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U.S. China News 2012.11.11

Sun, November 11, 2012

Spreadtrum Drops as Earnings Concerns Sink ADRs: China Overnight
Businessweek
Spreadtrum Communications Inc. (SPRD) posted last week the biggest slump since August, sending the benchmark index of Chinese stocks traded in New York lower, as the nation’s economic slowdown cuts into corporate earnings at a time the country is
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Shenlong Space Plane: China’s Answer To US X-37B Drone?
Huffington Post
As the next secretive flight of the U.S. Air Force’s robotic X-37B mini-shuttle draws closer, analysts are keeping a close eye on China’s own potential space plane, the Shenlong. Last year several Chinese media outlets reported a test flight of the
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Why we know more of the US than we do of China
Philippine Star
It is remarkable that China should be so near and its influence so pervasive in the Philippines, yet we know so little in general about the country. With the US elections and the 18th CPC National Congress happening so close to each other, we are able
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China wealth fund eyes Asia “as Western protectionism rises”
Chicago Tribune
BEIJING (Reuters) – China’s sovereign wealth fund will focus more of its $482 billion firepower on Asia in twin bids to beat a rise in protectionism in the West and boost exposure to rapid regional growth, chairman and chief executive Lou Jiwei said
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Red Dragon Rising: China to overtake US as top economic superpower
RT
The second largest economy in the world, China’s promising to increase its influence all across the globe. And as RT’s Lucy Kafanov reports, its ambitions are solidly based on its growing economic and military power. READ MORE: http://on.rt.com/a69z6b
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China says 18-year-old Tibetan self-immolates
U.S. News & World Report
BEIJING (AP) — An 18-year-old Tibetan villager died after setting himself on fire in northwest China in the latest of a half-dozen such self-immolations reported during the past week as the country’s communist leadership undergoes a once-a-decade
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Singles Day: China’s online shopping holiday
U.S. News & World Report
It is China’s answer to Cyber Monday in the United States — the day after Thanksgiving weekend, when online Christmas shopping begins and merchants have their busiest sales day. Companies that are rushing to cash in on the holiday range from Alibaba
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US solar panel duties could cost it China market
gulfnews.com
The US International Trade Commission voted last week in favour of duties ranging from 23.75 per cent to about 250 per cent, ruling that a flood of cheap solar panels from China had hurt US-based manufacturers. Similar cases are under way in Germany.
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Obama visit to firm up US policy on Asia
The Nation
The expected 80-hour stopover will embed the US presence and future power projection in the region in the context of China’s rising influence. It will also turn Asean into an arena where the world’s two superpowers can cajole, cooperate and compete.
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Cautious enforcer to be China’s next premier
U.S. News & World Report
“He just tried to escape from this crisis” at first, said Wan Yanhai, a prominent Chinese AIDS activist who fled to the United States with his family in 2010 following increasing police harassment. “He’s probably not a bad guy, but he’s not shown
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Hu Keeping Military Post May Weaken China’s Xi as Tensions Flare
Bloomberg
“In light of the U.S. pivot to Asia, China will want to maintain stability,” Lee Dongmin, an assistant professor at the S. Rajaratnam School of International Studies in Singapore, said by phone. “This is an important time. It’s likely that Hu will stay
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PhillyDeals: Is China power struggle really that scary?
Philadelphia Inquirer
Since China is our main world- power rival and top overseas trading partner – a growing focus for Cigna International, DuPont Co., Dow Chemical, General Motors, Google, TE Connectivity, and other big U.S. companies; a big market for American coal, meat
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US President’s kid brother transcends cultures in China
People’s Daily Online
11 (Xinhua)– While US President Barack Obama has been focused on getting re-elected and reviving the American economy, his half-brother, Mark Obama Ndesandjo, has been trying to save a three-year-old Chinese girl’s life. “She got a very serious heart
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Japan, US agree to look at revising defense pact
Asahi Shimbun
The governments of Japan and the United States have agreed to consider revising their bilateral defense cooperation guidelines, mainly to deal with a resurgent China, and determining what roles the Self-Defense Forces (SDF) and the U.S. military will
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Settlement seen as likely to give HTC US market boost
China Post
“The settlement would give HTC a greater advantage in its market positioning in the U.S.,” C.K. Lu, a Taipei-based analyst at the research firm Gartner Inc., told CNA. “HTC still values the U.S. market,” he said. “The case implies that although HTC has
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Fiscal cliff looms large for all of us
Herald Scotland
Stability of leadership has been confirmed in the US and China – now they need stability in their economies, or the world will suffer. By Ian Fraser. United States President Barack Obama may come to regret taking on the role of the policeman
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Aust troops may join US-Filipino exercises
The Australian
The Australian forces’ possible inclusion in the annual “Balikatan” exercises, which involve thousands of American and Filipino troops, would expand the US-Philippine drills that have infuriated China whenever they were held in the past near the South
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Ex-US official criticizes Ma at TAA holiday dinner
Taipei Times
Taiwan has dismantled its efforts to promote democracy in China and has instead turned its attention to integrating Taiwan’s economy with Beijing’s, a former US diplomat said on Saturday. In a stinging attack on the policies of President Ma Ying-jeou
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China ready to give more access to foreign investors
Taipei Times
China will “definitely” expand the quota provided to foreign investors under its Qualified Foreign Institutional Investor (QFII) program once the US$80 billion current allotments are filled, chairman of the China Securities Regulatory Commission (CSRC
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Taming the Dragon
MENAFN.COM
Among major issues, the US presidential campaign did not – and without comprehensive national review could not – clear up the daunting question of China. The policy differences between the two parties and their candidates, exaggerated for effect, were
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How Hu changed China: from hoarded cabbages to Starbucks and Jaguars, but
Telegraph.co.uk
Like the industrial revolutions that transformed Europe and the United States, China’s great changes have come at a price. As millions of Chinese adults left home to take jobs in factories in the south and east, up to 25 million children were “left
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Dynamics driving China’s policies
The Zimbabwe Standard
And over the last five years, Xi has spent a lot of time deepening his understanding of international matters, most particularly China’s relationship with the United States. He is the sort of leader the US leadership can do business with as he seeks to
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Why superpower leaders should leave well alone
Telegraph.co.uk
Seen from 40,000ft, both China and the US continue to make reasonable progress in adjusting to the problems created in the build-up to the 2008 credit crisis. China is becoming a bit less like the old China, and a bit more like the US, and the US is
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Chinese futures fall, traders eye US ‘fiscal cliff’
Global Times
This week, the markets will continue to focus on negotiations over the US fiscal cliff, renewed problems in the EU and the 18th Party Congress in China this week. E-mail · Print. Posted in: Markets. Follow @globaltimesnews on , become a fan on Facebook
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Fiscal Cliff, China Data Likely To Weigh On Asian Markets
International Business Times
Investors were concerned about the fiscal cliff, a term used to describe a raft of tax increases and spending cuts that will automatically take effect at New Year’s and threaten to push the U.S. back into recession if nothing is done by the Congress
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China to send next space mission in June
Rediff
China, only the third country to independently send a person into space in 2003, after the US and Russia [ Images ], plans to launch its next manned space mission in June next year, state media reported today. Like in the Shenzhou-9 mission, the crew
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US Election: The lessons for Europe
New Europe
First of all, Obama is going to realign US foreign policy by making Asia the top priority. There is a good reason for this, as the Organisation for Economic Co-operation and Development (OECD) announced that China’s economy will overtake the US as the
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No votes, no fuss. How China chose the man who will be the most powerful in
The Independent
Only once in a generation does a US presidential election coincide with a scheduled Chinese leadership change. This year the juxtaposition offered a special piquancy because of the perception that China is well advanced on its inexorable way up in the
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Taiwan’s solar firms cashing in on China’s disputes
Taipei Times
Other solar stocks also rose on Friday on hopes that trade disputes between China, the US and the EU will trigger more Chinese orders, with Gintech Energy Corp (昱晶) up 6.43 percent to NT$25.65 and Motech Industries Inc (茂迪) up 4.52 percent to
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China’s grid giant plans to quadruple overseas assets by 2020
Straits Times
BEIJING (REUTERS) – State Grid Corp of China plans to more than quadruple its overseas assets to between US$30 billion (S$36.7 billion) and US$50 billion by 2020 from the current US$8 billion, as the country’s dominant power grid distributor seeks to
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China’s Sany Group vows to ‘fight to the end’ in lawsuit against Obama
People’s Daily Online
10 (Xinhua) — China’s Sany Group Co., Ltd. reiterated Saturday it will “fight to the end” in its efforts to sue U.S. President Barack Obama for blocking its wind farm project purchase deal in the United States. The Chinese company last month filed an
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O brave new world
Global Times
The ChineseAmerican writer Gish Jen didn’t have an easy childhood growing up in the US in the 1960s. “At the time, America was not exactly an immigrant-friendly country,” Jen told the Global Times. “We were the only Chinese family in our area and me
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China, Australia Mulling Direct Currency Trading
CRIENGLISH.com
If the deal is reached, the Australian dollar would be the third major currency allowed to be traded directly against the Chinese currency, following the U.S. dollar and the Japanese yen. Other major currencies that have been used as intermediaries for
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China & India to be bigger than US, eurozone & Japan combined by 2030: OECD
Economic Times
LONDON: China’s economy is likely to overtake the euro zone’s this year, India is leapfrogging Japan and by 2030 the Asian pair will be bigger than the United States, euro area and Japan combined, the OECD said on Friday. In a crystal-ball exercise to
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Obama steers US towards focus on Asia
NEWS.com.au
Obama initially focused on cooperation with China but later hardened his line, boosting the US military role in the region as South-East Asian countries and US ally Japan accused Beijing of growing assertiveness in territorial disputes. The US election
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China to become largest robot consumer in 2014
Chinadaily USA
BEIJING – Demand for industrial robots is predicted to hit 32,000 units by 2014 making China the world’s largest robotics consumer. According to the International Federation of Robotics, the sector’s technology and production have gained momentum amid
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China turns corner on economy as party chooses new leaders
Reuters
Zhang Ping, head of the National Development and Reform Commission, was speaking to reporters on the sidelines of the 18th Party Congress at which outgoing President Hu Jintao said China should double its 2010 GDP and per capita income by 2020, as
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HIDDEN HISTORY: Batavia prepares for ‘The Bomb,’ 1955
The Daily News Online (blog)
This period was known as ”The Cold War,” a time of escalating tensions if not actual war between the West and Communist nations like the Soviet Union and China. (U.S. troops did fight a real war in Korea from 1950-53). The fear and paranoia was
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Hamish McRae: Four ways US can grasp deficit nettle
The Independent
What China has to do in the medium-term is almost the flip side of what the US has to do. It has to rebalance its economy towards consumption and away from excessive (and often ill-planned) investment. The Chinese have, so to speak, to save less and
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All in the name game[1]|chinadaily.com.cn
China Daily
Nothing’s lost in translation. In fact, the Chinese names of international brands in China give new meanings to the original nomenclature. Erik Nilsson shows you some examples. A white-collar Chinese urbanite might chat on his “Orion’s Belt” while
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