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U.S. China News 2012.11.13

Tue, November 13, 2012

ChinaUS common role, shared interests unchanged
Global Times
The political events in the world’s two biggest economies will undoubtedly have a global impact, as China and the US have a common role to play in maintaining regional and global peace and prosperity. They also share interests in seeking their own
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METALS-Copper gains on dollar, Greece, US fiscal woes lurk
Reuters
A weak dollar makes dollar-priced metals cheaper for European and other non-U.S. investors. “We keep getting positive data from the U.S. and China but the market is worried about Greece,” said T-Commodity consultant Gianclaudio Torlizzi. “Once again
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China sells jets, dabbles in Eastern Air revival
Reuters
ZHUHAI, China (Reuters) – China unveiled 50 new orders for its COMAC C919 passenger jet at the opening of the country’s main air show and promised to assist in the rebirth of one of the most famous names in aviation — defunct U.S. carrier Eastern Air
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First envoy to China sees risks in US alliance
The Australian
“We have absolutely no national interest in being a party to this contest,” Dr FitzGerald, Australia’s first ambassador to China, said in a speech marking the 40th anniversary of diplomatic ties with the Middle Kingdom. He said Australia’s decision to
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US, China transitions: different but similar
China Post
The international media made the usual observation that here were two systems working in ways that could not be more different. That is valid only up to a point, beyond which it only obscures the realities of the U.S. and Chinese systems. Externally, U
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Airshow: Airbus confident on China deliveries as EU row eases
Reuters
The EU said on Monday it would “stop the clock” for a year on plans to force non-EU airlines to adopt its Emissions Trading Scheme (ETS) in the face of opposition led by China and the United States, which say it would violate their carriers’ rights. At
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USChina Trade: Flatlining Year Over Year Growth
Business Insider
Some time ago, we discovered that we could diagnose the relative health of national economies by measuring the growth rate of trade between nations. Now that the data is available through September 2012, we’re updating our analysis of the relative
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From taboo to hot topic: China leadership talks about corruption
Christian Science Monitor
“When a complete and easy-to-supervise system is established, it will be the most efficient way to keep our family members and people around us in check,” said Yu. Under China’s legal system, new officials are supposed to file statements to party
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PepsiCo Opens China R&D Center as Competition Heats Up With Coke
Bloomberg
PepsiCo Inc. (PEP), the world’s second- largest soft-drink maker, opened its largest research center outside the U.S. in China today, as it seeks to boost sales in the world’s most populous country and the Asian region. The facility, on which the
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China feels heat from Hollywood
The Australian
The government’s instruction to China’s filmmakers follows a deal between Beijing and Washington in February that eased restrictions on the number of American films that could be shown in China. The deal, which was cobbled together in haste and signed
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China bulls look beyond U.S. problems
NASDAQ
optionMONSTER’s Heat Seeker system detected a surge of call volume in the iShares FTSE China 25 Index exchange-traded fund, which has been quietly outperforming the S&P 500 and other emerging markets in the last three months. More than 68,000
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What the US Can Learn From China: Stephen Roach
CNBC.com
While the U.S., Europe and China all have their economic challenges, the U.S. may want to adopt China’s approach of greater economic planning to deal with its issues, Stephen Roach, Yale University senior fellow, told CNBC’s “Squawk Box” on Tuesday.
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China’s Stock Futures Swing Between Gains and Losses on Economy
San Francisco Chronicle
The CSI 300 Index gained 0.5 percent to 2,251.85. The Hang Seng China Enterprises Index of Chinese companies traded in Hong Kong slipped 0.1 percent. The Bloomberg ChinaUS 55 Index, the measure of the most-traded U.S.-listed Chinese companies,
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China’s yuan hits record high on economic recovery
AFP
SHANGHAI — China’s yuan currency hit a record high against the US dollar on Tuesday, as a recovery in the domestic economy and US political pressure helped the unit strengthen, analysts said. Trade data released Saturday lifted confidence in the
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China repeats support for Palestinian UN bid
Reuters
BEIJING (Reuters) – China said on Tuesday it supports the Palestinian bid for U.N. observer status, with a vote on the matter at the United Nations later this month. China has traditionally had close relations with the Palestinians, but in recent years
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China grants record US$2.8b of foreign investment quotas in Oct
The Malaysian Insider
SHANGHAI, Nov 13 — China granted a record US$2.8 billion (RM8.4 billion) in quotas to overseas investors in October, stepping up efforts to open its capital markets amid slowing fund inflows. The country’s foreign exchange regulator said it awarded a
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Stock futures up as China worries ease
MarketWatch
NEW YORK (MarketWatch) — U.S. stock-index futures rose Monday, lifted by activity on the mergers-and-acquisitions front and after economic data showed China’s slowdown could be easing. Shares of Jefferies Group Inc. (US:JEF) rallied ahead of the open
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Airlines, Lawmakers to Push US Airline-Emissions Bill
Businessweek
Russia, China and the U.S. had objected to a planned expansion of the EU emissions trading system. Airlines for America, a Washington-based group that represents carriers, said that it was “cautiously optimistic.” “We believe a global sectoral approach
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Concern China banks under-reporting bad loans
MarketWatch
Of all 16 banks that have released the third-quarter results, only Industrial and Commercial Bank of China (US:IDCBY) (HK:1398)(CN:601398) and Agricultural Bank of China (HK:1288)(CN:601288) managed to reduce both the value and the ratio of NPLs
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US, Greek Worries Weigh Asian Shares
Wall Street Journal
Concerns over the U.S. fiscal cliff and Greece’s future in the euro-zone continued to drag on sentiment—especially in Australia, where the S&P/ASX 200 was down 1.5% to 4379.80, its biggest drop since late July. Chinese stocks fell sharply, with the
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Projects face greater checks
China Daily
As China develops rapidly it is experiencing environmental problems in a relatively short space of time that more developed economies had centuries to tackle, Zhou said. In 2012 alone, three violent protests against the construction of chemical
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Don Pittis: Canada’s best future export to China could be our democratic example
CBC.ca
And while China may not have a “fiscal cliff” per se — the latest economic bugaboo in the U.S. — it is just as uncertain whether Beijing’s new government will be able to solve its own brewing problem. A third similarity that Canadians politicians and
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Home Depot 3Q results edge up, beat Street’s view
U.S. News & World Report
NEW YORK (AP) — Home Depot Inc.’s net income rose slightly in the third-quarter, as glimmers of a housing market recovery and storm-preparation added to sales and offset costs related to closing stores in China. Results beat expectations and the
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Pennies from Heaven
China Daily
Demohour.com, the Beijing-based website that He co-founded in 2011, is China’s answer to kickstarter.com in the US, the world’s largest crowd-funding platform for creative projects founded in 2009. He says his goal is to connect niche ideas with their
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Promotions drive sales on Singles’ Day[1]|chinadaily.com.cn
China Daily
The sales revenue a few Chinese online retailers made this Nov 11 – a date set aside in China in honor of single people – was more than double the entire amount made in the US market last year on so-called Cyber Monday, or the day following
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US And Iraq ‘Winners From Energy Revolution’
Sky News
The United States is to become virtually self-sufficient in energy in the coming decades while Iraq is set to be the leading oil supplier to China, the world’s leading energy authority has said. The predictions have been made by the Paris-based
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US to be top oil producer by 2017, report says
Boston Globe
Birol noted, for example, that Middle Eastern oil once bound for the United States would probably be rerouted to China. US-mined coal, facing declining demand in its home market, is already heading to Europe and China instead. There are several
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China Feeling Its Oats
The National Interest Online
I told my Chinese colleagues that I was concerned about the direction U.S.-Sino relations were developing: we were on a collision course, and I was interested in hearing suggestions about how to change direction. I quoted Henry Kissinger who stated
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Muscatine delegation puts ‘best foot forward’ during trip to China
Quad City Times
Ping-pong diplomacy refers to the early 1970s exchange of ping-pong players between the China and U.S., which paved the way for President Nixon to visit Chairman Mao Zedong in 1972. Muscatine’s Sarah Lande, Deb Hutton and Tony Joseph
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U.S. Tariffs On China Show The Solar Power War Is Escalating Significantly
Business Insider
Their accusation: China was flooding the U.S. solar market with inexpensive, heavily subsidized solar panels that American manufacturers couldn’t compete with. That set off retaliatory actions from both China and the EU, according to Pete Danko at
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Brent Settles Below $110 as US Fiscal Worries Dominate
CNBC.com
Published: Monday, 12 Nov 2012 | 4:30 PM ET. Text Size. By: Reuters. Oil slipped in light, choppy trading on Monday, as markets balanced concerns about U.S. fiscal problems against geopolitical tensions and strong oil demand in China.
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China Airshow: Drone And Fighter Jet Unveiled
Sky News
China has taken the wraps off its latest military drone and fighter plane as the country builds up its defence capabilities. The unmanned Yi Long drone can carry two missiles and although it looks similar to the MQ-9 Reaper used by the British and US
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Stratfor: Regrouping American Foreign Policy
Global Economic Intersection
At the moment, the international system is built on three pillars: the United States, Europe and China. Europe, if it were united, would be very roughly the same size as the United States in terms of economy, population and potential military power
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Military clash in East China Sea unlikely: scholars
Focus Taiwan News Channel
13 (CNA) A military confrontation in the East China Sea is unlikely in the wake of the leadership shift in China and the recent elections in the United States, Taiwanese scholars said Tuesday. Tsai Ming-yen, professor of international politics at
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Huawei, ZTE risks ‘overstated’
China Daily
Speaking exclusively to China Daily, Mickey Kantor – who served as US trade representative from 1993 to 1996, followed by nearly a year as US secretary of commerce – said the report was politically motivated, coming as it did, in election year in the
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Sharpest dive for stocks in 3 months
China Daily
“Markets are getting a direct impact from the US, while investors are monitoring China’s Communist Party Congress.” said Kiyoshi Ishigane, a Tokyo-based senior strategist at Mitsubishi UFJ Asset Management Co, which oversees the equivalent of $70 billion.
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US to overtake Saudi Arabia in oil as China water runs dry
FXstreet.com
US to overtake Saudi Arabia in oil as China water runs dry. Tue, Nov 13 2012, 05:36 GMT | Forex Live. Related News. Forex Flash: An in-depth analysis of the US fiscal cliff – Westpac · Asian equity markets close in negative territory · US to overtake
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American Jobs and Trading with China: Not What You Think
Houston Chronicle (blog)
If only it were true that trade retaliation saved American jobs. If only. During this past presidential campaign both major party candidates intimated — if not outright threatened — to retaliate against the Chinese government for what they argued to
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Foreign carriers looking for a bigger slice of China’s market
China Daily
With the rapidly growing number of Chinese passengers flying abroad, foreign airline companies find it hard to resist the lure of the huge market in China. To meet the increasing demand from the world’s second largest economy, airline giants are going
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China Distance Education Holdings Limited Declares Cash Dividend to
Sacramento Bee
or the “Company”), a leading provider of online education in China focusing on professional education, today announced that its Board of Directors has approved and declared a special cash dividend of US$0.12 per ordinary share on its outstanding
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