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Government Banking Regulatory Body Warns Banks about International Financial Crisis

The China Banking Regulatory Commission requests that the banking sector monitor the international financial crisis and its adverse impact on China’s economy closely. The banks are requested to improve the forecast and management of major potential risks, and to monitor and control credit risks of crisis-stricken industries and related markets.

Source: Xinhua, November 12, 2008
http://news.xinhuanet.com/newscenter/2008-11/12/content_10347102.htm

Hu Jintao Cannot Avoid the Issue of Political System Behind the Tainted Milk Scandal

Below are translated comments from Xizhe Wang[1], a well-known dissident from Mainland China, on tainted milk. [2] 

September 20, 2008

The tainted milk scandal has caused a destructive blow to China’s dairy industry and even to the whole of China’s food industry. It has done horrific physical and psychological harm to the health of Chinese children. What is the root cause of the problem then? It is exactly in the unrestrained capitalism practiced today in China.

Question:  Why the capitalism practiced in China today is “unrestrained”? What is the  cause? The answer is the unrestrained government of the unrestrained Chinese Communist Party!

In the past thirty years, China’s capitalism has produced all the past “poison”, all the present “poison” and there is no doubt that it will surely continue to produce future “poison”. The root of the cause lies in the very vicious system that continues to harm the Chinese people and the society. In a word, it is the Chinese Communist Party governing the country without any constraint that has given rise to and developed all the evils of the unrestrained capitalism in China.

China has to develop capitalism. It is only capitalism that can bring out the initiatives of the whole nation to become prosperous and powerful. But capitalism is after all a kind of evil force and therefore must be restrained, for it was established on the basis of selfish and greedy nature of human beings. As it endlessly pursues profit,once it is without or with little control, it would be a very evil thing with “every pore full of blood and dinginess”.

Who can restrain the evil capitalism? The government in power. They should remain an outsider of capitalist operations with the responsibilities of using the power entrusted by the public to guarantee the benefits of capitalism for the people. At the same time, they should do their best to protect the people from the harm that capitalism may bring. But when capitalism seeks power from the governments at all levels, those governments at various levels and  their leaders exchange their power entrusted by the public for operating capital. Then the power entrusted by the public, together with capitalists becomes an organic composition of capitalism to recklessly pursue profit. As a result, both the communist bureaucrats and capitalists have been a personification of capital. Then, this kind of capitalism expands its evils without limit by using its power to guarantee that the evils go unchecked. It always opens green right to evils and stops the dissatisfaction, exposition and revolt from the people. The capitalism of this type is the most vicious in the world, thus it is the most evil capitalism that does not give its people room to breathe.
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Then how can we prevent the power of the governments from being hired or capitalized? There must be an independent judiciary system that follows only the constitution and with the power to monitor, inspect and adjudicate, watching the government of all levels. Only when China has this kind of independent judiciary system, can it restrain the Chinese communist government and fundamentally solve the problem of the expansion of a non-restrained evil capitalism.

The door was opened and reform carried out. The capitalism has developed but the powerful independent judiciary system has not been established yet, which has caused a large number of corruption and criminal cases. The problem can be solved as long as China moves toward the direction of a democratic judiciary system step by step, therefore the stability of the country can be maintained accordingly. Many countries and regions have been through such developmental process. But the sad thing here is that the Communist regime does not want to establish such an independent judiciary. In the past, it practiced “centralized socialism”.  But now while it practices free capitalism, it still adheres to centralized power without letting loose any control over anything, not even a little bit of power for its people to inspect and constrain the government.   We all know that a network of checks and balance is beneficial not only to the people but also to the CCP in the long run. Otherwise, the centralized government plus the capitalism could only cause the CCP and the country to be completely corrupted until the country plunges into political catastrophes and tsunamis!

Hu Jintao came out and spoke. He represents the top power of CCP in China. What is his insight? He simply made some cliché remarks and scolded some CCP bureaucrats under him. He said they lacked “the sense of mission” and criticized them as being “insensitive to the safety and well-being of the common people”, so on and so forth. It was as if nothing would go wrong if his bureaucracy had paid attention to “the safety and well-being of the common people”. And there would have been no “disastrous accidents of unsafe production and unsafe food”.  It is simply the issue of carrying out the order and there is nothing wrong with the system.   Hu Jintao has no idea that the bureaucrats, sitting in front of him and dozing off, have already been transformed into capitalists. Their heart has become capitalized. Their “mission” has become the “mission” of capitalist profit. They can only keep the capitalist profit in their heart. They would never put the safety and well-being of the people in their heart.

Perhaps there are still a few “good Party members” left, right? But if they were put in the position of Tian Wenhua, Zheng Xiaoyu, and even Chen Liangyu, then they are driven by the unfettered power to seek capitalism.  They will commit evil deeds as time goes on. This is the “black hole” of capitalism, a power to endlessly seek capital and profit. The centralized power with capitalist system is the evil system that changes “good party members” into evil ones. A man at the royal court of Wu Ze Tian (Woman Emperor of Tang Dynasty) said, “The ghost has come back again!” As long as the evil system that turns men into ghosts exists, what is the point of catching the ghosts and killing them?
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Tainted milk scandal has been exposed.  The major turning point would be we understand the problem and find the ultimate solution.  Jintao Hu cannot avoid facing the political system that lies behind the scandal. 

Endnote:
[1]  Xizhe Wang, born on August.13, 1948 in Sichuan, China, male, a well-known dissident from Mainland China.
[2]  Boxun, September 20, 2009
http://peacehall.com/forum/200809/boxun2008b/7615.shtm

Ministry of Foreign Affairs Declassifies Files

Ministry of Foreign Affairs officially has declassified files from 1961 to 1965, reported Xinhua.  The files declassified pertain to evolution of China-Soviet relationships and the breakup of the two Communist Parties.  Included also are those on the establishment of diplomatic relations between China and France and on No. 103 to 128 Ambassadorial talks between China and the United States.  

More than 41,000 files have been declassified since 2004.  3,400 persons/times have accessed the files.  Over 700 of them were from other countries.

Source: Xinhua, November 12, 2008
http://news.xinhuanet.com/newscenter/2008-11/12/content_10347508.htm

Party Official Expelled from the Party

Zhejiang Provincial Communist Party Committee expelled from the Party Mr. Yang, a district Party Secretary in Wenzhou city.  The Party committee also fired him from his position on the Wenzhou City Standing Committee.   The disciplinary actions were prompted by Yang’s refusal to return to China from a September trip to Europe.  The Party Committee determined that his unauthorized stay in Europe was in serious violations of the Party rules and has created bad influence.

Source: Xinhua, November 12, 2008
http://news.xinhuanet.com/newscenter/2008-11/12/content_10348515.htm

Web Photos: Chinese Taoist Under Military Training and Patriotic Education

Chinese internet users are stunned by web photos showing Taoists kicking goose-steps and saluting to flag-rising, wearing Taoist priest’s robe.

Wudang Taoist Academy is a three-year religious college recently approved by the State Administration of Religious Affairs (SARA), located at the Wudang mountain, where famous Taoist temples are seated.

The kicking of goose-steps is part of the military training that all newly enrolled students ought to undertake. The flag-rising ceremony aims to cultivate the patriotic passion of the students, according to the Nanfang Daily report.

Source: Nanfang Daily, November 12, 2008
http://www.nanfangdaily.com.cn/tpxw/200811120056.asp

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Chinese Media Outlet Issues Mistresses Report

In a recent report published by China’s Nanfang People Weekly (or Nanfang Renwu Zhoukan), mistresses of corrupt officials were found least subject to legal punishment.

The report investigates 41 corrupted officials at the ranking of governorship in the Communist Party, Government, People’s Congress, Political Consultative Conference, and Judiciary Branch, spanning from 1998 to 2008. The sources used are public information from the court system and media interviews with the defense lawyers and family members of the officials.

36 out of the 41 investigated have at least one mistress. These officials aged 62 on average at the time of being prosecuted, with their legal spouses around 60. The mistresses are on average 11 years younger than the spouses, while the largest age difference being over 30. After a comparative study, the report concludes that the motives of possessing mistresses have shifted from seeking sexual pleasure toward mutual benefits. The special group of mistresses of high officials are de facto playing the role of money managers.

However, the mistresses are more or less risk free from among the group of investigated, as only 8 out of the 36 were put on trial and 5 convicted, shows the report.

Source: Radio Free Asia, November 11, 2008
http://www.rfa.org/mandarin/yataibaodao/fubai-11112008110523.html

Blacklisted Chinese Democracy Activists to Sue Netease

Finding their names blacklisted on an internet file of the company’s website, three democracy activists have asked for an open apology and plan to sue Netease Com Inc, a Chinese internet company listed on NASDAQ (code: NTES).

Zheng Cunzhu, a businessman in Anhui province and chairman of the board of Jiahe Food Inc. Ltd, was the first to find from the official website of Netease a file named "badwords.txt," where his name was placed aside a list of dirty words. Zheng also spotted the names of Wang Zhaojun, a member of the standing committee of the political consultative conference of Anhui province, and Guo Quan, a professor at Nanjing Normal University. The three of them intend to file a lawsuit in the U.S. against Netease, providing no apology is heard by Nov. 14.

Zheng, Wang, and Guo are famous as each of them wrote an individual open letter to the leaders of the communist regime, calling for political reform and criticizing the regime’s policy on  the 1989 prodemocracy movement and the Falun Gong religious group. Censored in the Mainland, the letters  spread widely on overseas Chinese websites.

Other forbidden words on the list discovered by Zheng include those related to democracy, religion, and the domestic civil rights movement. The lawsuit aims to call attention to freedom of expression in China, with the hope of reforming the political system.

Source: Radio Free Asia, November 11, 2008
http://www.rfa.org/mandarin/yataibaodao/guoquan-11112008102038.html

China and Russia Discuss about Collaboration in the development of Space Station

Vitaly Davydov, deputy director of Russian Aerospace Institute, says that Russia will expand the collaboration with China in the peaceful development of space, but will not transfer technology. He made the comment while he was attending The 2008 China International Aviation & Aerospace Exhibition in Zhuhai,Guangdong Province. Davydov says: “Chinese colleagues are interested in developing space stations in the near-earth space. We are discussing the possibility of collaboration in this area.” Davydov says that Russia will not develop the station together with China, but will provide help by providing certain equipments.

Source: people.com.cn, November 11, 2008
http://military.people.com.cn/GB/42962/8316594.html