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2012.10.19 U.S. China News

Fri, October 19, 2012

METALS-Copper steadies after China, US data
Reuters
SHANGHAI, Oct 19 (Reuters) – London copper was steady on Friday, remaining on track to post a 1.1 percent weekly rise following data which suggested stabilisation in the Chinese economy and recovery in the United States were slowly gaining traction.
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WTO hands Obama victory in USChina steel case
Chicago Tribune
GENEVA/WASHINGTON (Reuters) – The World Trade Organization barred China on Thursday from imposing duties on certain U.S. steel exports, siding with U.S. President Barack Obama in a dispute with Beijing over a type of steel made in two election
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USChina complications: Hawker Beechcraft’s failed sale latest victim
Forbes
Not only was China besieged with harsh rhetoric from both sides during the second presidential debate, the U.S. has cracked down on some of Chinese-backed enterprises operating in the U.S., ostensibly chilling certain business relations between the two
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Copper set for weekly gain after China, US data
Reuters
“Now that the Chinese and U.S. economies appear to be stable, traders are focusing more on base metals’ fundamentals, which are still weak,” said CIFCO Futures analyst Zhou Jie. “Copper’s small price movements and trading volumes today underscore the
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Survey Finds Many Chinese Support American Ideals
Voice of America
But the paper, which often reflects official views, was careful to point out that more than half the respondents to the Pew survey said they do not like the U.S. And it said that the number of those who think China should adopt U.S. political ideas is
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Beating a Dead Horse: Chinese Investment and the U.S. National Security Excuse
Business Insider
I hope I’m not beating a dead horse here (i.e., talking repeatedly about the same issue), but some of the local push back I’m seeing here in China on these U.S. investment deals is rather mindless. Obviously we have hit a rough patch with respect to
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Is US criticism or China’s economy behind yuan rally?
Reuters
SHANGHAI (Reuters) – China’s currency hit a record high this week in a rally that has been accelerating, prompting speculation over whether Beijing is behind the move to try to dampen criticism in the U.S. presidential debate that the yuan is undervalued.
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Chinese Confidence Moves Renminbi Higher vs. US Dollar
Business Insider
Well, the two-day currency rally ran out of steam yesterday afternoon, and soon the selling (most likely profit taking) began, and the euro (EUR) lost the 1.31 figure, and the Aussie dollar (AUD) lost the $1.04 figure. The risk sentiment has lost its
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Chinese government squares off against White House over Oregon wind farm
OregonLive.com (blog)
BEIJING (AP) — The Chinese Ministry of Commerce said Friday it supports the company suing President Barack Obama for blocking its planned wind farm projects in Oregon. The company, Ralls Corp., accused the U.S. leader and his government of
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A Watch Party In China For The U.S. Presidential Debate
WSIU
Gathering voters to watch a presidential debate and then evaluate it is a long tradition in American journalism. So, I got to thinking: What would happen if I invited a bunch of interested foreigners — all of them Chinese citizens — to watch the
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China Interested in US Presidential Campaign
Voice of America
BEIJING — As the U.S. presidential election nears, Chinese news web sites and microblogs are following developments in the campaign closely, with cutting analysis and commentary – especially when China is a target of the criticism. In-depth coverage
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China patient gets life for stabbing medical staff
U.S. News & World Report
BEIJING (AP) — A Chinese court sentenced a teenager to life in prison Friday for killing a medical intern and stabbing three other workers at a northeastern hospital in a case seen as a symptom of frustration over a dysfunctional health care system.
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Bond guru Gundlach on the U.S., China and Apple
MarketWatch
SAN FRANCISCO (MarketWatch) — Jeffrey Gundlach, who oversees more than $37 billion as chief investment officer of DoubleLine Capital, has some against-the-grain ideas about what investors should expect from the U.S. economy, China and even Apple
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Franshion Markets US Dollar Notes as China Dominates Sales
Businessweek
Franshion Properties China Ltd. (817) is marketing U.S. dollar-denominated notes as bond sales in the region surged to a three-week high, buoyed by offerings from borrowers in China and Hong Kong. Credit risk rose. Franshion, a Hong Kong-based real
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Good reads: a ‘hidden’ nuclear crisis, how China sees the US, and ‘Chilecon
Christian Science Monitor
In their essay “How China Sees America,” Foreign Affairs writers Andrew J. Nathan and Andrew Scobell examine the perspectives of Chinese analysts and political strategists in order to understand how China perceives US actions and promises. The US
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Firm Controlled By Chinese Billionaire Agrees To Settle US Insider Trading
Forbes
The U.S. Securities and Exchange Commission said yesterday Well Advantage of Hong Kong, a company controlled by Chinese billionaire Zhang Zhirong, has agreed to pay more than $14 million to settle an insider trading case. The SEC in July alleged Well
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Asian Stocks Rise, Yen Falls on U.S. Home Data Before China GDP
San Francisco Chronicle
Oct. 18 (Bloomberg) — Asian stocks rose to the highest in almost a month and the yen weakened against all its peers as U.S. housing starts jumped and Chinese Premier Wen Jiabao said the economy was stabilizing. Copper declined. The MSCI Asia Pacific
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American Politicians Woo the Chinese
Businessweek
Even as politicians in Washington erect barriers to prevent Chinese telecommunications companies from expanding in the U.S., mayors and governors are courting businesses on the mainland. Shanghai alone has entertained trade and investment
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US views harden on China, Iran ahead of election: poll
AFP
By Shaun Tandon (AFP) – 3 minutes ago. WASHINGTON — The US public’s views on China and Iran have hardened in the run-up to November 6 elections, according to a poll released Friday that found sharp partisan gaps over issues including support for
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Romney was for China before he was against it
Columbus Dispatch
Part of Romney’s rap against China is the stealing of U.S. technology. But Microsoft had accused Bain’s Chinese retailer, Gome Electrical Appliances, of pirating its software. And Global-Tech, a Bain Chinese appliance company, was found to have
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Top China Stories from WSJ: Failed Deals Stir Tensions, Slow Growth
Wall Street Journal (blog)
U.S. Shoppers Return to China: U.S. consumers seen to be rediscovering their appetite for China’s products, but its slow comeback won’t be enough to offset slumping European demand anytime soon. (Subscriber Content). In Asia, Rebates on Rise in Some
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Caterpillar CEO Oberhelman Says U.S., China ‘Need Each Other’
Bloomberg
Oberhelman, who supports former Massachusetts Governor Mitt Romney in the U.S. presidential election, said he worries about the current political debate regarding trade with China and other countries and Caterpillar needs open foreign markets.
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Japan needs to think again on the US and China
China Daily
Japanese politicians and nationals seem to firmly believe the United States will strongly support their country once the Diaoyu Islands dispute with China escalates into a regional crisis, says an article in People’s Daily. Excerpts: Japan intends to
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EMERGING MARKETS-Latam stocks choppy on US jobless claims, China
Reuters
U.S. jobless claims trump China data * Brazil Bovespa down 0.59 pct, Mexico IPC flat By Danielle Assalve and Gabriel Stargardter SAO PAULO/MEXICO CITY Oct 18 (Reuters) – Latin American stocks were choppy on Thursday after weaker-than-expected
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Exclusive: China power brokers agree preferred leadership – sources
Reuters
BEIJING (Reuters) – China’s three most powerful men have come up with preferred candidates to head up the nation’s new leadership, sources said, in a group that includes financial reformers but leaves a question mark over its commitment to political
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US coal industry pins hopes on China’s stimulus
China Daily
China’s imports of metallurgical, or coking, coal dropped 22 percent in August, to 2.6 million metric tons, from the same month last year, according to the General Administration of Customs. The drop has prompted cutbacks and even closures at some
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China’s leadership change signals need for new strategic road map with US
The Australian
THE world now waits with some anticipation, as well as some trepidation, for the outcome of two very different electoral processes. The first on Tuesday, November 6, in the US. The second, beginning on Thursday, November 8, in the People’s Republic of
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The Must Read: China, Stronger Recovery in US
Bloomberg
Oct. 18 (Bloomberg) — Bloomberg’s Scarlet Fu and Sara Eisen recap the op-ed pieces and analyst notes providing insight behind today’s headlines. They speak on Bloomberg Television’s “Bloomberg Surveillance.” (Source: Bloomberg)
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Chinese auto parts maker vows to top Johnson deal for A123
Reuters
WILMINGTON, Delaware (Reuters) – A lawyer for Chinese auto parts maker Wanxiang Group Corp said on Thursday it plans to make a superior bid for the battery business of A123 Systems than what a U.S. company has offered. Wanxiang intends to bid at
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What We Need to Hear From the Candidates on China
Council on Foreign Relations (blog)
China-bashing television ads and debate over whose pension fund has Chinese companies in its portfolio are not going to help the American people understand who would better manage U.S.China relations and China’s rise. As a result, I raised a number of
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US and China: A tale of two leadership styles
NBCNews.com (blog)
BEIJING – While the candidates are scrutinized and skewered by the media in the U.S., China’s new leader Xi Jinping remains a man of mystery among his citizens. NBC’s Ian Williams was in Beijing this week, walking, cycling and driving through the
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Chilean Peso Declines as Copper Drops on China Economic Concern
Businessweek
Chile’s peso fell as copper dropped amid speculation demand will slow in China, the world’s biggest buyer of the South American country’s No. 1 export. The peso dropped 0.2 percent to 473.75 per U.S. dollar at 10:34 a.m. in Santiago, extending its
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‘Somewhere Between’: Born in China, raised in US
Boston.com
Knowlton’s idea involves documenting the lives of four teenagers who also came from China to live in the United States. To help Ruby face a future built on an incomplete past, Knowlton says, she has to “meet the girls who have already walked in her
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Blocking investment hurts US more than China
China Daily
BEIJING – Blocking investment from China will hurt the United States more than China, Ministry of Commerce (MOC) spokesman Shen Danyang said Friday. Shen told a press conference that the ministry was greatly concerned about a report that a Chinese
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Opposing view: It’s time to get tough with China
USA TODAY
2012 – Mitt Romney’s proposed trade policies toward China can turn U.S.Chinese commerce from a growth and job killer into a badly needed engine of sustainable U.S. recovery. His approach recognizes China’s economic predation as a systemic threat, and
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China warns over UN seat sycophancy
The Australian Financial Review
Chinese officials have signalled that Beijing expects Australia to take a less pro-American approach to diplomacy on the United Nations Security Council, a sign that the Gillard government’s successful campaign for the seat may force it to side against
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Chinese views of US less positive
China Daily
The Chinese public has become more wary of the United States, a recent Pew Research Center survey shows. Released on Tuesday, the survey finds that over the last two years, the percentage of Chinese who characterize their country’s relationship with
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China Plays for Growth: Tim Seymour
CNBC.com (blog)
Investing in China has become increasingly attractive, EmergingMoney.com’s Tim Seymour said Thursday on CNBC. “The data last night tells you again …. Email us at and your comment might be posted on the Rapid Recap. If you’d prefer to make a comment
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US manufacturers turn to Russia with love in midst of tepid growth
China Post
At a time when tepid growth at home, a slowing Chinese economy and recession in much of Western Europe is dogging Corporate America, Russia is getting newfound attention as a growth market for U.S. machinery, consumer goods and services. Russia
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Asean at 45: torn between US protection and Chinese trade
The Nation
Asean’s cohesiveness and capability were stress-tested at the 45th annual Asean Ministerial Meeting in Phnom Penh in July and found wanting. The AMM’s failure to issue a joint communiqué for the first time in its 45-year history reflected the inability
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