TGS – Page 140 – Chinascope

Xinhua: Taiwan Reports on the Mainland’s Initiative to Invest in Taiwan and Other Media

Xinhua reported that, according to Taiwan media, Mainland China is encouraging Mainland media to invest in Taiwan media. On April 7, 2009, the General Administration of the Press and Publications of the PRC issued guidlines to further promote the reform of the Press and Publications.

Xinhua states, “According to Taiwan media, the Guidelines encourage Mainland media to go out and establish newspapers, journals, press houses, and printing shops through wholly-owned subsidiaries, joint ventures and cooperatives, and to expand their markets in Taiwan, Hong Kong, Macao and foreign markets.” “The Guidelines recommend that six or seven large mass media each with assets and sales exceeding 10 billion RMB be established over the next three to five years.”

Sources:
Xinhua, April 7, 2009
http://big5.xinhuanet.com/gate/big5/news.xinhuanet.com/newmedia/2009-04/07/content_11141968.htm
General Administration of Press and Publication of the PRC, April 7, 2009
http://www.gapp.gov.cn/cms/html/21/367/200904/463212.html

Briefings | | April 13, 2009 | Geo-Strategic Trend

Xinhua: Western Media Misinterpret China’s Statement on U.S. Dollar

The New York correspondent of Xinhua reported on April 2, 2009 that some Western media have wrongfully interpreted the March 23 statement by China’s central bank as a challenge of the U.S. dollar. The People’s Bank of China released this statement by Zhou Xiaochuan, the central bank’s governor, on March 23, 2009. It calls for replacing the dollar as the dominant world currency and creating "an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run."

Source: Xinhua, April 2, 2009
http://news.xinhuanet.com/fortune/2009-04/02/content_11120020.htm

Briefings | | April 6, 2009 | US-China Relations

Tibet Highlighted in China and France CommuniquÚ

Chinese President Hu Jintao met with French President Nicolas Sarkozy in London on April 1, 2009, hours after China and France issued a press communiqué. In the communiqué France pledged not to support "Tibet independence" in any form. However, Xinhua reports that Tibetan supporters still “have support among French voters and politicians.” On March 2 Xinhua published an article to quash rumors that China threatened to cancel Airbus aircraft orders worth tens of billions of U.S. dollars as a warning to the French government.

Sources:
Xinhua, April 2, 2009
http://news.xinhuanet.com/world/2009-04/02/content_11121095.htm
Xinhua, March 2, 2009
http://news.xinhuanet.com/fortune/2009-03/02/content_10925108.htm

Briefings | | April 6, 2009 | Geo-Strategic Trend

State Media: Obama, Why Should We Believe You?

Obama must take action to ensure Chinese assests are secure in the United States, says a March 19 editorial in the International Herald Leader, a subsidiary of Xinhua. On March 13, Premier Wen re-iterated China’s request that the U.S. administration honor its promise to ensure Chinese assets are secure in the United States. In response, Obama announced that investors from the world including China should have absolute confidence in their investment in the United States.

The editorial comments that unless Obama takes concrete action to reassure China, his promise is nothing but lip service. Specifically, China should leverage its position as the largest debtor and negotiate a much higher return with the U.S. Treasury for U.S. government bonds. China should tie the appreciation of the RMB with the purchase of U.S. government bonds to resist further pressure from the U.S. on RMB appreciation.

Source: Xinhua, March 19, 2009
http://news.xinhuanet.com/herald/2009-03/19/content_11034722.htm

Briefings | | March 20, 2009 | US-China Relations

2009 China Military Power Report Will Harm U.S.-China Relations, Warns Chinese Defense Ministry

Qian Lihua, Director of the Foreign Affairs office of the Chinese Defense Ministry, stated that the March release of the 2009 China Military Power Report by the U.S. Department of Defense will cause new damage to bilateral military relations. His remarks were made after a meeting between himself and David Sedney, U.S. Deputy Assistant Secretary of Defense. The Xinhua report says that the past 30 years of exchanges have lacked a fundamental principle both countries agree to. This is the result of “a strong U.S. and a weak China.” China has invited the U.S. to observe several field exercises in the past few years, while the U.S. rarely does the same.

Source: Xinhua, March 2, 2009
http://news.xinhuanet.com/herald/2009-03/02/content_10926360.htm

Briefings | | March 20, 2009 | US-China Relations

State Delegation of Tibetans Visits the United States

A State delegation of Tibetan members of the National People’s Congress met with U.S. Congressmen, reported the Chinese Central Government’s website on March 18, 2009. The delegation met with Congressmen Rick Larsen, Chairman of the U.S.-China Working Group, and John Conyers, Chairman of Judiciary Committee of the House of Representatives. The delegation also visited the Brookings Institution in Washington DC.

Source: Central Government of China, March 18, 2009
http://www.gov.cn/jrzg/2009-03/18/content_1262072.htm

Briefings | | March 19, 2009 | US-China Relations

Anti-monopoly in China: Coco Cola Denied Bid to Purchase Largest Chinese Juice Producer

China’s Anti-monopoly Bureau of Ministry of Commerce denied the U.S. company’s bid to purchase Huiyuan Juice, according to a release by the Ministry’s press office on March 18, 2009, on grounds that the proposed acquisition may restrict competition and harm local producers. On September 18, 2008 Coca-Cola’s submitted application to China’s Anti-monopoly Bureau for clearance to purchase Huiyuan Juice, China’s largest juice producer. Review of the application started November 19, 2008.

Source: Ministry of Commerce of China, March 18, 2009 http://www.mofcom.gov.cn/aarticle/ae/ai/200903/20090306108388.html