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All posts by LKY - 158. page

Hu Jintao: The Cultural Revolution was Ten Years of Internal Upheaval

“The Cultural Revolution was a ten-year-upheaval that brought tremendous defeat and loss to the party, the country and the people. China has lagged behind because of it. Only through the open door policy can China catch up and be equal with the rest of the world.” Hu spoke at a meeting held on December 17 in the Central Party School. Hu’s speech aimed at weakening the growing force that has been criticizing the open door policy due to the various social issues brought about since its inception 30 years ago. His speech further emphasized the direction of "following the path of socialism with Chinese characteristics." Among the four generations of party top leaders, Hu is the only one who has openly shown his intolerance of the Cultural Revolution. His position is unlike that of his predecessors.

Source: The Dong-a Ilbo, Korea, January 2, 3008
http://china.donga.com/gb/srv/service.php3?bicode=060000&biid=2008010241398

China’s Toy Exports Grew In 2007

China’s toy exports totaled US$ 7 billion from January to October of 2007, a 20.1 percent increase from the year before. The official statistics showed that following the large scale of toy recall, toy exports were down 6.2 percent in September. The number then rebounded back to 21 percent, consistent with the growth in the first ten months. The European Union and the US are two of the largest markets and account for 67.6 percent of toy exports. It has been predicted that the increasing cost, operation model and reduced export taxes may affect future toy exports. China remains the world’s largest toy export country.

Source: BBC Chinese.com January 6, 2008 http://news.bbc.co.uk/chinese/simp/hi/newsid_7170000/newsid_7173600/7173685.stm

Consumer Price Increase Burdens Low Income Families

On January 3, Social Sciences Academic published the “Blue book of Chinese Society.” It stated that with China’s GDP growing over 10 percent in 2007, mid to low income families are facing increasing financial pressure. The consumer price increase will continue to be a serious factor in 2008. The Blue Book disclosed that 10 percent of the low income group spent close to 50 percent of their income on food consumption, in addition to the rising cost of living and medical expenses. This group is thus the least capable of surviving. The report also warned that the increasing disparity between the rich and the poor continues to be a threat to social stability.

Source: Radio Free Asia, January 4, 2008
http://www.rfa.org/mandarin/shenrubaodao/2008/01/04/income/

Provincial Officials to Receive Advanced Training in US

On December 27, the University of Utah accepted 23 officials from Hainan Province. In a week they will depart for a year and half long program resulting in an Executive Master’s in Public Administration (EMPA). As part of their five year training plan which will consist of 18 programs launched by Hainan Province, these officials were selected to receive advanced study so that they will obtain “leadership and executive ability; strategic and global vision; and financial management skills under the market economic environment,” said Wei Liucheng, the provincial party secretary of Hainan.

Source: Xinhua News Agency, December 30, 2007
http://news.xinhuanet.com/local/2007-12/30/content_7339313.htm

Emergency Fund Issued To Aid College Student Cafeterias

On December 29, the Ministry of Finance approved a 50 million yuan (US$6.8 million) emergency fund to provide temporary aid to college student cafeterias. It is to ensure that, prior to the upcoming winter break, students’ lives will not be affected by the increased price of raw materials. Earlier this year, the General Office of the State Council issued a notice to various levels of governments to provide financial relief to student cafeterias and those students who are on financial aid. In addition, the National Development And Reform Mission also requested the students’ receive discounts in college utility expenses.

Source: China News, December 30, 2007
http://edu.chinanews.cn/edu/kong/news/2007/12-30/1119587.shtml

Former Secretary of The Deceased Vice Premier May Face Death Sentence

Wang Weigong, former secretary of the deceased Huang Ju, Executive Vice Premier of China was arrested for corruption involving Shanghai’s social security funds and may face a death sentence. The scale of corruption was reported to be as high as 45 million yuan (US$6.1 million), which is the largest known amount of corruption. It was reported that Wang has refused to disclose any other names involved in this case including Jiang Mianheng, the son of Jiang Zemin, former President of China.

Source: Powerapple, December 29, 2007
http://news.powerapple.com/article/2007/1229/article_33729.html

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