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Briefings - 1137. page

China Continues Africa Courtship

President Umaru Yar’Adua from Nigeria met with China’s Hu Jintao at People’s Hall in Beijing on the afternoon of February 28, 2008 as part of his four-day trip in China.  Both leaders attended the ceremony to sign documents on exchanges and cooperation in culture and education.

Trade between Nigeria and China reached 3.13 billion dollars in 2006, up from 1.1 billion dollars in 2001, according to the latest data from China’s commerce ministry. Aside from oil deals with Nigeria, China has helped the country build railways and hydroelectric dams, while last year it launched a telecommunications satellite for the nation. Chinese media last month also reported that state-controlled China Development Bank was in talks to buy a five-billion-dollar stake in Nigeria-based United Bank for Africa.
 
Source: Xinhua, February 28, 2008
http://news.xinhuanet.com/newscenter/2008-02/28/content_7689378.htm

Tiananmen Mothers Call for Open Dialogue

The Tiananmen Mothers, a group led by Ding Zilin, a retired professor whose teenage son was killed in the crackdown, called for the Standing Committee of the National People’s Congress to open a dialogue and to investigate the killings. The letter was released through Human Rights in China – a New York-based NGO.

For 19 years, the subject remains taboo and the Chinese government has repeatedly rejected Tiananmen Mothers’ calls to overturn its verdict.

Source: Human Rights in China, February 27, 2008
http://www.hrichina.org/public/contents/press?revision%5fid=47451&item%5fid=47439

Largest Weaponry Manufacturers Saw Revenues Exceed 100 billion Yuan

According to China Military Net, China North Industry Group Corporation (CNGC) and China Ordnance Equipment Group (COEG) have passed the survival stage and entered into global expansion. CNGC’s 2007 revenue hit 126.5 billion yuan, up 20.8 percent comparing to 2006. Its profits grew by 41.5% over 2006. Revenue base are primarily high-tech military products, products for military and civilian dual use, and petroleum exports. COEG’s revenue grew to 129.9 billion yuan (18.3 billion dollars) in 2007, profits totaling 3.69 billion yuan (0.52 billion dollars). The pruduction and sales of COEG’s automobile/motorcycles and photoelectric products lead the whole world, said the website.

Source: China Military Net, February 28, 2008
http://www.milchina.com/Get/cn/2008-2/28/02280849533.htm

Shipbuilding Targets Released for 2008

China’s Commission of Science Technology and Industry for National Defense released the 2008 China’s shipbuilding industry goals: completion of 22 million dwt, industrial output exceeding 300 billion yuan, industrial value added exceeding 80 billion yuan, exports of 16 billion US dollars, profit growth of 20% and 15 point increase in the aggregated economic efficiency index.

Source: China’s Commission of Science Technology and Industry for National Defense, February 18, 2008 http://www.costind.gov.cn/n435777/n435783/144172.html

Grain Prices to Remain Stable

According to Outlook Weekly under Xinhua, China’s grain prices will not be affected by the recent fluctuations in the international grain market. From 2004 to 2007, China’s total grain output was 469.5 million tons, 484 million tons, 497.5 million tons and 501.5 million tons, respectively. Currently, China’s grain reserves have reached 35 percent of annual national grain consumption.

Source: Xinhua, February 28, 2008
http://news.xinhuanet.com/world/2008-02/28/content_7682362.htm

CNS: United States Facing an Unprecedented Credibility Crisis

Carried by China News Service (CNS), Hong Kong based Wenweipo published article on February 26, 2008, titled "United States facing an unprecedented credibility crisis". The article lists a few issues that negatively affected U.S.’s international image: war against Iraq and Afghanistan, gigantic military expense and fiscal deficit, missile defense system set up in countries outside U.S., and recent shoot-down of a spy satellite. The article stated that while U.S. often criticizes other countries for manipulating currencies, U.S. let its own currency to depreciate without control. "The conducts of U.S. makes world countries to show suspects on its credibility."

Source: China News Service, February 26, 2008
http://world.people.com.cn/GB/1029/6924836.html