US-China Relations - 159. page

Chou Hao, a scholar from the PLA National Defense University, published an article in Huanqiu (a subsidiary of Xinhua), commenting on the U.S. strategy toward China in China’s neighboring countries. The article said that the U.S. recently increased its involvement in the affairs of China’s neighbors. Structurally, the strategic fence that the U.S. has set up to surround China is composed of three main parts: The strongest section is the massive military networks in the military bases of China’s neighbors; the key links are the military coalitions based on the traditional allies of Japan and South Korea; the perimeter is made up of the partner countries the U.S. is trying to win over, including India and Vietnam. Chou believes that such an encirclement strategy, though a “perfect” model to prevent and restrict China, has its inevitable weaknesses.

Source: Huanqiu (Global times), October 19, 2010
http://opinion.huanqiu.com/roll/2010-10/1180889.html

According to Xinhua on October 9, 2010, the U.S. manipulation of the exchange rate will lead to a global currency war and a new round of global inflation.

Chen Fengying, Director of the Institute of World Economic Studies at the Institute of Contemporary International Relations, said that the United States is the only country in the world that can truly manipulate the exchange rate. Chen said, “Recently, the U.S. has again been vigorously pressuring for the appreciation of the RMB, and the U.S. media even released news of a ‘currency war.’ This is how the exchange rate is covertly manipulated.”

Cao Honghui, Director of Financial Markets at the Institute of Finance of the Chinese Academy of Social Sciences, said, “The United States manipulates the U.S. dollar exchange rate and also manipulates the exchange rate of other countries.”

Source: Xinhua, October 9, 2010
http://news.xinhuanet.com/2010-10/09/c_13549175.htm

Zhenlong Wu, chairman of China Pacific Regional Cooperation Committee (CPRCC), published an article in Jiefang Daily, commenting on current China-U.S. relations. The article was republished in People’s Daily and on many other state media websites.

Wu said in his article that the regular status of China-U.S. relations is the coexistence of cooperation and conflict, while bonding to each other. Cooperation harbors conflict, and conflict contains compromise. In explaining the complicated China-U.S. relationship, he said that when a country is on the rise, it will inevitably be subjected to suppression by the originally more powerful country. The United States frequently sets up “traps” and “obstacles” for China to prevent China’s development. [Therefore] the conflicts and contradictions between China and the U.S. are structural. On the other hand, they are inseparable from both countries’ economic interdependence, which has increased during the current global financial crisis.

Source: People’s Daily, October 12, 2010
http://world.people.com.cn/GB/12928090.html

On October 11, 2010, Global Times, a subsidiary of Xinhua, posted a commentary on its website titled, “Can the United States Slow China’s Rise?” The author is a professor from the PLA University of National Defense. The article states, “What’s the key U.S. strategy toward China? It is to ‘guide’ China’s development and ‘control’ China’s direction.” The article contends that the U.S. can no longer contain China, but can only ‘guide’ it to slow its development.

The article stated that the major tactics the U.S. employs include: (1) Keep focusing on the “Taiwan issue.” (2) Instigate the countries that border China to constantly provoke incidents. (3) Conduct military exercises around China, especially in China’s offshore areas, to create an atmosphere of tension. (4) Strengthen military ties with China’s neighboring countries. (5) Join Russia to suppress China’s military development. (6) Disrupt China’s peripheral security under the banner of "anti-nuclear terrorism." At present, one of the prominent features of the Obama administration’s military strategy is to shift its focus from  combating conventional terrorism to  combating nuclear terrorism.

Source: Xinhua, October 11, 2010
http://news.xinhuanet.com/world/2010-10/11/c_12644603.htm

On October 6, 2010, China News Service (CNS) reported that, in the 8-year period from 2002 to 2009, more than 260,000 Chinese people over the age of 18 obtained U.S. citizenship. The report was based on statistics from the U.S. Department of Homeland Security. 

Since 2005, over 30,000 Chinese nationals have become U.S. citizens each year. In 2008, the figure surpassed 40,000; in 2009, it was over 37,000. The average waiting period for a Chinese to get citizenship, from the time the green card is issued, is 7 years.

Source:  China News Service (CNS), October 06, 2010
http://www.chinanews.com.cn/hr/2010/10-06/2569916.shtml

China Review News published an article quoting comments by Yu Wanli, an associate professor from the International Relations Institute of Beijing University, on the recent friction between China and the U.S. Yu said, “Starting this year, a trend toward intensified China-U.S. friction has become quite evident.

Yu suggested that, in the future, China-U.S. relations would enter a period of deep level adaptation for several reasons. First, as China’s rise becomes more apparent, the U.S. will need to prepare for the uncertainties resulting from China’s rise. Second, as the distance between China’s and U.S. strength narrows, a different level of communication and cooperation between the countries will be required. In the past, China implemented the diplomatic policy of “hiding one’s ability to buy time.” Chinese and U.S. cooperation has remained mostly at a superficial level, even when on the surface or just in formalities, especially on military issues. "As China becomes stronger, how China should cope with the U.S., or even the neighboring countries … will require us to have some deeper thought."

Source: China Review News. October 1, 2010 http://www.chinareviewnews.com/doc/1014/6/1/7/101461775.html?coluid=93&kindid=3910&docid=101461775

On October 5, China’s Dacheng Law Office opened a branch in New York, becoming the first Chinese law firm to set foot on Wall Street. According to Chinese News Service, Dacheng is China’s, as well as Asia’s, largest law firm. It employs 1,600 attorneys in China and has offices in Hong Kong, Taiwan, Singapore, and France.

Dacheng’s New York office will conduct business related to the U.S. in the areas of mergers and acquisitions, raising private equity, IPOs, stocks and bonds, and performing asset management. It will also be involved in lawsuits concerning intellectual property rights and international trade.

Source: China News Service, October 6, 2010
http://www.chinanews.com.cn/gn/2010/10-06/2570000.shtml

China Review News republished an article from Jiefang Daily, a newspaper of the Shanghai Committee of the Communist Party of China, titled, “Chinese Think Tank Warns: The US Will Surely Lose If a China-U.S. Trade War Breaks Out.”

“The Ways and Means Committee of the U.S. House of Representatives held a two-day hearing on September 15 to discuss the RMB exchange rate in an attempt to exert pressure for RMB appreciation.”

“Ding Yifan, Deputy Director of the Institute of World Development (IWD) under the Development Research Center of China’s State Council (DRC), said that once the United States deliberately imposes economic sanctions on China, China can respond by selling its holdings of U.S. debt. At present, China is still the biggest holder of U.S. Treasury bonds. If China sells off its holdings, the domestic interest rates of U.S. banks will increase."  

Source: China Review News, September 17, 2010
http://gb.chinareviewnews.com/doc/1014/4/8/6/101448618.html?coluid=148&kindid=0&docid=101448618&mdate=0917004914