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Briefings - 1159. page

Infant Formula in U.S. in High Demand to be Mailed to Mainland China

Following the tainted formula scandal in China, stores in New York’s Chinatown area saw a sharp increase in formula sales. Some of the stores were completely sold out. Most of the customers are immigrants who have sent it to babies back in their hometown in China. Those parents rushed to the stores right away and bought one to two years worth of supplies to be mailed back to China. Some customers were asked by friends and families from mainland China to buy formula for them.

Online formula sales also jumped. Chinese websites in New York City area received a number of postings from the parents in China who were seeking channels to buy infant formula from the US.

Source: Ming Pao, September 18, 2008
http://www.mingpaony.com/htm/News/20080917/nb0101.htm

Briefings | | |   Economy/Resources

Live photos from Chendu: City Officials Trapped by Angry Crowd

A group of photos show a standoff at the front entrance of the Sichuan Conservatory of Music. A fight broke out between officers from Chendu City Management Administration office and students and faculty from Sichuan Conservatory of Music at 6pm on September 18.

It started out when a staff member from the school attempted to stop the officers of the city administration from violently exercising their duty in an office supply store next to the school. As more and more students joined the standoff, the city management administration officers had to retreat into their vehicle which was almost turned over by the angry crowed. Students shouted slogans at those officers. Initially there were only four policemen at the scene. An eyewitness said that at one point in time a police officer had to fire a gun shot to take control. Finally, after more police officers arrived, they helped the city administrative officers leave the scene.

Source: Boxun, September 18, 2008
http://news.boxun.com/news/gb/china/2008/09/200809190407.shtml

Briefings | | |   Social Stability

Exposure to Lehman Brothers of Chinese Banks Reaching $331 Million

Industrial and Commercial Bank of China (ICBC) and Bank of China have total exposure to failed U.S. investment bank Lehman Brothers of $151.8 million and $75.62 million respectively, the official Xinhua news agency said on September 17, 2008.  Exposure of both banks accounts for 0.01 percent of their respective total assets.  The exposure consists of Lehman-related bonds and loans, said Xinhua.

Sources in Shanghai indicate the exposure of other major banks.  Industrial Bank has exposure of $33.60 million and China Merchant Bank has exposure of $70 million. Construction Bank is still in the process of assessing possible losses and no figures have been released.  Communications Bank has limited exposure, according to sources from the bank.

Source: Xinhua, September 17 and 18, 2008
http://news.xinhuanet.com/newscenter2008-09/17/content_10057811.htm
http://news.xinhuanet.com/newscenter2008-09/17/content_10060109.htm
http://news.xinhuanet.com/fortune/2008-09/18/content_10071001.htm
 

Briefings | | |   Economy/Resources

More Companies Found To Have Produced Toxic Milk Powder

22 Companies have produced melamine milk powder, the People’s Daily reported.  China’s General Administration of Quality Supervision, Inspection and Quarantine, tested 491 batches of products from 109 companies after the deaths of infants who had taken Sanlu milk powder.  69 Batches from 22 companies were found contaminated by melamine to varying degrees.

Source: People’s Daily, September 17, 2008
http://society.people.com.cn/GB/41158/8053691.html

Briefings | | |   Social Stability

Xinhua: Neither U.S. Party Platforms Talk about China Threat

A Chinese government think tank believes the omission of a "China Threat" approach in the platforms of both Republican and Democratic Parties marks progress compared to the use of the term “strategic competitor “ by President Bush, reported the International Herald Leader under Xinhua. However, there are problems, observed International Herald Leader. The Republican platform discussed policies towards China and Taiwan separately. In particular, there is no mentioning of “one China”, clearly leaning toward Taiwan. In contrast, the Democratic platform stated that it upholds the “One China Policy.” International Herald Leader further stated that the Democratic Party favors protectionism and attacks China several times in the past on trade issues, quoting Biden’s remarking on banning toy products from China. It was noted that McCain is against protectionism.

Source: Xinhua, September 16, 2008
http://news.xinhuanet.com/world/2008-09/16/content_10027078.htm

Briefings | | |   US-China Relations

More Arrests in Toxic Milk Powder Case

Two more arrests were made according to Hebei authorities’ press conference on September 16, 2008 in connection with the melamine-tainted milk powder recall. As of September 16, 4 people were arrested and another 22 were in police custody. As of September 15, 2008, about 10,000 infants who had been fed contaminated Sanlu powdered milk were examined. 1,253 have been diagnosed with kidney illness. 2 of them have died. 913 are being treated as outpatients. 340 remain in the hospital. "…The number could rise sharply in coming days as more parents take their children for medical check-ups," Xinhua reported, citing Health Minister Chen Zhu.

Source: Xinhua, September 15 and 16, 2008
http://news.xinhuanet.com/newscenter/2008-09/16/content_10040178.htm http://news.xinhuanet.com/politics/2008-09/15/content_10010189.htm

Briefings | | |   Social Stability

China and India Media Exchange Words over Nuclear Issues

Recently, Xinhua published several articles about India media’s attack on China. The issue seems to be originated from the conflict of both countries on the Nuclear Suppliers Group’s decision to lift the ban on India’s nuclear application for civil use. India believes that China is supporting India’s nuclear opponent Pakistan. On September 12, a Xinhua article says “India media again talk nonsense, saying giant China dragon is making people sick.” The article quoted words from Times of India “We can only know who is our true friend at difficult times” and India’s Economic Times “This disgusting giant dragon wants to get exchange for the mother of nuclear dissemination (Pakistan).”

Xinhua also published a few related articles: “India media vilifies that our army trespassed the border, talking about “China invasion;” (http://news.xinhuanet.com/mil/2008-09/11/content_9914443.htm) “India says China is worried about India strengthening military force and forming ally with U.S.” (http://news.xinhuanet.com/mil/2008-09/03/content_9760663.htm)

Source: Xinhua, September 12, 2008
http://news.xinhuanet.com/mil/2008-09/12/content_9944368.

Briefings | | |   Geo-Strategic Trend

Pakistan Imports over 100 Fighter Planes from China

Xinhua reports that Pakistan air force will soon sign an agreement with China to import fighter airplanes. The agreement includes a plan to imports 42 JF-17 fighter planes in the near term. Eight of them has already arrived Pakistan for test and evaluation. It is said that Pakistan air force ordered 150 JF-17 with a possibility of increasing the order to 250-300. The agreement also includes a plan to import 36 FC-20 multipurpose fighter planes from China and 18 F-16 from the United States. When the whole plan is realized, Pakistan’s air force will have an absolute advantage in South Asia. China’s fighter planes will be the main part of Pakistan’s air force.

Source: Xinhua, September 13, 2008
http://news.xinhuanet.com/mil/2008-09/13/content_9960992.htm

Briefings | | |   Geo-Strategic Trend