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U.S. China News 2012.10.20

Sat, October 20, 2012

China, US bid on bankrupt car battery maker
KCRA Sacramento
China, US bid on bankrupt car battery maker. Company received $249M in bailout money. UPDATED 8:23 PM PDT Oct 19, 2012. Comments ( ). Share · Print · NEXT STORY. New blocking system in state prison will render cellphones useless. Text Size
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US shows its maritime resolve in disputed South China Sea, sending signal to
Fox News
ON BOARD THE USS GEORGE WASHINGTON – A U.S. aircraft carrier group cruised through the disputed South China Sea on Saturday in a show of American power in waters that are fast becoming a focal point of Washington’s strategic rivalry with Beijing.
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Canada blocks $5.2 billion Petronas bid for Progress Energy
Reuters
On Thursday, the chief executive of U.S. aircraft maker Hawker Beechcraft, whose $1.79 billion sale to a Chinese firm fell through, said China-bashing by U.S. presidential candidates may have contributed to failure of the talks. The United States has
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‘The Revolutionary’: An Unrequited Love For China
NPR
Sidney Rittenberg went to China as an American G.I. at the end of World War II and fell in love with the country. He was discharged as a Chinese translator for the U.S. Army, but decided to stay there. By the time Rittenberg came back to the United
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US sowing discord between strategic partners India, China
Firstpost
Beijing: Fifty years after a war across their high Himalayan frontier left decades of bitterness, the Chinese media, echoing the establishment’s thinking, today struck a positive note, declaring India and China had come a long way to establish a
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Asian Stocks Post Biggest Weekly Gain in a Month on US
Businessweek (blog)
Asian stocks advanced, with the regional benchmark index posting its biggest weekly gain in a month, after reports on U.S. retail sales, housing starts and manufacturing beat estimates and China’s economy showed signs of stabilization. Li & Fung Ltd
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Chinese tourists outnumber US visitors in New Zealand
eTurboNews
For the first time, more tourists from China came to New Zealand in the past 12 months than from the United States and the numbers are expected to keep growing, with expanding air links and a growing Chinese middle class. China is now New Zealand’s
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Will China Accelerate its Trillion Dollar Plus Equity With Fixed Asset
The Desert Sun (blog)
In the meantime, we have been told by reliable China experts that Beijing is marking time, while using its expansive investment funds to buy such U.S. fixed assets as residential and commercial under-priced buildings to establish an ever solidifying U
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China will properly handle US steel case: MOC
China Daily
BEIJING — The Ministry of Commerce vowed on Friday that China will properly handle a World Trade Organization ruling in a dispute over US exports of a specialty steel product after its appeal against the ruling was rejected. The WTO Appellate Body on
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China 2013 Growth May Slow to 23-Year Low, Honeywell Says
Businessweek
Honeywell International Inc. (HON), the U.S. manufacturer selling products such as aerospace parts in China, is forecasting 2013 economic growth in the world’s most- populous country may decelerate to the slowest pace since 1990. “It wouldn’t be
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US views harden on China, Iran ahead of election
The News International
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 on Friday that found sharp partisan gaps over issues including support for Israel. The Pew Research Centre poll gave
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Japan, US to cancel island drill: report
AFP
The governments are set to cancel the drill as it could provoke further anger from China after a row escalated when Japan last month nationalised some of the disputed islands, also claimed by Beijing, Jiji Press reported late Friday. The decision to
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Blocking investment hurts US more than China
People’s Daily Online
Shen told a press conference that the ministry was greatly concerned about a report that a Chinese company was blocked from investing in the U.S. market for allegedly posing “national security risks.” “The ministry will follow the development of the
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Investment from China in US reaches record high
China Daily
China’s direct investment in the United States hit a record high through the first nine months of 2012, despite election-year rhetoric against the country and a congressional report alleging that two Chinese tech companies posed a possible threat to US
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UPI NewsTrack Business
UPI.com
“I see major opportunities for Volvo Cars to improve profitability and accelerate our growth plan in China specifically. I am convinced that Hakan Samuelsson’s thorough experience and leadership will help us increase performance,” Shufu, said. Jacoby
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US wants strong democratic Pakistan to meet terror challenge –
Associated Press of Pakistan
BEIJING, Oct 20 (APP): The present democratic government of Pakistan People’s Party is pursuing ‘look east policy’ and friendship with China is the cornerstone of its foreign policy, said Federal Information Secretary Chaudhary Rashid Ahmed.He made
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China Hard Landing Fears Easing
Forbes
While everyone in the U.S. is focused on the election campaign and the U.S. economy, the world’s second largest economy, China, is showing signs of improvement. The hard landing fears are now subsiding. Chinese activity data improved across the board
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China, and maybe Europe, in final debate
MarketWatch
That’s not the case with China, with which the U.S. had a $28.7 billion trade deficit in August. Romney has pledged to name China a currency manipulator on the first day of his presidency, while Obama has time and again skipped that designation in
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China and Germany not proper energy models for the US
Oil & Gas Journal
But are the Chinese and German appealing models for the US? China does invest heavily in renewable energy—a world-leading $52 billion in 2011, according to the United Nations. It invests even more heavily in oil and gas. Unlike the US, China mostly
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Weak Chinese growth forces commodities to retreat
Taipei Times
OIL: Crude prices came under pressure from official data that revealed slowing economic growth in China, the world’s biggest energy consumer, which added to weak oil demand in the US, traders said. China’s economic growth eased for the seventh straight
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Weekly Round-Up: China Hopes Rise, US Housing Starts Take Off
Resource Investing News
Weekly Round-Up: China Hopes Rise, US Housing Starts Take Off Gold lost ground this week, while oil, natural gas and copper were mostly flat on new data that indicates the slowdown in China may be easing. The US economy, meanwhile, continued to
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Pew: China’s approval of US dropping
UPI.com
BEIJING, Oct. 19 (UPI) — While public opinion of the United States in China is down, many Chinese admire American democratic ideals, a Pew poll indicates. The Chinese public has increasingly expressed reservations about relations U.S.Chinese
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China-bashing back on US election agenda
Toronto Star
This is an edited version of an editorial that appeared this week in the Washington Post: Competitive China-bashing has become a quadrennial ritual in U.S. politics. In 2008, Barack Obama beat Republican John McCain partly by promising to “go to the
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FDI drops ‘due to rising costs’ in China
AsiaOne
BEIJING – Foreign direct investment in China dropped in September for the 10th time in the past 11 months as rising costs dented investors’ enthusiasm and US political leaders stepped up their China-bashing rhetoric ahead of next month’s presidential
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Chinese shoppers pack out Apple’s biggest store in Asia
Mail & Guardian Online
China is now the second-biggest market for Apple after the United States but the company has also faced frequent criticism for the conditions in which its products are produced in China. The enthusiasm for the company’s gadgets among the country’s
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Etch A Sketch made in China
The Robesonian
Nine years ago, the Ohio Art Co. closed its Etch A Sketch operation in Bryan, Ohio, and moved the jobs to Shenzhen, China. The 100 laid-off American workers weren’t surprised. They’d been training their Chinese replacements. Months ago, a Mitt Romney
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Capital inflows lift HK$ vs US$
China Daily
The People’s Bank of China has a yuan daily trading limit against the US dollar. In the foreign exchange spot market, Chinese banks can exchange the yuan 1 percent above or below the central parity against the US dollar announced by the China Foreign
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US pork supply bloated by drought, feed costs -analysts
Reuters
At a time of bloated pork stocks, U.S. pork exports to China slowed from the same period a year ago due to an excess number of hogs in that country, analysts said. Given the likely year-to-year decline in Chinese exports, and spillover from large
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Aust shouldn’t side with US on Security Council: China
Business Spectator
Australia’s successful bid for a non-permanent seat on the United Nations’ Security Council could come with diplomatic strings attached, as Chinese officials have indicated that Beijing expects Australia to reduce its pro-America approach on the
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An ominous cloud on trade
Charlotte Observer
But how much should a Chinese-made solar panel cost? The Commerce Department’s estimating methods – using Thailand’s economy as a surrogate for China’s – don’t inspire confidence. And U.S. firms that export polysilicon, a key material in the panels,
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Go Public, Take Private, Make A Deal: The Big Debate in China
Forbes
The trouble for U.S.-listed Chinese companies began with the back-door listings and a high percentage of them having underlying problems with the companies merged into the shells. The short sellers moved in and with their success in uncovering a number
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China’s yuan funds for foreign exchange rise
People’s Daily Online
BEIJING – China’s financial institutions saw their yuan funds outstanding for foreign exchange increase 130.68 billion yuan (20.71 billion US dollars) in September after two months of falls, data issued by the central bank on Friday showed. Analysts
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London copper set for weekly gain after China and US data
SteelGuru
Mr Zhou Jie analyst of CIFCO Futures said that “Now that the Chinese and U.S. economies appear to be stable, traders are focusing more on base metals’ fundamentals which are still weak. Copper’s small price movements and trading volumes today
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Colsaerts set to be big hit in US
China Daily
Colsaerts set to be big hit in US. Updated: 2012-10-20 08:04. By Reuters in London (China Daily) The 29-year-old is trying to secure his playing card in the US for the 2013 season and Belgian Golf Federation President Jean De Vooght is convinced
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China backs wind farm deal suit
The Nation
BEIJING – China on Friday said it hoped the United States would “fairly” handle a lawsuit filed by a Chinese-led company against President Barack Obama over a blocked wind farm project.Ralls Corporation, a company registered in the US and controlled by
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Yen Drops Most in 9 Weeks on BOJ Stimulus View, U.S. Economy
Bloomberg
The Japanese currency weakened versus all but one of its 16 most-traded counterparts as U.S. retail sales rose more than forecast in September and housing starts jumped 15 percent. The euro reached its highest level against the greenback in a month
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Asian Markets Weekly Report: Indices Advance on China and US Data
IBTimes.co.uk
Asian indices moved up this week amid positive economic indicators from China, mixed quarterly earnings from major US companies and easing concerns on the eurozone. Japan’s Nikkei 225 average gained the most in almost ten months, rising 5.5 percent
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13.78-Megawatt SunPower Solar Power Plant at NAWS China Lake Begins
Sacramento Bee
(NASDAQ: SPWR) announced the completion of the largest solar system in the US Navy, a 13.78-megawatt (DC) solar photovoltaic (PV) power system at Naval Air Weapons Station China Lake (NAWS China Lake) in Calif. Using SunPower’s high-efficiency,
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YY bids to reopen US listings
IFR Asia
With no listed peers in the US, success for YY will signal the return of confidence in Chinese issuers after a series of corporate governance scandals, potentially reopening a crucial funding market for China’s fast-growing technology sector. A
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China urges restraint as tensions mount between two Koreas
Yahoo! News (blog)
Since neither we nor China can afford another Korean War, I suspect they think the same as we do: Calm down and don’t start shooting at each other. I’m sure that like us in the South, China maintains some sort of presence in the North. Until the war is
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SEC settles case for more than US$14m
EastDay.com
A Hong Kong-based firm controlled by the chairman of China’s largest private shipbuilder has agreed to pay more than US$14 million to settle an insider trading case with the US securities regulator. The US Securities and Exchange Commission froze Well
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