Geo-Strategic Trend - 218. page

On July 3, China’s General Administration of Press and Publication (GAPP) and the Export-Import Bank of China reached an agreement in Beijing on “cooperation to support and foster key enterprises and key projects of the press and publication industry’s going out strategy.” GAPP’s president Liu Binjie and China’s ExIm Bank’s president Li Ruogu signed the agreement. It allows the Export-Import Bank of China to provide no less than 20 billion yuan (US$3.14 billion) or its equivalent in foreign currency financing to support and promote the press and publishing enterprises’ overseas activities in the coming five years.

According to the People’s Daily report, the Export-Import Bank in recent years has “conscientiously implemented the Party’s Central Committee and State Council’s series of instructions on promoting the development of culture industries and making full use of a range of financial instruments to lead the financial industry in supporting the international development of culture industries.” As of the end of 2011, the Export-Import Bank of China had supported the international development of culture industries through different types of loan contracts amounting to nearly 26 billion yuan ($US4.10 billion).

Source: People’s Daily, July 4, 2012
http://politics.people.com.cn/n/2012/0704/c70731-18444926.html

On June 21, 2012, the Vietnamese National Assembly passed the "Law on the Sea of Vietnam." The law proclaimed Vietnam’s sovereignty over the Paracel and Spratly Islands. However, China claims the islands are the “indisputable” territory of China. Jia Xiudong, a research fellow at the China Institute of International Studies, wrote a commentary on Vietnam’s action, originally from People’s Daily’s overseas edition, which Xinhua published on June 23.  

In the commentary Jia called the "Law on the Sea of Vietnam" viciously provocative, saying it openly intensified the dispute between China and Vietnam over the South China Sea. The commentary claimed that the law is illegitimate because it seriously violates the basic principles of international law, including the "Declaration on the Code of Conduct on the South Sea," an agreement that both parties reached last October. The article called Vietnam’s government “too selfish” and “lacking sincerity.” In the end, Jia called for counter measures against Vietnam until it backs off on this issue.

Source: Xinhua, June 23, 2012
http://news.xinhuanet.com/world/2012-06/23/c_112273765.htm

The BBC reported that China has denied former Norwegian Prime Minister Bondevik’s visa to come to China for the conference of the “World Council of Churches.” The Norwegian Foreign Ministry lodged a diplomatic action with China but to no avail. “This is very unfortunate,” Bondevik said, “I really want to attend the meeting. I can only condemn China. It’s been almost two years since Liu Xioabo was awarded the Nobel Peace Prize, yet they still cannot get over it.” (Bondevik was to be the moderator for the World Councill of Churches meeting this week in Nanjing.)

Source: BBC, June 12, 2012
http://www.bbc.co.uk/zhongwen/simp/chinese_news/2012/06/120612_norway_china_visa.shtml

On June 7, 2012, President Hu Jintao announced in Beijing that China will offer a loan of $10 billion to members of the Shanghai Cooperation Organisation (SCO) to promote economic development within the security group. Hu also said that China will help train 1,500 experts from other member countries over the next three years. It will also provide 30,000 government scholarships and invite 10,000 Confucius Institute teachers and students to come to China for research and study over the next decade.

The Beijing-based SCO was founded in Shanghai on June 15, 2001, and currently has six full members — China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan. India, Pakistan, Iran and Mongolia have observer status in the SCO.

Source: Xinhua, June 7, 2012
http://news.xinhuanet.com/politics/2012-06/07/c_112143358.htm

The third China-European Union High-Level Political Party Forum was held in Brussels, Belgium for three days starting on May 29, 2012. Wang Jiarui, head of the International Liaison Department of the Chinese Communist Party Central Committee, led a group of Chinese delegates to participate in the forum. Politicians and experts from China and Europe gathered together to explore new paths to engage both sides in working together to deal with common challenges.

Wang spoke at the forum and expressed China’s wish to openly cooperate with European countries, expand cooperation in international trade and affairs, enhance exchanges in dealing with domestic affairs and challenges, and resolve the current crisis.

Close to 100 people attended the forum, including the delegates from China and the representatives from parties at the major and local levels in Europe.

Source: International Department of Chinese Communist Party Central Committee, May 30, 2012 http://www.idcpc.org.cn/ziliao/cn_eu_party3/dongtai/120530.htm