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Wu Guoguang: Xi Jinping’s Reversal of the Course, Will China’s Transition be Peaceful or Marked with Bloodshed?

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

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

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

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Party Inspection Teams Conduct Corruption Investigations in Financial Sector

Caixin reported that, by the end of October, the CCP’s Central Commission for Discipline Inspection (CCDI) will send inspection teams to conduction corruption investigations at the China Banking Regulatory Commission (CBRC), the China Securities Regulatory Commission (CSRC), the People’s Bank of China, and the China Insurance Regulatory Commission (CIRC). The inspection teams are expected to stay onsite for two months. One team will be at the CBRC and the CSRC and the other will be at the People’s Bank of China and the CIRC. Investigations at four State-owned commercial banks will soon follow. These banks are the Industrial and Commercial Bank of China, the China Construction Bank, the Bank of China, and the Agricultural Bank of China. 

Source: Caixin.com, October 21, 2015 
http://finance.caixin.com/2015-10-21/100865341.html?utm_source=baidu&utm_medium=caixin.media.baidu.com&utm_campaign=Hezuo
Briefings | | |   Government/Politics

Top Military Official: China Will Not Resort to Force Recklessly Even on Issues Involving Territory

Sina.com, a major Chinese web portal, carried a Global Times report that Fan Changlong, vice chairman of China’s Central Military Commission, stated that China has always advocated handling disputes through peaceful means and will not use force recklessly, even when it comes to issues related to territory and sovereignty. 

Fan made the statement while addressing the sixth Xiangshan Forum in Beijing last Saturday morning. He said that China always insists on resolving disputes through friendly negotiations with parties directly involved and will try its best to avoid unexpected conflicts. 
Fan said China has settled land and border issues with a majority of neighboring countries through consultation. Regarding growing concerns over the construction on coral islands in the South China Sea, Fan anticipated that the construction, mostly for civilian purposes, would improve marine navigation and provide public services. 
Source: Global Times, October 17, 2015 
http://news.sina.com.cn/c/nd/2015-10-17/doc-ifxiwazu5555260.shtml
Briefings | | |   Defense/Military

Reuters Chinese: Chinese Exporters Are Pessimistic about the Business Outlook

Reuters Chinese recently reported that, according to a Reuters’ survey, two thirds of the vendors at the on-going 118th Canton Fair reported that they expect the export market to decline. The semi-annual Canton Fair is widely regarded as “China’s International Trade Barometer.” The Reuters’ survey was based on a sample of 103 Chinese vendors who presented at the Fair. Most of them are mid-to-small sized manufacturing companies. The companies surveyed predicted that the cost of manufacturing will increase by 5.6 percent in the next 12 months, while the growth of international orders will significantly slow down. Most of the companies in the survey sample expressed the belief that the export market decline will last at least six months. The survey results were worse than the similar survey conducted in April. China’s official numbers showed that Chinese exports declined by 5.5 percent and 3.7 percent in August and September, respectively. Many companies hope the Chinese currency will continue its depreciation.
Source: Reuters Chinese, October 16, 2015
http://cn.reuters.com/article/2015/10/16/poll-cn-trade-idCNKCS0SA14J20151016
Briefings | | |   Economy/Resources

BBC Chinese: China Supports the Opposition Forces in Myanmar Election

BBC Chinese recently reported that, on November 8, Myanmar will have its first democratic election in 25 years. It seems China is currently leaning towards supporting the opposition party rooted in the Rakhine State where most of the minority Buddhists live. The Opposition party is gaining wider support among voters and it is against the Muslins. China recently invited the party’s leader to visit China and promised to supply him with whatever he needs. Most of the Chinese investments in Myanmar are in the Rakhine region. That is where China’s newly planned oil pipeline will lead to a port that helps bypass the Strait of Malacca, over which the United States Navy has substantial control. Apparently China’s siding with the opposition party in Myanmar is to protect its investments, and that’s understandable. However, it seems to be a deviation from China’s long standing argument against interference in other nations’ internal affairs. 
Source: BBC Chinese, October 15, 2015
http://www.bbc.com/zhongwen/simp/world/2015/10/151015_china_myanmar_election
Briefings | | |   Geo-Strategic Trend

Xinhua: Obama Breached His Commitment to Withdraw from Afghanistan

Xinhua recently reported that U.S. President Barak Obama has decided to keep 5,500 troops in Afghanistan when he leaves the White House in 2017, thereby breaking his promise to withdraw all U.S. troops from that country except for the ones that are at the U.S. Embassy. In the past several months, the U.S. military leadership has insisted on keeping enough troops there so as to prevent the Taliban from coming back to power. Thus the United States would not risk the fruits of all of its efforts over the past 14 years. In the meantime, President Obama went ahead and declared an end to the military operations in Afghanistan anyway, despite the fact the U.S. troops will remain. Russian media also widely reported the story that the U.S. President did not keep his promise.
Source: Xinhua, October 16, 2015
http://news.xinhuanet.com/world/2015-10/16/c_128325756.htm
Briefings | | |   Geo-Strategic Trend

People’s Daily: Registered Trademark Exceeds 10 Million but Few of Them are Recognized Worldwide

People’s Daily reported that, by October 7, 2015, the total number of registered trademarks in China exceeded 10 million. This number ranks the highest in the world, but few of them are recognized around the world. The article said that among the exported products, only 11 percent of the products are Chinese brands. In 2014, among the top 500 of the world’s brand names, 29 of them were from China. The article also indicated that some companies register trademarks only to seek profits while ignoring the practical usage of the brands, which is against the requirements of the trademark law in China.

Source: People’s Daily, October 19, 2015
http://finance.people.com.cn/n/2015/1019/c1004-27714357.html

Briefings | | |   Economy/Resources

Unemployment Rate for College Graduates from the Countryside Is 30.5 Percent

People’s Daily published an article reporting that the unemployment rate among college graduates who came from the countryside is 30.5 percent. The biggest obstacle that the group faces is a lack of job opportunities. Many of these students attend college with the costs emanating from their parents’ support. They are burdened with high expectations and pressure from the family. Some have had to seek further education hoping the situation might change in the future.

Source: People’s Daily, October 19, 2015
http://edu.people.com.cn/n/2015/1019/c1053-27711962.html

Briefings | | |   Economy/Resources

Six Costly Lessons for SOEs Foreign Investments

People’s Daily published an article which listed six mistakes that State Owned Enterprises (SOEs) made when they invested in overseas markets, resulting in huge financial losses. In the article, each mistake was supported by examples. The article stated that Chinese enterprises have a huge potential in the overseas market but they should also be cautious and need to learn the lessons from their past mistakes. The six types of mistakes are as follows: 1) The foreign government called off the contract due to a change in the political environment. 2) The bid price was too low and the actual expenditures came in much higher. 3) They didn’t take environmental issues seriously. 4) They lacked understanding of the local culture and customs. 5) They underestimated the power of the local union. 6) They rushed into certain decisions.

Source: People’s Daily, October 18, 2015
http://finance.people.com.cn/n/2015/1018/c1004-27710400.html

Briefings | | |   Economy/Resources