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U.S. China News 2012.10.22

Mon, October 22, 2012

China media: Quiet on Communist Party Congress, gaga for US election
Los Angeles Times
Four paragraphs were devoted to how the Obamas had already voted by mail (accompanied by a photo of the First Lady Michelle Obama holding a vote-by-mail ballot). An additional two paragraphs explained why Libya was likely to be raised as an issue in
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Analyst: China Is Seeing A ‘Remarkable Deepening Of Mistrust Over US Intentions’
Business Insider
“The key takeaway I got was that there was a remarkable deepening of mistrust over U.S. intentions and I think the bottom line implication that I got from the Chinese side was that they felt that we [the U.S.] was a constructive and stabilizing force
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US delegation not entitled to China-Japan mediation: FM
Xinhua
BEIJING, Oct. 22 (Xinhua) — A U.S. delegation currently visiting Beijing is not entitled to mediate between China and Japan over the Diaoyu Islands dispute, a Foreign Ministry spokesman clarified on Monday. “The delegation is visiting China at the
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China’s Largest Mobile Browser Heads Into US Market
Forbes
UC Web, China’s largest mobile browser – which now claims 300 million users, has just opened a U.S. office and is in the midst of implementing an approach to the U.S. Internet market. “Our primary focus in the U.S. market is building a competitive
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Peabody profit beats on cost cuts, China coal demand
Reuters
(Reuters) – Coal miner Peabody Energy Corp’s (BTU.N) profit raced past analysts’ estimates as cost cuts started to pay off and sales volumes in Australia climbed on a pick-up in demand from China, sending its shares up as much as 14 percent.
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Japan owns almost as much US debt as China
CNN
NEW YORK (CNNMoney) — China’s massive stake in U.S. Treasuries gets a lot of attention. But it’s Japan, and not China, that has been busy gobbling up U.S. debt over the past year. In fact, Japan could soon pass China as the largest foreign holder of
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US Firm, China Sign Potash Deal
Wall Street Journal
The agreement, set to be announced Monday, illustrates how demand from China is reshaping the market for agricultural goods. The U.S. last year exported 215,000 metric tons of potash, which is used to make potassium fertilizer for corn and other crops.
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Copper drops to 1-month low after weak Japan export data
Reuters
Exports to China, which overtook the United States as Japan’s top market in 2009, fell 14.1 percent in September from a year earlier, the biggest decline since January. Shipments to the European Union also dropped a striking 21.1 percent as Europe’s
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China Mobile Q3 net beats estimates as subscribers increase
Reuters
China Mobile, which has more than two times as many subscribers as the population of the United States, earned 31.1 billion yuan ($4.9 billion) in July-to-September, according to calculations by Reuters based on nine-month profit data released on Monday.
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US carrier cruises in disputed waters amid rivalry
TriValley Central
F/A-18 Super Hornets are seen on the deck of the nuclear-powered USS George Washington (CVN73) off the southern coast of Vietnam in the South China Sea on Saturday. A U.S. aircraft carrier group cruised through the disputed South China Sea on
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Chinese Investors Fear Chill in Canada
Wall Street Journal
Canada’s rejection of Petroliam Nasional Bhd.’s bid of roughly 5.18 billion Canadian dollars (US$5.21 billion) for a natural-gas producer has sown worry among big Chinese investors that Ottawa might be rolling up the welcome mat it long has had out for
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WHY IT MATTERS: High unemployment rate stokes worries about shipping US
Minneapolis Star Tribune
Mitt Romney says he wants to make the United States a more attractive place to do business by cutting corporate taxes and reducing regulations. Romney also says he’ll discourage companies from moving operations to China by pushing that country to let
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Prospect Global Signs $2 Billion Potash Accord With China
Businessweek
Prospect Global Resources Inc. (PGRX) signed a $2 billion supply deal with China’s Sichuan Chemical Industry Holding Group in one of the largest U.S. potash export contracts that may help it secure project financing. The Denver-based potash exploration
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World stocks mixed after US earnings disappoint
Boston.com
Japan’s Finance Ministry said exports plummeted 10 percent last month from a year earlier, hurt by financial and debt problems in Europe, and a surge in anti-Japanese sentiment in China. In September, a territorial dispute with China over disputed
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The presidential election and the risk of economic collapse
Fox News
The annual U.S. trade deficit with China is about $345 billion—and that represents a huge drain on demand for U.S. goods and services and the principal reason the American economy is growing slowly. Until 2008, Americans avoided recession by
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China Yuan Down Late on Weaker PBOC Guidance
Wall Street Journal
China’s yuan fell a tad against the U.S. dollar late Monday, after the central bank guided the local currency slightly weaker via a reference exchange rate on overseas dollar strength. On the over-the-counter market, the dollar was at CNY6.2547 around
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Imposing Tariffs on Chinese Plywood Will Hurt US, IWPA Says
Hardwood Floors (blog)
The International Wood Products Association (IWPA) on Thursday announced its opposition to a petition from U.S. plywood makers asking the U.S. government to impose import tariffs on plywood from China. The IWPA cited “devastating” unintended
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China’s last chance
GlobalPost
China’s Vice President and expected future president, Xi Jinping, listens to remarks by US Secretary of State Henry Kissinger ahead of his speech to US business leaders in Washington on Wednesday. (Jewel Samad/AFP/Getty Images). What do you think?
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China leftists urge parliament not to expel Bo Xilai
Reuters
Bo, 63, was widely seen as pursuing a powerful spot in the new political line-up before his career unraveled after his former police chief fled to a U.S. consulate for more than 24 hours in February and alleged that Bo’s wife Gu had poisoned Heywood to
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Young Voters List China and National Debt Among Top Foreign Policy Concerns
U.S. Politics Today
They view China as both an economic and military threat to the United States, and they closely watch China’s economic policies, military buildup, space exploration, and restrictions on Internet and speech freedoms,” said Paul T. Conway, President of
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Questions and answers on third presidential debate
U.S. News & World Report
The final debate of the 2012 campaign will be about foreign policy, although there’s certainly a strong connection between China and the U.S. economy. President Barack Obama has now had four years at the helm of U.S. foreign policy, and he ordered the
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China, American Election Roundtable to Include Fowler as Panelist
Wesleyan Connection (blog)
Erika Franklin Fowler, assistant professor of government, co-director of the Wesleyan Media Project, will be a panelist at a roundtable discussion at Yale University on Monday, Oct. 29. The subject is China and the American Election. Fowler will be
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China, India beating US in race for Africa
WND.com
The countries of East Africa are readily accessible from the Indian Ocean and account for an estimated 70 percent of India’s expanding export market in Africa. Analysts say East Africa is regarded by India as a natural extension of its domestic
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US role in the world: Is Washington’s influence waning in Latin America?
GlobalPost
Follow @alexleff. As Washington gazes elsewhere, in Latin America countries are growing a whole new class of consumers, some are re-electing anti-US strongmen and China is stealing the show. It’s a mixed scorecard. Would either candidate do anything to
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Japan, US Call Off Naval Drill for Fear of China’s Reaction
Journal of Turkish Weekly
Japan has decided to cancel its planned joint naval drill with the United States fearing that it would provoke a negative reaction from China, the Japan Times daily reported citing an unnamed source in the government. According to the scenario of the
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Emerging Chinese Ultra Wealthy To Over Take North American Uber Wealth By
World Property Channel
To put this overnight Chinese affluence into perspective, the United States is still the world’s wealthiest country with 60,280 UNHWIs accounting for $8.28 trillion, according to Wealth-X. Meanwhile, despite the weakness in global markets and the tepid
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China: A Top US Domestic Policy Issue?
The Globalist
China has played a considerably different role in the 2012 U.S. presidential campaign than in previous campaigns. Where U.S. politicians used to proclaim “the Chinese don’t share our values,” they now say “they’re beating us.” As David Firestein of the
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Romney’s ‘China Syndrome’
Huffington Post
Thousands of students, like mine, come here every year to study, in search of some ideal they can take with them back to China to reinvigorate their corrupt, autocratic but developing society. They, like us, abhor a society that is ruled by a tiny
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China determined to be new kind of great power in 21st century
Global Times
When attending the fourth round of the ChinaUS Strategic and Economic Dialogue in May, Chinese President Hu Jintao stated explicitly that China will be a new kind of great power in the 21st century. A new great power is one that doesn’t enter into
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An eye on Si-fi
China Daily
Although Liu was born in Lanzhou, capital of Gansu province, and lived there until he was 11, he now views himself as an American writer working in the Western literary tradition, he tells China Daily. But his “Chineseness” is still an important
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Hey Mitt, America can’t beat China (and it’s all Dwayne Wade’s Fault)
Politic365
But for some reason Americans just haven’t been able to muster that same level of jingoistic anger against China. Mitt Romney has been trying to make U.S. relations with China a key point of his foreign policy and economic assault on Obama China but it
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China’s currency rises in the US backyard
Financial Times
The Republican presidential candidate Mitt Romney last week repeated his promise to declare China a currency manipulator on his first day in office. Even discounting the “get tough on China” bluster of the campaign season, this remark encapsulates
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Reality will rule after US polls
China Daily
Beijing must be thinking that the American presidential election in November cannot come too soon after a prolonged period of the two candidates trying to outdo each other on who is tougher on China. Compared with many Western nations where election
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China Bashing in US Presidential Race
Live Trading News
China bashing is routine for the US presidential race this year, as both Democratic and Republican candidates want to appear tough on China. Like previous US presidential races, China is neither the core topic nor ultimate target for the election this
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Australia to use UN Security Council seat to support US militarism
World Socialist Web Site
Even as the danger of conflict between the US and China grows, the Gillard government has unconditionally aligned itself with Washington. Last November, it offered up the north and west of the Australian continent as a key military staging base for US
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China: The Jobs Report
Wall Street Journal
In the U.S., unemployment at 7.8% was a key factor in pushing the Federal Reserve to a fresh round of quantitative easing. In China, a robust labor market is a main reason for the government’s policy restraint. Data collected from local employment
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Foreign schools woo Chinese students
China Daily
The China Education Expo 2012 kicked off on Saturday in Beijing, attracting more than 500 overseas institutions and education bureaus from 38 countries and regions across the world, with new national faces stepping into the world’s largest recruitment
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USGC sees strong corn crop in China
Agri News
WASHINGTON — Driven by higher yields and increased acreage, China’s corn production is projected to set a new high-water mark, according to the U.S. Grains Council harvest tour findings. “There was a record crop last year, and we see an increase in
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Firms target US for China on the cheap
Financial News
Buyout firms have been involved in nine situations involving publicly listed Chinese firms going private since 2010, according to a report released by Roth Capital Partners earlier this month. One such company to receive an approach is China’s US
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