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All posts by TGS - 110. page

2010: China’s Mergers and Acquisitions Overseas

 According to a report from PricewaterhouseCoopers, in 2010, Chinese companies transacted 188 mergers and acquisitions (M&A) overseas. Totaling US$38 billion, this represented a 30% increase over the previous year. Thirty-four M&As occurred in the United States, which was the largest share. While the majority of M&As appeared to be in mining, metal, and chemical plants, the number in the technology sector increased from 11 in 2009 to 24 in 2010. Regarding whether China is treated fairly in its M&A activities in the United States, PricewaterhouseCoopers stated that the government review and approval process is the same for Chinese companies as it is for their competitors.

Source: Jinghua Times, January 18, 2011
http://epaper.jinghua.cn/html/2011-01/18/content_624117.htm

Briefings | | |   Geo-Strategic Trend

Xinhua: China Launches International TV Broadcasting

A new media broadcasting network, the China International Broadcasting Network (CIBN), was officially launched in Beijing on January 18, 2011. The network will be based on CRI Online, the world’s largest multilingual website, run by China Radio International. According to China Radio International, CIBN will be a convergence of multilingual websites, online broadcasters, network television and mobile service terminals.

Source: Xinhua, January 19, 2011
http://news.xinhuanet.com/zgjx/2011-01/19/c_13696920.htm

Briefings | | |   Information/Technology

Hu Jintao Calls for Strict Enforcement of Political Discipline

Communist Party Secretary General Hu Jintao spoke about priorities at a conference of the Chinese Communist Party’s Central Commission for Discipline Inspection. The priorities include strengthening the monitoring and inspection of how the Party’s major decisions are implemented. “We must strictly enforce the Party’s political discipline, resolutely safeguard the Party’s focus on unity, and unswervingly walk the path of socialism with Chinese characteristics.” He also called for re-enforcing mechanisms to penalize and prevent corruption.

Source: Xinhua, January 10, 2011
http://news.xinhuanet.com/2011-01/10/c_12965490.htm

Briefings | | |   Government/Politics

Xinjiang Party Leader: Resolutely Suppress Terrorist Activities

Zhang Chunxian, Party Secretary for the Xinjiang Military District, stated that military forces stationed in Xinjiang must resolutely suppress terrorist activities. Zhang made the remark at the end of a two-day conference of the Xinjiang Party Committee. “All Party members and military servicemen must fully understand the complexity of the Xinjiang stability issue and must act in concert with the directives and decisions of the Party. … They must be in total control of safeguarding stability. They must improve emergency response systems. … They must resolutely suppress terrorist activities.”

Source: People’s Daily, January 12, 2011
http://politics.people.com.cn/GB/14562/13714082.html

Briefings | | |   Government/Politics

Party Propaganda: Tighten Control of the Media in 2011

Shortly after a national conference of the Party’s propaganda chiefs adjourned, a guideline for news reporting in 2011 was passed down through the chain of command. According to the guideline, news reporting should lead public opinion; among other things, it should “eliminate doubt and confusion, and resolve conflicts.” Only central government level media are allowed to report on major disasters and incidents. Reporters outside the region of the disaster or incident may not file reports. The media cannot challenge the relocation of residents. Nor can the media report on suicides, self-mutilation, or massive social unrest in connection with the relocations. “We must strengthen the control of metropolitan media and make sure that the reports do not direct public attention toward Party committees or the government.”

Source: Baidu, January 12, 2011
http://tieba.baidu.com/f?kz=975372820

Briefings | | |   Government/Politics

Poverty Lies behind the Rising Consumption of Luxury Goods

Behind the increase in luxury brands, China’s manufacturing industry is silently creating poverty, said Twenty-first Century. Per Goldman Sachs, China is becoming the second largest consumer of luxury goods. With consumption in 2010 at $6.5 billion, luxury goods scored the fastest growth three years in a row. The Ministry of Commerce predicts that, by 2014, China will become the largest market for luxury goods in the world, accounting for 23% of the market share. However, “this may be a blessing for luxury brand names, but not for improving China’s domestic demand,” said the article. “Residential consumption in GDP spending has been on the decline every year, while government consumption is rising consistently. … Booming luxury consumption now has become a symbol of the gap between the rich and poor, and of sluggish domestic demand. It is very worrisome.”

Source: Twenty-first Century, December 30, 2010
http://www.21cbh.com/HTML/2010-12-30/yNMDAwMDIxMzcyNQ.html

Briefings | | |   Social Stability

Qiushi: Using the Internet as a Tool to Spread Marxism

Qiushi published an article discussing how the Internet can be used as a tool to popularize Marxism. “Whenever information on Marxist theory is published on the Internet, it can appear instantly across the country and around the world. … It can be presented in the form of text, audio, image, and video. … Thus it enhances the appeal of education and arouses the audience’s interest in learning more [about Marxism].” The 4th plenary session of the 17th Congress of the Communist Party called for action to “sinicize, modernize, and popularize Marxism.”

Source: Qiushi, December 29, 2010
http://www.qsjournal.com.cn/wh/whsy/201012/t20101229_60834.htm

Briefings | | |   Government/Politics

Communist Party History Is Now Online

Since January 1, 2011, China’s major portal and news websites have been running a special column, "Today in Party History," as part of the 90th anniversary of the Chinese Communist Party (CCP). “Today in Party History" will systematically publish the Party’s milestone events compiled by the Party History Research Center under the CCP Central Committee, with the goal “to further affirm the confidence and determination to follow the Chinese-style socialist path.” It appears on the CCP official website, www.cpcnews.cn, and other major portal websites such as xinhuanet.com and sina.com.cn.

Source: Guangming Daily, January 2, 2011
http://politics.gmw.cn/2011-01/02/content_1515019.htm

Briefings | | |   Government/Politics