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
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-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
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
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
On September 23, the Taiwan banking supervisory authorities approved the establishment of the Bank of China’s Taiwan Regional Office. The spokesman for the Bank of China confirmed the news and suggested that the bank will immediately start the registration process to set up its first branch. The Bank of China currently has a brokerage relationship with 19 Taiwanese banks.
The China Banking Regulatory Commission already issued approval for four Taiwanese banks to open branches in mainland China. Along with the Bank of China, Taiwanese authorities also approved the Bank of Communications, headquartered in Shanghai. Regional offices can only perform non-commercial functions.
Source: Xinhua, September 23, 2010
http://news.xinhuanet.com/2010-09/23/c_12599085.htm
http://news.xinhuanet.com/tw/2010-09/23/c_12599010.htm
According to Xinhua, China’s naval training ship “Zhenghe” and the frigate "Mianyang" conducted joint naval maneuvers with the Australian Navy missile frigate “Sydney” on September 24.
The China naval fleet visited Australia earlier. During the visit, China and Australia achieved a consensus on multiple issues in terms of building a “harmonious sea” and maintaining regional stability and peace. The joint naval maneuvers on the sea are a concrete manifestation of that consensus.
Source: Xinhua, September 24, 2010
http://news.xinhuanet.com/2010-09/24/c_13527900.htm