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China Loosening Controls over Domestic Enterprises’ Overseas Purchases

Nanfang Daily reported that China has made policy changes to smooth the process for domestic enterprises to buy properties overseas. There are three check points for such purchases: National Development and Reform Commission (NDRC) – checks on whether the investment is in line with national interests; Ministry of Commerce – checks on trade balance, anti-trust, WTO suit, etc; and State Administration of Foreign Exchange – approves use of foreign currencies. The Ministry of Commerce has relaxed their control.

In 2009, the State Administration of Foreign Exchange published “Foreign Currency Management Regulations on Domestic Enterprises’ Overseas Investments (Draft of Soliciting Opinions),” which changed the funds source verification process from approving before the investment to recording after the investment.

The Ministry of Commerce published “Measures for Overseas Investment Management” in March. The regulations have the following changes: 1. Ministry of Commerce will only review and approve a limited number of large overseas investments. 2. The process is simplified so that most companies only need to submit a form and receive an investment certificate in three working days. 3. The financial viability and feasibility of the investment is left to the company to decide.

Source: Nanfang Daily, June 2, 2009
http://www.nanfangdaily.com.cn/epaper/nfrb/content/20090602/ArticelB03002FM.htm

Employment Challenge for College Graduates

Xinhua republished an article from China Youth, which states that as of June 4, only 2.75 million college graduates, 45% of the total number of graduates this year, have received job offers. To ease the unemployment pressure, the government is creating basic level positions in the countryside, remote towns, and less-developed areas and encouraging the graduates to go there.

Source: Xinhua, June 5, 2009
http://news.xinhuanet.com/politics/2009-06/05/content_11489469.htm

China Shows Its Anti-stealth Airplane Radar

Xinhua republished an article by the Global Times reporting that on April 1, 2009, at the “2009 Fifth World Radar Expo,” China showed photos of the DWL002 passive detection radar system, China’s newest anti-stealth airplane radar system. DWL002 has the following characteristics: high crypticity; a long detection range; a strong anti-interference capability; good mobility; a wide working frequency; flexible signal adaptability; highly precise locationing; and target identification capability.

The article stated that DWL002 radar system is the most advanced anti-stealth airplane radar system in the world. Its main performance measures are superior to radar systems developed by other countries in the same category. This system is likely to be the number one choice for many countries that are facing the threat of (U.S.) stealth airplanes.

Source: Xinhua, May 22, 2009
http://www.xinhuanet.org/bencandy.php?fid=5&id=50518

China Emphasizes Maintaining Stability during the Tiananmen 20 Year Anniversary

The Hong Kong China News Agency reported that all mainland media remained mute during the 20th anniversary of the Tiananmen Massacre. Chinese officials promoted maintaining social stability (Editor’s Note: that translates as no protests or petitions) to keep June 4 quiet. The report listed a few examples:

At end of the May, Liu Qi, Beijing City Party Secretary went to the Beijing West Train Station to check the implementation of the “maintaining stability” work there. On June 2, Zhang Gaoli, Tianjin City Party Secretary said that maintaining stability is a top priority and challenged the Tianjin officials to  make Tianjin the “safest” area in China. On May 31 and June 1, Wang Yang, the Party Secretary of Guangdong Province visited the maintaining stability pilot center for the township’s comprehensive appeals offices and stated that stability is the number one responsibility (for the government).

Source: Hong Kong China News Agency, June 4, 2009
http://www.hkcna.hk/content/2009/0604/13817.shtml

Retired Military Officers Fight for Their Rights

China Human Rights Defenders reported that for the past few years, a total of 10,110 Corp or Division Rank Retired Cadres have jointly signed petition letters to the Central Military Commission, requesting that the problems of housing and other issues of unfair treatment of the 60,000 Corp or Division Rank Retired Cadres be solved. Many of them also went to Beijing to petition. Retired military cadres and soldiers have become a significant part of the defense of rights in China. Their defense of their rights takes various forms: 1. Open petition letters; 2. Demands for political reform, defending human rights, justice, a respect for life, and, in addition, requests for the same treatment as the soldiers on active duty; 3. Electing representatives for a dialog with military officials; 4. A vote allowing the deposing of current officials; 5. Direct resistance actions; and 6. Gathering petitions.

Recently, there have been demands for nationalization of the military. The Chinese Communist Party has been trying hard to suppress the demand. It also uses such methods as promotions, better benefits, or even allows military officers on active duty to be corrupt. However, it ignores the retired officers.

Source: China Human Rights Defenders, May 25, 2009
http://crd-net.org/Article/Class53/200905/20090525123046_15570.html

Hand-Foot-and-Mouth Disease Spreading in China

Epoch Times reported on May 26 that, based on a reliable source, it may be concluded that an unspecified epidemic of either Hand-Foot-and-Mouth Disease (HFMD) or influenza A(H1N1) is widely spreading in China. Since March, people have placed many orders for first-aid equipment in China. Medical equipment used in ERs and on hospital wards is also in hot demand. The factories producing this type of equipment and the associated pharmaceutical materials are working overtime to fill the orders.

Source: Epoch Times, May 26, 2009
http://www.epochtimes.com/gb/9/5/26/n2538281.htm

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