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Lianhe Zaobao: Chinese International Acquisitions Fell to Ten Year Low

Singapore’s primary Chinese language newspaper Lianhe Zaobao recently reported that China saw its lowest level of overseas acquisitions in 2019, with a total value of US$41 billion. This is half the size of the 2018 volume and less than 20 percent of the volume for the peak year of 2016. The acquisitions in the U.S. declined by 80 percent in 2019, year-over-year. Analysts in the global banking industry expressed the belief that the sharp overseas acquisition decline was the direct result of the U.S.-China trade war and the significantly tightened government regulatory measures imposed in many countries against Chinese buyers. In the meantime, with the economic slow-down in China, the Chinese government is also strictly controlling the volume of capital flowing out of China, making Chinese investors work much harder than before to shrink the debt level. It is especially difficult for Chinese investors to pay back the debts acquired overseas. It is expected that more domestic investments will be seen in China than overseas.

Source: Lianhe Zaobao, December 31, 2019
https://www.zaobao.com.sg/realtime/china/story20191231-1017412

Apple Daily: China Replaced Mainland HK Liaison Office Director

Major Hong Kong newspaper Apple Daily recently reported that Luo Huining, former Secretary of the Shanxi Provincial Party Committee and current Deputy Chairman of the Finance and Economic Committee of the National People’s Congress has replaced Wang Zhimin, Director of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region. It is no coincidence that Wang’s replacement happened at a time when the social stability of Hong Kong was at high risk. Many anonymous sources thought that the central government was extremely unhappy with the handling of the recent Hong Kong movement for democracy and freedom. The Liaison Office is the central government’s direct representative in Hong Kong. Wang is the Liaison Office Director with the shortest term since Hong Kong returned to China in 1997. According to past records, the new Director Luo Huining has no previous experience on Hong Kong related matters. At the age of 65, he is very close to retirement. Many analysts expressed the belief that Luo is on a temporary assignment. The Hong Kong government issued a statement welcoming the new Liaison Office Director.

Source: Apple Daily, January 4, 2020
https://tw.appledaily.com/new/realtime/20200104/1686446/

Yazhou Zhoukan Magazine Selected the Hong Kong Police as the “People of the Year”

Yazhou Zhoukan (亚洲周刊) is a widely circulated Chinese-language weekly magazine in Asia, headquartered in Hong Kong. Michael O’Neill and Thomas Hon Wing Polin, who also established the magazine Asiaweek, created it in December 1987. The Ming Pao group owns this magazine after purchasing it from Times Warner in 1994. Yau Lop Poon is the editor-in-chief.

Recently, Yazhou Zhoukan selected the Hong Kong Police as its “People of the Year” for 2019. The top story of its most recent issue published 7,000 Chinese letters that praised the Hong Kong police as their “guardian angel” and the “anchor that stabilizes the sea,” which, at the critical moment, “impacted the path of history and safeguarded Hong Kong’s rule of law.” It called the Hong Kong police “the most twisted and most insulted” group but also the “most dependent and most respected group.” It claimed that it was all because of the police that the “Hong Kong people maintained their freedom without fear.”

Many people criticized Yazhou Zhoukan for lining up with the Chinese Communist Party and ignoring the simple facts in Hong Kong.

Hong Kong’s renowned Chinese-language fiction writer Dung Kai Cheung posted on his Facebook site that he refused to have his novel “Mingzi” named in Yazhou Zhoukan’s 2019 Top Ten Novel List.

Wang Dan, a student leader at the June 4th Student Movement and dissident from China, called for people to boycott the magazine. “There are plenty of media even without this one,” Wang wrote on his Facebook page. “We must take the bad media off the shelf!”

Source: Radio France International, January 4, 2020
http://www.rfi.fr/cn/港澳台/20200104-香港亚洲周刊评选香港警察为年度风云人物备受争议

Chinese Ski Team Demanded Library in Norway Remove a Falun Gong Book

According to Norwegian media reports, a Chinese skiing delegation, currently training in Merok, Norway, demanded that a local library remove a Falun Gong related book. The reason was that the Chinese government banned those books in China in 1999. The librarian, however, categorically rejected the Chinese delegation’s demand.

Library manager Anne Marken told the Norwegian newspaper Trondheim, “Norway has freedom of speech, so we can’t comply with their request.” In preparation for the 2022 Beijing Winter Olympics, more than 40 Chinese cross-country ski athletes and 15 coaches are training in Norway. The training is one of the exchange projects between China and Norway.

The Trondheim pointed out that in the past few weeks there have been three controversial incidents related to Chinese literary works in Merok’s local library. Library manager Marken told The Trondheim, “Three individuals have now asked us to take down that Falun Gong book. In addition, some others have made similar requests for three other books on our shelves. They said that if members of the Chinese ski team were found reading such books, they might be sent to a labor camp or prison in China.”

Marken emphasized that she told the Chinese ski team representatives that all the books in the library are available for ski team members to read, but the library will never remove any books because of the ski team’s request.

This is not the first time that Chinese groups have exerted pressure on foreign institutions overseas. In November 2019, China threatened to retaliate after the Swedish PEN awarded the Tucholsky Prize to Gui Minhai, a book dealer the Chinese regime abducted and who has been detained since 2015. After that incident, China announced that it cancelled plans for two business delegations to visit Sweden.

Source: Deutsche Welle, January 3, 2020
https://p.dw.com/p/3VewO

China-Cambodia Cultural Tourism Year

“Cultural Tourism Year” is an effective mechanism for China to build a close relationship with a target country and then exert its influence. People’s Daily, the mouthpiece of the Chinese Communist Party, reported that 2019 is the China-Cambodia Cultural Tourism Year. The cultural and tourism authorities of the two countries have organized multiple cultural tourist activities, which has promoted the development of Cambodia’s tourism resources.

In recent years, the number of Chinese tourists to Cambodia has continued to grow. Because of the Cultural Tourism Year programs, there was an increase in the first 10 months of 2019. Chinese tourists to Cambodia exceeded 2.02 million, a year-on-year increase of 24.4 percent, accounting for 38.3 percent of the total foreign tourists to the Southeast Asian country. Cambodia’s Ministry of Tourism estimated that the total number of Chinese tourists visiting Cambodia in 2019 will exceed 2.5 million and the figure is expected to reach 3 million in 2020. China has been Cambodia’s largest source of overseas tourists.

The tourism industry also benefits from the convenience of transportation. At present, cities in Cambodia including Phnom Penh, Siem Reap, and Sihanoukville have direct flights with dozens of cities in China. On a weekly basis, there are about 500 flights between China and Cambodia. The Cambodian government is also striving to open alternative tourist routes to China by both land and sea.

In 2019, China and Cambodia organized a series of cultural tourism exchange activities, including “Knowing China · Jiangsu Cultural Week,” the Lancang-Mekong River Cultural Tourism Exchange, the China-Lao-Cambodia Historical Sites Self-Driving Tour, and the 4th China-Cambodia Excellent Film Tour. At the same time, the Cambodian National Museum went to China to participate in the “Exhibition of Treasures from National Museums along the Silk Road” and the “Joint Exhibition of Asian Civilizations.”

Source: People’s Daily, December 29, 2019
http://paper.people.com.cn/rmrb/html/2019-12/29/nw.D110000renmrb_20191229_1-03.htm

LTN: U.S. Has Become Taiwan’s Largest Oil Supplier

Major Taiwanese news network Liberty Times Network (LTN) recently reported that the Taiwan state-owned CPC Corporation (Taiwan’s largest petroleum company) increased its oil import ration from the U.S. from 30 percent in 2018 to 40 percent in 2019. This made the United States Taiwan’s largest oil supplier. Natural gas imports from the U.S. are on the path of rapid growth as well. The planning involves an increase from today’s three percent to 16 percent in 2021. Taiwan is finalizing a US$475 million shale gas investment (30 percent of the stake) in Haynesville, Louisiana. Although the U.S. oil shipping distance is longer than from the Middle East, yet the U.S. suppliers have competitive pricing and also provide diversity. However, Taiwan does not plan to exceed the 40 percent upper ceiling for U.S. oil. The CPC also suggested that the expected significant increase of the natural gas import level was a direct result of the U.S. Trump administration removing the legal restrictions on exporting U.S. LNG (Liquefied Natural Gas).

Source: LTN, December 25, 2019
https://ec.ltn.com.tw/article/breakingnews/3020154

Potter King: “I Have Never Kneeled Down to the CCP”

Taiwan Internet Celebrity “Potter King” hosted a show with Taiwan President Tsai Ing-wen and posted it on YouTube. His video was watched 3 million times on Facebook and 600,000 times on YouTube.

However, Papitube, a media company in China, which signed “Potter King” for the China’s market, demanded that he remove the video from YouTube, since he called Tsai Ing-wen the “President.” The Chinese Communist Party (CCP) has been belittling Taiwan all along and does not allow others to call it a country or call its leader the “President.”

Later, “Potter King” posted the WeChat exchange between himself and the Chinese company on the Internet. It showed that the staff at Papitube said, “Taiwan President???????!” “Can you remove it right now?” “Do you think if you didn’t post it on a Micro Blog that you can get away with it?” “This is very serious!”

“Potter King” refused to remove it. He answered that, if he can’t call his President the “President” (according to the CCP’s rule), he’d rather not make money from China. He said, “From the beginning, I have never kneeled down (to the CCP).”

This is a significant event having to do with the CCP’s coercing the world about Taiwan, since, in the past, many companies and people have chosen to yield to the CCP.

Source: Deutsche Welle, December 16, 2019
https://www.dw.com/zh/撩总统被中方解约-波特王凸显艺人困境/a-51689526

Beijing Threatens Countries That Do NOT Sign up with Huawei

As the U.S. and the rest of the world see the danger of using Huawei due to its ties with the Communist regime in China, Beijing has been openly warning other countries of “consequences” if they do not sign up with Huawei. Some have not responded well to the attempted coercion

A voice recording on November 15, 2019, revealed that Feng Tie, China’s Ambassador to Denmark, had made such a threat to Bárður Nielsen, the Primary Minister of the Faroe Islands, an autonomous territory within the Kingdom of Denmark. Feng warned that if the Faroe Islands’ telecom company Føroya Tele did not sign the 5G network contract with Huawei, the islands would not have a chance to sign a free trade agreement with China. Feng visited the Faroe Islands at least twice in the past two months.

Fishing accounts for more than 90 percent of the Faroe Islands’ exports. Seven percent of the islands’ Salmon exports go to China. The islands opened an office in Beijing this year in order to further their exports. Many Denmark politicians criticized the CCP and expressed that they would protect Denmark and its autonomous territory the Faroe Islands.

A few days before the Faroe Islands incident, Wu Ken, China’s Ambassador to Germany, warned, “There will be consequences if Germany decides to exclude Huawei from the German market. The Chinese government will not stand by without taking any action.” Wu further linked German car industry to Huawei’s position in Germany.

Back in January 17, 2019, Lu Shaye, then China’s Ambassador to Canada, stated at a news conference that there would be “consequences” if the Canadian government prohibited Huawei from providing 5G network equipment to Canada. Ralph Goodale, Canada’s Minister of Public Safety responded that Canada would not yield to Beijing on national security issues.

Sources:
1. Epoch Times, December 22, 2019
http://www.epochtimes.com/gb/19/12/22/n11738051.htm
2. Epoch Times, December 20, 2019
http://www.epochtimes.com/gb/19/12/20/n11735005.htm