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Study Times: Too Much Deregulation May Lead to Problems

The government and local authorities have been trying to deregulate in order to stimulate the economy, but they have over-done and set up potential problems, warns Study Times. The authorities have adopted measures to expedite processing of permits and deregulated certain restrictive policies. “However, there has been a tendency to over-relax.” “Some cognizant departments have approved projects outside their authority, have turned a blind eye to violations of regulations originally implemented to increase economic efficiency and employment, have done absolutely nothing to stop the resurgence of programs already eliminated, and have excused serious violations of law that would protect workers rights and interests.”

Source: Study Times, July 6, 2009
http://www.studytimes.com.cn/WebPage/ny1.aspx?act=1&id=2766&nid=10035&bid=4&page=1

Briefings | | |   Social Stability

Study Times: From Financial Security to National Security

Financial security is a matter of national security to China, according to Study Times. An instability in the financial system may ultimately lead to a social political crisis. “Loss of financial control means loss of control of the economy.” “By building a financial security network, we can guard against the technical attack of financial risks to China’s financial security, strengthen public confidence in China’s financial security, and safeguard our financial stability and financial security.”

Source: Study Times, July 13, 2009
http://www.studytimes.com.cn/WebPage/ny1.aspx?act=1&id=2790&nid=10103&bid=10&page=1

Briefings | | |   Economy/Resources

Xinhua: US Stepping Forward from “Behind the Scene” in South China Sea

2009 sees a bigger role for the United States in the South China Sea, said Xinhua. “Vietnam, the Philippines, Malaysia and other countries now view foreign military procurement as a shortcut to quickly upgrading their sea and air combat capability. In 2009 the neighboring countries in the South China Sea have changed their strategy to procure high-performance conventional submarines, long-range fighters, advanced surface ships and other heavy equipment.” As Southeast Asian countries have spoken about opposing China with the help of the United States, "the United States is stepping from ‘behind the scene’ to the ‘front stage’ in the South China Sea."

Source: Xinhua, July 3, 2009
http://news.xinhuanet.com/herald/2009-07/03/content_11644872.htm

Briefings | | |   Geo-Strategic Trend

Outlook: China to Go to the North Pole

China has major strategic interests in the Arctic region and should secure the Arctic’s resources, said Outlook Weekly. “The Arctic has an important impact on temperature and precipitation in China.” “Use of the Arctic waterways for Chinese fleets would shorten the voyage by 40% compared to the current routes through the Suez Canal and the Panama Canal that are plagued with security risks, high cost and schedule delays.” “China should invest in the development of or otherwise secure the Arctic’s resources.”

Source: Outlook Weekly, Issue 27, 2009
http://lw.xinhuanet.com/htm/content_4882.htm

Briefings | | |   Geo-Strategic Trend

China Petroleum Makes a Foothold in Iraq

Global Times reported that China National Petroleum Corp and BP jointly won the bidding for the al-Rumeila oil field contract in Iraq. “Despite earning only two U.S. dollars a barrel and facing various risks, China’s oil companies need to get a firm foothold in Iraq as soon as possible and increase their market share of oil and gas exploitation. Income and profit margin are secondary factors.”

Source: Global Times, July 2, 2009
http://finance.huanqiu.com/roll/2009-07/503661.html

Briefings | | |   Geo-Strategic Trend

China Warns against US Protectionism

Xinhua observed that the United States is increasing trade friction with its recent WTO case against China over its export restrictions on raw materials. It is the first case during the Obama administration and the European Union is joining the United States in the action, noted Xinhua.
 
"As the two largest trading nations, it is normal to have trade friction. However, a series of trade frictions will damage bilateral trade relations." "Although a trade war would be a lose-lose for all, still, China should not allow the United States continue to discriminate against Chinese products."

Source: Xinhua, June 25, 2009
http://news.xinhuanet.com/fortune/2009-06/25/content_11596474.htm

Briefings | | |   US-China Relations

U.S.- Indian Policy Targets China

The International Herald Leader under Xinhua reported, when commenting on Secretary of State Hillary Clinton’s announcement of a “US-India 3.0” relationship, that government think tanks have published that the U.S. is improving its relationship with India in order to contain China, .

The article of the Chinese Academy of Social Sciences states, “The China factor is very obvious” in the 2005 ‘New Framework in the India-U.S. Defense Relationship’ between the United States and India. “Both countries feel an inexplicable but obvious insecurity toward the growth of China.” The article cites U.S. media on China’s building a nuclear submarine in Sanya, Hainan, Indian and western media on China’s involvement in Sri Lanka’s Hambantota Port, and on Chinese naval ships escorting merchant ships in the Indian Ocean earlier this year.

Source: International Herald Leader, June 22, 2009
http://news.xinhuanet.com/herald/2009-06/22/content_11580302.htm

Briefings | | |   US-China Relations

Water Shortage Threatens China

Floods, draught and severe water pollution will be the three constraints for China, Study Times observes. “China’s water resources total 2.8 trillion cubic meters, ranking No. 6 in the world, but the per capita water resource is only 2,200 cubic meters, about 30% of the world average.” “The water shortage amounts to 40 billion cubic meters. Nearly two-thirds of the cities suffer from insufficient water resources. On average drought disasters hit 2.3 million mu of agriculture land [1 mu = 0.165 acre] every year.” The article concludes that China is highly eco-environmentally vulnerable.

Source: Study Times, June 22, 2009
http://www.studytimes.com.cn/WebPage/ny1.aspx?act=0&id=2727&bid=1

Briefings | | |   Economy/Resources