Skip to content

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

Read More ...

Xinhua Commentaries: “Exposing the Three Major Political Deficits of the U.S.”

Read More ...

The CCP’s Performing Arts Troupes in the U.S.

Read More ...

CCP, Master of Hostage Diplomacy

Read More ...

Hu and Obama Had Telephone Conversation

Hu and Obama had a telephone conversation in the evening of November 8. Hu congratulated Obama for winning the presidential election. He praised Obama’s China policy where the importance of US-China relationship was emphasized, so was the cooperation between the two countries to work together through the global challenges and sharing the opportunity to grow.

“In the new era, China is willing to maintain the dialog with US at all levels, continue to develop strategic talks and increase cooperation in various areas.” Hu said. “We would also hope to further develop talks in handling the important international affairs, respect and care for each other and properly handle sensitive issues, such as the issue of Taiwan, so as to elevate our constructive cooperation to another level.”

Source: Xinhua, November 9, 2008
http://news.xinhuanet.com/newscenter/2008-11/09/content_10328354.htm

Briefings | | |   US-China Relations

State Council Introduced Measures to Expand Domestic Consumption

On November 5, Premier Wen Jiabao chaired a State Council meeting and discussed the measures to expand the domestic consumption to ensure smooth economy growth.

It was agreed that it is necessary to adopt a macro economic policy in light of the world economic crisis which will contain the execution of proactive fiscal policies and loose monetary policy; speed up the projects to improve people’s living standard as well as infrastructure, bio-environment and natural disaster recovery. The measure will also include the effort to improve the living standard of the low income group.

Source: Xinhua, November 11, 2008
http://news.xinhuanet.com/newscenter/2008-11/09/content_10331258_1.htm

Briefings | | |   Economy/Resources

Millions of Migrant Workers Return Home

In little over two weeks from October 11 to October 27, 1.2 million people boarded the train from Guangzhou Train Station. The number is 130,000 higher than the same period last year. Most of them are migrant workers who were affected by factory shutdown and chose to return back to their hometown. Experts predicted that the trend of factory closing is currently moving from the south towards the east part of China.

Source: Mingpo, November 9, 2008
http://www.mingpaonews.com/20081109/gba1.htm

Briefings | | |   Economy/Resources

Agriculture Official on Privatization of Land

Privatization of land will not solve China’s problems, said Huang, an Agriculture official, at a press event on November 4, 2008.  Huang stated that China agriculture sector cannot compete with that of the United States because of low land per capita (1.38 mu per person) and its small scale of economy.  The right way, according to Huang, is to increase the efficiency of land use and the scale of economy through transfer of  land use right. 
  
Source: Xinhua, November 7, 2008
http://news.xinhuanet.com/fortune/2008-11/07/content_10319517.htm

Briefings | | |   Economy/Resources

China Exports Slows Down

Chinese Customs authorities released export statistics for the first three quarters of 2008 showing an 11.8% net growth of export, totaling $1,074 billion.  It is a reduction of 8.1 percentage point comparing to the same period last year. The reduction was mostly caused by the decrease in the traditional and bulk products. A China Customs official warned that China cannot ignore the impact on its import and export trade of the U.S. financial crisis.

Source: Xinhua, November 6, 2008
http://news.xinhuanet.com/newscenter/2008-11/06/content_10317019.htm

Briefings | | |   Economy/Resources

China to Produce and Distribute U.S. Aircraft Liberty XL2

Xinhua reported on November 6, 2008 that Henan Anyang Eagle, an aircraft technology company, will join hands with U.S. Liberty Aerospace of Melbourne, Florida to produce and distribute in China the Liberty XL2.  It is a two-seat, low-wing, general aviation aircraft manufactured by Liberty Aerospace for the personal transportation, touring and flight training roles.

Source: Xinhua, November 6, 2008
http://news.xinhuanet.com/newscenter/2008-11/06/content_10318324.htm

Briefings | | |   US-China Relations

Xinhua: Obama Needs China

Xinhua noted in a November 6 article that during the 30 some years since the establishment of diplomatic relationship between China and the United States, no U.S. election was like the 2008 election – China policy was basically excluded from the election debates. “Obama needs China’s cooperation in his foreign policy and U.S. economic recovery. The United States will contract in its foreign strategy in the next 4 years, except that as a Democratic tradition, it will make some noises on human rights and pressure China on Tibet issues.”

Source: Xinhua, November 6, 2008
http://news.xinhuanet.com/world/2008-11/06/content_10313993.htm

Briefings | | |   US-China Relations

China Fears Jobless Rate Hike

Minister of Human Resources and Social Security alerts local authorities to “closely monitor the impact of changing economy that may have on employment.” His directive was made during his visit to Guangdong, one of the fastest growing regions in China. According to Shenzhen job market statistics, the number of employers hiring started to decrease in the 2nd quarter 2008. It was down 30% in 3rd quarter comparing to the 2nd quarter. On the other hand, job seeker increased close to 40 percent in the past 4 months.

Earlier release from National Development and Reform Commission shows that over 67,000 enterprises of small and medium sizes closed down in the first 6 months of 2008.

Source: China Federation of Trade Unions, November 6, 2008
http://acftu.people.com.cn/GB/67561/8291394.html
Xinhua, September 8, 2008
http://news.xinhuanet.com/house/2008-09/08/content_9848744.htm

Briefings | | |   Economy/Resources