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U.S. China News 2012.10.05

Fri, October 5, 2012

Chinese Artist Ai Weiwei Gets Smithsonian Showcase
ABC News
Chinese artist Ai Weiwei, who helped design Beijing’s Olympic Stadium and has since drawn tough scrutiny for his political activism, is opening the first North American retrospective exhibition of his work in Washington. Ai, 55, is barred from leaving
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Think tanks hit by hackers from China, other nations
USA TODAY
2012 – American think tanks are key targets in a “furious wave of cyber-espionage” aimed at U.S. government and business by China and other countries, according to the chairman of the House Intelligence Committee. Rep. Mike Rogers, R-Mich., told USA
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UPDATE 8-Oil dips as weak global economy offsets rise in US jobs
Reuters
U.S. jobless rate falls to near four-year low. * Supportive U.S. data offset by weak China, Europe reports. * Turkey-Syria violence keeps supply concerns in play. * Coming up: CFTC positions data, 3:30 p.m. EDT Friday (Recasts, updates prices, market
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China-Japan conflict a US concern
San Francisco Chronicle
Yet, given the level of intensity escalating around the East China Sea island dispute between China and Japan – with both countries ramping up military presence at sea, engaging in violent protest, pulling out businesses and heckling U.S. diplomatic
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China Beating U.S. In VW Luxury Vehicles Market
Forbes
For Germany’s Volkwswagen Group, China has now surpassed the U.S. in sales of the auto makers luxury models. The day when the big multinationals look as much to, if not more to China is upon us. Buick is mostly in business because of China, the leading
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METALS-Copper steadies as US unemployment falls
Reuters
China’s appetite for metals however may be muted even when it returns to the market on Monday given prices are $100 higher this week, a trader in Singapore said, with a U.S. holiday on Monday also likely to keep trading quiet. In other metals, aluminum
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US Solar Industry Leaders Testify before ITC on Chinese Silicon PV Dumping
CleanTechnica
Leaders of companies with a stake in the US market for solar photovoltaic (PV) energy earlier this week testified before the US International Trade Commission (ITC) panel investigating whether or not China’s crystalline silicon PV exports to the US
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Romney ads: US can’t afford four more years of Obama
CNN (blog)
In the final ad, “Ohio Jobs,” Romney looks directly into the camera and vows to “stand up to China” in order to return manufacturing jobs to the United States. “Under President Obama, we’ve lost over half a million manufacturing jobs, and China has
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Global Logistic Properties gains from China’s online boom
Reuters
SINGAPORE (Reuters) – As consumer spending grows in China and more people turn to online shopping, warehouse operator Global Logistic Properties (GLP) is counting the benefits of the boom, even as exports in the world’s second-largest economy slow.
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Analysis: Investors opt for gold ahead of US “fiscal cliff”
Reuters
Much of the focus on fundamentals centers on demand from China, which uses 40 percent of the world’s copper and is the second biggest energy consumer after the United States. Caution about China has led Koen Straetmans at ING Investment
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Analysis: China slowdown could knock tech, materials earnings
Fox Business
NEW YORK – China was the world’s turbocharged engine of growth for years, and U.S. technology, energy and industrial companies fattened their profit margins even if business struggled in other areas. That’s changing now, and it is hurting those
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Lawmakers Questioning China-Made Military Boots
WLTX.com
“A recent news report highlighted an Air Force Master Sergeant who was twice issued boots made in China. When he asked how he could exchange them for American-made boots, he was told ‘good luck.'” In June, Air Force Times reported that Master Sgt.
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Soybeans Advance as Demand for U.S. Exports Surges, Led by China
Bloomberg
27, with China buying about 79 percent, the U.S. Department of Agriculture said yesterday. That’s the highest weekly sales for delivery in the current marketing year since November 2010, according to USDA data. The country is set to be the biggest
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China, trade and solar politics
EE Times
WASHINGTON – Not so long ago, China’s solar industry was at the top of the global renewable energy heap, knocking out millions of solar panels while steadily driving down their price – to the delight of U.S. consumers. For U.S. competitors, of course
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China’s new leader right man for times: Rudd
Sydney Morning Herald
CHINA’S incoming leader, Xi Jinping, is ”the man for the times” who will transform the Chinese economy and reach a new security accommodation with US President Barack Obama, says former prime minister Kevin Rudd. Mr Rudd, departing from the normal
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China and Taiwan: from enemies to frenemies
GlobalPost
Tsai says that US influence over the island will wane as China’s increases, assuming that the world’s second-largest economy continues to be politically stable and its economic growth rates remain high. “The DPP is directly or indirectly under
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China’s Latest Export: Journalists
Businessweek
Since Wang Guan arrived in the U.S. from Beijing in February, the correspondent for state-owned China Central Television embedded with the U.S. Navy and broadcast live from the Republican and Democratic conventions. “It’s exciting … to observe
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China unveils US$474M maritime fund with ASEAN amid territorial disputes
CTV News
MANILA, Philippines — Officials say China has offered a 3 billion yuan (US$474 million) maritime co-operation fund with the 10-member Association of Southeast Asian Nations, some of whose members have territorial disputes with Beijing. Vietnamese
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PwC global chair hoping for China audit resolution
Reuters
NEW YORK (Reuters) – The head of PricewaterhouseCoopers, the world’s largest accounting and consulting firm, said on Thursday he hoped for progress soon on a U.S.China auditing oversight deal that could avert a disruption to capital markets. Officials
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Home Depot Eschews Global Growth in Favor of Increasing US Sales
LoanSafe
“The company’s big box stores in China were never as productive as what the company initially expected, given the significant differences that exist in shopping behavior between U.S. and Chinese consumers,” RBC Capital Markets analyst Scot Ciccarelli
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Azarenka, Sharapova charge into China Open semis
W*USA 9
Beijing, China (Sports Network) – World No. 1 Victoria Azarenka and second seed Maria Sharapova were easy quarterfinal winners Friday at the $4.8 million China Open tennis event. The Australian Open champion and U.S. Open runner-up Azarenka,
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Brown calls on House to vote on China trade
Columbus Dispatch
The bill that the Senate passed would give the government broader power to take action when China manipulates the value of its currency. Advocates for U.S. manufacturing have long contended that China’s government holds down the value of the country’s
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Chinese telecom giant Huawei in talks for a US IPO
Bizjournals.com (blog)
Chinese telecom giant Huawei Technologies Co. is reportedly in talks that could lead to an initial public stock offering in the U.S., something that could ease concerns about its independence from its home country’s government and military. The Wall
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Heat’s Shane Battier is big star in China
FS Florida
might be able to walk around with little trouble in Miami. But Battier has been known to stop traffic in China. (Derick E. Hingle-US PRESSWIRE) When the Heat head to China next week for games against the Los Angeles Clippers on Oct. 11 in
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US cotton eases as technical selling offsets export rise
Reuters
Weekly U.S. exports jump 80 percent on China mill buying * Market hits resistance at 100-day moving average * Beijing seen resuming buying spree after holiday NEW YORK, Oct 4 (Reuters) – Cotton prices eased on Thursday on technical selling after prices
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Tim Harper: Nexen takeover by China: Are we being naive or progressive?
Hamilton Spectator
But U.S. attitudes toward China run deep — some would say verging on paranoia — and they may be moving across the 49th parallel as Stephen Harper grapples with one of the toughest decisions during his time in office, the proposed $15.1-billion
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Mitsubishi Motors, Mazda report China sales plunge
Live 5 News
By The Associated Press The U.S. economy added 114,000 jobs in September, below August’s upwardly revised gain of 142,000. Yet the unemployment rate fell sharply to 7.8 percent from 8.1…More >>. By The Associated Press The U.S. economy added
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USGC projects a strong China crop
agprofessional.com
USGC projects a strong China crop. U.S. Grains Council | October 5, 2012. The U.S. Grains Council 2012 China Corn Harvest Tour projects another good Chinese corn crop, driven both by higher yields and an increase in planted acreage. Persistent reports
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Sluggish Luxury Goods Purchases Further Evidence of China Slowdown
Benzinga
Other US luxury goods retailers are looking to tap the Chinese market through online retailing. Closely held Neiman Marcus has invested $29.4 million in a Hong Kong-based ecommerce company, Glamour Sales, according to but after anticipating a
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Defying wisdom, report says Twitter is biggest in China
CNET
According to statistics published by GlobalWebIndex and analyzed by Emarketer, Twitter has 35.5 million active users in China, and just 22 million in the U.S. India actually comes in second in the report, with 33 million people tweeting or reading
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China blocked from rooting wind farms in Oregon
Hydrogen Fuel News
Wind energy is often overlooked by others in China’s clean energy portfolio, but the country is beginning to make headlines for its ambitious projects. The problem is, these headlines revolve around a trade dispute between the U.S. and China regarding
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Tax Exposure for American Expatriates in China
China Briefing
Oct. 5 – American expatriates’ global income may be exposed to China individual income tax (IIT) at marginal rates reaching 45 percent. The expatriate may also be required to contribute to the new Chinese social insurance program, and Chinese entities
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Djokovic beats Melzer in China Open quarterfinals
Seattle Post Intelligencer
Playing in his first event since losing the U.S. Open final to Andy Murray, the Serb served 12 aces and saved both break points. He delighted fans after the 53-minute match when he signed a television camera by writing his name in Chinese characters.
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Former Australian PM Rudd calls for U.S.China “strategic roadmap”
Global Times
Former Australian Prime Minister Kevin Rudd has called on closer USChina ties, outlining his vision of a “strategic road map” focusing on tighter person-to- person communications. Speaking at the Australian Foreign Correspondents Association, the
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China’s Lenovo to add production line in US
China Post
RALEIGH, North Carolina — The Chinese computer maker Lenovo Group Ltd., the world’s No. 2 maker of PCs, said on Tuesday that it will begin manufacturing computers in North Carolina next year — its first United States production line and one that
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China’s incoming leader man for the times: Rudd
Sydney Morning Herald
Photo: Reuters. China’s incoming leader Vice-President Xi Jinping is “the man for the times” who will transform the Chinese economy and can reach a new security accommodation with US President Barack Obama, says the former prime minister, Kevin Rudd.
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Asia must avoid mistakes of Europe: Rudd
Sydney Morning Herald
Mr Rudd, who also served as foreign minister, was addressing the Foreign Correspondents Association in Sydney on the future of ChineseAmerican relations after their respective presidential elections next month. He said the Asia-Pacific area would be
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US (WA): No import permits mean few apples to China
FreshPlaza
China’s decision not to issue any new import permits for Red and Golden Delicious apples means that it’s likely that few, if any, U.S. apples will ship there this season. With the window for exports a few months away, the apple suppliers are scrambling
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The Empire Trapped: The US’s Unpromising Role in the New Middle East
Foreign Policy Journal
For China however, the space for future political movement is boundless. Unlike the United States, a ‘new’ or stagnant Middle East will not change the fact that China is barely associated with an atrocious history of military onslaughts or economic
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(Some of) China’s Netizens Eye US Presidential Debate
China Digital Times
The term “debate” had over 9 million mentions, and most of the recent posts referred to the U.S. presidential debate. A search for “Obama,” in Chinese, 奥巴马, came up with over 19 million hits. A search for “Romney,” 罗姆尼, came up with about 672,000
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