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Briefings - 1077. page

China Will Continue Its Loose Monetary Policy

The Political Bureau of the Central Committee of the Communist Party of China held a meeting to review the State Council’s “Report On the Work of the Government.” 

The report outlined the economic direction for 2010, which calls for continuing to implement the proactive fiscal policy and moderate, loose monetary policy in an effort to maintain the continuity and stability of the government policies. 

On one hand, the government should keep up enough policy efforts to consolidate the good momentum of economic recovery, but on the other hand, it should also speed up the adjustment of the economic structure and promote the transition mode of economic development.

Source: Xinhua, February 22, 2010
http://news.xinhuanet.com/politics/2010-02/22/content_13026203.htm

Briefings | | |   Government/Politics

Guangming: 1.3 Billion Chinese Despise Obama

Recently, many major Chinese websites widely republished an article against Obama. The article was originally published on the official site of Guangming Daily, a Beijing City based national newspaper. The author, Fu Yi, claimed “Nobel Prize winner Obama” finally revealed his “scary pseudo-peace” face. The article mentioned the arms sale to Taiwan, which is “opposed by both sides of the Strait” as well as the “splitter and terrorist” Dalai Lama’s visit to the White House. As the people of a rising world power, the author believes, 1.3 billion Chinese are not “easily threatened” – they all “despise” Obama.

Source: Guangming Daily, February 5, 2010
http://guancha.gmw.cn/content/2010-02/05/content_1050439.htm

Briefings | | |   US-China Relations

Ministry of Foreign Affairs Commented on the Dalai Lama’s Visit

The Speaker of the Ministry of Foreign Affairs, Ma Zhaoxu, commented on the Dalai Lama’s visit to US: The United States disregarded China’s repeated solemn representations on Dalai’s visit to the White House. President Obama met him in the Map Room on February 18. The move of the US government was severely contrary to the basic norms governing international relations, violated the three Sino-US joint communiqués as well as the principles set in the Sino-US Joint Statement, broke the repeated US promise of recognition of Tibet being part of China and the promise of not supporting Tibetan independence. China is hereby expressing strong dissatisfaction and opposition. China demands the United States take the Chinese position seriously and take immediate action to eliminate the pernicious impact. The United States should stop conniving with the Tibetan anti-China splitters, stop interfering in China’s internal affairs and take concrete steps to maintain the healthy development of the Sino-US relationship.

Source: Xinhua, February 19, 2010
http://news.xinhuanet.com/world/2010-02/19/content_13005278.htm

Briefings | | |   US-China Relations

Washington and Wall Street: Tom and Jerry in Reality

Xinhua recently published an article by its Washington DC reporter on the relationship between Wall Street and Washington. Wall Street made a fortune in 2009 and the average income increased by 18%. The Obama administration is feeling really uneasy about this and his approval rate is sliding. Although the Wall Street “fat cats” are responding with lowered cash payments to their employees, the Whitehouse is actually the “Tom” in the cat-mouse game. The article pointed out that there is no fundamental conflict of interest between the two. “Jerry” is largely working with “Tom” for a PR show.

Source: Xinhua, January 24, 2010
http://news.xinhuanet.com/fortune/2010-01/24/content_12864554.htm

Briefings | | |   Economy/Resources

Xinhua: China will receive 100,000 American students

Xinhua reported on February 10th that China’s Ministry of Education will implement a “Study in China Program” and receive 100,000 American students to study in China.

The number of foreign students in China is constantly growing. In 1998, 43,000 foreign students studied in China; in 2002, the foreign students increased to 86,000. By 2005, there were up to 140,000 foreign students, from more than 190 countries and regions, studying in China.

Source: Xinhua, February 10, 2010
http://news.xinhuanet.com/edu/2010-02/10/content_12964411.htm

Briefings | | |   US-China Relations

Xinhua: Mr Gates’ comments confirmed Washington’s acceptance of China as a military superpower

Xinhua published a short news report on January 22, 2009, based on a longer article from Global Times, titled as “The US Defense Secretary Said the US Wants to Hold Arms Reduction Negotiations with China”.

Robert Gates, the US Defense Secretary, said in New Delhi on January 20 that the US wants to hold ‘Cold-War Style’ arms reduction negotiations with China to prevent possible military confrontations in the future. Xinhua further cited Mr. Gates’ words from the Telegraph.co.uk’s report on January 20: "I was involved in the strategic arms talks (with the USSR). …… That kind of dialogue with China would be most productive and in the interest of global security." Xinhua’ report concluded with Telegraph’s commentary: “Mr Gates’ comments confirmed Washington’s acceptance of China as a military superpower.”

Source: Xinhua, January 22, 2010
http://news.xinhuanet.com/mil/2010-01/22/content_12854463.htm

Briefings | | |   Defense/Military

Xinhua: Obama Admitted Mistakes and Bowed His Head

Xinhua reported on January 22, 2010, that after being in office for a year, Obama has lost 20% of his public support. The Democratic Party lost the key “60th Vote” in the Senate. Obama acknowledged that the “angry voters” helped Republican Scott Brown win the Senate seat. “The same thing that swept Scott Brown into office swept me into office,” he said.

Obama admitted his mistakes in the past year on his first anniversary in power when he was interviewed by ABC on January 20th. He said that after he became the president “we immediately were confronted with just stacks of tough decisions that had to be made. During the course of this year, we’ve had to make some decisions that were unpopular. We’ve made some mistakes. I’ve personally made some mistakes.”

Source: Xinhua, January 22, 2010
http://news.xinhuanet.com/world/2010-01/22/content_12853747.htm

Briefings | | |   Grapevine

Chinese Media: Chinese Americans Protest Obama’s Meeting with Dalai Lama

According to various Chinese official media, Chinese American organizations and individuals have recently lodged strong protests against President Obama’s meeting with the Dalai Lama in the White House. They include the following:

The National Association for China’s Peaceful Unification, Washington DC (美国华盛顿中国和平统一促进会)
The Association for China’s Peaceful Unification, George Washington University(乔治华盛顿大学中国和平统一促进会)
The Association for American Chinese Voters (美国华人选民协会) 
The U.S.-Shanghai General Chamber of Commerce(美国上海总商会) 
The New York Chinese Associations Alliance (纽约华人社团联席会) 
Huang, Che-Tsao, professor, York College, City University of New York 
Source: various Chinese official media.

Briefings | | |   US-China Relations