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U.S. China News 2012.10.18

Thu, October 18, 2012

Oil slips below $92 as traders weigh China, US recovery signs against crude
Minneapolis Star Tribune
The price of oil slipped below $92 a barrel Thursday as traders weighed signs of economic recovery in the U.S. and China against an increase in U.S. crude supplies. By early afternoon in Europe, benchmark oil for November delivery was down 21 cents at
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ChinaUS relations far from normalized
China.org.cn
In contemporary ChinaU.S. relations, similar to contemporary China-Japan relations, relations were not established on a truly normalized basis. The normalization of ChinaU.S. and China-Japan relations are a historical necessity because it falls in
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China loses WTO appeal in US specialty steel case
Reuters
GENEVA (Reuters) – China comprehensively lost an appeal on Thursday against a World Trade Organization ruling in a dispute over U.S. exports of a specialty steel product that is primarily made in the presidential battleground states of Ohio and
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US stock futures dip on corporations earnings results, slowing growth in China
Washington Post
The health of the world’s second-largest economy has a big impact on exporting nations, from natural resources in South America, to big machinery makers in the U.S. Slowing growth in China hit Deere shares hard when it cut its revenue estimates two
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Jon Huntsman on China, US & the Presidential Race
China Digital Times
FP: Are you surprised that China hasn’t become a bigger issue in the campaign? JH: Beyond it being used as a political tool rhetorically, we’ve had very little talk of China at a time when we ought to be having a substantive conversation, because it is
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World stocks rise on US, China recovery signs
Seattle Post Intelligencer
BANGKOK (AP) — Stock markets rose Thursday after an unexpectedly strong U.S. housing report renewed confidence in the world’s biggest economy and the latest data from China suggested the worst of its slump is over. The U.S. Commerce Department
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Why Obama and Romney Have Chinese Investments
U.S. News & World Report (blog)
But he didn’t deny Romney’s assertion, for good reason: Virtually every American with a retirement plan or investment portfolio has a stake in the Chinese economy, whether they realize it or not. I analyzed my own 401(k) plan (which is a great deal
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EMERGING MARKETS-Latam stocks choppy on US jobless claims, China
Reuters
U.S. jobless claims rise in latest reading * Brazil Bovespa down 0.65 pct By Asher Levine and Danielle Assalve SAO PAULO, Oct 18 (Reuters) – Latin American stocks were c hoppy on T hursday after weaker-than-expected labor market data in the United
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FOREX-Euro falls vs dollar; US jobless claims data weak
Reuters
China growth, other data in line with or above forecasts. * Dollar reaches 2-month high versus yen. NEW YORK, Oct 18 (Reuters) – The euro fell against the dollar on Thursday as uncertainty surrounding the U.S. job market overshadowed favorable demand
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Australia Shares End Up 0.7% On US, China Economic Data; EU Summit Awaited
Wall Street Journal
SYDNEY–The Australian share market rose for a third consecutive day, hitting a fresh 15-month high Thursday as U.S. housing starts showed more evidence of a recovery in the world’s biggest economy, while China’s third-quarter economic growth met
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CANADA FX DEBT-C$ dips after US jobless data; China growth eyed
Reuters
C$ at C$0.$0.9815 vs US$, or $1.0188 * U.S. jobless claims weigh * Signs of China rebound help lift sentiment * Focus turning to Tuesday’s Bank of Canada announcement By Alastair Sharp TORONTO, Oct 18 (Reuters) – The Canadian dollar slipped against
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Chinese firm says US rejection deters investment
The Associated Press
By LOUISE WATT, Associated Press – 2 minutes ago. BEIJING (AP) — The Chinese company suing President Barack Obama for blocking its planned wind farm projects in Oregon accused the U.S. leader and his government of discrimination Thursday and
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Do US Consumers Even Know What Is Made In China?
Forbes
Are Chinese companies a threat to the United States? The House of Representatives Intelligence Committee, says yes when it comes to China’s telecom giants, Huawei Technologies and ZTE. The committee’s report asserts that Huawei’s equipment poses a
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MGM China gets land for new $2.5B Macau casino
U.S. News & World Report
HONG KONG (AP) — The Chinese arm of U.S. casino company MGM Resorts International signed a land deal Thursday for a new $2.5 billion casino resort in Macau, the world’s biggest gambling market, hoping to catch up with the rapid expansion of rival
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Exclusive: White House review finds no evidence of spying by Huawei – sources
Reuters
SAN FRANCISCO (Reuters) – A White House-ordered review of security risks posed by suppliers to U.S. telecommunications companies found no clear evidence that Huawei Technologies Ltd had spied for China, two people familiar with the probe told
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Pew: Chinese Like India Less
Wall Street Journal (blog)
We also hate liars and cheats……more negatives for China. On the other hand, the average Yank couldn’t find India on a map and doesn’t give a fig about it. Since India doesn’t make trouble for us, we have kind thoughts about India. This is a very wise
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China shows signs economic recovery taking shape
U.S. News & World Report
The U.S. Commerce Department said Wednesday that builders started construction on new single-family houses and apartments at the fastest pace in more than four years. The U.S. and Chinese numbers are rare good news for the world economy, which has
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TREASURIES-US 10-yr notes trim gains in Asia on Chinese data
Reuters
SINGAPORE Oct 18 (Reuters) – U.S. 10-year Treasuries trimmed a bit of their earlier gains on Thursday after a batch of Chinese data met market expectations or came in slightly better, easing some concerns about the outlook for the world’s second
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Diaoyu Islands stance reiterated in ChinaUS ministers’ meetings
Xinhua
BEIJING, Oct. 17 (Xinhua) — China reiterated its solemn stance on the Diaoyu Islands, as U.S. Deputy Secretary of State William Burns visited China on Wednesday. According to a press release from the Chinese Foreign Ministry, Foreign Minister Yang
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US Debt: Made in China?
iStockAnalyst
It’s been well known for some time now: China is a major lender to the United States. Or, said another way, the U.S. is hugely indebted to China. Sounds vaguely ominous. After all, if you “owe” someone, they could seemingly come to collect at any time.
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U.S. Luring Manufacturers Away from China?
Sacramento Bee
WASHINGTON, Oct. 18, 2012 — /PRNewswire/ — In a stunning turnaround, manufacturers here and abroad are building new plants in the U.S. due to America’s low energy costs and near-limitless domestic reserves, says Elliott Gue in Energy & Income
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Chinese data supports shares but gains capped by Europe
Reuters
The more stable growth figures for China, coupled with recent good news from the United States on jobs and housing activity, have convinced many investors that a slowdown in world economic activity has at least bottomed out. “There’s definitely been a
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Former Australian PM promotes Pax Pacifica as USChina tensions rise
World Socialist Web Site
Critics such as strategic analyst Hugh White and former Liberal Prime Minister Malcolm Fraser were dealt with as political cranks when they pointed to the dangers of war between the US and China. Since then, however, White has published a book entitled
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Oil below $92 amid US supplies rise, China growth
The Associated Press
By PABLO GORONDI, Associated Press – 2 minutes ago. The price of oil slipped below $92 a barrel Thursday as traders weighed signs of economic recovery in the U.S. and China against an increase in U.S. crude supplies. By early afternoon in Europe,
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Chinese wind power firm suing Obama vows to fight all the way
Chicago Tribune
BEIJING (Reuters) – A Chinese firm that has sued U.S. President Barack Obama for blocking its wind farm project pledged to fight “to the very end” the security-related order, saying it was placing its faith in the U.S. justice system. Obama’s order for
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Options Traders Say Fade the China Rally
CNBC.com (blog)
(Read More: A Trough for China? ) This sounds complicated, but here’s the deal: This trader has a huge bet that FXI remains range bound at this point while adding a little protection. This spread will be profitable if FXI is between $32.18 and $39.82
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GLOBAL MARKETS-Asian shares rise as US, China data eases worries
Reuters
MSCI Asia ex-Japan at 7-month peak, Nikkei at 3-week high. * China Q3 GDP, other data suggest stabilisation. * Dollar hits 1-month high vs yen, yen weaker on crosses. * European shares likely to edge higher. By Chikako Mogi. TOKYO, Oct 18 (Reuters)
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Japanese Stock Futures Gain on US Housing, China GDP
Bloomberg
By Adam Haigh – 2012-10-17T23:22:57Z. Japanese stock futures and Australian equities rose as a jump in U.S. housing starts boosted investor confidence in the global economic outlook ahead of a report today that may show China’s slowdown is ebbing.
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US Ambassador Confirms Meeting With Tibetans in Western China
Pittsburgh Post Gazette
BEIJING — The United States ambassador to China made a recent visit to a mountainous region of western China where dozens of Tibetans disaffected with Chinese rule have set themselves on fire. The visit occurred in late September, but the ambassador
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Chinese Artist-Activist Holds First Retrospective in US
Voice of America
Ai Weiwei is known for his collaboration on the design of China’s main stadium – the Bird’s Nest – for the 2008 Olympic Games. He’s also known for his political activism. Mariama Diallo looks at the massive body of his art being shown for the first
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Asia Ends Higher on US Data, China GDP
CNBC.com
Asian shares closed higher as a slew of Chinese data pointed to stabilization in the world’s second largest economy, and positive U.S. housing data helped ease worries about a sharper slowdown in global growth. The FTSE CNBC Asia 100 Index
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U.S. Will Regain Prominence As Economic Power According To Research Team
Seeking Alpha
Using China as a proxy for the discussion, in 2017 the working age population in China begins to trend down while the working age population in the U.S. continues to rise (see Figure 3). It is quite possible that many countries like China respond to
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Chinese online shop 360buy makes first foreign push
Reuters
SHANGHAI (Reuters) – China’s biggest online retailer 360buy.com will start selling directly to overseas buyers on Thursday, the first such move by a major Chinese e-commerce firm, as it struggles with increasing competition at home. Its move into the
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First USChina University Founded
New America Media
New York University-Shanghai, the first institution of higher education jointly established by China and the United States, was officially founded on Monday. The venture could help China tackle its brain drain problem, China Daily USA reports. “China’s
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METALS-London copper edges up for 3rd day; focus on China data
Reuters
China should hit or beat annual GDP target -stats bureau * China Q3 GDP up 7.4 pct on yr, in line with Reuters poll * China Sept industrial output up 9.2 pct on yr * Investors to focus more on base metals fundamentals -analyst * Coming Up: U.S. leading
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China remains a top foreign holder of US Treasurys, but the size of holding
Business Insider
China continues to be the top foreign holder of US Treasury securities, TIC data show, but the pace of purchases over the past year or so has definitely slowed. In fact, China‘s portfolio of US Treasury securities has dropped from US$1.2785 trillion in
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China Unlikely to Replicate US Shale Gas Boom
Rigzone
China is unlikely to replicate the shale gas boom of the United States in speed or scale, but low drilling costs and high local gas prices make it attractive to drill for unconventional gas reserves, says the top executive at one of the few foreign
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China is set to lose spot as top US lender
MarketWatch
David Waring is the co-founder of bond investing education web site Learn Bonds and market commentary site Bond Moves. If you’ve watched a You Tube video on technical analysis or forex trading, you have probably seen one of the over 100 videos that he
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Trade official calls on US, EU to reject protectionism
China Daily
The European Union and the United States should not resort to protectionism to keep up with China’s quick pace of economic growth, which may occur at an annual rate of 7 percent in the coming two decades, said a senior trade official. “I am quite
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