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Huanqiu Opinion Article: It’s about Time to Let Australia Pay the Price

Duowei News reported that, on May 22, the Guardian reported that Australian Foreign Minister Julie Bishop raised objections to China’s military activity in the South China Sea during the G20. On May 22, Huanqiu published an opinion article which stated “It’s about time to let Australia pay the price.” According to the article, last year Australia and China’s relationship hit rock bottom. Australian officials have constantly complained to the media about China’s infiltration and interference in Australia. All the negative media coverage not only hurt the relationship of these two countries but also damaged the living environment of the overseas Chinese living in Australia. The article went on to state, “It is about time to show China’s position and make Australia pay the necessary price for its past attitude toward China.” The article further stated that in order to teach Australia a lesson, China could substitute other trade imports for certain imports from Australia, such as wine and beef. If China could reduce its imports by US$10 billion from total imports of US$76.4 billion, it would shock the Australians. The article went on, “We need to teach them a lesson. Also we can let the outside world understand that it is not a good thing for them to pick a fight with China.”

Sources:
1. Huanqiu, May 22, 2018
http://opinion.huanqiu.com/editorial/2018-05/12076890.html
2. Duowei News, May 22, 2018
http://news.dwnews.com/global/news/2018-05-22/60059706.html

VOA: U.S. and Australian Airlines Refuse to Cave in to Beijing’s Request

VOA reported that on April 25, the Beijing Civil Aviation Administration informed 36 foreign airlines that they could no longer list Taiwan as a country on their websites or in their marketing materials. If they did, their service in China would face termination. Despite the fact that the White House blasted the request as “Orwellian nonsense,” about 20 airlines including Air Canada, Lufthansa, and British Airways, chose to comply with Beijing’s request. However, some major U.S. airlines and one Australian airline have still not caved in. They include United Airlines, American Airlines, Delta, Hawaiian Airlines and Qantas Airways.

Source: VOA, May 22, 2018
https://www.voachinese.com/a/airline-20180522/4405392.html

RFA: Suicide Rate among Municipal Officials Is Rising

According to an article published in RFA, on May 21, Wang Xiaoming, the deputy secretary-general of the Beijing municipal government, committed suicide by jumping off the building. Medical records indicate that Wang had been suffering from depression for a long period of time. The article reported that, in China, it is not uncommon for government officials to commit suicide. Statistics show that from 2009 to 2016, 243 municipal officials committed suicide. They range in age was from 45 to 55 years old. Most of them suffered from depression. The article quoted a few comments which revealed that government officials work under high pressure. They work in what is considered a high risk profession. If they don’t have the correct background, they have to pay a high price in order to get promoted. If they are the subject of an investigation, they usually don’t have many options because they know China does not operate under the rule of law. Thus the anti-corruption campaign has resulted in an increase in suicides. Corrupt officials choose suicide for three reasons: to eliminate criminal evidence and protect their peers; to protect the vested interests of their family members; and to protect their reputations.

Source: RFA, May 22, 2018
https://www.rfa.org/mandarin/yataibaodao/zhengzhi/yf2-05222018101629.html

Zhu Min: China’s Debt Level Is at 220 Percent

Well-known Chinese news site Sohu recently reported that Zhu Min, the former Deputy Managing Director of the International Monetary Fund (IMF) and current Director of Tsinghua University’s National Institute of Financial Research, delivered a speech on financial openness at a global finance forum conference held in Beijing. Zhu emphasized that at the core of the openness is the establishment an internationalized Chinese financial market. International investments currently have a share of 1.26 percent in China’s banking market, a share of 1.15 percent in China’s stock market, a share of 2.44 percent in China’s bond market, and a share of 6.1 percent in China’s insurance market. At the same time, China’s debt level has reached 220 percent. Japan suffered a financial crisis at 220 percent, Thailand’s financial market crashed at 180 percent, and the United States had its financial crisis at the debt level of 180 percent. China’s loan efficiency dropped 75 percent in the last five years. He called for opening up the Chinese financial market in order to improve the domestic financial system with healthy competition.

Source: Sohu, May 19, 2018
http://www.sohu.com/a/232164447_100160903?_f=index_betapagehotnews_1

Tianqi Lithium to Acquire World’s Second Largest Lithium Manufacturer

Well-known Chinese news site Sohu recently reported that China’s largest Lithium-based battery material vendor Tianqi Lithium is in the process of acquiring 24 percent of Chile’s Sociedad Quimica Y Minera (SQM) with US$4.3 billion. SQM is the world’s second largest Lithium manufacturer. Canadian fertilizer manufacturer Nutrien previously owned the shares. Tianqi already owns 2.1 percent of the shares of SQM. The additional 24 percent can allow Tianqi to name three seats in the eight-seat SQM board. SQM currently produces 48,000 tons of Lithium Carbonate annually. The expected production in 2019 is 100,000 tons. Lithium Carbonate is the primary material to make rechargeable batteries to be used in products like hybrid cars. Since 2000, the global market for Lithium Carbonate has been growing at an annual pace of 7.2 percent. The deal is still pending approval from the Chilean government, which is conducting an antitrust review.

Source: Sohu, May 17, 2018
http://www.sohu.com/a/231891205_618572

BBC Chinese: Hong Kong Reporters Were Beaten up in Mainland China

BBC Chinese recently reported that, not long ago, unknown attackers beat up reporters from Hong Kong media. One latest example was Hong Kong’s Now TV reporter Xu Junming. Five under-cover policemen beat him while he was reporting on a hearing that the Beijing Lawyers’ Association had organized. Their Discipline Committee was punishing human rights lawyer Xie Yanyi. Xie represented Falun Gong practitioners in court. Xu is fully licensed and authorized to report in Mainland China. Another example occurred four days earlier than that. Two unknown men attacked Hong Kong Cable TV reporter Chen Haohui in Sichuan Province while he was reporting on the 10-year anniversary of the 512 Wenchuan Earthquake. These incidents triggered a wave of criticism in Mainland social media. According to Reporters Without Borders, China was ranked number 176 in the Freedom of Press Index, only better than Syria, Turkmenistan, Eritrea and North Korea.

Source: BBC Chinese, May 17, 2018
http://www.bbc.com/zhongwen/simp/chinese-news-44157272

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