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Wu Guoguang: Xi Jinping’s Reversal of the Course, Will China’s Transition be Peaceful or Marked with Bloodshed?

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Cheng Xiaonong: U.S.-China Strategic Relations Have Crystallized

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Xinhua Commentaries: “Exposing the Three Major Political Deficits of the U.S.”

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The CCP’s Performing Arts Troupes in the U.S.

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Xinhua: World’s Big Mining Countries Welcome China’s Investment and Cooperation

Xinhua reported on the 2010 China Mining Congress and Expo that was held in Tianjin from November 16-18. More than 4,000 government officials, experts, and top administrative leaders of financial institutions from over 50 countries gathered at the conference. Senior government officials from the world’s big mining countries in Canada, South Africa, and Australia spoke at the opening ceremony and said that (their countries) welcome China’s investment. At the same time, they expect that their mining industries will increase communication and exchanges with China.

Source: Xinhua, November 17, 2010
http://news.xinhuanet.com/2010-11/17/c_12786880.htm

Briefings | | |   Economy/Resources

Liu Zhenyi: China Should No Longer Increase its Holdings of the U.S. National Debt

In an article in China Securities Journal, Liu Zhenyi, President of China Investment Corp. International (Hong Kong Branch), said that China will have to continue purchasing goods in U.S. dollars, but China should no longer increase its holdings of the U.S. national debt. Liu also said that he believes the Chinese renminbi will be able to be exchanged freely within the next five years. Furthermore, since East Asian economies are becoming more confident in the renminbi, it is anticipated that the renminbi will gradually be used as the standard unit of trade among East Asian economies.

Source: China Securities Journal, November 18, 2010
http://finance.ccstock.cn/hongguanjingji/2010-11-18/A323308.html

Briefings | | |   US-China Relations

Government Think Tank: Reform Takes Courage and Guts

Zhang Xiaojing, Director of Macro Studies at the China Academy of Social Sciences, urged top leaders to take drastic measures to promote reform and to change the crisis into an important opportunity for reform. Next year is the beginning of the twelfth five year plan. Zhang believes that, if the theme of the Chinese economy is transformation, these five years will be critical for that transformation. Zhang wrote that while crises and opportunities will continue, the uppermost leaders should demonstrate their courage and guts to promote reform so that the transformation will make fundamental progress.

Source: Qiushi, November 16, 2010
http://www.qstheory.cn/zz/gcysk/201011/t20101116_56744.htm

Briefings | | |   Economy/Resources

Wang Zhaoguo: The Legal System Must Serve the Needs of Socialism

On November 11, 2010, at a national conference on local legislation, Wang Zhaoguo, Vice Secretary General of the National People’s Congress, spoke about the legal system in China. “What laws need to be promulgated, what laws are not needed, the specific content of the legal system–all of these must be based on the needs of socialism, the socialist system with Chinese characteristics, the reality of the current primary stage of socialism, and the fundamental will and long term interests of the people.”

Source: Qiushi, November 15, 2010
http://www.qstheory.cn/zywz/201011/t20101115_56548.htm

Briefings | | |   Government/Politics

Outlook: The U.S. Cannot Replace China’s Role in Asia

In an article originally published in Outlook, Liu Jianfei, a professor from the Party School of the Chinese Communist Party, commented that other countries, not even the United States, can replace China’s contribution to the economies of its neighbors. There have been some negative elements among China’s neighboring countries, such as a stronger stance against China in territorial disputes, military drills targeting China, and changes in Japan’s policies towards China. However, Liu stated that China’s neighbors have not fundamentally changed. For example, the negative elements are mostly in the east, while the north, west, and south remain stable. Further, the Sino-Russian relationship has improved. Although there may be some negative changes, they are mostly partial, and not comprehensive. “There are more opportunities than challenges,” concluded Liu.

Source: China News Service, reprint from Outlook, November 15, 2010
http://www.chinanews.com.cn/gn/2010/11-15/2656080.shtml

Briefings | | |   Geo-Strategic Trend

International Herald Leader: Beijing Conducting an Intensive Diplomatic Offensive

On November 12, 2010, the International Herald Leader reported that Beijing recently started a round of intensive diplomatic offensives in response to the U.S. employment of a surrounding and blocking strategy against China. Five out of the nine CCP Politburo Standing Committee Members, including Hu Jintao, Wen Jiabao, Jia Qinglin, Wu Bangguo, and Zhou Yongkang, have visited foreign countries in the past two months. Their foreign visits focused on Europe (the EU, France, Portugal, Greece, Belgium, Italy, Poland, and Turkey), Southeast Asia (Cambodia, Indonesia, and Thailand), and India. [Ed: On November 14, Xi Jinping also started a series of visits to Singapore, South Africa, Angola, and Botswana, but this was not mentioned in the article.]

The article stated that the U.S. has intensified its Asian diplomacy and has focused on the security issue. It labeled China a “threat creator” and has been marketing itself as “big brother” to those of China’s neighboring countries that fear China. China has countered with economic, trade, and cultural diplomacy, since “its economy and trade are China’s strength.” “Though China should not expect much strategic gain from Europe, diplomatic success in Europe can boost China’s confidence while it faces setbacks in Asia.”

Source: International Herald Leader, November 12, 2010
http://news.xinhuanet.com/herald/2010-11/12/c_13603314.htm

Briefings | | |   US-China Relations

China Plans to Build Manned Space Station by 2020

 A Mobilization Conference for the Manned Space Station and Docking Mission was held on November 15. The purpose of the meeting was to prepare for the kickoff of China’s manned space station project. The project will be implemented in two phases: the space experiment lab and the manned space station.                                                         

The outline of the schedule:
2011 – Conduct the first docking test (unmanned)
2012 – Complete the docking task (either unmanned or manned)
2016 – Develop and launch 2 space experiment labs
2020 – Develop and launch the core module and the experiment module, and assemble the 60-ton manned space station in orbit.

Source: People’s Daily Online, November 16, 2010
http://scitech.people.com.cn/GB/13229414.html

Briefings | | |   Defense/Military

Xinhua: Top Beijing Officials Concerned about Inflation

According to a Xinhua report, several top Chinese officials recently expressed concern about rapid price increases due to inflation in China. On November 11, Wen Jiabao, while visiting Guangzhou for the Opening Ceremony of the Asian Games, paid a visit to a local supermarket. Wen asked the sales-persons there about prices, supplies, and the sales of fruits and vegetables. Wen told them, “The State Council is working on policies to control rapid price increases.”

On November 16, at China’s Global Debt and Capital Market conference, Zhou Xiaochuan, President of the Bank of China, said, “China is facing the risk of an inflow of capital” and “the rising prices in China need attention from all areas.”

Sources: Xinhua, November 16, 2010
http://news.xinhuanet.com/2010-11/16/c_12782257.htm
http://news.xinhuanet.com/2010-11/16/c_12781043.htm

Briefings | | |   Economy/Resources