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All posts by RWZ

Xinhua: China-Russia Oil Pipeline Reached Oil Delivery of 100 Million Tons

Xinhua recently reported that, as of May 19, the volume of oil China acquired from Russia via the China-Russia pipeline had reached 100 million tons. The Pipeline started running on January 1, 2011. The China-Russia pipeline originated at Russia’s Far East Pipeline Skovorodino Distribution Station and entered China at the Xing’an First Station in Muohe, Heilongjiang Province. The Pipeline ends in Daqing, Heilongjiang Province, with a total length of 1,000 kilometers. This pipeline completely changed the history of importing Russian oil via railway. Chinese Customs is responsible for monitoring and managing the acceptance of the imported oil, checking the personnel involved in the maintenance work, as well as coordinating communications with the importing companies. The China-Russia pipeline has so far generated an import trade volume worth of US$62.5 billion. It has also garnered import tariffs of RMB 65.7 billion (around US$9.54 billion).

Source: Xinhua, May 20, 2017
http://news.xinhuanet.com/fortune/2017-05/20/c_1121006862.htm

China News: For Three Years, China Has Had the Largest Number of Investment Projects in Germany

China News recently announced that, according to the latest report that Germany Trade and Invest (GTAI) released, in 2016, China had 281 investment projects in Germany. This number made China the country with the largest number of investment projects in Germany. China has held that title for three years in a row. The 2016 projects were expected to create 3,900 jobs in Germany, which was the highest number of jobs China has created in Germany. Chinese investments mainly concentrate in the field of business services and financial services, which took 27 percent of the projects. Machinery and equipment manufacturing held 11 percent. Electronics and the semiconductor industry held 10 percent, and the automobile industry also took 10 percent. Most of the Chinese investments were spent on sales and market support, which consumed 44 percent of the investments. According to the GTAI report, in 2016, a total of 1,944 foreign investment projects landed in Germany. The statistics do not include mergers. In 2016, Chinese investors were followed by investors from the United States (242 projects), Switzerland (194 projects), Great Britain (125 projects) and the Netherlands (105 projects).

Source: China News, May 19, 2017
http://www.chinanews.com/cj/2017/05-19/8228155.shtml

LTN: Rodrigo Duterte Said China Threatened War over Oil Drilling Redline

Major Taiwanese news network Liberty Times Network (LTN) recently reported that, not long ago, Philippine President Rodrigo Duterte signed an agreement with China (for their countries) jointly to develop natural resources in the South China Sea. President Duterte revealed to the media that Chinese President Xi Jinping once warned him that China will take the risk of (going to) war if the Philippines decides to use The Hague Permanent Court of Arbitration (PCA) ruling to drill for oil in the South China Sea. He described how, when he mentioned that the Philippines intended to drill in the South China Sea, Xi responded, “We are friends, and I don’t want to argue with you. We should maintain a good relationship. However, if you are determined to touch this topic then, no matter what, we’ll take the military approach.

Source: LTN, May 19, 2017
http://news.ltn.com.tw/news/world/breakingnews/2073086

Business Daily: WannaCry Virus Disrupted PetroChina Gas Stations

On May 13 and May 14, Business Daily reported that a large number of PetroChina’s gas stations suffered major business disruptions due to the spread of the WannaCry virus. Over 20,000 gas stations in the PetroChina chain lost their Internet connection for more than 35 hours. Only 80 percent of the stations recovered after 35 hours. The impact of WannaCry spread across many provinces. Major cities such as Beijing, Shanghai, Hangzhou, Chongqing, Chengdu, Wuhan, Xiamen and Nanjing were affected. The stations could still pump gas. However, payment cards and Internet payment methods could not function. Basic cash transactions became the only settlement mechanism. After PetroChina identified the spreading trend within its network, the company proactively cut off the uplink connections of its stations in order to contain the damage. The biggest impact was actually one day ago (May 12) and a massive number of attacks of WannaCry “carpet bombed” many Chinese colleges and universities. PetroChina once had the highest market value in the world (surpassing ExxonMobil). Now it is in second place.

Source: Business Daily, May 15, 2017
http://www.nbd.com.cn/articles/2017-05-15/1105575.html

China News: Former Director of the National Bureau of Statistics Was Accused of Corruption

China News recently reported that Wang Bao’an, former Director of the National Bureau of Statistics, was accused of corruption in court. The prosecution filed the suit against Wang for illegally accepting bribery money totaling over RMB 154 million yuan (around US$22.3 million) between 1994 and 2016. During this period, Wang worked in the State Administration of Taxation, the Ministry of Finance, the Province of Heilongjiang, as well as the National Bureau of Statistics. Wang was accused of wrongdoing in the processes of obtaining government project approval, government procurement bidding, and internal promotion, in exchange for personal financial gain. Sometimes Wang accepted money indirectly via his relatives. Wang pleaded guilty in court immediately and would not appeal. The court will sentence him at a later time.

Source: China News, May 11, 2017
http://www.chinanews.com/sh/2017/05-11/8221288.shtml

RFA: UN Rapporteur Reported Chinese Government Interference

Radio Free Asia (RFA) recently reported that Philip Alston, the United Nations Special Rapporteur on Human Rights, explained to AP about the Chinese government’s interference with his work during his UN mission trip to China last August. The Chinese government warned him not to arrange meetings with anyone through any private channels. He was required to provide the names of the people he planned to meet. At the same time, some of his contacts told him they had been advised to take a vacation during the time of his visit. The police detained one contact for a few hours so he would be unavailable at the meeting time. As a UN Rapporteur, he is supposed to be able to meet with anybody in any UN member country and to protect the information about his sources. Undercover Chinese national security personnel followed Alston for the entire time he was attempting to meet his contacts. The Chinese spokesperson for the Ministry of Foreign Affairs refused to comment on the matter.

Source: RFA, May 3, 2017
http://www.rfa.org/mandarin/yataibaodao/junshiwaijiao/yl-05032017102009.html

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