Chinascope – Page 1132

SARFT and China Eximbank Struck Deal on Financing Culture Exports

On August 26, China’s State Administration for Radio, Film, and Television (SARFT) and China Eximbank signed a Cooperation Agreement on Supporting and Fostering Key Export Oriented Radio, Film, and Television Enterprises and Projects. Under the agreement, over 5 years, China Eximbank is to provide 20 billion yuan or the equivalent in foreign currency financing support for radio, film, and television enterprises, in addition to multiple financial products and services.

Signers of the deal believe that the agreement, as part of fulfillment of the state’s strategy of Chinese culture “going global,” will help enlarge China’s share of film and TV products in the world market, boosting the nation’s cultural soft power.

In 2009, China sold more than 10,000 hours of TV programming to more than 100 countries, with a total export of US$80 million in film and other broadcasting products and services.

Source: Xinhua, August 26, 2010
http://news.xinhuanet.com/2010-08/26/c_12488797.htm

Briefings | | August 27, 2010 | Government/Politics

Party Political Bureau Passed ‘Opinions to Exercise Open Management of Party Affairs’

On August 20, the Party Political Bureau passed the “Opinions to exercise open management of party affairs at the party’s grass roots level," thus giving more flexibility and less restrictions.

The meeting emphasized inter-party democracy and called for exercising open management of party affairs, separation of party affairs from management administration and increasing party members’ rights to participate in party affairs.

Source: China Review News, August 20, 2010
http://gb.chinareviewnews.com/doc/1014/2/0/9/101420920.html?coluid=151&kindid=0&docid=101420920&mdate=0820143209

Briefings | | August 26, 2010 | Government/Politics

China Review: Key Focus of the US-China Relationship is Shifting

“The U.S. is shifting the focus of the U.S.-China relationship from the economy to politics, the military and security,” according to a commentary by the China Review, citing the recent U.S.-Korea military exercises, Hilary’s statement and the appearance of the U.S. fleet in the Yellow Sea.

The commentary suggested that the shift was caused by the U.S. inability to have China change its currency exchange rate while China remains as the largest debt holder of the U.S. The recent actions taken by the U.S. in Asia were to take over its lost influence from China, increase its strategic pressure on China and limit China’s overseas expansion.

Source: China Review, August 25,2010
http://gb.chinareviewnews.com/doc/1014/1/9/4/101419440.html?coluid=1&kindid=0&docid=101419440&mdate=0825001912

Briefings | | August 26, 2010 | US-China Relations

Thoughts on Justice, Authority, and the Quality of Life

[Editor’s Note: Zhou Yuhua is the president of the Shandong Province Supreme Court. In a recent essay, he stated that China’s courts “lack authority and public trust.” He emphasized the supreme authoritative status of the law, “No organizations or individuals, including the ruling Party and its leaders, can be above the law.”

He believes that bolstering the court system is a key to easing social tension and stabilizing society. He calls for the Communist Party to take over the courts directly, “(In each locality), one of the primary party leaders should also directly become the president of the court. (Doing that) can improve problem solving efficiency and reduce government costs.”

Although the Party has de facto control over the courts, China’s courts are mostly run by relatively junior level cadres whose authority is often challenged or ignored. The author’s proposal could enhance the court system, but it might not help the Party’s preferred image. He discusses another Catch-22 situation in China.

The following is translated from excerpts of the article.] [1]

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Reports | | August 25, 2010 | Report

Wen Jiabao: Advancing Political System Reform

Wen Jiabao stated “(We) should not only advance economic system reform, but also advance political system reform. Without the guarantee of political system reform, the results of the economic system will be lost, and (China’s) modernization goal won’t be reached.” Wen made this speech when he visited Shenzhen City on August 21, 2010. China News Service reported that Wen’s “political reform” statement has profound meanings behind it.

The Epoch Times pointed out that Wen’s speech exemplified that the discord between the CCP “Reformists” and the “Conservatives” has surfaced amidst an intensified power struggle for the upcoming 18th Party Congress. The “Conservatives,” the majority of whom are the CCP “Princelings,” want to have Xi Jinping as the new President and Bo Xilai as the new Prime Minister. The “Reformists” wish to drive the Princelings out of the power center and endorse Li Keqiang as the President and Wang Qishan as the Prime Minister. Wen’s speech is a strong statement by the “Reformists.” Wen also talked about political system reform during his interview with NHK in Tokyo on June 2.

Sources:
1. China News Service, August 23, 2010
http://www.chinanews.com.cn/hb/2010/08-23/2483336.shtml
2. The Epoch Times, August 23, 2010
http://www.epochtimes.com/gb/10/8/23/n3003233.htm

Briefings | | August 25, 2010 | Government/Politics

PLA Conducting Information-Based Training

The PLA’s seminar and viewing activity, coded as “Sharpened Sword 2010,” on military training under information-based conditions, started in Beijing on August 23. It lasted for five days. More than 100 mid-level or senior officials from the PLA and the Armed Police will discuss major military issues, including how to improve combat capability over information systems and advance the transition of military training towards information-based training.

Since 2007, the PLA’s military training has been transitioning towards information-based training. It now includes base training, simulation training, and Internet training and focuses on being under complicated electro-magnetic conditions.

Source: Xinhua, August 23, 2010
http://news.xinhuanet.com/2010-08/23/c_12476015.htm

Briefings | | August 25, 2010 | Defense/Military

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

Briefings | | August 25, 2010 | Economy/Resources

China’s Reaction to Trump’s Election Win

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

Wu Guoguang: Xi Jinping’s Reversal of the Course, Will China’s Transition be Peaceful or Marked with Bloodshed?

Cheng Xiaonong: U.S.-China Strategic Relations Have Crystallized