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Xi Jinping Delivered a Speech That Stressed Enhancing the Commitment to Reform

On June 27, China’s State President Xi Jinping hosted the 25th Session of the Central Leading Group for comprehensively deepening reform. At the conference, he delivered a speech in which he signaled that reform is meeting with resistance and he pointed out that the local [government] is an important force for reform. [Xi] stressed that the reform is a revolution, that [its purpose] is to change the institutional mechanisms and to remove vested interests. [Therefore], it is important to get serious about reform. Local committees at all levels will have to work hard on tackling difficult issues and on solving problems.  

Source: Sina, June 27, 2016 
http://news.sina.com.cn/c/nd/2016-06-27/doc-ifxtmwei9365786.shtml

Internet Posting: Deng Xiaoping’s Political Will

A message about Deng Xiaoping’s political will was spread over the Internet in China. It said that a book called Will was recently published in China. The book revealed a great deal of inside information about Deng Xiaoping and Zhongnanhai. The highlight of the book was the last part, in which Deng Xiaoping gave his political will to Hu Jintao, Zeng Qinghong, and Wang Ruilin (then military General; he had served as Deng’s political secretary for a long time). The following are several points made in the book:

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Personnel at CCP Departments are Civil Servants

Recently, China’s Ministry of Human Resources and Social Security released the latest statistics on civil servants. As of the end of 2015, there were 7.167 million civil servants in China. According to Article 2 of the Civil Servant Law, the term "civil servant" refers to those personnel who perform public duties and are included in the State administrative staffing with wages and welfare borne by the State. The National Civil Service Bureau explained that civil servants are personnel working in the Communist Party departments, the People’s National Congress, administration departments, judicial courts, procuratorial offices, democratic parties, and the All-China Federation of Industry and Commerce, except for lower level workers. 

Source: Xinhua, June 27, 2016 
http://news.xinhuanet.com/politics/2016-06/27/c_1119120155.htm

Xinhua: Sunway TaihuLight Became World’s Fastest Supercomputer

Xinhua recently reported that the TOP500 Organization, headquartered in Germany, ranked the new Chinese supercomputer Sunway TaihuLight the fastest in the world. The number two supercomputer is also Chinese, named MilkyWay-2. This is the first time China has more supercomputers (167) on the list than the United States (165). This is also the first time China made a supercomputer that uses all domestically designed and manufactured processors. Previous Chinese supercomputers all used U.S.-made key processors. The Sunway TaihuLight is two times faster and three times more efficient than the MilkyWay-2. The new supercomputer is deployed in the Wuxi Supercomputing Center in Jiangsu Province. Also among the top 10 supercomputers, four are from the United State. Japan, Switzerland, Germany and Saudi Aribia each have one. Supercomputers are playing a more and more important role in the fields of energy, medicine, airplane manufacturing, automobile and entertainment.
Source: Xinhua, June 20, 2016
http://www.xinhuanet.com/tech/zt1300.htm

In China’s First Quarter, Bankruptcy Cases Surged

Well-known Chinese news site Sina recently reported that, based on the numbers that the Chinese People’s Supreme Court released, during the first quarter of 2016, the courts across China saw a 52.5 percent increase in bankruptcy cases, year-over-year. Experts expressed the belief that this was the result of the economic structural adjustments that the Chinese government conducted. The reforms focused on industrial production reduction initiatives. Most of these bankruptcy cases involved medium and small sized companies, which may have a lighter social impact than large enterprises. In recent years, more and more companies have preferred to take the bankruptcy approach. One of the reasons is that the government is leaning towards using the legal system to deal with the issue of “zombie companies.” Another reason is that more and more company owners have realized that, as soon as a bankruptcy case is accepted by the court, the creditors can no longer cease their guaranty and the company can restore its operations.
Source: Sina, June 24, 2016
http://finance.sina.com.cn/china/gncj/2016-06-24/doc-ifxtmwei9222408.shtml