Xinhua published an article on its headline news denouncing the Japanese government’s approved Defense White Paper (2015 edition). The article stated that the purpose of the white paper is to stir up the "China threat" and create a tense atmosphere so as to strengthen Japan’s security policies, develop its defense system, and find an excuse for a closer Japan-U.S. military alliance.
70 Percent of Investors Suffered Losses in the Stock Market Crash
Southern Metropolis Daily published the results of a survey in which individual investors in the stock market in Huizhou City, Guangdong Province were asked to respond. The survey closed on July 21, 2015. Of the 1,006 participants, about 70 percent suffered losses, 20 percent had gains, and 10 percent had neither gains nor losses. As to the extent of losses, over 40 percent of respondents said they lost over 30 percent of their investment.
The Party Has Not Won a Landslide Victory over Corruption in the Military
In a Qiushi article, Du Jincai, Secretary of the Central Commission for Discipline Inspection of the Communist Party of China, stated that corruption in the Chinese military is "grave and complex." He stated that the Party has not yet won "a landslide victory" over corruption.
The Stock Market Crash ‘Destroyed’ 600,000 Members of the Middle Class
On July 17, 2015, China Business Journal published an article titled, “The Stock Market Crash Has ‘Destroyed’ 600,000 Members of the Middle Class.” Since June of 2015, a total value of ten trillion Chinese yuan has evaporated as a result of the stock market crash in China. Forbes once predicted that the Chinese middle class would number over 14 million people. If 500,000 to 600,000 members of the Chinese middle class have disappeared as a result of the stock crash, 3 percent of the Chinese middle class has disappeared.
Source: China Business Journal, July 17, 2015
http://news.cb.com.cn/html/economy_9_26382_1.html
Xin Jinping’s Big Move: Jiang Zemin’s Closest Army Allies Are No Longer in Power
On July 17, 2015, Hong Kong Oriental Daily (http://hk.on.cc/hk/) published an article on the military leadership personnel changes in China titled, “Three Phenomenon at the Center of Army Restructuring.” China Gate and some other overseas Chinese websites republished the article on July 18, 2015, with a different title, “Xi Jinping’s Big Move: Jiang Zemin’s Closest Army Allies Are No longer in Power.”
According to the article, Xi has assigned some senior military generals to insignificant positions. Over the last six months, those in the most important leadership positions in the armed forces have all been replaced. Those officials who were close to Xi were promoted.
Source: Oriental Daily, July 17, 2015
http://hk.on.cc/cn/bkn/cnt/commentary/20150717/bkncn-20150717000313936-0717_05411_001.html
http://www.wenxuecity.com/news/2015/07/18/4422945.html
People’s Daily: Other Countries Won’t Get Anything Out of a Conflict in the South China Sea
During his recent visit to the Philippines [on July 18], Admiral Swift, the U.S. Pacific Fleet Commander, participated in person in the surveillance flight over the South China Sea. In an interview with a People’s Daily reporter, Chinese military expert Zhang Junshe explained China’s position on Swift’s tour.