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Global Times: Nuclear Super Powers Will Not Lead China by the Nose

China’s official Global Times published an exclusive military report on April 16, “Nuclear super powers will not lead China by the nose,” countering some media critics on China’s nuclear capacity. 

“As the U.S. and Russia currently possess more than 90% of the world’s nuclear heads, they still have their absolute advantage in nuclear power. Even if they cut their nuclear heads by half, it’s just a natural thing in terms of world peace. Moreover, the U.S. and Russia only signed a treaty and have taken no real action yet. At the same time, hawks in the U.S. are crying for an even stronger nuclear capacity. Through these arguments, we find it very difficult not to develop the worry that some people in the U.S. may only be playing an old card, weakening others’ strength in exchange for its own advantage, and maintaining its own nuclear superiority by pressing other countries for nuclear disarmament.” 
Source: Global Times, April 16, 2010 
http://mil.huanqiu.com/Exclusive/2010-04/779903.html
Briefings | | |   US-China Relations

China Scholar: U.S. Is Exporting Inflation to Contain China

In an April 13 article published on China’s official newspaper Global Times, a China Institute of Contemporary International Relations (CICIR) scholar, Zhang Jiye, considered the U.S. government’s inflationary economic policy to be a measure to contain the rise of China. 

“Firstly, the U.S. can use the export of ‘inflation’ and depreciation of the dollar to massively devalue China’s foreign exchange reserve, empty China’s strategic assets, and delay China’s rise. Secondly, the U.S.’s low interest and low exchange rate policy will amplify the expectation of the yuan’s appreciation, further attracting international hot money into China and exacerbating China’s stock market and housing bubbles. Thirdly, the dollar depreciation could push up commodity prices, deepen China’s inflation introduced by importation, and cause social instability.” Zhang suggested that the government unpeg the yuan from the dollar and diversify China’s foreign asset structure. 
Source: Global Times, April 13, 2010 
http://opinion.huanqiu.com/roll/2010-04/775740.html
Briefings | | |   US-China Relations

Preferential Financing for Cultural Industries; Nine Agencies Issue Joint Directive

The Guidance on the Financial Support of Revitalization, Development, and Prosperity of Cultural Industries was issued on March 26 by nine central party and government agencies including the People’s Bank of China, the Propaganda Department of the Central Committee of Chinese Communist Party, the Ministry of Finance, Ministry of Culture, State Administration of Radio Film and Television, the General Administration of Press and Publications, the China Banking Regulatory Commission, the China Securities Regulatory Commission, and the China Insurance Regulatory Commission. 

The Guidance is the first ever macroeconomic preferential policy on financing for cultural industries. It requires the financial institutes to actively develop finance products, establish a credit rating system, and provide quality financial services oriented toward cultural industries. It proposes to develop multilevel capital markets for cultural enterprises to directly raise capital, be listed on the stock market, and issue bonds and securities. Venture capital funds, private equity funds, and insurance institutions are also encouraged to invest in or serve the industry. 
Source: Xinhua, April 9, 2010 
http://news.xinhuanet.com/newmedia/2010-04/09/content_13323518.htm
Briefings | | |   Economy/Resources

Li Changchun on Culture Industries

At a national conference of chiefs of propaganda authorities on April 9 in Beijing, Li Changchun, a member of the Politburo standing committee and the party’s head of propaganda stressed “vigorously developing cultural causes.” 

Li “explained ten important relationships on developing culture causes and culture industries.” In particular, he said, "(We should) adhere to opening up and trying to form a structure of a culture market place dominated by the national culture and supplemented by foreign cultures. (We should) promote our culture overseas and constantly expand the international influence and competitiveness of Chinese culture.” 
Li asked party committees and governments at all levels to “take culture development to a strategic height, and fully understand the role of culture in socioeconomic development.” 
Source: People’s Daily, April 10, 2010-4-10 
http://politics.people.com.cn/GB/1024/11333034.html
Briefings | | |   Government/Politics

China Has Launched 36 Satellites for 14 Countries

On April 7, China Great Wall Industry Corporation (CGWIC), China’s flagship organization authorized by the government to provide satellite in-orbit delivery (IOD) services, commercial launch services and aerospace technology applications invited customers from countries including the United States, France, Germany,  the Philippines, and Hong Kong to the city of Xichang (which has a spaceport located about 64 km to the northwest) to commemorate the 20 year anniversary of China’s international space launch services. 

According to China News Service, to date, China has used 7 models of “Long March” rockets to launch 36 commercial satellites for 14 countries. 
Source: China News Service, April 8, 2010 
http://www.chinanews.com.cn/gn/news/2010/04-08/2212805.shtml
Briefings | | |   Defense/Military

Wang Cheng Asks for Stronger Asia Voice

“Asia media should strengthen communications and cooperation,” said Wang Cheng, Director of the State Council Information Office at the Asia News Network’s (ANN) 2010 annual meeting on April 9 in Beijing. ANN is a “network of national daily newspapers published in Asian cities. It was organized to provide avenues for cooperation and to optimize coverage of major news events in the region.” The Editor-in-Chief of China’s official English newspaper China Daily is on its Executive Board. 

Wang emphasized the fast growth of information technology and Internet based new media, suggesting Asia’s traditional media should catch up. In particular, Wang called for a greater voice from all Asia’s media combined. “National media should grasp the direction of regional cooperation, strengthen reporting on other Asian countries, enhance coverage of international affairs, and gain a greater voice for Asia, which should send more and have a stronger voice of its own.” 
Source: China News Service, April 9, 2010 
http://www.chinanews.com.cn/gn/news/2010/04-09/2216662.shtml
Briefings | | |   Information/Technology

China to Add 10 Million Yuan in Haiti Aid

Li Baodong, China’s Permanent Representative to the United Nations, announced on March 31 that the Chinese government will add 10 million yuan ($1.47 million) to Haiti’s post-quake relief. 

In a media interview, Li said that despite the fact that there is no official diplomatic relationship with Haiti, the Chinese government sent in an international rescue team and a medical team immediately after the earthquake. So far, China has provided assistance valued at 93 million yuan ($13.6 million) in cash, goods, and other forms. 
Source: Xinhua, April 1, 2010 
http://news.xinhuanet.com/world/2010-04/01/c_1211470.htm

Briefings | | |   Geo-Strategic Trend

Ministry of Land and Resources: 2009 Housing Price Soar 25.1%

A Ministry of Land and Resources report issued on April 2 shows that the average housing price in over 100 cities had been rising since 2001, with the exception of 2008 when the average dropped 1.89%. In 2009, the residential housing price stayed as high as 4,474 yuan per square meter ($655), registering an annual growth of 25.1%, the highest rate since 2001. 

The reported figures, based on the land and housing prices in 105 Chinese cities between 2001 and 2009, dwarfed the 1.5% figure published by the National Statistic Bureau, which surveyed 70 medium and large sized cities’ 2009 housing prices. 

Source: Jinghua Times, a Beijing based local newspaper, April 1, 2010 
http://epaper.jinghua.cn/html/2010-04/01/content_533587.htm

Briefings | | |   Economy/Resources