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Nov 8, 2013

U.S. panel hears trade complaints, hope for China reform meeting

WASHINGTON (Reuters) – U.S. trade officials and industry groups on Friday aired concerns about Chinese trade protectionism while voicing hope that an economic agenda-setting meeting of China’s top leaders this weekend would launch deeper reforms.

The hearing on China’s compliance with market-opening pledges that got it into the World Trade Organization featured a mix of praise for recent signals of a new wave of reform and complaints about theft of intellectual property, discriminatory industrial policies, and trade restrictions.

Nov 6, 2013

China military hackers persist despite being outed by U.S. -report

WASHINGTON, Nov 6 (Reuters) – The disclosure early this year
of a secretive Chinese military unit believed to be behind a
series of hacking attacks has failed to halt the cyber
intrusions, a U.S. computer security company and congressional
advisory panel said on Wednesday.

A report by the cybersecurity company Mandiant in February
identified the People’s Liberation Army’s Shanghai-based Unit
61398 as the most likely culprit in hacking attacks on a wide
range of industries. China’s Defense Ministry denied the
accusations.

Nov 4, 2013

Biden to emphasize Asia pivot on trip to China, Japan, South Korea

WASHINGTON (Reuters) – U.S. Vice President Joe Biden will travel to China, Japan and South Korea in the first week of December, a trip designed to emphasize the U.S. commitment to a policy pivot toward Asia.

With events in the Middle East and domestic policy battles dominating President Barack Obama’s attention in recent months, questions have emerged about the extent of Obama’s commitment to this shift, particularly after the president canceled participation in two Asia-specific summits last month.

Nov 3, 2013

Tensions with allies rise, but U.S. sees improved China ties

WASHINGTON (Reuters) – With ties between Washington and many close allies strained because of eavesdropping revelations and differences over U.S. policies in the Middle East, the Obama administration can take some comfort from an improvement in ties with China.

A year after China’s President Xi Jinping took over the helm of the country’s ruling Communist Party, senior U.S. officials say they see increased cooperation on a range of issues from climate change to North Korea’s nuclear weapons ambitions. They also regard greater bilateral military contacts as an important safety valve if there are any potential flare-ups.

Nov 3, 2013

Analysis: Tensions with allies rise, but U.S. sees improved China ties

WASHINGTON (Reuters) – With ties between Washington and many close allies strained because of eavesdropping revelations and differences over U.S. policies in the Middle East, the Obama administration can take some comfort from an improvement in ties with China.

A year after China’s President Xi Jinping took over the helm of the country’s ruling Communist Party, senior U.S. officials say they see increased cooperation on a range of issues from climate change to North Korea’s nuclear weapons ambitions. They also regard greater bilateral military contacts as an important safety valve if there are any potential flare-ups.

Oct 31, 2013

Uighur leader questions China’s account of Tiananmen attack

WASHINGTON (Reuters) – The exiled leader of China’s Uighur ethnic minority community called on Wednesday for an international investigation into an incident in which a car ploughed into pedestrians in Beijing, after Chinese authorities arrested five suspected Uighurs over the attack.

The SUV vehicle burst into flames after being driven into a crowd on Tiananmen Square on Monday. The three occupants and two bystanders were killed, while dozens were injured. Police said it was a terrorist attack.

Oct 13, 2013

Lawmakers hope Senate leaders can break fiscal impasse as deadline looms

WASHINGTON (Reuters) – Lawmakers voiced tentative optimism Sunday that fiscal crisis talks between Senate leaders would pave the way to a deal to avert a government default and reopen the government, but Democrats and Republicans remained far apart on details.

As the clock ticked down to a Thursday deadline for raising the U.S. debt ceiling, necessary to avoid a possible government default that would roil world financial markets, both Democratic and Republican senators said the fact their leaders were meeting represented progress.

Oct 13, 2013

U.S. lawmakers hope Senate leaders can break fiscal impasse as deadline looms

WASHINGTON, Oct 13 (Reuters) – U.S. lawmakers voiced
tentative optimism Sunday that fiscal crisis talks between
Senate leaders would pave the way to a deal to avert a
government default and reopen the government, but Democrats and
Republicans remained far apart on details.

As the clock ticked down to a Thursday deadline for raising
the U.S. debt ceiling, necessary to avoid a possible government
default that would roil world financial markets, both Democratic
and Republican senators said the fact their leaders were meeting
represented progress.

Oct 11, 2013

IMF Asia chief bullish on Japan, China reform plans

WASHINGTON (Reuters) – The International Monetary Fund’s top official for Asia gave a thumbs up to reforms on the drawing board in Japan and China, welcoming changes to revitalize Asia’s two biggest economies.

Although Japan will not start to unveil structural reforms until later this month and China will not announce its plans until November, IMF Asia-Pacific Department Director Anoop Singh voiced confidence on Friday that Tokyo and Beijing were clearly committed to big shifts.

Oct 11, 2013

South Korea can manage U.S. debt woes, wary on Abenomics: finance minister

WASHINGTON (Reuters) – South Korea can cope with a U.S. debt stalemate if it is brief, and welcomes any boost Japan can get from Abenomics – unless Tokyo is using that policy to weaken the yen, the country’s finance minister said on Thursday.

Minister of Strategy and Finance Hyun Oh-seok also said slower growth in China, South Korea’s largest trade partner, would not create trouble for exporters if it meant a shift to consumption-led growth and away from high investment.