Skip to content

Xinhua: Obama Changed His Position on RMB

Xinhua reported that the US Treasury Department published a report acknowledging that China did not manipulate its RMB currency. Obama took a strong position at the beginning of his presidency, claiming China did manipulate the RMB. The new report indicated that his administration is loosening its position. However, the United States is still maintaining a double-standard on currency policy. Compared to the RMB’s over 21% appreciation over the US Dollar in the past several years, the US Dollar’s rapid devaluation is more alarming, but the US government is keeping quiet about it. The newly published report still believes the RMB is undervalued, an indication that the United States is still playing the currency card to apply pressure on China.

Source: Xinhua, October 16, 2009.
http://news.xinhuanet.com/world/2009-10/16/content_12246002.htm

CIC $300 Million Russian Oil Investment

By the end of September, China Investment Corporation (CIC) completed phase one of its acquisition of a 45% share of Nobel Holdings Investments Ltd., a Russian oil and gas company. The second phase will include investment in assets around the oil field. The entire deal amounts to $300 million. This move is only one month after CIC spent $939 million to purchase 11% of Global Depositary Receipts (GDR) of a Kazakhstan oil company. Experts suggested that this current series of Chinese acquisitions is the result of the devaluation of US Dollar. CIC’s investing into natural resources is a new trend in its investment strategy.

Source: China Economy Net, October 16, 2009.
http://www.ce.cn/xwzx/gnsz/gdxw/200910/16/t20091016_20214735.shtml

Elaine Chao Became International Consultant of Wuhan Government

On October 16, former US Labor Secretary Elaine Chao accepted an invitation from the Wuhan government to be its International Consultant. Wuhan, Hubei is the largest city in central China. Elaine Chao became US Labor Secretary during the Bush Administration in 2001. She suggested in an interview that human talent is the most important element in a city’s scientific development, and employment is one of the most important issues in society. She attended the Ninth Conference of Overseas Chinese Development jointly hosted by the Overseas Chinese Affairs Office of the State Council, the government of Hubei Province and the government of Wuhan City.

Source: China Economy Net, October 16, 2009.
http://www.ce.cn/xwzx/gnsz/gdxw/200910/16/t20091016_20215202.shtml

China’s Anti-Corruption Scholars: One Party Rule Will not Necessarily Lead to Corruption

On October 13, Li Chenyan, Director of the Governance Research Center of Beijing University and Ren Jianming, Director of the Anti-Corruption and Governance Research Center of Tsinghua University hosted an online forum session on the topic of the party’s anti-corruption measures.

Both of them disagree with the opinions held by western scholars that one party rule is the cause of corruption in China. They referenced a number of countries in Asia which have serious corruption issues despite the democratic system and concluded that one party rule does not necessarily lead to corruption. Both of them, however, agree that the supervision and balancing of those in power is the key to controlling corruption. They think that as long as there is system for supervision and the development of democracy within the ruling party, the corruption issues can be solved.

Source: Huanqiu, October 13, 2009
http://china.huanqiu.com/roll/2009-10/601923.html

China’s Rebuttal on 2009 Annual Report on Human Rights and Rule of Law in China

Ma Chaoxue, the spokesperson from the Ministry of Foreign Affairs reminded the US Congressional-Executive Commission on China (CECC) to stop interfering with China’s internal affairs and cease engaging in actions that will damage US-China relations.

Ma’s remark was made on the CECC’s release of its "2009 Annual Report on Human Rights and Rule of Law in China." “The CECC repeatedly releases its annual report with distorted facts which interfere with China’s internal affairs. The annual report was full of ignorance and one-sided opinions.” Ma claimed.

Source: Xinhua, October 16, 2009
http://news.xinhuanet.com/world/2009-10/16/content_12247243.htm

Former Deputy Editor of Party Paper: Top Leaders Must Cut Ties with Special Interest Groups

Though the communist party has strong control over the ideology ground and media, occasionally there are still voices from the mid- or lower-level party officials against the party’s corruption and authoritarianism. Zhou Jinrui, former deputy editor of People’s Daily recently published an article on China Elections and Governance titled “Be Courageous in Solving the Issues Resulting from Growth – on the 60th National Day Celebration.” The article summarized the lessons learned from China’s Reform and Opening up policy. It alerts that the top level party leaders must cut their close ties with those “special interest groups” in order to promote democracy, prevent power loss at the local levels, and maintain long term stability.

Source:
China Elections and Governance, October 12, 2009
http://www.chinaelections.org/newsinfo.asp?Newsid=158450
Zaobao, October 15, 2009
http://www.zaobao.com/special/china/cnpol/pages2/cnpol091015.shtml

Eight-Episode TV Documentary Series: Preparing For Danger In Times of Safety, Introduction

{Editor’s Note: In June 2006, Beijing released an eight-episode TV documentary series: Preparing For Danger In Times Of Safety – Historic Lessons Learned from the Demise of Soviet Communism. It was a research project conducted by the government think tank, the Chinese Academy of Social Science. Afterwards, the Chinese Communist Party instructed party members across the nation to watch the series and launch serious discussions. The script of the prelude of the documentary quotes Hu Jintao’s words, “There are multiple factors that contributed to the disintegration of the Soviet Union, a very important one being Khrushchev throwing away Stalin’s knife and Gorbachev’s open betrayal of Marxism-Leninism.” The full text of the narratives has been translated. What follows is the introduction.}

Continue reading

Slogans for the 60th Anniversary of the Establishment of the Chinese Communist Government

1. Enthusiastically celebrate the 60th anniversary for the establishment of the People’s Republic of China!
2. Enthusiastically cheer for the great victory of our country’s reform and opening-up policy and socialist modernization!
3. Tightly unite around the Central Party Committee with general party secretary Comrade Hu Jintao as the center. Millions of people forge ahead with only one mind to compose the new chapter of the great rejuvenation of the Chinese nation!   
4. Lift up high the great banner of socialism with Chinese characteristics; strive for a new victory for comprehensively building an affluent society!
5. Insist on direction and guidance from the Marxism, Leninism, Mao Zedong Thought, Deng Xiaoping Theory and the "The Three Represents" to thoroughly implement and realize the Concept of Scientific Development!
6. Lift up high and be firm on the great banner of socialism with Chinese characteristics; insist and be firm on walking the path of socialism with Chinese characteristics; insist and be firm on holding the theory of socialism with Chinese characteristics! 
7. Forge forward courageously and steadfastly along the path of socialism with Chinese characteristics!
8. Develop a prosperous, powerful, democratic, civilized and harmonious modern socialist country!
9. Continue to emancipate the mind, insist on the reform and opening-up policy, advance scientific development, and promote harmony in society!
10. Emancipate the mind, be honest and realistic, keep pace with the time, and advance the reform and opening-up policy steadfastly!
11. Grasp the strategic opportunity, intensely focus on development, and seek and pursue development wholeheartedly!
12. Insist on humanism and realize, maintain, and develop the fundamental interests of the largest number of the general public as much as possible!
13. Comprehensively advance the socialist economy’s development, political development, cultural development, social development, the ecology and civilization’s development, and the Communist party’s development!
14. Insist on the basic economic system with the public ownership system as the major foundation with the co-existence and development of diverse systems of ownership; insist on the distribution system with distribution according to work as the major foundation and the co-existence of diverse ways of distribution!
15. Realize the fast and superb development of the nation’s economy!
16. Improve the capacity for independent innovation; develop and build an innovative country!
17. Construct a new socialist countryside; form a new pattern for integrated economic and social development across the city and countryside!
18. Walk on the path of civilized development for the development of production, an affluent life, and good ecology; develop an environmentally friendly society with resource conservation!
19. Insist on the basic policy of opening-up; improve the level of the open economy!
20. Insist on the leadership of the Communist Party. The people are master of their own affairs; manage and unit state affairs according to law!
21. Insist on the essential direction and strategy of managing state affairs according to the law; develop a socialist country under the rule of law!
22. Insist on and consummate the National People’s Congress system; guarantee the people are the masters of their own affairs!
23. Insist on and consummate the political consultation system with multi-party cooperation under the leadership of the Communist Party; develop and strengthen the united patriotic front!
24. Insist on and perfect the regional nationality autonomy system; consolidate and develop equal, unified, cooperative and harmonious socialist ethnic relationships!
25. Insist on and consummate the grass-roots autonomous system by the people; strengthen the development of the basic unit of political power!
26. Insist on the direction of the advanced socialist culture; promote the great development and great prosperity of the socialist culture!
27. Build the core socialist core value system; consolidate the common ideological foundation for the Communist Party and the people from all ethnic groups to forge ahead in unity!
28. Vigorously promote the national spirit with patriotism as the core and the spirit of the age with reform and innovation as the core!
29. Develop a socialist harmonious society; promote social justice!
30.  Maintain the general situation of the stable development of reform; realize the long-term order and stability of the country!
31. Strengthen the modernization of the national defense system and the army; realize the unification of an affluent country and strong armed forces in the process of comprehensively developing an affluent society!
32. Promote our army’s excellent tradition of following the direction of the Party, serving the people and brave spirit in battles; cultivate the core value of the modern revolutionary soldiers!
33. Comprehensively promote the great new project of party development with the spirit of reform and innovation!
34. Thoroughly study and implement the concept of scientific development; strengthen the administrative capability of the ruling Party and the advancement of the Party!
35. Firmly implement the policy of “One country, two systems” and maintain the long-term prosperity and stability of Hong Kong and Macao!
36. Insist on the principle of “One China” and promote the great undertaking of the peaceful unification of the country!
37. Insist on an independent and peaceful foreign policy; steadfastly walk on the path of peaceful development!
38. Lift up high the banner of peaceful development and cooperation; promote the development of a harmonious world with long-term stability, peace and common prosperity!
39. Unite to forge ahead; invigorate the nation of China!
40. Love the motherland deeply and develop the motherland!
41. Salute the revolutionary older generations and the martyrs who have established meritorious service for the independence, unification, democracy and prosperity of the country!
42. Salute the general workers, farmers, intellectuals, and cadres across the country!
43. Salute the various democratic parties, various mass organizations, and the patriots from all walks of life!
44. Salute the People’s Liberation Army officers, the armed police officers, soldiers and public security police!
45. Salute the Hong Kong Special Administrative Region compatriots, the Macao Special Administrative Region compatriots, the Taiwan compatriots and the overseas compatriots!
46. Salute all of the friends in foreign countries and the people of other countries in the world who care about and support the development of modernization in China!
47. Long live the great Chinese people!
48. Long live the great Chinese Communist Party!
49. Long live the great People’s Republic of China!
50. Long live the solidarity of various ethnic groups across the nation!

Endnotes:
[1] People’s Daily, September 12, 2009
http://politics.people.com.cn/GB/1026/10040024.html