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China Central Bank to Continues a Managed Floating Exchange Rate Regime

China needs to follow a managed float of its exchange rate to aid restructuring, said Hu Xiaolian, deputy governor of the People’s Bank of China, in an article published on the website of the Central Bank. “A managed floating exchange rate system, which is based on market supply and demand, with reference to a basket of currencies, is a correct decision in accordance with China’s own situation and development strategy. It is also an important part of the socialist market economic system. It is China’s established policy.” 

Source: Xinhua, July 15 
http://news.xinhuanet.com/2010-07/15/c_111959207.htm

Hu Jintao Vows to Modernize Education by 2020

The Central Committee of the Chinese Communist Party and the State Council jointly held a National Education Working Conference on July 13 and 14. Hu Jintao, the nation’s paramount leader, vowed to implement education modernization and a China with super powers in human resources by 2020. 

“Education must adhere to the party’s leadership,” said Hu. “The fundamental purpose of education is to develop morally, intellectually, physically, and aesthetically-developed Socialist builders and successors. We must fully implement the party’s education policy and make the facilitation of healthy growth of students the starting point and ending point in all school work.” 
Source: China News Service, July 14, 2010 
http://www.chinanews.com.cn/gn/2010/07-14/2402687.shtml

Foreign Ministry Resolutely Opposes Foreign Military Vessels & Aircraft Affecting China’s Security

China’s Foreign Ministry spokesman Qin Gang reiterated on the 15th that China firmly opposes any foreign military vessels and aircraft engaging in activities affecting its security interests in the Yellow Sea and other Chinese coastal waters. In response to a reporter’s hypothetic question, "If the US-ROK hold military exercises in July, will China and the DPRK plan to hold military exercises in the western waters of the Korean Peninsula?" Qin said it was a typical Cold War mentality to divide the Northeast Asia and Asia-Pacific regions into different military alliances, and to view the region’s security issues with a Cold War style confrontation perspective. “Times have changed now. No single country or single military alliance can resolve the issue of regional security and stability.” 

Source: Xinhua, July 15, 2010 
http://news.xinhuanet.com/mil/2010-07/15/content_13865520.htm

Public Security Chiefs Departing to the US for Training

On July 8, Cai Anji, political commissar at the Ministry of Public Security met with a group of 25 local public security chiefs before their departiure for the United States. They were slated for 21 days of training. Cai claimed that training overseas was for the purpose of implementing the Party’s directive on strengthening training of local public security leaders. He asked the group to “change the training into a process that strengthens political ideals and beliefs, and will instill in them the wish to think outside the box, find solutions, and develop breakthroughs that will result in new developmental stages for public security.”

Source: Ministry of Public Security, July 9, 2010
http://www.mps.gov.cn/n16/n1237/n1342/n803680/2461560.html

New Regulations: Officials Must Report Personal Matters

On July 11, Xinhua published new government regulations. Going forward,  government and state company officials are required to report about their personal matters. Under the new rules, officials from the midlevel and up, including Party and nonparty members, and those working for state-owned companies must report personal information including changes in marital status, personal assets including property and investments, and business activities by spouses and children. They must also report the whereabouts of spouses and children living abroad and whether children are married to foreigners, including people from Hong Kong or Taiwan. Punishment for failing to report ranges from criticism in private and public reprimand to dismissal.

Source: Xinhua, July 11, 2010
http://news.xinhuanet.com/politics/2010-07/11/c_12321707.htm

China’s Beidou Competing with US GPS

Xinhua reported that competition for world market of the global position system will ultimately be between the U.S. GPS and China’s Beidou satellite navigation system. “While the U.S. Global Positioning System remains the most mature and the most profitable GPS, according to authoritative estimates, by 2020 China will have taken at least one third of the global market.” “Experts said it is inevitable that the competition for dominance in the global positioning system market will be fought between the U.S. and China.”
 
Xinhua suggests that “The future of Europe’s Galileo and Russia’s GLONASS is difficult to predict due to funding and political reasons.”

Source: Xinhua, July 14, 2010
http://news.xinhuanet.com/mil/2010-07/14/content_13859824.htm

Democracy in China Different from the West

[Editor’s note: With the success of China’s capitalist economic development and open policy, Chinese people have begun to see the merit of Western style democracy. Calling for a democratic political reform is heard from grass roots rights activists to high ranking leaders such as Premier Wen Jiaobao. The CCP (Chinese Communist Party), realizing that directly criticizing democracy is unwise, has resorted to using a creative interpretation to neutralize this potent concept.

The following report was translated from excerpts of a recent Qiushi (Seeking the Truth) article, which was written by a research fellow in the Central Party School of the CCP. The author reiterated the Party’s resolve to stay in power over the long haul, and explained why Western style democracy is wrong for China. Titles and Subtitles were added by the Editor.] [1]

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Xinhua: US-Japan Alliance Should not Aim at Third Countries

Chinese Foreign Ministry spokesman Qin Gang recently commented that, as a bilateral arrangement, the US-Japan Alliance should not have activities exceeding the scope of the two countries, and especially should not aim at third countries. The Japanese Prime Minister suggested on June 22 that the U.S. military presence in Japan has a significant deterrence function. He also expressed his serious concern about China’s growing military capabilities. When spokesman Qin Gang was asked for his opinion on the Prime Minister’s comments, he declared China’s refusal to accept any “deterrence” from any country.

Source: Xinhua, June 24, 2010
http://news.xinhuanet.com/world/2010-06/24/c_12259411.htm