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Briefings - 773. page

Chinese Scholar: China Should Launch Media, Economic, and Military Warfare against Japan

On February 23, 2013, China Gate published a Chinese scholar’s article titled, “Give up the Fantasy about ‘Friendship’: Fight Japan on Three Fronts.” The article asserted that the Diaoyu Islands (also called the Senkaku Islands in Japan) crisis indicates that Japan has renounced its friendship with China. In order to defend China’s sovereignty and maintain regional peace, China should launch media warfare, economic warfare, and military warfare against Japan.

According to the article, Japan is a pawn of the United States. The U.S. just wants to cause the Sino-Japanese relationship to deteriorate. “What the U.S. wants most is to stop the Chinese and Japanese currency exchange so as to consolidate the U.S. dollar’s hegemony.”

Source: China Gate, February 23, 2012
http://www.wenxuecity.com/news/2013/02/23/2247383.html

Briefings | | |   Geo-Strategic Trend

Huanqiu Explains Why China Does Not Have True Friends

On February 21, 2013, Huanqiu (the Chinese edition of Global Times) published an editorial explaining why China does not have true friends. According to the article, the relationship between countries is based on “the pursuit of common interests.” Once their core interests conflict with each other, the relationship between two countries will become indifferent or they may even be hostile to each other. “Because the United States is the only super power in the world, some countries have chosen to become its allies and hold its ‘thick legs.’” The editorial observed that, as China becomes more and more powerful, those that choose to be hostile to China will gradually lose their future.

Source: Huanqiu, February 21, 2013
http://opinion.huanqiu.com/editorial/2013-02/3661084.html

Briefings | | |   Government/Politics

Xinhua: New Regulations Announced to Control the Housing Market

Xinhua recently reported that the State Council announced a new five-point regulation of the real estate market. The announcement caused a sharp drop in housing stocks and triggered the largest slide in the Shanghai Stock Exchange in 15 months. After the second half of last year, the housing market enjoyed a rebound. In January, real estate prices increased in over one hundred main Chinese cities. With this development, the new regulation was designed to apply more control to the market and cool down housing prices. The key point of the new regulation is to expand the real estate tax on high end properties in order to constrain speculation-oriented investments. Many people believe there is a high probability that the State Council will come up with more restrictions in the future.
Source Xinhua, February 22, 2013
http://news.xinhuanet.com/house/2013-02/22/c_124374182.htm
Briefings | | |   Economy/Resources

CRN: Overview of Accomplishments of RMB Internationalization in 2012

China Review News (CRN) recently published a commentary in which it attempted to summarize the core accomplishments of the effort to internationalize the Chinese currency, the RMB. First, as an important element of the overall effort, marketization of the domestic interest rate made significant progress. This is one aspect of the market that had a high expectation. However the reform is still incomplete; for example, there is a lack of personal savings insurance. Second, the RMB exchange rate is having a bigger floating range (against US Dollar) and is more market-oriented. Offshore RMB exchange and trading centers are being established in addition to that in Hong Kong. Competitors include London, Paris, Taiwan and Singapore. Third, capital account openness reforms are also under way, though slowly. This is a major step towards a fully exchangeable currency. It also exposes a weaknesses of the Chinese financial system to the external world. China does not have a complete law and enforcement system for that matter. Lastly, China has signed multiple nation-to-nation currency exchange and settlement agreements with some key countries such as the BRICS countries and Australia.
Source: China Review News, February 22, 2013
http://www.zhgpl.com/doc/1024/4/6/1/102446184.html?coluid=53&kindid=0&docid=102446184&mdate=0222080943
Briefings | | |   Economy/Resources

Saudi Prince Invested in Beijing Real Estate

Guangming Daily, a national newspaper based in Beijing City, recently reported that Kingdom Holding Company invested $700 million in a Beijing real estate development project called the Jingdong Shopping Center. Saudi Prince Alwaleed Bin Talal owns 95 percent of Kingdom Holding Company. The announcement triggered widespread discussions in China. The Prince himself suggested that the investment “strengthened the strategic relationship between Saudi Arabia and China.” Chinese public opinion seems to agree that this average real estate project has now become much more political. The Prince has a very big investment portfolio, which includes Twitter, Amazon, Apple, Citibank, Coca-Cola, eBay, Ford, McDonalds, P&G, and Disney. 
Source: Guangming Daily, February 18, 2013
http://economy.gmw.cn/biz/2013-02/18/content_6719690.htm
Briefings | | |   Geo-Strategic Trend

Xinhua Commentary: Hillary’s Departure May Benefit US-China Relations

Xinhua carried an article, originally published in Beijing Evening News, which suggested that Hillary’s departure may help to improve the US-China relationship. The article stated that, during her four year term, Hillary shifted the U.S. focus back to the Asia pacific region and upended the U.S. attitude towards China. As Secretary of State, she had a strong influence on the President’s foreign policy. The article said that Hillary belongs to the group that holds hostile feelings toward China. It also suggested that Kerry, as Hillary’s replacement, may be easier to deal with. The article also speculated that U.S. foreign policy toward China may remain unchanged despite how different Kerry’s personality is.

Source: Xinhua, Feb 1, 2013
http://news.xinhuanet.com/world/2013-02/01/c_124312548.htm?prolongation=1

Briefings | | |   US-China Relations

International Herald: Why Does the U.S. Keep Harping on the Chinese Hacker Issue?

In an article published in the International Herald, Yuan Peng, a U.S. expert with the China Institute of Contemporary International Relations, listed three reasons why the U.S. keeps harping on the “China Hacker Threat”: 1) The U.S. believes that China has the capability of launching cyber attacks. 2) A few news media and commercial companies continue to malign China because they fear that their own trade secrets will be leaked and they also look at China as their enemy. 3) They deliberately dwell on the cyber threat issue in order to pave the way for the expansion of their cyber team and to build a foundation for possible future cyber wars.

As to how China should react, the article had two suggestions: 1) Stop the rumor at the early stage. 2) Strengthen the development of China’s cyber power in order to build a strong defense and management capability.

Source: International Herald, February 22, 2013
http://ihl.cankaoxiaoxi.com/2013/0222/168494.shtml

Briefings | | |   US-China Relations

Central Politburo Discussed Restructure of the State Council

The Central Politburo held a meeting on February 23, 2013, in which they discussed the draft restructuring plan of the state council. The participants at the meeting also agreed to have the Second Plenary Session of the Party’s 18th Central committee on February 26 to 28. It was reported that the central committee will provide a list of recommended candidates to be the leaders of government agencies as well as candidates for the National Committee of the Chinese People’s Political Consultative Conference.

Source: Xinhua, February 23, 2013
http://news.xinhuanet.com/politics/2013-02/23/c_114777310.htm

Briefings | | |   Government/Politics