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All posts by LLD - 181. page

Head of United Front Work Department: Efforts to Build Up Non-party Personnel

Du Qinglin, the head of the United Front Work Department of the Central Committee of the Chinese Communist Party (CCCCP) spoke at a conference in Shanghai, emphasizing the importance of working with non-party representatives. “(It) is an important job that matters for the overall situation, a strategic task with profound influence, and a pressing, realistic topic.” Du called for an “in-depth study of these people’s growth pattern, deep understanding and an accurate evaluation of their characteristics.” 

The United Front Work Department is a function of the CCP’s Central Committee that aims to form political alliances with non-party entities so that they will accept the CCP’s absolute leadership and participate in its causes. 
Source: Website of United Front Work Department, CCCCP.
http://www.zytzb.cn/09/newscenter/benwang/201004/t20100426_656950.html
Briefings | | |   Government/Politics

Half of Chinese Luxury Goods Used as Gifts

China has become one of the major luxury goods consumers in the world. A recent Bain survey showed that, in 2009, Chinese spent $9.6 billion on luxury goods, which accounts for 27% of the world total, while China’s GDP only accounts for about 5% of the world GDP. According to Boston Consulting Group (BCG), the consumption of luxury goods in Chinese will reach 40 billion USD by 2015; Bain’s estimation for 2015 Chinese luxury goods expenditures is 14.6 billion USD. According to another consulting firm, McKinsey, about half of the Chinese luxury goods are used as gifts. 

Source: Radio Free Asia, April 22, 2010 
http://www.rfa.org/mandarin/yataibaodao/shechi-04222010100130.html
Briefings | | |   Economy/Resources

China to Merge Phone, TV, and Internet Networks by 2015

According to the “2010 Mass Communication Bluebook” released by the Chinese Social Science Academy, the State Council Standing Committee decided to merge the business scope of the three network industries – telecommunications, broadcasting (radio and TV), and the Internet. Telecommunication companies will be allowed to be involved in production and broadcasting of TV/radio programs; while TV/radio networks may also begin operation of some basic or value-added telecommunication business. The Committee also planned the stages of the merge: 2010 through 2012 would be the trial period; 2013 through 2015 would be the promotion of the merge on a larger scale to promote certain competition and to set up corresponding institutions and regulatory bodies for the merged business models of the three networks. 

Source: People’s Daily, April 22, 2010 
http://politics.people.com.cn/GB/1026/11430260.html
Briefings | | |   Information/Technology

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