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U.S. China News 2012.11.19

Mon, November 19, 2012

ChinaUS Operation Busts Counterfeit Ring
RIA Novosti
BEIJING, November 19 (RIA Novosti) – Chinese police have arrested 73 people engaged in producing fake luxury brand handbags and selling them abroad, local media report on Monday. Chinese and American law enforcement professionals cooperated in
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COLUMN: Re-thinking USChina relations
Reuters
NEW YORK Nov 19 (Reuters) – The United States and China have been searching for a new way to frame their relationship. President Barack Obama’s trip this week to Southeast Asia, the focus of much U.SChinese tension, reminds us that with new
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Tensions flare over South China Sea at Asian summit
Reuters
The acrimony provided an uneasy backdrop to U.S. President Barack Obama’s arrival in Cambodia for a regional summit where he is expected to urge China and Southeast Asian nations to resolve the row, one of Asia’s biggest security issues. Japanese
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China Watching Obama’s Burma Visit
Voice of America
It is part of what the Obama administration calls a “rebalancing toward the Asia-Pacific” – a move toward greater U.S. military, diplomatic, and commercial presence in Asia that has caused anxiety in China. “The idea is to persuade the Chinese that the
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China’s Xi warns party of corruption scourge
U.S. News & World Report
“The large number of facts tells us that if the problem of corruption becomes increasingly severe, it will lead to the ruin of the party and the country!” Xinhua quoted Xi as saying in a speech that can be read as an indication of the priorities of the
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HSBC in talks to sell US$9.3b China Ping An stake
The Sun Daily
HONG KONG (Nov 19, 2012): HSBC said it was in talks to sell its US$9.3 billion stake in China’s Ping An Insurance, stepping up a programme by Europe’s biggest bank to shed non-core parts of its business to boost profitability. HSBC spent US$1.7 billion
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Economies recover thanks to ChinaUS-YUM, ROK, KMB, DHI
BasicsMedia
Both the U.S.A and China showed signs of strong rebound in world economy, with U.S.A seeing increase in demand for housing and employment, while China’s increased production output from its factories were a positive sign in contrast to Japan and
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China’s economy recovering but torrid growth over
U.S. News & World Report
China is recovering but the days of double-digit growth are gone. Faced with falling returns from a three-decade-old growth model fueled by exports and investment, Beijing is trying to rebalance the economy by promoting consumer spending, service
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US ratings agencies face Chinese challenge
Deutsche Welle
However, China’s independent ratings agency Dagong Global Credit is preparing a challenge which could challenge the US agencies. In October, it announced plans to form a joint venture with Russian agency RusRating and Egan-Jones Rating, the fourth
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Treasuries’ Foreign Buying Doubles China’s $123 Billion Cut
San Francisco Chronicle
The rise in international ownership shows growing confidence in the U.S. while China’s reduced stake undermines Republican assertions that the nation has gained too much influence. President Barack Obama and Congressional leaders agreed Nov.
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China to hold trade talks with Japan, South Korea
Reuters
A Japanese official confirmed that talks were scheduled on Tuesday afternoon involving China’s commerce minister, Chen Deming, and Japanese Trade Minister Yukio Edano. Pursuing free trade agreements, including a U.S.-led Trans-Pacific Partnership
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Made In America Has A New Ring
Forbes
It is no surprise that 80 percent of U.S. consumers and, but over 60 percent of Chinese consumers say that they are willing to pay more for products labeled “Made in USA” than for those labeled “Made in China,” according to new research released by The
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Fu helps Sinopec navigate overseas
China Daily
Shortly after Fu Chengyu became chairman of China Petroleum and Chemical Corp, or Sinopec, the company arranged to have an interpreter accompany him to an event where he was to speak to foreign guests. There, the 61-year-old gave practically
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US and China could play ‘fiscal chicken’ under Fatca, expert warns
Risk.net
This month the IRS released a list of 50 countries that are on the road to signing an IGA – either finalising models for IGAs, engaged in dialogue for pursuing an IGA or conducting initial negotiations. China was not on the list as being at any level
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On campus, USChinese interaction is surging
AsiaOne
An influx of young Chinese, along with steadily rising enrollments from Saudi Arabia, has enlarged the international student body at US colleges and universities, according to a report issued this week. One-quarter of the 764,321 international students
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Chinese Economic Espionage Is Hurting the Case for Free Trade
Heritage.org
Trade and investment with China benefits the U.S. This is evident in choices made by individuals and companies every day to buy Chinese goods and work with Chinese partners. Indeed, American business has been the chief proponent of a sound
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America’s Trouble with China
Project Syndicate
WASHINGTON, DC – Xi Jinping, China’s newly anointed president, made his first visit to the United States in May 1980. He was a 27-year-old junior officer accompanying Geng Biao, then a vice premier and China’s leading military official. Geng had been
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Chinese Telecom Firms Pose a Threat to US National Security
U.S. News & World Report
The investigation by the House Intelligence Committee into whether Chinese firms should be blocked from the U.S. telecommunications market was appropriate because they had an obligation to shed light on a growing and significant set of national
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Yuan Reaches Upper Limit on Optimism for US Budget Resolution
Businessweek
China’s yuan reached the upper end of its trading limit on speculation the U.S. will succeed in avoiding the so-called fiscal cliff that threatens to push one of the Asian nation’s biggest export markets into recession. Regional currencies and stocks
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America’s unhinged ‘pivot’
The Australian
In fact, after raising Asians’ expectations of a more robust US response to China’s growing assertiveness, the Obama administration has started to tamp down the military aspects of its “pivot,” emphasising instead greater US economic engagement.
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Alliance to help Chinese firms in US
China Daily
A new business alliance has been formed in the United States aimed at offering business advice to Chinese companies there and helping resolve future trade disputes between firms from the two countries. It is hoped that the Chinese Companies in America
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Tencent, American Express create online payment service for overseas websites
China Daily
Tencent Holdings Ltd, China’s biggest Internet company in terms of sales, has teamed up with US credit card issuer American Express Co to allow its online payment service users to shop on overseas websites. The move comes as Tencent tries to fend off
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Philippines divided over US return to Subic Bay
Brisbane Times
This time the anti-US campaigners will encounter stronger opposition amid heightened tensions over China’s territorial claims in the South China Sea after a stand-off between Chinese and Philippine ships at the disputed Scarborough Shoal, off the
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Region to benefit from China, recovering US, economists say
The Nation
Should the rising tension in the South and East China seas not escalate further, Thailand and the whole region will benefit from the resilience of the Chinese economy and signs of a US recovery, analysts say. Though the new Chinese leaders promise to
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Chinese Stocks Rise as Shanghai Index Rebounds
Businessweek
The CSI 300 Index declined for a third day, losing 1 percent to 2,156.30. The Hang Seng China Enterprises Index (HSCEI) of Chinese companies traded in Hong Kong gained 0.3 percent today after U.S. President Barack Obama expressed confidence that he
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CrossTalk on China: Generation Next
RT
What to expect from China’s new leadership? How assertive will its foreign policy be over the next decade? How worried should the West be over its growing military and sea power? What are the chances of a USChina confrontation in the next 10 years?
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China must learn to acquire own market info
China Daily
This is a tragedy for some Chinese crushers. The rare drought in the United States this summer pushed up soybean prices in the futures market and also promoted panic buying around the world. Prices of both soybeans and bean pulps hit historic heights.
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Copper up on hopes for US fiscal fix
Independent Online
Copper rallied more than 1 percent on Monday as risk appetite improved amid hopes that US lawmakers would avert a looming fiscal crisis and as investors took comfort from a smooth leadership change and better economic prospects in China. Leading US
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Silicon Valley Firms Seek a Bigger Piece of China’s Technology Pie
The American Lawyer
Many of those companies choose to have U.S. initial public offerings due to the larger community in America of tech-savvy investors and analysts, as well as the fact that the New York Stock Exchange and Nasdaq, unlike the major exchanges in China or
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NZ joins rival deal as US ups ante
New Zealand Herald
United States President Barack Obama will convene a meeting in Cambodia today on the Trans-Pacific Partnership which threatens to overshadow the launch of a rival trade deal involving China at the East Asia Summit (EAS). Prime Minister John Key is
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US (TX): Late Chinese New Year means lower pecan prices
FreshPlaza
As the Chinese New year falls in mid February next year Chinese buyers can afford to wait until after the peak US demand during Thanksgiving and Christmas, before they place their orders. “The Chinese have bought a good many pecans but are more
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China’s Economy: Two Views, Both Bad for Europe
CFO.com Magazine
He believes that, at some stage during U.S. President Barack Obama’s second term in office, China will, in effect, “devalue the dollar and abandon its support of the U.S. Treasury market.” Savouri believes that “President Obama was lucky that China
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Do unto China what China does to us
Toronto Sun
The United States Congress has just completed a report on the possible dangers of doing business with China. Its conclusions are relevant to Canada as this country struggles to decide whether to let the Chinese National Overseas Oil Corporation (CNOOC)
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Letters from America: Chinese Students’ Economic Contributions to the United
China Briefing
19 – A lesser known part of the U.S.China (and U.S.-Asia) relationship is the huge amount of income many American states now generate through the sale of education to students from Asia. Close to US$5 billion was generated last year through the
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China, Asean Downplay Sea Disputes as Economic Concerns Grow
Businessweek
Southeast Asian leaders sought to ease tensions with China over maritime disputes before a regional summit tomorrow involving U.S. President Barack Obama as concerns persist over weaker demand in the global economy. The Association of Southeast
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Animal care to get injection of skills
China Daily
China and the United States are cooperating on a program to improve veterinary training in China. Four students from Chinese universities have already been selected to begin one-year pre-vet studies in the US. The students are expected to further their
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Obama courts Burma as US pivots to Asia
Sydney Morning Herald
Hundreds of people waving US flags, many of them children, lined the streets of Burma’s largest city Rangoon to welcome Mr Obama, the first sitting US president to visit the country that is strategically located between two big regional powers China
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US destroyer docks in Manila Bay
gulfnews.com
Analysts said the increased US military presence of China is meant to contain China’s flexing of military might in the South China Sea. The Philippines and Vietnam have had encounters with China’s presence in the contested sea lane. China, Taiwan, and
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China isn’t only game in town
Malay Mail
China’s belligerent behaviour has unnerved other Asian nations, prompting their leaders to put out a large welcome mat for the US. It is an ideal juncture for the US in a region that is home to most of the world’s people, many of its geopolitical
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US and them – Aaron Woolner column
Risk.net
Record numbers of Chinese are giving up their US green cards, according to the South China Morning Post (SCMP), and returning to being full-time citizens of China. But it’s not patriotism that is driving this trend, but instead cold hard cash. Or more
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Locals blame USChina solar fight for Suntech layoffs in Goodyear
Bizjournals.com
While Wuxi, China-based Suntech puts the blame on both, local officials focused on the federal policy implemented last week by the U.S. International Trade Commission to impose tariffs on the Chinese companies as the main culprit. Click below for the
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GM’s China micro-van joint venture opens new plant
MarketWatch
s (NYSE:GM) micro-van joint venture in China has opened a new passenger car-manufacturing plant in the southern part of the country, as the U.S. auto maker looks to challenge China’s home-grown brands in the low-cost car segment. SAIC-GM-Wuling
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Pambassadors tell world of pandas’ plight
China Daily
Pouille’s fellow Pambassadors are Chen Yinrong from China and Melissa Katz from the United States. “All three of us shed tears after learning we had become the winners,” said Chen, 26, a journalist from a magazine in Shanghai. Katz, Chen and Pouille
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ChineseInvestors.com Successful Launch of Financial News TV Program in
NASDAQ
COM (OTCBB:CIIX), a provider of business and financial news in China announced the successful launch of their one-hour live television financial news program focused on the US Financial Marketplace in Shanghai, China. Titled The US Financial
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