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Local Government’s Emergency Notice Regarding North Korea Leaked on Internet

As the tension resulting from North Korea’s nuclear tests intensifies, a local Chinese government posted a recent emergency notice on the Internet.

The Environmental Protection Agency of Dalian City, Liaoning Province, issued the notice on April 14. It stated:

“To all offices in concern,

Amid the possible impact and damage to our country’s environmental security and public health from North Korea’s sudden nuclear or chemical incident, following an order from the top and according to “Liaoning Province’s Preparation Plan for Emergency Response to North Korea’s Nuclear Environment,” from today on, our city is entering an emergency response state; all related offices should organize well the emergency preparation work and start emergency on-duty shifts. All primary leaders of the related offices must maintain high political sensitivity during this emergency work. The number one lead should be on call on a 24 hour basis and keep the communication channel open so that the emergency response work can be started at the first moment when an emergency response order is given.”

Source: Epoch Times, April 16, 2017
http://www.epochtimes.com/gb/17/4/16/n9044054.htm

Chinese Scholar: The U.S. Is Likely to Use Force against North Korea in Three Situations

On April 13, the World Journal published an article citing comments on U.S. action in North Korea. Zhang Liankui, a professor at the Institute of International Strategic Studies of the Central Communist Party School, pointed out that, between now and the end of April, the U.S. is likely to use force to solve the North Korea problem. He listed three situations in which the U.S. might take action: one, North Korea conducts its sixth nuclear test; two, North Korea fires ballistic missiles; three, North Korea has an internal shakeout as a result of the U.S. pressure.

“In the first two situations, since the Carl Vinson aircraft carrier combat group is headed to the Korean peninsula, if North Korea conducts a nuclear test or fires a ballistic missile, Trump will look bad if the U.S. does not take action. The U.S. and South Korea will conduct a joint military exercise with live ammunition until the end of April, so it will be easy to carry out a real military action. After this period, it will not be as easy to re-mobilize the military.”

“Zhang pointed out that the U.S. has long prepared the military. Trump just needs an excuse. If Kim Jong-un misreads the situation and continues taking action, he could trigger a U.S. action to use force.”

April is a “high-risk period” since it has several important dates for North Korea. The next one is April 25th, the Army Day.

Yuan Zongze, Vice President of the China Institute of International Studies, said on April 12, “China does not want to see turmoil in Northeast Asia. Beijing’s bottom line is not to have war or turmoil at its door.”

Source: World Journal, April 13, 2017
http:// www.worldjournal.com/4923019/article-3種情況-美可能對北韓動武/

Business Tycoon Cancelled Transaction Due to China’s Currency Control

Pan Shiyi, Chairman of the Board of SOHO China stated that his company had to cancel its plan to sell a property due to China’s currency control. Pan made the statement on March 23, at the SOHO China’s news conference to release 2016 financial data.

SOHO China is a large real estate developer in China.

SOHO China sold its SOHO Century Plaza in Shanghai for 3.3 billion yuan (US$ 470 million) on July 29, 2016, at 76,700 yuan per square meter. Pan said that the company would sell another three non-core business projects: Lingkong SOHO, Hongkou SOHO, and SOHO Tianshan Plaza.

SOHO China even reached an agreement on the price to sell Hongkou SOHO to a famous company. Pan planned to use the proceeds to buy an overseas investment. However, due to China’s currency control, the company realized that it could not exchange the Renminbi proceeds for a foreign currency in order to buy an overseas investment. However, in China, holding Renminbi is not as safe as holding real estate (Renminbi deflates but real estate prices keep rising). So his company cancelled the sale.

SOHO did not sell any of those three properties.

Source: The Paper, March 23, 2017
http://www.thepaper.cn/newsDetail_forward_1646200

Minister of Supervision: It Is Very Dangerous for Entrepreneurs to Seek Political Power

Yang Xiaodu, Deputy Party Secretary of the Central Commission for Discipline Inspection (CCDI) and Minister of Supervision gave a keynote speech at China’s Top Leaders Development Forum. Yang seemed to indicate that the CCDI wants to target some business tycoons and their connections with those having political power.

Yang pointed out that some entrepreneurs are extremely willing to deal with government officials. There are two abnormal situations. “One is when capitalists want to receive special treatment. However, that violates the market economy’s fair competition principle.” “Another one is when capitalists seek political power after grabbing economic power. This is very dangerous.”

“China’s enterprises have huge wealth, but the purpose is to benefit the public and society … It cannot become a tool and a means to corrupt government officials for the sake of their own enterprise’s interests.”

Source: The Paper, March 18, 2017
http://www.thepaper.cn/newsDetail_forward_1642345

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