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China-Russia Joint Statement on Deepening Coordination

On September 27, 2010, China’s President Hu Jintao and Russia’s President Dmitry Medvedev signed a joint statement to "deepen their strategic coordination partnership.” Both sides agreed that mutual support on core interests of state sovereignty and territory claims is an important component of China-Russian strategic cooperation.

Russia reaffirmed its support for China’s positions on Taiwan, Tibet and East Turkistan, while China affirmed its support for Russia’s effort to stabilize the Caucasus and Commonwealth of Independent States. They also agreed to jointly work on anti-terrorism issues more frequently and hold regular working sessions. The joint statement was affirmed in a statement of the importance and efficiency of the Chinese-Russia energy negotiation mechanism. Both sides agreed “to hold the same position on maintaining the Shanghai Cooperation Organization region, as well as peace and stability in Central Asia.”

Source: Xinhua, September 28, 2010
http://news.xinhuanet.com/2010-09/28/c_13534081.htm

China to Loan $56 Million to Africa for Telecom Projects

The Export-Import Bank of China has signed a $56.4 million loan agreement with the African Export-Import Bank. The loan will be used to finance Zhong Xing Telecommunication Equipment Co., Ltd. (ZTE) so that it can export telecommunication equipment to Africa for projects in Zimbabwe and Burundi, said Xinhua, citing the African bank’s president, Jean-Louis Ekra.

According to officials from the Export-Import Bank of China, the African Export-Import Bank held its 85th Board meeting in Beijing, the first board meeting outside the African member countries. It was meant to promote across the board development of the China-Africa partnership.

ZTE was established in 1985 by a group of state-owned enterprises associated with China’s Ministry of Aerospace. It is publicly traded in Shenzhen and Hong Kong.

Source: Xinhua, September 28, 2010.
http://news.xinhuanet.com/2010-09/28/c_13534034.htm

Russian President Visited China; Signed Many Cooperation Agreements

Russian President Dmitry Medvedev visited China from September 26 to 28, including Dalian, Beijing, and Shanghai. On September 27, Hu Jintao met Medvedev in Beijing. After the meeting, they attended a ceremony celebrating the signing of more than 10 cooperation agreements, including a joint statement on comprehensively promoting the Russian-Chinese relationship of partnership and strategic cooperation, a joint statement on the occasion of the 65th anniversary since the end of the Second World War, and a memorandum of understanding and treaties on cooperation regarding resources. Medvedev stated, “The size of my delegation was unprecedented. It shows the high level of cooperation between the two countries…”

Source: China News Service, September 27, 2010
http://www.chinanews.com.cn/gn/2010/09-27/2558988.shtml

CCP Developing United Front Theory in Eight Areas

The CCP will create special project teams to develop the united front theory in 8 areas as follows: the fundamentals of united front work; multi-party cooperation; work with ethnic groups; religion; representatives of non-public businesses; the united front work for Hong Kong, Macao, and Taiwan; non-CCP intellectuals; and the Tibet issue. Each project team will be headed by a senior member from the CCP’s Central United Front Work Department.

Source: China News Service, September 28, 2010
http://www.chinanews.com.cn/gn/2010/09-28/2559286.shtml

Central Government Enterprises Enter the Tungsten and Rare Earth Market

Central Government-owned enterprises are taking over the local state-owned rare metal and rare earth companies and building large conglomerates to compete for global pricing power over these resources, Xinhua reported.

On September 26, 2010, the Aluminum Corporation of China (Chinalco) signed an agreement to assume a major stake in the Jiangxi Rare Earth and Rare Metals Tungsten Group (JXTC) for 10 billion Yuan ($1.5 Billion). Chinalco will spend that money over 3 years to make JXTC an enterprise with 50 billion Yuan in revenue each year. In May this year, China Minmentals Corporation signed a contract to invest 4.5-5.5 billion Yuan on tungsten and rare earth production in Chenzhou City, Hunan Province.  Its subsidiary, China Minmetals Rare Earth Co., Ltd., announced in February 2009 that it would invest 2 billion Yuan to build the world’s largest rare earth enterprise group, which would cover mining, processing, and application.

China has the world’s largest Tungsten reserve, production, and sales volume, but it does not control the global Tungsten price due to price competition among Chinese production companies and low value-added products.

Source: Xinhua, September 27, 2010
http://news.xinhuanet.com/2010-09/27/c_12612433.htm

Beijing Conducted Large Scale Armed Police Exercise

With the background of the bus hijacking incident in the Philippines not long ago, Beijing Police recently conducted an exercise involving both Special Police and Military Police. The scenario of the exercise was based on an anti-terrorist situation in which “terrorists” occupied a shopping center and took several hostages. Around 400 police officers participated in the exercise. A large amount of special and heavy equipment was deployed during the exercise, such as police helicopters and climbing assault vehicles. According to the Beijing Police spokesman, the purpose of the exercise was to demonstrate the capabilities of the police in handling an ever increasing crime rate and maintaining social stability.

Source: Xinhua, September 23, 2010
http://news.xinhuanet.com/2010-09/23/c_12598890.htm

Xinhua: Nine Chinese Arms Sales Companies Attended Show in South Africa

From September 21 to 25, a South African Defense Exhibit was held in Cape Town. The China State Administration of Science, Technology and Industry for National Defense organized the show, and nine Chinese arms sales companies attended. The main companies included the China Aviation Technology Import and Export Company, Ltd.; the China Precision Machinery Import and Export Corporation; the China North Industries Corporation; the Space Long March International Trade Company; etc. This was the largest gathering of Chinese arms sales companies ever. The Chinese Exhibition area occupied 735 square meters.

Source: Xinhua, September 21, 2010
http://news.xinhuanet.com/2010-09/22/c_13524715.htm