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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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Cuba’s Ambassador to China: Socialism Marches On and is Unstoppable

[Editor’s note: China Academy of Social Sciences (CASS) Paper published an interview of the Cuba’s Ambassador to China, Carlos Miguel Pereira. He Qin from the CASS Marxism Research Institute conducted the interview on April 6, 2010. In it, the ambassador elaborated on his country’s “irreversible” socialist development, and the tiny communist nation’s economic reform, noting that despite a "flawless" military, "economic problems are fundamental problems for the survival of Cuban socialism. According to Ambassador Pereira, Fidel Castro praised the “China Model” as the real hope for developing countries. He also believes that “Cuba and China are fellow soldiers in the same trench.” The following is a translation of excerpts from the interview.] [1]

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Reports | | |   Report

CRN: Chinese Central Bank Authorizes RMB Settlement Bank for Taiwan

People’s Bank of China recently authorized the Bank of China HK as the RMB cash settlement bank for Taiwan. The authorized Taiwanese counterpart can settle RMB cash transactions in Hong Kong. Before this arrangement, RMB settlements were done by two Hong Kong commercial banks. Using Hong Kong as an intermediate platform instead of direct trade is based on the facts that: (1) Mainland China is still restraining capital accounts; (2) Hong Kong has a more complete structure of RMB based transaction management. RMB transactions inside Taiwan are still an item pending negotiation.

Source: China Review News, July 13, 2010
http://gb.chinareviewnews.com/doc/1013/8/0/6/101380695.html?coluid=3&kindid=12&docid=101380695&mdate=0713171355

Briefings | | |   Economy/Resources

Xinhua: Hainan is not the Largest Source of Internet Attacks

Xinhua recently published a report suggesting that China is becoming the victim of U.S. fictitious claims about evil sources of Internet attacks. The U.S. organization Medius Research published a report earlier on Chinese Internet spies and U.S. national security and pointed out that Hainan Province in China is the biggest source of attacks. The Xinhua report called this conclusion a lie and said it is very hard to trace true internet IP sources. Also, the Xinhua report quoted data from various sources such as some Symantec reports to prove that the U.S. is the largest source of all Internet attacks. It was concluded in the report that this is another example of thr U.S. taking advantage of its Internet monopoly position to interfere with other countries’ internal affairs.

Source: Xinhua, July 14, 2010
http://news.xinhuanet.com/world/2010-07/14/c_12332718.htm

Briefings | | |   Information/Technology

CRN: An Important Step for China’s Voice in the Financial World

China Review News (CRN) recently reviewed an article published by Economic Information Daily on the lessons learned about the international credit rating system. The article pointed out that, after the Greek Credit Crisis, China was truly worried about the destructive power that the international credit rating system, which is controlled by three major organizations has. The various parties throughout all levels of the Chinese government and media came to the conclusion that China should have its own credit rating capabilities. With this background, the Chinese rating company Dagong Global Credit Rating released ratings of 50 typical countries. The article suggested that the three major rating organizations are biased and discriminate against developing countries. An example is that the ratings for China and India are even lower than Spain. The article also suggested that the Chinese government should stand behind Dagong and push the Chinese rating business in the U.S. market.

Source: China Review News, July 15, 2010
http://gb.chinareviewnews.com/doc/1013/8/2/0/101382055.html?coluid=53&kindid=0&docid=101382055&mdate=0715030107

Briefings | | |   Economy/Resources

PEOPLE.COM.CN: Guangdong Province Hired 25,000 Informants to Collect Crisis information

On July 14, 2010, www.people.com.cn reported that “Guangdong Province’s Crisis Response Regulations” have been implemented since July 1.  Guangdong Province has hired 25,000 grass-roots informants including journalists, to collect information abouot urgent incidents. Once there is a sudden occurrence, lower level officials must report it to the next level government, and city level officials must report it to the provincial government within 2 hours. Sensitive information can be reported to the higher government directly. Those who fail to report an emergent incident will be penalized.

Guangdong Provincial Government, its relevant departments and all municipal governments above the district level have now set up spokesperson systems. “In case of an emergency, the news spokespersons must make an announcement within 4 hours,” said Li Shoujin, Deputy Minister of Guangdong Provincial Party Committee Propaganda Department and director of the Provincial News Office.

Source: www.people.com.cn, July 14, 2010
http://politics.people.com.cn/GB/14562/12148972.html

Briefings | | |   Social Stability

Xinhua: 120.2 Billion Yuan Direct Economic Losses from Flooding in China in 2010

According to Xinhua on July 15, 2010, a report on statistics released by China’s State Flood Control and Drought Relief Headquarters shows that 26 provinces suffered floods this year, with total of 97,500,000 people and 6,155 thousand hectares of crops affected. Up to now, the death toll is 594 people; 212 people are still missing, and 590,000 houses have collapsed. The direct economic losses are 120.2 billion Chinese Yuan by 9am on July 15.

Source: Xinhua, July 15, 2010
http://news.xinhuanet.com/politics/2010-07/15/c_111958044.htm

Briefings | | |   Economy/Resources

CHINANEWS.COM.CN: China Rejects US Report as Interference

On July 12, 2010, www.chinanews.com.cn reported that the U.S. State Department recently published its 2010 “Promoting Freedom and Democracy Report” accusing China of (its negative) democracy, and human rights situation. In response, China’s Foreign Ministry spokesman Qin Gang accused Washington of interfering in its internal affairs. Qin stated, “The Chinese Government protects the citizens’ basic rights and freedoms, and upholds people-oriented principles and governs for the people.”

Source: www.chinanews.com.cn, July 12, 2010
http://www.chinanews.com.cn/gn/2010/07-12/2397054.shtml

Briefings | | |   US-China Relations

Red Flag Manuscript: The Rationale for State Control of the National Economic Lifeline

[Editor’s Note: Ever since the onset of the global financial crisis began at the end of 2007, articles advocating Marxism and state control of the economy have mushroomed in China’s official media. The crisis offers the Chinese Communist Party’s theorists an opportunity to prove the “inevitable failure” of capitalism and to legitimize China’s socialist or Marxist control of the national economy. The following is a translation of excerpts from an article in Red Flag Manuscript, a core publication of the Central Committee of the CCP, “The International Financial Crisis Provides the Rationale for State Control of the National Economic Lifeline.”] [1]

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Reports | | |   Report