Xinhua reported on January 19, 2010, that China held 789.6 billion U.S. dollars in U.S. Treasuries at the end of November 2009, $9.3 billion less than it held in October. China is still the largest foreign holder of U.S. Treasury bonds.
Source: Xinhua, January 20, 2010
http://news.xinhuanet.com/fortune/2010-01/20/content_12839858.htm
A Chinese official newspaper, Wenhui, reported on January 19, 2010, that the first rescue workers who arrived in Haiti were actually the Chinese, 2 hours earlier than the Americans.
However, Obama is much better at publicizing his rescue effort to the world’s TV than China, inviting two former presidents in the White House to call for donations and sending Hillary Clinton to Haiti. Yet, what is the amount of the badly needed food, medicine and drinking water the U.S. has brought to the local disaster victims? What is seen is that the U.S. military army has controlled the only local airport so as to give the U.S. nationals the priority to withdraw from Haiti, resulting in French nationals being stranded in the airport for many days, while the plane with French donated field hospital equipment was not able to land in the U.S.-controlled airport.
Source: Wenhui, January 19, 2010
http://wenhui.news365.com.cn/gj/201001/t20100119_2595374.htm
On January 20, 2010, People’s Daily, published an interview with Chen Deming, Minister of the Commerce Department in China, about China’s investment in Africa. Chen Deming denied the international community’s allegations –
of china’s neo-colonialism in Africa, as well as the plundering of African resources – as "totally without justification."
Chen proudly stated that China increased investment in Africa by 77.5% in the first three quarters of 2009. The total investment in 2009 will exceed $1 billion. In addition, China has set up a China-Africa Development Fund, supporting those Chinese enterprises and projects involved with African countries, which will encourage more Chinese companies to invest up to $3.6 billion in Africa.
Source: People’s Daily, January 20, 2010
http://finance.people.com.cn/GB/10801223.html
After China launched the third satellite of its Compass Navigation Satellite System (CNSS) on January 17, 2010, Major General Jin Yinan, Head of the Institute of Strategy, National Defense University, stressed the importance for China to have its own Satellite Navigation System. Jin mentioned that as Europe is developing its Galileo System and other counties continue to launch satellites, the most important issue is the competition for the limited space orbit and satellite communication frequencies. China should launch its satellites before others countries can, to obtain the needed orbits and frequencies while they are still available.
“As of today, launching and starting to use the CNSS system, I personally think, is more important than manned space flight and Chang’e moon landing projects.” Jin argued.
Source: People’s Daily, January 22, 2010
http://military.people.com.cn/GB/42969/58520/10825418.html
He Yafei, spokesperson of the Chinese Foreign Affairs Ministry prioritized three issues on China’s agenda for the United States. “This year both China and the United States need to cautiously and earnestly deal with issue of arms sales to Taiwan, the Dalai Lama, and economic and trade friction, particularly the United States. How to deal with these problems depends on whether or not political leaders, especially the United States government can muster the political determination.”
Source: Xinhua, January 22, 2010
http://news.xinhuanet.com/mil/2010-01/22/content_12855052.htm
On January 19 2010, the fiftieth anniversary of the signing of the U.S.-Japan Treaty of Mutual Cooperation and Security, both governments issued a joint statement “strengthening security and ensuring the alliance remains the anchor of regional stability.”
A survey conducted by the official paper Huanqiu shows that over 90% of Chinese netizens believe that the strengthened U.S.-Japan alliance constitutes a threat to China. A Chinese professor at the Japanese Research Center of Shanghai Jiaotong University said in an interview that the U.S.-Japan alliance is a military relationship, which has undergone several changes since 50 years ago. Today’s alliance is still a strategic prevention targeting China.
Source: Xinhua, January 20, 2010
http://news.xinhuanet.com/mil/2010-01/20/content_12841641.htm
Although China’s annual car sales topped the world at 13.5 million in 2009, it is too early to celebrate.
The real winners, according to the author, are actually foreign companies.
China’s automotive industry depends heavily on foreign companies to supply parts. Especailly regarding auto electronics, engines, and transmissions, foreign company’s market share is 90% .
China has yet to have its own brand. Its advantage in automotive production is low cost laborers. he profit margin is quite low. Without its own brands, China’s astronomical auto sales volume can only help others.
Source: China Business Times, January 20, 2010
http://www.cbt.com.cn/a/lilunpinglun/pangguanzheqing/2010/0120/6346.html
A leadership group for Party development in private businesses was formed in Huaibei City, Anhui Province. In a letter to all private business owners in the city, the group demanded that the Party development in private firms should be the responsibility of Party organizations of all levels.
Party members working in those firms are called on to take the lead and become role models.
In Huaibei, as of December 2009, 217 new party branches had been set up in private companies; 184 party members who disappeared into private companies were recovered.
Source: Xinhua, January 16, 2010
http://news.xinhuanet.com/politics/2010-01/16/content_12820553.htm