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Xinhua: Washington Still Hanging on a Cliff

Xinhua quoted Hong Kong Wen Wei Po’s article, reporting that in the U.S., there are many companies like General Motors and Citibank that are in trouble, indicating the U.S. economy is still struggling, far from what the Washington officials claim “U.S. economy has reached the bottom.” “No wonder Obama’s hair has turned grey after taking office.”

GM’s stock went down to $1.09 per share on May 12. It was taken out of the Dow Jones Index and listed as junk stock. Citibank also went below $1 and was taken out of the Dow Jones Index. According to Bloomberg, in May 2000, the combined market value of GM and Ford was $100 billion, 50 times the market value of the  Shanghai Automotive Industry Corporation (SAIC) Group. At the beginning of 2009, SAIC’s market value is more than Renminbi 40 billion yuan ($6 billion), more than the combined value of GM and Ford.

Source: Xinhua, May 22, 2009
http://news.xinhuanet.com/world/2009-05/22/content_11418440.htm

China Youth: US Media Pretend There Is No Flu

China Youth published an article titled “The Flu Wreaks Havoc, but the U.S. Media Pretend They Haven’t Seen it” on May 15, 2009. The report said that U.S. media covered little about the influenza A(H1N1) flu, also called swine flu, though U.S. has already confirmed more than 3,500 infection cases. It criticized U.S. media for using a double standard in its reporting: it has extensive coverage and follow-ups for SARS when it was spreading in Asia, but kept quiet about swine flu when it is in the U.S. in the fear of hurting travel business and tourism and creating public anxiety. [1] [Editor’s Note: In 2003, China was criticized by the international community for covering up the SARS epidemic in China and providing unreliable information to WHO staff who went to China to monitor the spread of the disease.]

The Epoch Times reported on May 20, 2009, according to insider information from China’s security system, Chinese media have been providing intensive coverage of A[H1N1] flu to Chinese. The exaggerated reports of the U.S. and other countries’ “swine flu epidemics" make many in China feel that other countries are in great danger. On the surface it is for public health, the underlying reason is to use it as an excuse to declare a state of emergency in case there is a sudden event beyond the CCP’s control. This year is the most challenging year for the CCP, as it marks the 10th anniversary of the CCP persecuting Falun Gong, the 20th anniversary of the Tiananmen Massacre, the 50th anniversary of Dalai Lama leaving Tibet, and 60th anniversary of the CCP’s rule in China. [2]

Source:
[1] China Youth, May 15, 2009
http://zqb.cyol.com/content/2009-05/15/content_2667711.htm
[2] Epoch Times, May 20, 2009
http://epochtimes.com/gb/9/5/20/n2532456.htm

China News: China and Europe Hugging Each Other

China News published a report that Premier Wen Jiabao would go to Prague, Czech Republic on May 20, 2009 for the eleventh China-EU Summit. It stated that China and the EU are closely embracing each other.

The second China-EU High-level Trade and Economic Dialogue was held in Brussels on May 8, 2009. China sent senior officials from the Ministry of Commerce, Ministry of Foreign Affairs, National Development and Reform Commission, Ministry of Science and Technology, Ministry of Industry and Information Technology, Ministry of Finance, Ministry of Housing and Urban-Rural Development, Ministry of Transportation, General Administration of Customs, and General Administration of Quality Supervision, Inspection and Quarantine. The EU representatives were from the fields of business and industry, transportation, internal market, agriculture, consumer protection, customs, environmental protection, information society, and competition. With such a large number of participants, the meeting reached agreements in five areas, including implementation of the general agreement from G-20, anti-protectionism for trade and investment, encouragement for business to participate in each party’s economy development plan, joint support to small to mid-sized business development, and energy development and environmental collaboration.

China is the EU’s second largest trading partner.

Source: China News, May 17
http://www.chinanews.com.cn/gn/news/2009/05-17/1695184.shtml

Loyalty to the Party is Required for Senior Military Officers

With approval from its chairman, Hu Jintao, the Communist Party of China (CPC) Central Military Commission recently issued “The Order on Further Strengthening the Leadership Behavior for Senior and Mid-Level Military Officers.” The order requires that the senior and mid-level military officers have firm belief in the Communist Party and remain clearheaded politically. It states that the overall requirements are: insisting that the Communist Party manage itself; manage the party strictly; focus on the capability development and advancement of the Party organization in the military; greatly promote the core values of contemporary revolutionary soldiers: "loyalty to the party, love for the people, service to the country and devotion to the mission and upholding honor;” emphasize on improving the leaderships’ party nature (primarily loyal to the party and following party’s direction) and establishing and maintaining fine style of work; and start from strictly executing and maintaining the Party’s discipline and formalizing and executing procedures.

Source: China News, May 17, 2009
http://www.chinanews.com.cn/gn/news/2009/05-17/1695110.shtml

Details of the “Cross-2009” Military Exercise

Xinhua reported on May 5 that the military will perform the “Cross-2009” Military Exercise, which will involve  four military area commands. [1] Global Times, a newspaper under Chinese state-owned People’s Daily, published an article to further elaborate on the significance of this exercise: One, it is a joint tactical training practice with participation of four complete army divisions from four military commands, with near fifty thousand soldiers, sixty thousand vehicles and large equipment. Two, the exercise will take place at several training bases at the participating military commands. Recently, each command has established its own regional training base, but a single base is unlikely to accommodate four divisions, so the exercise is likely to be spread among several bases. Three, the announcement mentioned a “large scale of mobility,” implying that the division from each command may travel to another command’s base. Four, it is a study and application of the new military training manual that was adopted last year. Five, the air force and the army’s airmen will also participate in the practice. [2]

People’s Daily also reported that excluding the Nanjing military area command (responsible for military actions against Taiwan) is a goodwill signal sent to Taiwan. [3]

Source:
[1] Xinhua, May 5, 2009
http://news.xinhuanet.com/newscenter/2009-05/05/content_11318736.htm
[2] Global Times, May 8, 2009
http://mil.huanqiu.com/china/2009-05/455556.html
[3] People’s Daily, May 13, 2009
http://military.people.com.cn/GB/1076/52982/9288626.html

Xi Jinping on “Scientific Outlook on Development”

Xinhua has recently reported on several of Xi Jinping’s activities related to the “Scientific Outlook on Development” theory that was Hu Jintao’s main “theoretical contribution” to Communism. Xi is a member of the Politburo Standing Committee of the Communist Party of China (CPC) and Vice President of China.

On May 6 and 7, Xi went to several universities in Beijing to conduct a study of the “Study and Practice of the Theory of Scientific Outlook on Development” movement at universities. On May 7, Xi also gave a speech at the Conference of the University “Study and Practice” Movement at the People’s University, in Beijing. On May 8, Xi Jinping met the participants of the National Conference on the Party’s Construction at the Government Offices. During all these events, Xi Jinping emphasized the need to further implement the “Scientific Outlook on Development” theory.

Source: Xinhua, May 7 & 8, 2009
http://news.xinhuanet.com/newscenter/2009-05/07/content_11332299.htm
http://news.xinhuanet.com/newscenter/2009-05/08/content_11337545.htm

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