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China’s Reaction to Trump’s Election Win

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Xinhua Commentary Series: Spotlight on the U.S. Presidential Election

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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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Exim Bank: Support Chinese Enterprises to Land in Latin American

At the second Latin America-China Investors Forum (LA-CIF) held in Beijing on September 15 and 16, Vice Governor of China’s Export-Import Bank Zhu Xinqiang spoke about actively supporting Chinese enterprises to open up businesses in Latin America. The Exim Bank will “fully make use of its good relations with Latin American countries and bountiful information about local policies, laws, and business protocols to provide consulting services for the enterprises and help Chinese enterprises with project evaluation and risk assessment. At the same time, it will provide financial products and services to support China-Latin America business and trade cooperation.”

The Exim Bank, with total assets of over 1 trillion Yuan (0.15 trillion $US), is offering financial support for Chinese enterprises in more than 150 countries and regions; its Latin American outstanding loans are as high as 40 billion Yuan (US$6 billion).

Source: Xinhua, September 15, 2010
http://news.xinhuanet.com/2010-09/15/c_12573296.htm

Briefings | | |   Economy/Resources

Qiushi Criticizes Western Style Democracy

On September 16, Qiushi, the core publication of the Central Committee of the Chinese Communist Party, printed the following article: “Systematic advantages and basic characteristics of socialist democracy with Chinese characteristics – Draw a clear line between socialist democracy with Chinese characteristics and Western capitalist democracy.” The article touted “walking our own path” instead of “copying the Western capitalist democracy model,” “real people’s democracy” instead of “dollar democracy in essence,” “a unicameral People’s Congress” instead of “a bicameral system with separation of powers,” and “CCP-led multi-party cooperation” instead of “Multi-party rule in turn.”

The article emphasized the importance of ideological work, which is of “important and far-reaching significance for improving the party’s political sensitivity and discernment, leading cadres and the masses consciously to adhere to socialism with Chinese characteristics, clarifying wrong viewpoints on the political direction of the buildup of democracy, and resisting the hostile forces’ attempts at Westernization.”

Source: Qiushi, September 16, 2010
http://www.qstheory.cn/zxdk/2010/201018/201009/t20100911_46966.htm

Briefings | | |   Government/Politics

Beijing Fires Back at U.S. Pressure Over Currency

“The appreciation of the renminbi can’t solve the trade deficit with China,” said China’s Foreign Ministry spokeswoman on September 16, at a press briefing, referring to the current U.S. pressure over China’s currency. “Pressure cannot solve the issue. Rather, it may have the opposite effect.”

The push-back was related to U.S. Treasury Secretary Timothy Geithner’s criticism of Beijing’s currency controls. Chinese authorities warned Thursday that continued pressure might worsen the situation. At the same time, the official Xinhua news agency published a range of articles with quotes from Chinese and Western scholars to defend its currency practice.

Source: Xinhua, September 16, 2010
http://news.xinhuanet.com/2010-09/16/c_12577551.htm

Briefings | | |   US-China Relations

80 Major Leaders around the World Attended Professional Associations Conference

Xinhua reported from the State Council’s Oversea Chinese Affairs Office that the Fourth Assembly of the Chairmen of Overseas Professional Associations took place in Wuhan on September 14. More than 80 major leaders of overseas professional associations from 12 countries such as the U.S., Canada, the U.K., France, Australia, and Japan attended the assembly.

The State Council’s Oversea Chinese Affairs Office has organized such conferences since 2005. So far, more than 240 leaders from around 200 professional associations around the world have attended the conferences. They are from various areas of expertise, including biopharmaceuticals, information, environment and energy, medicine, transportation, finance and trade.

Source:
The United Front Work Department of CPC Central Committee, September, 15, 2010
http://www.zytzb.cn/09/newscenter/benwang/201009/t20100915_679681.html

Briefings | | |   Grapevine

Yi Xiaozhun: China Shouldn’t Be Asked to Shoulder Responsibility for Developed Countries

According to an article that Xinhua published, China’s Vice Minister of Finance Yi Xiaozhun said on September 14 that China is willing to provide certain aid to other developing countries under the framework of South-South cooperation, but it is different from the aid between North-South countries. It is not fair to ask China to assume the responsibility that developed countries should take. Yi released the information just before Premier Wen Jiabao was about to visit other countries.

Given this background, China will encourage enterprises to invest in and open markets in developing countries.

Source:
Xinhua, September, 14, 2010
http://news.xinhuanet.com/2010-09/14/c_13494963.htm

Briefings | | |   Economy/Resources

China to Send More Cadres in the Judicial System to Tibet

According to Xinhua news on September 15, the Ministry of Justice is to increase its assistance to Tibet’s administrative work, including cadres and talent, science and technology, as well as other areas in the judicial system. The proposal was made during the National Judicial Administrative System’s Conference to Aid Tibet.

Wu Aiying, the Minister of Justice, said that [China] should assist Tibetan judicial administrative departments to maintain social stability; and promote patriotic and ethnic unity education in the communities, countryside, schools and temples. Regarding financial aid, Wu called for increasing the funding of Tibet’s judicial work, particularly the funding of prisons, reeducation through labor (detoxification), the financial-planning apparatus, law education and legal assistance. Focal points of the conference were the problems of the shortage of judicial administrative cadres and talent, and the need to implement the training of directors of the judicial bureaus in all 73 Tibetan counties (and cities).

Source:
Xinhua, September, 15, 2010
http://news.xinhuanet.com/2010-09/15/c_13513569.htm

Briefings | | |   Government/Politics

Study Times Promoting Political System Reform

Study Times, a weekly newspaper published by the Party School of the CCP, published an article to promote political system reform. The article stated that Wen Jiabao’s speech in Shenzhen (http://chinascope.org/main/content/view/2849/81/) sent out a clear and strong message: “Only by insisting on reform and opening up can the nation have a bright future; (China) should advance not only economic system reform, but also political system reform; … (China) cannot go backward.” The article stated political system reform will be under the banner of socialism with Chinese characteristics.

[Ed: The CCP’s Propaganda Department silenced Wen’s speech on political reform. Hu Jintao’s speech at Shenzhen afterwards didn’t echo Wen’s points (http://chinascope.org/main/content/view/2887/40/). It can be observed that the CCP is split on the issue of political reform and some intense internal fighting may be surfacing.]

Source: Study Times, September 13, 2010
http://www.studytimes.com.cn:9999/epaper/xxsb/html/2010/09/13/01/01_36.htm

Briefings | | |   Government/Politics