China’s Largest Law Firm Comes to Wall Street
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
Chinese Official: It Is Unreasonable for Developing Countries to Limit Greenhouse Gas Emissions
Xie Zhenhua, Deputy Director of the National Development and Reform Commission (NDRC), argued that it is unreasonable to expect developing countries, such as China, which has only a few thousand dollars per capita in GDP, to set a limit on greenhouse gas emissions. Xie admitted that, in China, the total amount of greenhouse gas emissions is still increasing.
Xie contended that “the reasonable growth of greenhouse gas emissions is inevitable” for a developing country. Xie criticized developed countries for not being more responsible. “The more and the earlier (the developed countries) provide capital and technology (to the developing countries), the sooner (the developing countries) will be able to comply with the greenhouse gas emissions cap.”
Source: Xinhua, October 6, 2010
http://news.xinhuanet.com/2010-10/06/c_12633398.htm
PLA Daily: The Need for Innovation in Doing Political Work for the PLA
PLA Daily published an article on the need to continue to innovate when involved in political work for the PLA. It asserted that the newly revised “Regulation on Political Work for the PLA” requires innovation when it comes to the subject matter at hand, and to the methods, and mechanisms of political work. A major part of learning is how to use the Internet and apply new technology to political work. The public media should also be used to extend the reach and influence of political work. The article also discussed traditional methods.
Source: PLA Daily, September 27, 2010
http://www.chinamil.com.cn/jfjbmap/content/2010-09/27/content_39267.htm
The CHINA MODEL, China’s Development and Global Expansion Strategy: A Review from Chinese Sources
Wen Jiabao: China-Europe Relationship Has Reached Unprecedented Breadth and Depth
October 3, 2010, Wen Jiabao spoke to the Greek Parliament during his visit to Greece. Wen stated that the China-Europe relationship has reached unprecedented breadth and depth. “China and Europe are in different stages of development and strongly complement each other economically. There is no fundamental conflict of interest. Both are pursuing multilateralism, and both stand for maintaining the diversity of world civilization. …”
Source: Xinhua, October 3, 2010
http://news.xinhuanet.com/2010-10/03/c_13541182.htm
China to Launch Satellite Shi Jian-6
An official from the Taiyuan Satellite Launch Center stated on October 5 that the center will launch two satellites to explore the environment in outer space as part of the Shi Jian-6 Group 4 mission. “Currently, rockets and satellites are in good condition, and all the preparatory work is progressing smoothly.”
Source: Xinhua, October 5, 2010
http://news.xinhuanet.com/2010-10/05/c_12631595.htm
Xinhua: PLA Regulations for the Discipline Inspection Commission Published
With the approval of Hu Jintao, the Chairman of the Central Military Commission, the People’s Liberation Army (PLA) recently published Regulations for the Discipline Inspection Commission. The new Regulations were established in the latest attempt by the Chinese Army to battle internal corruption. The Regulations outline a detailed reporting structure, basic principles, organizational settings, duties and responsibilities, processes, and working rules and requirements. This new document is considered the latest fruit of years of the army’s anti-corruption experiences. It also provides clearer working rules for the Discipline Inspection Commission. The Regulations even include details on how to handle the situation when Commission members themselves are in violation of the rules.
Source: Xinhua, September 25, 2010
http://news.xinhuanet.com/politics/2010-09/25/c_12604321.htm