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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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Jia Qinglin Asks Overseas Young Chinese to Oppose Taiwan Independence

On July 19, Jia Qinglin, a member of the Politburo standing committee met with the 10th Delegation of Outstanding Overseas Young Chinese, an annual program of Beijing, to engage with talented Chinese emigrants.
In his speech, Jia told the delegation to “actively contribute wisdom and strength for the renaissance of the nation of China wherever you may live.” Jia also said that “(You should) strengthen the close connection with local people, especially the young population, actively carry out various forms of anti-Taiwan independence activities to promote the peaceful development of cross-strait relations, and promote the peaceful reunification of China.”
Source: website of United Front Work Department of Chinese Communist Party
http://www.zytzb.cn/09/newscenter/benwang/201007/t20100720_671293.html
Briefings | | |   Geo-Strategic Trend

Party Dominance in the Financial Business

At the first Party building forum for financial businesses in Beijng on July 7, Party officials made statements to urge promotion of Party building. “Strengthening Party building and Party organizations that play a political core role in the financial business is an important manifestation of the financial business with Chinese characteristics.” Financial businesses are called to “actively explore how to integrate the Party’s leadership with corporate governance and to adhere to the principle that the Party controls the cadres. …” The China Marxism Research Foundation and Financial Daily sponsored the forum at the Party School in Beijing.

Source: Study Times, July 12, 2010
http://www.studytimes.com.cn:9999/epaper/xxsb/html/2010/07/12/01/01_44.htm

Briefings | | |   Government/Politics

State to Restructure Publishing Houses for Overseas Expansion

The General Administration of Press and Publication will consolidate and re-structure publishing houses to establish brand name flagships for overseas expansion. The government will provide preferential treatment to the selected publishing houses with important projects, resources and initial public offering preferences. The restructuring will  start first in publishing houses in the areas of social sciences, education and technology. Cross-industry mergers and acquisitions are also encouraged. Through mid to long-term plans, the government will build export oriented priority publishing houses and promote “going out” via mergers and acquisitions and joint ventures with foreign entities.

Source: Xinhua, July 19, 2010
http://news.xinhuanet.com/2010-07/19/c_12349937.htm

Briefings | | |   Government/Politics

PLA General: US Navy Ships Have Surrounded China

PLA Major General Luo Yuan states that three U.S. ships have formed a full moon blockade against China, the USS Michigan in South Korea, the USS Ohio in India and the USS Florida in the Philippines. He further stated that the US-Korean military exercises have created a new crisis and obstacles and China should counter tit-for-tat for the hostility against China. “The assertion of sovereignty over the South China Seas must be supported by a military presence. Some countries have repeatedly violated the South China Sea code of conduct. They have a one-sided understanding of our proposal to ‘table the dispute and jointly develop the area.’ They thought we had tabled sovereignty, rather than the dispute. Joint development has now become an anti-China one way development.”

Source: People’s Daily, July 19, 2010.
http://gs.people.com.cn/GB/188868/12183498.html

Briefings | | |   US-China Relations

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