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Xi Jinping: The Nuclear Industry Is a Cornerstone of China’s National Security

When Xi Jinping spoke at the commemoration of the 60th anniversary of China’s nuclear industry, he told his audience, “The nuclear industry is a strategic high tech industry and an important cornerstone of [China’s] national security.” He further stated that China must adhere to safe and innovative development and to the use of nuclear energy for peace; it must enhance the core competitiveness of the nuclear industry and write a new chapter of glory for the nuclear industry. 

Premier Li Keqiang expressed that China should carry forward the traditional, focus on the frontier, enhance the competitive advantages of the nuclear industry, promote nuclear power equipment to "go out," ensure nuclear safety, and continue to build China into a power with a strong nuclear industry. 
Source: Xinhua, January 15, 2015 
http://news.xinhuanet.com/politics/2015-01/15/c_1114011173.htm

China Sets New Trade Surplus Record in 2014

China’s General Administration of Customs reported China’s trade data for 2014. The total import and export volume was 26.43 trillion yuan (US$4.26 trillion), a 2.3 percent increase over the previous year. The trade surplus was 2.35 trillion yuan (US$379 billion), an all-time high.

Exports were 14.39 trillion yuan (US$2.32 trillion), an increase of 6.1 percent over the previous year and also an all-time high. However, the increase rate of 6.1 percent was the lowest in the past five years.

China had a 5.4 percent increase in its trade with the U.S., to 3.41 trillion yuan (US$550 billion) and an 8.9 percent increase in trade with the European Union, to 3.78 trillion yuan (US$610 billion).

Source: Caixin Online, January 13, 2015
http://datanews.caixin.com/2015-01-13/100773846.html

2014 Statistics: Smog Days Increase 70 Percent in Beijing

The China Meteorological Administration recently issued its "China Climate Bulletin 2014." According to its report, the smog situation has worsened in China. Last year, there were 61 Smog days in the area of Beijing, Tianjin, and Hebei Province, a 70 percent increase over the 36 days in the previous year. On average, the whole nation has 17.9 smog days.

Source: Caixin Online, January 12, 2015
http://datanews.caixin.com/2015-01-12/100773475.html

CASS: Real Estate Purchasing Limits May Be Phased Out

China News reported that the Chinese Academy of Social Sciences (CASS) recently released a research report on the Chinese real estate market. The CASS Report found that an across-the-board decline was the dominant theme of the 2014 Chinese real estate market. “Continued adjustments” are expected to be the primary market trend for 2015. The current Chinese housing market suffers the problem of high inventory; at the same time demand remains low. A total of 46 city governments established policies that limit real estate purchases. As of now, only five of them still have these policies in place. The CASS Report expressed the expectation that all cities will drop these limitations within this year. More and more government administrative operations will be done via the market instead of direct government policies. In the new year, most of the real estate companies are planning to focus on reducing their inventory.
Source: China News, January 12, 2015
http://finance.chinanews.com/house/2015/01-12/6956881.shtml

Xinhua: Li Ka-Shing Is Restructuring His Assets

Xinhua recently reported that Li Ka-Shing, the wealthiest person in Hong Kong, announced on the 9th that his two flagship companies (Cheung Kong and Hutchison Whampoa) are being restructured to form two new companies to cover real-estate and non-real-estate businesses. The plan involves re-organizing Li Ka-Shing’s assets, which are valued at approximately HK$1 trillion (around US$129 billion). According to the numbers that Forbes released in March 2014, Li ranked number 20 in the list of the world’s wealthiest people. The most remarkable move in this re-organization is that the new companies will be registered in the Cayman Islands instead of Hong Kong, where the previous companies were registered. Analysts expressed their concerns on this registration choice since Mr. Li previously made a promise that his companies would always be registered in Hong Kong. Li argued in his announcement that the new companies will still be traded on the Hong Kong Stock Exchange just as they have been. In recent years, Li Ka-Shing has been moving out of the Chinese Mainland market and has been making a large number of investments in Europe and Canada. The latest development triggered a widespread discussion as to whether this means that assets valued in RMB (the Chinese currency) now face increasingly higher risks.
Source: Xinhua, January 10, 2015
http://news.xinhuanet.com/fortune/2015-01/10/c_1113948866.htm

Xinhua: Lake Poyang, China’s Largest Freshwater Lake Almost Completely Dry

On January 7, 2015, Xinhua published a photo article titled, “Lake Poyang, China’s Largest Freshwater Lake, Approaches Being Dried Out.” In the brief news article, four photos displayed the dried-out bed of Lake Poyang.

The water level of Poyang Lake at its hydrological station was only 8.11 meters. When the water level is less than 8 meters, it means that the lake has entered its extreme drought season. Currently, Poyang Lake’s water area occupies only 310 square kilometers. In the past, when the water area of the lake was more abundant, it was over 3000 square kilometers.

Source: Xinhua, January 7, 2015
http://news.xinhuanet.com/photo/2015-01/07/c_127367345.htm

Xinhua: China Is Becoming or Has Become the World’s Largest Garbage Dump

On January 6, 2015, Xinhua reported that China is becoming or has already become the world’s largest “garbage dump.” The article stated, “This is not exaggerated to scare people.” According to "Shanghai Securities News" (http://www.cnstock.com/), China imported 125 times more plastic waste, 50 times more metal waste and 21 times more paper waste in 2003 than in 1990. Chinese buyers bought this waste for more than twice the price that other countries wanted to offer. After having been recycled, re-processed or re-furbished, it was then returned to the market.

Some experts have said, “The land and water polluted by garbage cannot be restored for 100 years." The article particularly mentioned plastic waste from the United States, medical waste from Britain, chemical waste from South Korea, household waste from Germany, and abandoned agricultural film from Japan.

Source: Xinhua, January 6, 2015
http://www.xinhuatone.com/detail.jsp?con_id=410164&class_id=53

HSBC Chinese Manufacturing PMI Recorded a Seven Month Low

Well-known Chinese news site Sina recently reported that HSBC/Markit jointly released the final Chinese Manufacturing PMI (Purchasing Managers Index) number for December, which is at a seven month low point at 49.6. According to Qu Hongbin, HSBC Chief Economist of the Grand China Region, domestic demand is on the decline, which has caused the number of new orders to shrink. This also confirms that the manufacturing industry is getting weaker. Qu suggested that the government may need to relax its currency policies again in the next few months. The unemployment sub-index showed an increase in unemployment, which may indicate that manufacturing companies are not hiring. PMI is an indicator of financial activity reflecting purchasing managers’ acquisition of goods and services. A PMI number below 50 typically reflects a decline.
Source: Sina, December 31, 2014
http://finance.sina.com.cn/stock/usstock/c/20141231/111321206181.shtml