Economy/Resources - 246. page

Lack of professional translators has turned into a major bottleneck for China’s books to be published outside of China. China’s publishing industry officials acknowledged the problem at the Sixth Conference of the “Chinese Books Promotion Plan.” Jing Ruibin, a subject matter expert of the Working Group for the Chinese Books Promotion Plan, suggested that it’s urgent to bring translators who are familiar with social science, literature, arts, and language up to par. This effort should be under the auspice of the government. Furthermore, publishing companies that have long-term objectives should develop their own translation team.

Source: Xinhua, March 27, 2010
http://news.xinhuanet.com/ent/2010-03/27/content_13257393.htm

Xinhua recently published an official report by China Renmin University that talked about risks after the rebalancing of the world economy. The report discussed three changes after the crisis: (1) The U.S. will hold onto the services market while Europe will be marginalized; (2) High end manufacturing, represented by Japan and Germany, will decrease while the low end will increase; (3) U.S. dominance of the global financial system will weaken while East Asia has an opportunity. The report also listed four Chinese risks: (1) Wrong international positioning; (2) The fight for profit; (3) Tightened liquidity; (4) Political risks – non-economic means of re-balancing. The report concluded with three recommendations: (1) Improve the Chinese financial market’s maturity; (2) Promote regional financial cooperation; (3) Improve Chinese export products structure towards the higher end.

Source: Xinhua, March 26, 2010
http://news.xinhuanet.com/fortune/2010-03/26/content_13249430.htm

In the recent Chinese Publications Export Promotion Planning Conference, the General Administration of Press and Publications was pushing for more copyrighted publications to be exported not only to the major markets of Britain, the U.S., Germany, France and Russia, but also to countries surrounding China as well as Arabic, African, and Latin American countries. The “Go Out” strategy promotes these models: direct publishing overseas; using foreign planning skills for out-going projects; key products bringing along weaker ones; and publishing/printing bundling. In the recent couple of years, the China Publishing Group has already established a network of publishing companies around the globe.

Source: Xinhua, March 26, 2010
http://news.xinhuanet.com/newmedia/2010-03/26/content_13249632.htm

On March 24, the PLA’s General Staff Department and General Political Department issued a joint directive, requiring the army and armed police force to “resolutely implement the important instructions from President Hu Jintao to spare no effort to support local governments in winning the tough battle over drought relief.” 

Beginning on March 5, the Ministry of Land and Resources sent 30 research groups, led by nearly 100 bureau-level senior officials, to 30 provinces, autonomous regions, and municipalities to research land usage by local governments. Their reports showed that the local governments have a strong desire to take farm land for urbanization. There is a great land supply shortage. For example, Anhui Province has a need for 83,000 acres of land for construction, but its land usage quota from the central government was only half of that amount. It’s a common problem among other provinces. There are also tough issues in land management, mineral resource integration, and farmland management system reform.

Source: China News Service, March 23, 2010
http://www.chinanews.com.cn/estate/estate-tdxw/news/2010/03-23/2185501.shtml

People Net, the online presence of Chinese state daily news Renmin, recently reported that the Da Ming Gong Project received a loan of RMB 6 billion from the National Development Bank. This is the National Development Bank’s largest culture investment. Da Ming Gong is the name of the emperor’s palace of the Tang Dynasty. The project is to build a culture park at the location of the palace. The Park, in the City of Xi An, will be open to public on October 1, 2010.

Source: Renmin, March 19, 2010
http://culture.people.com.cn/GB/87423/11176285.html

Li Yi, the Minister of Industry and Information Technology, recently commented on the overcapacity issues, referring to industries such as steel, concrete, nonferrous metals, aluminum, coal,  chemicals, and others. Li mentioned that the central government tends to continue proactive fiscal policies and moderately easy monetary policies. On the industrial side, the policies focus on homegrown innovations, small and medium sized businesses, new industries and technological reforms. Expansion in the industries with overcapacity problems will not be supported. These industries will be controlled by (issuing) fewer loans and (allocating) less land.

Source: Global Times, March 12, 2010
http://china.huanqiu.com/roll/2010-03/743507.html

According to the latest Ministry of Railways’ plan, by 2012, China will beat Japan and Germany when it comes to the longest high-speed railway system. The Ministry of Railways’ new blueprint outlines “four vertical” and “four horizontal” passenger lines that connect the northeast, north, central, west, east, and southern parts of China.

The Ministry of Railways is aggressively raising funds. It will push provincial governments and bring in private capital to support and be involved in the construction and management of the railroad systems.

Source: China Securities Journal, March 4, 2010
http://paper.cs.com.cn/html/2010-03/04/content_54964.htm?div=-1