Geo-Strategic Trend - 214. page

China’s National Development and Reform Commission (NDRC) announced 16 overseas investment projects, as two of its largest telecommunications companies – Huawei and ZTE – are blocked by U.S. lawmakers as national security threat.

According to Xinhua, the sheer number of the announced projects hit a new high this year, including seven energy related projects as well as others spanning the areas of finance, communications, and infrastructure. A Ministry of Commerce official said that the government is willing to support enterprises’ overseas direct investment to divert the excess capacity and alleviate the Europe and the U.S.’s anti-dumping pressure.

The official statistics show that China’s net overseas direct investment in 2011 was $74.65 billion, a year-on-year growth of 8.5%, ranking No. 6 around the world. As of the end of 2011, a total of 13,500 investors established 18,000 enterprises in 177 countries (regions). It’s estimated that the investment will exceed $500 billion during the “12th Five-Year Plan” period (2012 – 2017).

Source: Xinhua, October 11, 2012
http://news.xinhuanet.com/2012-10/11/c_113343280.htm

People’s Daily published an article on its website analyzing the Japanese media’s reaction to China’s handling of the latest Diaoyu Islands dispute. The article observed that China’s four state-owned commercial banks refused to attend the annual meeting of the International Monetary Fund (IMF) and the World Bank held in Tokyo, Japan on October 9, 2012. This has made the Japanese media extremely worried.
 

On September 15, 2012, Wang Chen, Deputy Director of the Propaganda Department, met with the overseas media partners of People’s Daily overseas edition. Wang urged the oversea’s China media partners to carry more news reports about China so that they could help promote understanding between China and the countries where the media are located. Wang commended the Chinese media, especially the overseas edition of People’s Daily, for gaining an increased power of discourse on the world stage through establishing working relationships with the overseas Chinese media in different countries. According to Wang, People’s Daily has reached complete coverage around the world and formed a unique advantage in broadcasting China’s voice overseas.

Source: People’s Daily, September 16, 2012
http://politics.people.com.cn/n/2012/0916/c1026-19018967.html

People’s Daily carried an article that the Japanese newspaper, Yomiuri Shimbun, had originally published, saying that the tension between China and Japan was affecting airline travel. The two major Japanese airlines, All Nippon Airways and Japan Airlines Corporation, reported that, by the close of the day on September 25, 2012, 55,500 ticket reservations for the period of September to November for flights between China and Japan had been cancelled. The head of All Nippon Airways told the reporter that the airline was using smaller airplanes to deal with the cancellations and had not reduced the total number of flights. He admitted that the cancellations would have a huge impact on the airline’s business but hoped that the volume would pick up once the Japanese companies reopened their businesses in China.

Source: People’s Daily, September 27, 2012
http://japan.people.com.cn/35463/7962771.html

On September 25, 2012, while the tension between China and Japan over the sovereignty dispute on the Diaoyu (Senkaku) Islands continues to escalate, Beijing’s State Council Information Office issued three White Books. They include: 

To date, China has launched 31 Confucius Institutes and five Confucius Classrooms in 26 African countries. Some have incorporated the Chinese language into a system in which students receive an academic degree or college credits.

In the past two years, China has provided 5,710 government scholarships to African countries. It plans to implement the “African Talent Project.” Over the next three years, China will train 30,000 professionals in different fields and provide 18,000 government scholarships, as well as offer job training and support.

In recent years, China has been advancing into Africa by means of the economy and culture and continues to increase its influence in the continent. Through 2011, China has been Africa’s largest trading partner for the third consecutive year. The trade volume between the two countries has reached a record $166.3 billion. As many as 2000 Chinese companies have made direct investments in Africa, totaling $14.7 billion.

Source: BBC Chinese, September 26, 2012
http://www.bbc.co.uk/zhongwen/simp/chinese_news/2012/09/120926_china_africa.shtml