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Briefings - 1069. page

Xinhua: Bottleneck for China’s Books to be Published Outside of China

Lack of professional translators has turned into a major bottleneck for China’s books to be published outside of China. China’s publishing industry officials acknowledged the problem at the Sixth Conference of the “Chinese Books Promotion Plan.” Jing Ruibin, a subject matter expert of the Working Group for the Chinese Books Promotion Plan, suggested that it’s urgent to bring translators who are familiar with social science, literature, arts, and language up to par. This effort should be under the auspice of the government. Furthermore, publishing companies that have long-term objectives should develop their own translation team.

Source: Xinhua, March 27, 2010
http://news.xinhuanet.com/ent/2010-03/27/content_13257393.htm

Briefings | | |   Economy/Resources

International Herald Leader: Kim Jong-il May Visit China Soon

North Korea’s top leader Kim Jong-il will most likely visit China soon, according to the International Herald Leader. The article suggests that the most obvious reason for Kim’s visit is to ask for financial aid from China. North Korea is short of funds, especially since last-year’s embargo initiated by the U.N. that greatly restricted North Korea’s arm sales overseas. Also, Kim Jong-il is likely to officially introduce his chosen successor, his third son Kim Jong-un to Chinese leaders. The article said that Kim Jong-il’s visit to China will fall between March 25 and 31. He will visit Northeast China first before he comes to Beijing.

Source: International Herald Leader, March 25, 2010
http://news.xinhuanet.com/herald/2010-03/25/content_13242755.htm

Briefings | | |   Geo-Strategic Trend

Xinhua: The U.S. is a Master at Exchange Rate Manipulation

Xinhua recently published an article suggesting that the U.S. is the country unloading the financial crisis burden onto other countries by manipulating the dollar exchange rate. During 2005 and 2008, the Chinese currency, the RMB, had an appreciation of 20% against the U.S. dollar, while the trade surplus increased. Then last year, the RMB exchange rate remained stable, while the trade surplus decreased. This was considered proof that a higher RMB exchange rate does not help U.S. exports. The author believes that the U.S. is taking advantage of the dominant position of the U.S. dollar to increase the cost of Chinese exports, thus increasing the competitiveness of U.S. products in the domestic market.

Source: Xinhua, March 26, 2010
http://news.xinhuanet.com/fortune/2010-03/26/content_13249503.htm

Briefings | | |   US-China Relations

Post Crisis Period: Focus on External Political Risks

Xinhua recently published an official report by China Renmin University that talked about risks after the rebalancing of the world economy. The report discussed three changes after the crisis: (1) The U.S. will hold onto the services market while Europe will be marginalized; (2) High end manufacturing, represented by Japan and Germany, will decrease while the low end will increase; (3) U.S. dominance of the global financial system will weaken while East Asia has an opportunity. The report also listed four Chinese risks: (1) Wrong international positioning; (2) The fight for profit; (3) Tightened liquidity; (4) Political risks – non-economic means of re-balancing. The report concluded with three recommendations: (1) Improve the Chinese financial market’s maturity; (2) Promote regional financial cooperation; (3) Improve Chinese export products structure towards the higher end.

Source: Xinhua, March 26, 2010
http://news.xinhuanet.com/fortune/2010-03/26/content_13249430.htm

Briefings | | |   Economy/Resources

Chinese Publishers Rush to Grab the World Market

In the recent Chinese Publications Export Promotion Planning Conference, the General Administration of Press and Publications was pushing for more copyrighted publications to be exported not only to the major markets of Britain, the U.S., Germany, France and Russia, but also to countries surrounding China as well as Arabic, African, and Latin American countries. The “Go Out” strategy promotes these models: direct publishing overseas; using foreign planning skills for out-going projects; key products bringing along weaker ones; and publishing/printing bundling. In the recent couple of years, the China Publishing Group has already established a network of publishing companies around the globe.

Source: Xinhua, March 26, 2010
http://news.xinhuanet.com/newmedia/2010-03/26/content_13249632.htm

Briefings | | |   Economy/Resources

Global Times: Google incident overstated by the West

Global Times, one of China’s official websites, reported on March 25, 2010, that the Google incident is overstated in the West and some Western media such as the “San Francisco Chronicle” and “The Wall Street Journal,” are maliciously discussing “how to deal with China.” Chinese analysts believe that, when conflicts occur, Westerners are united by these media to pressure China.

Global Times also reported that the U.S. government’s attitude is actually backing down on this matter except for Secretary of the State Hillary Clinton’s initial pressure on China’s Internet freedom. Now, the Google incident is only Google’s challenge to the Chinese government. Chinese netizens are now becoming calmer and calmer about the Google incident. Those sympathetic voices toward Google are weakening and the words are not as sharp.

Source: Global Times, March 25, 2010
http://world.huanqiu.com/roll/2010-03/755597.html

Briefings | | |   US-China Relations

Global Times: The U.S. will lose, if there is a trade war with China

On March 25, 2010, Global Times, one of China’s official websites, published the article “China advises the U.S. regarding ‘Trade War’: the U.S. will be a loser if it challenges (China).”

The article cited Western news reports to present its point, such as the Washington Post’s article on March 22, 2010, (“China’s commerce minister: U.S. has the most to lose in a trade war”); the Reuters’ article on March 21, 2010, (“China vows to hit back if targeted by U.S. on yuan”); an article from the Boston Globe; and another article from Singapore’s "Lianhe Zaobao".

Yuan Peng, director of the Institute of American Studies at the China Institute of Contemporary International Relations told Global Times that it would be a lose-lose situation if the U.S. launched a trade war with China.

Source: Global Times, March 25, 2010
http://world.huanqiu.com/roll/2010-03/755601.html

Briefings | | |   US-China Relations

Xinhua: CPC Press Spokesman System is important to strengthen Party building.

Xinhua reported on February 25, 2010, that Xinhua had an exclusive interview with the CPC Central Committee Propaganda Department’s press spokesman regarding how to “constantly strengthen the Party’s power in creativity, cohesion and combat.”

“The establishment of a CPC Committee Press Spokesman System,” which is very important to strengthen the  building of the Party, was first proposed in the Fourth Plenary Session of the 17th CPC Central Committee Conference.

Several CPC Central Committee departments have established their press spokesman systems, such as the CPC Central Commission for Discipline Inspection, the CPC Organization Department, the CPC United Front Work Department, the CPC External Liaison Department, the CPC Party History Research Office, the CPC Literature Research Center, the CPC Taiwan Affairs Office of the State Council, and the CPC State Archives Administration.

Source: Xinhua, February 25, 2010
http://news.xinhuanet.com/politics/2010-02/26/content_13055994.htm

Briefings | | |   Government/Politics