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U.S. China News 2012.11.30

Fri, November 30, 2012

Chinese, US soldiers complete disaster relief drill amid Asia tensions
Reuters
CHENGDU (Reuters) – Chinese and American soldiers finished a week-long disaster rescue exercise on Friday, furthering military ties between the two countries even as military tensions rise between China and U.S. military allies in the Pacific region.
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China’s top daily tells US to avoid fiscal cliff or lose clout
Reuters
BEIJING (Reuters) – China’s top newspaper scolded the United States on Friday for shirking responsibility as a superpower by prolonging uncertainty over how it will avoid a “fiscal cliff” that could put the world economy at risk. “American politicians
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NKorea preps rocket launch that would irk China
U.S. News & World Report
“If North Korea does carry out a launch, Beijing will not be happy,” said Evans Revere, a former senior U.S. State Department official and expert on East Asia. “It flies in the face of China’s request for North Korea to reduce tensions in the region
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India begins anti-dumping investigation on module imports from China, US
PV-Tech (blog)
The Indian Solar (PV) Manufacturers’ Association filed a dumping complaint against module imports from China, US, Malaysia and Taiwan in January 2012 with the Directorate General of Anti-Dumping and Allied Duties (DGAD) at the Ministry of Commerce.
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‘Heartwarming’ tale bonds Chinese leader, US family
China Daily
Students and faculty at the University of California, Davis heard a tale about a town in China with links to a now-deceased professor and the new Chinese leadership. Milton Gardner, who taught at UC Davis for 30 years and was instrumental in the early
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RPT-Pledges to fight global warming inadequate, US off track -study
Chicago Tribune
China, U.S., EU, Russia plan “inadequate” climate actions. * U.S. off track in implementing pledged emissions’ cuts. By Alister Doyle and Marton Kruppa DOHA, Nov 30 (Reuters) – Major nations’ policies are inadequate to limit global warming and the
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Iowa farmers cheer for ‘old friend’ Xi
China Daily
“He sees that opportunities to grow ChinaUS economic ties would benefit both countries,” said the 36-year-old farmer, who has been to China five times. “He also understands the importance of agricultural trade with Iowa and the US to ensure a safe and
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US questions Chinese plans in disputed seas
Philippine Star
WASHINGTON – The US State Department said it would question the Chinese government about reports Hainan will allow police from the start of 2013 to board foreign vessels that enter disputed areas in the South China Sea “to get a better understanding of
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Japanese Stock Futures, Australian Shares Rise on US Budget
Businessweek
The gauge traded at 14 times estimated earnings, compared with 13.6 times for the S&P 500 and 12.5 times for the Stoxx Europe 600 Index. The Bloomberg ChinaUS Equity Index (CH55BN) of the most-traded Chinese shares in the U.S. gained 0.4 percent
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US China Relations These Are the Steps Obama Must Take for a Successful
PolicyMic
At the moment, all signs point to a continued positive relationship between the U.S. and China. During President Obama’s recent tour of Southeast Asia, a meeting with Chinese Premier Wen Jiabao in Cambodia focused on economic cooperation, with
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US Treasury not to Term China as a Currency Manipulator
The Point
According to the US treasury Department, the Chinese currency remains undervalued; however, it did not termed the country as a currency manipulator. The Treasury Department, in its semi annual report on international exchange rates said that the
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Why Hollywood is getting cozy with China
Toronto Star
Christian Bale recently starred in a Chinese history epic, Flowers of War. Sci-fi thriller Looper, a U.S.China coproduction,featured scenic Shanghai imagery and cast Xu Qing as Bruce Willis’s wife. Hayden Christensen and Nicolas Cage are set to star
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China approves Wanxiang plan to buy US battery maker A123
Reuters
SHANGHAI (Reuters) – China’s government has approved a plan by Wanxiang Group Corp, a major Chinese auto parts maker, to acquire bankrupt U.S. battery maker A123 Systems Inc (AONEQ.PK), although a deal still hinges on the outcome of an auction
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China and US military in joint disaster exercise
AFP
CHENGDU , China — The Chinese and US militaries held joint disaster response exercises Friday, as Beijing increases its global reach and Washington continues its “pivot” to the Pacific. The joint drill, which saw officers from both nations express
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China says to consider attending US-hosted military exercise
Asahi Shimbun
BEIJING–China’s Defense Ministry said 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 confirm if U.S. Navy
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Chinese PV company secures high-profile US order
China Daily
SHIJIAZHUANG – Chinese solar photovoltaic enterprise Yingli Green Energy has inked a contract to supply 200-megawatt PV modules to a US clean energy project, sources with Yingli told Xinhua on Thursday. They said the order, valued at more than $10
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American Politicians Need to Step it Up, Because China is Killing Us in
Gawker
American Politicians Need to Step it Up, Because China is Killing Us in Political Sex As our wonderful presidential debates constantly reminded us, China is the biggest foreign threat to American world domination since Usain Bolt or something. I don’t
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Clinton: US Focus on Asia Not a Threat to China’s New Leaders
Voice of America
STATE DEPARTMENT — U.S. Secretary of State Hillary Clinton said Thursday that the Obama administration’s shift of military, diplomatic and commercial assets to Asia is not a threat to China. Secretary Clinton says China’s new leaders take power at a
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Why China Matters to US Investors
The Atlantic
U.S. investors are hearing a lot of gloomy predictions about a debt crisis leading to possible recession in the European Union, but there’s another region of the world where a slowing economy has the potential to impact the U.S. even more: China.
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Broadway direction
China Daily
This is due in no small part to Nederlander and his family, who have worked behind the scenes to raise Broadway’s international profile while bringing live entertainment from China to the legendary New York theater district and other parts of the US.
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PICC raises US$3.1b in Hong Kong’s biggest IPO this year
South China Morning Post
People’s Insurance Company (Group) of China, the nation’s biggest property insurer, raised HK$24 billion (US$3.1 billion) in Hong Kong’s largest initial public offering in two years, two people with knowledge of the matter said. PICC Group sold about 6
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Blind China activist’s nephew gets three years in jail
Reuters
Chen Guangcheng’s escape from house arrest in April and subsequent refuge in the U.S. embassy was deeply embarrassing for China, and led to a serious diplomatic tussle between the two superpowers. Chen had accused Shandong officials in 2005 of
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Copper Rises to Five-Week High on U.S. Budget, China
Bloomberg
China is showing signs of improvement, and people are feeling more confident that politicians in U.S. will be able to resolve the crisis,” Adam Klopfenstein, a senior market strategist at Archer Financial Services Inc. in Chicago, said in a telephone
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Crossed Lines: ZTE Gets Tangled In USChina Telecom-Gear ‘Cold War’
Forbes
To the U.S. national security apparatus, though, ZTE is in the wrong place at the wrong time. As a Chinese company building telecom gear, it is judged as a security risk, a label that speaks to mounting U.S. fears of Chinese cyberattacks and espionage
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Corruption the killer in China rail crash: US family
Sin Chew Jit Poh
SHANGHAI, Nov 30, 2012 (AFP) — More than a year after a train crash in China left his parents dead and his brother disabled, American Leo Cao still feels bitter grief, but also anger at what he sees as the real killer — corruption. Leo left China as
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China Economic Optimism Returns in Poll as Xi Beats Hu
Bloomberg
China’s domestic stock market has shown little sign of optimism on growth. The benchmark Shanghai Composite Index had fallen 10.7 percent this year through yesterday, compared with the 12.6 percent gain for the U.S. Standard & Poor’s 500 Index and an
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China bans rowdy game show for ‘wanton’ content
U.S. News & World Report
BEIJING (AP) — Chinese regulators suspended a broadcaster Friday after an unaired segment of a TV game show was leaked online showing a raucous shouting match about nudity between spectators and a woman who calls her daughter the next Lady
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US‘ return to Asia troubles all
China Daily
The United States‘ carrying its banner of return to Asia and the Pacific has triggered complicated changes in the way of thinking in the region. The return has become a sensitive topic for many decision-makers in the region. It seems they must make a
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China ‘naked’ whilst US is ‘armed-to-the-teeth’: China lashes out at US
TeleGeography
Chinese media has lashed out at US-based hardware firms, accusing vendors of posing a major threat to the security of Chinese data networks. ZDNet cites a report in Chinese language magazine China Economy and Information as saying that the nation’s
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Half a Billion Opportunities for US Businesses
Forbes
The rising Chinese middle class is the biggest story of our time. However, many US companies are missing the opportunity. US exports to China account for only 6 percent of China’s total imports. The major categories of US exports to China are in
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China will outshine US in movie market by 2020
Bizjournals.com
Recently, China passed Japan as the world’s second-leading movie market, and by 2020, Ernst & Young says it will surpass the United States. Gina Hall · Email | Twitter. It’s the world’s most populous country, and by the end of the decade it is expected
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Tariffs? No Problem. China’s Yingli Wins Contract For Huge California Solar
Forbes
Yingli Green Energy’s U.S. subsidiary this week won a contract to supply 200 megawatts of photovoltaic panels for a solar power plant to be built in the desert east of San Diego. That’s literally a big deal on two fronts. First, Chinese manufacturers
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US needs to manage its ties with India, China: Clinton
Firstpost
Washington: US needs to successfully manage its relationship with emerging powers like India and China, Secretary of State Hillary Clinton has said and insisted that the Obama administration’s shift of military, diplomatic and commercial assets to Asia
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Good Sino-US relationship important to world peace: Kissinger
China Daily
HAMBURG, Germany — Former U.S. State of Secretary Henry Kissinger said on Thursday a sound U.S.-Sino relationship is important to world peace and development of the world. Kissinger said in his talks with Wan Gang, minister of science and technology
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Yum’s shares tumble after China sales warning
Reuters
Yum has broad geographic reach in China, where a growing middle class is attracted to Western brands. While China remains the world’s fastest-growing major economy, American companies ranging from jeweler Tiffany & Co (TIF.N) to blue jeans seller Levi
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A rebalancing that is way out of kilter
China Daily
Soon after the US President Barack Obama was reelected, he traveled to Southeast Asia even though he faced a looming fiscal cliff and a showdown with Republicans in Congress on lifting the federal debt limit. The trip included the first visit by a
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The Chinese Are Coming, Should You Be Worried?
CNBC.com
among locals. Hong Kong dwellers say they increasingly feel pressure to learn Mandarin to survive in business. The small, sole-proprietor shops selling sundries, food, and jewelry with the sounds of the island’s native Chinese dialect Cantonese are
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Senior Chinese army officer to visit US
China Daily
BEIJING – Qi Jianguo, a senior officer of China’s People’s Liberation Army (PLA), will visit the United States for a defense consultation next month, it has been announced. On the invitation of the U.S. Department of Defense, Qi, deputy chief of the
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US Airways: Short-term profit or long-term growth?
MSN Money
Gellman’s general argument was that while capacity discipline has benefited U.S. carriers in the short-term, it has caused them to ignore the long-term value of expanding into the most rapidly growing emerging markets in China and South America. In his
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Remake of Red Dawn breeds hatred
China Daily
If Hollywood action movies are meant to entertain, the remake of the 1984 movie Red Dawn, which hit cinemas across the United States last week, is a huge disappointment in every way. Compared to many Hollywood blockbusters, Red Dawn, produced with
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Investors see revival led by US and China
Independent Online
THE WORLD economy is in its best shape in 18 months as China’s prospects improve and the US looks likely to avoid the so-called fiscal cliff, according to the latest Bloomberg Global Poll of investors. Two-thirds of the 862 respondents described the
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Apple To Sell iPhone 5, iPad Mini In China
InformationWeek
Apple did not say if or when the 3G/4G variants of its iPads will go on sale in China. In order to sell cellular-equipped versions, Apple would need to obtain regulatory approval from China. [ Apple holds a narrow lead against Android devices in the U
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