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U.S. China News 2012.10.10

Thu, October 11, 2012

US report highlights unease about Chinese firms
San Angelo Standard Times
The report, coming amid an American presidential race in which trade tensions with Beijing are a prominent issue, highlights conflicting U.S. sentiments toward China, an important trading partner but a potential strategic rival. U.S. companies see
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US firms less optimistic, but will still invest in China: survey
Reuters
WASHINGTON (Reuters) – Many U.S. companies are less optimistic about doing business in China even though sales there are still rising, and most of those firms are planning to increase investment, according to an annual survey of business executives
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Telecom tiff a wake-up call for ChinaUS relations
Reuters
Loading… Published on Oct 9, 2012 by ReutersVideo. Oct. 10 – A nascent Chinese investment boom and even American jobs are at stake if Sino-U.S. ties worsen further, following a damning congressional report on China’s top telecom equipment makers.
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US STOCKS-Wall St edges down as Alcoa, Chevron weigh
Reuters
Yum Brands defies China sluggish growth, raises outlook. * True Religion exploring sale, shares jump. * Indexes: Dow off 0.31 pct, S&P off 0.13 pct, Nasdaq up 0.04 pct. By Chuck Mikolajczak. NEW YORK, Oct 10 (Reuters) – U.S. stocks dipped on Wednesday
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Yum Brands upbeat about China division
Businessweek
That turnaround in China, coupled with strong profit growth at its restaurants in the U.S. and elsewhere around the world, helped Yum post a 23 percent increase in its third-quarter net income. The second-quarter profit decline had been a rare event
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Romney’s Bain advisers aided China, Russia growth
Boston.com
Bain joined a 1990s gold rush of U.S. consulting companies that tutored emerging post-Communist nations in Western management structure and strategy. Former U.S. diplomats and experts in the Chinese and Russian economic systems say Bain’s
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US Stocks Little Changed as Investors Weigh Earnings; Alcoa Lags
Wall Street Journal
Fitch Ratings said euro-zone members could suffer further credit downgrades, citing major risks that include the region’s debt crisis and a slowdown in China. Inventories at U.S. wholesalers rose in August at a pace that matched economists’ forecasts
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US to decide on plywood trade case against China next week
Reuters
WASHINGTON Oct 10 (Reuters) – The U.S. Commerce Department will decide by next week whether to launch an investigation that could lead to steep duties on roughly $600 million dollars of hardwood plywood imports from China, a spokesman said on
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US Company Credit Swaps Hold at One-Week High on China Concern
Bloomberg
A gauge of U.S. corporate credit risk held at about the highest level in a week on concern that slowing growth in China will hurt corporate profits. The Markit CDX North America Investment Grade Index, a credit-default swaps benchmark that investors
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Want More Jobs in United States? Push China to Respect Human Rights
Huffington Post
There’s been a lot of bashing of China this election year for unfair trade practices that cost United States‘ jobs. But there hasn’t been much attention to China’s human rights record. No one seems to link China’s human rights practices and the ability
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China finance officials to skip Tokyo IMF meeting
U.S. News & World Report
By MALCOLM FOSTER, Associated Press. TOKYO (AP) — China’s central bank governor and finance minister won’t be attending IMF and World Bank annual meetings in Tokyo this week in an apparent snub to Japan that comes as the two Asian giants
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California could reap big China investment
San Francisco Chronicle
“Growth in China’s U.S. direct investment has rekindled old arguments about foreign firms and the national interest. Narrowly defined security screenings for foreign investments are imperative, and Chinese investment raises legitimate concerns because
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China: US security concerns re Huawei and ZTE are groundless
HEXUS
On Monday the US House of Representatives’ Intelligence Committee urged the US government and US companies to avoid participating in any business with Huawei and ZTE. These Chinese telecoms companies pose a significant threat to national security
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Fresh Signs Confirm China’s Drain On U.S. Corporate Profits
Forbes
From fried chicken to pressed aluminum, Chinese demand for U.S. goods is waning. The decline, highlighted again in a series of fresh reports, threatens to sap corporate America profits, and reflects the broad trade ties between the two countries.
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Myhrvold Holds Patents in USChina Telecom War
Businessweek
In early 2010 a Silicon Valley data-center start-up called 3Leaf Systems was set to go belly-up. While promising, its technology had not taken off as expected, and the company’s investors began asking around to see if anyone wanted to acquire its
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World economy’s threats range from Europe debt crisis to US budget rift to
Newser
And it’s warning that even its dimmer outlook might prove too optimistic if Europe and the United States fail to resolve their crises. Developed countries are facing a heightened risk of recession, and their troubles threaten China and other emerging
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ChinaUS Regional Sustainable Development Conference
US-China Institute
The Workshop is a non-profit university-government-private sector partnership based in Seattle to address the social and environmental challenges and opportunities facing urban growth in China and the U.S. The program has seed funding provided by the
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What American Companies Really Think About China
Forbes
China’s not Nirvana. But China isn’t the bad guy in this economic story either. China contributes to the bottom line. And while it’s not contributing as much as it once was in the boom years, two-thirds of companies surveyed by the U.S. China Business
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US panel to probe new wave of complaints against Huawei, ZTE
Reuters
WASHINGTON (Reuters) – A U.S. congressional report that urged American companies to stop doing business with Chinese telecom equipment makers Huawei and ZTE has triggered a fresh wave of complaints against the firms, opening a second phase to
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TEXT-Fitch: China hi-tech exporters baffled by alleged security risks
Reuters
Oct 10 – The decision by the US House Intelligence Committee to label Huawei and ZTE as threats to US national security – largely on the premise of potential Chinese state influence – underlines once again the difficulties facing the Chinese telecom
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China piped gas imperils US$100B LNG plans
National Post
“If politics allow the U.S. to export more LNG from the shale gas production boom, China and the rest of northern Asia could benefit from much cheaper gas than what they’re paying now.” China is importing more natural gas by pipeline than sea for the
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China May Surpass Japan as World’s Second-Most Wealthy by 2017
Bloomberg
China may become the world’s wealthiest country by household assets after the U.S. in five years as the nation’s middle-class consumers grow richer, Credit Suisse Group AG (CSGN) forecast. The nation will add $18 trillion in household wealth by 2017,
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US never recognizes Japan’s claim over Diaoyu Islands
China Daily
BEIJING – A recent document produced by the United States government shows that the US has never recognized Japan’s claim of “sovereignty” over the Diaoyu Islands. The report, “Diaoyu Islands Dispute: US Treaty Obligations,” was released on September
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China rebuffs US charges that telecoms are security threat
NBCNews.com
The House Intelligence Committee issued a warning today that American companies should avoid doing any business with China’s two leading technology firms: Huawei Technologies and ZTE. Retired General and NBC Military analyst Barry McCaffrey,
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Top China delegate pulls out of IMF meet amid islands row
Reuters
TOKYO (Reuters) – The International Monetary Fund said on Wednesday that China’s central bank governor will not lead the Chinese delegation at the IMF’s semi-annual meeting this week, in what appeared to be a snub to host Japan. Zhou Xiaochuan’s
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Obama, Romney should listen to Kissinger on China: US veteran journalist
Xinhua
WASHINGTON, Oct. 9 (Xinhua) — When former Secretary of State Henry Kissinger talks about China, Republican presidential candidate Mitt Romney and President Barack Obama ought to listen, and “so should the rest of us,” a veteran U.S. journalist said on
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Hong Kong shares end slightly lower, China plays strong
Reuters
HONG KONG Oct 10 (Reuters) – Hong Kong shares ended marginally lower on Wednesday, tracking weakness in other Asian bourses on concerns over U.S. corporate earnings, but strength in China plays helped limit the benchmark’s losses. The Hang Seng
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What China’s slowdown means
CNN (blog)
Even the United States is not immune. I was struck by a report in the Wall Street Journal. “In 2009, U.S. met coal exports to China grew nearly six-fold, and grew by the same rate in 2010” Six hundred percent rises! But as China’s steel industry faces
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US won’t let China win the race for clean energy technology: Obama
Hindu Business Line
Ahead of crucial presidential debate in New York, US President Barack Obama said the United States would not let China win the race for clean energy technology as he will continue to emphasise on developing technologies ahead of countries like China.
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US Dollar Trades Sideways as Commodity Currencies Rebound in Europe
DailyFX
This year, we have: increased concerns about global growth, rooted in China and Europe; a European sovereign debt crisis that is nowhere close to being resolved yet markets have treated it as if the definitive end is in sight (see: US equity markets
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Anti-China US election talk could strain ties
Live Trading News
Anti-China US election talk could strain ties. Anti-China US election talk could strain ties. Harsh campaign rhetoric about China from both US presidential candidates is a big foreign policy mistake that will hurt bilateral ties, experts from each
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China Slowdown Leads To 1500 Job Losses At US Engine Company — Stock
Business Insider
This is exactly what you don’t want to see. A major industrial company announcing a slowdown due to China and layoffs in the US. The company is Cummins Engine. The stock is off over 6% after hours, and the company is laying off up to 1500. We’ll note
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The New Corporate Patriotism That Can Bring Back American Jobs
Forbes
The hoopla once again overshadows the horrendous long-term trend: China’s abuse of free-trade practices across a broad range of industries puts the U.S. increasingly on its economic back. To reverse the trend and restore jobs to America, I argue for
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Turkish FM Talks Syria with US, China
Journal of Turkish Weekly
Turkish foreign minister Ahmet Davutoglu has discussed Syria with his US and Chinese counterparts amid escalating tensions and cross-border attacks on the Syrian-Turkish border, Todays Zaman reported. As the Turkish military retaliated with artillery
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Chinese Telecom Threat Used to Push Cybersecurity Bill
The New American
A congressional investigation that highlighted national security threats posed by two Communist China-based telecommunications equipment companies, Huawei and ZTE, is being seized upon by lawmakers and at least one of the firms to push for more
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China rejects US claims over telecom firms
AFP
China rejects US claims over telecom firms. (AFP) – 6 minutes ago. BEIJING — A US Congressional report that warns two Chinese telecom companies pose a national security risk and should face restrictions in the US market is “groundless”, China has said.
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Final Word On China Solar Duties Due (Sort Of)
AOL Energy
Final Word On China Solar Duties Due (Sort Of). The U.S. Commerce Department will announce a final decision today on duties in the China solar trade dispute that has split the U.S. industry and raised fears of a global trade war. Of course, for several
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Huawei and the China difference
The Guardian
The past two years have been unkind to many Chinese companies that were seeking global markets or international capital, what with fraud scandals and suspicions that Chinese companies operate as an arm of the state. The latest report from the US House
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Toyota recalls 7.43 million vehicles in US, around globe
MassLive.com
The sprawling recall also applies to cars in Australia, China and elsewhere in Asia and the Middle East. Toyota has been trying to fix its reputation after a series of massive recalls of 14 million vehicles over several years. Before that, Toyota had
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Yum gains from rebounding China performance
USA TODAY
LOUISVILLE, Kentucky (AP) — The owner of the Taco Bell, Pizza Hut and KFC chains, Yum Brands Inc., said Tuesday that its fiscal third-quarter net income rose by 23% on a turnaround in its fast-growing China division and higher demand in the U.S.
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Australian Stocks, Japan Futures Fall on China Slowdown
Bloomberg
Japanese stock futures and Australian equities fell on concern China’s economic slowdown and its territorial dispute with Japan are weighing on corporate earnings. American depositary receipts of Nissan Motor Co. (7201), Japan’s third-largest carmaker
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