The Economic Weekly, a publication under People’s Daily reported that the Cyberspace Administration of China released a list of media from which Internet media companies may reprint news articles.
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China Tightens Internet Censorship by Interviewing Internet Companies
On April 28, 2015, the China National Internet Information Office issued the “Working Regulations on Interviewing Internet News Information Services,” which will be effective on June 1, 2015.
People’s Daily: Where is This Three-way Relationship Going?
People’s Daily issued a special editorial about Abe’s trip to the United States. According to the editorial, in international affairs, the Sino-US relationship carries more weight than the US-Japan relationship. The Sino-US relationship goes beyond a bilateral relationship and has a global impact, while the Sino-Japan relationship has a regional impact.
Government Reduces the Amount of Land Available for Commercial Development
On April 21, the Ministry of Land and Resources released major economic statistics for the first quarter of 2015. The statistics showed that the amount of state-owned land available for commercial real estate development declined by 38.7 percent year on year. Beijing, Guangzhou, Harbin, and other cities have published an estimated 2015 land availability forecast for real estate development. On a year on year basis, the availability in Guangzhou decreased 24 percent, Beijing 27 percent, and Harbin about 50 percent. The reduction is in response to the sluggish housing market and the high inventory of available housing.
Li Keqiang Criticizes Burdensome Bureaucracy
At the Executive Meeting of China’s State Council on April 15, Chinese Premiere Li Keqiang criticized some ministries and local governments for having burdensome bureaucratic processes and called for an immediate streamlining of the process and for speeding up decentralization.
Li Keqiang: Downward Pressure Continues and Greater Difficulties Lie Ahead
On April 14, 2015, Chinese Premiere Li Keqiang met with some academicians, experts, and business leaders to hear their recommendations on the Chinese economy. During the meeting he stated, “Downward pressure on China’s economy continues to increase.” The country “must prepare to face bigger economic difficulties and challenges.”
Huanqiu: The U.S. and Japan Are Wrong
Huanqiu published an editorial on U.S. Defense Secretary Carter’s trip to Asia. The editorial stated that, considering China’s economic approach in establishing the Asian Infrastructure Investment Bank, the U.S. and Japan are wrong in their strategy of engaging in military development.
Hurun: The Nouveau Riche of China
According to the Hurun Report that Rupert Hoogewerf publishes and that created the Hurun Rich List, there are about 17,000 Chinese whose net worth exceeds 500 million yuan (US$80 million). Together, their net worth totals 31 trillion yuan (US$4.96 trillion), which is about half of the Chinese GDP. Hurun made these remarks at the release of a Hurun 2014-2015 report on the needs of the high net worth population.