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All posts by LKY - 185. page

Chinese Suppliers Hit by Anti-French Sentiment

Boycotting Carrefour, the French supermarket chain in China, has started to affect the Chinese suppliers who provide 95 percent of products to Carrefour. One supplier in Shanghai disclosed that their order volume has dropped 20 percent in the past few days. The potential increase in sale returns, food products in particular, is also a concern. Carrefour recently announced the cancellation of the sales promotion scheduled for the upcoming May 1, Chinese Labor Day.

Demonstrations against French supermarket chain Carrefour erupted in cities across China on Saturday April 19, caused by anger over the disruption of the Olympic torch relay when it went through Paris on April 7.

Source: China Business, April 28, 2008
http://www.cb.com.cn/News/ShowNews.aspx?newsId=16610

Briefings | | |   Economy/Resources

China’s 5th Generation Successors to Face Challenges and Tests in 2008

“To Xi Jinping and Li Keqiang, the year 2008 is a year that is full of challenges and tests. It will determine their future as the 5th generation successors to the party. ” reported Oriental Daily, a Hong Kong based newspaper. Both Xi and Li are newly elected members of the Standing Committee of the Political Bureau of the Communist Party. As the Chairman of the International Olympic Committee Coordination Commission, Xi is being pressed to handle the recent protest in Tibet as well as threats of boycotting the Olympics from the West. He is also tasked with managing Hong Kong and Macau affairs. Li, on the other hand, heads China’s economic development where the stock and real estate markets, as well as consumer confidence and agriculture, fall on his plate.

Source: Boxun, April 22, 2008
http://peacehall.com/news/gb/china/2008/04/200804221336.shtml

Briefings | | |   Government/Politics

Xinhua Calls for Patriotism with Enthusiasm but Rationality

Xinhua posted a key message on its front page titled: “Take the Core Interests of the Country as the Top Priority; Express Patriotism with Enthusiasm but Rationality.” It published a series commentaries calling for rationality when expressing patriotism with titles such as “The best way to show patriotism is to focus on your own work” , “Patriotism with rationality is more powerful”, “College students and teachers: work and study hard; Express your patriotism with Rationality”, and “Do not Fall in the trap set up by the anti-China forces.”

Source: Xinhua, April 21, 2008
http://news.xinhuanet.com/newscenter/2008-04/19/content_8006485.htm http://news.xinhuanet.com/politics/2008-04/21/content_8019579.htm http://news.xinhuanet.com/newscenter/2008-04/20/content_8016838.htm http://news.xinhuanet.com/comments/2008-04/20/content_8011534.htm

Briefings | | |   Government/Politics

Overseas Chinese Stage Rallies to Protest Western Media Coverage

A number of rallies were staged by overseas Chinese in various locations including Paris, Berlin, London, Manchester, Los Angeles, and Atlanta to show support for the Beijing Olympics and protest against percieved biases in Western media coverage of Tibet. More protests will take place in the coming week in Los Angeles, San Francisco, and New York City against negative coverage by CNN of the Tibetan crackdown by Chinese authorities. In Australia, over 10,000 Chinese people are expected to go to the capital Canberra to safeguard the torch relay which is scheduled to arrive on April 24.

Source: The Beijing News, April 20, 2008
http://www.thebeijingnews.com/news/guonei/2008/04-20/011@072623.htm

Briefings | | |   Government/Politics

“Emergency Response” Included in PLA New Training Guideline

The People’s Libration Army has added a section on “emergency response” to its newly updated “Military Training Guidelines.” The Guidelines were modified to meet the increased demand in the informational age, said Xinhua. The handbook will be distributed to the PLA in the first part of July with intensive study sessions scheduled for the second part of July. The guidelines will become effective January 2009.

Source: Xinhua, April 16, 2008
http://news.xinhuanet.com/mil/2008-04/16/content_7989234.htm

Briefings | | |   Defense/Military

Xinhua Calls US House Speaker Holding Double Standards and Not Welcomed in China

Xinhua carried an article to discredit House Speaker Nancy Pelosi on her support to the protesters in Tibet. The article named the Speaker holding double standards, interfering with China’s internal affairs, constantly hurting Chinese people feelings and damaging Sino-US relationship. The article calls the Speaker an unwelcomed person in China.

Source: Xinhua, April 12, 2008
http://news.xinhuanet.com/newscenter/2008-04/12/content_7966283.htm

Briefings | | |   US-China Relations

China Deepens in Foreign Reserves Losses As US Dollar Weakens

On April 10, the exchange rate between US dollars and Chinese yuan fell below 7 yuan mark to 6.99920. Compared with the exchange rate prior to the currency reform in 2005, Chinese yuan has made cumulative appreciation of 15.5 percent against the dollars. One analysis suggested that the weakened dollars has caused China losing US$35.7 billion or 4 aircraft carriers in the past one month assuming 90 percent of China’s reserve is in US dollars.

Source: Global Times, April 11, 2008
http://www.huanqiu.com/www/115/2008-04/89144.html

Briefings | | |   Economy/Resources

People’s Daily: What is the Intention of the Washington Post?

People’s Daily calls a series of commentaries on Tibet published by Washington Post in the past two months are full of one-sided opinions, distorted comments and a shameful act by a few mainstream medias in the US. It claims that the “Lhasa riots as well as the chaos on the streets of London and Paris” have helped the people around the world to unfold the fake mask worn by the Dalai’s group and has allowed the world to see the truth of the so called “righteous, objective, independent” model portrayed by a few US medias.”

Source: People’s Daily, April 12, 2008
http://2008.people.com.cn/GB/7111822.html

Briefings | | |   US-China Relations