All posts by AEF - 29. page

[Editor’s Note: In an effort to rebut a suggestion to reduce state-ownership, Xinhua republished a Guangming Daily article that discussed the importance of state-ownership to China’s economy. The article argues that a public economy, especially an economy with state-owned enterprises (SOEs), is the keystone of the socialist system. State-ownership enables China to use SOEs to maintain a quick control of the direction of the market, to compete globally, and to achieve its strategic goals. The authors of the article are from the Marxism Institute of the Chinese Academy of Social Sciences (CASS). The following are excerpts from the article.] [1]

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[Editor’s Note: On September 1, Xi Jinping attended the Opening Ceremony for the Fall 2011 Semester of the Party School of the Central Committee of the Chinese Communist Party (CCP). [1] Xi gave a speech that focused on studying history in order to gain the wisdom to manage the country. Though his speech mentioned Marxism several times, Xi repeatedly stressed learning from the wisdom and examples of history in order to run the country and improve one’s moral standards. In the past, especially during Mao Zedong’s era, the CCP drew a clear line between Marxism and pre-CCP Chinese history (which they criticized as being a feudal society or a slave society). This may be an indication that the CCP recognizes an inadequacy in communist theory’s ability to provide an effective means and ideological ground for guiding its cadres development. The following are excerpts from Xi’s speech.]

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[Editor’s Note: Qiushi Journal republished an article from Beijing Daily on China’s political system. The author stated that China’s establishment of the socialist system with Chinese characteristics was inevitable in accordance with social evolution and claimed that socialism is superior to capitalism. The following is a translation of the author’s comparison of the capitalist and socialist systems.] [1]

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[Editor’s Note: Qiushi Theory Online republished a Chinese Academy of Social Science (CASS) thesis on applying Marxist theory to analyze the recent global financial crisis. The author is Wang Weiguang, the Vice President of CASS. Wang argued that most analyses of the financial crisis have been done at the surface level; however, to do a scientific analysis to determine the essential cause of the crisis at the system level, one must apply Marxist theory and methodology. Wang praised Marx’s theory of cyclical recessions and the inevitable demise of capitalism. He claimed that China’s socialist market economy can prevent recessions. The following are excerpts from his thesis.] [1]

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[Editor’s Note: Hu Jintao gave a speech on July 1, 2011, at the Conference to Celebrate the Chinese Communist Party’s (CCP’s) 90th Anniversary. Outlook Weekly, a publication under Xinhua, published a collection of articles in which government think tankers explained their interpretation of important quotes from Hu’s speech. [1] Their views cover using economic expansion (instead of adjusting income distribution) to solve the income disparity in China, maintaining social stability, and strengthening the party’s leadership. The following are translations of select summaries from these articles.]

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[Editor’s Note: Study Times, a weekly newspaper published by the Party School of the Central Committee of the Chinese Communist Party (CCP), published an article that a professor from the Chinese Academy of Social Sciences wrote, along with one of his students. The article warned that most of China’s Internet companies are controlled by foreign investment. This includes foreign companies, foreign investors, and companies that the Chinese have registered overseas. It held that the common practice for establishing an Internet company in China is to first register a controlling company overseas. This overseas company then either sets up a subsidiary company in China or finds an agent to register a company in China and then signs a contract to establish effective control over this China-registered company. Though Chinese own many of these overseas controlling companies, individual ownership is still different from state ownership. Also, it is easy for foreign capital to acquire these companies and thereby control China’s Internet business. The following are the main points of the article.] [1]

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[Editor’s Note: Economic Information, a publication under Xinhua, published a research paper on China’s Financial Security Strategy. The author, Jing Naiquan, is an Associate Professor in the Finance Department of Zhejiang University and is Director of the China Gold Investment Institute. In his paper, Jing stressed that China should insist on the managed floating exchange rate system and diversify its reserve holdings into gold. He offered the theory of the “U.S. dollar’s three privileges” and suggested that this theory be used to counter U.S. pressure on RMB appreciation and that the U.S. be asked to lift its ban on high-tech exports to China. He also outlined 13 measures to improve financial security. The following is a translation of the article.] [1]

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{Editor’s Note: The International Herald Leader recently published an exclusive report covering the "South China Sea Situation and the Media’s Responsibility Forum," a July 13 event jointly hosted by Yunnan Provincial Television and the Institute of Asia-Pacific Studies, Chinese Academy of Social Sciences. [1] The Chinese scholars invited to speak at the forum suggested strategies for multiple ways that China could use to deal with its South China Sea disputes with other countries: taking a hard diplomatic position with military backup, guiding international public opinion to favor China, and using "marauding pirates" as grounds to enter the disputed waters and assert China’s leadership. The following are excerpts from the article.]

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