China Business News reported that, at around 11:30 pm on August 13, two consecutive explosions occurred in warehouses containing hazardous chemical materials in Tianjin City, about a 30 minute train ride from Beijing. The explosions originated at a warehouse site owned by Tianjin Dongjiang Port Rui Hai International Logistics Co., a company that stores and transports dangerous chemicals.
Chinese Military General: The Era when the U.S. Dictated to China with a Big Stick Is Gone
Chinese military general Rear Admiral Luo Yuan published a commentary in response to the New York Times report that the U.S. is going to retaliate on the incident of "China stealing more than 20 million American’s personal information." Luo claimed that, if the U.S. were to impose sanctions against China, it would be declaring a cyberwar. Luo said that China-U.S. relations are no longer the same as the past U.S.-Soviet relations and that the era when the U.S. dictated to China with a big stick is gone. The order of the strength of power is reversing. Who would win the war is far from conclusive.
Impact of the Yuan’s Depreciation on the Housing Market
Daily Economic News published an article that discussed the impact of the yuan’s depreciation on the housing market. Continued depreciation of the yuan will increase the cost real estate developers have to pay in order to obtain overseas financing. They may be forced to reduce housing prices to ease their financial difficulties.
DW: People’s Daily Implies that Jiang Zemin Is Clinging to Power
On August 10, 2015, DW.com published an article saying that the People’s Daily article titled “Dialectically View the Phenomenon of ‘Tea Turns Cold When People Are Away’” was actually delivering a political message. Since Xi Jinping launched the anti-corruption campaign, there has been speculation that the CCP Central Commission for Discipline Inspection might be targeting Jiang Zemin in an internal investigation.
According to People’s Daily, “When not in the leadership position, the retired cadre should not utilize the power of leadership. Such ‘cold tea’ is the norm.” The People’s Daily article referred to a retired cadre as “cold tea”. Using such a metaphor attracted a lot of online comments. Someone wrote, “If ginger tea insists on being as hot as before, what should we do? In such a case, we should pour it (the ginger tea) out!”
Source: DW.com, August 10, 2015
http://www.dw.com/zh/人民日报一评论文疑影射江泽民/a-18637712
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.
Source: People’s Daily, August 10, 2015
http://opinion.people.com.cn/GB/n/2015/0810/c1003-27434178.html