Skip to content

China Review News on Circulating the Renminbi Overseas

The People’s Bank of China recently published a “Notice on Issues of Three Types of Organizations, Including Offshore Renminbi’s Clearing Houses, Investing the Renminbi in Banks’ Bond Markets.” China Review News quoted an article by the Shanghai Securities News, commenting that it will improve the Renminbi’s circulation overseas to create the condition for it to “come back” after “pushing it out,” moving forward the goal of making the Renminbi a major foreign exchange currency.

The article stated that there are 3 ways to push the Renminbi to “go abroad.” They are: currency exchange between China and other countries, using the Renminbi for cross-border trade settlement, and Hong Kong’s Renminbi’s offshore market. The article then argued for establishing a Renminbi onshore market in Shanghai to provide a better condition for the Renminbi to circulate back.

Source: China Review News, August 24, 2010
http://gb.chinareviewnews.com/doc/1014/2/4/1/101424105.html?coluid=53&kindid=0&docid=101424105&mdate=0824074956

CRN: Aircraft Carrier George Washington Drops out of Exercise

China Review News (CRN) reported that the reason behind the heavy weight U.S. aircraft carrier dropping out of the Yellow Sea exercise was the result of risk assessment. The report believed that the U.S. did not want to “anger” China. It is also believed that China’s biggest advantage is its strong economy. Some Chinese military experts suggested that the aircraft carriers are the “last card” the U.S. can play, and the “U.S. cannot play the same card every day.” Another reason the report discussed was that Asia-Pacific countries welcome the United States less and less, because the U.S. economy is no longer the main engine that runs the economy of these countries.

Source: China Review News, August 21, 2010
http://gb.chinareviewnews.com/doc/1014/2/1/5/101421571.html?coluid=45&kindid=0&docid=101421571&mdate=0821085716

CRN: Ministry of Public Safety Held Tibetan Conference

The Chinese Ministry of Public Safety recently held a conference in the Tibetan capital city of Lhasa. The conference covered the Grand Tibetan Region which goes across four other provinces (Sichuan, Qinghai, Gansu and Yunnan). The conference believed that, although the overall situation is relatively quiet, the task of maintaining social stability in Tibet is still a huge challenge. The key strategy guiding the near term work is to proactively engage. Actual planned steps include: (1) enhance the “prevention and control system”; (2) enhance border checks; (3) improve emergency handling capabilities; (4) significantly improve education and “mental development”; (5) increase investment in equipment and technology. The conference called for stronger support from other provinces.

Source: China Review News, August 20, 2010
http://gb.chinareviewnews.com/doc/1014/2/0/2/101420233.html?coluid=151&kindid=0&docid=101420233&mdate=0820090253

CRN: Traditional Etiquette Fading

China Review News (CRN) recently reported on a social research study of young people’s views regarding traditional Chinese etiquette. The research showed that 85.9% of the young population believes traditional etiquette is “important,” but only 55.1% believes they have some understanding of etiquette. Three classes of people are believed to be the worst in following traditional etiquette: “young people,” “eastern people,” and “city residents.” The top two reasons for the decline of etiquette are that the “size of a modern family is too small,” and “lack of the opportunity to learn.” The report mentioned that experts believe the fading of traditional Chinese etiquette is caused by the emphasis, over the past centruy, on delinking society and tradition.

Source: China Review News, August 19, 2010
http://gb.chinareviewnews.com/doc/1014/1/9/4/101419430.html?coluid=6&kindid=29&docid=101419430&mdate=0819104648

PLA Lt General Liu Yazhou Calls for Political Reform

On August 7, 2010, China Review News republished a news report from Hong Kong’s Singtao Daily regarding PLA Lt. General Liu Yazhou’s calls for political reform in his article published by Phoenix magazine in Hong Kong.
 
“Within 10 years, a transformation from authoritarian politics to democracy will inevitably take place,” Liu Yazhou said, “A great change will happen in China. Political reform is the mission that the history has entrusted to us. It is impossible for us to retreat.”

Lt General Liu Yazhou is political commissar of the PLA National Defense University and son-in-law of China’s former President Li Xiannian.

Source: China Review News, August 7, 2010
http://gb.chinareviewnews.com/doc/1014/0/6/9/101406982.html?coluid=5&kindid=23&docid=101406982&mdate=0807154447

Jia Qinglin: Apply Patriotic Ideas to Preaching and Learning Islamic Doctrines

Jia Qinglin, a member of the CPC Politburo Standing Committee and the Chairman of the CPPCC National Committee, held a forum with religious representatives in Hetian, Xinjiang on August 21, 2010, according to Xinhua.

Jia hopes Xinjiang Muslim representatives will:

  1. Actively promote scientific development;
  2. Further enhance the agreement with the great Motherland, the Chinese ethnic groups, the Chinese cultures and the socialist road with Chinese characteristics;
  3. Do a solid job of interpreting the Koran and standardize the preaching content and formalities. Apply  patriotic ideas to preaching and learning Islamic doctrines;
  4. Ensure that the leadership of religious organizations is firmly in the hands of those who love China.

Source: Xinhua, August 21, 2010
http://news.xinhuanet.com/politics/2010-08/21/c_12469913.htm

China Review News: The U.S. Uses Vietnam to Restrain China

On August 21, 2010, China Review News published an article commenting on the one-week joint military exercises of the United States and Vietnam in the South China Sea that started on August 11.

According to the article, “the United States uses Vietnam to restrain China. Vietnam, on the other hand, relies on the U.S. to enhance its own position. Vietnam will regret this one day.” “China and the U.S. are highly dependent on each other economically. Even if the two countries have some strategic conflicts, the overall bilateral relations will not be affected. Vietnam is only a strategic chess piece the U.S. is using to return to Asia. Up to now, Vietnam still has not understood the whole situation. It will probably pay the price for its decision.”

Source: China Review News, August 21, 2010
http://gb.chinareviewnews.com/doc/1014/1/5/5/101415524.html?coluid=148&kindid=0&docid=101415524&mdate=0821001000

Without Radical Change, China’s Current Development Has No Future

[Editor’s Note: In his analysis packed with numbers, Professor Zhou Tianyong of the Central Party School presented a disturbing forecast on China’s future. China’s growing and ageing population, overburdened land, scarce water resources, worsening pollution, and intense hunger for steel and oil are not exactly what the Chinese leaders want to hear. “Sustaining (China’s) current 2H1R (High energy consumption, High pollution, Resource depletion) development model,” writes Zhou, is “absolutely out of the question.”
The following report is translated from excerpts of his article.] [1]

Continue reading