Chinascope produces news briefing of Chinese media.
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Defense/Military
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Thursday, 20 November 2008 |
Arms production and sale have been solely controlled by army system in China. But the situation is about to change now. Over 100 private enterprises entered the production and sale of military arms, according to report by PLA Daily. Wang Baohe, from Shaanxi, is probably the first such private “arms dealer.” Wang developed light wheeled tank which became the main equipment for Chinese engineer battalion of the U.N. peace-keeping army. It also exported to eight countries through financial aid program.
Wang could start the business because the “Directives of PLA Arms Purchase” issued in October 2002 proposed to establish a coordinated army and civil arm production system.
Source: PLA Daily, November 20, 2008
http://www.chinamil.com.cn/site1/xwpdxw/2008-11/20/content_1555026.htm
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US–China Relations
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Thursday, 20 November 2008 |
An article from Guangmin Daily criticized US for applying double standards in handling the financial melt down in Wall Street versus the financial crisis took place in Asia in 1997 and praised China for being a responsible nation. “At that time, US actively promoted the neoliberal economic model to tighten fiscal policy with little government intervention” the article said, “but during the current financial crisis, US government took a complete different approach which has seriously damaged US image in the world and was criticized as being an irresponsible nation.”
The article then praised China as a “responsible nation that firmly followed the socialistic market path with Chinese characteristics”. It listed number of actions that China took to stabilize the domestic economy and said that it has demonstrated itself as a sensible and responsible nation. The article concluded that: “after going through the economic crisis twice, it has made us further believing in the superior quality of socialist market economic systems. Therefore we can’t blindly worship the capitalist market economy anymore.”
Source: Xinhua, November 19, 2008
http://news.xinhuanet.com/theory/2008-11/19/content_10378986.htm
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Government/Politics
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Wednesday, 19 November 2008 |
On November 17, Henan provincial government issues the Notice of Doing A Better Job Reporting Unanticipated Incidents. The Notice specified that when an unexpected event occurs in the future, local authorities ought to in the first time provide information in writing to the provincial Office of Emergency Management. If a written report is impossible due to special circumstances, do an oral report, followed up with a written report. If the first report is incomplete, a follow-up report is required.
The provincial Office of Emergency Management ought to timely report to relevant leadership officials in the provincial government. In case of urgent situations, the Office can simultaneously report to several relevant leaders; for major incidents, it must immediately report to key leaders.
It is reported that Henan Province will strictly implement the regulation by hold accountable personnel who cause damage or major consequences due to late report, underreport, or no report.
Source: Xinhua, November 19, 2008
http://news.xinhuanet.com/newscenter/2008-11/19/content_10378387.htm
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Economy/Resources
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Wednesday, 19 November 2008 |
As China’s central bank’s Nov. 18 monetary policy report reveals, the third quarter housing market continues to plunge. The year-over-year decline of housing sales in Beijing, Shanghai, Shenzhen, and Guangzhou are 55.8%, 41.1%, 46.2% and 25.9%, respectively. The nationwide commodity housing sales over the first three quarters this year is 0.4 billion sq meters, 14.9% lower than the same period last year. Total sales revenue is 1.6 trillion yuan (234 billion dollars), only 85% of the same period last year.
The report states the main reason for the drop of real estate transactions as the fast climbing the housing price in the period before. With the economic prospect turning volatile and tumbling stock market, buyers have changed their expectation of future income and trend of housing price. The real estate is a pillar industry of the economy as a major engine for steel, construction materials, and household appliance manufactures.
Source: Beijing Evening News, November 18, 2008
http://www.ben.com.cn/fzcq/fcqc/200811/t20081118_491621.htm
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