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U.S. China News 2012.10.21

Sun, October 21, 2012

U.S. displays its might near China
Philadelphia Inquirer
China claims nearly all of the South China Sea, where the U.S. says it has a national interest in ensuring freedom of navigation in an area crossed by vital shipping lanes. Vietnam, the Philippines and several other Asian nations also claim parts of
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ChinaUS telco row shines light on East-West culture clash
SECURITY RISK? This file picture taken on June 19, 2012 shows visitors gathering at the Huawei booth during the CommunicAsia telecom expo and conference in Singapore. Chinese telecom giants Huawei and ZTE pose a security threat to the United
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Europe and China don’t need a trade war: EU trade chief
The U.S. ambitions of Huawei and ZTE were stopped in their tracks earlier this month as a congressional report urged American companies to stop doing business with the firms, raising fears of retaliation from China. The U.S. House of Representatives’
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China’s incoming first lady a challenge for the image makers
Los Angeles Times
BEIJING — She has a resume that would make U.S. political consultants drool: A renowned soprano who’s performed for troops serving the motherland, opera fans at Lincoln Center and ordinary Chinese watching annual TV variety galas, she’s also a World
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China’s CNPC begins oil production in Afghanistan
AMU DARYA, Afghanistan (Reuters) – A Chinese firm has started extracting oil from the Amu Darya basin in northern Afghanistan, mining officials said, a key moment in the country’s quest to pay its own way. Afghanistan signed a 25-year contract with
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University of Wyoming professor: Chinese public worried about owning so many
Casper Star-Tribune Online
When U.S. companies hire Chinese factories to make clothing or computer components, they pay in dollars. Chinese factory owners exchange the dollars into Chinese yuan to pay their bills and employees’ wages. The Chinese banks end up with an excess
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Debate Prep: The Right Answers on China (blog)
The U.S. maintains tens of thousands of troops there, home ports a carrier there, and cooperates closely with the Japanese Self Defense Forces. Over the past two years, relations between China and Japan have deteriorated, most notably involving
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Letter: How China views our current political campaigners
“It is advisable that politicians, including Romney, should abandon … shortsighted China-bashing tricks and adopt at least a little bit of statesmanship on ChinaU.S. ties.” Will any of this be discussed in the coming debates? Perhaps the Chinese
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New Navy Solar Power Plant at China Lake Saves $13 Million a Year
In that regard, while China Lake apparently makes the U.S. Navy the first branch of the armed services to complete this type of PPA solar power installation, it is just the first drop in a flood of new PPA projects coming down the pipeline. Last year
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Japan, US cancel naval drill not to provoke China
Net – Japan has decided to cancel its planned joint naval drill with the United States fearing that it would provoke a negative reaction from China, RIA Novosti reported citing the Japan Times daily. According to the scenario of the drills, slated for
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US denies agreement on one-on-one talks with Iran
China Daily
WASHINGTON – The White House on Saturday denied a press report saying the United States and Iran had agreed for the first time to have one-on-one talks over the latter’s controversial nuclear program. “It’s not true that the United States and Iran have
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US candidates brace for final debate
Chinadaily USA
And just as they study up on the particulars of US policy on the Middle East, China and Russia, the New York Times reported a possible breakthrough on talks with Iran — a report quickly squelched by the White House. Citing unnamed administration
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Chinese company to build US$ 250 million highway in Suriname
Stabroek News
(de Ware Tijd) PARAMARIBO – The plans to modernize the Martin Luther King Highway are at an advanced stage. “President Desi Bouterse has already given his approval and work can start next month,” says Public Works (OW) Minister Ramon Abrahams.
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Study: Canadians wary of Chinese oil deal
Christian Science Monitor
Tuesday’s town-hall debate between U.S. President Barack Obama and Republican challenger Mitt Romney sparked outrage from Chinese state media, which claimed the economic tirades against Beijing did little to foster bilateral friendships. RELATED: Five
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Chinese classes challenge Rock Hill students
The Herald |
Richmond Drive Elementary, Ebinport Elementary and Sullivan Middle in Rock Hill have added Chinese language and culture classes. As the American and Chinese economies become increasingly intertwined, schools across the country have been adding
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China Criticized In US Debates, But Stays Close
With the final presidential debate on Monday tackling foreign policy issues, surely China will be a familiar topic. It seems every four years, the U.S. relationship with China takes a beating during campaign events. Host Guy Raz speaks with James
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U-T San Diego
As China’s economy slackens to its slowest pace in years, many U.S.-based multinationals are more dependent than ever on the country. General Motors sells more cars in China than in any other country. Three years ago, Apple counted on China for just 2
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Foreign schools woo Chinese students
China Daily
The number of national pavilions presenting their countries’ academic opportunities reached a record 21, including educational powers like Canada, the US, Britain, Germany and Spain, said Zong Wa, deputy secretary-general of China Education Association
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China will properly handle US steel case
Live Trading News
China will properly handle US steel case. The Ministry of Commerce vowed on Friday that China will property handle a World Trade Organization (WTO) ruling in a dispute over U.S. exports of a specialty steel product after its appeal against the ruling
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US coal industry pins hopes on China stimulus
China Daily reported that US producers of coal used in steelmaking have been seeing once robust exports slow to a trickle, partly due to reduced demand from China. But recent steps to resume big Chinese infrastructure projects may not be enough to
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Canton Fair foretells grim trade outlook
China’s foreign trade in the first three quarters of the year rose a mere 6.2 percent to 2.84 trillion U.S. dollars, sharply contrasting the 20.3-percent growth registered during the same period in 2011, according to the General Administration of
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Chinese consumers favor HTC smartphones less in September: brokerage
Focus Taiwan News Channel
Taipei, Oct. 21 (CNA) Taiwanese smartphone maker HTC Corp. generated a lower level of interest among Chinese consumers in September, amid the rising popularity of local Chinese brands, according to U.S. brokerage Morgan Stanley. Taiwan’s HTC
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US manufacturers turn to Russia
The News International
Russia, a World Trade Organization member since August, accounts for only about 1 percent of total US trade, compared to China’s 12 percent. But in recent years, Russia has ramped up infrastructure spending and a growing middle class has snapped up
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Apple opens biggest store in Asia
China Post
Apple opens biggest store in Asia. BEIJING–Apple on Saturday opened its biggest Asian store yet in Beijing, with hordes of shoppers descending on the three-floor complex that highlights the growing importance of China to the U.S. tech giant.
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US carrier force supports Asean
Bangkok Post
The United States has sent an aircraft carrier and support ships through the South China Sea in a show of support for Malaysia, the Philippines and Vietnam in their territorial disputes with China. The guided-missile destroyer USS McCampbell fires its
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Romney’s approach on China smacks of overkill
Kansas City Star
The tougher-than-thou poses on China have become routine in presidential campaigns, but these threats, if carried out, could hit American consumers with higher prices and spark damaging tit-for-tat responses from Beijing. Obama, with his ties to
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As drug making goes global, oversight found lacking
The active ingredient might have been sourced from China. Fillers, binders and other inactive ingredients could have come from India. They all could have been processed in Germany, then sent through Canadian middlemen to the United States for final
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Hong Kong Dollar Forwards Suggest Ackman Bet Against Peg to Fail
Hong Kong linked its exchange rate to the U.S. dollar in 1983 when negotiations between China and the U.K. over the city’s return to Chinese rule spurred capital outflows. In 2005, policy makers committed to limiting the currency’s decline to HK$7.85
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China, India ‘strategic partners’, says Chinese media
Kashmir Times
“If India conducts joint military exercises with US and Japan, they claim that it is ‘aimed’ against China. Whenever India develops some new missile systems, they claim that India’s ‘deterrence’ vis-a-viz China has gone up, since ‘the whole of China is
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Fiat Says China May Build All Jeep Models as SUV Demand Climbs
Chrysler, which entered an alliance with Turin, Italy-based Fiat as part of its U.S. government-backed bankruptcy, is relying on growth in China to counter weakness in Europe’s auto market. The automaker is targeting 500,000 annual sales outside North
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New joint USChina college aims to tackle brain drain
University World News
Shanghai New York University, the first institution of higher education jointly established by China and the United States, was officially founded last Monday. Experts say the venture will be a melting pot for cultivating innovative talent and will
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5-Month High Dip on Profit Topped by Suntech
Dice News
The Bloomberg ChinaUS Equity Index (CH55BN) receded 0.7% to 95.54 in NY, trimming the weekly augment to 1.9%. The index touched 96.21 on 18 October, the greatest closing level from 11 May. A dip of solar equipment markers was directed by Suntech
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Leaked US government report offers no evidence against spying allegation on
Now a new report, compiled by the US government and leaked to the Reuters news agency, further dispels the allegation against the companies, clearly stating that no evidence to support the claim that Huawei’s telecom equipment was spying for China has
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Reverse brain drain: China engineers incentives for “brain gain”
Christian Science Monitor
China is the world’s largest source of overseas students – 14 percent of the global total, according to the Center for China and Globalization, a Beijing think tank that advises the government on talent recruitment. In the United States, 22 percent of
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Superior deal with US firm falls through
Global Times
Chinese outbound acquisitions should target industries with few political risks, analysts told the Global Times Sunday, after leading US aircraft maker Hawker Beechcraft Inc announced it would not complete its transaction with Superior Aviation Beijing Co.
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Philippines closer Australian ties in signal to China
Sydney Morning Herald
Australia’s Foreign Minister Bob Carr has insisted that Australia will maintain its neutrality in the dispute while using its influence to ease tensions, especially between the US and China. But Mr Aquino is likely to seek reaffirmation from Australia
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US, allies seek geopolitical conflict’
Press TV
An analyst says the US and its Western allies seek to overthrow sovereign nations as part of their larger scheme of a “geopolitical conflict” that is also bound to expand to Russia and China, Press TV reports. Press TV has conducted an interview with
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China economic figures shore up global markets
Las Vegas Sun
How the U.S. actually opens could hinge on the next round of earnings reports, particularly from Citigroup. The U.S. corporate earnings reporting season really gathers pace this week, with around 40 percent of the Dow’s constituent companies due to
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