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China’s Government Spending Deficit in the First Six Months of 2022 Was 5 Trillion Yuan

China’s Ministry of Finance published the amounts of the government’s spending and income for the first six months of the year. The income for the national government budget was 10.52 trillion yuan (US $1.56 trillion) and the spending was 12.89 trillion yuan (US $1.91 trillion). The income from the national governmental funds was 2.80 trillion yuan (US $420 billion) and the spending was 5.48 trillion yuan (US $810 billion). In total, the government spending deficit was 5 trillion yuan (US $740 billion) for the first six months of the year.

Source: China’s Ministry of Finance website, July 14, 2022
http://gks.mof.gov.cn/tongjishuju/202207/t20220714_3827010.htm

Briefings | | |   Economy/Resources

The CCP Connection to Lord Wei of Shoreditch of the U.K.

Lord Wei of Shoreditch, Nathanael Ming-Yan Wei is a member of the House of Lords in the United Kingdom. A son of a Hong Kong immigrant, he was born and grew up in the U.K.

Foreigninterference.org reported that Lord Wei had continuous contact with the Chinese Communist Party’s (CCP’s) United Front Work Department and its controlled entities between 2011 and 2016. For example, Li Xuelin (Lady Xuelin Bates), Chairwoman of the Zhejiang UK Association, had a good connection with Lord Wei and served as his advisor on China issues. Li married British Minister of State for International Development Lord Michael Bates. Li had served the Vice President of the Promotion of China Re-Unification Society in the U.K., which is under the CCP’s United Front Work Department. Li led Lord Wei to attend many activities at the Chinese Embassy or organized by the CCP’s United Front Work. Li also arranged his trip to China and meetings with Chinese officials during the visit.

Due to the controversy, Lord Wei resigned from the Chairman post of the Welcoming Committee for Hong Kongers.

Source: Epoch Times, August 10, 2022
https://www.epochtimes.com/gb/22/8/10/n13799344.htm

Briefings | | |   Geo-Strategic Trend Government/Politics

China Published a New White Paper on Taiwan

On August 10, Beijing published its latest White Paper on Taiwan. China’s Taiwan Affairs Office of the State Council and the State Council Information Office published the document titled, “The Taiwan Question and China’s Reunification in the New Era.”

The paper announced that, “Taiwan has never been a state; its status as part of China is unalterable.”

“The realization of complete national reunification is driven by the history and culture of the Chinese nation and determined by the momentum towards and circumstances surrounding our national rejuvenation. Never before have we been so close to, confident in, and capable of achieving the goal of national rejuvenation. The same is true when it comes to our goal of complete national reunification.”

It criticized Taiwan’s Democratic Progressive Party authorities for creating tension and external forces for “hav(ing) encouraged and instigated provocative actions by the separatist forces.”

“(W)e will not renounce the use of force,” the document stated, “and we reserve the option of taking all necessary measures. This is to guard against external interference and all separatist activities… The use of force would be the last resort taken under compelling circumstances.”

China published the Taiwan White Paper in both 1993 and 2000. Both earlier versions mentioned that, “(Beijing) will not dispatch soldiers or administrative staff to Taiwan” after the “re-unification.” The 2000 White Paper also stated, “As long as Taiwan recognizes there is only one China and does not seek independence, everything is negotiable.” These sentences were not seen in the new White Paper.

The Taiwan government disputed Beijing’s claim. The Taiwan Mainland Affairs Council said this White Paper was, “full of wishful-thinking, lies and reckless disregard of the truth.” “Only the 23 million people of Taiwan have the right to decide the future of Taiwan, and they will never accept the results set by an authoritarian regime.”

Sources:
1. China’s State Council Website, August 10, 2022
https://english.www.gov.cn/archive/whitepaper/202208/10/content_WS62f34f46c6d02e533532f0ac.html
2. Al Jazeera, August 10, 2022
https://chinese.aljazeera.net/news/political/2022/8/10/中国重申武统台湾立场

Briefings | | |   @CS Geo-Strategic Trend Government/Politics

Kenya Presidential Candidates Criticize Chinese Communist Party

The Kenya Presidential election will be held on August 9. The two leading candidates took positions to oppose Beijing’s expansion in Africa. China has invested in some major infrastructure projects in Kenya, including the high-speed rail, a highway, and others. The current Kenya’s President Uhuru Kenyatta) adopted a pro-China policy, which trapped Kenya into owing China several billion dollars.

Source: VOA, July 29, 2022
https://www.voachinese.com/a/china-spotlighted-in-kenya-s-presidential-race-20220728/6678588.html

Briefings | | |   Geo-Strategic Trend

Chinese Government Organized Boycotts against Western Companies

Research by the Swedish National China Center found that, in the 13 years between 2008 and 2021, Chinese consumers initiated 90 boycott actions against foreign companies. Actually, the communist party is behind or is even directly organizing these boycotts. The foreign companies thus have become the victims of the communist party’s political game.

The “organized” consumer boycotts mainly target companies in North America, Europe, and Northeast Asia. American companies have been boycotted 27 times, Japanese and French companies each 11 times, German companies 8 times, and Korean companies 6 times.

For example, Beijing directly organized a boycott of Korean companies to punish South Korea for its plan to install the THAAD missile defense system. The communist regime also started the first shot, which Chinese consumers followed, on Marriott since Marriott did a survey listing Tibet, Taiwan, Hong Kong, and Macao as parallel options to China. Beijing also directly started a campaign against “foreign companies attempting to split China.” It first asked foreign airlines to mark Taiwan as belonging to China and later spread the boycott wave to international fashion brands such as Coach, Versace, and Givenchy. Chinese consumers were stirred up and stopped buying these companies’ products.

Source: Epoch Times, July 24, 2022
https://www.epochtimes.com/gb/22/7/24/n13787942.htm

Briefings | | |   Economy/Resources Geo-Strategic Trend

Shanghai’s New Talent Recruiting Plan

Shanghai is openly recruiting 5,157 Post Doctors, with a maximum annual salary off 700,000 yuan (US$ 103,000) and a living subsidy. The median salary is 300,000 Yuan (US $44,000). Shanghai is not alone. Many Chinese cities are in the competition for the talents that have Doctors and Post Doctors status.

The U.S., U.K, and Germany are the top three countries that are Shanghai’s recruiting targets. This caused people to wonder whether this recruiting effort is a continuation of the infamous “Thousand Talents” program. The “Thousand Talents” program included some cases of participants stealing Western technology and giving it to China.

Source: Radio Free Asia, July 29, 2022
https://www.rfa.org/mandarin/yataibaodao/kejiaowen/wy-07292022100754.html

Briefings | | |   Economy/Resources

North Dakota Governor Urged Federal Investigation of Chinese Company’s Purchase of Land near Air Force Base

Doug Burgum, Governor of North Dakoda wrote a letter to Secretary of the Treasury Janet Yellen and Lloyd Austin, Secretary of Defense, asking the Committee on Foreign Investment in the United States (CFIUS) to speed up its review of the Chinese company Fufeng Group’s plan to  purchase land in North Dakota because it is a national security concern. Also in a letter to the U.S. Department of Defense ,Senators John Hoeven, Kevin Cramer and Marco Rubio requested that (CFIUS) conduct a review of the Fufeng Group’s land purchase.

Fufeng Group wants to buy 360 acres of land in Grand Forks, North Dakota, to build a corn processing plant. However, the site just happens to be only 22 miles away from the Grand Forks Air Force Base, which is what raises the national security issue.

China Aviation Industry General Aircraft Co. Ltd bought Cirrus Aircraft, headquartered in Duluth, Minnesota in 2011. Cirrus has factories in Duluth and Grand Forks. Its Grand Forks plant was even closer to the air force base than Fufeng Group’s planned plant site.

Source: VOA, July 28, 2022
https://www.voachinese.com/a/burgum-calls-for-security-review-of-chinese-firm-s-project-20220727/6676606.html

Briefings | | |   Defense/Military US-China Relations

China Opposes “Chip 4” Alliance

China has taken multiple actions to oppose the “Chip 4” alliance, an initiative that the U.S. is proposing for four major chip production countries, the U.S., Japan, South Korea, and Taiwan. Beijing is afraid that forming the “Chip 4” alliance will isolate China. Other consequences are implied.

Huanqiu (Global Times) published a commentary on July 20, stating, “(T)he South Korean government and related companies can judge by common sense alone that participating in this matter not only will not have any incremental gains, but will also face the risk of significant damage to their interests. Data shows that last year, South Korea’s semiconductor exports totaled $128 billion, of which 60 percent went to mainland China and Hong Kong. To cut ties with this large market is tantamount to business suicide. The U.S. has handed South Korea a knife and is forcing it to do so.”

On July 25, China’s Ambassador to South Korea Xing Haiming met with Yang Hyang-ja, a South Korean National Assembly member and Chairman of the Special Committee on Strengthening the Competitiveness of the Semiconductor Industry. Xing said, “China is willing to work with South Korea to adhere to the principle of a fair and just market, eliminate external interference, and to strengthen cooperation in semiconductors and other fields .…”

Xing met with South Korean Trade Minister Ahn Duk-geun on the same day.

Huanqiu (Global Times) also published an article on July 28 to suggest that Taiwan should not  join the “Chip 4.” It stated, “Currently, Taiwan’s chip exports to the mainland account for more than 40 percent of its total chip exports. Semiconductors and other electronic and communication products are large commodities. If the TSMC  (Taiwan Semiconductor Manufacturing Company) joins the ‘chip 4’ alliance to exclude the mainland China market, it will undoubtedly cause huge losses to the entire Taiwan economy.”

Sources:
1. Huanqiu (Global Times), July 20, 2022
https://opinion.huanqiu.com/article/48uEl4JUSyX
2. Global Times, July 25, 2022
https://www.globaltimes.cn/page/202207/1271363.shtml
3. Huanqiu (Global Times), July 28, 2022
https://taiwan.huanqiu.com/article/4909A65sqgo

Briefings | | |   Economy/Resources Information/Technology US-China Relations