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U.S. China News 2012.10.03

Thu, October 4, 2012

Woes deepen in Europe and China; US the bright spot
Reuters
Growth in the United States has been stronger than elsewhere, yet the world’s largest economy remains mired with high unemployment and uncertainty about taxes and government spending next year. Europe’s crisis and China’s slowdown have already
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The ChinaUS firmament
Muckety
By Laurie Bennett. October 3, 2012 at 10:54am. American relations with China moved to the forefront of the presidential campaign this week, after a Chinese company sued President Obama for blocking a proposed Oregon wind farm as a security risk.
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Oil falls amid concerns about global economy
U.S. News & World Report
China is the world’s second largest economy and a huge importer of commodities like oil. Slower growth in that country could cut demand for oil. The disappointing news is overshadowing signs of improvement in U.S. service companies, which employ nearly
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US Stocks Rise as Service, Jobs Data Offset China
Businessweek
U.S. stocks rose, after the Standard & Poor’s 500 Index’s first back-to-back gains in two weeks, as better-than-forecast growth in American employment and service industries offset concern about China’s economy. PulteGroup Inc. (PHM) led homebuilders
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Oil Falls to Four-Day Low as U.S. Supply Increases, China Slows
San Francisco Chronicle
Oct. 3 (Bloomberg) — Oil fell to its lowest in four days after U.S. crude stockpiles climbed for a fourth week and a measure of China’s economy declined, signaling fuel demand may be faltering in the world’s biggest users of the commodity. Futures
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US Stocks Edge Higher After Upbeat Jobs, Service-Sector Data
Wall Street Journal
NEW YORK–U.S. stocks edged higher Wednesday as sluggish readings on the service sectors of Europe and China offset better-than-expected reports on the domestic economy. The Dow Jones Industrial Average added 16 points, or 0.1%, to 13499 in
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Theft of trade secrets worsening in ChinaUS business
Reuters India
WASHINGTON (Reuters) – Chinese theft of valuable U.S. trade secrets, much via sophisticated cyber-attacks, is becoming a much more serious problem, U.S. industry officials said on Wednesday. “This matter requires more attention,” Jeremy Waterman, head
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WTO chief downplays ChinaUS trade imbalance
China Daily
With the changing nature of global trade, a new way to measure bilateral trade balances will see China’s surplus with the United States reduced by half, said World Trade Organization Director-General Pascal Lamy on Monday. In today’s world, high-tech
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SolarWorld Says China’s Unfair Subsidies Warrant Import Penalty
Businessweek
U.S. solar-energy manufacturers led by SolarWorld AG (SWV) said they were forced to close plants and lay off workers because of unfair Chinese government policies, as they tried to persuade regulators that the U.S. should continue to impose penalties
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Analysis: China’s currency foray augurs geopolitical strains
Reuters
BAHRAIN (Reuters) – “It’s our currency and your problem,” U.S. Treasury Secretary John Connally famously said of the dollar in 1971. More than 40 years later, China is doing something about it. Fed up with what it sees as Washington’s malign neglect of
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Wall Street up as data show economy still growing
Reuters
NEW YORK (Reuters) – Stocks advanced on Wednesday after stronger-than-expected employment and service-sector data in the United States, but a gloomier outlook in China and Europe weighed on commodity prices and hit energy and materials shares.
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US Morning Call: China PMI falls; Schulze pursues Best Buy
Reuters
Loading… Published on Oct 3, 2012 by ReutersVideo. Oct 3 – China’s normally robust services sector weakened sharply in September to its lowest point since November 2010; and founder Richard Schulze continues his pursuit of the beleaguered Best Buy.
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US Stocks Advances as Treasuries Erase Gain; Oil Falls
Businessweek
U.S. stocks rose and Treasuries erased early gains as data showed better-than-forecast growth in payrolls and service industries, offsetting concern over China’s economy. Commodities fell as the dollar strengthened. The Standard & Poor’s 500 Index
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Canadian Dollar Falls Versus US Peer as Data Damp Risk Demand
Businessweek
Canada’s dollar fell to its lowest level in almost a month against its U.S. counterpart as a slump in Chinese non-manufacturing industrial growth offset a private report showing U.S. employers hired more workers than forecast. The currency weakened for
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US China Policy: Campaign Issue not Punching Bag
Forbes
These days China hating in the United States takes a backseat in popularity only to China bashing in the presidential campaign. You can’t turn the television on without running into another cynical ad attacking China for its trade and currency policies.
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Copper falls as weak Europe, China data raises demand fears
Reuters
LONDON (Reuters) – Copper slipped on Wednesday, ending four days of gains, as weak data from Europe and China reinforced concerns about the outlook for industrial metal demand despite recent efforts by central banks to stimulate economic growth.
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Global markets: Wall Street gains on US data; oil slumps $3
Reuters
NEW YORK (Reuters) – U.S. stocks edged higher in volatile trade on Wednesday, helped by better-than-expected news on the U.S. economy, while oil prices slumped roughly 3 percent as signs of a slowdown in China stoked worries about demand for crude.
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Lenovo bucks trend with decision to manufacture in US [The News & Observer
Businessweek
But even such a small manufacturing footprint represents a gamble for the Chinese-based company given that virtually all of the PCs sold in this country, including those made by U.S. companies such as Hewlett Packard and Dell, are now made elsewhere.
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TREASURIES-US bonds firm on weak China data
Reuters
LONDON Oct 3 (Reuters) – U.S. Treasury prices pushed higher on Wednesday after a survey showed that China’s services sector weakened sharply last month, reinforcing investor concerns about global economic growth. * Concerns about when Spain would
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Canada Stocks Little Changed as China Offsets US Economic Data
Businessweek
Canadian stocks were little changed as a slump in Chinese non-manufacturing industrial growth offset better-than-estimated reports on U.S. employment and services industries. Africa Oil Corp. (AOI) rose 1 percent after Marathon Oil Corp. (MRO) agreed
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Isolated Taiwan to get wider global reach with US visa waivers
Christian Science Monitor
The visa waiver decision comes in spite of efforts by China, which has considered Taiwan part of its territory since the Chinese civil war of the 1940s and does not have a US visa waiver. China has used its diplomatic clout, backed by its huge economy
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Strategic Horizons: Like It or Not, US Cannot Control China Relationship
World Politics Review
No bilateral relationship is likely to have a more significant impact on U.S. security than America’s relationship with China. How relations between Washington and Beijing will evolve as China becomes increasingly powerful and assertive remains uncertain.
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Distracted and maybe tougher China defers North Korean leader’s trip: sources
Reuters
Xi, the incumbent vice president, was recuperating from a bad back and out of the public eye for almost two weeks last month, skipping meetings with foreign dignitaries, including U.S. Secretary of State Hillary Clinton. Another distraction was anti
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Stick with China, US: Howard
WA today
Australia should maximise its links between both China and the United States as there was no need to choose between them, says former prime minister John Howard. ”China is our biggest customer, the United States is our biggest ally,” he said last
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NORTH SHORE BOOK NOTES: ‘When America First Met China
Wicked Local
According to Dolin, the goal of “When America First Met China” was to tell the story of how America met China and detail their relationship, especially with regard to trade. Within this story readers will find a rousing tale of American ingenuity
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US Casinos Won’t Get Macau Licenses, Caesars CEO Says
Businessweek
Caesars, the largest owner of U.S. casinos, was shut out a decade ago when the Chinese government opened the Macau market to foreign companies. Six operators, including U.S.-based Las Vegas Sands Corp., MGM Resorts International (MGM) and Wynn
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Can China Become an Innovation Superpower? Join Us for a Future Tense Event.
Slate Magazine (blog)
U.S. election-year rhetoric presupposes that China’s economic might knows no boundaries and that it poses a threat to America. But though China is a manufacturing giant, the country is not known for its innovation—and some experts doubt that that can
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Are Obama and Romney raising the right issues on China?
MarketWatch (blog)
Andy Rothman, China macro strategist at CLSA, says that under U.S. law at present, calling Beijing a “currency manipulator” would simply require the secretary of the treasury to act by starting talks, in the International Monetary Fund or directly with
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Thomas L. Friedman: China needs its own dream
San Jose Mercury News
“Success in the ‘American Dream,'” notes Peggy Liu, the founder of the Joint U.S.China Collaboration on Clean Energy, or Juccce, “used to just mean a house, a family of four and two cars, but now it’s escalated to conspicuous consumption as epitomized
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RPT-US STOCKS SNAPSHOT-Wall Street drops on China concerns
Reuters
NEW YORK Oct 3 (Reuters) – U.S. stocks fell on Wednesday as better-than-expected service sector and employment data in the United States were offset by concerns about a slowdown in the Chinese economy that weighed on materials and energy shares.
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ADB cuts Asia growth estimates, still sees China soft landing
Reuters
MANILA (Reuters) – The Asian Development Bank cut most of its 2012 and 2013 growth estimates for developing Asia on Wednesday as a slump in global demand weighs on the region’s powerhouses China and India and on its other export-dependent
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US eyes China, Brazil & India to boost its tourism sector
Moneycontrol.com
US eyes China, Brazil & India to boost its tourism sector. The US has stepped up its effort to attract more foreign tourists, in particular those from countries like India, China and Brazil, with Secretary of State Hillary Clinton emphasising on the
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US STOCKS-Wall Street ticks higher after data in choppy trading
Reuters
Stocks oscillated between gains and losses as hopes that Spain will eventually request a bailout were offset by concern over China’s slowing economy. Data showed growth in the U.S. services sector picked up in September, defying economists
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China’s Mercantilist Subsidies
Wall Street Journal
So after 2006, the EU, the U.S. and other countries stopped questioning and began appealing for countervailing measures. This forced China’s hand, leading it to modify its corporate tax law in January 2008, ending the preferential treatment of pure
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China Gov Investors Wondering When Is QE4 Coming?
Forbes
The rallying cry of Disney superhero, Mr. Incredible. The Chairman of the China Investment Corporation, the country’s sovereign wealth fund, wonders whether QE3 will lead to a QE4 and laments what that ultimately means for, and about, the U.S. economy.
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Museum lifts wraps on China dissent’s first big US show
AFP
Loading… Published on Oct 2, 2012 by AFP. One of the Washington’s biggest art museums lifted the wraps Tuesday on the first North American survey of the work of Ai Weiwei, with the Chinese dissident artist conspicuous by his absence.Duration: 00:42
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US audit watchdog sees China crunch time in 2013
Economic Times
LONDON: China-based accountants could be barred from checking the books of firms listed in the United States if a deal is not reached next year allowing US regulators to inspect them, the US audit policeman said on Wednesday. The Public Company
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China’s Afghan Moment – By Andrew Small
Foreign Policy
But the late September visit by security chief Zhou Yongkang, the first by a senior Chinese leader in almost five decades, is the most visible sign that the U.S. 2014 withdrawal date is bringing that spectator status to an end. As the United States
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US STOCKS SNAPSHOT-Wall Street drops on China concerns
Reuters
Sponsored Links. US STOCKS SNAPSHOT-Wall Street drops on China concerns. Tweet · Share this · Email · Print. Related News. Wall Street drops on China concerns. 10:46am EDT. China services PMI falls to lowest in nearly two years. 3:53am EDT
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Talk of the Day — US armada converges near disputed islets
Focus Taiwan News Channel
The reports cited an article posted on the website of the U.S. weekly TIME Sept.30 as saying that two aircraft carrier battle groups and a Marine Corps air-ground task force have begun operating in the East China Sea and the South China Sea, where
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US is not trying to contain China in Asia Pacific’
Zee News
`US is not trying to contain China in Asia Pacific` Washington: The US wants to build a healthy, transparent and sustainable relationship with China, and this is one of the main reasons for rebalancing the defence posture in the Asia Pacific region, a
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Australia’s trade deficit widens to US$2 bn
Outcome Magazine (blog)
trade deficit widens to US$2 bn. By AFP. 10/03/2012 Australia’s trade deficit blew out to more than US$2 billion in August, data showed Wednesday, with exports diving as China’s slowdown hit the key mining sector, increasing pressure on the economy.
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US STOCKS-Futures flat ahead of labor, services data
Reuters
NEW YORK Oct 3 (Reuters) – U.S. stock index futures were little changed Wednesday as expectations that Spain will request a bailout offset concern over a slowing Chinese economy, with modest volume indicating a pause ahead of the release of key U.S.
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Coated Fabrics Market in US & China Analyzed with 2016 Forecasts in New
The Herald | HeraldOnline.com
“Coated Fabrics to 2016” focuses on the United States coated fabric industry where as “Chinese Markets for Coated Fabrics” is available at 50% Discount for limited period and covers long-term forecasts through 2016 and 2021 with major China producers
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The Empire Trapped: The US‘ Unpromising Role in the New Middle East
Toward Freedom
Li clearly saw his country’s foreign policy in light of US global military adventures, geopolitical advances and setbacks. No other country seemed to matter. It was a competition and China was determined to win. A few months later, upheaval struck the
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India, China more expensive than US to hire engineering talent: Intel CEO
Business Today
“The cost of hiring for those with four-six years of experience is the same in US compared to India-China. For first and second line managers, the cost exceeds that of the US,” he said. “There is an opportunity to create jobs in the US.” Otellini is
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Baidu.Com Seeks to End Suit by Chinese American Writers
Businessweek
Baidu Inc., (BIDU) owner of China’s most popular search engine, asked a U.S. court to dismiss a lawsuit by Chinese-Americans who said the Internet company “censored” their articles on the pro-democracy movement in China. Baidu, in its first legal
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