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Former PM Malcolm Fraser’s speech on China and US puts him out on ‘the fringe’
The Australian
FORMER prime minister Malcolm Fraser is now under fire from both sides of politics for a speech in which he warned of the “major danger” that the United States may start a war against China, and said that some parts of Australia could “easily” be
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On Eve of UN Speech, is Prime Minister Netanyahu Looking Towards China?
Algemeiner
The positioning of the China book could also be interpreted to be sending the United States a message about Israel’s loyalty to America, and calling for the U.S. to return the favor in the Jewish State’s hour of need. On more than one occasion Israel
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Insight: As cotton surged, China trader amassed $510 million bet
Reuters UK
NEW YORK (Reuters) – A landmark U.S. fine for excessive speculation in the benchmark cotton futures market has revealed a startling new dimension to last year’s blistering winter price rally: the biggest bull was a Chinese trader with a $510 million punt.
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Chinese Spaceplane: Chimera Or Object Lesson In Threat Analysis?
AOL Defense
This is especially true when discussing China’s space programs. Given the dual-use nature of the overwhelming amount of space technology, as well as the competitive character of U.S.China relations, technical information can easily be misinterpreted
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In Brooklyn, exporting U.S. made goods to China
SmartPlanet.com (blog)
In Brooklyn, a seemingly modest plumbing fixture company is thriving post recession by exporting its American-made products to China. Jim Dwyer reports for the New York Times that the gap in production costs between the U.S. and China is getting
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Republican extremes threaten Sino-US ties
Asia Times Online
What is known is that to get this far, Romney has had to move further toward political extremes on such issues as China, Iran, the Middle East in general, and the role of government in American life. If he loses, the Republican Party is likely to
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Chinese-Japanese Senkaku Island Dispute – Vital U.S. Strategic Interest or Not?
OilPrice.com
Further complicating the diplomatic picture, the Senkakus, which China calls the “Diaoyu” islands are claimed by yet another U.S. Pacific ally, Taiwan, which refers to them as the “Tiaoyu” islets. Campbell was only reiterating what U.S. Secretary of
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Futures Higher Amid China, Domestic Data; Sealy (ZZ) Gains
iStockAnalyst
(By Balachander) U.S stock-index futures pointed to higher open on the Wall Street amid expectations that China central bank may launch new stimulus measures to spur growth. Mini Dow Industrial Average futures rose 59 points to 13,404. The Nasdaq
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Romney Has a Jobs Plan … for China
Truthdig
Iowa and Wisconsin, they traveled to a Romney rally and appealed directly to him there (Ironically, for appealing to Romney to save their jobs from being sent to China, the Sensata workers were jeered as communists at the rally, and removed by U.S
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