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U.S. China News 2012.10.14

Sun, October 14, 2012

UPDATE 1-Bernanke defends Fed stimulus as China, Brazil raise concerns
Reuters
Bernanke defends Fed policy from foreign critics. * Brazil says U.S. policy unfair, China warns on inflation. * IMF sees risk to emerging markets, but supports Fed’s stance. By Timothy Ahmann. TOKYO, Oct 14 (Reuters) – Federal Reserve Chairman Ben
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Romney, Ryan hit Obama on China
The Star-Ledger – NJ.com
PORTSMOUTH, OHIO — The Romney campaign renewed its attack on the Obama administration Saturday for failing to call China a “currency manipulator.” Mitt Romney and his running mate, Paul Ryan, took up the issue in Ohio at separate campaign rallies
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China firms’ risk to US unproved
San Francisco Chronicle
Still, the report made front-page news both here and abroad, prompted the companies’ U.S. competitors, like Cisco, to rush forward with their accusations, and made for a fresh round of campaign season China-bashing. Anyone see the Obama campaign
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Lenovo: Making it in the USA (Q&A)
CNET
Lenovo: Making it in the U.S.A. (Q&A). China’s largest PC maker is flouting conventional wisdom by moving some of its production to the U.S. CNET spoke with Lenovo about the new facility and its overall manufacturing strategy. Brooke Crothers. by
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US And Japan May Hold A Drill To Simulate Attacking An Island Seized By
Business Insider
The drill would involve Japanese and US troops making an amphibious and airborne landing to retake the island using boats and helicopters, Kyodo said. Japan and China have long been at loggerheads over the sovereignty of rocky outcrops in the East
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An insider’s take on China [Star Tribune (Minneapolis)]
Businessweek
Oct. 13–Alan Thometz, director of transaction advisory services for accounting and consulting firm Grant Thornton, spent the last year living in Beijing and traveling in China to stay abreast of changes in the world’s second-largest economy behind the
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China’s ZTE to post nine-month loss of up to 1.75 billion yuan
Chicago Tribune
HONG KONG (Reuters) – Chinese mobile phone and telecoms equipment maker ZTE Corp will report a loss of as much as 1.75 billion yuan ($279.2 million) in the first 9 months of 2012, it said in a preliminary results announcement on the Hong Kong Stock
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China central bank says currency near equilibrium
Businessweek
TOKYO (AP) — China’s currency has reached its equilibrium rate and its value is mainly determined by the market, rather than intervention, Beijing’s central bank chief said Sunday, signaling there is little likelihood of major movement in the yuan’s
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At independent LME swansong, rings eye China future
Chicago Tribune
LONDON/SHANGHAI (Reuters) – The London Metal Exchange may be hosting the last LME Week as an independent concern but, like the tuxedos being dusted off for the annual beanfeast, other traditions may not just survive but thrive under Chinese
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Draft protocol advances prospects for US rice exports to China
Liberty Vindicator
ARLINGTON, VA – The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) office in Beijing this week received a draft phytosanitary protocol from Chinese plant health officials covering prospective exports of U.S.-grown
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Bernanke defends Fed stimulus as China, Brazil raise concerns
Reuters
TOKYO (Reuters) – Federal Reserve Chairman Ben Bernanke said on Sunday it was far from clear that the U.S. central bank’s highly stimulative monetary policy hurts emerging economies, defending a policy raising concerns in China, Russia and Brazil.
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Increase in Chinese exports to US
UPI.com
NEW YORK, Oct. 14 (UPI) — China’s exports to the United States have increased, and the country’s money supply has grown faster than expected, the Chinese government said. Exports to the United States are up 5.5 percent in September compared to the
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U.S. law reaches for China in drywall lawsuits
Daily Comet
Colleen Stephens stands Saturday in the house she and her family relocated to after their first home was contaminated by toxic Chinese drywall in Virginia Beach, Va. Decisions in state and federal courts in recent weeks involving a major Chinese
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50 years after Cuba Missile Crisis, US influence in hemisphere waning
Yahoo! News (blog)
Investment from emerging economies like China and Russia are diminishing Latin America’s reliance on the United States, making it more difficult for Washington to isolate regimes like Cuba. By Sara Miller Llana | Christian Science Monitor – 4 hrs ago
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Manufacturing bouncing back as US, Colorado companies reshore jobs
Denver Post
“We’ve been able to reshore about 15 to 20 percent of our volume back to the U.S. from China over the last year,” said Bill Lovell, OtterBox’s global director of supply chain. The “reshoring” trend is taking hold in Colorado and across the country
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US Treasury delays China currency report
Business Recorder (blog)
The US Treasury said on Friday it will delay a semi-annual currency report until after a finance meeting in November, a move that likely will draw fresh criticism from Republican presidential nominee Mitt Romney who has accused the Obama administration
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Take That Hard Landing; China Exports Beat Consensus
Forbes
Moreover, the improving global PMIs in recent months likely have contributed to this fact, given U.S. ISM above at 51.5 for the first time in four months giving China a hand. The latest Fed and European Central Bank actions have also helped support
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China’s Economy Shows Signs of Stabilizing as Exports Strengthen
Businessweek
China’s exports and money supply grew more than estimated in September, signaling that the world’s second-biggest economy may be stabilizing after a slowdown that began in the first quarter of 2011. Overseas shipments increased 9.9 percent from a year
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Great Graphic: China Exports and New Loans
Business Insider
It shows a the broad based gains in China’s exports in September, led by a 5.5% increase to the United States. Exports to Europe are still falling, though at a slower rate than in August. Exports to Southeast Asia also remained strong. Exports to Japan
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How Huawei and ZTE are Allowed in the US but Google and Facebook are
PolicyMic
The Chinese government has vociferously defended Huawei’s play in the American market and lambasted the U.S. for this week’s report. Government-run Xinhua news service accused the U.S. of “protectionism” and a “Cold War mentality.” The Chinese
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Romney, Ryan Slam Obama Administration on China Trade Policies
WAPI
“When President Obama stood up to China on behalf of American tire workers, Romney called it ‘decidedly bad for the nation.’ In the private sector, he led investments in companies that shipped American jobs to China, and in a Chinese company known for
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Students from China put focus on finance
Sacramento Bee
The Chinese – the only daytime students at Drexel – are part of the boom in international students flocking to U.S. schools in recent years. More than 157,000 Chinese students attend U.S. high schools, colleges and universities, according to the
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College Freshmen in the US Should Receive Military Training, Just Like
PolicyMic
The bewildered American wonders why every September there are hundreds of thousands of Chinese soldiers lined up, only to vanish come October. Questions of espionage aside, viewers laugh at the befuddled foreigner because he doesn’t realize that the
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Teachers are the key, top educators agree Chinese, Finnish, US experts weigh
The Nation
Teachers are the key to education reforms and improvements. Many countries have put a lot of effort into improving teachers’ capabilities so as to drive the reforms and improvements forward. Their success has been proven by students’ better performance
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Will The U.S. Economic ‘Recovery’ Take The Shine Off Gold And Silver?
Seeking Alpha
A combination of factors – better U.S. economic reports, slowing growth in China, new concern over a Spanish bailout, and a stronger U.S. dollar – drove precious metals prices sharply lower for the second Friday in a row as gold and silver have now
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Business: Fed Chief in Tokyo; China ‘Eases’; Euro Updates
WTVY, Dothan
The U.S. has long urged China to lift controls on foreign exchange markets that Washington contends keep the Chinese yuan undervalued, making the country’s exports relatively less expensive in overseas markets. PBOC vice governor Yi Gang, who
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Forty per cent of US firms consider moving factories out of China
The Malaysian Insider
SHANGHAI, Oct 14 — Forty per cent of US importers and manufacturers are thinking of moving their manufacturing bases away from China according to a new business study, reported Taiwan-based daily WantChinaTimes this past week. This is one of the
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American brands winners in global market
San Francisco Chronicle
Along the way, they market-tested a range of Chinese-style names for the product. But in the end, the feedback was clear. Consumers in China preferred an American-sounding brand. The marketers went with YOU On Demand. “What we found was that if
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Japan security environment tougher than ever: PM Noda
Reuters
YOKOSUKA, Japan (Reuters) – Prime Minister Yoshihiko Noda told his navy on Sunday that Japan’s security environment was tougher than ever, underscoring tension with China over a territorial dispute and the threat of North Korea’s weapons programs. Sino
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US Dollar ($) / Japanese Yen (¥) (USDJPY) Preview
Live Trading News
A senior Chinese diplomat made a secret visit to Tokyo this week to hold talks aimed at defusing tensions between Japan and China over a group of disputed islands, Japan’s top government spokesman said Friday. The spokesman, Osamu Fujimura, said
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Romney criticizes delay in US decision on China trade practices, faults Obama
Newser
he’ll brand China a “currency manipulator” and work to end what he calls Beijing’s cheating practices on trade. He says “it’s got to stop.” Romney says President Barack Obama has failed to hold China accountable and as a result, the U.S. has lost jobs.
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Japan, China embark on ‘propaganda war’
AsiaOne
Beijing began a large-scale propaganda campaign to win over international opinion, especially in the United States. Last month, China ran advertising spreads in major US newspapers asserting its claim to the Senkaku Islands. In addition, Chinese
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McCaskill ad targets China as bully
Sacramento Bee
McCaskill’s campaign said Saturday it’s releasing the new television ad in which McCaskill calls China a bully and says she co-sponsored legislation that helped “catch” Chinese companies that were evading U.S. trade laws. The campaign says the ad will
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Chinese drywall causes problems for some Trussville residents
Trussvilletribune
by Lee Weyhrich. This is the first installment of a five part series about the dangers and effects of Chinese drywall in homes. For many people, owning their dream home has become a nightmare. This isn’t because of the economy. Nor is it a matter of
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Solyndra’s Chinese Conspiracy Claim: Is It Really So Crazy?
EarthTechling
But look: The U.S. government is on the verge of putting the finishing touches on substantial duties on solar products from these companies and others in China, having found the country’s crystalline silicon PV industry dumped its products at way below
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China detains man for posting Bo Xilai information online
Times of India
BEIJING: A Chinese netizen has been detained for seven days for posting information online contradicting the official explanation about former Chongqing city police chief Wang Lijun’s whereabouts after he had left the US consulate, where he had taken
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Ex-DPP chief to visit US in Oct. to thank supporters
China Post
TAIPEI — Former Democratic Progressive Party (DPP) Chairwoman Tsai Ing-wen said Sunday that she will visit major cities in the United States in late October to thank supporters who voted for her in her unsuccessful bid for the presidency in January.
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Big improvement in China’s foreign trade
EastDay.com
CHINA’S trade rebounded strongly in September, raising hopes of recovering demand at home and abroad that may lead to a soft landing in the fourth quarter. Exports grew 9.9 percent from a year earlier to US$186.3 billion last month, up from the
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US Deputy Secretary of State to begin Asia tour
Xinhua
The two sides are scheduled to discuss U.S. and Japan coordination on regional issues in East Asia, as well as global issues. Afterwards, Burns will visit South Korea, China, Myanmar and India for discussions on bilateral relations and regional affairs
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Results, Regrets And Reinvention: Premier Wen’s Last China-EU Summit
Eurasia Review
After he took over China’s premiership from Zhu Rongji in 2003, Wen’s first China-EU summit was a major success. But the China-EU ‘honeymoon’ was short- lived, and hopes for a China-EU ‘strategic axis’ to oppose US unilateralism after the Iraq war
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Obama trumpets rebound of US auto industry
KEYC TV
China’s central bank governor says the Chinese currency has reached its equilibrium rate and its value is mainly determined by the market, rather than intervention. China’s currency has reached its equilibrium rate and its value is mainly determined by
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