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Briefings - 1022. page

Over 30% of China’s Richest People Involved in the Real Estate Industry

A report by the Chinese Alumni Association website showed that 30% of the Chinese whose assets are 100 million Yuan ($17 million) or more are involved in the real estate industry. The report analyzed China’s magnates based on Hurun’s China’s top 100 richest people and Forbes’s China’s billionaire club from 1999 to 2009. The report also showed that over 50% of these richest people concentrated in three industries: real estate, energy, and IT. The number of elite without overseas experiences is significantly more than those with overseas experiences.

Source: Xinhua, May 26, 2010
http://news.xinhuanet.com/fortune/2010-05/26/c_12144157.htm

Briefings | | |   Economy/Resources

China on Western Development

The Political Bureau of the CCP’s Central Committee held a meeting on May 28 to study further implementing the Western Development strategy and policy measures. Hu Jintao presided over the meeting. The meeting concluded that the development and stability of the western region of China is critical to different ethnic groups in China and the long-term stability of the country. The meeting stressed that due to its significant strategic position, the western region should receive special policy support from the central government. The policy measures should cover fiscal measures, tax, investment, financial industry, production industry, land, pricing, human resources, ecological construction, and government subsidies.

Source: Xinhua, May 28, 2010
http://news.xinhuanet.com/politics/2010-05/28/c_12154095.htm

Briefings | | |   Government/Politics

Ministry of Education Will Send 10,000 Chinese Students to the U.S.

People’s Daily website republished an article by the China National Radio, reporting that in the next four years, the Ministry of Education will send 10,000 Chinese students to the U.S. for doctoratal studies. The ministry will also sponsor 10,000 American to come to China, including visits by elementary and middle school principles, summer camp for high-school and college students, advanced studies by the Chinese language teachers in the U.S., and Confucius Institute scholarships. In 2009, nearly 100,000 Chinese went to the U.S. to study. The number is expected to grow to 130,000 for 2010.

Source: People’s Daily, May 27, 2010
http://politics.people.com.cn/GB/1027/11708853.html

Briefings | | |   US-China Relations

National Talent Working Conference

In a very rare meeting attended by all of the nine members of Standing Committee of the Politburo, Hu Jintao gave a lengthy speech about the importance of talent to the country. The National Talent Working Conference held in Beijing on May 25 and 26 was also televised to Party and government agencies at the provincial level. While stating that talent is the “paramount resource,” and “the talent issue is the key issue that matters for the development of the cause of the Party and the country,” Hu emphasized to “adhere to the principle that the Party controls the talent.” 

In 2009, the Party issued the Development Plan Outline for Medium and Long Term Talent Development (2010—2020), sketching out the strategies to build up the country’s human resources. 
Source: People’s Daily, May 26, 2010 
http://politics.people.com.cn/GB/1024/11705655.html
Briefings | | |   Economy/Resources

Beijing to Bring In 1000 High-Level Experts from Overseas

In December 2008, the Central Committee of the Chinese Communist Party (CCCCP) issued the Suggestions on the Implementation of Introducing High-Level Overseas Talent. A “1000-Talent Project,” implemented by the Organization Department of the CCCCP has since been underway to bring experts from other countries into China. At present, as many as 662 high-level overseas experts have been recruited. Among them, there are 448 overseas Chinese that already acquired foreign citizenship and 20 non Chinese. The 662 experts include 293 full professors, 9 associate professors, 72 research fellows in top research institutes such as Harvard, MIT, and Bell Lab; 75 high-level research personnel, and 43 senior management staff from multinational corporations, such as Boeing, GM, and Morgan Stanley.

Source: People’s Daily, May 25, 2010 
http://politics.people.com.cn/GB/1026/11683361.html
Briefings | | |   Economy/Resources

The Party Agency Calls for Intensified Social Control

The ever deepening social instability, as shown in recent killings of school children and other incidents, has caught the Party’s attention. The Committee for Comprehensive Management of Public Security (CCMPS), an agency under the Central Committee of the Party in charge of societal control, is having a national conference for directors of provincial offices of the Committee. CCMPS is headed by Zhou Yongkang, the Party’s security czar and also head of the Political and Legal Committee. 

The conference calls for “enhancing the capacity to solve social conflicts, preventing the root cause,” “enhancing management of the migrant population, mental patients, drug addicts, and former prisoners,” and “enhancing management of the Internet, new social organizations, and new economic organizations.” 

Source: People’s Daily, May 27, 2010 
http://politics.people.com.cn/GB/1026/11705663.html

Briefings | | |   Social Stability

China Review News on US-China Relations: No Fundamental Changes

An editorial of China Review News states that neither the current warmth or the freezing coldness back in January or the honeymoon last year has resolved the fundamental issues in US-China relations. The only benefit is that it avoids confrontations on strategic issues. There are two possible reasons according to the editorial. One is that the U.S. drives the US-China relations, with the determining factor being the U.S. policy toward China and not China’s policy toward the U.S. Two, the U.S. policy toward China has been weaving back and forth between strategic considerations and specific interests.  The U.S. is accused of causing significant damage to bilateral relations because of the arms sales to Taiwan, Internet freedom issues and a slew of others, which are, in the mind of the editorial, meant to strategically restrain China.

Source: China Review News, May 25, 2010
http://gb.chinareviewnews.com/doc/1013/3/1/4/101331490.html?coluid=1&kindid=0&docid=101331490&mdate=0525001216

Briefings | | |   US-China Relations

China Honing in on European Political Parties

Li Yunshan, Politburo member and head of the Communist Party Propaganda Department, spoke at the May 24 reception of the China-Europe High-Level Political Party Forum in Bejing. The premise of his speech was “deepening strategic mutual trust and promoting across-the-board cooperation.” Li made three recommendations: one, to enhance strategic awareness and establish and perfect the communication mechanism; two, to enhance common understanding of win-win positions and broaden the cooperation channels; and three, to enhance inclusivity and solidify friendly co-existence. Communist Party officials from the International Department of the CCP Central Committee, the Foreign Ministry, the Ministry of Commerce, the National Development and the Reform Commission attended the event.

Source: International Department, Central committee of Communist Party of China, May 24, 2010 http://www.idcpc.org.cn/dongtai/100524-4.htm

Briefings | | |   Geo-Strategic Trend