Source: BBC Chinese Edition, July 14, 2012
http://www.bbc.co.uk/zhongwen/simp/chinese_news/2012/07/120714_china_internet_weibo.shtml
Briefings - 854. page
Qiushi Journal: Is China’s economy Really Heading Downstream?
On July 16, 2012, Qiushi, a journal of the Central Committee of the Chinese Communist Party, published an article titled “Is China’s Economy Really Heading Downstream?” The article’s writer expressed the belief that, although China’s economic growth has indeed been slowing down for the past 5 consecutive seasons, the current economic slowdown is still within a normal range. He asserted that, as Southeast Asian countries have a more obvious advantage in terms of labor cost, it is an inevitable trend for China to make some adjustments in terms of labor-intensive manufacturing and foreign trade structures and that, with China’s $3.3 trillion foreign exchange reserves, a short-term deficit won’t seriously impact China’s economy.
Source: Qiushi Journal, July 16, 2012
http://www.qstheory.cn/zxdk/2012/201214/201207/t20120712_169555.htm
CRN: China still has Three Policy Tools to Stabilize the Economy
The U.S. Controls the Energy Card
People’s Daily: Who is the Troublemaker for East Asian Security?
IHL: China Should Take a Tough Stance to Make up for Its Military Disadvantage
The International Herald Leader published an article advocating that China be aggressive to make up for its weak military position. The article stated that it is wrong for a weak party to avoid confrontation with a strong opponent. “Patience in the face of a powerful and strong-willed combative opponent is useless because the party that wants to avoid resolving the problem by force cannot prevent a war …” The appeasement policy may also encourage the opponent to take a tougher stance and resort to military action. If China were to wait for the time when it is stronger than the U. S. before taking action in the South China Sea, China would be tying its own hands and feet. “China should demonstrate sufficient resolve to confront the U.S. intimidation tactics, such as visits by U.S. warships to sensitive countries and bilateral and multilateral joint military exercises. It should not retreat when both parties are merely exchanging words in the conflict.” The article concluded with a quote from a military strategist, “If your sword is shorter, you should take a step forward.”
Source: International Herald Leader, July 12, 2012
http://ihl.cankaoxiaoxi.com/2012/0712/60019.shtml
State-Owned Enterprises Warned of Upcoming “Winter Conditions”
Shao Ning, Vice Chairman of the State-owned Assets Supervision and Administration Commission (SASAC), recently attended a management conference at which he stated, “After 30 years of rapid development, the Chinese economy has entered a period of contraction. State-owned Enterprises (SOEs) must prepare for ‘winter conditions’ in the next three to five years.” The first time that the SASAC discussed “winter” was last December when Huang Shuhe, a Deputy Director at SASAC warned twice that SOEs must be prepared for tough winter times in the next three to five years. SASAC Director Wang Yong made similar remarks last March. Wang stated that in a grim economic situation, the SOEs "should identify risk points by improving management and alleviating the bleeding.”
A China Entrepreneurs commentator stated that SOEs are not the only ones that must prepare for a cold winter. “Private enterprises, especially mid to small companies, need to do a better job of preparing for winter. When a cold winter comes, these companies will be the hardest hit as their struggle is in the midst of the market.”
Sources:
Xinhua, June 26, 2012
http://news.xinhuanet.com/fortune/2012-06/26/c_112287187.htm
China Entrepreneurs, July 9, 2012
http://www.iceo.com.cn/column/28/2012/0709/252364.shtml
Officials Appreciate Petitioners’ Contribution to China’s GDP
According to a commentator at Canyu.org., “GDP (Gross Domestic Product) was originally an economic concept but in China it has become a political issue: everyone, from the central government to officials from local governments, is busy paying attention to GDP, day in and day out."
The Canyu commentator has personally met with several dozen victims of corrupt official’s abuse of power. These victims are called “petitioners” (访民). They have been visiting and mailing petition letters to governments at all levels for many years, asking the authorities to investigate the abuse. A few examples are Ms. Xia Shuli, who has been sending petitions for seven to eight years, Xu Jianjiao for seven years, Ding Yijuan for 16 years, and Shen Zhihua for 20 years. The Canyu commentator estimated that Ms. Xia Shuli alone has mailed 97 registered letters to the authorities in the last year. “Based on statistics, there are over 500,000 regular petitioners in China. If each one of them does what Ms. Xia has been doing, just in postage, these petitioners must cause GDP to increase by 625 million yuan each year. I wonder why the State doesn’t resolve petitioners’ grievances. One of the reasons is so that these petitioners can contribute to GDP.”
Source: Canyu, July 14, 2012
http://www.canyu.org/n53914c6.aspx