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All posts by TGS - 118. page

State-Owned Enterprises Under Tighter Control

The Communist Party issued a new regulation that requires unanimous consent in the corporate governance of state-owned enterprises. Decisions on major matters are defined to include the appointment of key executives. Large projects and investments must be unanimously approved by the Party leadership and the Board of the enterprise, said a statement released by the General Office of the Central Committee of the Chinese Communist Party (CCP) and the General Office of the State Council. Programming development strategies, filing for bankruptcy, restructuring, mergers and acquisitions, transfers of ownership, and overseas investment are also subject to such “collective decision making practices,” said the statement.

Source: People’s Daily, July 16, 2010
http://npc.people.com.cn/GB/12161327.html

Briefings | | |   Government/Politics

Xinhua: Guard Against Foreign Forces in South China Sea

Xinhua published an editorial critical of U.S. Secretary of State Clinton’s remarks at the ASEAN Regional Forum Foreign Ministers Meeting about U.S. interests regarding the disputed South China Sea Islands.  

“These remarks show the interest by foreign forces in intervening in the South China Sea. The underlying motives and the possible impact thereof are worth our attention and alert (toward) the neighboring countries in the South China Sea.”

The editorial warns that whenever there are territorial disputes, western forces will first incite discord in the region and then pose as arbitrators to divide and rule the disputing countries.

Source: Xinhua, July 27, 2010
http://news.xinhuanet.com/2010-07/27/c_12379898.htm

Briefings | | |   US-China Relations

Huanqiu: Be Wary of U.S. Moves in East Asia

Huanqiu published that the United States is “quietly moving” to solidify its influence in Southeast Asia using different tactics. The activities, Huanqiu speculated, include trips to Asia by U.S. officials and U.S. scholars, conferences in Asia on economic partnerships and maritime law, as well as visits to China by U.S. scholars. These covert activities provide the base for future actions as well as intelligence support to its policies and open actions, aiming to cut into East Asia for control when the time is ripe. Professor Su Hao, China Foreign Affairs University, affiliated with the Ministry of Foreign Affairs, wrote the article.

Source: Huanqiu, July 21, 2010
http://opinion.huanqiu.com/roll/2010-07/945457.html

Briefings | | |   US-China Relations

PLA Admiral: Diplomacy Using Incentives and Penalties

Yang Yi, Admiral of the People’s Liberation Army, discussed different means available for Chinese diplomacy. According to his article, there are three major conflicts that China faces. One is the conflict between Chinese-style socialism and the Western cold war mentality; two is resistance to a rising China by monopolistic countries trying to restrain China; and three is conflicts between the accelerated development of China and the interests of other developing countries.

In his opinion, whether the three conflicts can be resolved is the key to China’s ability to maintain stability and to avoid military conflicts. Yang recommends a balanced diplomacy consisting of full participation in international affairs to influence direction, prompt responses without following others, and proactively changing the "rules of the game" by applying incentives and penalties, i.e. using the carrot and stick approach.

Source: Huanqiu, July 28, 2010
http://opinion.huanqiu.com/roll/2010-07/964371.html

Briefings | | |   Geo-Strategic Trend

PLA General: US Navy Ships Have Surrounded China

PLA Major General Luo Yuan states that three U.S. ships have formed a full moon blockade against China, the USS Michigan in South Korea, the USS Ohio in India and the USS Florida in the Philippines. He further stated that the US-Korean military exercises have created a new crisis and obstacles and China should counter tit-for-tat for the hostility against China. “The assertion of sovereignty over the South China Seas must be supported by a military presence. Some countries have repeatedly violated the South China Sea code of conduct. They have a one-sided understanding of our proposal to ‘table the dispute and jointly develop the area.’ They thought we had tabled sovereignty, rather than the dispute. Joint development has now become an anti-China one way development.”

Source: People’s Daily, July 19, 2010.
http://gs.people.com.cn/GB/188868/12183498.html

Briefings | | |   US-China Relations

State to Restructure Publishing Houses for Overseas Expansion

The General Administration of Press and Publication will consolidate and re-structure publishing houses to establish brand name flagships for overseas expansion. The government will provide preferential treatment to the selected publishing houses with important projects, resources and initial public offering preferences. The restructuring will  start first in publishing houses in the areas of social sciences, education and technology. Cross-industry mergers and acquisitions are also encouraged. Through mid to long-term plans, the government will build export oriented priority publishing houses and promote “going out” via mergers and acquisitions and joint ventures with foreign entities.

Source: Xinhua, July 19, 2010
http://news.xinhuanet.com/2010-07/19/c_12349937.htm

Briefings | | |   Government/Politics

Party Dominance in the Financial Business

At the first Party building forum for financial businesses in Beijng on July 7, Party officials made statements to urge promotion of Party building. “Strengthening Party building and Party organizations that play a political core role in the financial business is an important manifestation of the financial business with Chinese characteristics.” Financial businesses are called to “actively explore how to integrate the Party’s leadership with corporate governance and to adhere to the principle that the Party controls the cadres. …” The China Marxism Research Foundation and Financial Daily sponsored the forum at the Party School in Beijing.

Source: Study Times, July 12, 2010
http://www.studytimes.com.cn:9999/epaper/xxsb/html/2010/07/12/01/01_44.htm

Briefings | | |   Government/Politics

New Regulations: Officials Must Report Personal Matters

On July 11, Xinhua published new government regulations. Going forward,  government and state company officials are required to report about their personal matters. Under the new rules, officials from the midlevel and up, including Party and nonparty members, and those working for state-owned companies must report personal information including changes in marital status, personal assets including property and investments, and business activities by spouses and children. They must also report the whereabouts of spouses and children living abroad and whether children are married to foreigners, including people from Hong Kong or Taiwan. Punishment for failing to report ranges from criticism in private and public reprimand to dismissal.

Source: Xinhua, July 11, 2010
http://news.xinhuanet.com/politics/2010-07/11/c_12321707.htm

Briefings | | |   Government/Politics