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U.S. China News 2012.11.29

Thu, November 29, 2012

Michigan Couple Stole GM Secrets for Chinese, US Says
Bloomberg
(GM) engineer and her husband should be convicted of stealing the automaker’s trade secrets related to hybrid-car technology to help develop such vehicles in China, a U.S. prosecutor said at the end of trial. To contact the reporter on this story
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Trina Leads Solar Jump on Yingli Outlook: China Overnight
Businessweek
Trina Solar Ltd. (TSL), China’s third-largest maker of solar panels, drove gains in the Bloomberg ChinaUS Equity Index (CH55BN) of the most-traded Chinese shares in the U.S., which added 0.5 percent to 91.93 yesterday, after falling in the previous
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Wu Shengli meets with US Navy Secretary
People’s Daily Online
Wu Shengli said that as the most important bilateral relations in the world, the ChinaU.S. relations have a vital influence on the Asian-Pacific region and the world at large. To establish bilateral relations featuring equality, mutual benefit and win
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Pakistan serving US interest in Asia-Pacific
Kashmir Watch
This US shifting span of attention from Iraq and Afghanistan towards China to contain China’s growing assertiveness in Asia pacific is getting serious attention of all the analyst around the world as well as government authorities around the globe. It
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China’s Future Premier Shrugs Off US Election’s China Bashing, Says ‘Trust Us
Wall Street Journal (blog)
China’s future premier shrugged off the China bashing of the U.S. presidential-election campaign, suggesting that the harsh words are now behind the two countries and that Washington has nothing to fear from Beijing. Li Keqiang, named to the No. 2 spot
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US easing a worry but gold profits help, CIC chief says
South China Morning Post
Gao, who runs China’s US$482 billion sovereign wealth fund, said he is “not quite convinced” about the US economic system, which he said makes the government print money to satisfy the needs of certain interest groups. “You cannot spend more than you
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China vs. US tech: Tit-for-tat
CNET
It looks like China is now prepared to respond to a recent US congressional study that identified Huawei and ZTE as potential risks to national security. Tech in Asia recently noticed a number of news reports surfacing in China that describe US tech
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China considering attending US-hosted military exercise
Reuters
BEIJING (Reuters) – China’s Defence Ministry said on Thursday it was considering a U.S. invitation to attend military drills in the Pacific, in what would be a rare case of cooperation between the countries that share deep military suspicions. Asked to
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China criticizes EU and US for lack of ambition to fight climate change
Economic Times
Suggesting that China viewed US’s actual actions on climate change very dimly, Su said, “We would very much hope US would get back on track with a more proactive climate policy and really to turn those policies into real actions, real contributions to
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China overtaking US as global trader
Malaya
In just five years, China has surpassed the United States as a trading partner for much of the world, including U.S. allies such as South Korea and Australia, according to an Associated Press analysis of trade data. As recently as 2006, the U.S. was
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US to raise concerns over China passport map
Asianjournal.com
A Chinese man holds up a Chinese passport with details on a page that shows dashes WASHINGTON—The United States said Tuesday it will raise concerns with Beijing over a map printed in new Chinese passports that is causing “tension and anxiety”
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US raises concern over China map with disputed territories
Rediff
The United States on Thursday came out in support of India [ Images ] and other neighbours of China on the issue of Beijing [ Images ] issuing passports having a map of disputed territories and that of parts of other nations. The State Department
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China Stocks Drop as Valuations Hit Low; Brokerages Drop
Businessweek
Chinese stocks declined for a fourth day, dragging valuations on the benchmark index to their lowest level on record, as brokerages tumbled amid speculation they may cut trading fees. Sinolink Securities Co. plunged by the 10 percent daily limit and
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Foreign Companies Must Stop Gaming Our System
Huffington Post Canada (blog)
This so far has been stymied because Russia refuses to let foreign commercial interests serve court papers on its companies, according to some arcane clause in a treaty. Similar attempts in the U.S. and UK have been laughed out of the courts, but not here.
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China To Overtake U.S. In Smartphone Installations By Early 2013
ReadWriteWeb
Share on: China To Overtake U.S. In Smartphone Installations By Early 2013. Mobile analytics company Flurry predicts that China will overtake the United States in global iOS and Android installations by early 2013 – and that’s a big.
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Rio Tinto Targets Over US$7 Billion in Cuts, Savings
Fox Business
Tom Albanese, Rio’s chief executive, said he was guardedly optimistic about the prospects for China but less so about the growth outlook for the U.S. and Europe. China accounts for around 60% of global imports of iron ore, which is Rio’s main revenue
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No China Price Hike for US Retailers
Wall Street Journal
Manufacturing wages in China increased 20% year-on-year in 2011. Prices for land and energy are also increasing. But the pass through to customers in the U.S. has been muted. U.S. import prices from China have fallen over the last year, according to
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China box office will surpass US by 2020: Study
Chicago Tribune
LOS ANGELES (TheWrap.com) – The Chinese box office, currently the second largest international market behind Japan, will exceed the U.S. box office by 2020, according to a report issued Wednesday by Ernst & Young. China’s entertainment market is
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China at the centre of global illegal timber trade, NGO says
Reuters
The EIA released its report “Appetite for Destruction: China’s Trade in Illegal Timber” in Beijing to highlight what it said was China’s lack of action, in contrast to major trading partners such as the United States. “China has built a vast wood
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USChina ‘to spur investors’
Gulf Daily News
MANAMA: Next year looks like it may be a repeat of 2012 with many of the same trends affecting markets. The hope and expectation is that the US and China growth should support Europe in making small steps of progress. That was the message from JP
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What If There Was a Cold War Between the US and China?
TIME
The relationship between China and America is only becoming more problematic. In the foreign policy debates ahead of the US presidential elections, Obama referred to China as an “adversary” for the first time. It’s not just about political posturing
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From ‘JK’ To ‘Eye Gunk’: Taking US Slang To China
WBUR
You’ve probably never heard of Jessica Beinecke, but she’s one of the best-known American women in China as the host of VOA’s hit Web show “OMG! Meiyu,” a video blog that teaches American English to Chinese students eager to understand the terms
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GM opens China research centre to focus on “new energy”
Reuters
“There’s tremendous people capability in China with more science and engineering graduates than the U.S., Japan, and Germany combined,” said Du. “China now ranks first in the world in the number of PhD candidates, and these are talents we want to
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China’s Wing Loong based on US Reaper drone
TG Daily
Indeed, the Chinese Wing Loong, or pterodactyl, was recently spotted at the International Aviation in Zhuhai. The model shown there bears a distinct resemblance to the US-manufactured Reaper. The drone is currently categorized as operational and
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US Not Neutral About Japan, Armitage Told Beijing
Wall Street Journal (blog)
The U.S. isn’t saying who it thinks has legal sovereignty over islands disputed by Japan and China in the East China Sea, but don’t mistake that stand for neutrality, says former Deputy Secretary of State Richard Armitage. Associated Press: Former U.S.
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US ‘welcomes’ China in naval drills
The News International
BEIJING: The United States welcomes China’s participation in US-led joint naval exercises next year, navy secretary Ray Mabus said Wednesday during an official visit to the country. “We welcome China’s participation in the Rim of the Pacific Exercise
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Japan carmakers: China production slumps
Financial Times (blog)
For example, Nissan said that outside the main production centres of the UK, Spain, US, Mexico (and China) production increased 79 per cent year-on-year to 58,818 units, mainly due to increased demand for the new Sylphy in Thailand, Sunny in India, and
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As China showcases carrier, global naval balance shifting
Reuters
With South China Sea tensions growing, the threat of Middle East conflict still very real and counterterrorism and counter piracy operations also demanding resources, demands on Western navies – and the U.S. in particular – seem ever-growing. Even as
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Neither China or US can be sole East Asian geopolitical power broker
Global Times
Liu holds that the increase in both China’s and the US‘ spheres of influence has turned East Asia into an arena where the two powers compete for clout. The US sticks close to most East Asian countries in the fields of economy, security and politics.
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US refuses to call China currency manipulator
RT
Yuan notes (AFP Photo / China Out). In a likely attempt to avoid tensions with China, the US Treasury Department on Tuesday refrained from calling China a currency manipulator, despite years of complaints about Beijing’s management of the yuan. In a Nov.
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Glogou Launches Products To Help US Companies Do Search Marketing In China
Search Engine Land
Everyone knows China is one of the hottest, fastest-growing markets for consumer goods, but how does a U.S. company become known by Chinese consumers via search marketing? One Silicon Valley-based company by the name of Glogou is working to
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Is Kim Jong Un the sexiest man alive? US joke finds place in China’s People’s
indiatvnews.com
Hong Kong media picked up the piece by U.S. satirical website The Onion a week ago while explaining to readers in Chinese that it was a farce. But from there, it jumped over the Great Firewall and landed into the official, irony-free Chinese media.
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China Will Top US as Biggest Film Market in the World by 2020: Study
Hollywood Reporter
China Will Top U.S. as Biggest Film Market in the World by 2020: Study. 8:32 PM PST 11/28/2012 by Clarence Tsui. share. Comments ( ). The country’s media and entertainment industry will grow by 17 percent annually until 2015 and will become the
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Outside the US, Weaker Demand, Slowing China Gains Have Auto Makers
Wall Street Journal
Automotive sales growth outside the U.S. is slowing with a slight downturn in the Chinese market and economic turmoil in Europe hurting consumer demand this year and into 2013. On Wednesday, forecasting firm LMC Automotive cuts its 2013 outlook for
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US drug executive seeks faster track for China approvals
The Olympian
China takes eight years longer on average to approve drugs than other major countries, and U.S. drugmakers are looking at ways to help speed things up, Eli Lilly & Co. Chief Executive Officer John Lechleiter said Wednesday.
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Obama, democrats want tax hikes while China advocates tax cuts on businesses
Examiner.com
Announced this past Monday, the Chinese government structured a round of tax cutting measures to help more than 900,000 companies throughout China by saving Chinese companies 22.5 billion Yuan or $3.57 billion in U.S. dollars. The reason? China is
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Top US Officer in Japan Weighs In on Troop Scandals
Wall Street Journal
Angelella said China is a beneficiary of the U.S. military presence in Japan, and denied that Washington’s strategic “pivot” toward Asia—its greater emphasis on security in the region—is aimed at thwarting growing Chinese military strength. “We’re
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Germany displaces China as US Treasury’s currency villain
Telegraph.co.uk
A chart published in the report shows that Germany has overtaken China to become the biggest single source of global trade imbalance, alone accounting for a large chunk of the US deficit. Switzerland is top sinner with a surplus of 13pc GDP, though the
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Li Keqiang Meets with US Businessmen Delegation
MFA China (press release)
Li Keqiang said that over the past 40 years, China and the United States of America have developed their relations from isolation into a cooperative partnership based on mutual respect and mutual benefit and cooperation between the two economies, never
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China’s investment on target to balance out ‘in 5 years’
AsiaOne
China’s outbound direct investment this year will pass last year’s to hit US$70 billion (S$85.95 billion) and is set to increase in 2013, Chen said at a financial forum in Beijing. “Maybe in the next five to 10 years, China’s outbound investment and
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Toyota Says US Sales May Exceed 2 Million This Year
Businessweek
Toyota is increasing its reliance on the U.S., the company’s biggest market, as sales shrink in Japan and in China. U.S. deliveries of Toyota, Lexus and Scion models have risen 30 percent this year through October, more than double the industrywide 13
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US avoids using ‘manipulator’ tag
China Daily
The US Treasury Department on Tuesday continued a pattern of not labeling China a “currency manipulator”, but it said the yuan remains “significantly undervalued” and urged Chinese officials to move faster on its appreciation against the dollar and
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