Major General Jin Yinan gave a speech on January 20 about how China should position itself after Trump takes office. He explained in detail why China has nothing to worry about at all.
At the beginning of 2017, the People’s Liberation Army underwent big personnel changes that surprised outside observers. First, the Chinese Navy commanders of all the three major fleets have been replaced. Then, for the first time, the commander-in-chief of the combat region was promoted from the Navy. This series of personnel changes sends two signals: First, China’s southern combat region, that is, the South China Sea, will become the main strategic focus. Second, one of the objectives of the 2017 military reform is to highlight three-dimensional warfare.
On December 2 and 3, 2016, the Central Military Commission held a conference in Beijing on reforming the structure and strength of the army. Following the conference, Liu Yazhou, General of the Chinese Air Force, published an article discussing the pressing need for Chinese military reform.
Guangming Daily published a report and quoted statistics which indicated that the Sky Net campaign, which was launched to combat corrupt officials, has been working effectively this year. According to the statistics, by mid-August 409 fugitives from 61 countries had been brought in. Among those 272 were arrested and 137 were persuaded to return, while 15 of them are on the top 100 fugitive list. The article stated that, in 2016, the public security bureau dispatched 33 teams overseas to carry out the mission.
Source: Guangming Daily, October 24, 2016
On October 24, People’s Daily, published an article discussing a notice that the Central Commission for Discipline Inspection (CCDI) issued. The CCDI reported that, in 2016, it had sped up the pace of inspections in a number of regions. The number inspected grew from 20 locations in 2013, 40 locations in 2014, 83 locations in 2015, and 64 locations in 2016. It has completed its inspection of 80 percent of the state owned enterprises and financial institutions. The inspection results revealed that, overall, Party leadership is weak, Party development is lacking, and Party management is loose. The article noted that over 80 percent of the units were found to have violations of Party discipline and of clean government regulations. The article also observed that the inspections have created an intimidating and warning effect. In addition, the inspection team drafted reports and provided recommendations on how to fix certain issues.
Source: People’s Daily, October 24, 2016 http://politics.people.com.cn/n1/2016/1024/c1001-28803884.html
According to news.china.com, the Ministry of Taxation recently issued a notice that stated that, starting in September 2018, China will join one hundred countries to collect banking information on non-resident individuals or enterprises and will exchange the information with the tax authorities in the account holders’ country of residence. In return China will gain banking information on Chinese residents who hold bank accounts in foreign countries. The effort is part of a global standard on the Automatic Exchange of Information (AEOI). The purpose of the program, which was launched in July 2014, is to reduce the possibility for tax evasion. According to the article, the Ministry of Taxation will come up with its own regulations based on the U.S. Foreign Account Tax Compliance Act. Financial Institutions are required to change their work process and to complete a system upgrade to conform to the new requirements. According to the article, starting in 2017, individuals and businesses will be required to fill out their residence of taxation information when they open a new bank account.
Source: news.China.com, October 17, 2016 http://news.china.com.cn/world/2016-10/17/content_39501405.htm