Skip to content

U.S. China News 2012.10.17

Wed, October 17, 2012

China Comes Under Scrutiny in US Presidential Debate
Voice of America
While most of the second U.S. presidential debate focused on domestic issues, President Barack Obama and challenger Governor Mitt Romney gave ample attention to China. The two expressed concerns about its currency policies, trade, and how the world’s
See all stories on this topic »

METALS-Copper up after US housing data, EU woes nag
Reuters
Also helping underpin the metal was data showing groundbreaking on new U.S. homes surged in September to its fastest pace in more than four years. “The U.S. economy is showing good signs of stabilisation. There’s big expectations about what China
See all stories on this topic »

Secondary Sources: US Recoveries, China Currency, Bikeonomics
Wall Street Journal (blog)
Rather, our aim is to dismiss the misconception that the U.S. is somehow different. The latest financial crisis, yet again, proved it is not.” –China Currency: Menzie Chinn examines the role of China as a currency manipulator. “One of the interesting
See all stories on this topic »

Diaoyu Islands stance reiterated in ChinaUS ministers’ meetings
Global Times
According to a press release from the Chinese Foreign Ministry, Foreign Minister Yang Jiechi met with Burns and Vice Foreign Minister Zhang Zhijun held talks with the US visitor on Wednesday. During the meetings, the Chinese side said that maintaining
See all stories on this topic »

Potash cuts profit outlook as China, India deals lag
Reuters
(Reuters) – Potash Corp (POT.TO) (POT.N), the biggest global producer of its namesake crop nutrient, cut its full-year earnings forecast for the second time, citing delays in new contracts with buyers in China and India. U.S.-listed shares of Potash
See all stories on this topic »

Huawei says US probe unlikely to affect other business
Reuters
HANGZHOU, China (Reuters) – China’s Huawei Technologies Co Ltd said on Wednesday a U.S. congressional committee probe into whether its access to communications infrastructure poses a security risk is unlikely to affect its businesses in other overseas
See all stories on this topic »

Blind Chinese activist’s brother sues police for barging into home
Reuters
After breaking free from 19 months of harsh house imprisonment in April, Chen Guangcheng sought refuge in the U.S. embassy in Beijing, embarrassing the Chinese authorities and sparking a diplomatic crisis between Beijing and Washington. He is now
See all stories on this topic »

Analysis: Lost in debate: reality of USChina ties
The Associated Press
By CHARLES HUTZLER, Associated Press – 1 minute ago. BEIJING (AP) — In the simplistic narrative of U.S. presidential politics, China is a Hollywood villain, a monetary cheat that is stealing American jobs. But the one-dimensional caricature offered up
See all stories on this topic »

China Repo Rate Snaps 3-Day Drop as US Data Improves Outlook
Businessweek
A government report today may show U.S. housing starts increased to a four-year high after data yesterday that saw factory output beat analysts’ estimates and home-builder confidence climb to the highest in six years. The People’s Bank of China gauged
See all stories on this topic »

Japan moves closer to China in holding of US Treasuries
China Daily
Japan increased its holdings of United States Treasury securities by more than China did in August, making it more likely that China will cease to be the chief foreign creditor to the US. China’s holdings of long-term US financial assets increased by
See all stories on this topic »

US Sailors Arrested in Okinawa
Wall Street Journal
Japan is trying to build up its military presence in its southwestern seas with the help of U.S. troops in response to a territorial dispute with China over a group of uninhabited East China Sea islands. The disputed islands, known as the Senkaku in
See all stories on this topic »

Chinese players will learn from Lin, says Stern
Reuters
“I think Lin’s impact will be profound,” Stern told the China Daily, adding that while at 6-foot-3 Lin could not be considered a giant in the NBA he had proven players could thrive in U.S. basketball through skill. “He has proven to smaller players
See all stories on this topic »

Calling China currency manipulator not to help US economy
Xinhua
by Liu Chang. BEIJING, Oct. 17 (Xinhua) — U.S. Republican presidential candidate Mitt Romney, in a face-off with President Barack Obama at their second debate on Tuesday night, repeated word by word his vow to tag China as a “currency manipulator” if
See all stories on this topic »

The Expiration Of U.S. Tariffs: An Opportunity For China’s Tire Industry
Seeking Alpha
On September 26th of this year, tariffs on light vehicle tires manufactured in China and imported to the United States expired. On that day, President Obama was in Ohio, a major tire manufacturing state, campaigning for re-election. With Ohio being
See all stories on this topic »

Crude Rises; US Inventories, China Data in Focus
NASDAQ
Crude oil futures showed mixed results Wednesday as the market awaited direction from the weekly release of U.S. petroleum data later Wednesday morning. Front-month oil futures for November on the New York Mercantile Exchange were trading at $92.26,
See all stories on this topic »

Canada beefs up cyber security amid reports of Chinese hacking
Reuters
OTTAWA, Oct 17 (Reuters) – Canada said on Wednesday it will beef up its defenses against Internet hackers as it grapples with reports of Chinese hacking of Canadian companies and a U.S. warning of the risks of Chinese cyber espionage. The government
See all stories on this topic »

You Have To Laugh At Anyone Who Talks About China Boycotting US Treasuries
Business Insider
I keeping seeing articles and headlines in various places about how China is revolting against US paper in various ways. These headlines either say that China is selling off US T-bond holdings or on the verge of rejecting US dollars. This makes for
See all stories on this topic »

US Data & China Concerns Prompted Gold Sales
Resource Investor
After reaching $1,798.10 during Asian open on Oct. 5, Comex gold futures went to a low of $1,729.7 this Monday and ended at $1,746.30 on Tuesday. Gold prices retreated 1.26% on Monday, the largest percentage fall since July 6. Gold’s price was down
See all stories on this topic »

Currency Wars: US Attack
Gold Seek
Doubling down on QE3, the Federal Reserve (Fed) Chairman Bernanke tells China and Brazil: allow your currencies to appreciate. One does not need to be a rocket scientist to conclude that Bernanke wants the U.S. dollar to fall. Is it merely a war of
See all stories on this topic »

EMERGING MARKETS-Latam stocks rise on China’s growth confidence
Reuters
China Premier Wen confident of reaching growth target * U.S. homebuilding starts hit fastest pace in four years * Brazil Bovespa gains 0.59 pct; Mexico IPC up 0.28 pct By Asher Levine SAO PAULO, Oct 17 (Reuters) – Latin American stocks gained on
See all stories on this topic »

PepsiCo 3rd-Quarter Earnings Fall 4.9%
Wall Street Journal
It is also brining out a spate of new products, such as its mid-calorie soda Pepsi Next, to help increase its U.S. market share. PepsiCo also said it wasn’t seeing any slowdown in China, a country which Coca-Cola on Tuesday warned would be a pocket of
See all stories on this topic »

‘On China:’ Experts discuss new generation of leaders
CNN
“On China” premieres on CNN International on Wednesday, October 17 at 5.30 p.m. HKT (5.30 a.m. ET.) This month’s guests include former Chinese Foreign Service member Victor Gao, well-known Chinese author and blogger Hung Huang, and American
See all stories on this topic »

China prepares send-off for late Cambodia ex-king
U.S. News & World Report
By SOPHENG CHEANG, Associated Press. PHNOM PENH, Cambodia (AP) — Chinese police escorted Cambodia’s former King Norodom Sihanouk’s body from a Beijing hospital to the airport Wednesday morning for its return to Phnom Penh, where tens of
See all stories on this topic »

China’s High-Speed Rail Disaster Is Not A Model For The US
OpenMarket.org
After taking office in 2009, President Obama aggressively marketed high-speed rail in the United States. (I noted at the time that most of what the administration called “high-speed rail” was in fact expensive slight upgrades to existing, money-losing
See all stories on this topic »

Best way to deal with China is to heal ourselves
Columbus Dispatch
As much as we might want to, we can’t make everything here in the U.S., ship it to China and expect to be competitive. Many U.S. companies are establishing roots in China to sell directly to the Chinese market. By doing so, they support jobs at their U
See all stories on this topic »

China Becomes Featured Topic at Presidential Debate
Voice of America
U.S. President Barack Obama and his Republican challenger Mitt Romney competed over who would be tougher on China during Tuesday’s presidential debate in New York. Unlike the previous debate, China was a central theme for both candidates, with
See all stories on this topic »

Latam FX edges higher on China hopes, US data
Business Recorder (blog)
RIO DE JANEIRO: Latin American currencies edged up on Wednesday on better-than-anticipated US housing data and hopes that China, the region’s top trading partner, would publish healthy economic growth numbers on Thursday. Mexico’s peso led gains,
See all stories on this topic »

China Loves the Mitt and Barack Show
Bloomberg
For Chinese viewers, the first U.S. presidential debate took place at 9 a.m. on a Thursday morning, in English. It was broadcast and streamed live from several outlets, but it did not generate much live commentary on the country’s microblogs. Of course
See all stories on this topic »

Japan Closes on China in US Bond Holdings
CNBC.com
The convergence between the two major buyers of Treasury debt comes during a closely fought US presidential election, with Mitt Romney, the Republican candidate seeking to cut spending in order to reduce US reliance on borrowing from China.
See all stories on this topic »

Chinese increasingly worried about graft, inequality: survey
Reuters
BEIJING (Reuters) – Weeks before China unveils its next generation of leaders, a new survey has found that growing numbers of its people worry about corruption, inequality and food safety, while ties with the United States are increasingly viewed with
See all stories on this topic »

Don’t Blame China (Or Corporations), Politicians Pushed Jobs Out of the US
Reason (blog)
While listening to the major-party presidential candidates come within an inch of declaring war on China during last night’s debate, my first thought was that Beijing displayed admirable restraint by not sinking a U.S. aircraft carrier about two-thirds
See all stories on this topic »

China, tyre makers buy as prices slip
Reuters
SINGAPORE (Reuters) – Tyre makers and major rubber consumers such as China and India have snapped up a few cargoes for nearby shipment after prices slipped further despite a move by top producers to curb exports, dealers said on Wednesday.
See all stories on this topic »

China commerce minister says incentives to keep boosting exports
Reuters
BEIJING (Reuters) – Chinese export incentives will continue to help boost shipments, Commerce Minister Chen Deming said in remarks published on Wednesday after September trade recovered more than expected. Chen’s comments came after weekend
See all stories on this topic »

China’s Stock-Index Futures Rise on U.S. Data, Policy Optimism
Bloomberg
China’s stocks rose, sending the benchmark index up by most in a week, on speculation the economy is stabilizing before the release of a government report tomorrow on third-quarter growth. Anhui Conch Cement Co. (600585) led a gauge of industrial
See all stories on this topic »

China looks for corn elsewhere
Agriculture.com
USGA, which promotes U.S. feed grains around the world, hosted about 30 market analysts, government officials, Chinese feed processors and U.S. farmers on its 16th annual China tour Sept. 10-28. USGC, which has been active in China for 30 years, also
See all stories on this topic »

U.S. Government Continues to Target Piracy in All Forms, Seizes 1400
Geekosystem
U.S. Customs and Border Protection diverted the shipment of costumes to a warehouse for testing as they reached Seattle in September, but only just confirmed their suspicions: They are full of lead. There’s a certain level of lead that’s considered
See all stories on this topic »

No Chinese rescue for bankrupt battery-making golden child A123
Register
Although Vieau kept the reasons for the deal’s demise vague, it could be something to do with the political opposition to the agreement because it would be giving money and technology to China. US officials have become increasingly wary of having
See all stories on this topic »

China’s Cui warns of risks from US stimulus
China Daily
BRUSSELS — The US Federal Reserve’s latest round of quantitative easing is adding to financial market instability and inflationary pressure in emerging markets, China’s Vice Foreign Minister Cui Tiankai warned on Tuesday. The frank remarks, directed
See all stories on this topic »

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: