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U.S. China News 2012.11.07

Wed, November 7, 2012

Cooperation essential for future ChinaUS relations
Xinhua
BEIJING, Nov. 7 (Xinhua) — China’s attention to the U.S. presidential election shows how intertwined the two major countries have become. No U.S. president can avoid relations with China in the next four years, as bilateral trade is likely to top 500
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China, US, Europe battling over a shrinking global-trade pie
Los Angeles Times
It’s a testament to the Eurocrats that they have held it together as long as they have,” said Abramson, predicting a five- to 10-year period of recession or feeble growth on the continent, in the United States and potentially in China. Growth this year
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After Obama win, hope and relief in China
CNN
Hu Xijin, editor of the pro-Beijing Global Times, weighs in on Sina Weibo, China’s Twitter-like micro-blogging service, with this double-edged post: “Obama has been re-elected as the American president. Sincere best wishes to him and the U.S... The
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US trade panel finds harm from China solar panels
Businessweek
The U.S. International Trade Commission voted unanimously that Chinese companies have materially injured U.S. manufacturers, affirming its 2011 vote that launched a yearlong inquiry into low-cost Chinese products that U.S manufacturers blame for
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Chinese students weigh in on China, US relations
University of Delaware Review
During this year’s presidential debates, both candidates discussed China’s influence on the United States. Zijian Tang, a graduate student from China in the English Language Institute, said while he did not appreciate the negative comments made about
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US will maintain current Taiwan, China policy: scholars
Focus Taiwan News Channel
7 (CNA) The United States will not change its policy toward Taiwan and China in U.S. President Barack Obama’s second term, scholars in Taiwan said Wednesday after Obama’s re-election victory. Alexander Chieh-cheng Huang, former Mainland Affairs
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China congratulates Obama on re-election
AFP
BEIJING — Chinese leader Hu Jintao congratulated US President Barack Obama on his re-election, noting “positive progress” in Sino-US relations over the past four years, China’s foreign ministry said Wednesday. “President Hu Jintao and Premier Wen
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Embassy ballots give Chinese a glimpse of democracy ahead of power transfer
NBCNews.com (blog)
been counted. Huang, a retired professor of American history at Beijing Normal University and a Chinese national who has been casting ballots at U.S. election parties in China for about 25 years, said the Obama-Romney race was especially significant.
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US election party in Beijing: part celebration, part education
Los Angeles Times
The votes of Bai, Wang, Xu and Liu (all Chinese citizens) won’t actually be tallied in the American presidential race — the mock balloting was part of an election party hosted by the U.S. Embassy. A crowd of several hundred turned out for the event
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Pentagon Challenges Chinese Monopoly on Rare Earths: Commodities
Bloomberg
The Pentagon and Toyota Motor Corp. are trying to crack China‘s global monopoly on mining the most valuable rare earths used in unmanned military drones and electric-car motors. The U.S. Department of Defense and Asia’s biggest carmaker are working
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Chinese react favorably to Obama win
Detroit Free Press
The results came late Wednesday morning Beijing time, when most of China was at work, but some citizens followed closely online, on TV and at an election results party held in a Beijing hotel by the U.S. Embassy for Chinese guests and media to
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China Overseas Land Plans Bond Sale; Obama Wins US Presidency
Businessweek
(600383), Melco Crown Entertainment Ltd. (6883) and Global A&T Electronics Ltd. plan offerings. U.S. voters re-elected Barack Obama as president. China Overseas Land, a Hong Kong-based developer, plans to sell a total $1 billion of bonds, split between
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US, China disputes likely to remain following Obama’s win: scholar
Focus Taiwan News Channel
7 (CNA) China and the U.S. are likely to remain divided on issues such as arms sales to Taiwan, meetings with Tibet’s exiled leader, and the Diaoyutai Islands following President Barack Obama’s re-election, a Chinese scholar said Wednesday. “It’s a
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How the US Elections Went Down in China
The Atlantic
Chinese bloggers, activists, and journalists took a moment to reflect on politics within their own country after U.S. President Barack Obama’s reelection victory. The fascination with the presidential race, which we have noted before, starkly contrasts
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Most China Stocks Fall, Led by Financials; Miners Gain
Businessweek
Jiangxi Copper Co. led a gauge of material stocks to the steepest advance among industry groups as metal prices climbed on the prospect the U.S. will maintain stimulus policies. SAIC Motor Corp., China’s largest carmaker, jumped the most in a week
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New US govt needs to craft more constructive China policy
Global Times
As US President Barack Obama finally fended off Republican challenger Mitt Romney in Tuesday’s presidential race, it is hoped that the new Obama administration would set a more constructive tone in crafting its China policy. For four years, ChinaUS
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Obama’s return comes with renewed focus on region
Sydney Morning Herald
By volatile, read China. Romney looked set to spark a currency war with Beijing out of a misplaced diagnosis of America’s economic woes — blaming China for the US increase in debt — and the cost could have plunged the economies of Australia’s two
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US Congress: China’s cyberwarfare is becoming a serious problem for the
ExtremeTech
A draft report from the US Congress shows that Chinese cyberwarfare is a growing issue that leaves the United States vulnerable in a very serious way. Not only must the US face the fact that it is beholden to Chinese manufacturing and the growing might
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Longing to vote, Chinese ‘re-elect’ Obama
AFP
BEIJING — More than 200 Chinese citizens stepped up to a mock ballot box on Wednesday, overwhelmingly “re-electing” US President Barack Obama while reflecting ruefully on the lack of multi-party democracy in China. The world’s two biggest economies
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US finalizes steep tariffs on China’s solar panels
Asheville Citizen-Times
The U.S. government cleared the way Wednesday for imposing steep tariffs on solar panels imported from China, but analysts say the impact may be marginal because the tariffs were expected and contain a loophole. The International Trade Commission,
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USChina relations to stay the course in 2nd Obama term
China Daily
The culmination of the US presidential race on Tuesday would also seem to end the slew of anti-China remarks from both major-party candidates, but experts say the outcome won’t alter the nature of USChinese relations. By turns, the newly re-elected
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For global investors, Fed relief trumps fiscal angst after US poll
Reuters
“Second, Romney had talked of labeling China as an FX speculator and now that will not happen and that reduces the potential for tension between China and the U.S.“. That is particularly true for emerging market debt, which has been one of the best
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Obama Wins US Election 2012: What Next For ChinaUS Relations?
IBTimes.co.uk
China will have welcomed the outcome of the US presidential election, albeit without great enthusiasm. Beijing has grown accustomed to President Obama and believes it knows how to handle him. That is preferable to the unknown Mitt Romney, with his
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Lift the standard of debate about China
The Australian
It is therefore critical for Australians to understand China, and for us to develop skills that allow us to realise the opportunities that provide the best fit for our nations. During the past few weeks, I have travelled around Australia talking to
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UBS’s Friedman Says U.S. Economy on Right Path, Likes China
Bloomberg
Alex Friedman, global chief investment officer at UBS AG (UBSN), comments on the outlook for the U.S. economy following the presidential election, and his investment strategies for the U.S., Europe and China. He spoke in an interview with Zeb Eckert on
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China ties will not change regardless of US poll outcome
BDlive
Assuming President Barack Obama can make it to a second term, there is unlikely to be much of a revision in the US stance towards China, even if his “strategic tilt to Asia” will continue to cause a frown in Beijing. Republican presidential candidate
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Superstorm Sandy could spur US to re-engage on climate change
China Daily
But environmentalists say the world’s biggest emitter, after China, of carbon dioxide can and should do more. “In his second term, the president can encourage action to keep the US on a low-emissions trajectory for the long term, while expediting the
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US anti-outsourcing is aimed at manufacturing in China and not IT in India
ComputerWeekly.com (blog)
Barack Obama won his second term in office and while most non Americans and probably Americans breathed a sigh of relief. But suppliers in low cost nations that provide products and services to the US might be a little afraid of his plans for reducing
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In Obama win, China sees key prize: stability
Christian Science Monitor
In this June 18 file photo, Chinese President Hu Jintao (r.) and US President Barack Obama, take their places with other leaders for the family photo during the G20 Summit in Los Cabos, Mexico. Hu Jintao and Chinese premier Wen Jiabao sent
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US classical composer Elliott Carter dies at 103
China Daily
US classical composer Elliott Carter dies at 103. Updated: 2012-11-07 10:11. By Deepti Hajela in New York ( China Daily). Comments() Print Mail Large Medium Small. Critics admire his complex and challenging work. Classical composer Elliott Carter
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‘Pause in China-bashing game’ sought
UPI.com
While giving extensive coverage to the U.S. presidential election and quickly reporting U.S. television networks’ projection of Barack Obama winning a second term, Xinhua said this year’s U.S. campaigns marked “the first time that the China topic has
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US trade panel OKs five-year duties on China solar products
Reuters
WASHINGTON Nov 7 (Reuters) – The United States on Wednesday gave final approval to duties on billions of dollars of solar energy products from China for the next five years, providing struggling U.S. producers with a partial buffer against lower-priced
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Mexico: Investors’ New China
Investorplace.com
The surge in Chinese non-private urban wages — up 14.3% year-over-year in 2011 to 42,452 yuan (US$6,717) — is a major culprit for the shift. Chinese wages at privately held companies also grew 12.3% on an inflation-adjusted basis in 2011. Mexico
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US election coverage: don’t mention China
Crikey
The first is the US elections, the second is the looming change of leadership in China which is arguably of greater importance to Australia. One tells us where, in the Asian Century and the media’s carping about the government’s white paper, the local
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Markets plunge on US policy gridlock fears
WBTV
Also on investors’ radar is Thursday’s opening of China’s Communist Party congress – the once-in-a-decade forum to name China’s top leadership. Although current Vice President Xi Jinping is almost certain to be China’s next leader, markets will be
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Briton murdered in China fed tips to British intelligence
Reuters
The alleged murder plot against Heywood began to unravel after Chongqing’s former police chief, Wang Lijun, took refuge briefly in a U.S. consulate in China and reportedly told American diplomats about Gu’s role in Heywood’s murder and her husband’s
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AmCham Shanghai Launches SME Center to Support U.S. Small Businesses
Sacramento Bee
The launch event was attended by both U.S. and Chinese government officials who have responded enthusiastically to the AmCham Shanghai SME Center, citing it as an example of a public private partnership that will contribute to bilateral trade relations
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Alliance with US is not anti-China
The Australian Financial Review
But China is not the USSR and is not being contained by the US because there is no need for that so long as a balance of power continues and China does not develop expansionist ambitions. Neither Australia nor the US has an “adversarial attitude” to
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U.S. colleges open American Cultural Centers in China, using State Dept funds
San Francisco Luxury News
Something new and unexpected is happening in China that displays an unusual take on diplomacy for U.S.China relations. U.S. colleges have created “American Cultural Centers” in partnership with Chinese host universities, and the program is funded by
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USChina relations in Obama’s second term
Radio Australia
In his victory speech, Mr Obama’s focus as you might imagine was on America and Americans, but he also gave a hint of what the rest of the world can expect over the next four years. First and foremost Barack Obama faces huge problems at home: a massive
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Sony PlayStation certificate sparks talk China may lift console ban
Chicago Tribune
“The Ministry of Culture has the regulatory authority over the console segment and is the sole organization that can revoke the ban,” said Lisa Cosmas Hanson, managing partner of U.S.-based video games consultancy Niko Partners. The China Quality
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In China, Curiosity and Indifference Toward US Election
China Digital Times
According to Sina Weibo, there were more than 3.4 million tweets about the U.S. election in the past 24 hours. Why the intense interest in an election in a distant country? Or as @黑tian长政 queried, “Obama is re-elected, why do I feel happy too? But I
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Chinese Leaders Congratulate Obama on Re-election
CRIENGLISH.com
Hu said he and Obama have reached consensus on building a ChinaU.S. cooperative partnership based on mutual respect and mutual benefit, and on exploring the construction of new relations between big powers. Bilateral mechanisms including the
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Beijing relieved as US campaign – and hopefully ‘China-bashing’ – comes to a
Globe and Mail
Mr. Obama, who instigated a redeployment of U.S. military assets from the Middle East to Asia, in part to counter the growing strength and assertiveness of the People’s Liberation Army, has also boasted about his get-tough trade measures towards China.
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