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U.S. China News 2012.10.02

Tue, October 2, 2012

China’s US$60 Million Mega Ministerial Complex for Liberia – a Gift Beyond
AllAfrica.com
Notable among these Chinese investments in Liberia was the signing in 2009 of a US$2.6 Billion Concession Agreement, the highest ever in the history of Liberia, for the mining of Iron Ore. Remarkably though, on September 11, 2012, the Government of the
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US allows visa-free travel for Taiwanese
Huffington Post
Coming during a U.S. election campaign where both presidential candidates are keen to show they are tough on China, the announcement could be timed to demonstrate the Obama administration is sticking up for self-governing Taiwan, an island China
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US Policies And Economic Doldrums Fuel Chinese Energy and Tech Grabs
Forbes
Government regulatory actions, a weakening dollar, and an ailing economy, are providing bargain asset shopping opportunities for Chinese investors. While such investments may sometimes offer companies life-saving bail-outs and can afford means to
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Obama’s misguided China slap down
CNN (blog)
According to Rhodium, U.S. affiliates of Chinese-owned companies had 27,000 employees in 2011, up from just 10,000 five years ago. If the current pace continues, Chinese investment would likely create 200,000 to 400,000 U.S. jobs by 2020.
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Chinese-Owned Company Sues Obama Over Wind Farm Project
Businessweek
Ralls Corp., a Delaware-based company owned by two executives of China’s biggest machinery manufacturer, added the president yesterday to a lawsuit filed Sept. 12 that challenged a ruling by the Committee on Foreign Investment in the U.S., known as
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Europe must fix itself before Chinese aid: CIC
Reuters
The health of the Chinese economy, which is expected to grow by 7.5 percent this year and which holds some $1.2 trillion in U.S. Treasuries, depends on how the U.S. economy performs, Jin said. “We would be very much sensitive to reducing the value of
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China Says US Missile Defense “Destabilizing”
Heritage.org (blog)
The Obama Administration is right to cooperate with Japan in this way but wrong to emphatically assure China that the radar won’t diminish the ability of China’s missiles to hit U.S. ships. It is similarly wrong to assure Russia in the context of
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How America Can Beat China’s State Capitalism
Businessweek
With the rise of China as an economy, a question hangs in the air: Can America beat state capitalism? The evidence is not encouraging. The U.S. has lost millions of jobs to the Chinese. It will lose millions more if China, as it proposes, turns itself
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METALS-Copper slips after 3 days of gains, US data cushions
Reuters
LME copper volumes very low, turnover less than 1,000 lots * China on holiday this week, ShFE closed * Coming up; US ISM New York business activity index at 1345 GMT (Adds detail, updates prices) By Melanie Burton SINGAPORE, Oct 2 (Reuters)
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GLOBAL MARKETS-Shares, euro rise as US factory data soothes; RBA cuts rates
Reuters
South Korean shares edged 0.2 percent higher. Markets in China, Hong Kong and India were closed for holidays. Japan’s Nikkei stock average was up 0.2 percent, recovering from a three-week low hit on Monday. U.S. manufacturing grew last month for the
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Why Do Brazil, China, and India Get All the Entrepreneurs These Days?
The Atlantic
Vivek Wadhwa is an Indian-American academic and entrepreneur whose new book, The Immigrant Exodus: Why America is Losing the Global Race to Capture Entrepreneurial Talent, comes out today. He spoke to Quartz about his critique of American
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China’s Hanergy to buy US solar startup Miasole: source
Reuters
a U.S. solar startup being rescued by a larger Asian industrial manufacturer. In the last year, solar companies HelioVolt and Ascent Solar Technologies Inc (ASTI.O) have sold stakes to South Korean conglomerate SK Group and China’s TFG Radiant
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Mosaic Says China Potash Contract May Not Come This Year
Businessweek
Mosaic, the largest U.S. potash producer, cut output in the quarter ended Aug. 31 because of “soft” demand in India and China, it said today in its fiscal first-quarter earnings statement. Mosaic and its biggest North American competitors, Potash Corp
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UPDATE 1-WTO chief says Doha rescue in US, China’s hands
Reuters
US says WTO can’t fix problems without acknowledging them. * Lamy says WTO effective, even if trade talks disappointing. * WTO chief asks experts to recommend future path for WTO. By Doug Palmer. WASHINGTON, Oct 1 (Reuters) – World Trade
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China & Russia Allied Against NWO
American Free Press
Internationally, Russia and China have many common interests, such as opposing regime change in Syria, the North Atlantic Treaty Organization missile shield in Eastern Europe and the encirclement of the two allies by the U.S. On disarmament, terrorism,
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China Investment Federation Establishes First US Office at 40 Wall St.
GlobeSt.com
Celebrating the opening of its first US office in conjunction with China National Day, the China Investment Federation cut the ribbon on its new 10,000-square-foot space on the 52nd floor of 40 Wall St. on Monday morning. Company officials and members
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Australia should encourage USChina cooperation
ABC Online
In the inaugural John Downer Lecture in Adelaide, former prime minister John Howard said arguments about rivalry and potential conflict between China and the US are muddled and Australia should encourage cooperation between the two countries.
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China, International Law, and Cyberspace
Council on Foreign Relations (blog)
China appears to be both “at least one country” and among the “some” who think new treaties are necessary. Given Chinese concerns about the free flow of information, Beijing’s opposition to the U.S. position stems in part because the focus is too narrow.
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Oil Trades Near One-Week High as US Manufacturing Expands
Businessweek
Crude traded near its highest close in a week after a measure of U.S. manufacturing beat estimates and before a report forecast to show shrinking fuel inventories in the world’s biggest oil consumer. Futures were little changed in New York today after
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What’s Bringing US Jobs Back From Overseas?
Yahoo! News (blog)
The study shows that 40 percent of manufacturing firms believe there is an increased effort to move manufacturing plants back to the U.S. from countries such as China and India. In addition, 38 percent of the companies researched indicated that their
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US Steel Finds Some Relief With Labor Peace
DailyFinance
By comparison, the U.S. cranked out 86 million (a 6% annual gain), while the 27 European Union nations — No. 2 behind China — produced 177 million for a 12% increase. All told, China was responsible for just over 45% of the entire world’s production
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The Myth of Chinese Efficiency
TIME
Many people in the U.S. and Europe believe China is a model of modern transport and political effectiveness. They should try to live here. On the road to Beijing’s international airport the other day, I noticed dark clouds moving in on the horizon. My
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Japan, Australia Stock Futures Rise on US Manufacturing
Businessweek (blog)
Markets in China and Hong Kong are closed for a public holiday today. “Considering that manufacturing has been the one bright spot in the U.S. since the recovery began, it’s a bit of a relief,” said Prasad Patkar, portfolio manager who helps manage
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US Manufacturing Up, China Weak Before Current Metal Price Index Releases
MetalMiner
US Manufacturing Up, China Weak Before Current Metal Price Index Releases. by Taras Berezowsky on October 2, 2012. Style: Industry News Category: Macroeconomics, Manufacturing, Metal Prices. MetalMiner is leveraging current metal price data once
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China’s Lenovo to Manufacturer PCs in the US Next Year
Cleveland Leader
Chinese computer maker Lenovo Group Ltd. announced that it will begin manufacturing computers in North Carolina next years. According to Lenovo executives, this is not a one-off made in America publicity stunt, and is instead the start of something
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2.8 million – Estimated number of jobs lost to China between 2001 and 2010
CNN
Romney says the president has not been tough enough over what he contends are Beijing’s unfair trade practices, while Obama has pointed to Romney’s record in business with Chinese companies and their labor practices. Here’s a look at the U.S.
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St. Louis Among Top 9 US Cities Exporting To China
FOX2now.com
ST. LOUIS, MO (KTVI) – St. Louis is on a list of top exporters to China. According to the website 247wallst.com St. Louis is one of the top 9 US cities sending goods to the economic rising star. This is a drastic change compared to six years ago. In
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Gutierrez favors USChina dialogue
China Daily USA YouTube Channel
Carlos Gutierrez, who was president George W. Bush’s commerce secretary from 2005 to 2009, spoke to China Daily in New York about recent USChina trade disputes. Now vice chairman of Citigroup’s Institutional Clients Group, Gutierrez says more
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Issue brief: China
CBS News
In the aftermath of America’s 2011 credit-rating downgrade, the Chinese state-run news agency published a piece admonishing the U.S. to “live within its means” and explaining, “China, the largest creditor of the world’s sole superpower, has every right
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WTO chief says Doha rescue in US, China’s hands
Fox Business
Last month, U.S. Ambassador to the WTO Michael Punke told Washington lawmakers the WTO was “at a crossroads” because of its failure to reach a Doha agreement as well as the resistance of China, Brazil and India to the proposed services talks. “Our view
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John Howard backs Julia Gillard on China, marines
The Australian
Contradicting Paul Keating’s recent criticism of Labor’s current attitude towards China and the US and Coalition critics of Chinese investment, Mr Howard said he was “astonished” by remarks about China’s rise and said Chinese investment was vital to
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Western Union Sees Significant Increase in Use of Chinese Renminbi for
DailyFinance
“While the vast majority of the payments we send are still being made in U.S. dollars, in a very short period of time we have seen a surge in the number and value of payments companies are sending to China in Renminbi, particularly among small and
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Trade with China is huge
The Olympian
Exports to China have increased a whopping 230 percent since 2004, while imports flowing through the state’s ports on their way to other U.S. destinations have resulted in thousands of new jobs, according to a report by two pro-trade groups, the
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MOFA defends US absence at defence talks
China Post
The China Post–The absence of high-ranking U.S. officials at the ongoing Taiwan-U.S. Defense Industry Conference has nothing to do with the nation’s recent handling of a territorial dispute with Japan over the Diaoyutai Islands, Taiwan’s Defense
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Djokovic survives three-set match in China
UPI.com
Novak Djokovic, shown during the 2012 U.S. Open title match, posted a three-set, first-round win Tuesday at the China Open. UPI Photo/Monika Graff. License photo. Published: Oct. 2, 2012 at 12:57 PM. BEIJING, Oct. 2 (UPI) — Top-seeded Novak Djokovic
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Taiwan’s plastics industry looks at ‘reshoring’ from China
Plastics News
TAIPEI, TAIWAN (Oct. 2, 8:30 a.m. ET) — The United States isn’t the only place debating “reshoring” of manufacturing from China these days — Taiwan’s large plastics industry is also taking a hard look at whether rising costs in mainland China will
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China slides into pension black hole
China Post
The funding shortage is daunting: economists say it could blow out to a whopping US$10.8 trillion in the next 20 years from US$2.6 trillion in 2010, towering over China’s US$3 trillion onshore savings, the biggest hoard of domestic savings in the world.
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China, India consumer spending to triple by 2020: Study
TODAYonline
LONDON – Consumer spending in emerging market powerhouses China and India is expected to triple by 2020 to a combined US$10 trillion (S$12. 3 trillion) a year, potentially helping to boost economic growth and corporate profits in the developed world,
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Why Apple Has to Manufacture in China
blogs.hbr.org (blog)
Apple gets a lot of stick about manufacturing in China, and the issue came up again recently with the release of the iPhone 5. A recent article on the “Cult of Mac” contrasts Apple to Timbuk2, a US producer of traveler and messenger bags, that proudly
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Thein Sein’s trip boosts ties with US
China Daily
Myanmar President Thein Sein’s week-long visit to the United States, which ended on Sunday, opened a new chapter in the relation between the two countries. Thein Sein’s visit to the country from Sept 24 to 30, which was the first by a Myanmar leader in
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