Following the U.S. National Interest magazine report that the U.S. Navy is developing a new ballistic missile submarine to replace the existing fleet "Ohio" class ballistic missile submarine, CCTV conducted an interview of Chinese military experts Yin Zhuo and Cai Weidong. Yin Zhuo said that the U.S. cruise missile submarine is to be used to fight big wars against big countries like Russia or China. The weapon will pose a great threat to China. Cao Weidong expressed the belief that the United States’ development of the submarine is not intended to replace the aircraft carrier. The U.S. military can make use of nuclear submarines carrying cruise missiles, quietly move to the doorway of other countries, and implement long-range precision strikes. Cao said that the U.S. needs to set up a powerful "enemy" like China so as to develop its combat capability.
Study Times: China Should Join the TPP at the Appropriate Time
On October 26, 2015, Study Times, a Communist Party publication close to Chinese President Xi Jinping, stated in a commentary that China should join the Trans-Pacific Partnership (TPP) at the appropriate time.
China’s Deflationary Spiral Is Worrisome
Yu Yongding, Senior Fellow at China’s Academy of Social Sciences stated that, based on the decreases in the Producer Price Index, China is now in the middle of domestic deflation and that the continued negative growth of PPI is worrisome. Yu made these remarks at a forum held on October 27, 2015. According to Yu, overcapacity is the primary cause of deflation. "On the one hand, we try to reduce overcapacity, which results in decreased effective demand. [On the other hand], the decline in effective demand in turn leads to an increase in excess capacity, forming a vicious cycle." If China cannot reduce overcapacity faster than the rate of the effective decrease in demand, then China’s economy will decline further into an economic recession. Yu Yongding stated, “This is the most serious challenge we currently face."
The CCP 2nd Red Generation Supported Xi Jinping at a Forum to Commemorate Former CCP Leader
On October27, 2015, a forum was held to commemorate the 110th birthday of Gao Gang, a former Chinese Communist Party (CCP) leader who committed suicide in August 1954 due to the CCP’s internal purge. Gao Gang and Xi Zhongxun were very close friends. Together, they founded the CCP guerrilla bases in northwestern China in the 1930s. Xi Zhongxun is Xi Jinping’s father. Xi Jinping is the current General Secretary of the Chinese Communist Party and the Chairman of China.
Many sons and daughters of the first generation leaders of the CCP (also called the 2nd red generation) gathered and spoke at the forum in Beijing. One of the speeches made particular mention of the close relationship between Gao Gang and Xi Zhongxun.
Toward the end of the forum, Gao Gang’s daughter said, “Today, we commemorate and memorialize him so as to learn from and follow in his steps; the Party’s cause is the first priority. … Under the new situation, we all need to unite together around the CCP Central Committee that Comrade Xi Jinping heads. For the purpose of revitalizing the nation of China and realizing the China dream, we will each make our contribution!”
Source: China Red Tourism, October 27, 2015
http://www.crt.com.cn/news2007/news/ZPYANG/151027916532AGECC9EI5HG442F011G.html
Official Media Coverage of Current and Former Top Official Leaders Did Not Include Jiang Zemin
The fifth plenary session of the 18th Chinese Communist Party (CCP) Central Committee has been taking place from Oct. 26 to 29 in Beijing. On October 28, 2015, several major Mainland China websites published a high-profile report about former Prime Minister Zhu Rongji’s recent appearance at his alma mater, Tsinghua University. According to the article, Zhu visited Tsinghua in 2007, 2011, and 2015. In 2011, he shared his motto with the students: “No matter whether there is a minefield or an abyss in front of me, I will not turn back. I will work tirelessly with full effort and will not give up until death.” The person who wrote the article is a WeChat messaging public registrar from Beijing Daily.
The article also told some stories about other current and former top CCP leaders’ visits to their own alma maters, including stories about Xi Jinping, Hu Jintao, Li Keqiang and Wen Jiabao. Xi Jinping is the CCP General Secretary and the president of China; Hu Jintao was the CCP General Secretary from 2002 to 2012 and President of China from 2003 to 2013; Li Keqiang is the current Premier of China’s State Council; Wen Jiabao is the former Premier of China’s State Council.
[Editor’s note: People noticed that the article did not mention Jiang Zemin, the former CCP General Secretary from 1989 to 2002, or Jiang’s faction from the Standing Committee.]
Source: Tencent QQ, October 28, 2015
http://xw.qq.com/news/20151028036194/NEW2015102803619404
Chinese Ministry of Finance: Company Profits Suffer a Decline
BBC Chinese: China Started a Nuclear Controversy with Japan at the UN
Iran is Adopting China’s Satellite Positioning System
China Stocks recently reported that Iran and China signed an agreement to introduce China’s Beidou Satellite Positioning System into Iran. Iran Electronics Industries (IEI), Iran’s largest electronics company, plays a key role in the country’s satellite industry. IEI held a formal ceremony for the official launch of the Beidou-based program. China will not only supply the ground stations but also construct a space data collection center. China’s Beidou Satellite Positioning System is China’s independently developed and independently run positioning system that provides all-time and all-weather precise positioning services. Currently Iran cannot obtain high precision services from the Global Positioning System (GPS) that the United States owns. The U.S. GPS system is the largest and the most widely used satellite positioning system in the world.
Source: China Stocks, October 19, 2015
http://news.cnstock.com/industry/sid_rdjj/201510/3593175.htm