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People’s Daily Criticizes a Retired Leader Who Still Interferes in the Present Leaders’ Work

On August 10, 2015, People’s Daily published an article titled, “Dialectically View the Phenomenon of ‘Tea Turns Cold When People Are Away.’”

The article commented, “People come and go; the present day replaces old times.” “Over the years, many of our Party cadres have correctly treated their status changes after having stepped down from their leadership positions. They consciously have not intervened in the work of the new leadership team, which demonstrates the open-mindedness and noble sentiments of a senior Party member and veteran cadre. They have thus won everyone’s respect. 

However, a highly positioned cadre, when he was in power, arranged for his trusted aides to be in the top positions for the purpose of being able to manipulate power in the future. After years of retirement, he is still reluctant to let go of the power from his original work place and from being in charge of major issues. When something does not please him, even in the slightest way, he will sigh, ‘Tea Turns Cold When People Are Away.’ He blames others for slobbering. This phenomenon causes a dilemma for the new leader and puts him in an inconvenient position; this hinders the new leader from doing his job freely and courageously. (The retired cadre’s interference) undermines the Party’s cohesion and combat power and results in rampant vulgar practices. Examples are, organizing many cliques; no one can focus on his own work; it is hard to implement regular work activities.” 
“When not in the leadership position, the retired cadre should not utilize the power of leadership. Such ‘cold tea’ is the norm. Once retired from the position, the former leading cadre will no longer be in charge of that job. Naturally, he will not have the power or responsibility.” “We should properly handle the relationship between emotion and principle. Never reheat the cold tea and bring it back to the table.”

Source: People’s Daily, August 10, 2015
http://opinion.people.com.cn/GB/n/2015/0810/c1003-27434178.html

Chinese Banking Industry Saw a Large Number of Nonperforming Loans

Well-known Chinese news site Sina recently reported that, according to the China Banking Regulatory Commission (CBRC), the Chinese banking industry suffered the highest nonperforming loans ratio since 2010. In the first half of this year, the banks accumulated nonperforming loans totaling RMB 1.8 trillion (around US$290 billion), which represents a year-over-year increase of 35 percent. This half-year increase is larger than the increase China saw for the entire year of 2014. Shang Fulin, Chairman of the CBRC, suggested that the banking industry should take the task of controlling the rapidly growing number of nonperforming loans as a top priority task. Risk management and prevention are key to this work.
Source: Sina, August 6, 2015
http://finance.sina.com/gb/wsj-ftchinese/ftchinese/20150806/02331311090.html

BBC Chinese: China Arrested Seven Christians

BBC Chinese recently reported that the Chinese police in Zhejiang Province arrested at least seven Christians who were against the removal of the cross from the top of their local church. Among the seven, two were priests, who were accused on several counts, with charges such as “forming a mob to disturb the public order.” The lawyer of the Christians who were arrested pointed out that the true cause of the arrest was the fact that they resisted the removal of the cross. The church is a government-approved legal church and the entire church building process from acquiring the land to construction went through all of the steps the government required for review and approval. However the Zhejiang Province authorities have now decided to demolish the church without presenting any legal documents. Amnesty International said they are carefully monitoring this case. Article 36 of the Chinese Constitution clearly states that Chinese citizens have freedom of religion. 
Source: BBC Chinese, August 5, 2015
http://www.bbc.com/zhongwen/simp/china/2015/08/150805_china_zhejiang_christians_detained

Caixin: July Chinese Manufacturing PMI Continued to Decline

Well-known Chinese financial site Caixin recently released its official Chinese Manufacturing PMI index number for July. It was 47.8 – lower than the June number of 49.4. The Caixin PMI was formerly known as the HSBC PMI, which was a well-respected economic indicator that financial institutions widely monitored globally. The British financial company Markit formed the PMI and Caixin recently took it over from HSBC to become the sponsor for the PMI index. The Caixin PMI has been below 50 for five consecutive months so far. Based on sub-indexes under this PMI, in July, both total new business and new exports were on the decline. Manufacturing output suffered the largest decline since November 2011. The employment level in manufacturing has declined for the past 21 consecutive months. PMI (Purchasing Managers Index) is an indicator of financial activity reflecting purchasing managers’ acquisition of goods and services. A PMI number below 50 typically reflects a decline. 
In the meantime, Xinhua reported that, according to The General Administration of Customs, China’s July exports declined 8.9 percent, year-over-year. Exports to Europe suffered the greatest loss. 
Source: Caixin, August 3, 2015
http://economy.caixin.com/2015-08-03/100835560.html
Source: Xinhua, August 8, 2015
http://news.xinhuanet.com/fortune/2015-08/08/c_1116188457.htm

Over 130,000 Legal Complaints Filed against Former Chinese Leader Jiang Zemin

According to Minghui.org, between May 27 and August 6, 2015, the Minghui website editors received copies of criminal complaints that had been filed by 134,386 Falun Gong practitioners in China and other countries against former Chinese leader Jiang Zemin. The complaints urged the procuratorial organs [in China] to conduct criminal investigations into Jiang for his role in launching the persecution against Falun Gong practitioners. The report said that, due to the Internet blockade, the actual numbers of complaints are far more than what is being reported.

Hebei, Liaoning, Shandong, Heilongjiang, and Jilin provinces are the top five regions where the practitioners have filed their complaints. The website said that, based on the receipt confirmations that the Supreme People’s Procuratorate and the Supreme Court have issued, the Supreme People’s Procuratorate, the Supreme Court, the Ministry of Public Security, and the Commission for Discipline Inspection of the Central Committee received over 59,380 of the complaints, accounting for 53 percent of the total number of copies that the Minghui website received
Source: Minghui.org, August 8, 2015
http://www.minghui.org/mh/articles/2015/8/8/%E5%8D%81%E4%B8%89%E4%B8%87%E5%9B%9B%E5%
8D%83%E4%BA%BA%E6%8E%A7%E5%91%8A%E6%B1%9F%E6%B3%BD%E6%B0%91-313827p.html

Huanqiu: Foxconn Shifts Its Investments to India

According to a report by Huanqiu, Foxconn, the supplier for Apple, Blackberry, Xiaomi, and Amazon, has signed a US$5 billion contract with India to build an electronic manufacturing plant. The article said that, as one of the fastest growing markets for smart phones, India is a country that smart phone manufacturers, including the ones from China, wish to tap into. In addition to Xiaomi, the TCL Corporation, another Chinese multinational electronics company, is planning to build its plants in Brazil and India. As the manufacturing costs continue to grow in China, driven up by the increase in labor, currency, and energy costs, the price of China made products is close to the U.S. The article said that having investments in countries like India will not only consume the excess production capacity that China has but will also assist Chinese enterprises to “step out” and gain added value for China made products.

Source: Huanqiu, August 7, 2015
http://finance.huanqiu.com/ppgc/2015-08/7232641.html

Disciplinary Committee to Inspect State Owned Enterprises

Guangming Daily published an article reporting that State Owned Enterprises will be required to impose strict party disciplinary policies on their Party members. The article stated that the Central Politburo will soon issue a guideline on the Party’s Inspection Work, which the Central Inspection Group will implement. The plan is to conduct inspections that will cover all State Owned Enterprises. The article said that the guidelines should mainly focus on detecting the existence of formalism, bureaucracy, hedonism, and extravagance. For any identified issues, the guidelines require that they to be elevated to the Commission for Discipline Inspection, the Ministry of Organization, or Party organizations within the State Owned Enterprises. Meanwhile necessary actions should take place immediately. The article said that if the issues are being held up without being addressed, the punishment could be severe.

Source: Guangming Daily, August 10, 2015
http://politics.gmw.cn/2015-08/10/content_16604699.htm

Global Times: U.S. Cyber Retaliation Would Trigger a Tit-for-Tat Conflict

The Global Times published an editorial in response to a New York Times report that the Obama administration is planning to "retaliate against China for the theft of the personal information of more than 20 million Americans from the database of the Office of Personal Management." 

In the editorial, the Global Times highlighted one of the most innovative responses, per the New York Times, which is to find a way to breach China’s Great Firewall. It also quoted an anonymous White House official who said that Washington needs "a full range of tools to tailor a response." 
Global Times argued that hacking attacks are usually elusive and hard to trace. Those which were seemingly launched in China might actually have come from another country. Therefore, the White House must take full responsibility if it takes so-called countermeasures against China based on ill-considered and ill-founded assumptions. 
The Great Firewall is a State-sponsored Internet management system. If U.S. cyber forces launch blatant attacks against it, the consequences will be serious. Unlike sneaky hacking, these attacks will be treated as a U.S. invasion of China. 
The editorial gave further warnings that, without question, if U.S. cyber forces took the first step, their Chinese counterpart would not stand aside and do nothing. There would be a tit-for-tat cyber conflict. 
Citing the New York Times article, Global Times was quick to point out U.S. "hypocrisy": U.S. intelligence officials say that the U.S. has placed "thousands of implants in Chinese computer networks to warn of impending attacks." Thus, it seems that it is the U.S. that keeps posing threats to Chinese cyberspace. 
Sources: Global Times, August 3, 2015 
http://www.globaltimes.cn/content/935302.shtml 
NY Times, August 1, 2015 
http://www.nytimes.com/2015/08/01/world/asia/us-decides-to-retaliate-against-chinas-hacking.html?_r=0